No deposit trading account

Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).

New forex bonuses

Best No Deposit Bonus Forex Brokers 2021, no deposit trading account.

Note: not all forex brokers accept US clients. For your convenience we specified those that accept US forex traders as clients.

Best no deposit bonus forex brokers 2021

The brokers below represent the best no deposit bonus forex brokers.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Cysec, FCA, FSA(SC), FSCA, labuan-fsa

Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.

Your capital is at risk

Ctrader, MT4, MT5, proprietary

Dealing desk, ECN, market maker, no dealing desk, STP

Your capital is at risk

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Your capital is at risk

ECN, no dealing desk, STP

Your capital is at risk

Note: not all forex brokers accept US clients. For your convenience we specified those that accept US forex traders as clients.

Tickmill

Regulated by: cysec, FCA, FSA(SC), FSCA, labuan-fsa

Headquarters : 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ.

Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).

The broker provides more than 80+ CFD instruments to trade on covering forex, indices, commodities and bonds through three core trading accounts called the pro account, classic account and VIP account. They also offer a demo trading account and islamic swap-free account.

GO markets

Regulated by: ASIC, cysec

Headquarters : level 22, 600 bourke street, melbourne, VIC 3000, australia

Australian brokers are definitely making a name for themselves in the trading arena as some of the most reliable, intuitive and forward thinking firms around. This broker is no different with a wide variety of tools, assets and reasonable trading conditions.

GO markets pty ltd an ASIC regulated broker has been in operation since 2006. The head office is located in melbourne, australia. With over a decade of experience, GO markets has grown to become a leading broker with a huge client base from over 150 countries. GO markets offers forex, share cfds, indices, metals and commodities for trading on the MT4 and MT5 trading platforms.

Roboforex

Headquarters : 2118 guava street, belama phase 1, belize city, belize

Your capital is at risk

The roboforex brand is operated by the roboforex group, and is located in belize. Roboforex began operations in 2009 and has grown in size and capacity. The brand offers over multiple trading instruments which include forex, stocks, indices, etfs, commodities, energies, metals and cryptocurrencies.

They also offer cutting edge platforms. Roboforex boasts of over 800,000 clients from 169 countries. They are both a dealing desk and non dealing desk broker offering ECN and STP trading accounts through their platforms. This means a different payment model to you the trader eg. Lower spreads for ECN accounts with some commissions to pay.

*leverage depends on the financial instrument traded and on the client’s country of residence.

Axiory

Headquarters : no.1 corner of hutson street and marine parade belize city, belize

Axiory was founded in 2012 and is a trading name of axiory global ltd which is authorised and regulated by the international financial services commission (IFSC) of belize. The broker segregates client funds from their own and offers negative balance protection. The company is also audited by pricewaterhousecoopers and is a member of the financial commission.

Users can choose from three types of trading accounts called nano, standard and max to trade on 80 different markets covering forex and cfds on indices, energies, stocks and metals. Axiory offers maximum leverage of up to 1:500 and also provides access to islamic swap-free accounts and a demo trading account. Users can also access data regarding execution times and slippage distribution for even more transparency.

Justforex

Regulated by: not a regulated broker

Headquarters : suite 305, griffith corporate centre, P.O. Box 1510, beachmont, kingstown, st. Vincent and the grenadines

Your capital is at risk

Justforex was founded in 2012 and is a brand name of JF global limited which is a registered company in st. Vincent and the grenadines. The broker offers 7 different types of trading accounts ranging from commission-free to commission-based accounts, islamic swap-free accounts and even ECN trading accounts.

While the broker offers more than 150+ asset classes to trade on, covering forex ECN, stocks, indices, commodities and bonds, access to certain markets depends on the account type opened. Justforex provides users with the globally-recognised metatrader 4 and metatrader 5 trading platform for PC, as well as the metatrader mobile trading app for android and ios users.

What is a no deposit forex bonus?

A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.

Just like the deposit bonuses in forex (which require you to deposit first), the no-deposit bonus is used strictly for trading purposes and can only be withdrawn from the account on fulfillment of the broker’s trade volume requirements.

Typically, the no-deposit forex bonuses are not as large as the deposit bonuses. They range from between $10 and $200, depending on the broker. They are actually meant to introduce new traders into the world of real money trading and are not meant to be used for profit-oriented trading. Think of it as a form of live, real money practice account where you keep all the gains. If you lose money, you have lost nothing.

What should I do to get my bonus?

Most of the no-deposit forex bonuses in the market can be obtained as exclusive offers through affiliate partners of the forex brokers that offer them. The forex brokers who award the no-deposit forex bonuses directly are typically in the minority.

What is the difference between no deposit bonuses and deposit bonuses?

No-deposit forex bonuses do not require an initial deposit into the trading account before they are awarded. This factor distinguishes the no-deposit forex bonus from deposit bonus, which like the name implies, requires a deposit from the trader before it is awarded.

No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.

What other bonus and promotion types do brokers offer?

Other bonuses and promotions may be given out by brokers occasionally.

The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.

Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.

Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.

Conclusion

Are you looking for the best no deposit bonus forex brokers for 2017? Here we show a list of these brokers which we have compiled after careful evaluation of various candidates. Ensure you use the no-deposit forex bonus wisely and use it to enhance your live account trading experience.

Forex trading without deposit | no deposit bonus explained

It’s generally known that in order to get started in forex, you need to put a lot of resources into it. And while these resources can be your time and energy, the most straightforward one is, of course, your money.

It’s no surprise that one regular lot is equal to 100,000 currency units – forex trading is definitely an expensive endeavor. However, there are still some ways in which you can start trading forex while maintaining some sort of profitability without spending hundreds of thousands of dollars.

No deposit bonus in a glance

In forex trading you can, in fact, start trading with no money of your own or even making a deposit. With free no deposit bonus offered by the top forex brokers, you can start forex trading without deposit with a good boost.

There is no sense in hiding the fact that FX trading is risky, especially if you are trading without proper knowledge and at least minimal experience. In an attempt to prevail over the risk of losing your money and to stay safe, it is undoubtedly better to start trading with a free forex account or no deposit bonus offered by various FX brokers. Especially if such deals are not so rare at this time and even best forex brokers sometimes offer such deals.

It is always better to preview all conditions that offer you an option to trade without money of your own. So, be sure to start forex trading without a deposit now and get yourself a good and reliable deal!

But let’s say that although you’ve learned how to start deposit free forex trading, it’s still too risky for you. Thankfully, there is an alternative. One way to start trading with a broker is by opening a free forex demo account for beginners. A demo account will allow you to try your hand at trading on the real market without ever touching real money. One of the best brokers to try a free demo account with would be FXTM. If you don’t want to be working with FXTM and want access to a reliable forex broker that offers its services around the globe, alpari offers a similar service, including forex trading demo accounts. If you are a US citizen that wants to trade with local brokers, then you should go for forex.Com, who offer their services within the US and are known to be one of the best brokers in the world.

Transparent pricing and fast, reliable trade executions on over 80 currencies

Start trading with the largest forex broker in the US

How to start forex trading without deposit: tips & recommendations

As a matter of fact, a lot of brokers worldwide try to offer their clients those no deposit deals, and we’ve even seen some trading apps without deposit popping up here and there. Do not perceive this as an act of generosity though, those bonuses serve as a sort of protection for them also. But still, this is good for you if you want to start forex trading without a deposit.

Here are some of the main considerations that can help you spot a decent no deposit bonus:

If you somehow dislike conditions and terms offered by the broker – simply skip the promotion. Let’s investigate the ways that may help you find the best bonus in FX. First of all, bonuses must be easy to understand and transparent in general conditions. If you see non-explicit information presented, avoid the promotion or ask the broker for clarification.

If you wish to take part in the particular promotion and start forex trading without investment, then do not overlook terms and conditions. Even the smallest detail must be in your sight. A free bonus is actually not always 100% free. Some brokers may ask you to deposit some money in order to collect your profits. Indeed, such promotions are scams.

Be attentive, because some forex brokers can demonstrate a good opportunity with their no deposit bonus, however it may ask to complete the trading volume requirement. Stay away from the bonus that asks to complete more than 1 lot for $10 to further unlock the profits and balance.

Bonuses can vary in terms of geographical location requirements. Therefore, ensure that FX bonus accounts of the broker are given in your country as well if you desire to start forex trading without investment. Furthermore, there can be account restrictions. This means that no deposit bonuses may not always be available for every account at a particular broker. Thus, check whether you applied for a correct account.

In addition, make sure what instruments can be traded to withdraw your profit before you begin trading as sometimes FX bonus accounts are not available for some of them. As for the withdrawal, some forex bonus brokers limit the maximum profit available to withdraw from the account. So, do not miss this field before you start trading on your no deposit FX bonus account.

Bonuses are frequently represented only in 1 currency equivalent. However, there are many no deposit bonuses that evaluate a similar amount in your local currency, so doing your research in order to figure out how to join forex trading without making any deposits is a good way for ensuring success in the long run.

Not ready for live trading? Try IQ option demo account!

Practice your trading skills with free $10,000 practice account!

How to start forex trading without a deposit?

As one of the cases, no deposit bonus may come with SMS verification. It is recommended to make sure that you have the right phone number prior to start applying for the bonus.

One of the last tips that can help you find a trustworthy no deposit bonus, or at least help you get through a scammer, is to save the terms and conditions document as a .Pdf file. Do this even if you deal with the best no deposit forex bonus account. You can use the help of your account manager and ask him to confirm all the statements of the bonus promotion in which you participate.

Start forex trading without deposit: introduction to best no deposit bonuses

Although there are very good no deposit bonuses offered by industry leaders and most proficient brokers, you should understand one fact: FX bonuses without a deposit are most frequently offered by bad brokers. That is the very reason why you should be very careful not to get entangled with a scammer.

All this leads to us stressing how important it is to be attentive at all times, so be attentive to details when researching how to start trading with no deposit bonuses. Fortunately, we have examples of the best brokers/investment firms.

Start forex trading without investment: XM forex broker

To begin with, XM is recognized by the united kingdom-based organization – investors in people for its powerful efforts in developing individuals to realize their entire potential and achieve both individual and corporate goals. We should also admit that this organization provides a huge amount of proven tools and resources specially designed to complement its unique framework with an aim to boost performance and indeed maximize sustainability. XM achieves this standard by showing that it is a driving force in the online trading sector and is committed to the provision of services and products of the best quality. How to start forex trading without money? If you are interested, you can claim the XM 30 USD no deposit bonus!

Get your 30 USD no deposit bonus with XM, and start trading today

*clients registered under the EU regulated entity of the group are not eligible for the bonus

No deposit bonus as an alternative – is it worth it?

So, now that you know what no deposit bonuses are and how they work, one question remains active: is it actually worth it to sign up for one yourself? Will you get any significant benefit from it?

The answer to that question is subjective; some traders can definitely find use in this type of promotion by amassing a small account balance and then turning it into a full-blown trading career. But in order to do so, you need to be very careful not to catch a scammer instead of a legitimate promotion issuer.

As for other traders, they often prefer spending their own money, which gives them more incentive to be more careful in the market – after all, it’s their own money they’re risking.

So, suffice to say no deposit bonuses have their time and place; one just has to seize that exact moment.

No deposit

Starting your forex trading with a no deposit forex bonus is an excellent way to start. And that’s because you’re not risking any of your own money. You get a real live trading account, with real money and don’t have to put up any of your own precious cash. Your live account practicing is paid for by the broker. Make a profit and you keep it, lose money and you’ve lost nothing of your own.

*CFD service. 80.6% lose money

What is a free no deposit forex bonus?

Competition amongst forex brokers has started a bit of a trend – forex bonus UK no deposit. A great advantage for all you new traders out there! A forex no deposit bonus is completely free, as it’s the broker who is sponsoring the forex account. All that is required is that you complete an application form for a new account and that account will be credited with the bonus that the broker is offering, meaning you can start trading straight away.
The advantages of this bonus are:

You get to try out the brokers trading platform, without risking any of your hard earned cash

You can practice your trading skills and gain some valuable experience

You get the chance to make a profit but if it all goes wrong you lose absolutely nothing
how cool is that!

But there are some important features of a forex bonus UK no deposit offer that you should keep in mind. Namely that you can usually withdraw any profits you make but in order to withdraw the bonus itself you will have to meet certain conditions. Each broker will have its own specific requirements but as a rule it generally means funding your account with an actual deposit or meeting certain trading volume requirement. Also the no deposit bonus tends to be fairly minimal for example $25 – $50. This should enable you to open only the most basic account, as in a micro account. This small amount of money will actually limit the experiences you can enjoy as trading foreign currencies is much different if you’re trading larger amounts.

How to get your free forex no deposit bonus UK

Each broker will have their own specific requirements but they do have a few things in common. You will have to download the software that the broker features and create an account. It’s not really complicated and you usually only have to provide a few personal details. You then carefully follow the steps given by the broker, which often involves entering a promotional code. There are rules you have to follow and the bonus is only offered for new customers and limited to one bonus per household.

Can you cash out a forex bonus UK no deposit?

The simple answer is no, not straight away. And that’s really understandable. Why would a broker offer a free no deposit bonus if it wasn’t to attract new customers and get them trading. It is usual that a broker will require you trade a number of positions before you cash out any bonus received. But if you’re serious about forex trading why would you want to cash out at all. Don’t worry too much about cashing out such a small sum but instead set yourself a limit of say $10 000 before you cash out.
Having said that don’t turn down the chance of trying a broker offering a no deposit bonus. After all it’s free money!

Tips for profiting from a no deposit bonus

Don’t turn down the chance to make a profit however small the no deposit may be. Even if you make some terrible trades you won’t be losing any of your own money. All the experience you can get will be worth it in the long run.

You’re not risking anything at all so go for it and practice your strategies as often as you can.

Be careful of any conditions the broker may have. Read the small print carefully and make sure you completely understand any specific requirements.

Brokers offer these bonuses to test out their trading platforms and attract new customers so grab this free chance to win.

This is a great opportunity to hone your skills so take it and we’re pretty sure you’ll have no regrets, and hey you could even make some money.

We hope that the information we’ve given you will help you with your new financial venture. All that’s left now is to remind you that trading in foreign currencies is a risky business. Using a forex free no deposit bonus is a great way to start. Don’t make the mistake of jumping in with both feet and putting up truck loads of your hard earned cash. Start simply and practice, practice, practice before you trade for real.

Best no deposit bonus forex brokers 2021

The brokers below represent the best no deposit bonus forex brokers.

Cysec, FCA, FSA(SC), FSCA, labuan-fsa

Your capital is at risk

Ctrader, MT4, MT5, proprietary

Dealing desk, ECN, market maker, no dealing desk, STP

Your capital is at risk

ECN, no dealing desk, STP

Your capital is at risk

Note: not all forex brokers accept US clients. For your convenience we specified those that accept US forex traders as clients.

Tickmill

Regulated by: cysec, FCA, FSA(SC), FSCA, labuan-fsa

Headquarters : 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ.

Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).

GO markets

Regulated by: ASIC, cysec

Headquarters : level 22, 600 bourke street, melbourne, VIC 3000, australia

Roboforex

Headquarters : 2118 guava street, belama phase 1, belize city, belize

Your capital is at risk

*leverage depends on the financial instrument traded and on the client’s country of residence.

Axiory

Headquarters : no.1 corner of hutson street and marine parade belize city, belize

Justforex

Regulated by: not a regulated broker

Headquarters : suite 305, griffith corporate centre, P.O. Box 1510, beachmont, kingstown, st. Vincent and the grenadines

Your capital is at risk

What is a no deposit forex bonus?

A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.

What should I do to get my bonus?

What is the difference between no deposit bonuses and deposit bonuses?

No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.

What other bonus and promotion types do brokers offer?

Other bonuses and promotions may be given out by brokers occasionally.

The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.

Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.

Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.

Conclusion

Bonus name	NO DEPOSIT BONUS
maximum leverage	1:500
bonus type	monthly bonus
minimum funding	no funding is allowed
top up	not allowed
country restriction	malaysia and indonesia only
eligibility	new client ONLY
bonus start date/time	4 th of january 2021 00:00:00 GMT +8
bonus end date/time	29 th january 2021 11:59:59 GMT +8
withdrawable profit	minimum withdrawal USD30 maximum withdrawal USD100 *based on the T&C below
withdrawal profit period	until 29th january 2021 23:59:59 GMT +8 or until all the amount USD100,000 has been fully withdrawn by our clients.

Bonus terms & conditions:

This NO DEPOSIT BONUS (hereinafter the “bonus account”) is open for new clients ONLY will be able to claim USD 30 as a “credit” into their live trading account with profitto.

NO DEPOSIT BONUS is subject to the terms and conditions contained in the present document and subject to all existing profitto terms and conditions. The date and time which stated below are according to GMT +8.

General

The bonus period starts from 4th of january 2021 00:00:00 until 29th of january 2021 11:59:59 GMT + 8 (ending time subject to change).

By registering, opening a NO DEPOSIT BONUS account, and or accepting the terms and conditions within the applicable landing pages and/or client member’s area, the trader is acknowledging that they have read, understood and agree to be bound by the terms and conditions of this bonus.

This bonus is eligible for new clients ONLY and they will be able to redeem USD30 as a “credit” into their “NO DEPOSIT BONUS” trading account, and who traded with any currencies pair, precious metals and exotic pairs ONLY.

This is a NO DEPOSIT BONUS.

No employees of the company should participate in this bonus.

The maximum leverage with this bonus is 1:500.

Maximum bonus account that can be created for each client is up to 1 NO DEPOSIT BONUS trading account for each client’s profile.

Please be informed that we will close PROFITTO MALAYSIA DAY account on 30th january 2021 00:00:00.

Minimum profit can be withdrawn is USD30 and maximum profit will be USD100 with minimum lot size traded is 2 standard lots and transactions amount to 10 trades or above (closed trades). Once withdrawal has been requested and approved, the credit bonus will be taken out.

There is no IB commission will be paid for all trading coming from NO DEPOSIT BONUS account.

Please be informed that once you have withdrawn your profit, the credit bonus will be taken out.

Please be informed that the last date to withdraw your profit is until 29th of january 2021 23:59:59 GMT +8.

Please be informed that maximum withdrawable profit is up to USD100,000. We will announce once all the amount have been fully claimed by our clients.

Procedure of participation

Register an account with us start from 25th of december 2020 will be eligible for NO DEPOSIT BONUS. Credit bonus will be given start from 4th of january 2021 00:00:00 until 29th of january 2021 23:59:59 GMT + 8.

In the cabinet area, click on open live account and select “NO DEPOSIT BONUS” trading account.

Claim your NO DEPOSIT BONUS by sending us an email or open helpdesk ticket from your cabinet.

Trade on ANY CURRENCIES PAIRS, METALS and EXOTIC PAIRS ONLY.

Bonus

Day trading with bonus funds can give your account a boost. From no deposit bonus schemes to explaining why free bonuses are usually not free at all, we explore the bonus and promotion offers at a range of brokers. We detail the types of bonus available, why forex trading bonuses might differ and which strategy can maximise bonus returns. We also reveal why the key to bonuses is always to read the terms and conditions…

This page also lists all bonus offers and similar promotions available to traders in the united kingdom 2021.

Bonus offers january 20 2021

What is a bonus?

A bonus provides you with free money for trading and is normally offered by a broker as an incentive to attract new clients who can then try trading with little or no risk.

There are different types of bonus offers and requirements for getting the bonus paid out to your account. We detail these below.

No deposit bonus

The “no deposit bonus” is the most lenient of bonuses, as it does not require you to deposit any funds at all before you get the bonus. Normally a broker wants you to at least deposit some funds with them before you can get your bonus, but with a “no deposit” bonus they allow anyone to get the bonus after creating a new account.

Note that there might still be requirements to fulfil before you can get your trading profits paid out, and those requirements might be stricter for this kind of bonus than for others. Normally you have to trade a certain total volume before you can withdraw the profits derived from the bonus money.

Considering how generous it is to hand out free money to new traders, that makes a lot of sense. Make sure you are ok with those requirements before you sign up.

Welcome bonus

A “welcome bonus” is a way to reward new traders who sign up for an account, to make them feel welcome and to make it easier for new clients to start trading right away. A welcome bonus might require you to make a deposit, so make sure you agree with the bonus requirements before you sign up.

Deposit match bonus

The “deposit match bonus” will match a percentage of your deposit, up to a certain maximum amount.

For example, if the bonus is a 30% match up to $5,000, and you deposit $1,000, you will get an additional $300 from the broker ($1,000 * 30%). With this example offer the most you can get is $5000, which you would get when depositing at least $16,667 ($16,667 * 30% = $5,000). Even if you deposit more than that, you will still only get the maximum $5,000.

Note – we have seen alternate definitions of the maximum amount, where 30% match up to $5,000 would rather mean that even if you deposit more that $5,000, you will only get the 30% paid out on $5,000. In other words, the maximum amount pertains to the maximum deposit on which you will get the 30% bonus, and NOT how much bonus you can maximally get.

OBS! For a serious trader the distinction between the two maximum amount definitions can make a big difference, so make sure you understand the requirements before signing up and depositing.

Considerations

Most bonus types have requirements regarding how much you have to trade before you can withdraw profits. For some traders this is ok, while to others it becomes a source of frustration.

Due to bonus abuse by many unscrupulous traders, the requirements have by necessity become so strict that you might be better off without one. However, it’s impossible to give individual advice, as it comes down to how much money you want to trade with and how long you can wait before you make a withdrawal.

In the long run a bonus will not make a huge difference to many traders, and might make things feel more complicated and thus spoil the joy of trading. Only use a bonus if you feel it makes sense to you personally.

Do I have to accept a broker's trading bonus?

Normally you don’t have to accept a bonus deal just because a broker is offering one. You might have to explicitly opt out of a bonus however, so make sure to check the terms and conditions when signing up.

Is a bonus basically free money?

While a bonus offer can sometimes sound like free cash with no requirements involved, there are always terms and conditions attached. If this wasn’t the case, what would stop dishonest traders from just withdrawing the funds without trading?

Forex no deposit bonus in malaysia and how to profit from it?

As a first-time trader in malaysia, entering into the forex market which primarily speaks the currency of USD may seem like a risky prospect due to the high exchange rate from MYR to USD. Besides a demo account, what are the other ways you can trade with? The way we malaysians can do it is with a no deposit bonus, which is no pre-funding required by the broker, offering traders a certain amount for free to trade.

How forex no deposit bonus works in malaysia?

For most of the brokers, you only must register an account and start using their platform for them to start giving you a free bonus to try out. This is usually a strategy that many brokers use to attract people to try their platform and then turn them into a client. The bonus that you’ve received from the brokers, the profits that you’ve traded with it will go to you if you’ve satisfied the platform’s terms and conditions.

How to trade with the no deposit bonus account?

1. Try out the platform

Similarly to using a demo account, the no deposit bonus is a way for you to test the functionality of the platform. The benefit from this is that you directly experience the movements of the market as you are trading with real money. Before you deposit extra into the platform, test a few other platforms at the same time to make sure it is the right one for you and it suits your trading needs.

2. Patience and confidence

Although it is a no deposit bonus, build a mindset as if you’re trading with your own money. Trading requires patience and not an overnight success, so remember to use the bonus to make calculated trades and improve upon your strategy. This not only to improve your skill sets but also your confidence as every trade you’re executing, it has to be a trade that you believe in.

How to choose the best broker that offers no deposit bonus in malaysia?

A note to malaysians, the forex brokers that offer the best bonuses doesn’t mean it is the best platform available, which is why do compare the forex broker side by side to make sure it is what you’re looking for. To choose the best broker, there are a few criteria to evaluate:

1. Regulations

A platform may offer you a bigger no deposit bonus, but all will go into waste if the platform is an illegal forex scheme, and your deposits and profits made later on will all be gone. To prevent this, make sure the broker is regulated by a governing body. Locally, there is the bank negara malaysia (BNM), and internationally there are those such as financial conduct authority (FCA), the cyprus securities & exchange commission (cysec), and more.

2. Bonuses

Although the bonuses are not the most important, it should at least be $20 (around RM85) so that you still have a sizable amount to do some trading.

Take this quick quiz to help us find the best path for you

3. Terms and conditions

Most platforms will lure you with good bonuses, but it is also important to understand the terms and conditions before you sign up for it. For example, a broker may offer you $50 as a no deposit bonus, however, the profits that you make from the $50 can only be withdrawn if you deposit another $200 from your pocket. So do make sure you’ve done your research before you jump into the platform.

Best forex brokers in malaysia that offer A no deposit bonus:

Tickmill: $30 no-deposit bonus

XM: $30 no-deposit bonus

The selection of these brokers is based on the recommendations stated above:

1. TICKMILL

TICKMILL is a top 3 rated broker, it is highly rated for its wide varieties of asset classes to be traded such as forex, commodities, and more. One of the reasons is due to its regulation. It is regulated by the seychelles financial services authority (FSA), financial conduct authority (FCA), and the cyprus securities and exchange commission (cysec).

TICKMILL offers a $30 no deposit bonus. For malaysian clients, all you are required to do is to open a trading account with the broker and provide the necessary information, then you will receive your no deposit bonus.

The broker supports metatrader 4 (MT4), an electronic trading platform that is popular among malaysian traders, the platform can be used via web or phone. Malaysians also get to enjoy using the platform in bahasa melayu, with customer support in malay as well!

To withdraw the profits made from the $30 no deposit bonus, malaysian clients will need to deposit $100 into the MT4 trading account, so that you can withdraw the profits made. The no deposit bonus also can only be used for trading.

2. XM forex

XM forex is a well-known broker due to its low minimum deposits. It is well regulated by a few international regulating bodies. It is regulated by the international financial services commission (IFSC), cyprus securities and exchange commission, and the australian securities and investments commission (ASIC).

XM forex offers a $30 no deposit bonus. For malaysian clients, all you need to do is to register an account with XM forex and register then verify your phone number, then you will be receiving your $30 no deposit bonus within 24 hours. With XM forex, malaysians also get to enjoy customer support in malay and also the platform in bahasa melayu as well!

To withdraw, XM forex has its own terms and conditions as well. For the client that has registered, you can only receive the no deposit bonus once. The no deposit bonus can only be used for trading purposes. Take note that you can only withdraw the profits on the condition that you trade at least 0.1 standard lot or 10 micro-lots in 5 round turntables.

Conclusion and thoughts

Forex no deposit bonuses have its pros and cons, it is important to utilize it in a way that can be beneficial to your trading journey. To fellow malaysians, never get drawn up to greed to all of these bonuses and open new accounts nonstop, it is more important to build consistency with a platform that yields the best results for you. Remember, brokers that offer a large amount of money may be too good to be true, so always beware and go through the few evaluation criteria stated above. As always, have fun trading!

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Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading cfds with this provider . You should consider whether you understand how cfds work, and whether you can afford to take the high risk of losing your money .

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1. These terms and conditions (the “terms”) form the basis of the mitrade global pty ltd trial bonus promotion (the “promotion”). By participating in the promotion, you agree to be bound by these terms. Mitrade global pty ltd (“mitrade”, ABN 90 149 011 361, AFSL no 398528) is the provider of this promotion. Mitrade reserves the right to vary or cancel any of these terms at any time, subject to applicable laws with or without prior notice.

2. The terms used but not defined herein have the meaning given to them in the mitrade global pty ltd product disclosure statement (the “PDS”) and/or client agreement (the “CA”), and references to the PDS and/or CA below shall be construed accordingly.

3. Mitrade will offer this promotion to new customers who have opened a new live account during the period of promotion in condition 5 (the “eligible customer”) at its own discretion. All new accounts are subject to approval as per mitrade’s account opening procedure. The promotion is only available once for each eligible customer and does not include multiple accounts being opened by the same customer.

4. The promotion is limited to a maximum of 300 eligible customers on each calendar day in all of the regions/countries where mitrade may offer products and services. Eligible customers are chosen in a random manner in accordance with the term 3 above.

6. Subject to the base currency of the trading account, an eligible customer can apply to receive AUD$50 or USD$50 (the “trial bonus”) after having satisfied all account opening criteria as determined by mitrade in its absolute discretion. Mitrade will activate and deposit the trial bonus to the eligible customer’s trading account as soon as practicably possible and no later than 1 hours after accepting your application. The trial bonus will be displayed on the trading platform for your reference.

7. The trial bonus itself cannot be claimed or withdrawn. All trial bonuses expire after 48 trading hours of activation. The count-down timer of the trial bonus will be displayed in the trading platform for your reference.

8. In order to claim the trading profits from the trial bonus, you must satisfy the minimum trading requirements represented by the trading points within 48 trading hours of activation. You must satisfy at least 1 trading point ("TP") as defined in the symbol and TP table .The trail bonus and the profit exceeded maximum claimable amount will be withdrawn by mitrade after the event has ended. (no trading points will be given for trading share CFD products.) in general, 1 lot in FX and commodities is counted as 1 TP and 1 lot in indices and other instrument is counted as 0.2 TP. Trading points are awarded only based on closed positions. (for example, opening a position of 1 lot EUR/USD and closing the same position is counted as 1 lot in total). Positions opened using trial bonus will be automatically closed when the trial bonus expires. After the trial bonus event ends, the pending orders set by the customer during the trial bonus event will be automatically cancelled.

9. The trading requirement under condition 8 must be strictly completed before the trial bonuses expires under condition 7.

10. The maximum of profits you can claim under this promotion is AUD$50 or USD$50.

11. During the event, you can only submit a deposit/withdrawal request after you have ended the event, and the $50 AUD/USD trial bonus will be withdrawn from your account by mitrade.

12. The trial bonus promotion is an independent event. This means that the trading points you have acquired from this promotion will not be counted towards other promotions.

13. All trading decision are yours. Mitrade will not be held liable for any losses incurred on your account under this promotion. Any dispute or situation not covered by these terms, will be resolved by our management in a manner it deems to be fairest to all concerned and that decision shall be final and binding on all parties.

14. This promotion and any obligations of mitrade pursuant to it will be revoked or withdrawn from participants who abuse the spirit or intention of it, or who breach PDS or CA. We reserve the right to cancel or terminate the trade, and to cancel or withdraw the promotion at any time in case of any suspected abuse of the promotion.

15. If at any time, all or any part of any provision of these terms are or become illegal, invalid or unenforceable in any respect under the law of any jurisdiction, such provision(s) shall not affect or impair the legality, validity or enforceability in that jurisdiction of the remainder of that provision or all other provisions of these terms or the legality, validity or enforceability under the law of any other jurisdiction of that provision or all other provisions of these terms.

16. These terms shall be governed by and construed in accordance with the laws of victoria, australia and shall by subject to the jurisdiction of the victorian courts.

No deposit bonus

Getting ready to start your trading without committing an investment.

No deposit bonus for newbies to try out services to start earning profit without risking any of their funds

Bonus available for philippines clients

No deposit bonus of the amount of $25 is available for philippines clients with live trading account with verified status. No need to deposit to claim the bonus.

After getting the bonus you will able to start your trading to earn more profits with zero investment.

TO CLAIM THIS BONUS , FOLLOW THESE STEPS:

(register a live trading account. He accepted account currencies to claim bonus are USD)

Verify the live account by sending appropriate documents mention on member area.

Claim bonus once your account is verified.

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We have carved a reputation as a leader of the revolution in online trading by providing a reliable, user-oriented trading environment built on the most advanced platforms. As we continue to grow internationally and establish ourselves as a global brand, our main priority will remain your profitability, your success and your happiness as our clients and it always will be.

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Risk warning: CFD’s and foreign exchange (FX) traded on margin carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade because you can lose some or all invested capital. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

So, let's see, what we have: FX empire’s top picks for the best forex brokers with no deposit bonus. We evaluated online brokers for their regulations, trading platforms, customer service, account types, commissions and more. At no deposit trading account