Top 10 forex brokers with no deposit bonus
Points system: the forex broker point systems can also be based on loyalty programs.
New forex bonuses
Top 10 best forex brokers with bonus and promotions for 2021
Top rated:
Are you on the lookout for the best forex brokers with bonus and promotions to offer?
They can be tricky to find, but if the answer is yes, then you are certainly in the correct place. Here we will give you all of the information you need, not only on the top recommended brokers if you are looking for a bonus, but also what these promotions mean, and how they can best work to your benefit as a trader.
With that in mind, let’s take a closer look at the best brokers we have found that can offer bonus and promotions to you as a trader.
Are these bonuses really free money?
Although it may be hard to believe at first, it is true. The bonuses really are free money that is sent to your account by the broker. Now what is often asked is, can I withdraw these bonus funds?
Generally, the answer is yes with most top brokers. Their policy will vary though and in many cases, there are certain trading criteria that you must meet in order to withdraw the bonus funds from your account.
What should I check when choosing a bonus?
There are a couple of very important steps that you must run through when checking the bonus that you should choose, and the broker who is providing that bonus.
First off, it is vital that you read the terms and conditions carefully, so you know exactly what is on offer. Added to that, it is important to consider the whole offering of a broker. This means not only the bonus amounts, but what else they have to offer such as spreads, minimum deposits, and more.
Please note that the following bonuses may not be available in every country, and that brokers are not allowed to offer these to customers based in the EU or UK due to local regulatory restrictions. Read T&C before applying to a bonus.
Top 9 forex brokers with bonus and promotions
Here are the top 9 forex broker bonus and promotion offers we have found available:
1. FBS
FBS is the first broker to make our listing for having some of the top promotions and bonus offers in the industry. They are well-known as being a very respected broker around the world, and they have a huge amount of bonuses on offer.
At FBS you can win a wide range of prizes from holidays to new cars, and you can also double your deposit with the great FBS 100% deposit bonus they have in place. An FBS no deposit bonus is also available at no-risk at all to your funds as well as a cashback bonus if certain conditions are met. The FBS bonus offering continues to grow and expand with many contests and challenges also available where you can win cash, trips, and VIP event invites. They also run contests directly on social media like facebook where all you need to do is share posts with your friends. These are just some of the reasons why FBS is a top bonus broker for all traders.
XM is another top international broker, and one of the most easily recognizable in the industry. They too offer a strong range of bonuses and promotions. These start with an excellent $30 no deposit bonus which you can use for completely risk-free, real money trading.
Beyond this you will also find a deposit bonus of up to $4500 which means your deposit will be matched by the broker with free money up to this high value. Aside from those regular types of bonus offerings, XM also runs a lucky draw which has a huge total value of $1,000,000. As a regular trader with the broker you can also join their loyalty program which is points based. You can redeem these points through your trading actions to obtain a wide range of great benefits with the broker.
Please note that these bonuses may not be available with every XM entity
3. Instaforex
Instaforex is the next broker to make the top list of brokers providing bonuses and promotions. They too are very well-trusted by a broad range of traders across the industry. They start their bonus offering with one of the very best no deposit bonus offers in the sector. This is the instaforex $1,000 no deposit bonus.
Further to this monster bonus offer, the broker also provides a deposit bonus of 30% so you can always receive an additional 30% on top of your initial deposit as risk-free bonus funds to trade with the broker. Added to this, instaforex makes a huge range of contests and challenges available where you only need to have a demo account to participate and win. Here you can win a great range of physical prizes including cars, money, and much more.
4. Fxopen
The next broker on the list offering top promotions and bonuses is fxopen. They kick their bonus offering off with a $10 no deposit bonus. This is great if you are new to trading and looking to try out the broker with no risk at all to your own money.
Another great offer for beginners is the $1 welcome bonus on micro accounts. This makes sure you are covered to trade with free money, even at lower risk levels. Like many of the other brokers they also provide access to a large number of trading contests with a unique prize attached. This prize is that if you reach a certain benchmark of profit in the contest with virtual funds, they will then turn 10% of these funds into real money for you to trade with. A very attractive bonus proposition indeed from this popular broker.
5. Roboforex
Roboforex are in on the act too as another respected top broker offering bonuses and promotions to their traders. The excellent bonus infrastructure here starts with a deposit bonus that can be either 10%, 60%, or a huge 120% depending on how much you are depositing.
The offers do not stop there with roboforex either. Just for joining the broker, you will be entitled to a $30 welcome bonus. This can be used for completely risk-free trading on the markets of your choice. You will also be entered into weekly and monthly contests which are free to enter but where you can win real prizes on both demo, and live accounts. Regular traders are not forgotten either with cash rebates stretching up to 15% based on how much you trade.
6. Hotforex
Hotforex are one of the cornerstones of the industry and regularly feature as a top broker in many listings. They too have a very strong bonus infrastructure though it may not be available in every country the same. This is particularly true in europe.
Outside of that though, their offer is strong. They provide a number of unique bonuses the first of which is a 100% credit bonus. This acts to double your deposit with completely free bonus funds. They also offer a very unique 30% rescue bonus. This bonus protects your funds from drawdowns up to $7,000. The 100% supercharged bonus is one of their most popular though. This provides for a huge amount in cash rebates that can reach up to $8,000, on top of a 100% deposit bonus. All of these great offerings maintain hotforex as a very popular bonus broker of choice.
Please note that these bonuses may not be available with every XM entity
7. Octafx
Octafx is another popular, and rapidly growing name in the sector. They are not stepping back when it comes to offering a bonus either. If you are trading with this broker, the first thing you may want to try out are some of the demo account contests.
These great contests come with prizes of up to $500 real cash if you are trading through metatrader, and $150 if you are using ctrader. If these pique your interest, then you can decide to deposit for real, and benefit more from a 50% deposit bonus which is on offer. On top of this, there are many other prizes including merchandise to be won from a broker who is strong, trusted, and growing all the time.
8. FXTM
FXTM is one of the biggest names in the industry. They have also not forgotten a strong bonus infrastructure, and for this reason, they too feature on our list of the best brokers for bonus offers and promotions.
At the core of the FXTM bonus offering is their excellent loyalty program. Here, the more you trade, the more you can get paid. At the maximum level you have the ability to earn as much as $10,000 from the program. Also offered by the broker are a great range of both demo and live trading contests where you can compete against your fellow traders to win top prizes.
9. Vantage FX
Vantagefx is next in our selection of the best forex brokers who offer a good range of bonus systems. Here you will be able to take advantage of a 50% deposit bonus that will allow you to trade risk-free with bonus cash from the broker based on how much you deposit.
Vantagefx also offers a great and very rewarding loyalty program where you can avail of 10% rebates on your trades up to $2 per lot traded when you deposit at least $1,000. With the broker and this program, there is no limit on the trade size at all. The higher the lot size you trade, the higher your bonus will be.
Different type of bonuses
When choosing your forex broker bonus, it is also important to keep in mind that there are many different bonus types available. Here is a more detailed look at exactly the kind of bonuses that are offered by brokers:
Forex deposit bonus: the forex deposit bonus is a certain amount of money offered as a bonus based on the amount which you deposit. In the case of many brokers, this can mean matching your deposit amount with an equal bonus amount.
Forex no deposit bonus: A forex no deposit bonus, as you might gather from the name, is a bonus which is offered to you with no deposit required. In most cases, you simply have to complete the registration process. This money is free and can be used in real trading at no risk to your own money.
Welcome forex bonus: the welcome bonus can be similar to a no deposit bonus. You will get a bonus money amount for completing registration, and in some cases based on the amount of your first deposit.
Loyalty program: A forex broker loyalty program, just like any other, is usually based on how much you use the service. In this case, the more you trade, the more you will be rewarded by such programs. These rewards could come in the form of lower trading costs, additional premium trade tools, physical prizes, access to live events and meetings, and much more.
Points system: the forex broker point systems can also be based on loyalty programs. With these systems, the more you trade, the more points you will earn. These points can then be used to access monetary prizes, cars, vacations, and more.
Cash back and rebates: cash back and rebate programs are also a very common form of bonus. Just as the name suggests, with this form of bonus, you can earn money back for each lot you trade.
Money protection bonus: this is not a very common form of forex broker bonus, though it exists, nonetheless. This kind of bonus from your broker actually protects your funds from reaching a certain negative level, and in some cases, anything beyond this negative point can be refunded.
Forex contest prize: there are a wide range of brokers who organize contests which you can participate in with virtual funds against other traders. If you win some of these contests through making the most profit from virtual funds, then you can win all kinds of great prizes including cash, cars, and more.
Why do brokers offer forex no-deposit bonuses and other bonuses?
There are several reasons why your broker may offer a no deposit, or other type of bonus. One of the primary reasons for this is to create value for you as a trader, and to attract new traders to the industry and that broker.
This method is accepted in many parts of the world, though not in europe. Within the EU, the offering of the majority of these kinds of bonuses is not allowed by the regulator. ESMA does this in a large part to protect beginners from getting involved in trading without the proper knowledge and ultimately losing their money.
Tips on how to choose a bonus and a broker
If you are thinking about choosing a forex broker, the bonus is just one element of this choice, and it should not be a large factor in your decision-making process. First and foremost, you have to choose a broker who is trustworthy, and well-regulated. Luckily all of the brokers on our listing are both of these things.
Once you have done this, then you can think about the bonus they are offering, but do not make your choice based on the broker bonus alone. You have to consider all of your trading needs. In this case, you may want to try out a broker first. This would be a great time to select a no deposit bonus broker so you can try out their real trading at no risk to you.
No deposit forex bonus brokers - 2020
No deposit forex bonus is one of the most desired forex bonus and promotions by forex traders because you can trade without depositing your own money. Forex brokers offer many types of bonus and promotions to attract more clients or to reward the clients for choosing them as their broker. Free forex bonus and promotions certainly benefit the clients since they allow the clients to trade with a larger balance than they have deposited.
What about forex no deposit bonus 2020?
Of course, I am assuming that the broker is not a scam. Because, there are tons of scam brokers out there who allure novice traders through attractive bonuses just to fraud them at the end by rigging the trading conditions or simply pocketing the client’s deposit.
Therefore, free forex bonus and promotions should not be your only criteria when choosing a forex broker. Regulation, trading conditions, reputation and customer services are some of the other features that every trader has to take into account on the road to pick a suitable forex broker for yourself.
What is no deposit forex bonus?
There are many forex bonuses offered by brokers, some of them being granted to the traders post-trading, and others being rewarded to the trader’s forex account conditional on a certain amount of deposit or trading checkpoints. Deposit bonus, welcome bonus, redeposit bonus, rescue bonus and volume bonus are examples for different types of forex bonuses.
In addition to those, there is another type of free forex bonus. This forex bonus is credited to the trader’s account without any initial deposit or other condition whatsoever. Well, of course there is one condition; opening a forex account with the broker. As soon as you open the trading account, you will be rewarded with a free bonus. This type of forex bonus is called no deposit forex bonus.
No deposit free forex bonus brokers in 2020
Why is no deposit free forex bonus important?
No deposit free forex bonus is a great opportunity for beginner traders to gain experience without risking their real money. Besides, it allows seasoned traders to evaluate the services and live trading conditions provided by the broker before depositing money into their trading account.
Since it is not your own money, it will not hurt you financially and emotionally in case you blow up the account. The bonus is also very useful for traders who wish to develop and test new trading strategies without investing and risking their capital.
It is a common exercise followed by the forex brokers to provide different trading conditions in terms of spread, execution time and slippage between demo and live trading accounts. Therefore, trading with a demo account may mislead traders regarding the trading conditions that come with a live account. No deposit forex bonus allows traders to experience a live trading environment with the actual conditions.
How to choose the best free forex bonus?
It is never an easy task to choose a forex broker. I always emphasize the inappropriateness of choosing a forex broker solely due to the appealing free bonus and promotions. Never pick a forex broker just because it gives you a higher percentage of free bonus than the other brokers do.
- Prefer a regulated forex broker
Regulation must be the first and foremost quality of a forex broker that you are going to trade with. You should always put regulation and license above all else when selecting a forex broker. I don’t recommend openening an account with an unregulated forex broker no matter how good the bonus and promotions are offered. After all, what is the use of a free $5000 bonus if you will not be able to withdraw your capital from the forex broker?
Another point to keep in mind is that many unregulated or poorly regulated forex brokers use free forex bonuses as a tool to attract more clients just to fraud them. Those are the scam forex brokers that you have to stay away from no matter how big bonus and promotions they pledge.
- Consider the trading conditions
Spreads, execution time and slippage are going to have a decisive impact on the fate of your trading strategy. Free forex bonus and promotions are very alluring however the trading conditions may be against your advantage just to strip you off the benefits of the bonus. In another word, the brokers may give you the bonus but may not let you benefit from it through adverse spreads, execution time and slippage.
- Read and understand the terms and conditions
Forex bonus and promotions usually come with certain terms and conditions. Some forex brokers let you enjoy the free bonus without verifying your trading account while some others require you to validate your account first. Some forex brokers even allow you to withdraw the free bonus conditioned on certain prerequisites.
Therefore, it is always a good idea to read and understand the terms and conditions of the no deposit bonus to avert an unpleasant surprise afterwards.
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
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.
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.
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.
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.
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.
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.
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
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.
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
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.
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.
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.
No deposit bonus forex brokers list
Here you will find the latest best offers of forex brokers giving genuine no deposit welcome bonus for free in 2021 : find the highest bonus and the biggest promotion. Terms and conditions apply. Find below the forex brokers that offer welcome bonus or NDB, no deposit bonus required.
Risk warning: your capital is at risk. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
What is a no deposit bonus ?
A no deposit bonus is an amount of money that is deposited in a live trading account by the broker for free, it is a promotion that is generally offered by some brokers for new customers who register a new real account. Every client is generally entitled to receive the no deposit bonus only once. I order to receive a no deposit bonus, you have to follow the process of opening a new live trading account, fill in an application, verification of your email, verification of your phone number. It is quite rare to have a tradable bonus without verification. The verification procedure is quite simple: all that you need is to upload the scanned copy of a document proving your identity. Sometimes you have to claim the welcome bonus. Then the free welcome tradable bonus is credited to your account, and you can test the trading platform and do some trades. Bonuses are generally credited on a micro account, it is rare to have it on a ECN account. In some regions or countries, an alternate promotion may prevail. Finally, sometimes you have a certain number of days to use the bonus before it is rendered unavailable.
Withdraw profit
In most of cases, you can withdraw profit but it depends on terms and conditions. Sometimes, you have to reach a minimum profit, or you have to do a certain volume of trades. For instance, the profit shoud be allowed for withdrawal when the trade volume of both buy and sell trades are equal to X lots where X is the total amount of the bonuses received. There could also be a maximum amount of profits that the client can withdraw if they haven't made a first deposit yet.
Bonus withdrawable
The bonus is not always withdrawable, it depends on terms and conditions. When it is possible, brokers provide flexible conditions, customers can withdraw bonus funds in case of efficient forex trading. Most of time, you have to reach a minimum volume of trades to make your bonus withdrawable. It could also happen in some terms that bonus could become withdrawable only if you make your first deposit, it is also called payment method verification.
Risk warning: investments involve a high level of risk. It is possible to lose all your capital. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: belgium · france · japan · latvia · turkey · united states ·
Forex bonus – no deposit required!
Current no-deposit bonus promotions:
AGEA – $5 account – no deposit required – verified
Caesar trade – up to $100,000 bonus – no deposit required. Service fee is to be paid in order to receive the bonus.
Forexcent – $5 account – no deposit required
Fort FS – $5 account – no deposit required
FW markets – $10 account – no deposit required
Fxgiants – $35 account – no deposit required – verified
Fxlider – $50 account – no deposit required
Fxopen – $10 account – no deposit required – verified
Fxplayer – $100 account – no deposit required – – beta platform
Fxprivate – $30-$50+ account (amounts vary for different countries) – no deposit required
Hirose financial UK – $10 + $20 account – no deposit required – verified
IK trust – $69 account – no deposit required
Instaforex – $30-$50+ account (amounts vary for different countries) – no deposit required
Paxforex – $7 account – no deposit required – verified
Paxforex – up to $20-$40 account – no deposit required – for forex blog owners
Plus500 – $25 account – no deposit required – verified
Roboforex – $15 account – no deposit required – verified
Stforex – $10 account – no deposit required
Vertical markets – $100 account – no deposit required
XM – $30 no-deposit bonus – verified
Find the full list of bonuses at: bestforexbonus.Com – forex no-deposit bonuses
Affiliate links, affiliate self-promotions and other bonuses that don’t come directly from forex brokers will not be published.
What exactly is a FREE no deposit bonus?
A vigorous competition for new clients among forex brokers has created a new trend – no-deposit forex bonuses, which is certainly going to benefit many novice investors when starting to trade the forex market.
A so called “no-deposit bonus” is a totally free, broker sponsored funding of trader’s new live forex account.
All you have to do is fill in an application for opening a live trading account with a broker, and your new forex account will be credited with real USD – the bonus money to start trading in the real market immediately. No deposit is required on your side!
How cool is that?! It is, in fact, a real value deal:
– you get to try out broker’s platform
– you get to test your trading skills & get some experience
– you can make money on top or, if it goes wrong – lose nothing
However, there are also few other facts to know about no deposit bonuses:
– while the profits you make in trading are withdrawable, the bonus money itself, as a rule, can’t be withdrawn without meeting certain conditions (trading volume, further account funding etc.).
– no deposit bonuses are known to be quite small, around $25-50, which is good for a micro account. Traders should understand that their trading experience on a micro level might significantly differ from trading with a larger portfolio due to higher financial risks involved. Proper money management of each: micro, mini and standard accounts require additional experience.
It’s NOT a no-deposit bonus, when:
– in order to start trading with free bonus money you’re asked to deposit own money;
– when profits made during trading are not withdrawable. To be able to withdraw the bonus money itself, you can be asked to meet certain conditions (trading volume, further account funding etc.), but this should not be the case, when you wan to withdraw profits only.
The good and the bad: brokers learn from mistakes
As practice shows, offering a no-deposit bonus is a fast and 200% times efficient strategy to promote your brokerage: within several days to a week everyone knows your name, even if the company is brand new. However, it’s not that simple as it may look – a badly planned/executed promotion can backfire and ultimately start building a negative reputation around the company. Therefore, we recommend that brokers carefully study pros and cons of running a no-deposit bonus promotion in order to not repeat mistakes made by others.
We’ve prepared a few suggestions to help brokers plan their no-deposit promotions with a positive outcome:
1. Make sure you call your promotion by its name, see the paragraph above “it’s NOT a no-deposit bonus, when”. If you want traders to make a deposit in the end before any withdrawal, call it a “deposit bonus”. This way you won’t be accused in running a wrong non-useful promo.
2. Define the circle of traders who is eligible to receive a no-deposit bonus in advance: decide whether it’s going to be a worldwide promo, or an offer for certain countries. Again, this sets clear rules and cuts out any negative feedback from traders who are ineligible for a no-deposit bonus.
3. Don’t change your no-deposit bonus rules after the promo has began. News about the bonus spread fast, and once traders start discussing it, you don’t want them to rave about new (often more complex/tight rules) that has been added midway.
We wish you success in running your next no-deposit bonus promotion!
Forex no deposit bonus
As the name, it is totally free and the broker will sponsor the trader’s for the live forex trading account.
Use the table blow and choose a broker to receive no deposit bonus.
Deposit: $10 leverage: 1000:1
Deposit: $50 leverage: 1:50
Deposit: $50 leverage: 1:1000
What you need to know about no deposit bonuses
It is while the traders make profits can be withdrawn but it is not just the bonus money that can be withdrawn. This is just like a rule most of the brokers have. They can’t be withdrawn without specific criteria like trading volume, account funding.
The no deposit bonuses are considered to be very small approximately in the range $25-50. This is really good for trading account for novice traders. Traders have to understand about their experience on trading is at micro level.
This might really differ from the trading when done at a bigger and greater portfolio due to higher risks that is involved in it. Proper money management of the trading accounts will definitely require more experience.
Learning from mistakes
As a general practice in the forex trading brokers, they offer a no-deposit bonus very fast to the customers and they promise that they will assist 200% times efficiently along with the strategies to make more profits. And very shortly you will become benefited and get to what you expect.
But there are some times when the strategies are planned and executed badly that can even bring in backfire that can straight away start creating a bad reputation. In our website we also recommend the brokers to carefully research the benefits and the issues in running no-deposit bonus offers so that no mistakes can be made by others.
Following are little information to help the forex brokers so that they can plan for their no-deposit bonus promotions along with a good outcome:
Forex lot sizes
Along with this, they have to set accurate rules and policies in order to avoid any negative outcome from the traders who are not qualified for receiving the bonus.
Secondly the no-deposit bonus rules should be unchanged post the promo. It happens that the update on the bonus spread so quickly and when the traders’ starts to discuss on it, brokers don’t require them to provide bad review on the offer that has been added recently.
Hedging with forex bonuses
Quite a lot of people will hedge their trades when they have claimed a no deposit trader bonus, however this is going to take some practise if you have never done this before and as such we shall give you a quick insight into how you may be able to hedge your trades in this way.
The first thing that you need to be aware of when claiming a no deposit bonus is that there will be some rules in regards to the volume of wagers you have to place with your bonus funds before they are turned into real money credits.
You will always find this information on the terms and conditions attached to the bonus on the website for the broker offering them, and as such that is where you should look to find them and then give them a good read through.
How it may be possible to hedge bonus funds is for you to take a look at what several different forex brokers are offering by way of their new trader bonuses and then claim the two bonus which will give you the highest percentage of bonus funds once you have signed up and claimed the no deposit bonuses at both of those two sites.
You then need to pick out a series of forex trades and then place a trade on both sides of those trades with the aim of having one of them being a winning one and obviously the other trade will be a losing one.
By hoping you winning trades are all placed at one forex broker then you may find that after placing a series of winning ones you then will have turned your bonus credits into real money credits and then can cash out those winnings.
What other bonuses can I claim
There are going to be a large number of additional trader bonuses that you are going to be bale to make use of when you are a newly signed up trader at several different forex brokers, however it is also worth noting that many forex brokers will also give you access to ongoing bonuses and promotional offers.
We shall now enlighten you on a few additional bonuses that you are going to be able to claim at several different brokers, in fact do take a good look around our website for details of what bonuses are currently available from each of our approved brokers, as some of them are very large in value.
A deposit bonus is going to be available at many forex brokers and these types of bonuses tend to be the most generous ones available, and will give you access to a very large amount of bonus funds when you make a deposit into those brokers.
In fact, you will often find a deposit match bonus is going to give you at least 100% of your deposited amount as bonus funds if not more, so always be on the lookout for them.
Another type of bonus you may get offered is a risk free trade, this will be a way of you placing a real money trade but if that trades turns out to be a losing one then you will get your stake money returned to you usually as bonus credits!
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The forex market transacts enormous amounts of money every day. With possible trillions moving in and out of the market every trading day, the forex market offers a great profit potential. However, where there is profit, there is also the potential for loss. In this case, the loss could begin with choosing the wrong broker. These factors should help any trader looking to invest in forex:
Regulatory compliance
before settling on a broker to trade with, it is important to know who regulates them. If a broker operates in a number of countries, they must be regulated by the authority mandated to oversee financial institutions in those states. For instance, if a broker is based in australia and operates in the US and UK, they must be regulated by the regulatory bodies of those three countries (ASIC, NFA and CFTC, and FCA and PRA respectively).
Regulatory bodies make sure that the broker you want to invest with operates within the financial laws of the host country. They also provide consumer security to traders by lending legitimacy to a broker.
Top 10 legit forex brokers
| broker | info | bonus | open account |
|---|---|---|---|
| min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec | 50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. | Visit broker | |
| min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC | $100 no-deposit bonus, 100% deposit bonus | visit broker | |
 | min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize | “50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program” | visit broker |
| min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN | 35% of the account deposit | visit broker | |
 | min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA | visit broker | |
| min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202 | visit broker | ||
| min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK | visit broker | ||
| | min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC | visit broker | |
| min deposit: $10 spread: leverage: regulation: cysec | - | visit broker | |
| | min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec | visit broker |
Data safety
Fees
any fees incurred are the standard cost of doing business. However, these expenses could affect your profits, especially if they are hidden. Still, your broker has to charge. Most brokers will opt to make their profit from spreads. Spreads are the difference between the ask and the bid price. Tight spreads mean you can easily enter and exit the market, and as such, a broker will reap maximum profits on wider spreads. Tight spreads are common in higher trading currency pairs such as the dollar/euro pair or dollar/pound pair. Highly volatile pairs will have wider spreads.
Other expenses that you might incur include fees charged during any fund transfers (deposits and withdrawals) and additional costs related to your bank account. It is, therefore imperative that you have another party look at the fee clause in your broker-trader contract to make sure you have full knowledge.
Platforms and software
A trading platform serves as your gateway to the market. A reliable platform should be highly responsive and easy to navigate, and it should have the necessary tools that allow traders to react to the market in real time. It is common for brokers to have a custom-made trading platform. However, if your broker does not have their own software, they most likely use more common trading platforms such as the metatrader 4 (MT4) or metatrader 5 (MT5).
Each platform has several features that give them an edge over competitor platforms. One of the common features of an excellent platform is the ability to run on different devices and their compatibility with various operating systems. Some platforms come with inbuilt strategies that you can use to plan your trades. Additionally, you can develop your own strategies and save them into the platform.
To expand your options, some platforms let you communicate with other traders to chart strategies or to learn from more experienced traders.
Ease of transaction
A legit forex broker allows you to access your money easily. Reputable forex brokers use the money you deposit to trade, and once they make their profit, what you earn should be easy to withdraw. Some brokers make these processes seamless by offering more access options. For instance, you can deposit or withdraw your money through paypal, debit, and credit as well as direct wire transfers.
Currency pairs
on any day, there are plenty of currency pairs getting traded. A legit broker should at least offer the major pairs. The euro, dollar, yen, and pound are the most popular currency pairs.
However, a trader can choose which pairs they prefer to trade. More established brokers tend to have a broader range of currency pairs. Check if your broker offers the currencies you would like to trade.
Accounts
A good forex broker allows traders to open an account of their choice. The initial amount determines which account you can create. Some brokers will let you open accounts with as little as $50. However, such accounts are considered risky because of the lack of flexibility with open positions. The required amount to open a standard account is about $10,000. In some cases, a broker will offer exclusive accounts that require initial capital of up to $20,000. These types of accounts usually have VIP benefits such as fewer fees and premium tools. In islamic countries, brokers may offer accounts that adhere to sharia law. These accounts do not accrue interest.
It is also vital to know if your broker offers a demo account with which you can trade risk-free before you go live. Demo accounts don’t require any financial commitment and are perfect for beginners looking to get hands-on market experience.
Customer services
forex trading is a 24-hour business rife with a number of issues that require immediate assistance. A good broker is only as effective as their support system. Fortunately, most legit forex brokers have customer service that allows you to speak to agents, lodge ticketed complains and receive technical support on various platforms. Timely support ensures that you get real-time help with sensitive information when you need it.
Broker type
the type of broker you choose in this case is purely based on profit. Electronic communication network brokers (ECN brokers) have the edge over dealing desk brokers (DD) brokers since they offer better spreads, translating to better profits for a trader. ECN brokers match trades between other traders, unlike DD brokers who might have to trade against their own clients.
Additional services
other than the basics, a good forex broker could sweeten the deal for you by offering in-house services such as tax statement preparation, up to date market news, additional expert analysis and occasional classes that help you better your skill as a trader.
Bonuses and incentives
The world of forex trading is very competitive. There are so many brokers to choose from it can be hard to know which one to choose. With so much competition, brokers have to make sure that their offering is exciting and enticing. To do this, they incentivise you with bonuses for opening an account and making a deposit.
There are lots of different deals and offers, and they vary greatly. Not only do the types differ but also the amounts. With one broker you may receive a fixed fee whereas others will offer a percentage of the deposit that you make. Then there are bonuses for the volume you trade and for continuing to make deposits.
But how do you choose your broker? For many, the bonus is an essential criteria and can be the deciding factor. We have tried and tested every forex broker to make sure that we only bring you the best and as bonuses are one of the critical criteria that we review you can be confident that we present you with the best that the industry has to offer.
In this article, you will learn:
The different types of incentives and bonuses how a bonus can help you with your trading which types of bonuses you should choose
Top rated forex sites
Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.
Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.
The types of forex bonus
There are many different types of forex bonuses available. More commonly you will see a welcome, deposit, or no deposit bonus when you visit a forex broker site. We review and recommend brokers based on these main types however, there are much more available. Some brokers pride themselves on the fantastic incentives that they offer. Here's an explanation of what's available:
Deposit bonus
When you open a forex trading account and make a deposit, you often receive some free money. This can be either a fixed fee or a percentage of your deposit. The deposit bonus has to be traded several times before it can be withdrawn.
No deposit bonus
Get a fixed deposit reward without making a deposit. This type of incentive is perfect for new traders that don't want to risk their own money while getting used to trading. Sign up to an account, receive your bonus and start trading before you make a deposit and start trading with your cash.
Volume bonus
This is great for more experienced brokers or for those who plan to trade in large volumes. The offer works like a cashback as it offers cash rewards based on the amount you trade.
Reward bonus
A reward bonus is given as an acknowledgement of completing specific requirements. It isn't always cash however and can sometimes be training courses, books or other tools to help you improve your trading experience.
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Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.
Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.
What is the ideal bonus
The ideal offer depends on what you are looking for. Different people have different requirements. If you are a novice trader then we would recommend that you look for a "no strings attached", no deposit incentive. This will enable you to get started on your forex trading journey without losing your own money and becoming disheartened watching your balance go down as you make your initial mistakes.
You may not make many mistakes, and your trading may be successful from the outside but like anything it takes practice to become good at something. Now if you are a more experienced trader then your requirements may be different. If you are not concerned about the money going down, because you know it goes up as well then you may be better off looking for a broker that offers a volume or a cashback deal.
Deposit bonuses are also good, especially if you can find a broker that offers 100% match. You may have different priorities, and you may prefer a particular site because of the ease of use. In these cases you won't be so bothered by the bonuses on offer if it is though it is worth checking out who offers what.
How a bonus can help
Bonus money is great if you are new to trading. From the deposit bonus to the no deposit bonus, it can be used in several ways to help you with your forex trading including:
Becoming familiar with the various trading charts and data getting used to a platform functions if you are a new trader building your capital, especially with a generous deposit bonus testing trading strategies and new currency pairs the no deposit bonus is an excellent way to test a new broker general practising so that you become a competent and successful trader
There are terms and conditions attached to these bonuses which you should be aware of. The money has to be traded a certain number of times before it can be withdrawn, this is often the equivalent to thousands of dollars. Sometimes brokers will insist on $10,000 being traded for every dollar.
There are other rewards offered by some brokers that don't include cash. These rewards are often in the form of access to education tools and even books on trading. While they may not have the same appeal for many as a cash bonus, they are equally as valuable in helping to improve your trading skills. Some brokers also offer loyalty rewards which convert to discount or trading funds.
It is essential to choose the bonus which suits you based on your level of experience and what you want to achieve. For new traders the no deposit bonus is perfect while for more experienced traders they prefer a generous deposit bonus.
Deposit bonuses are good especially if you can find a broker that offers 100% match.
How we find the best deals
We find the best deals so that you don't have to. Our experienced team are made up of successful traders and financial experts that have spent years working in this industry. They trawl the markets testing the various forex brokers and putting them through their paces. We don't recommend just anyone. Every broker has to pass a rigorous analysis and trading test for us to be comfortable to put our name to it.
Each site is tested for licensing and regulation, ease of use and their mobile trading features. One of our critical criteria is bonuses. You will see our checklists on each of our recommended broker ratings. We rate them based on how they score for each category, bonus being one of them. If this is what you are particularly interested in then you can compile a shortlist from our recommended brokers and decide which of the shortlist you wish to open an account and start trading with.
With so much information available to you from our experienced and diligent experts, you can start trading with your chosen broker with peace of mind that your money is in safe hands.
Top 10 forex brokers with no deposit bonus
Deposit bonus – A bonus on funding a live account. The bonus credited on percentage of the deposit amount.
No deposit bonus – free bonus on account registration for the new clients to trade live without any risk.
Tradable bonus: A deposit bonus that can be lost and traded as the part of your trading equity.
Volume bonus – most common type of deposit bonus, it allows you to increase your trading volume. Often the bonus can be cashed on trading lot requirement.
Forex gift – A gift for the clients for completing certain requirements, everything from bonus to latest gadget
Freebies – free stuff by forex brokers like ebook, courses, trading materials etc.
Rebate – cash-back withdrawable bonus on each lot traded.
Demo contest – contests held on demo account, win cash/tradable money with no-risk involve!
Live contest – contest held on live account, deposit requires. Win bigger cash/prizes.
Refer – a-friend– refer your friend to your broker, when your friend deposit you will get a special bonus
Free signals – get free trading signals from the broker.
Free VPS – get access to an optimized forex virtual private server for free on maintaining a certain amount of trading balance.
Binary options – binary bets trading on forex instruments
Forum posting: get a small trading bonus for each of your post in forms.
3 affiliate IB: receive a commission from your fellow traders, specially design for the marketers.
Draw bonus: the winners chosen by a draw
Seminars webinars: find the schedule to participate in the online/offline events.
Expos events: inviting to attend the forex events & expos globally.
So, let's see, what we have: looking for the best forex brokers with bonus and promotions? Discover this, and everything you must know, on bonuses and promotions! At top 10 forex brokers with no deposit bonus
Contents of the article
- New forex bonuses
- Top 10 best forex brokers with bonus and...
- Are these bonuses really free money?
- What should I check when choosing a bonus?
- Top 9 forex brokers with bonus and promotions
- Different type of bonuses
- Why do brokers offer forex no-deposit bonuses and...
- Tips on how to choose a bonus and a broker
- No deposit forex bonus brokers - 2020
- What about forex no deposit bonus 2020?
- What is no deposit forex bonus?
- No deposit free forex bonus brokers in 2020
- Why is no deposit free forex bonus important?
- How to choose the best free forex bonus?
- Best no deposit bonus forex brokers 2021
- Tickmill
- GO markets
- Roboforex
- Axiory
- What is a no deposit forex bonus?
- What should I do to get my bonus?
- What is the difference between no deposit bonuses...
- What other bonus and promotion types do brokers...
- Conclusion
- No deposit bonus forex brokers list
- What is a no deposit bonus ?
- Withdraw profit
- Bonus withdrawable
- Forex bonus – no deposit required!
- Current no-deposit bonus promotions:
- What exactly is a FREE no deposit bonus?
- It’s NOT a no-deposit bonus, when:
- The good and the bad: brokers learn from mistakes
- Forex no deposit bonus
- Use the table blow and choose a broker to receive...
- What you need to know about no deposit bonuses
- Learning from mistakes
- Forex lot sizes
- Hedging with forex bonuses
- What other bonuses can I claim
- Fxdailyreport.Com
- Top 10 legit forex brokers
- Bonuses and incentives
- The types of forex bonus
- What is the ideal bonus
- How a bonus can help
- How we find the best deals
- Top 10 forex brokers with no deposit bonus
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