Best forex broker with free bonus

There’s no time limit for completing required lots if the required lots you need to trade are in the common categories such as one lot for 1, 2, or 3 dollars, that time limit makes the bonus hard to release.

Best forex bonuses

Best forex broker with free bonus

100% no deposit bonus forex brokers

If you are looking for the forex brokers with the best 100% deposit bonus, you ‘ll probably want to double your account because either you think your money isn’t enough to trade or you may think that if I can take advantage of some free money, why not!

For whatever reason you want to double your account with a deposit bonus, you should know that there are some differences between the 100% deposit bonuses of different forex brokers.

For example, some of them are withdrawable but others are just to support your margin and enable you to trade larger lot sizes.

Some others only have the name of 100% deposit bonus and are basically for advertising purposes.

For finding the best 100% deposit bonus, I searched a lot of forex brokers and went through the terms and conditions of their deposit bonuses to see how realistic they are.

Some of them were totally useless, so I eliminated them.

I’ve found some that have better conditions than others, either they are withdrawable or not.

Let’s find out about them.

Forex brokers with the best 100% deposit bonus

Here’s a list of the forex brokers with the best 100% deposit bonus along with a concise version of their terms and conditions:

1- hotforex

Hotforex offers two types of 100% bonus on new deposits, 100 credit bonus and 100 supper charged. One of them is withdrawable and the other can’t be withdrawn and it’s more like a rebate or cashback system.

Hotforex doesn’t accept clients from the US, and canada. The UK and EU clients of hot forex can’t request for its bonuses

Let’s take a look at the terms and conditions of hotforex 100% credit bonus:

100% credit bonus

To be eligible for this bonus, you need to deposit at least $100

The bonus is available for these types of accounts of hotforex: micro, premium, and islamic

For releasing the bonus, you need to trade a specific number of lots which is calculated as follow:

For example, if you deposit $100 and receive a $100 deposit bonus, you need to trade 50 lots (100/2) in order to be able to withdraw the $100 bonus.

There’s no time limit for completing required lots

So in the example above, you may trade 50 lots in one month, six months, 12 months, and etc.

The positions with the profit of 3 pips or less aren’t taken into account when calculating the required lot size

So, besides not being able to choose the ECN account, your 3 pip positions aren’t been considered for 100% deposit bonus which makes the bonus not favorable for scalpers especially for the ones hunting 2 or 3 pips.

The maximum 100% bonus you can get is $30000 for each account and $150000 in total

So if you want to deposit more than 30K and request for the bonus, you should open two, three. Or 5 accounts.

If your equity goes below the amount of your deposit, the bonus will be canceled

For example, if you deposit $100 and receive a $100 deposit bonus, then trade and lose $100 (your deposit), the $100 bonus will be removed automatically.

You can find a full version of the conditions here.

The bonus is withdrawable

There’s no time limit for lots completion

You can’t choose ECN account

100 supper charged bonus

As mentioned before, this bonus is more like a cashback system than a deposit bonus which means you receive a portion of every lot you trade.

Let’s see what the terms and conditions of the hotforex 100% supper charged bonus are.

The minimum deposit for being qualified for this bonus is $250

Only premium and islamic accounts are available for this bonus

So just like the previous bonus, this bonus is not a good option for scalping.

Unlike the 100 credit bonus, this one is just given to one account which means you can’t open several accounts and request for it

The maximum bonus you can receive is $50000

The bonus is not withdrawable but profits and rebates are

For every standard lot that you trade you receive 0.2 lots

For example, you trade 1 lot EURUSD which is worth $10, so you receive $2 as a rebate.

The maximum rebate you can get is $8000

Trading forex pairs and gold are taken into consideration when calculating rebates

So for example, if you trade cryptos or indices, you don’t receive rebates.

If your equity gets under your deposited money, just like the previous bonus, your bonus will be removed

Find out more about super charged bonus here

Just available for premium and islamic accounts

2- FBS

FBS has a 100% deposit bonus offered for every deposit you make.

FBS doesn’t accept clients from the US, belize, russia, and cyprus

Ok, let’s see what we can find out about FBS 100% deposit bonus

There’s no minimum deposit for receiving the bonus and you can request that with any amount of deposit

The deposit bonus is available for all types of FBS accounts except for ECN

The bonus is withdrawable but before withdrawal, you need to trade a specific number of lots

There’s no time limit for completing required lots

The required lots are calculated as follow:

For example, you deposit $120 and receive $120 as deposit bonus. You need to trade 40 lots before withdrawing the $120 bonus.

If you lose 70% of your initial deposit, the bonus will be canceled

The maximum bonus that you can ask for is $10000.

You can find more information about FBS deposit bonus after registration here and in your cabinet.

The bonus is withdrawable

There’s no time limit for completing required lots

Fewer required lots compared to other brokers

No ECN account available

3- roboforex

Roboforex has another forex broker that has up to 120% deposit bonus which is called classic bonus.

Roboforex doesn’t accept clients from the US, canada

The minimum deposit is $10

You can pick from one of theses percentages as deposit bonus: 25%, 50%, 100%, and 120%.

For instance, if you deposit $1000 and request for 50% bonus, you’ll receive $500 and your account becomes $1500.

You can withdraw the bonus after trading a specific number of lots as follow:

For example, you deposit $400 and receive $400, now you have to trade 200 standard lots before withdrawing your bonus.

No time limit for lots completion

The maximum bonus you can ask for is $50000

The bonus will be canceled if you lose your deposited money

There’s no time limit for lot completion

No ECN account available

4- instaforex

Instaforex has several bonuses including 100% deposit bonus which is available for your first deposit in every account you open.

Instaforex don’t accept US residents

There’s no minimum deposit for using this bonus

The bonus is not withdrawable and you can only withdraw your profits

The maximum 100% bonus you can receive is $2000, however, if you deposit between $2000 and $5000, you’ll be offered 50% bonus for the $3000 reaming deposit. For any amount above $5000, you’ll receive 30% as the bonus

For example, you deposit $7000. In this case you can get 100% for $2000 which is $2000, 50% for $3000 which is $1500 and 30% for $2000 which is around $666. Therefore, for your $7000 deposit, you can receive around $41666.

Only the standard and cent accounts of instaforex are available for this bonus

You can just trade forex pairs and other trading instruments such as cryptos, indices, and etc aren’t available

If your equity goes below the 120% of the bonus, it’ll be canceled

For example, you deposit $100 and receive $100 as the bonus, now you have $200. Then you trade and lose $120. In this level, your bonus will be canceled and your account will be $0.

If you don’t trade for one month, the bonus will be canceled

More about terms and conditions here

Not much, because the bonus acts as margin supporter

5- justforex

Just forex has several one-time deposit bonuses including 50%, 100%, and 115%.

Justforex don’t accept US residents

The minimum deposit for 50% bonus is $100. Between $100 and $500 you can request for 100% bonus and above $500, you can receive 110% deposit bonus.

The bonus is withdrawable after trading a number of lots

The number of lots you need to trade before the withdrawal is calculated as follow:

There’s a time limit of 30 days for completing the required lots

For example, if you deposit $300, you’ll receive $300 as the bonus. Now, you need to trade 100 lots in order to be eligible for withdrawal.

Pro, mini, and standard accounts are the available accounts for the deposit bonuses. Cent and ECN accounts of justforex are not included.

The maximum bonus that you can ask for is $40000

If your equity goes below your deposit, the bonus will be removed

For example, you deposit $200 and receive a $200 bonus. Now you have $400. Then you trade and lose $200. At this level, your bonus will be canceled and your balance becomes $0.

The trades with the targets of 3 pips and less are not considered when calculating required lots

So this bonus is not a suitable option for the scalpers who squeeze as low pips as 3 or less.

You can find a complete version of justforex terms and conditions here.

110% deposit bonus available

Time limit for completing required lots

ECN account is not available

6- superforex

Superforex has several deposit bonuses including a 120% one, which has been increased to 202% for the entire year of 2020

Superforex doesn’t accept US residents

The minimum money you need to deposit in order to ask for 202% bonus is $100 and there’s no minimum deposit for 120%

The bonus is not withdrawable and you can only withdraw the profits that you make

There’s no time limit for keeping the bonus amount in your account

If you lose your deposit, the bonus will be removed

If your margin level goes below 300%, the bonus will be canceled

So basically the bonus is worth nothing and is just for attracting clients

You can find more information after registration in your cabinet

7- trader’s way

Trader’s way is a forex broker that has deposit bonuses up to 100%.

Trader’s way accepts clients from all around the world including US residents.

There’s no minimum deposit for the 100% deposit bonus of trader’s way

The bonus is withdrawable and you can redeem it by trading a number of lots

For every dollar to be released, you need to trade 2 standard lots.

Let’s say you deposit $100 and receive $100 as the bonus. The $100 in your account is a 100 dollar credit and is not considered your money. As a result, if stop out takes place, it won’t help your margin.

Every 2 lots that you trade, $1 is deducted from the credit and considered as your money that you can either withdraw or keep it in your account for trading

The maximum deposit bonus that you can receive is $5000

This bonus is available for MT4.FIX, MT4.VAR, and MT4.ECN accounts of trader’s way. MT5.ECN and ctrader that are the other two types of this broker are excluded from this deposit bonus

There’s no time limit for releasing the bonus

News trading is prohibited when you are trading with an account attached to the bonus

More required lots compared to other 100% deposit bonuses

Common terms and conditions of 100% deposit bonus

Every forex broker that offers 100% deposit bonus has its own set of rules but many of these terms and conditions are common among them.

Let’s take a look at the ones that you probably see in the terms and conditions of the 100% deposit bonuses.

If a deposit bonus is withdrawable, you need to trade a specific number of lots before you can withdraw that.

Every forex brokers set out its own calculation for required lots. For instance, some tie every dollar to one lot and others release $3 for one traded lot.

For example, you receive $120 as deposit bonus. Brokers A allows you to withdraw that amount after trading 120 standard lots but broker B releases your bonus after trading 40 standard lots.

Another condition that you might come across is time limit.

Sometimes a forex broker sets a time limit for trading the mentioned specific lots. For example, you need to trade 30 lots in one month.

If the required lots you need to trade are in the common categories such as one lot for 1, 2, or 3 dollars; that time limit makes the bonus hard to release.

For example, you get $120 and for releasing that, you need to trade 40 lots in 30 days. As you can see, it’s very hard to pull off.

The next condition that you might see is setting a limitation on the maximum 100% deposit bonus you can request for.

For example, the max bonus you can receive is $50000 so if you deposit $60000, you only receive $50000 as bonus, not $60k.

The other important condition that you should be aware of is related to the number of withdrawal or the conditions that might happen if you withdraw your money before trading all the required lots.

In some cases, you can only withdraw once and after that, your bonus will be canceled.

For example, you’ve received $100 as deposit bonus. According to the conditions of the bonus you need to trade let’s say 50 lots. You trade 10 lots and release $20 of your bonus.

If you take that profit out of your trading account, the rest, or in some cases, a part of the bonus will be removed.

The bottom line

If you are looking for increasing your edge and profitability, looking for the forex brokers with 100% deposit bonus can be a wise idea because if there’s extra money to make, why shouldn’t.

However, you should completely be aware of the deal you get and make sure that none of the clauses of the bonus is against your style of trading and your trading, in general, doesn’t hurt in any way.

The only way that you can be confident about that is by reading the terms and conditions of the bonuses meticulously.

I tried to give you concise reviews of them and mention the important ones so you have a general idea of which one to pick but make sure to read them completely on the brokers’ websites. That’s why I provided a link to the terms and conditions pages after explaining every one of them, above.

Top 6 best forex brokers with no deposit bonus for 2021

Top rated:

What better way to start trading than with a no deposit bonus forex broker? This should give you the perfect start to trading with some risk-free funds. To help you achieve that goal, we have put together a collection of the best regulated forex brokers in the market who offer a no deposit bonus to traders.

Beyond looking at more details of these top brokers, we will also provide more information on no deposit bonus availability, and how you can use these bonuses to your advantage when trading.

What is a no deposit bonus?

Very simply, a no deposit bonus is an amount of money which is given to you as a trader just for completing the broker registration process. This means that you do not have to deposit any of your own real funds to gain access to this no deposit bonus.

No deposit bonus: are they available in the EU?

Unfortunately, the answer to this question is no. The no deposit bonus offers are not available in the EU. This is due to the fact that the european market regulator, ESMA, has banned certain types of forex broker bonus offers under the mifid II regulations.

The result is that forex brokers’ no deposit bonus offers, and any kind of registration bonus offers are not allowed for traders who are in the EU.

Please note that the following bonuses are available only to people based outside the EU. Moreover, we do strongly suggest to not judge the broker based solely on the no deposit bonus, but on the suitability to your trading goals and preferences.

Top 6 best brokers with no deposit bonus

Here is a closer look at the top brokers we have selected who do offer a no deposit bonus.

No deposit forex bonus brokers - 2021

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 2021?

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 2021

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.

No deposit bonus forex 2021

Forex no deposit bonus is offered to you free of charge. You will pay absolutely nothing to the broker, and instead, the broker would pay you a certain sum to trade risk-free forex in a real account. All you need to do to access a no deposit bonus is to register at a broker's website for a personal cabinet, verify your account (providing the required documents), and then download their trading platform to trade with the free bonus. That is how forex brokers make you one of their potential clients. Forex brokers use no deposit bonuses to attract new clients, especially if they are new brokers, to increase their clientele as rapidly as possible which is why they offer such free bonuses.

Now, there you are with a free forex no deposit bonus. For those who are new to the world of forex, a free no deposit bonus looks very attractive! Fortunately, there are a number of forex brokers, established in the past decade or more recently, which offer forex no deposit bonuses!

Can I make money with a free forex bonus?

Forex free bonuses are usually offered in small amounts such as $10, $25, $50 or $100. You can trade with them, turn them into profit and ultimately withdraw the money you've earned. However, you need trading strategies to pull it off, in other words, you should be experienced in trading forex, and if all goes as planned, you can reap the benefits which at times is quite considerable. A lot of people have successfully turned such bonuses into large profits, who's to say that you can't be one of them?

So before you get carried away with free bonuses, you should prepare yourself thoroughly! Be aware that you need to focus on your trading strategy, and weigh your trading decisions from different perspectives! Although it's still difficult to make money using a no deposit bonus, with a little bit of trading management you can do it.

What are the terms and conditions for free forex bonuses?

Different brokers demand a different set of conditions for offering free bonuses. Some brokers make gaining profit and withdrawing it a tad harder; for example, they may ask you to trade a certain number of lots to be eligible for withdrawing the bonus or its profits.

Other brokers may charge a substantial sum for the first or any subsequent withdrawal requests. Some may allow you to withdraw only once during the bonus period. These conditions among other requirements should be studied at length to avoid any misunderstanding or unrealistic expectations.

What is the best type of forex no deposit bonus?

The following factors should be considered to determine the quality of a forex no deposit bonus:

The amount of bonus should be over 20$, so you can trade easily. Otherwise, it would be very hard to gain any real profit, and even if you do, it will take you a long while.

Having access to higher leverage enables you to trade bigger and more profitable using a small deposit. However, leverages, offered on bonus accounts, are normally in the range of 1:100 or 1:200. Some brokers offer leverage up to 1:500 which is rare but good.

Trading terms and conditions must be reasonable and not very restrictive; the fewer limitations you have for trading, the better your chances are for gaining profits.

The brokers that offer the bonuses must be trustworthy and reputable. It goes without saying that a well-regulated forex broker offers a much more reliable no deposit bonus and would pay even more withdrawable profits to its clients!

Is it worth to try no deposit forex bonuses?

If you are a beginner, it is advisable that you start your trading experience with a forex no deposit bonus. Forex is a very complicated and serious business which requires a certain level of experience. If you are new to the FX market, using a forex no deposit bonus can help you make some free money and gain some insight on how the market works.

When you learn your way around the FX market and can afford to trade on your own, you don't need free bonuses anymore. You'd be able to trade and make a lot of profit by trading live. Additionally, there are brokers that offer forex promotions to live traders as well, which can be used to multiply the profits.

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.

Ctrader, MT4, MT5, proprietary

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

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.

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

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

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.

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 forex bonus brokers - 2021

What about forex no deposit bonus 2021?

What is no deposit forex bonus?

No deposit free forex bonus brokers in 2021

Why is no deposit free forex bonus important?

How to choose the best free forex bonus?

Prefer a regulated forex broker

Consider the trading conditions

Read and understand the terms and conditions

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.

20 best forex bonuses for 2020

As forex trading goes mainstream attracting forex trade enthusiasts, brokers get to understand that it is not enough to have a solid reputation of trust and reliability. They need to incentivize traders into registering with them, and most have found huge success introducing bonuses; both for no-deposit welcome bonus and initial or recurrent deposit bonuses.

In this post, we review the best forex brokers with the highest deposit bonuses, and also explain what it takes to unlock these benefits. These are often expressed in percentages of the deposit amount. Our approach to the high bonuses subject is holistic and extends way beyond the bonus to touch on aspects of the forex broker reputation like the ease of doing business with them, and their reliability.

Best overall forex bonus

We’ve analysed all the forex bonuses in the market and found the following broker to have the best welcome offer, bonus terms, platform, usability and regulation. Click the link below to claim your bonus or read on to find out why this is our top choice.

1. Plus500: $25 bonus for customers outside of europe (best for south african traders)

Plus500 is a well-regulated forex broker holding licenses from the cysec, FCA and listed on the london stock exchange.

This broker offers a fantastic forex trading platform where investors can trade on 60+ forex pairs including the most popular forex pairs like EUR/USD, GBP/USD and EUR/GBP with leverage up to 1:30. They offer a very low minimum deposit of $100, which means your forex account can be worth up to $3,000 if using leveraged positions.

Their platform also counts with various advanced trading tools such as stop loss and stop limits, to ensure full customization and control over your forex trades, and minimize losses, a factor that is very important especially when using leverage. Plus500 also offers free forex signals and indicators as well as access to advanced charts and educational resources.

Plus500 offers low spreads starting from 1.9 pips on forex trading, and the account opening process is smooth and hassle-free.

Plus500 is currently offering a $25 free bonus to all traders outside of europe on forex trading. This bonus is available when you deposit the minimum required amount on the platform and open your account using this link. The welcome offer is only available to new customers, and the terms and conditions apply (check your country is eligible for the bonus before depositing). The offer is available to redeem within 90 days. Click the link below to claim your bonus today.

Plus500: claim your free £/€/$25 forex bonus

Free $/£/€25 bonus for new clients

Fully regulated forex broker

$/€/£100 minimum deposit

Best US forex bonuses

Even though the number of US forex brokers delivering access to the financial markets is rising, the actual number of companies offfering their services for US customers and residents is a number that has barely moved through the years.

If you are interested in starting a career in the forex market and you are a citizen or a resident of the US, check out these brokers below, all offering fantastic bonuses for american traders.

1. Libertex – 100% welcome bonus

Libertex rewards new traders a 100% welcome bonus for every deposit over $100. While the minimum deposit amount to receive the welcome bonus is $100, the maximum bonus amount is $10,000. Libertex welcome bonus will be paid over the course of 90 days in 2% payment chunks. A user simply needs to register for a trading account and fund the account with the minimum amount of $100 in order to get the libertex welcome bonus.

The converted bonus gets paid to your trading account and you are free to withdraw or trade with this money, however, libertex maintains basic requirements for rewarding its new traders. Whenever a trader reaches a certain percentage of the bonus earned, libertex pays the converted bonus to the trader’s account.

2. Forex.Com – $50 bonus

If you are interested in trading in the US, you see yourself being rejected by most european brokers due to tight requirements needed for americans. If this did not make you drift towards a different asset class you might want to consider opening a trading account with forex.Com. The firm might not offer any of the marketing tools and benefits from the majority of firms in europe, but in exchange, you will gain access to one of the most respected and stable forex brokers in the world.

As a symbolic benefit, forex.Com offers a one time bonus of $50 per user after they’ve deposited at least $250 to start their own account. This might not sound like much but considering the fact that it is an american broker, it is more than I would have ever expected!

3. Paxforex- 100% loyalty deposit bonus

Paxforex rewards new and existing clients 100% deposit bonus for every deposit over 1200$. The bonus will be paid over the course of one year and the first payment will be sent to your account as soon as your deposit clears. Paxforex will match your deposit in bonus money which will be divided by 12 equals parts and granted every month. The bonus amount can be used only for trading and cannot be withdrawn. Paxforex has a limitation of $10,000/EUR 9,000 on the total deposit bonus amount on one forex account.

Best non-U.S. Forex bonuses

If you are outside of the U.S, there are a number of well-regulated brokers offering attractive welcome bonuses for all forex traders. Below, we list the top fx bonuses for traders in europe and rest of the world. Be sure to read the broker’s terms and conditions before you deposit to ensure the bonus is suitable for your needs.

1. Global pro trader – 100% bonus on FTD via card, 150% bonus on FTD via crypto

Global pro trader rewards traders with 100% bonus on first time deposit (FTD) via card and 150% bonus on first time deposit (FTD) via crypto. Note that, the bonus is only available to one account and cannot be transferred between accounts. It also has a minimum trading volume of the bonus amount divided by 4 in order to withdraw bonus funds. The bonus and profits made on the trading account can be withdrawn once the minimum trading requirements have been fulfilled.

More importantly, the bonus can be redeemed once a trader has executed 30 standard lots for every $1000 bonus, within 60 days (44 market days) of receiving it. To qualify for the globalprotrader bonus, traders must complete the registration process and deposit funds through credit card or cryptocurrency.

2. Avatrade- welcome bonus up to $16,000

Avatrader is also keen on incentivizing individuals who wish to open trading accounts with them by offering deposit bonuses of up to $16,000. Unlike most other forex brokers who express their deposit bonus as a percentage of the deposit amount, avatrader maintains a graduated scale for rewarding its new traders. Individuals interested in their platform can use the online calculator on the avatrader website to determine the bonus attributable to their initial deposit. The bonus is however only available to new trading accounts that deposit a minimum 1000 units of their preferred base currency (USD/GBP/EUR). To move the credited amounts to the withdrawable balance side, you must execute a trading volume 10,000 times your deposit within six months.

3. Easy markets- 50% deposit bonus

Easymarkets rewards anybody who opens a trading account with them with up to 50% bonus on their first deposit amount. This is only applicable to new accounts that receive the upwards of $100 as initial deposit. The graduated bonus scaling technique rewards 30% bonus for deposits below $200 and 50% for initial deposits between $200 and $1000 while the rest, above $1000, get a 40% burp as a bonus. The broker has set the maximum allowable bonus per account at $2000. Unlike most forex industry insiders that avail the bonus for withdrawal after a target volume of trade, easymarket’s bonus is not withdrawable. There is however no restriction to profits earned by trading the bonus amount.

4. FXTM- up to 30% welcome bonus

The percentage of deposit bonus reward by forex time (FXTM) brokers depends on your geographical region. For instance, FXTM clients hailing from south east asia and the greater china region are eligible for a deposit bonus of up to 30% and a maximum amount of $100. FXTM trading account clients in africa will also get back 30% of their deposit amounts with the maximum amount allowed capped at $300. Traders in the middle east who open and fund a trading account with FXTM will get back 10% of their deposit amounts and a maximum of $300. To qualify for the bonus, the trader must complete their trading account registration and verification and also fund their respective account with the minimum deposit within six months.

5. Instaforex- 100% deposit bonus

Instaforex offers one of the widest ranges of deposit bonuses to its clients, depending on the trading accounts opened with the broker. The most popular in the 100% marching bonus to initial deposit made to any trading account. The broker also gives out a 30% bonus for all other subsequent deposits with instaforex club accounts receiving a 40% bonus. There is also the 50% chancy deposit bonus that is given once a month for deposits exceeding $3000. They also have a promotional 55% deposit bonus program for all accounts opened after june 2013. Withdrawing profits derived from the deposits with broker’s bonus is allowed but the credited deposits amounts will only be moved from the credit to the balances section once the trader hits the required trade volume limit.

6. FP markets- 20% credit bonus

FP markets rewards its traders with a 20% initial deposit bonus that is credited to their trading account. Qualifying for the bonus starts by completing the trader verification process and funding an account with an initial deposit of between $100 and $25,000. Note that, this is only available to traders maintaining the standard, raw MT4, and MT5 trading accounts. It also has a maximum allowable bonus amount set at $5000. While the amounts may be used to cover drawdowns, it will only be activated in the case of negative balance. Profits from the bonus amount can be withdrawn freely but you have to fulfill the required trading volume requirements to convert the bonus into cash.

7. Octa FX- 50% bonus on each deposit

Octafx offers a deposit bonus of up to 50% on all deposits above $50 regardless of the currency base or preferred payment system. This is available to all the trading accounts hosted by the broker, including ECN accounts. The trader is however at liberty to decide the level of bonus they prefer (below 50%) when making their deposit as this plays a key role in affecting the trading volume required to activate the credited amounts and transferring them to the withdrawable balance section. Additionally, the bonus can be traded on different platforms, including metatrader accounts integrated with an expert adviser. Profits can be withdrawn without restrictions, but withdrawing the deposit amounts below the level of the credited amounts cancels out the bonus.

Factors to consider when choosing forex deposit bonus

Before requesting for the 100%+ bonus or cash rebates, there are a few factors you need to consider. These are all contained in the fine print of the broker’s terms and conditions, and touch on how you interact with the ‘free trading money’ and its impact on your actual deposit. They include:

Size and impact on your trades

Ideally, the higher the deposit amount you request the larger the impact it has on your trades. For instance, some brokers will set a minimum or maximum lot size that you can execute as long as the deposit amount remains active. More importantly, the larger the advanced amounts, the higher the trading volume lots required to convert it into cash.

Flexibility and adaptability

To what extent can you use the deposit amounts or the profits accrued from its use? Can it be used to shield against negative balances? How easy is it to withdraw the profits derived from its trade or do you need to fund the account to activate it like in the case of no-deposit bonus? Pay attention to these details when reading through the terms and conditions a broker has attached to their bonus and only accept it if you consider them tolerable.

Time limit to trade volume execution

If you accepted a 20% bonus on a $1000 deposit that requires a trade of 10x the deposit amounts to release $1 of the bonus to your account, you will have to execute trades worth $2,000,000 before the full bonus amount is converted into cash. This explains why a majority of traders taking up bonus offers never get to enjoy them. Plus the higher the bonus amount, the larger the trading lots and the longer it will take to execute them. Take this into account and only take it if you consider the trade volume and the time given to be reasonable.

Should you accept a forex bonus?

Deposits bonus play a key role in helping advance your profitability. While all these forex brokers treat the bonus as a credit advance, they don’t restrict the use of any profits derived from its use. Most will also give you a chance to win and claim it as cash as long as you fulfill their set conditions that revolve around limiting the withdrawal of your deposit, as well as, executing enough trades.

You, however, have to be careful when interacting with the free deposit bonus. Take time to vet a forex broker, paying attention to how they disburse and handle credited bonuses. Consider brokers with flexible deposit bonuses that cover drawdowns and allow for the unconditional use of profits accrued from their trading the bonus. Avoid the rest whose credited amounts won’t cover drawdowns.

Other types of forex bonuses available

Forex no-deposit bonus: this refers to the deposit awarded to a trader for every account opened with the forex broker. It is credited to the trader’s account and is not withdrawable until a set of terms are fulfilled. These are perfect for testing the effectiveness and transparency of the forex broker.

Forex welcome bonus: this is advanced to new traders who open an account with a broker, regardless of whether they make the first deposit or not. It may, therefore, double up as a no-deposit or initial deposit bonus. The difference between the two is that while most brokers offer a no-deposit bonus to multiple accounts by the same client, most will only advance the welcome bonus to a client once regardless of the number of accounts opened.

Cashback (rebate) bonus: this works like the recurrent deposit bonus with the only exception that the rebate bonuses are offered in terms of specific amount and not as a percentage of the deposit. For instance, a broker may award $100 for every deposit a client makes above $1000.

Personalized/VIP bonus: this is a specialized type of bonus advanced to a selected group of clients. In most cases, VIP bonus is advanced to high volume traders operating special types of accounts and their terms are also more favorable.

Loyalty bonus: loyalty bonus is set aside by forex brokers for their distinguished existing clients. In most cases, the broker establishes a loyalty program that rewards traders with points for every trade or lot executed. Traders are then promised a cash bonus upon hitting a particular milestone.

Criteria we used to rank forex bonuses

Deposit bonuses are gradually evolving into one of the most critical factors enthusiastic traders put into consideration when deciding the broker to invest with. This has allowed most brokers of ill repute to lure innocent traders and entice them into making a deposit with them with the promise of huge but complicated deposit bonuses. We have however taken time to sort these out and present to you only the most reputable and highly reliable industry operatives. Safe for high deposit bonus and reputation, other factors we put into consideration when vetting the forex brokers include:

Regulation

Minimum deposit amounts

Flexibility (withdrawable profits and ease of conversion to cash)

Brokers with low spreads

Risk management tools

Conclusion

There is a huge number of forex bonuses available in the market, and choosing the right one based on your country, legislation, budget and trading needs is crucial. Forex bonuses are a great way to get started if you have a limited budget, or if you want to grow you account. However, it is important to keep in mind that even though a bonus might look like a great benefit to have, in most cases it is simply used as bait to attract and lure inexperienced investors and traders, so we urge you to read the broker's terms and conditions carefully before depositing funds in hopes of receiving a bonus which may not be suitable for you.

Plus500: claim your free £/€/$25 forex bonus

Best no deposit bonus forex brokers 2020

We've listed the top no deposit bonus forex brokers that offer bonuses ranging from $10 to $100.

In forex trading, an initial capital is required to open a live account. This capital is used to place orders in the market.

No deposit bonus by a forex broker is a service extended in form of free capital that the trader gets in his/her real trading account while starting to trade with the broker. This free capital is the bonus given by the forex broker, so you can start trading without risk of investing your money.

These “no deposit bonus” programs are mostly offered by brokers to attract new customers. But, as these “no deposit bonuses” are provided free of charge, there are certain guidelines, withdrawal restrictions etc. That depend from broker to broker.

Although there are quite many bonus programs out there, but we have only listed the no deposit bonus by forex brokers that are popular & well regulated globally.

Best no deposit bonus forex brokers in south africa for 2020

XM – $30 no deposit forex bonus

Fxopen – $10 forex bonus

FBS – $100 no deposit bonus

Tickmill – $30 no deposit bonus

Hotforex – 100% first deposit bonus (on $250+ deposit)

Best no deposit bonus forex brokers compared

We have compared the bonus conditions & terms for all the forex brokers that offer no deposit bonus to south african traders.

1. XM no deposit bonus – $30

Overall rating 9.0/10

Benchmark EUR/USD spread: on average 1.5 pips.

Welcome bonus: $30 (profits can be withdrawn)

Regulation: ASIC

Ranked #1 no deposit bonus forex broker

XM broker gives a $30 “no deposit bonus” to new traders only if you sign up for it via their special page. XM is a reputed broker so they are considered safe.

Getting XM broker’s $30 no deposit bonus is a straightforward process and the amount is credited to the trading account after registration and account verification. This bonus can be used straightaway to start trading with access to the MT4 and MT5 platforms. This account would also provide access to MT4 live trading without making any further deposits.

Note: it should be kept in mind that this bonus cannot be withdrawn, only the profits made can be withdrawn provided certain volume conditions & terms are met.

2. Tickmill no deposit bonus – $30 (not available currently in SA)

Overall rating 8.0/10

Benchmark EUR/USD spread: on average 1.6 pips.

Welcome bonus: $30 (profits can be withdrawn)

Regulation: FSCA, FCA

Ranked #2 no deposit bonus forex broker

Tickmill is a FSCA regulated forex broker, and also regulated by multiple top tier regulators including FCA. So they are considered safe.

Tickmill was founded in 2014 and offers attractive trading conditions. They provide various trading instruments like forex, stock indices & oil, precious metals and bonds. They provide MT4 and webtrader platforms. They are regulated with top tier bodies like FSA SC, FSA UK, and cysec.

Update: tickmill’s ‘no deposit bonus’ is not available for traders in south africa currently. New traders can signup for a live account with $30 as a bonus into the trading account. This trading account has trading conditions similar to the pro account, benefits of which include low spreads and commission, multiple asset classes, etc. A point worth noting here is the use of expert advisors (eas) is not allowed on welcome accounts.

Tips for wisely using the no deposit forex bonus

It is very easy to see the no deposit bonus as free cash, but it is not. In most cases (with reputed brokers) there will be many terms levied by the broker before you can withdraw any profits made with the bonus.

Traders should treat this bonus as a trading investment to learn and apply their trading strategies in real market conditions.

Following are some tips on how to best use the no deposit bonus:
1) all forex brokers that offer no deposit bonus will have the terms and conditions about it – including conditions for withdrawing profits made with the bonus. So carefully read all the terms & fine prints, understand all those conditions before signing up.

If there is any ambiguity in the terms and conditions, make sure to clarify the doubts with the broker before opting for the broker.

2) some broker may offer bonus that would seem to be really attractive. However, the broker’s reputation & regulations should be considered before choosing any such broker, even in case if it is a free bonus. An exciting bonus should not be the only point to start trading with the broker.

3) always keep in mind that the no deposit bonus is an initial capital for trading and not free cash which can be used otherwise.

The real intention here is to trade properly and earn profits. One should be clear about their trading goals. Hence, we should keep our trading strategies and requirements in mind in order to put the bonus to its intended use.

No deposit bonus is a win-win situation for both the broker and the customer. While the broker will increase its customer base, the customer can train oneself and gain useful insights from trading by using the free bonus.

However, you should be mindful of not falling into false traps and see it as investment capital. You should instead wisely use the bonus to learn trading with a reputed broker & test your strategy in real market conditions.

Frequently asked questions: no deposit bonus forex brokers

Which forex brokers offer no deposit bonus in south africa?

Many forex brokers offer no deposit bonus & most of them accept SA based traders. But we have only reviewed & tested the welcome no deposit bonus by 3 popular brokers:

XM – $30 bonus: ASIC regulated broker.

Fxopen – $10 bonus: FCA regulated broker.

FBS – $100 no deposit bonus FCA regulated broker

Can I withdraw the no deposit forex bonus?

This depends on the broker, but generally the profits made with trading bonus are withdraw-able provided some conditions are met. Almost all brokers that offer no deposit welcome bonus impose strict terms & trading volume requirements before you can withdraw any profits.

It is best to read the terms of the bonus before signing up, so that you don’t get surprises later.

Are no deposit bonus brokers safe?

Unfortunately not all brokers are safe. Most brokers that offer no deposit bonuses are not trusted. That is why it is really important to only choose a broker that is reputed & well regulated. If a regulated & popular broker is offering no deposit bonus then there are lesser risks.

As per our check XM broker, fxopen are brokers that are regulated with at-least 1 top tier regulator & offer no deposit bonus. But you should still carefully read terms of these brokers before signing up for any of their bonus.

No deposit bonus brokers comparison summary

Here are our 3 recommended best no deposit bonus forex brokers for 2020.

Trading cfds is risky. Your capital is at risk.
Disclosure: we earn a commission if you sign up with a broker through referral links in this review. This helps us cover the expenses for running the website.

XM $30 welcome no deposit bonus

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Risk disclaimer

Risk warning: trading leveraged instruments such as forex & cfds are risky and can result in lose of your capital. Read full risk disclaimer..

So, let's see, what we have: some forex brokers offer 100% deposit bonus but not all of them are real. Here's a list of forex brokers with the best 100% deposit bonus at best forex broker with free bonus