Best forex broker promotion

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.

Best forex bonuses

Top 10 Best Forex Brokers with Bonus and Promotions for 2021, best forex broker promotion.

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. 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.

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.

Using the best forex bonus for boosting your account equity

Forex trading is an attractive money making opportunity that has taken the financial markets by storm. Unlike traditional forms of investing, FX trading does not require you to have massive amounts of capital to invest in the forex markets. Nevertheless, the forex retail trading offers numerous offers and attractive promotions to entice new traders into sampling the forex market without risking their own money. Promotions are offered in different forms, which are offered either as forex bonuses or as prize rewards. Some of the best forex bonus offerings in the market can match up to 200-300% of the initial deposit made by a trader, while other promotions include cash rebates, no deposit bonuses, seasonal gifts, free electronic gadgets, and more.
Reviewers do not generally endorse forex bonuses due to the various conditions associated with these promotions. Brokers are often stringent in their guidelines that limit the freedom for traders while handling their money. In fact, some brokers are known to actively block their clients’ trading capital until the traders meet the required bonus terms. We have witnessed a significant number of financial scams and several instances of consumer abuse that can be directly attributed to the bonus terms and conditions, which have led to a massive amount of negative reputation for the forex market as a whole.
Bonuses are not all that unattractive, as some of the top forex brokers offer great forex bonuses that are devoid of any challenging or uncompromising guidelines. These bonuses can help you to increase your trading capital without assuming any unwanted risks. A trader-friendly forex bonus package provides you with an incredible amount of leverage and the freedom to open trades with a higher trading capital. Professional traders consistently take advantage of the leading bonus offerings in the industry to increase their market exposure and enjoy more profits from their increased capital inflow. Forex offers can act as a great asset in FX trading, especially if you are aware of your rights as an investor and are proactive in exercising due diligence while making your initial deposit.

Recommended forex brokers

Why do brokers provide A forex bonus & how much?

Forex brokers generally provide bonuses as an incentive for signing up, which enables traders to test the company’ various FX products and services. Forex bonuses are not to be confused with a novelty feature, as these promotions are similar to the conventional rewards and gift programs that are commonplace in the retail consumer market. In forex trading, the gifts are replaced by tradable funds in the form of trading credits, which offer monetary compensation for making a deposit or for transacting the required number of lots in the market. The primary goal for any rewards-based program is to attract new customers, regardless of their geographical location or professional trading history.
Forex brokers offer bonuses that start at 5% of the initial deposit made to a trading account, which can go all the way up to 500% depending on the broker. Regulated brokers mostly stay away from any bonus programs due to the conflict of interest with their clients, but there are a few regulated FX companies that provide a bonus ranging from 10% to 50% of the deposit amount. Brokers may also offer bonuses and rewards for traders that are willing to switch their accounts to a new broker. However, it is highly interesting to note that bonuses are primarily reserved for new traders and customer acquisitions, with only a handful of companies opting to provide continued promotions for their existing clients and their additional deposits. The choice of your broker will ultimately decide the amount of bonus that qualifies for your deposit amount and the conditions associated with receiving such a bonus.

What are the different types of forex bonuses?

There are different categories of forex rewards and promotions that are designed to target a broad range of traders from various parts of the forex market. Here are some of the best forex bonuses that are popular among both brokers and retail forex traders:

Deposit bonus

The deposit bonus is a conventional forex bonus that is directly proportional to the trading capital deposited into a brokerage account. Brokers are very clear about the exact size of bonus that is available for a particular amount of deposit, which is usually measured in percentage terms. Some brokers might offer a fixed deposit bonus system according to their products portfolio, but for simplicity purposes, deposit bonuses are usually offered as a percentage of the initial deposit. Most regulated brokers offer a bonus in the range of 5-50%, while forex bonuses as high as 200-300% are not uncommon.

No deposit bonus

No deposit bonus is a bonus program that is offered to traders without stipulating any minimum deposit requirements. No deposit bonuses are small account boosters that are worth anywhere from $1 to $500, which in turn allow clients to test the platforms under real trading conditions without making a deposit. Regardless, most no deposit bonuses have very severe trading conditions when it comes to withdrawing profits. Almost all brokers usually don’t permit their clients to withdraw the bonus money, but there are a few companies that might allow partial or full withdrawal once the trader completes the required number of lots. Be careful about using these no-deposit bonuses if you are looking to make a deposit in the future, as there might be hidden conditions that might prevent you from withdrawing your own money without satisfying the broker-induced conditions.

Account transfer bonus

Account transfer bonus is an incentive program designed to help traders switch their brokerage accounts by transferring their funds from one broker to another. Several large and professional traders often make use of this type of bonus to increase their trading capital without actually investing in the markets. Some brokers offer as much as 25% bonus for transferring all of the funds from another broker to their own account, while traders can increase this bonus further by negotiating tactfully with the company representatives. Of course, this kind of bonus cannot be withdrawn directly, unless the trader transacts the minimum amount of volume in the markets to offset the broker’s bonus costs.

Loyalty program

Loyalty programs are designed to increase customer morale, especially for existing clients who have faced heavy losses in the market. Brokers understand the need for enticing traders with promotions and forex offers that will keep customers trading on the same platform, instead of moving on to greener pastures. Loyalty programs are often provided by high-quality FX brokers that are incredibly committed to the best in customer satisfaction. Mainstream forex brokers have different loyalty programs that are specifically tailored to individual client preferences.

Seasonal promotions

Seasonal promotions are a huge part of forex bonuses, especially during holidays and events that are accompanied by immense market volatility. Brokers try to cater to traders from different geographic locations by releasing seasonal bonus programs that are only available for a limited period. Seasonal FX bonuses are not as reliable as the traditional bonus programs, especially since most seasonal promotions might have expired by the time a trader comes to learn about it.

Cash back and rebates

Forex trading is an expensive financial product that has many associated fees of trading such as spreads, commissions, and swaps. During the course of a trading career, a trader will transact multiple times the amount of his or her trading capital, especially since most traders enter multiple positions and exit them at nominal profits or losses. The minimum margin requirements and higher leverage also give traders an opportunity to control large positions, which ultimately result in increased cost of trading. Brokers earn quite a significant chunk of these expenses, especially market maker brokers, who are known to profit from their clients’ losses.
Traders are provided an opportunity to sign up for cashbacks or rebates as part of their trading account, so as to create a sense of personalization and devotion among clients. These cashback features are often linked to loyalty programs, which increases according to the duration of trading and the magnitude of the trading account. Therefore, older clients that transact substantial volumes in the market will receive more money as cash backs, spread rebates, or outright cash rewards than newer clients. Such a move will ensure that existing customers will take advantage of these programs to earn more money in the long run.

Affiliate bonuses

Affiliate marketing is a large part of FX trading, especially in countries where forex brokers have a negligible presence. Affiliates and introducing brokers act as a company representative in lesser-known geographic locations, and are free to interact with the clients in accordance with the rules set forward by the broker. Therefore, affiliates and ibs sometimes enjoy a certain amount of freedom to stipulate bonuses, rewards, and other gifts to tempt traders into opening an account with the company. Affiliate bonuses can change from time to time and are not considered to be as reliable as a regular bonus.

VIP bonus

Institutional traders and professional investors receive custom-tailored VIP bonuses for making a large investment into a brokerage account. Unlike retail traders that deposit a few hundred or even thousands of dollars into a trading account, professional traders are known to trade with millions of dollars as trading capital. Brokers might attract these traders by offering a fixed return on these large trading funds, a hefty bonus, and even other types of rewards that will help larger traders to make the investment decision based on the benefits. However, professional traders are highly concerned about the security of their funds, and will not deposit money into a broker unless they are satisfied with the overall regulatory compliance and reliability of the company.

Electronic gadgets & gifts with redeemable points system

Another new concept in forex trading bonuses is a reward-based points system that qualifies traders to buy free electronic gadgets and other accessories by redeeming the points accumulated through trading and other financial transactions. Although this type of reward system is not as popular as the conventional FX bonus, a few brokers have experimented with this concept successfully. Electronic gadgets under these kinds of promotions can range from small media devices such as ipods to smartphones, tvs, laptops, tablets, and home theater systems.

Staying on top of seasonal forex offers

It is naturally very easy to find the best forex bonuses from brokers if they are offered to all clients regardless of any timeframe. However, brokers are known to introduce amazing new bonus programs and forex offers that are simply too good to be missed. These bonus packages are usually made available for limited period of time, which makes it important for traders to stay on top of these seasonal reward programs by signing up for relevant newsletters from brokers or affiliate partners. At bestfxbrokers.Com, we keep track of all the best FX bonuses provided by top forex brokers to offer you the best environment to grow your trading capital.

Top reasons to decline A forex bonus

Forex bonuses are common among FX brokers, but it does not mean that you have to accept them all the time. Forex bonuses have some limitations and drawbacks, which may hinder a good trading experience. Here are a few reasons why you should decline a FX bonus, immaterial of how attractive it may be:

If your broker imposes severe restrictions on your trading capital.

If the broker is not clear and transparent about its bonus terms and conditions.

If the broker offers you free money at the pretext of making a deposit that cannot be withdrawn for some reason.

If the broker lures you into FX trading by offering false or improbable promises.

If accepting a bonus forces you into over-trading or deviating from your trading strategy.

If you are dealing with a non-regulated forex broker.

Paying more attention towards the quality of A broker, rather than their forex bonus

While bonuses may seem like a smart choice for traders during the initial phase of their trading career, you should always pay close attention towards choosing a high-quality broker that is regulated by a reputed regulatory organization. You should realize the fact that the safety of your funds is more important than getting a bonus, regardless of how striking the bonus might seem to be. A regulated and reliable broker will always offer you a better trading environment, ensure better security for your funds, and an excellent return on your investment over the long haul than any other dubious broker that may promise insane bonuses at the time of opening an account.
Most reliable brokers that have many years of experience in the industry do not offer a bonus due to the very fact that a bonus can create rifts between the broker and the trader. For the same reason, regulatory organizations also keep a close watch on their member brokers to ensure that there are no financial disputes between the company and its clients due to external reasons such as bonuses and promotions. Yet, it does not spell disaster for traders that thrive on bonus, as you can find brokers that offer the best of both worlds without making any compromises on their customer-oriented approach.

Best forex broker promotion

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.

�� forex no-deposit bonuses 2021

nodeposit bonus	bonus	valid till
7bforex \| no-deposit bonus	$25	dec/31/2021
AGEA \| $5 no-deposit bonus	$5	dec/31/2021
almahfaza \| phone verification bonus (in arabian)	$50	dec/31/2021
arum trade \| “first investment” no-deposit bonus	$30	dec/31/2021
atlasforex \| $50 USD no-deposit bonus (in japanese)	$50	jan/31/2021
bityard \| beginner rewards	4 USDT	dec/31/2021
bullseye markets \| $25 USD no-deposit bonus	$25	dec/31/2021
bybit \| $10 registration bonus	$10	dec/31/2021
bybit \| social media bonus	$5	dec/31/2021
bybit \| survey bonus	$5	dec/31/2021
cfmerchants \| $50 welcome no deposit bonus	$50	dec/31/2021
corsa capital \| $100 no-deposit fixed welcome bonus	$100	dec/31/2021
cube global \| $20 no-deposit bonus	$20	dec/31/2021
CWG \| hi account! $50 USD no-deposit bonus	$50	dec/31/2021
elite fin FX \| free $20 no-deposit bonus	$20	dec/31/2021
emporio trading \| $30 USD no-deposit bonus	$30	dec/31/2021
FBS \| level up bonus FREE $140	$140	dec/31/2021
FBS \| no-deposit "trade 100 bonus"	$100	dec/31/2021
FBS \| quick start $100 no-deposit bonus	$100	dec/31/2021
forex.Ee \| 15 USD welcome no deposit bonus	$15	dec/31/2021
forexchief \| no deposit bonus $50 (in indonesian)	$50	dec/31/2021
fortfs \| $35 USD no-deposit welcome bonus	$35	dec/31/2021
freshcent \| 300 cent bonus "start working with a gift!"	$3	jan/31/2021
freshforex \| no deposit bonus $2021	$2020	feb/28/2021
FX TRB \| $50 no deposit welcome bonus (in thai)	$50	dec/31/2021
fxcess \| $10 no-deposit email verification bonus	$10	dec/31/2021
fxcess \| $15 no-deposit phone verification bonus	$15	dec/31/2021
fxgiants \| email verification bonus	$30	dec/31/2021
fxgiants \| phone verification bonus	$15	dec/31/2021
fxopen \| $1 no deposit bonus for micro accounts	$1	dec/31/2021
fxopen \| $10 no-deposit bonus	$10	dec/31/2021
fxoptexgroups \| $30 USD free account	$30	dec/31/2021
fxplayer \| $100 no-deposit bonus	$100	dec/31/2021
fxprivate \| $10 "only for friends" no-deposit bonus	$10	dec/31/2021
fxprocent \| $300 cents no deposit bonus	$3	dec/31/2021
FXQM \| $30 USD welcome bonus	$30	dec/31/2021
gannmarkets \| $30 welcome bonus	$30	dec/31/2021
GICM \| $25 no deposit bonus	$10	dec/31/2021
global crypto exchange \| subscribe for your 1000 FREE tokens	$100	mar/20/2021
GNT capital \| $50 USD trading bonus	$50	dec/31/2021
GOFX \| $30 free trading bonus (in thai)	$30	dec/31/2021
heart forex \| $100 welcome bonus	$100	dec/31/2021
hexta prime \| $30 USD no-deposit bonus	$30	dec/31/2021
instaforex \| $3,500 startup no-deposit bonus	$3500	dec/31/2021
IUX market \| account open bonus $30	$30	dec/31/2021
kaje forex \| $50 USD welcome no-deposit bonus	$50	dec/31/2021
meefx \| welcome no-deposit bonus $5 USD	$5	dec/31/2021
mitrade \| 50 USD trial bonus	$50	dec/31/2021
noble sky \| USD 500 reward for login	$500	dec/31/2021
noble sky \| welcome new year gift of USD 1000	$1000	mar/05/2021
PPM PRIME \| $40 free to trade no deposit bonus	$40	dec/31/2021
redstonefx \| $88 no-deposit bonus	$88	dec/31/2021
roboforex \| $30 welcome bonus	$30	dec/31/2021
seven capitals \| new year´s exclusive real $100 account	$100	jan/31/2021
SFEX \| $50 no-deposit welcome bonus	$50	dec/31/2021
sinosoft FX \| trade free with $20 no-deposit bonus	$20	dec/31/2021
superforex \| $50 no-deposit bonus	$50	dec/31/2021
templerfx \| no deposit bonus 30$	$30	dec/31/2021
tiomarkets \| $25 USD no-deposit bonus	$25	mar/31/2021
tradehall \| $50 welcome no-deposit bonus	$50	dec/31/2021
tradeland \| $50 welcome no-deposit bonus	$50	dec/31/2021
traders trust \| $100 USD no-deposit bonus	$100	dec/31/2021
unicorn brokers \| $50 free bonus for afghanian customers	$50	dec/31/2021
upforex \| $100 no-deposit welcome bonus	$100	dec/31/2021
velocity trades \| $25 no deposit bonus	$25	dec/31/2021
windsor brokers \| free account $30	$30	dec/31/2021
world forex \| $10 or $20 USD bonus	$20	dec/31/2021
world trade investment \| $50 no-deposit bonus	$50	dec/31/2021
XM group \| $30 no-deposit bonus	$30	dec/31/2021
xtreamforex \| $25 no deposit bonus	$25	dec/31/2021

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Gannmarkets - welcome bonus 30 USD

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Milton markets - welcome bonus $50

Withdrawal conditions: 10lots of transactions completed after deposit ;
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Instaforex - $2000 startup no-deposit bonus

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Freshforex - 300 USC no deposit bonus

The promotion is valid from december 11, 2020 to january 31, 2021 ;
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Xtreamforex | $25 no deposit bonus

Getting ready to start your trading without committing an investment. No deposit bonus for newbies to try out services to start earning profit without risking any of their funds.

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

Easy to claim:- register the live account, verify the trading account. Get the bonus by registering the live trading account.

Start your trading:- after getting the bonus you will able to start your trading to earn more profits with zero investment.

Start date to registration:- no deposit bonus account will start on 7th december 2020 for a limited time.

Maximum leverage is 1:400.

Trading account credited with $25 no deposit bonus is not eligible for commissions and ibrebates.

Forex bonus and promotions

Different options of forex bonus and promotions are your right ticket to the professional world of the forex market and constant income.

Join any forex promotion from freshforex and get the most out of your trading. Any bonus helps you in trading no matter if you are a beginner or a confident and experienced trader. Some of our offers will support your account in the case of drawdown and some of them support you even if you have losing trades. All of the promos and bonuses increase your trading volume and the only thing you need to do is to trade in a regular mode and enjoy it.

This year we are glad to offer you a wide range of opportunities: rebates, interest rate on free funds, bonus for drawdown and other different types of forex bonus.

Be aware of all new suggestions — follow our updates! Do not miss an offer as every is limited in time. We always let you know if it comes to its expiration date or if you are lucky and an offer is expanded. With our forex promotion program we do our best to make your trading more profitable that it has ever been.

Choose a freshforex bonus or promotion that fits your needs, trading strategy, opportunities or even just mood best. We keep creating something new and interesting for you.

Enjoy every cent of your profit — this is your personal success.

Promotions and bonuses

The market moved in the opposite direction and position was closed under stop-out? There is no reason to panic: in case of losses freshforex will return 50% of insured funds!

Do you want to increase your trading volume? Take advantage of the freshforex record bonus — get 300% for each deposit and enjoy the active trading!

You do not know how to cope with a deep drawdown or increase your trading volume? We will help you!

Freshforex has been successfully operating on forex since 2004. Our company continues to grow, improve trading conditions and offer only profitable bonuses and promotions. Now we cancel deposit commissions! Top up your account and trade with pleasure — let us worry about commissions!

Specially for you freshforex prepared a promo with the boldest terms to insure your trades!

Best forex brokers malaysia for 2021

The forexbrokers.Com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

Trading forex (currencies) in malaysia is popular among residents. While any internationally regulated forex broker can accept clients from malaysia, it is an additional benefit to also hold a capital markets services license (CMSL) from the securities commission of malaysia (SCM), which is the financial regulatory body in malaysia. SCM's website is sc.Com.My. We recommend malaysian residents follow the SCM on twitter, @seccommy.

Established in 1993, SCM is malaysia's financial markets regulatory body. In april 2018, SCM issued guidelines for contracts for difference (CFD) providers including brokers offering derivatives, under the capital markets services act of 2007, which will become effective july 1st 2018. As a result, we expect more regional brokers will register with SCM in order to acquire a CMSL. For a historical breakdown, here's a link to the securities commission malaysia's webpage on wikipedia.

Best forex brokers malaysia

To find the best forex brokers in malaysia, we created a list of all internationally regulated forex brokers, then ranked brokers by their trust score. Here is our list of the top forex brokers in malaysia.

IG - best overall broker 2021, most trusted

Saxo bank - best for research, trusted global brand

Interactive brokers - great for professionals and institutions

City index - excellent all-round offering

XTB - best customer service, great trading platform

FOREX.Com - great all-round offering

Avatrade - multiple trading platform options

Malaysian forex brokers comparison

Compare malaysian authorised forex and cfds brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's forexbrokers.Com trust score.

Forex broker	accepts MY residents	average spread EUR/USD - standard	minimum initial deposit	trust score	overall	visit site
IG	yes	0.745	£250.00	99	5 stars	visit site
saxo bank	yes	0.800	$10,000.00	99	5 stars	visit site
interactive brokers	yes	N/A	$0	94	4.5 stars	visit site
city index	yes	1.100	£50.00	93	4.5 stars	visit site
XTB	yes	0.860	$0.00	92	4.5 stars	visit site
FOREX.Com	yes	1.400	$100.00	93	4.5 stars	visit site
avatrade	yes	0.910	$100.00	93	4 stars	visit site
XM group	yes	1.600	$5-100	84	4 stars	visit site
FP markets	yes	1.140	$100 AUD	81	4 stars	visit site
pepperstone	yes	1.160	$200.00	90	4 stars	N/A
IC markets	yes	0.800	$200	83	4 stars	visit site
tickmill	yes	0.530	$100.00	81	4 stars	visit site
fxpro	yes	1.510	$100.00	89	4 stars	visit site
vantage FX	yes	1.350	$200	79	3.5 stars	N/A
moneta markets	yes	1.300	$200.00	79	3.5 stars	N/A
HYCM	yes	2.00	$100	84	3.5 stars	visit site
eightcap	yes	$100	69	3.5 stars	N/A
VT markets	yes	1.30	$200	79	3.5 stars	N/A
blackbull markets	yes	0.76	$200	70	3.5 stars	N/A
octafx	yes	1.100	$5	59	3.5 stars	N/A
easymarkets	yes	0.900	$100.00	81	3.5 stars	N/A
hotforex	yes	1.20	$50	83	4 stars	N/A

How to verify SCM authorisation

To identify if a forex broker is regulated by SCM, the first step is to identify the register number from the disclosure text at the bottom of the broker's malaysia homepage.

Next, look up the firm on the SCM website to validate the current regulatory status of the broker in malaysia. Here is the official page with the public register of license holders on SCM.

It's also worth noting that bank negara malaysia, which is the central bank of malaysia that regulates money service businesses and forex dealers, issued guidelines for digital currencies (cryptocurrency) requiring companies to comply when dealing with crypto assets.

More forex guides

Methodology

For our 2021 forex broker review we assessed, rated, and ranked 27 international forex brokers. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex risk disclaimer

"there is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." learn more.

About the author: steven hatzakis steven hatzakis is the global director of research for forexbrokers.Com. Steven previously served as an editor for finance magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Trading cfds, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading cfds with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how cfds, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The forexbrokers.Com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this website (www.Forexbrokers.Com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with forexbrokers.Com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses forexbrokers.Com or any of its reviews, products, or services. Forexbrokers.Com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

IG - 76% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.

OANDA - cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Advertiser disclosure: forexbrokers.Com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.G. Exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.

Disclaimer: it is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While forexbrokers.Com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by forexbrokers.Com, nor shall it bias our reviews, analysis, and opinions. Please see our general disclaimers for more information.

Best forex brokers in nigeria for 2021

We compared & then selected the 8 best forex brokers in nigeria that are regulated with FCA (UK), cysec & FSCA.

Forex trading is a popular financial instrument for investing in the markets. However, choosing the right forex broker can be a tricky task.

In a rapidly developing country such as nigeria, there are so many good brokers, but there are also a lot more scam brokers operating in the market. So it is really important to only choose trusted & regulated nigerian forex brokers and avoid the bad ones.

In order to help you find the best forex broker, we have tracked & compared over 10 different brokers that accept nigerian investors.

List of 8 best regulated forex brokers in nigeria for 2021

There are various aspects that we looked into in order to assess each broker, these include the broker’s compliance with multiple top-tier regulations, broker reviews, the amount of fee charged (even the hidden charges), leverage offered, minimum deposit, funding & withdrawal methods and time taken etc.

Our below vetted list is created especially for nigerian traders; it will quickly allow you to compare the key features that you need to look for in any reputed forex broker.

Best forex brokers in nigeria

Here’s our updated list of the 8 best performing forex brokers in nigeria in terms of trading & non-trading fees, promptness of deposits & withdrawals, trade execution, support & deposit bonus (last 6 months):

1. FXTM – best forex broker in nigeria (instant order execution, low deposit & easy withdrawals)

Overall rating 9/10

Fees: 1.9 pips average spread for EUR/USD with standard account. And 0.3 pips (plus $0.4 per mini lot) with ECN MT5 account.

Account minimum: ₦2000 or $10 (cent account)

Leverage: 1:1000

Promotion: no deposit bonus available currently

Ranks #1 forex broker in nigeria

Forextime or FXTM is the best forex broker in nigeria, and they are one of the few forex brokers that has local office & phone number in nigeria. They are safe for nigerian traders as they are regulated under various trusted jurisdictions such as the FCA in UK, cysec in cyprus, FSCA and FSC of mauritius. FXTM is our recommended forex broker for nigerian traders.

FXTM’s was founded in 2011 & they are a FCA regulated forex broker, which is a top tier regulation, so we consider them to be a safe broker. They offer various account types, all of them can be funded in USD or naira & have very low minimum deposit requirements starting from just ₦2000 with the cent account. This makes FXTM a very good choice for nigerian traders.

Apart from forex trading, FXTM also offer other instruments such as cfds on commodity futures and cfds on spot metals making them a very attractive choice for traders looking to diversify their portfolio. They have also recently upgraded its range of currencies & now offer 57 major & minor currency pairs.

Another important factor that we look for in a broker is their promptness of support & withdrawals, and FXTM beats other brokers hands down in this area.

FXTM broker offers local customer support in english & has 19 deposit & withdrawal options which includes many methods for nigerian traders including bank deposit & card payment. Even allows users to create a demo account in order to build their confidence and learn the art of trading. FXTM also offers a wide range of educational material to its clients, including trading webinars.

FXTM is a highly regulated forex broker, so trading with them is safe. They are regulated globally with 3 top tier regulators i.E. FCA(UK), FSCA & cysec.

You can start trading with ₦2000 deposit, making them a good option for new traders.

Low spreads for most major & minor currency pairs including EUR/USD with ECN MT5 account.

Fast withdrawals in nigeria.

Live chat support is available 24/5 & for few hours during weekends. Their support overall is quite good.

FXTM has bit higher spread with their standard accounts compared to other brokers. For ex. Their typical EUR/USD spread with standard account is around 1.9 pips on average, but its still competitive.

2. Hotforex – best regulated forex broker with low spread & 100% deposit bonus

Overall rating 9.0/10

Typical fees: 1.2 pips spread for EUR/USD with micro account & 0.3 pips with zero account. This would be variable depending in the market conditions.

Account minimum: $5 (₦2000)

Leverage: 1:1000

Promotion: get 100% bonus on new deposits with at-least ₦30,000 deposit required.

Ranks #2 forex broker in nigeria

Hotforex is our recommended low cost broker for nigeria. They have a local office & phone support in nigeria & are a highly regulated broker (FCA, FSCA & cysec). They are a 100% STP broker which ensures very fair dealing. Plus they offer very good order execution on all trades, have really low spreads for EUR/USD & other majors, and very good customer support as well. We highly recommend hotforex for beginner traders looking for a well regulated low cost broker in nigeria.

Hotforex was established in the year 2010. They are regulated with FCA (UK), cysec & even financial sector conduct authority (south africa), so we find them to be a trusted broker for nigerians.

They have very low minimum deposit, as low as $5. Also, they offer extremely competitive spread of 0.3 pips for EUR/USD with zero account (1.2 pips with premium, micro accounts), 0.8 for USD/JPY, 0.6 for GBP/USD (this may vary depending on the market fluctuations).

Further, hotforex offers trading on various platforms that can be accessed from android, iphone and desktop. You can trade on the metatrader 4 or metatrader 5 platforms, both of which are the most widely used trading platforms in the world.

Hotforex also offers local bank withdraw and deposit methods for nigerian traders, and there are many wallet options as well. Plus, hotforex have ongoing deposit bonus promotion available for traders in nigeria.

Hotforex is a highly regulated broker, as they are regulated by 3 top-tier regulatory authorities FCA, FSCA & CYSEC. This ensures very fair dealing.

Low minimum deposit requirements of $5.

Hotforex has one of the lowest spread of all the brokers that we have compared. Around 0.3 pips typical spread for EUR/USD with their zero account.

Very attractive 100% sign up bonus for new customers & good loyalty program for existing customers.

Hotforex offers local deposit options like bank transfers for nigerian customers. You would need to talk to their live chat for the local bank funding options.

Very good support available via live chat, phone & emails.

100% depoit bonus available for every deposit of $250 or higher.

Their commission per lot of $6 (roundturn) with zero account is higher than other brokers like IC markets, FXTM that offer similar low spread ECN type accounts.

3. Octafx – low spread broker, commission free local deposits, withdrawals & 50% deposit bonus

Overall rating 8.9/10

Fees: 1.1 pips typical spread for EUR/USD with MT4 micro accounts. And 0.7 pips (plus $0.3 per mini lot) with ECN ctrader account.

Account minimum: $50 (₦18,000)

Leverage: 1:500

Promotion: 50% deposit bonus on all deposits

Ranked #3 forex broker in nigeria

Octafx is a cysec regulated forex broker that also accepts nigerian clients. They offer good trading conditions including competitive spread, fixed as well as variable spread MT4 accounts, local nigerian bank deposit & withdrawal methods, and multiple trading platforms i.E. MT4, MT5 & ctrader for mobile, web, and desktop.

Octafx is a forex & CFD broker that was established in 2011. They have 3 account types i.E: MT4 micro account for new traders with spread starting from 0.4 pips, the MT5 account for expert traders with 0.2 pips spread & ctrader ECN account for professional traders with the lowest raw spread & direct market execution. All their accounts have good trading conditions with support for scalping & hedging.

Their trading instruments on offer are limited though, as octafx offers forex trading on 28 currency pairs, and CFD trading on metals, energies, indices & cryptocurrencies. But they have competitive spread on their available trading assets, especially for traders who are looking to trade major currency pairs, and 3 main cryptos (bitcoin, ethereum and litecoin).

Their support is also very responsive in handing issues. Their live chat support is available for 5 week days, and email support is available 24/7. They also have whatsapp text support available. But they don’t have a nigerian phone number currently.

The funding & withdrawal options at octafx are very wide for nigerian traders. They offer instant funding via skrill, neteller, and quick zero fees funding via bank transfer, or cash, or ATM in their gtbank account. Also they offer BTC funding & withdrawal.

Octafx is a cysec regulated forex broker, so it is considered safe for nigerian traders to trade with them.

Their spreads for major currency pairs is quite competitive. For ex. Their spread for EUR/USD starts from 0.4 pips even with their beginner MT4 micro account.

Local deposit & withdrawals options available in nigeria, and they don’t charge any fees with this method. Also instant wallet funding and withdrawals options are available.

Their support overall is good, as their live chat support is available 24/5, and their email support is available 24/7.

They have a 50% deposit bonus available for all deposits.

Octafx has lesser trading assets available as compared to other forex brokers. They have 28 currency pairs, cfds on 4 metals, 10 indices & 3 cryptos (bitcoin, litecoin, ethereum).

Best forex bonuses for traders

Forex bonuses aren't available in all jurisdictions, but when they are available, they can provide great incentives to traders looking for their first broker or for a new broker. Here you will get the scoop on updated bonuses and promotions being offered by our most recommended brokers. We also explain to you how each type of forex bonus works, and what each broker offers, so that you can make an informed decision.

Here is a list of bonus campaigns from seven well-established brokers:

Collect up to $5 with every trade

FXTM loyalty program registration required

Trusted and well-regulated broker

Low minimum deposit of $10 with a maximum leverage of 1:2000

Excellent educational division and in-depth market research

Competitive pricing environment

FXTM invest supports retail account management

Third-party add-ons for MT4/MT5

IFC markets

The requirement for a welcome bonus is a minimum deposit of $1,000

Trusted broker with over 14 years of operating experience

Innovative proprietary trading platform

Over 600 assets plus 30,000 synthetic ones

Competitive spreads and maximum leverage of 1:400

Autochartist and comprehensive in-house research

Excellent educational section

Moneta markets

$500 minimum deposit required

Member of trusted vantage international group

User-friendly proprietary trading platform

Excellent trading tools

Maximum leverage of 1:500

Web TV channel

Daily technical trading recommendations

Available only in certain countries. T&cs apply

Multi-regulated and trusted trading environment

Comprehensive asset selection

Competitive commission-free spreads

Maximum leverage of 1:888 from a minimum deposit of $5

No requotes or dealing desk

Outstanding trading tools and add-ons for MT4/MT5

Fineco bank

Must be used in the first two months

Leading italian bank and online broker in europe

Excellent proprietary trading platform

Outstanding asset selection

Very competitive cost structure

Automatic ETF investments

In-depth educational offering

How do forex no deposit bonuses work?

With demand for forex trading experiencing a renewed surge, making the most liquid financial market even more popular, the competition among forex brokers is equally heating up. A forex bonus represents one key offering that can often sway a new trader to pick one broker over another one, especially if the core trading environment, from trading platforms, asset selection, and cost structure, is similar. Emerging and frontier markets represent the bulk of new entrants to the world of trading but developed markets account for the most substantial deposits. While some regulatory jurisdiction passed legislation banning bonuses and limiting leverage, most notably the european securities and markets authority (ESMA), forex brokers under its jurisdiction operate under a distinct disadvantage. Cyprus falls under this category, making all cyprus securities and exchange commission (cysec)-only regulated entities a less desirable option for the high-growth countries globally.

Many cysec brokers open subsidiaries in business-friendly jurisdiction and off-shore locations, which generally is a very cost-efficient method to expand the operational reach and offer an attractive trading environment for all international traders. One of the most sought-after promotion remains the forex no deposit bonus. It is available to all new traders for opening an account, and as the name suggests, traders are not required to make an initial deposit. Forex brokers use them to attract new traders to their trading environment and allow them to experience it in a live setting. The amount is usually small and enough to open one position. Some brokers run promotions with more substantial bonuses of up to $100, especially during festive seasons or essential corporate milestones.

While a forex bonus without deposit may sound appealing at first, interested traders must consider the terms and conditions associated with it. Since forex brokers operate a business, each incentive must primarily benefit them. The rules can differ from broker to broker, but generally, traders cannot withdraw profits earned from the bonus until they make a deposit first. The minimum amount of the deposit is often equal to the no deposit bonus, so if you received $20, you must deposit at least $20 before you can withdraw any profits. The bonus amount is not available for withdrawals unless specified otherwise by the broker. In case of a withdrawal bonus amount, traders must meet trading volume requirements, which tend to be excessive. One example would be to trade 1.0 standard lot per bonus dollar received, resulting in 20.0 lots in our $20 scenario noted above.

Since most retail traders lose money, most brokers will never have to pay out anything while creating a lucrative revenue stream. Many brokers get paid by their liquidity providers for generating trades, and through the no deposit bonus, they attract an army of eager traders chasing returns. It allows brokers to earn a significant amount of cash flow, risk-free to them. The idea behind any forex free bonus is to attract deposits from new traders. The strategy usually pays off, and while most will never benefit directly from the incentive, it is possible to incorporate them successfully. They often serve as a platform for emerging and frontier traders to get interested in forex trading and slowly grow their knowledge and portfolios.

Is A forex no deposit bonus A welcome bonus?

Many traders may view a no deposit bonus as a welcome bonus since forex brokers deploy it exclusively to new traders without an existing account, but this is incorrect when looking at the details. There are distinct differences between the two, which is also evident in marketing campaigns for both types of incentives. The former requires no deposit, and forex brokers award it upon successful completion of the mandatory verification process of new accounts. The latter generally applies with a generous percentage-based offer on the initial deposit. While most bonus money from a no deposit campaign is not withdrawable, the opposite applies for a welcome bonus. Therefore, the terms and conditions may also differ, and most forex brokers use various bonus campaigns to attract a different type of trader.

Those traders seeking a no deposit bonus usually have little capital to trade, are new to the forex market and will deposit a small amount equal to the granted bonus to make a withdrawal if they generate profits. The retention rate of those traders is low, as many lose the no deposit money and will not make a deposit. Forex brokers have only a one-time limited opportunity to earn income via commissions from their liquidity providers. Since accounts require verification, brokers have all the necessary contact information to target new traders with follow-on incentives to make a deposit and continue trading. In many cases, the next step would be a welcome bonus tied to an initial deposit. Attracting new traders with generous incentives is pointless for brokers if they cannot retain them.

Marketing campaigns for a welcome bonus, despite applying to all new account openings, target traders capable and willing to make higher initial deposits. They are also often used to entice new clients to decide on a more substantial deposit than they initially planned. From a statistical perspective, the majority of traders make the same mistakes. One of the most significant errors is the failure to build a portfolio via multiple deposits over time. Forex brokers are aware that the initial deposit could be the only one a new client will commit. A welcome bonus helps brokers capitalize on this retail trader flaw, as it usually applies only to the first deposit. With the right marketing approach for this incentive, many new traders decide to boost their initial deposit to receive a more lucrative forex sign-up bonus. Again, it remains essential to read and understand the terms and conditions.

Another way to view a no deposit bonus and a welcome bonus is that the former will attract new traders to test the trading environment of the broker. It is followed by the latter to ensure the trader will commit the maximum initial deposit amount. The higher the account balance of a portfolio, the more assets traders can hold, which can increase the profit potential and reduce risk. The marketing strategies for a no deposit bonus forex campaign will often differ, but some brokers blur the lines between the two. One example would be a welcome bonus forex $50 promotion, or an alternative amount, which would be a no deposit bonus rather than a traditional welcome bonus.

What can you do with A free no deposit bonus?

Many may consider a small free no deposit bonus irrelevant, but there are numerous beneficial uses for it. It is not only suitable for new traders but can also be used by seasoned ones for various reasons. Let us take a look at how those new to trading can benefit from a no deposit bonus forex promotion. One of the best uses is to learn how to trade. Those with a misguided preference for demo trading do so in a simulated environment, which is not ideal for educational purposes. A forex no deposit bonus applies to a live and verified trading account, which means that new traders can learn how to trade without making a deposit. It is essential to understand that in most cases, traders will lose bonus money in the process, but the lessons learned are priceless.

New traders with a genuine intention to learn how to trade will follow through with a deposit to continue their educational path. Another excellent use of a forex bonus is to test the trading environment for execution speed, requotes, and slippage. It is impossible to do this in a demo account, which is mostly useless for the majority of advertised purposes, and more brokers replace it with a forex bonus without deposit. While the primary use of any incentive is to attract new traders, and the majority are first-time clients, established ones can also benefit from a forex free bonus.

Advanced traders may use any forex sign-up bonus to test new trading strategies in a live trading account. Given the limited amount of any such offer, for example, a welcome bonus forex $50 offer, the transaction size should only be 0.01 lots. It is sufficient to test any strategy and also ideal for those seeking to adjust an existing one. Developing new ones is another task best accomplished risk-free through a no deposit bonus. Since this bonus generally applies to new traders at a broker, existing traders have to seek out a secondary broker to take advantage of any offer for testing purposes. Diversification of a portfolio across multiple brokers will reduce the overall risk profile, so this will be an excellent option to get to know different brokers.

Traders who prefer to trade a portfolio with an electronic advisor (EA) in an MT4 or MT5 trading account will be able to test them with a no deposit bonus. Since there are over 20,000 available, many completely free of charge, it will be challenging to find one that delivers promised results. Most free ones fail to generate profits consistently. Instead of risking capital, taking advantage of any no deposit bonus will allow traders to test any EA for several months in live trading conditions before deciding to commit a more significant deposit to one. Irrelevant to the use of any incentive, traders must understand that forex brokers will never make an offer that does not benefit the company first. To successfully use a no deposit forex bonus offer, make sure to understand the terms and conditions, and do not chase requirements to withdraw money. Be smart, use it for educational, evaluation, or testing purposes, and ignore the rest. Should you become profitable through any of the mentioned loss-making approaches, consider it as a definite bonus that you earned by doing the right thing.

Which broker has a no deposit bonus?

Many brokers are offering a no deposit bonus, but some of the more trusted ones include instaforex, XM, and FBS.

What is a forex no deposit bonus?

A forex no deposit bonus is a type of incentive awarded to traders without the requirement to make an initial deposit.

How can I trade forex without a deposit?

A growing number of forex brokers offer trades small real cash no deposit bonuses to get started.

Where can I find the best forex no deposit bonuses?

Several online databases and lists are featuring current no deposit bonus offers. Feel free to take a look at the ones we outlined here.

How do I claim a forex no deposit bonus?

You must open and verify your new account with your broker. Once verification is complete, it will either apply automatically or after you request/claim it.

This type of forex bonus is ideal for intermediate to advanced traders who will be able to reach certain trade volumes successfully without wiping out. While trading bonuses may sound appealing to new traders, it may be hard for novices to meet the requirements in order to be eligible for the payout.

No deposit bonus

As an incentive, a forex no deposit bonus is extremely rare, mostly because it commits the forex broker to provide something (usually money) to the trader without demanding a deposit. If you can find a forex no deposit bonus, it’s a good idea to read the fine print before submitting your personal details.

Deposit bonus

An ideal incentive for new traders, a forex deposit bonus offers exactly what its name suggests – a monetary award or incentive for new traders who are depositing into their account for the first time. While it may be possible to find deposit bonuses for repeat deposits, this type of forex promotion is not as common as a deposit bonus for a broker’s new clients.

Forex rebates

Another promotion that is suited for intermediate to advanced traders, a forex rebate is the opportunity for a trader to receive money back into his account for every trade placed. This differs slightly from the forex trading bonus, which usually has a set threshold of trading volume that must be met in order to receive the rebate.

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