Best forex brokers with 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.

No deposit forex bonuses

Top 6 Best Forex Brokers with No Deposit Bonus for 2021, best forex brokers with no deposit bonus.

This means that you do not have to deposit any of your own real funds to gain access to this no deposit bonus. 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.

Top 6 best forex brokers with no deposit bonus for 2021

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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.

Top 10 best forex brokers with bonus and promotions for 2021

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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.

10 best forex brokers who offer no deposit bonus

When you choose to register as a new trader in the foreign exchange markets, some brokers provide you with a free funds in your trading account. In this article, we discuss ten of the best forex brokers with no deposit bonus options online.

What does “no deposit bonus “mean?

The term “no deposit” means that the brokerage company you chose to trade with allow to start trading without having to worry about funding their own trading account.

Usually your broker will provide the trader with a certain amount of money as a welcome benefit.

This advantage allows the trader to learn to trade the market without having to invest any of their own personal funds into their account.

Is this type of incentive common among forex brokers?

Yes, this is very common amongst brokerage companies across the world. The amount payable to the trader varies depending on the company set-up, but the concept stays the same.

Most beginner traders are a bit sceptical when it comes to investing their own funds in the financial markets. Therefore, firms provide them with the welcome bonus option. The idea is that once the trader feels comfortable with the tools and brokers services, he/she will be more willing to invest their own money into their trading account.

It is important to note that the funds given by the broker cannot be withdrawn by the trader. These funds must be used to learn how to trade and make money online. The broker you choose to trade with will have certain requirements that the trader needs to comply with upon receiving this type of incentive.

How do I receive my welcome bonus?

This all depends on the broker and their company set-up. In most cases, the trader will be required to open an account with the firm and provide their broker with personal details such as name, surname, e-mail address and even in some cases -your mobile number and proof of identity.

It is better to get your account verified before starting to trade. This will make your withdrawing process a lot easier, should you reach a stage where you feel like extracting all the profits incurred.

Advantages and disadvantages of a no deposit welcome bonus

Some of the advantage’s traders can look forward to upon receiving their welcome bonus includes;

As a trader, the biggest advantage you well receive is the fact that you are getting the opportunity to actively engage in the financial markets without having to invest your own money.

Have the opportunity to practise trading in multiple financial markets, some of which include forex, commodities and even cryptocurrencies.

All the profits made during your trading experience is yours to keep.

The bonus has a lifeline. After a certain duration, outlined by the broker, the bonus will expire and no longer cease to exist.

Our list of ten “no deposit bonus” forex brokers in 2020

1. Tickmill

Tickmill, also known as tickmill ltd, is an accredited forex broker that is recognised by the seychelles financial services authority, the cyprus securities and exchange commission and even the financial conduct authority.

This company has more than one hundred and fifty employees working to assist traders to engage in profitable trades online.

When you choose to trade with tickmill, you will be granted immediate access to more than eighty different trading instruments and spread options as low as 0.0 pips.

Start your trading career the right way with the tickmill thirty-dollar welcome account. This option is specifically aimed at new clients who wish to join the tickmill family. As a trader who chooses this account option, you will not have to deposit any funds into your account since tickmill provides you with thirty dollars free to use for trading.

To ensure the safety of their client’s funds, tickmill makes use of a segregated account, in which all their trader’s funds are kept separately from that of the brokers.

Tickmill has an islamic account option for all muslim traders. This account is a swap free option that complies with the sharia laws.

Existing clients cannot use the tickmill thirty-dollar trading account.

New clients are only allowed to open one welcome account with tickmill. This account option will be kept open for a duration of sixty days i.E. Two months.

All people who are interested in opening an active trading account with tickmill as their broker need to be at least eighteen years of age before they can successfully register as a trader with any broker online. Tickmill does require the client to provide legal documentation to verify their trading account before engaging with the markets. These documents can include proof of identity or even proof of residence.

2. Superforex

Choose a broker that has a global presence online. Superforex is an internationally acclaimed broker that has clients located in over one hundred and fifty different countries worldwide.

This broker is regulated with the international financial services commission (IFSC) and has a team of professionals working twenty-four-hours a day to help their clients with all their trading queries.

Superforex supplies their traders with multiple trading account options to use to trade online. These accounts are broken down into two distinct groups; the STP account group and ECN account group. Traders are also provided with a demo account option that allows them to get a practise trading online.

New traders who choose to work with superforex as their broker will receive as welcome bonus of fifty dollars to use to trade with. This incentive is given to those traders who have not yet opening an active trading account with superforex, but are interested in the concept of trading. Simply open and verify an account with superforex before selecting the “get the no deposit bonus” option on their website.

All superforex clients can take comfort in the fact that they will receive twenty-four-hour customer support over five days a week. This ensures that traders can ask for assistance at any time needed.

If you would like to receive a second bonus, traders would need to make a deposit of ten dollars into their account.

Get daily access to forex trading research and market signals when you become a member of the XM family. This broker has been facilitating transactions in the foreign exchange markets since 2009, and has grown to reach international brokerage status, with more than three million traders registered on their platform in over one hundred and ninety-six different countries worldwide.

XM aims to share their expert services with people who are interested in investing in the financial markets. The company has a team of four hundred and fifty staff members who are ready to assist you in becoming the most successful trader in your country.

Besides receiving unlimited access to the financial markets, all XM clients will also get twenty-four-hour customer support over five days a week.

And if that’s not enough, XM provides sixteen different platform for trading, and supports over thirty different language variants on their website.

XM traders will receive a bonus of one hundred-thousand-dollars’ worth of currency when they open a demo account online.

Those traders who opt for a live trading account will receive thirty dollars free that they can use to trade.

The company does not charge their traders with any deposit or withdrawal fees.

All traders who choose to use a debit/credit card for withdrawals will have to wait for a period of two to five working days before the money can reflect into your account.

The company does not allow traders residing in the united states of america, canada, iran and israel to use their services for trading.

4. Roboforex

Roboforex was established in 2009 and has since assisted more than eight hundred thousand traders who are in one hundred and sixty-nine different countries across the world.

Roboforex is a regulated forex broker that is recognised by the international financial services commission belize under the license number IFSC/60/217/TS.

When you choose to trade with roboforex, you are choosing an award-winning broker that holds over then prestigious awards. Some of the most recent titles received by the company includes best global mobile trading app, best broker of CIS and best investment platform.

Roboforex is a regulated forex broker that gives a welcome bonus of thirty dollars (or three thousand cents, depending on which account type the trader chooses) to each and every trader that opens an active trading account online. This allows their traders to learn how to trade online without having to invest too much of their funds during the initial stages of their forex trading journey.

Roboforex provides their traders with the option to invest in eight different asset classes, and access to over twenty secure online payment methods to use to fund their forex trading account with real money.

The company provides traders with a swap-free islamic forex trading account.

The thirty-dollar welcome bonus only applies to traders who choose to use a pro cent or pro standard account on the metatrader 4 platform.

It takes five working days for your welcome bonus to be transferred into your trading account.

5. Fresh forex

Fresh forex has more than fifteen years of experience as a broker in the financial markets. Traders who choose to use this broker as their service provider will be able to trade with leverages of 1:2000 and spreads starting from as little as 0 pips.

Fresh forex is an accredited broker that is recognised by the financial services authority of saint vincent and the grenadines. This broker has clients from one hundred and fifty-eight different countries across the world using their services online and provides access to more than one hundred and thirty tradable instruments.

New clients who sign-up with fresh forex as their broker of choice will receive two hundred and twenty thousand dollars to use to trade online as part of their welcome bonus. To receive this incentive, traders need to open a classic, market pro or ECN trading account online.

All traders who choose to open an account with fresh forex need to be at least eighteen years of age.

The welcome bonus can only be used for seven consecutive days.

6. FBS

FBS is known as one of the most popular international brokerage companies for trading. Over the years, FBS has assisted approximately fifteen million traders in over one hundred and ninety-six countries worldwide.

This brokers mission is to provide their clients with the most innovative platform for trading and supply quality forex trading education online. These resources will ultimately benefit the trader and assist them with making informed decisions online.

FBS is regulated by the international financial services commission belize under the license number IFSC/60/230/TS/19. This firm has been operating as a broker in the financial markets since 2009. Within the first year of operating, FBS had a total of fifty thousand clients registered on their platform.

In terms of trading, FBS allows their traders access to the forex, stocks, metals, and even CFD’s markets.

FBS accommodates all muslim traders who are interested in buying and selling foreign currencies online with a swap-free islamic account.

All new traders who register with this broker will receive a welcome bonus. The trade 100 bonus allows traders to have the opportunity to learn all about trading before investing your own money. FBS issues new traders with one hundred dollars and access to their educational resources online when they sign up as a client with the company.

The FBS trade 100 bonus is only available for a period of thirty consecutive days and allows trading on a minimum of five lots.

All traders living in countries such as the united states of america, japan, canada, the united kingdom, myanmar, brazil, malaysia, iran and israel are not allowed to use FBS services for trading.

7. Instaforex

Receive instant access to more than three hundred different market tools when you register as a trader with instaforex.

This broker has been assisting traders across the word buy and sell foreign currencies online since 2007 and holds a total of more than seven million clients using their platform online.

Instaforex aims to ensure that their clients have all the necessary resources and support they would need to make successful and profitable trades in the foreign exchange markets. The company has more than two hundred and sixty offices located across the world.

Instaforex also supplies their traders with twenty-four-hour customer support for seven days a week. This allows the traders the opportunity to seek assistance at any time, whenever they may need it.

Instaforex supplies new clients with the opportunity to receive a one-thousand-dollar bonus when they choose to use instaforex as their broker of choice. Once a trader requests to receive their welcome bonus, the broke will automatically be credited into your account, should your request be approved.

This broker makes it possible for their traders to access easy and quick deposit and withdrawal methods online.

All traders who receive the one-thousand-dollar welcome bonus will not be allowed to withdraw the funds from their trading account. It is strictly for trading purposes only.

Instaforex requires all new clients to open a trading account on the metatrader 4 platform, should they wish to benefit from this bonus.

8. Fxopen

Engage in ECN trading on the metatrader 4 platform when you register as a trader with fxopen.

Fxopen has been providing their services as a broker since 2005, and allows their clients to invest in the cryptocurrencies, and forex markets online, and provides four very distinct account options for their trading purposes.

Back in 2013, the fxopen london branch was launched and received its regulation license with the financial services authority. The company is registered under the number 579202.

Fxopen provides new clients with an added advantage of a ten-dollar welcome bonus, should they choose to trade with fxopen as their broker of choice. The ten-dollar welcome bonus allows new clients to trade without having to invest their own money.

The fxopen ten-dollar welcome bonus must be used on an STP account option.

New clients who choose to trade with a micro account will only receive a no deposit welcome bonus of one dollar.

Unfortunately, due to regional restrictions that the company holds, all traders living in the united states of america are not allowed to use this broker’s services for trading.

9. Fxgiants

Fxgiants is a multilingual forex trading platform that allows their clients the opportunity to trade with more than two hundred assets. Millions of traders worldwide have chosen this firm to assist them with buying and selling in the foreign exchange markets. This is because the company offers transparent services to their traders.

Fxgiants provides their traders with twenty-four-hour customer support during five days a week i.E. Monday to friday. This broker also makes sure that their clients have multiple funding methods to use to deposit funds and withdraw their profits from their trading account.

When you choose to trade with fxgiants as tour broker of choice, you will receive a thirty-dollar credit bonus courtesy of fxgiants, should you choose to versify your account via email.

New clients who choose to use mobile verification their forex trading account will receive a forty dollar no deposit welcome bonus into their trading account.

All beginner traders need to understand that they will not be allowed to withdraw the bonus funds from their trading account. The bonus should be used for trading purposes only.

People who are interested in opening an account with fxgiants need to ensure that they are at least eighteen years of age.

Fxgiants does not allow any person residing in countries such as the united states of america, cuba, iran, sudan, syria and north korea to use their platform for trading.

10. Justforex

Join the justforex community today to start actively buying and selling foreign currencies online. This company has millions of traders registered to use their platform in roughly one hundred and ninety-seven countries worldwide.

Justforex bases their company success on the level of professionalism their traders receive daily. The company has a team of skilled staff members who are ready to assist you with all your trading needs. This ultimately creates a great trading environment for all their clients to use online.

When you start trading with justforex, you will obtain access to more than one hundred and seventy tradable instruments and leverages from 1:1 to 1: 3000.

This broker is recognised by the financial services authority, under the license number 23993.

When you decide to become a trader with just forex as your broker, you will receive a welcome bonus that is yours to use on the metatrader 4 platform. All you need to do is register and open an account with justforex online and verify your account before having the funds paid into your trading account.

Justforex has a wide variety of deposit and withdrawal methods to use online. These include the likes of skrill, bitcoin and even VISA.

You can choose to download the justforex mobile trading app straight on to your android or ios device today. Simply head on over to the apple app store or google play store to download and install the software on to your device.

All withdrawals made online may take anywhere between one to two hours to reflect into the traders account.

As a new trader, we know that it can be a daunting task to try and find a forex broker that you are comfortable with. While on your search, be sure to take out some time to view the ten best forex brokers with no deposit bonus options online. This is a risk-free option that will ultimately asset you in figuring out if the firm is the right one for you.

Visit diversit-e smart trade college’s website and learn how to trade forex, stocks, commodities, cfds and bitcoin.

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.

Top 10 forex brokers with no deposit bonus – A synopsis

Introduction

The global trading market encompasses various offers to attract new traders and beginners with no trading experience. The forex market is one such platform, which has gained popularity over recent years with offers like no-deposit bonus, welcome bonus that forex brokers present for new traders without using their real money. The forex bonuses provide optimal trading conditions according to the preference; for example, offering bonuses for elite traders and beginners. When trading happens on real money, they also help choose the right forex broker to trust and pump up the deposits. However, one has to be careful as there is considerable risk involved.

To summarize, the forex brokers offer a welcome bonus for beginners who do not have a trading account. They offer a matched deposit bonus, which means there is a free bonus provided after the initial deposit, or they offer no deposit bonus.

What is a forex bonus?

A bonus acts as a marketing tool or cost-effective promotion, and the brokers offer to persuade beginners to make deposits. Many top forex brokers suggest this option as it allows for forex trading without risking their funds. This option is accessible to the consumers once they open a forex account or demo account in the chosen platform. Though the bonus is beneficial for traders and investors, brokers suggest this option to gain benefits in the long run.

Forex brokers use the deposit bonuses option as a tool to entice investors and traders to forex trading, providing them knowledge about trading conditions, forex account, demo account, trading bonus, and welcome bonus and help the clients make an informed decision. In simple terms, they offer free money that cannot be withdrawn immediately from the trading account but can be traded for other prospects.

Forex bonuses – different types

There are two types of forex deposit bonuses to choose from – a deposit bonus and a no deposit bonus.

Forex no-deposit bonus

It is often known as a complimentary bonus without deposit, as traders are offered a free bonus without a deposit being made. The brokers make the deposits once traders activate their live account on the platform, which allows them to understand the live trading conditions and explore different options without jeopardizing their funds. This enables the novice and seasoned traders to utilize the bonus fund and develop in-depth knowledge about the brokerage platform and its systems. The accessibility of a free bonus varies depending on the broker.

Initial deposit bonus

A deposit bonus is an additional sum credited to the trader’s account once they make their first deposit. If traders make a higher initial deposit, they unlock a greater deposit bonus. For example, the broker may suggest new customers a 100% matched bonus up to £500. Once they make the deposit, the broker will credit their account with the respective bonus amount.

This gives investors a chance to boost their trading account and use the bonus funds to set limits for their trades. However, the brokers often list down a set of terms and conditions regarding the accessibility of the bonuses and profits made. Some may set minimum/maximum consignment for the trading bonus, while others set certain rules for trading through the live account.

Sometimes the brokers may demand to trade a certain amount before withdrawing the free bonus or maintain a set amount of money in their accounts for a specific period before trading them. Hence, forex bonuses list out certain terms of conditions that one needs to be aware of.

What are the pros and cons of forex bonuses?

How does a bonus in forex work?

How forex brokers bonus work?

To understand how the forex works in a live trading environment, one needs to be aware of a few terms. They are:

Deposit bonus:

The deposit bonus is the most sought-after. As stated earlier, the broker will match the deposit by a certain percentage –with a welcome bonus.

Traders can claim a 100% matched deposit bonus with a forex broker. The forex broker may allow access to a maximum bonus of £1,000, a deposit made by the client. Upon making the deposit, the broker will then credit their account with an additional £1,000. The starting balance becomes £2,000 – even though the broker credited their account with £1,000.

No-deposit bonus:

Forex no deposit bonus rewards traders with a bonus without making a deposit. These bonuses are highly popular because the trader can gain a bonus without risking any funds. However, the no deposit bonuses comprise smaller sums that are credited in comparison to a deposit bonus.

Traders can claim a £20 no deposit bonus with a forex broker. Once traders open an account and verify their identity, the forex broker funds their account with the £20 no deposit bonus. It is credited instantly to the trader’s accounts for trading the bonus funds.

Terms and conditions for bonus:

The forex trading and gaining free bonus funds on the platform may sound simple, but it is not easy to cash out the profits. One needs to be aware of the listed terms and conditions that brokers employ.

Minimum trade amount to withdraw:

There is a complicated process to withdraw the bonus that is made. For example, if one deposits £500 and receives a £250 bonus, which totals to £750. Traders cannot withdraw the whole sum directly from the forex broker, as this would not benefit the platform. Hence, the platform sets limits and persuades them to use the bonus funds to trade. These bonus funds are often frozen until their conditions are met. Usually, a partial amount from the bonus is made accessible for pay-outs when they meet the requirements of trading the set amount. For example, the broker might give £1 from the bonus for every £10,000 traded.

This is suitable for people who are:

Regular traders who place dozens of trades per day.

Often play through the set amount of the trades.

People with typically large trade sizes.

Time limit:

Traders also need to consider the time limits that the bonuses are set with. This is a strategy followed by the platforms to make the cash out of bonuses a difficult task. Often, brokers will set a certain period. Such as- 30 days to trade the bonus funds before invalidating withdrawals.

Eligible pairs:

In some instances, the forex no deposit bonus might set down restrictions on certain currency pairs. Hence, make sure to go through the terms and conditions to ensure the trading forex pair is permitted.

Supported nationalities:

Some australian forex brokers choose to permit bonuses to only certain nationalities. Hence, traders are advised to use the domain according to the country of residence.

Minimum deposit:

Most bonuses are set with a minimum deposit amount. Often, promotions only list the maximum bonus amount that can be used. Hence, ensure to go through the terms and conditions to find the preferred packages.

How to find the best forex bonus?

The global foreign exchange market is vast and comprises different kinds of traders. Therefore, it offers many options for every type of trader. However, not every deal is beneficial since many platforms advertise no deposit bonus and manipulate the user funds. So, it is advised to go through the terms and conditions for no deposit offers before signing up for the bonus.

Research

Before signing up, one needs to make sure to cross-check if the platform is legitimate and trustworthy. Even though the investors have trading experience, FX trading can trick them and manipulate them. Hence, always double-check by browsing the platform’s rules and regulations and the list of guidelines given by the forex broker. Finally, check the list of authorizations it has received from the regulatory bodies in the industry.

Reading reviews

For successful forex trading, make sure to find a broker with experience in forex trading. The web is filled with brokers, and every platform is crammed with reviews. Though there are many options for traders to choose from, it is difficult with many reviews to go through. Often, there is a chance of these reviews being proxy or duplicate, which they make up. Hence, it is always advised to check the detailed reviews, explain the challenges they have dealt with, and the practical solution to tackle such problems in reference to the past.

Payment methods

Payment methods give an option of investing in the trading account with real money. Therefore, ensure that the brokers provide flexible options to make the payments with the preferred mode of payment. Likewise, ensure that the broker allows the cashing out of the bonus or profits gained from the forex no deposit bonus, as many brokers restrict the withdrawal of the profits made.

Broker’s background

The reputation of the broker depends on the reviews and their alignment with the law. Always ensure to find a broker with approval and certifications from notable institutions in the industry. A regulatory authority assures the economic strength of the broker and its integrity towards its traders. There are many countries with rules and restrictions for forex brokers in the field. Finally, ensure that the trader is reliable by browsing the keywords such as forex broker name+ review, scam, fraud. Example: forex broker name scam and ensure that no negative reviews are showing up.

Always be alert and stay as safe as possible while trading the forex. As the field is risky, keep track of the listed factors before trading with brokers and ensure that they keep the funds safe and secure.

The best forex bonuses

There are many forex brokers to choose from, and making the right selection is a challenging task. Several factors are considered, such as fast execution, competitive spreads, and the range of tradable assets. Hence, different types of options or bonuses are listed down to attract different types of traders. They assist the trader in finding the specific broker with the desired profile. With forex no deposit bonus, new traders can learn trading in a live trading environment and build their portfolio without risking their capital resources. However, these bonus offers do not necessarily benefit all traders.

Therefore, traders need to be aware of terms and conditions before accepting or signing up for any offer. A key strategy to remember is that the brokers must gain profits, which is the primary objective of the bonus campaign. Hence, it is essential to select the right deposit forex as it significantly impacts the trading outcome.

Latest forex no deposit bonus list 2021

The no deposit bonus is a free tradable bonus gifted broker for new clients. You can take the bonus without any deposit.

The free bonus is not allowed in the EU and US residents but it’s very popular in some countries.

Newbie traders like to grab the free bonus because it is one of the free powerful leverage for them.

Hey! Want to start forex trading? You can fire right now with the forex no deposit bonus.

The ultimate guide about the no deposit bonus

Not all brokers but most of them offer the free bonus. It is a welcome bonus. Upon joining with a broker, the broker provides a free bonus.

While you think to consider for a no deposit bonus, don’t miss to check our best broker no deposit bonus!

No deposit bonus without verification

While you will register to create an account, you have to give you full name, email, phone number (often), the birth of date, country, and other some filed if need.

Usually, most of the forex brokers ask to verify your identity, at least phone number, or email based on their requirements.

But, sometimes a few brokers offer to start trading without verification of any information.

Why a no deposit bonus?

A freeway! Who doesn’t love to take free money? Actually, the forex broker offers a free bonus to learn forex trading, without any risk. After gaining some profit you will get big confidence to invest in it and make some bigger.

What about your profits?

The bonuses are good to make your profit, depends on you! Most of the bonuses offered to withdraw the gain profit and also you should continue to live trading with the profit.

Here is a big list of bonuses, we collect for you, and you can choose and fire now.

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.

Top 5 best forex brokers with a
no deposit bonus

Maximize
the stock
markets

With 1:2 leverage
on the world's
leading stocks

Here is an overview of the top 5 best forex brokers who offer a no deposit bonus.

Please take note: no deposit bonusses are stated as “on offer” by these 5 chosen forex brokers at the time of publication.

XM group

Trading bonus amount: $30

Equivalent to: 25 EUR, 20 GBP, 25 CHF, 3000 JPY, 30 AUD, 1000 RUB, 100 PLN,7000 HUF, 40 SGD, 347 ZAR

No deposit required

Automatically credited to your account

All profits earned can be withdrawn

Available to new clients

Non-withdrawable bonus

The XM group provides the entire suite of metatrader platforms plus over 1300 tradeable instruments.

The XM group is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker (average-risk) for forex and cfds trading. XM is authorised and regulated by the international financial services commission (IFSC) (60/354/TS/19).

Pricing at XM group varies by account type.

XM group is considered as an average-risk, and is not publicly-traded and does not operate a bank.

Offering of investments

The XM group offers traders cfds on 1200 stocks, 30 indices, eight commodities, four metals, five energies, and 57 forex pairs.

The commissions and fees at XM group is depended on the type of account used.

Spreads: in the XM zero account, average spreads on the EUR/USD stand at 0.1 pips (according to XM group website data, and not including commission), compared to the commission-free standard and micro account, which had average spreads of 1.7 pips for the same pairs.

Commissions: even after including the USD $3.5 per side commission ($7 per round turn), and average spreads of 0.1 pips on the EUR/USD, the all-in cost to trade is 0.8 pips (0.1 spread + 0.7 RT commission), making the XM zero account the firm’s most competitively priced offering.

XM group is a metatrader-only broker offering the standard experience which includes both MT4 and MT5.

XM group’s research offering consists of:

Content generated by an in-house team of analysts including:

Daily market recaps and

Technical and fundamental analysis articles and videos.

An economic calendar powered by investing.Com

Trading signals: the XM group offers its trading signals hub to live account holders but, trading signals that can be automated are currently limited to the signals market available within the metatrader platform.

Technical analysis: the XM group offers tradepedia, which provides educational forex and CFD content.

Video news analysis: the XM group creates daily forex news videos with market analysis explained in a TV interview-style format.

Average connection time:

so, let's see, what we have: are you a looking for the best forex no deposit bonus? Discover what are the best no deposit bonuses on the market, and much more! At best forex brokers with no deposit bonus