No deposit bonus forex brokers list
No deposit bonus forex brokers list
Even some regulated brokers act insincerely towards some clients let alone non-regulated ones.
No deposit forex bonuses
Here’s a list of the forex brokers offering no deposit bonus or free bonus in 2021. You can also see if they really give you the bonus by checking out the review section on the table which is based on my experience.
No deposit bonus forex brokers list
Forex no deposit bonus list
Here’s a list of the forex brokers offering no deposit bonus or free bonus in 2021. You can also see if they really give you the bonus by checking out the review section on the table which is based on my experience.
There’s a concise version of the terms and conditions of the forex brokers’ no deposit bonuses in the table as well.
Forex brokers with no deposit bonus
after 2 lots
/
YES
MAX leverage 1:500
* ID is your identification documents such as passport, ID card, driver’s license, and etc. POD is proof of address such as utility bills, bank account statement or any official documents that have your address on.
** some no deposit bonuses need some kind of deposit. For more information read this part of the following post
For more information about the different parts of the no deposit bonus list, you can read the following post. You can also find the section you want on the table of contents below.
You can also watch this video which is a summary of this post and the conditions of these no deposit brokers.
You'll see in this article:
What is forex no deposit bonus?
Forex no deposit bonus is somehow free money that some brokers offer in order to attract clients.
It’s a welcome bonus that brokers offer to their new clients so you can only receive that once.
Not only can’t you receive the bonus for yourself more than once, but you also can’t ask for the bonus with the identification of your family members. We’ll talk about this more in the next section.
For receiving forex no deposit bonus, you don’t need to deposit any money first. In most cases, you don’t need to deposit any money at all.
You can trade and make profit with the bonus account and then you can withdraw either the profit or both the bonus and the profit gained from the bonus.
Do you need to deposit any money to get no deposit bonus?
That’s a weird question, isn’t it? If it’s called no deposit, why I might need to deposit any money?
Well, normally you don’t need to deposit any money to receive the bonus or even withdraw it. You can trade using the bonus and then either withdraw the profit or in some cases withdraw both the bonus and the profit.
You can call it a free no deposit bonus.
On the other hand, there are some bonuses that you need to deposit a small amount of money to get the bonus. For example, you want to use a $30 bonus but first, you have to deposit $10 to be eligible for receiving that.
There are several reasons that brokers give for this deposit.
Sometimes the small deposit acts as a verification method for your account. If this is the case, you can withdraw your money after receiving the bonus in some cases.
In another type of such a requirement, the amount of bonus is far more than usual such as $500 or 1000. In these cases, you have a limited time to trade with the bonus account and make as much profit as you can, then deposit up to the profit you’ve gained.
For example, the bonus is $1000. You have 7 days to trade and make as much money as you can. You make $500 within the 7 days. Now, you have to deposit $500 to keep the $500 profit or you can deposit less but you can keep less profit.
If you deposit $300 in the example above, your profit becomes $300 instead of $500.
For more information about the specific conditions of these bonuses, go to the review related to the broker by clicking on the see review button in the list.
Forex no deposit bonus terms and conditions
Although forex no deposit bonus is a good opportunity to build your account and find some money for trading, the conditions of trading with these types of accounts are not completely similar to usual accounts.
In other words, no deposit bonuses come with some terms and conditions designed by forex brokers.
There could be various reasons for making these kinds of conditions….
…but the main reason could be:
They don’t like to give away money to someone who doesn’t bring profit to them. I’m not saying they want to deceive you or not to necessarily give you the bonus if you are profitable but like every other business, it’s a matter of give-and-take.
They expect you to give them profit by trading normally and give them spread, no matter if you win or lose, but if you use a strategy that may cause them trouble in any way just to get the bonus and then disappear, you might cross their line and have problems with them.
They also like the clients that use this bonus as a way of knowing the different aspects of the brokers.
Those kinds of clients will deposit more money later and trade with a larger account, therefore, the brokers can make chubbier profits.
All in all, whether you just want to gain the bonus or you decide to become familiar with the broker, you probably won’t have problems with them if you go by the terms and conditions of their no deposit bonuses.
Common terms and conditions
There are some common clauses that you see in all terms and conditions of the forex no deposit bonuses.
As I said in the previous section, you can’t ask for the bonus more than once and none of your family members can ask for the same bonus either.
Even if someone else requests for the bonus through your device (computer, mobile, etc.), or via your internet service (the same IP address); they won’t give you the bonus and even if they will in the first place, they’ll cancel that later.
With that said, you are prohibited to use any kinds of internet proxies such as VPN, VPS, or any other methods that hide or change your IP address.
The next condition is that they withhold an absolute right to either reject your request for the no deposit bonus or cancel that at any time and at their own discretion without giving you the reason and based on the rules.
They probably wouldn’t do that if you follow their rules because first, they don’t want to lose good clients and second, they don’t want to see massive defamatory reviews throughout the internet.
The mentioned rules are in common between all the forex brokers offering no deposit bonus but there are some conditions that vary from broker to broker.
That’s why I’ve made this comparison table and concise review of forex no deposit bonuses for different brokers so you can have a better understanding of the bonuses in general and their different terms and conditions in particular.
You can also see more in-depth reviews specifically for the no deposit bonus of the brokers by clicking on the see review button in the list.
I’m going to talk about the different conditions that you see in the table but before that, I think it’s worth mentioning that:
How do I review brokers offering forex no deposit bonus
All these no deposit reviews are based on my experience with the forex brokers from requesting and receiving or not receiving the bonus to going through terms and conditions of them.
I’ve also asked them various questions via email and live chat in case of ambiguity or unavailability of information regarding the terms and conditions of the bonus.
The next metric I consider is brokers’ regulation. It’s hard to trust brokers without being regulated by at least one regulatory body.
Even some regulated brokers act insincerely towards some clients let alone non-regulated ones.
Anyway, I’ve just started testing the brokers offering no deposit bonuses so I’ll add more to the list. You can visit this page every now and then to find more.
In case you have doubts about any of them, you can either read the conditions on their website or ask them by yourself.
All in all, use the information on this page at your own discretion.
Now let’s take a closer look at the parts of the forex no deposit bonus list or table.
Forex no deposit bonus withdrawal and profit withdrawal
There is a difference between brokers on withdrawablity (I’m not sure it’s even a word) of the no deposit bonus itself.
Some brokers’ bonus is withdrawable and you can take it out of your account after trading a specific amount of lots. In other words, although you can withdraw the bonus, you can’t withdraw that right away but you can trade and release that.
On the other hand, some brokers’ bonus is not withdrawable whatsoever. It’s only designed so that you can trade and make a profit out of that.
After that, you can withdraw the profit but again, you can’t take it out without meeting some conditions. In this type of bonus, you also need to trade a required number of lots before withdrawing the profit.
Most brokers’ no deposit bonus is in the second category where you can only withdraw the profit, not the bonus itself; however, there are a few brokers that offer the withdrawable bonus.
You can find this in the bonus and profit withdrawal column of the list.
Expiration period
Sometimes, there’s a limitation on the period you can trade with the forex no deposit bonus account. Not all brokers have this condition but most of them do.
To be honest, I haven’t found any meaningful connection between the bonus duration and other factors of the bonus.
There are even some brokers that don’t have any limitations on trading period using the bonus.
You should consider this along with the required lots to see if you can meet them. If your strategy doesn’t generate enough tradable positions, you might consider going with the brokers that have longer time period or even pick the ones with an unlimited period.
Be careful, if the bonus period comes to an end, your open trades or positions will be closed automatically at the market price, so it can be a good idea to trade carefully during the last day.
Required lots for releasing bonus and profit
We’ve touched on this one to some extent. As you know now, the forex no deposit bonus and/or the profit gained from that isn’t withdrawable right away.
You need to trade a number of lots to redeem that. Again, there isn’t a common rule for determining that and every broker has its own calculation to set the number.
I think this is one of the hardest parts of the offer and somehow unfair.
Ok, this is free money, or free with some strings attached, but they can loosen up the attachments a little bit.
You definitely can’t train or hold a solid money management. It can grow bad trading habits if you are not aware of what you do and adopt that destructive habit.
However, without breaking some money management rules, it seems impossible to make a profit from some of the no-deposit bonuses.
I think the best strategy for that is to be more aggressive in the early stage and after building up the account, you can take a tighter approach.
For example, instead of risking 2 or 5 percent of your account, go with the 20 percent at first if your strategy doesn’t show you enough setups to trade.
On the other hand, if you can find more positions to trade, you can risk less percentage for each trade and the high number of trades would make up for that.
By the way, be careful not to push it by generating meaningless and countless trades and lots because your bonus will be in danger of cancelation by the broker. Maybe it could be a good idea to ask them how much risk is allowed per trade.
To sum it up, you have to find a way to meet the required lots within the time period but before that, make sure to read the conditions of the brokers so that you can pick the one that suits you the most.
Forbidden strategies for forex no deposit bonus
Expert advisors (eas), scalping, and hedging are the main strategies that most brokers have problems with when it comes to their no deposit bonus offers.
Most of the brokers normally allow these strategies specially eas and scalping but they don’t like them for the bonus accounts.
Why is scalping not allowed for no deposit bonus?
Basically, when you scalp, you send the broker lots of orders in a short period of time so they have to manage the orders quickly either by sending them to liquidity providers such as banks, financial institutions, etc. If they are NDD or fill the orders internally by matching the orders (you sell, someone buys and the broker matches it together) if the broker is DD.
In a nutshell, you bring them lots of work that should be worth it for them to do.
If you have a large account, most of the brokers don’t have any problems with scalping because first, you trade in a large number with high lots and it means more commission for them.
Secondly, it’s so much easier for them to fill larger orders than smaller ones.
For example, their liquidity provider has a $100k sell order on GBP/USD (a british has sold something to an american and received dollars and now wants to exchange it for pounds).
Now the broker wants to fill its client’s orders with that $100K. 100 buy orders, each with100 lots can do the work but how many buy orders with 0.1 lots are needed to do the same job? You’ll do the math.
If you don’t scalp and give them time, it’s not a big deal and they find smaller orders like you to match or even hedge that (fill it by themselves to find the right price) but when you send them lots of small orders with different price every minute, it becomes harder for them to find your requested price and they can’t always hedge that because they can’t calculate the risk if there are numerous orders.
You give them a very small commission or spread and lots of orders that they need to hedge so for them it’s not worth risking in some cases.
We’re not talking about one scalper here with whom the broker might have problems. They can handle some but lots of them, they might get into trouble.
Having said that, most reputable brokers don’t generally have problems with scalping nowadays even with small accounts when you want to trade with your own money.
They don’t accept scalping for their no-deposit offers because I think the bonus account holders are a big chunk of their clients. What if a part of them were scalpers with a small bonus account!!
We give you free money to trade and now we have to handle lots of scalpers with small accounts as well? No thanks.
To be fair, that’s not an irrational argument and we shouldn’t blame them for that. In this case, they’re somehow right.
Hedging is not allowed
Another strategy that is forbidden when trading with a forex no deposit bonus account is hedging.
In simple words, hedging means: trading the opposite side of your current position.
Mostly, traders do that because they want to lock their trades when it’s in the red and they’re losing money so they lock the position to reevaluate the situation.
For example, you buy EUR/USD at 1.1168. The price goes against your favor and gets to 1.1145 so you decide to sell that in order to lock your position and your loss. Then you can reanalyze and decide later which side you want to unlock.
On the other hand, you may be in the profit and suddenly the market gets highly volatile, for example as a result of important news, so you decide to lock your profit to see what will happen when the excitement subsides.
US brokers are banned from letting their clients hedge according to the US regulations but other brokers including the brokers introduced here don’t generally have any problems with that.
However, when it comes to the no deposit bonus accounts, most of them don’t allow that. I couldn’t find any logical answer for that and none of them gave me a reasonable answer.
Why is eas not allowed for forex no deposit bonus?
The next method that some brokers don’t allow especially in the no deposit bonus accounts is using automated trading or as we know it in forex : eas.
Most of the brokers don’t have any problems with eas in general but they prohibit this kind of method for no deposit accounts.
I asked the ones that don’t allow eas and they told me:
Because this type of account is more like a training account for beginners so eas can’t help them to become a trader. Moreover, they don’t know automated trading well so they would probably choose the wrong and losing eas and blow the account.
I’m not sure how convincing the answer could be but that’s one of the conditions that some of the brokers have for this type of account.
However, they said this condition is only for no deposit accounts and if you deposit your own money everything’s allowed.
In conclusion, if you don’t use any of those three methods, you probably won’t have any problems with the brokers’ no deposit accounts.
Type of accounts
There are two important factors in the type of no deposit accounts we need to pay attention to.
As long as these types of accounts are small and in most cases we have a limited time period for releasing the required lots, having more options for lot size can be an advantage.
If we are bound to just one lot size like 0.01 and have limited time to trade, releasing required lots is absolutely hard to pull off.
However, it can be a good opportunity from training perspective because if you are a newbie, you can’t blow up your account quickly — actually you still can but it takes a little bit longer
On the other hand, if you have more choices for lot size, you can diversify your trading by using different methods as we talked earlier — you can trade with bigger lots at first and modify that when your account is chubbier.
The second important factor is leverage. Leverage is a double-edged sword. It can be both to the benefit of you and your enemy.
Having more leverage basically means having more money to trade and risking higher. You can win more if you are a profitable trader but you can raze your account to the ground sooner if you don’t know what you’re doing.
In general, for smaller accounts, you can risk more so having larger leverage can come in handy especially for no deposit bonus accounts.
In no deposit account, not only do you have a few bucks to trade but you also have a limitation on time and sometimes on lot size so you need all the possible money for that in general.
The bottom line
Forex no deposit bonus is an opportunity for beginners who haven’t tried live accounts and want to leave demo trading behind and become familiar with real trading. No deposit bonus can help them to achieve that without spending a dime and trade with free, but real money.
It’s also useful for the traders who want to know a broker better and see the performance of the broker in the real condition of the market.
It can also be beneficial for those who don’t have enough money to trade but they can trade profitably and make money out of trading so they have a chance to do so.
Whatever reason you have for using any forex no deposit bonus, you need to know the terms and conditions of the bonus you choose otherwise you may cross a line and cause the cancelation of that or you can’t meet the requirement as a result of unawareness and lose the bonus.
Yes and no. There are bonuses that are not withdrawable and you can only withdraw the profits gained from them. On the other hand, there are some that you can withdraw both bonuses and their profits.
You need to trade a specific number of lots in most cases in order to have permission for withdrawal. For example for a $10 bonus, you need to trade 2 lots.
The most common ones are scalping, hedging, and using eas however, they are allowed in some cases — especially eas.
At first, in some cases, yes but sometimes no, however, when you want to withdraw the bonuses or profits, you definitely have to submit them to be verified.
No deposit bonus
300 USC no deposit bonus – freshforex
$30 new year no deposit bonus – justforex
$35 no-deposit bonus – fortfs
$50 no deposit bonus (for thai client) – FXTRB
NO DEPOSIT BONUS $50 USD – welcome bonus for thai client. Get a $50 free no deposit required to start live financial trading. The participant […]
$100 gold trading no deposit bonus – seven capitals
$50 welcome no deposit bonus – SFEX
SFEX announcement $50 BONUS when register using a partner’s link. Let your fellow trader trade forex currencies, and more when opening an account with an […]
$50 no deposit bonus scheme – topfx
$50 no deposit bonus – atlasforex
NEW $30 NO DEPOSIT BONUS – roboforex
Get a true granted forex WELCOME NO DEPOSIT BONUS 30 USD powered by roboforex to start live forex trading with FOREX welcome bonus 30 USD – […]
No deposit bonus, withdraw profits – tickmill
Make your perfect risk-free start with $30 forex no-deposit welcome bonus presented by tickmill. Feel the superior execution quality and the perfect trading environment with […]
$50 welcome no deposit bonus – milton markets
Milton markets presents a welcome bonus in the form of NO DEPOSIT BONUS amount of 50USD/50EUR/5000JPY. The bonus credited to the newly registered clients without […]
$25 USD no deposit bonus – tiomarkets
Tiomarkets presenting a $25 USD forex no dpeosit bonus when fund your trading account. Register and apply for an initial bonus that allows real trading. […]
No deposit bonus $5000 USD – instaforex
Gain forex no deposit bonus up to $500 for all new clients who opened a live trading account can apply for this NO-deposit forex promotion […]
$88 no deposit bonus – redstone FX
Up to $50 no deposit bonus – investizo
Up to $50 trading, no deposit bonus offered by investizo LTD. The promo is available to its new registered clients under the terms of the promotion. There […]
$100 no deposit bonus – fidelis capital markets
Fidelis capital markets brings no deposit bonus to enter the global financial market without any investment. Register an account & receive $100 NO-deposit credit instantly […]
$25 no deposit bonus – velocity trades
Velocity trades no deposit bonus promotion – get 25 USD free credits to the client’s account to start a live trading experience without investing any […]
Top 6 best forex brokers with no deposit bonus for 2021
Top rated:
What better way to start trading than with a no deposit bonus forex broker? This should give you the perfect start to trading with some risk-free funds. To help you achieve that goal, we have put together a collection of the best regulated forex brokers in the market who offer a no deposit bonus to traders.
Beyond looking at more details of these top brokers, we will also provide more information on no deposit bonus availability, and how you can use these bonuses to your advantage when trading.
What is a no deposit bonus?
Very simply, a no deposit bonus is an amount of money which is given to you as a trader just for completing the broker registration process. This means that you do not have to deposit any of your own real funds to gain access to this no deposit bonus.
No deposit bonus: are they available in the EU?
Unfortunately, the answer to this question is no. The no deposit bonus offers are not available in the EU. This is due to the fact that the european market regulator, ESMA, has banned certain types of forex broker bonus offers under the mifid II regulations.
The result is that forex brokers’ no deposit bonus offers, and any kind of registration bonus offers are not allowed for traders who are in the EU.
Please note that the following bonuses are available only to people based outside the EU. Moreover, we do strongly suggest to not judge the broker based solely on the no deposit bonus, but on the suitability to your trading goals and preferences.
Top 6 best brokers with no deposit bonus
Here is a closer look at the top brokers we have selected who do offer a no deposit bonus.
Best no deposit bonus forex brokers 2021
The brokers below represent the best no deposit bonus forex brokers.
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Cysec, FCA, FSA(SC), FSCA, labuan-fsa
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.
Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.
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.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Note: not all forex brokers accept US clients. For your convenience we specified those that accept US forex traders as clients.
Tickmill
Regulated by: cysec, FCA, FSA(SC), FSCA, labuan-fsa
Headquarters : 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ.
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).
The broker provides more than 80+ CFD instruments to trade on covering forex, indices, commodities and bonds through three core trading accounts called the pro account, classic account and VIP account. They also offer a demo trading account and islamic swap-free account.
GO markets
Headquarters : level 22, 600 bourke street, melbourne, VIC 3000, australia
Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.
Australian brokers are definitely making a name for themselves in the trading arena as some of the most reliable, intuitive and forward thinking firms around. This broker is no different with a wide variety of tools, assets and reasonable trading conditions.
GO markets pty ltd an ASIC regulated broker has been in operation since 2006. The head office is located in melbourne, australia. With over a decade of experience, GO markets has grown to become a leading broker with a huge client base from over 150 countries. GO markets offers forex, share cfds, indices, metals and commodities for trading on the MT4 and MT5 trading platforms.
Roboforex
Headquarters : 2118 guava street, belama phase 1, belize city, belize
The roboforex brand is operated by the roboforex group, and is located in belize. Roboforex began operations in 2009 and has grown in size and capacity. The brand offers over multiple trading instruments which include forex, stocks, indices, etfs, commodities, energies, metals and cryptocurrencies.
They also offer cutting edge platforms. Roboforex boasts of over 800,000 clients from 169 countries. They are both a dealing desk and non dealing desk broker offering ECN and STP trading accounts through their platforms. This means a different payment model to you the trader eg. Lower spreads for ECN accounts with some commissions to pay.
*leverage depends on the financial instrument traded and on the client’s country of residence.
Axiory
Headquarters : no.1 corner of hutson street and marine parade belize city, belize
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Axiory was founded in 2012 and is a trading name of axiory global ltd which is authorised and regulated by the international financial services commission (IFSC) of belize. The broker segregates client funds from their own and offers negative balance protection. The company is also audited by pricewaterhousecoopers and is a member of the financial commission.
Users can choose from three types of trading accounts called nano, standard and max to trade on 80 different markets covering forex and cfds on indices, energies, stocks and metals. Axiory offers maximum leverage of up to 1:500 and also provides access to islamic swap-free accounts and a demo trading account. Users can also access data regarding execution times and slippage distribution for even more transparency.
What is a no deposit forex bonus?
A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.
Just like the deposit bonuses in forex (which require you to deposit first), the no-deposit bonus is used strictly for trading purposes and can only be withdrawn from the account on fulfillment of the broker’s trade volume requirements.
Typically, the no-deposit forex bonuses are not as large as the deposit bonuses. They range from between $10 and $200, depending on the broker. They are actually meant to introduce new traders into the world of real money trading and are not meant to be used for profit-oriented trading. Think of it as a form of live, real money practice account where you keep all the gains. If you lose money, you have lost nothing.
What should I do to get my bonus?
Most of the no-deposit forex bonuses in the market can be obtained as exclusive offers through affiliate partners of the forex brokers that offer them. The forex brokers who award the no-deposit forex bonuses directly are typically in the minority.
What is the difference between no deposit bonuses and deposit bonuses?
No-deposit forex bonuses do not require an initial deposit into the trading account before they are awarded. This factor distinguishes the no-deposit forex bonus from deposit bonus, which like the name implies, requires a deposit from the trader before it is awarded.
No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.
What other bonus and promotion types do brokers offer?
Other bonuses and promotions may be given out by brokers occasionally.
- The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.
- Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.
- Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.
Conclusion
Are you looking for the best no deposit bonus forex brokers for 2017? Here we show a list of these brokers which we have compiled after careful evaluation of various candidates. Ensure you use the no-deposit forex bonus wisely and use it to enhance your live account trading experience.
Forex no deposit bonuses
Presented free bonuses are a great way to learn about the forex market. By real cash trading, you can feel the emotions and pressure related to the struggle for earning real money. No deposit require bonuses are the best option to start trading without the risk of losing your own money. Here you will find the best no deposit required bonuses offered by forex brokers. Information are regularly updated. Click “broker review” to view details of broker or “more information” to view details of promotion.
List of free forex no deposit bonuses 2021
Featured forex no deposit bonuses 2021
Forex no deposit bonuses 2021
No-deposit bonuses, which require or may require a deposit in order to withdraw them or profit
Ended bonuses
Is it really free money?
Yes. Brokers offer free bonuses with real money. They are free but require you to do certain activities to receive them and to withdraw them.
Can I withdraw no deposit bonus?
It depends. Some bonuses can be paid out and others cannot. On the other hand, almost always profit is withdrawable.
What should I check when choosing a bonus?
– terms and conditions, the bonuses with the detailed rules are much more reliable
– possibility and requirements to withdraw the bonus
– countries where it is available
– verification procedure, required documents
– possible fees for inactive account
Why brokers offer forex no-deposit bonuses?
To promote themselves. It’s a great way to encourage traders to start trading with the selected forex broker.
What is the difference between no deposit bonuses and deposit bonuses?
No deposit bonuses are incentives that are very rare. Getting this means that the broker is shelling out something to get the investor without receiving a deposit. However, it is best to read the fine print on any advertisement and clarify the information before deciding on this. As opposed to the no deposit bonus, forex deposit bonuses are promotions that are given to new traders who deposit investment money for the first time. There are some brokers who offer this every time additional money is deposited to the account.
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117 COMMENTS
Friends. Do not enter these brokers, they are thieves. Brokers have to offer an ECN account welcome bonus
Thanks you are doing great things
Scam scam scam scam scam and big scam
windsor brokers free account $30
I make 31.40 profit when i send to request for withdraw my profit my account is terminated and after received this mail.
Please be informed that the company is not able to verify your identity and therefore may not allow you to proceed with the opening of a trading account as of the 10/07/2020.
So, guys please, don’t waste you time on windsor brokers
Thanks for advice, which one is better?
Can someone here please recommend a trustable NDB broker,really really needed.Thanks for the help in advance .Stay safe!
I once traded with them but only my luck of knowledge…..But they are cool!
As long as the road is right, you are not afraid of the road
Od, and problem solving are concerned as wel facebook.Com
Comment: fund your own account if you don’t want sh***t to happen. These bonus things are have impossible T&C’s, some of the rules change during the course of the trading journey
Traders never ever trade with extreme forex because they are extremely scammers.I traded with their no deposits bonus and completed 5lots with 3weeks but they didn’t allow withdraw
There is no single bonus of new bonuses without proper deposit
all – other than it’s small and trivial – are also false
each of the companies that advertise their offers sets conditions that are impossible to meet
please contact the site management to review these bonuses and make sure they are serious and credible
if I found false do not enable this company to advertise on the site
because these companies are fraudulent and advertising through the site will cause the site to lose its credibility
I hope to work and repeat please that the administrators of the site work with this advice
thanks management site
Ive been try for the freshforex no deposit with bonus of 2019.. I have been trade for 7 days after they withdraw my profit 112 dollars this is. A big scam bonus.
25% deposit bonus
open a new live account and receive a deposit bonus up to $500.
The following terms and conditions apply:
The bonus will be deposited together with your initial deposit.
The minimum deposit for the deposit bonus is $500.
Once we have received your deposit, we will add 25% more in your trading account as a credit, for example if you deposit $1000, we will add a $250 credit, for a $2000 dollar deposit $500 will be added etc.
The maximum deposit bonus credit is $500.
The bonus credit can be withdrawn after the total volume of traded orders reach bonus size divided by 2. For example if your deposit is $1000 and bonus $250, in order to withdraw the bonus, you need have traded at least 125 full lots during the past 6 months.
The campaign applies only to new clients unless invited separately.
Only one deposit bonus is allowed for each client. Family members are not considered as new clients.
The bonus credit cannot be used for margin. If your account balance drops to 20% of your original deposit, the bonus credit will be removed.
Max leverage for accounts with the bonus credit is 1:200.
The bonus has to be requested separately after your account has been activated.
Assetsfx reserves the right to make changes to these terms and end the campaign at its own discretion without any prior warning.
Instant cash back
open a new live account with at least $500 and receive $1.50 instant cash back for each lot you trade!
No need to wait until the end of the month and calculate if have you opened enough trades. We return immediately $1.50 per lot to your account as soon as the trade has been closed.
The following terms and conditions apply:
The minimum initial deposit for a new account is $500 or equivalent in BTC.
The promotion applies only to new clients or returning clients who have not traded their account for at least 6 months.
The bonus has to be requested separately after your account has been activated.
Applies only to forex pairs and metals.
Cannot be added to an account which has been signed under an IB.
Cannot be combined with any other promotion.
Assetsfx reserves the right to make changes to these terms and end the campaign at its own discretion without any prior warning.
Windsor is a scam broker i applied for no deposit bonus when i made 71$ and place the withdraw request they refused and replied you are not entitled for this bonus i advise all the brokers please please don’t waste you on windsor this is a shit broker………
هi trade with them and i take my profit bro i toke 131 dollar
Tell meh about broker you use plz
claudyjumaa@gmail.Com
Which broker did you use,sir?
Roboforex scam don’t open account with them I, after my account verified they said I can’t get 30 bonus
Roboforex is indeed a scam after I verified my doc the say antifraud won’t allow me to receive a bonus
From what I read. You need deposit $10 using your own bank card in order to get the bonus. Please read the terms before registering to any of bonus offered.
Thanks for advice, which one is better?
Hello I just want to know which broker I should open please I open FBS n when I withdrew their tell me stories
It sucks in mongolia, scammed many traders, have issues with withdrawing and pricing. Also it sucks it disapperas money from account (used, regretted, not recommended at all.
XM ер нь хамгийн сайн нь байх гэж бодож байна найзаа. Яагаад гэвэл шалгуур болон боломж нь илүү найдвартай байдаг шд.
Withdraw хийхэд дажгүй болоод л байдаг шд. Удаан л болохоос *hehe*
Haha..I know this brooker very well. I dont wanna lost even bigger with them.
I start my trade with xm and he is the best broker my son introduced me and now I experience myself that he is one of brokers i chose and i recommend my students also to register with xm with 30 no deposit bonus you can make good profit
What are the requirements or terms and conditions before you withdraw ur profits you made by their bonus?
Tell me about they keep saying staff that don’t make sense hot forex is the best
Actually I use FBS withdrawal is easy
WELCOME BONUS OF USDT 100 ( no-deposit bonus )
Inoex exchange offers you the free funding of USDT 100 as welcome bonus to commence risk-free crypto trading.
As, we have integrated meta trader 5, we are pleased to offer ease in trading using salient features of meta trader 5.
Bitcoin, ethereum, ripple; these are some of the highly traded 30+ crypto currencies that you can trade against USDT in meta trader 5.
And the best part is you can trade these at leverage of 1:100. This means you have high margin of profitability as you can control and manage your trade with more sophistically.
When it comes to withdrawal, we offer instant withdrawals on profits made by using USDT 100 welcome bonus. (T&C applies)
our dedicated support team is available 24/7 to help you out of any problem, if any.
In short, inoex gives you the free balance to trade in meta trader 5 and you will have instant withdrawal of profits from the trading.
Sign up now: https://inoex.Exchange/en/index.Html
download MT5: https://inoex.Exchange/en/mt5.Html
Terms and conditions
for USDT100 welcome bonus, you are required to open account with inoex exchange
to avail the USDT100 welcome bonus, you are required to request by contacting us
welcome bonus will be credited to your meta trader 5 trading account
this welcome bonus is in the ownership of the company and is not cash-able
30+ crypto currencies are available for trading including bitcoin, ehtereum, and ripple
the profit can be withdrawn at any time, as long as the equity is at least USDT 100
if the equity is less than USDT 100, withdrawal will be rejected
maximum profit, which can be withdrawn, is equal to USDT 200
withdrawing the profit, welcome bonus and all remaining profit shall be taken out from the trading account
to withdraw the profit, client must deposit at least USDT 100 in the trading account
to withdraw the profit, client must commence trading of 10 lots
the welcome bonus has unlimited duration and can be cancelled at any time on sole discretion of the company
profit earned using welcome bonus is also under the ownership of the company and can be cancelled at any time in sole discretion of the company
it is strictly prohibited to get the welcome bonus again by using a new registration or new trading account
by having this USDT 100 welcome bonus, you agree to the right of the company to cancel the bonus and all profits obtained through the bonus at any time without giving any reasons at sole discretion of the company
Đã nêu chương trình khuyến mãi không cần ký gửi mà yêu cầu phải nạp 100$. Khác gì lừa đảo.
I have profit from broker amega with use promo 222 usd account and i withdraw my profit 22.39 usd from my account 1000016874
I have profit from broker amega and i withdraw my profit 22.39 usd from my account 1000016874
I’m just starting trade with amega no deposit bonus $222.So far this broker is very fast when you close your order.My friend have two times withdraw with no deposit bonus $222.So I recommend this broker you should try.
Many of the bonnets without filing have become unreal
so we ask the officials in the site not to announce them so as not to lose credibility
examples of these bounses:
1 – XM group
2 – kirik markets
3 – forexchief
4 – corsa capital
5 – fxplayer
6 – upforex
7 – CF merchants
8 – fxreino
9 – fxlinked
10 – windsor brokers
11 – emporio tradin
12 – N1CM
13 – FW markets
14 – world forex
15 – paxforex
16 – fortfs
17 – fxgiants
18 – tradevest
19 – continue FX
20 – honor FX
all these companies are fraudulent
XM GROUP is exempted they can be trusted
Si asi es yo retire 1000 dolares de ahi en xm si se puede comerciar
Fraudulent as [moderated] XM
Comment: i give signals, will you try it out.
Uniglobemarkets is offering $100 no deposit bonus
NO deposit bonus $100
https://www.Uniglobemarkets.Com/fb-no-deposit-bonus/
The terms are so unfavorable. 15 lots so many to meet for one to be able to withdraw, no joke when dealing in a volatile market.
I want a no deposit trade
Following no deposit bonus promotion, there are rules to look for. Many traders are late aware of the shortage because they do not really understand the rules. If it is like that, then it doesn’t matter how good the trading, it will not bring desired profit. Therefore, before signing up for a no deposit bonus, understand carefully every policy specified by broker. If you object to the rules, it’s better to leave early than to regret later. After all, no deposit bonus promotion not only available in one broker. Every traders are free to choose the most ideal no deposit bonus promotion according to their condition.
Hello. My account 26258 REALTRADE. I trading profit 70 eur and withdraw to skrill. I waiting money 10 day and support silent…. Broker scam! Carefully.
Https://fxfinance-pro.Com very good brokers offer $100
How do I claim the bonus?
I’ve used windsor and I traded and made 32$ profit and I did withdraw to webmoney they approved my request very fast
If you want a real NDB that you have dreamed about, unlike any other, join the fxfinance-pro promotion before it ends. No limits on profit! Only 1 lot per $10 requirement! No restrictions!
I am so tired of reading bogus reviews running down brokers with this word “scam”. I can bet that most of them are made by people without proper ID or they have used irregular trading methods to obtain profits and lot requirements. These reviews are made in frustration and provide no help to those of us who are looking and searching to kick off their trading careers with a NDB. One of the purposes of no deposit bonuses is to attract new clients and for the broker to test trading conditions. You cant expect to just take something and not be prepared to give something back in good faith. They cannot do their research if you are not trading in a normal fashion.
Another thing is that if you are stupid enough to allow an “advisor” to take over your account and do your trading for you then you shouldn’t cry when you lose all your money. Just because you lost all your money on a bad trade doesn’t necessarily make that broker a “scam”. It is the name of the game. You must know when to pull out of a bad trade before you lose everything. Make your own decisions on when to trade. There are no fantastic “once in a lifetime opportunities” to be missed in this game. Don’t let anyone try tell you that! The stock market exist with thousands of instruments breaking out in all directions every minute. Things go up and down all the time 24/7 365 days a week. Every one is an opportunity not to be missed. Have read fundamental analysis by top “financial experts” saying completely different things on the same day on the same trade. I have read multiple experts all saying the same thing and the market failed to respond. No one knows for sure. Do your own research and use and trust your own instincts. It must be great to be an advisor and play with other people’s money! Their advice is not flawless. They have nothing to lose and will gamble with your hard earned savings without a shadow of regret. Sometimes their job might be to in fact make you lose your money in the case of a market maker stock broker (as opposed to ecn or dma) who would benefit from that, and to get their commission. Their instrument for making making money isn’t the stock market, it’s the telephone! How can you trust someone who you have never ever seen?
That doesn’t make market maker stock brokers a bad thing. I would warn people not to accept a mentor. Be careful if you are asked to provide credit card pics revealing all the numbers or asked to give the numbers over the phone. Don’t give verbal agreement to allow the operator to make a deposit. Only make deposits within an encrypted website. It is possible that account managers act on their own scam operations within good brokers in their greed to earn more commissions. I have no doubt there are some brokers that are complete scams though.
Who can you trust? That is what these reviews are for. To give useful information. Sometimes you may even get a review site that looks good but is a part of a scam and will adverise the scam broker included with the good ones! You can’t just accuse everyone you don’t like as a “scam” or because they didn’t open your account. To “scam” means to steal something valuable from you. If you didn’t make a successful withdrawal from a NDB does NOT mean you got scammed. You can’t get scammed out of a no deposit bonus. You have absolutely nothing to lose except your ID theft at the worst. The only way to do your research and avoid getting
your ID information stolen is to read reviews. Just bear in mind that most of the reviews are bogus and not a true reflection of the broker. If you were not successful with a NDB does not mean that you have been scammed. They have the right to cancel the agreement at anytime and it is the basic agreement of every NDB. They do not have to provide a reason and spend time negotiating on your credibility. I would say that most of the people pointing the scam finger are themselves guilty of doing the scamming or guilty of some dodgey move. That is why they were not paid out. It’s a pity that successful withdrawls are rarely posted.
NDB’s are there for us to learn from our mistakes, and if you are very very very lucky you will be able to actually begin a trading career without an outlay. Most of the time it is just a deposit bonus in disguise. It is very difficult to make any success with anything less than $100 so a lot of them are just a waste of your time. Some of them require you to close 50 lots to achieve $25 which is only available if you deposit another $25!
Like you I have also lost many NDB’s with almost every broker out there trying to get off the ground. I hope that you have learnt your lessons through these experience as I have.
So far I have been lucky with fxfinance-pro. I haven’t made a requested for withdrawal yet, but I have faith that these ruskies will honour the agreement. They don’t have online chat or account managers calling you every five minutes, but if you have a problem their support will get back to in around 24 hours.
Posting this review is not part of their bonus agreement although you do have to make a repost on a russian site merely explaining the terms of the bonus. They do not pay you to make reviews like this, so before you accuse me of working for them, f@# you in advance.
I put my cock on the block and recommend fxinance -pro for a REAL and proper NDB that can get you started and a russian broker you can trust.
Am so happy with this review because likes you just said I have lost many NDB and just lost one today with a very big lesson out of it which made me to start another search again for another NDB and I guess I have found one and strongly believe that this very one will get me started. Thanks.
Hi, bro. I’m a beginner in this world and reading you I noticed you know a lot about it. I would like to talk to you about trading. Can we? Here is my phone number to chat via whatsapp +57 (310) 770-7998.
Ilqar august 7, 2017 at 6:01 pm
Terms & conditions of no deposit bonus
To take part in the promotion, you need to be a client of “GICM” with a real account and verified personal details
minimum withdrawal is 25 USD
bonus amount can’t be use for internel transfer
account should be maintained with us for 30 days
trades should be done as per our terms and conditions
only profit amount allowed to withdraw and it will be processed in any of our payment methods in the direction of company.
The bonus can be awarded once per household or IP address or phone number or a customer.
Good groker il like it
reply
Well, I do find fresh forex as a good broker. I utilised their no deposit bonus and made profit from trading and withdrew without a problem after fulfilling the necessary lots. The speed and execution on their ECN account is great, the customer service is very helpful. No commission on deposits and I am actually impressed with the overall service, so far so good. I recommend.
Why on their terms and conditions written that you should deposit funds similar to gained profit for you to withdraw?
I believe capital one is a scam, the way they spam is so serious.
Totradefx $15 no deposit bonus
The best no deposit bonus offer is back from totradefx.. Register now and get $15 absolutely free.. Best conditions to with draw bonus
These are good brokers XM, fx pro, iron FX and hot forex.
WTF iron fx just askme to deposit 40k to start trading…
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 bonus forex brokers list
Forex no deposit bonus list
Here’s a list of the forex brokers offering no deposit bonus or free bonus in 2021. You can also see if they really give you the bonus by checking out the review section on the table which is based on my experience.
There’s a concise version of the terms and conditions of the forex brokers’ no deposit bonuses in the table as well.
Forex brokers with no deposit bonus
after 2 lots
/
YES
MAX leverage 1:500
* ID is your identification documents such as passport, ID card, driver’s license, and etc. POD is proof of address such as utility bills, bank account statement or any official documents that have your address on.
** some no deposit bonuses need some kind of deposit. For more information read this part of the following post
For more information about the different parts of the no deposit bonus list, you can read the following post. You can also find the section you want on the table of contents below.
You can also watch this video which is a summary of this post and the conditions of these no deposit brokers.
You'll see in this article:
What is forex no deposit bonus?
Forex no deposit bonus is somehow free money that some brokers offer in order to attract clients.
It’s a welcome bonus that brokers offer to their new clients so you can only receive that once.
Not only can’t you receive the bonus for yourself more than once, but you also can’t ask for the bonus with the identification of your family members. We’ll talk about this more in the next section.
For receiving forex no deposit bonus, you don’t need to deposit any money first. In most cases, you don’t need to deposit any money at all.
You can trade and make profit with the bonus account and then you can withdraw either the profit or both the bonus and the profit gained from the bonus.
Do you need to deposit any money to get no deposit bonus?
That’s a weird question, isn’t it? If it’s called no deposit, why I might need to deposit any money?
Well, normally you don’t need to deposit any money to receive the bonus or even withdraw it. You can trade using the bonus and then either withdraw the profit or in some cases withdraw both the bonus and the profit.
You can call it a free no deposit bonus.
On the other hand, there are some bonuses that you need to deposit a small amount of money to get the bonus. For example, you want to use a $30 bonus but first, you have to deposit $10 to be eligible for receiving that.
There are several reasons that brokers give for this deposit.
Sometimes the small deposit acts as a verification method for your account. If this is the case, you can withdraw your money after receiving the bonus in some cases.
In another type of such a requirement, the amount of bonus is far more than usual such as $500 or 1000. In these cases, you have a limited time to trade with the bonus account and make as much profit as you can, then deposit up to the profit you’ve gained.
For example, the bonus is $1000. You have 7 days to trade and make as much money as you can. You make $500 within the 7 days. Now, you have to deposit $500 to keep the $500 profit or you can deposit less but you can keep less profit.
If you deposit $300 in the example above, your profit becomes $300 instead of $500.
For more information about the specific conditions of these bonuses, go to the review related to the broker by clicking on the see review button in the list.
Forex no deposit bonus terms and conditions
Although forex no deposit bonus is a good opportunity to build your account and find some money for trading, the conditions of trading with these types of accounts are not completely similar to usual accounts.
In other words, no deposit bonuses come with some terms and conditions designed by forex brokers.
There could be various reasons for making these kinds of conditions….
…but the main reason could be:
They don’t like to give away money to someone who doesn’t bring profit to them. I’m not saying they want to deceive you or not to necessarily give you the bonus if you are profitable but like every other business, it’s a matter of give-and-take.
They expect you to give them profit by trading normally and give them spread, no matter if you win or lose, but if you use a strategy that may cause them trouble in any way just to get the bonus and then disappear, you might cross their line and have problems with them.
They also like the clients that use this bonus as a way of knowing the different aspects of the brokers.
Those kinds of clients will deposit more money later and trade with a larger account, therefore, the brokers can make chubbier profits.
All in all, whether you just want to gain the bonus or you decide to become familiar with the broker, you probably won’t have problems with them if you go by the terms and conditions of their no deposit bonuses.
Common terms and conditions
There are some common clauses that you see in all terms and conditions of the forex no deposit bonuses.
As I said in the previous section, you can’t ask for the bonus more than once and none of your family members can ask for the same bonus either.
Even if someone else requests for the bonus through your device (computer, mobile, etc.), or via your internet service (the same IP address); they won’t give you the bonus and even if they will in the first place, they’ll cancel that later.
With that said, you are prohibited to use any kinds of internet proxies such as VPN, VPS, or any other methods that hide or change your IP address.
The next condition is that they withhold an absolute right to either reject your request for the no deposit bonus or cancel that at any time and at their own discretion without giving you the reason and based on the rules.
They probably wouldn’t do that if you follow their rules because first, they don’t want to lose good clients and second, they don’t want to see massive defamatory reviews throughout the internet.
The mentioned rules are in common between all the forex brokers offering no deposit bonus but there are some conditions that vary from broker to broker.
That’s why I’ve made this comparison table and concise review of forex no deposit bonuses for different brokers so you can have a better understanding of the bonuses in general and their different terms and conditions in particular.
You can also see more in-depth reviews specifically for the no deposit bonus of the brokers by clicking on the see review button in the list.
I’m going to talk about the different conditions that you see in the table but before that, I think it’s worth mentioning that:
How do I review brokers offering forex no deposit bonus
All these no deposit reviews are based on my experience with the forex brokers from requesting and receiving or not receiving the bonus to going through terms and conditions of them.
I’ve also asked them various questions via email and live chat in case of ambiguity or unavailability of information regarding the terms and conditions of the bonus.
The next metric I consider is brokers’ regulation. It’s hard to trust brokers without being regulated by at least one regulatory body.
Even some regulated brokers act insincerely towards some clients let alone non-regulated ones.
Anyway, I’ve just started testing the brokers offering no deposit bonuses so I’ll add more to the list. You can visit this page every now and then to find more.
In case you have doubts about any of them, you can either read the conditions on their website or ask them by yourself.
All in all, use the information on this page at your own discretion.
Now let’s take a closer look at the parts of the forex no deposit bonus list or table.
Forex no deposit bonus withdrawal and profit withdrawal
There is a difference between brokers on withdrawablity (I’m not sure it’s even a word) of the no deposit bonus itself.
Some brokers’ bonus is withdrawable and you can take it out of your account after trading a specific amount of lots. In other words, although you can withdraw the bonus, you can’t withdraw that right away but you can trade and release that.
On the other hand, some brokers’ bonus is not withdrawable whatsoever. It’s only designed so that you can trade and make a profit out of that.
After that, you can withdraw the profit but again, you can’t take it out without meeting some conditions. In this type of bonus, you also need to trade a required number of lots before withdrawing the profit.
Most brokers’ no deposit bonus is in the second category where you can only withdraw the profit, not the bonus itself; however, there are a few brokers that offer the withdrawable bonus.
You can find this in the bonus and profit withdrawal column of the list.
Expiration period
Sometimes, there’s a limitation on the period you can trade with the forex no deposit bonus account. Not all brokers have this condition but most of them do.
To be honest, I haven’t found any meaningful connection between the bonus duration and other factors of the bonus.
There are even some brokers that don’t have any limitations on trading period using the bonus.
You should consider this along with the required lots to see if you can meet them. If your strategy doesn’t generate enough tradable positions, you might consider going with the brokers that have longer time period or even pick the ones with an unlimited period.
Be careful, if the bonus period comes to an end, your open trades or positions will be closed automatically at the market price, so it can be a good idea to trade carefully during the last day.
Required lots for releasing bonus and profit
We’ve touched on this one to some extent. As you know now, the forex no deposit bonus and/or the profit gained from that isn’t withdrawable right away.
You need to trade a number of lots to redeem that. Again, there isn’t a common rule for determining that and every broker has its own calculation to set the number.
I think this is one of the hardest parts of the offer and somehow unfair.
Ok, this is free money, or free with some strings attached, but they can loosen up the attachments a little bit.
You definitely can’t train or hold a solid money management. It can grow bad trading habits if you are not aware of what you do and adopt that destructive habit.
However, without breaking some money management rules, it seems impossible to make a profit from some of the no-deposit bonuses.
I think the best strategy for that is to be more aggressive in the early stage and after building up the account, you can take a tighter approach.
For example, instead of risking 2 or 5 percent of your account, go with the 20 percent at first if your strategy doesn’t show you enough setups to trade.
On the other hand, if you can find more positions to trade, you can risk less percentage for each trade and the high number of trades would make up for that.
By the way, be careful not to push it by generating meaningless and countless trades and lots because your bonus will be in danger of cancelation by the broker. Maybe it could be a good idea to ask them how much risk is allowed per trade.
To sum it up, you have to find a way to meet the required lots within the time period but before that, make sure to read the conditions of the brokers so that you can pick the one that suits you the most.
Forbidden strategies for forex no deposit bonus
Expert advisors (eas), scalping, and hedging are the main strategies that most brokers have problems with when it comes to their no deposit bonus offers.
Most of the brokers normally allow these strategies specially eas and scalping but they don’t like them for the bonus accounts.
Why is scalping not allowed for no deposit bonus?
Basically, when you scalp, you send the broker lots of orders in a short period of time so they have to manage the orders quickly either by sending them to liquidity providers such as banks, financial institutions, etc. If they are NDD or fill the orders internally by matching the orders (you sell, someone buys and the broker matches it together) if the broker is DD.
In a nutshell, you bring them lots of work that should be worth it for them to do.
If you have a large account, most of the brokers don’t have any problems with scalping because first, you trade in a large number with high lots and it means more commission for them.
Secondly, it’s so much easier for them to fill larger orders than smaller ones.
For example, their liquidity provider has a $100k sell order on GBP/USD (a british has sold something to an american and received dollars and now wants to exchange it for pounds).
Now the broker wants to fill its client’s orders with that $100K. 100 buy orders, each with100 lots can do the work but how many buy orders with 0.1 lots are needed to do the same job? You’ll do the math.
If you don’t scalp and give them time, it’s not a big deal and they find smaller orders like you to match or even hedge that (fill it by themselves to find the right price) but when you send them lots of small orders with different price every minute, it becomes harder for them to find your requested price and they can’t always hedge that because they can’t calculate the risk if there are numerous orders.
You give them a very small commission or spread and lots of orders that they need to hedge so for them it’s not worth risking in some cases.
We’re not talking about one scalper here with whom the broker might have problems. They can handle some but lots of them, they might get into trouble.
Having said that, most reputable brokers don’t generally have problems with scalping nowadays even with small accounts when you want to trade with your own money.
They don’t accept scalping for their no-deposit offers because I think the bonus account holders are a big chunk of their clients. What if a part of them were scalpers with a small bonus account!!
We give you free money to trade and now we have to handle lots of scalpers with small accounts as well? No thanks.
To be fair, that’s not an irrational argument and we shouldn’t blame them for that. In this case, they’re somehow right.
Hedging is not allowed
Another strategy that is forbidden when trading with a forex no deposit bonus account is hedging.
In simple words, hedging means: trading the opposite side of your current position.
Mostly, traders do that because they want to lock their trades when it’s in the red and they’re losing money so they lock the position to reevaluate the situation.
For example, you buy EUR/USD at 1.1168. The price goes against your favor and gets to 1.1145 so you decide to sell that in order to lock your position and your loss. Then you can reanalyze and decide later which side you want to unlock.
On the other hand, you may be in the profit and suddenly the market gets highly volatile, for example as a result of important news, so you decide to lock your profit to see what will happen when the excitement subsides.
US brokers are banned from letting their clients hedge according to the US regulations but other brokers including the brokers introduced here don’t generally have any problems with that.
However, when it comes to the no deposit bonus accounts, most of them don’t allow that. I couldn’t find any logical answer for that and none of them gave me a reasonable answer.
Why is eas not allowed for forex no deposit bonus?
The next method that some brokers don’t allow especially in the no deposit bonus accounts is using automated trading or as we know it in forex : eas.
Most of the brokers don’t have any problems with eas in general but they prohibit this kind of method for no deposit accounts.
I asked the ones that don’t allow eas and they told me:
Because this type of account is more like a training account for beginners so eas can’t help them to become a trader. Moreover, they don’t know automated trading well so they would probably choose the wrong and losing eas and blow the account.
I’m not sure how convincing the answer could be but that’s one of the conditions that some of the brokers have for this type of account.
However, they said this condition is only for no deposit accounts and if you deposit your own money everything’s allowed.
In conclusion, if you don’t use any of those three methods, you probably won’t have any problems with the brokers’ no deposit accounts.
Type of accounts
There are two important factors in the type of no deposit accounts we need to pay attention to.
As long as these types of accounts are small and in most cases we have a limited time period for releasing the required lots, having more options for lot size can be an advantage.
If we are bound to just one lot size like 0.01 and have limited time to trade, releasing required lots is absolutely hard to pull off.
However, it can be a good opportunity from training perspective because if you are a newbie, you can’t blow up your account quickly — actually you still can but it takes a little bit longer
On the other hand, if you have more choices for lot size, you can diversify your trading by using different methods as we talked earlier — you can trade with bigger lots at first and modify that when your account is chubbier.
The second important factor is leverage. Leverage is a double-edged sword. It can be both to the benefit of you and your enemy.
Having more leverage basically means having more money to trade and risking higher. You can win more if you are a profitable trader but you can raze your account to the ground sooner if you don’t know what you’re doing.
In general, for smaller accounts, you can risk more so having larger leverage can come in handy especially for no deposit bonus accounts.
In no deposit account, not only do you have a few bucks to trade but you also have a limitation on time and sometimes on lot size so you need all the possible money for that in general.
The bottom line
Forex no deposit bonus is an opportunity for beginners who haven’t tried live accounts and want to leave demo trading behind and become familiar with real trading. No deposit bonus can help them to achieve that without spending a dime and trade with free, but real money.
It’s also useful for the traders who want to know a broker better and see the performance of the broker in the real condition of the market.
It can also be beneficial for those who don’t have enough money to trade but they can trade profitably and make money out of trading so they have a chance to do so.
Whatever reason you have for using any forex no deposit bonus, you need to know the terms and conditions of the bonus you choose otherwise you may cross a line and cause the cancelation of that or you can’t meet the requirement as a result of unawareness and lose the bonus.
Yes and no. There are bonuses that are not withdrawable and you can only withdraw the profits gained from them. On the other hand, there are some that you can withdraw both bonuses and their profits.
You need to trade a specific number of lots in most cases in order to have permission for withdrawal. For example for a $10 bonus, you need to trade 2 lots.
The most common ones are scalping, hedging, and using eas however, they are allowed in some cases — especially eas.
At first, in some cases, yes but sometimes no, however, when you want to withdraw the bonuses or profits, you definitely have to submit them to be verified.
So, let's see, what we have: this is a list of forex brokers offering no deposit bonus in 2021 based on my experience I had with them and a review of their terms and conditions at no deposit bonus forex brokers list
Contents of the article
- No deposit forex bonuses
- No deposit bonus forex brokers list
- Forex no deposit bonus list
- What is forex no deposit bonus?
- Do you need to deposit any money to get no...
- Forex no deposit bonus terms and conditions
- How do I review brokers offering forex no deposit...
- Forex no deposit bonus withdrawal and profit...
- Expiration period
- Required lots for releasing bonus and profit
- Forbidden strategies for forex no deposit bonus
- Why is scalping not allowed for no deposit bonus?
- Hedging is not allowed
- Why is eas not allowed for forex no deposit bonus?
- Type of accounts
- The bottom line
- No deposit bonus
- 300 USC no deposit bonus – freshforex
- $30 new year no deposit bonus – justforex
- $35 no-deposit bonus – fortfs
- $50 no deposit bonus (for thai client) – FXTRB
- $100 gold trading no deposit bonus – seven...
- $50 welcome no deposit bonus – SFEX
- $50 no deposit bonus scheme – topfx
- $50 no deposit bonus – atlasforex
- NEW $30 NO DEPOSIT BONUS – roboforex
- No deposit bonus, withdraw profits – tickmill
- $50 welcome no deposit bonus – milton markets
- $25 USD no deposit bonus – tiomarkets
- No deposit bonus $5000 USD – instaforex
- $88 no deposit bonus – redstone FX
- Up to $50 no deposit bonus – investizo
- $100 no deposit bonus – fidelis capital markets
- $25 no deposit bonus – velocity trades
- Top 6 best forex brokers with no deposit bonus...
- What is a no deposit bonus?
- No deposit bonus: are they available in the EU?
- Top 6 best brokers with no deposit bonus
- Best no deposit bonus forex brokers 2021
- Tickmill
- GO markets
- Roboforex
- Axiory
- What is a no deposit forex bonus?
- What should I do to get my bonus?
- What is the difference between no deposit bonuses...
- What other bonus and promotion types do brokers...
- Conclusion
- Forex no deposit bonuses
- List of free forex no deposit bonuses 2021
- Featured forex no deposit bonuses 2021
- Forex no deposit bonuses 2021
- No-deposit bonuses, which require or may require...
- Ended bonuses
- Is it really free money?
- Can I withdraw no deposit bonus?
- What should I check when choosing a bonus?
- Why brokers offer forex no-deposit bonuses?
- What is the difference between no deposit bonuses...
- Forex4you – trading hero contest
- Justforex – 2021 trading contest
- Promax – 10% deposit bonus
- Hotforex – 100% supercharged bonus
- Seven capitals – real $100 account
- Latest forex no deposit bonus list 2021
- The ultimate guide about the no deposit bonus
- No deposit bonus without verification
- Why a no deposit bonus?
- No deposit bonus forex brokers list
- Forex no deposit bonus list
- What is forex no deposit bonus?
- Do you need to deposit any money to get no...
- Forex no deposit bonus terms and conditions
- How do I review brokers offering forex no deposit...
- Forex no deposit bonus withdrawal and profit...
- Expiration period
- Required lots for releasing bonus and profit
- Forbidden strategies for forex no deposit bonus
- Why is scalping not allowed for no deposit bonus?
- Hedging is not allowed
- Why is eas not allowed for forex no deposit bonus?
- Type of accounts
- The bottom line
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