Best free no deposit bonus forex

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 free no deposit bonus forex.

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

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 forex brokers with no deposit bonus for 2021

Top rated:

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

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

What is a no deposit bonus?

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

No deposit bonus: are they available in the EU?

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

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

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

Top 6 best brokers with no deposit bonus

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

No deposit forex bonus brokers - 2021

No deposit forex bonus is one of the most desired forex bonus and promotions by forex traders because you can trade without depositing your own money. Forex brokers offer many types of bonus and promotions to attract more clients or to reward the clients for choosing them as their broker. Free forex bonus and promotions certainly benefit the clients since they allow the clients to trade with a larger balance than they have deposited.

What about forex no deposit bonus 2021?

Of course, I am assuming that the broker is not a scam. Because, there are tons of scam brokers out there who allure novice traders through attractive bonuses just to fraud them at the end by rigging the trading conditions or simply pocketing the client’s deposit.

Therefore, free forex bonus and promotions should not be your only criteria when choosing a forex broker. Regulation, trading conditions, reputation and customer services are some of the other features that every trader has to take into account on the road to pick a suitable forex broker for yourself.

What is no deposit forex bonus?

There are many forex bonuses offered by brokers, some of them being granted to the traders post-trading, and others being rewarded to the trader’s forex account conditional on a certain amount of deposit or trading checkpoints. Deposit bonus, welcome bonus, redeposit bonus, rescue bonus and volume bonus are examples for different types of forex bonuses.

In addition to those, there is another type of free forex bonus. This forex bonus is credited to the trader’s account without any initial deposit or other condition whatsoever. Well, of course there is one condition; opening a forex account with the broker. As soon as you open the trading account, you will be rewarded with a free bonus. This type of forex bonus is called no deposit forex bonus.

No deposit free forex bonus brokers in 2021

Why is no deposit free forex bonus important?

No deposit free forex bonus is a great opportunity for beginner traders to gain experience without risking their real money. Besides, it allows seasoned traders to evaluate the services and live trading conditions provided by the broker before depositing money into their trading account.

Since it is not your own money, it will not hurt you financially and emotionally in case you blow up the account. The bonus is also very useful for traders who wish to develop and test new trading strategies without investing and risking their capital.

It is a common exercise followed by the forex brokers to provide different trading conditions in terms of spread, execution time and slippage between demo and live trading accounts. Therefore, trading with a demo account may mislead traders regarding the trading conditions that come with a live account. No deposit forex bonus allows traders to experience a live trading environment with the actual conditions.

How to choose the best free forex bonus?

It is never an easy task to choose a forex broker. I always emphasize the inappropriateness of choosing a forex broker solely due to the appealing free bonus and promotions. Never pick a forex broker just because it gives you a higher percentage of free bonus than the other brokers do.

Prefer a regulated forex broker

Regulation must be the first and foremost quality of a forex broker that you are going to trade with. You should always put regulation and license above all else when selecting a forex broker. I don’t recommend openening an account with an unregulated forex broker no matter how good the bonus and promotions are offered. After all, what is the use of a free $5000 bonus if you will not be able to withdraw your capital from the forex broker?

Another point to keep in mind is that many unregulated or poorly regulated forex brokers use free forex bonuses as a tool to attract more clients just to fraud them. Those are the scam forex brokers that you have to stay away from no matter how big bonus and promotions they pledge.

Consider the trading conditions

Spreads, execution time and slippage are going to have a decisive impact on the fate of your trading strategy. Free forex bonus and promotions are very alluring however the trading conditions may be against your advantage just to strip you off the benefits of the bonus. In another word, the brokers may give you the bonus but may not let you benefit from it through adverse spreads, execution time and slippage.

Read and understand the terms and conditions

Forex bonus and promotions usually come with certain terms and conditions. Some forex brokers let you enjoy the free bonus without verifying your trading account while some others require you to validate your account first. Some forex brokers even allow you to withdraw the free bonus conditioned on certain prerequisites.

Therefore, it is always a good idea to read and understand the terms and conditions of the no deposit bonus to avert an unpleasant surprise afterwards.

Forex deposit bonus and forex no deposit bonus

Forex no deposit bonus

Forexbonus2021 is the right place to find all the latest no deposit bonuses.

Forex brokers offer too many no deposit bonus, but we listing only regulated broker bonus. You can find from $5 to $500 USD bonus on this page.

Forex no deposit bonus is quite an excellent opportunity for forex traders. It’s a free bonus, don’t need any deposit, risk free and deposit free way to start live trading in the currency trading market.

Many brokers are offering free bonuses, a client can get via registration and start live trading also gets the chance to make some real profit.

People often think why the forex broker offers real money, simple answer broker offers free money for fore beginner and to know more about them.

They don’t give free profit, a client needs to trade a minimum standard lot within the promotion period.

Now from a forex broker manager’s point of view, why forex broker offers free no deposit bonus:

Welcome bonus 35 USD bonus – fortfs

$1200000 bonus offer for FBS 12 years anniversary

100 USD no depsoit promotion – seven capital

Redstonefx $88 forex no deposit welcome bonus

Hotforex 30 USD no deposit bonus – 2021

$30 welcome account bonus by tickmill

$25 USD N0 deposit bonus – tiomarkets

$25 no deposit bonus (welcome) – xtreamforex

Profittoltd $30 free forex welcome no deposit bonus

35 USD no deposit welcome bonus promotion offer – fortfs

Get free $140 and start live trading – FBS

Freshforex $2021 forex no deposit bonus

Free welcome forex no deposit $30 from tickmill

Xtreamforex $25 no deposit forex bonus for new clients.

Fort financial services ltd $35 free forex bonus

Free $30 USD: hotforex no deposit welcome bonus

Welcome bonus 35 USD for live trading – fortfs

30 USD special NDB by hextraprime

$30 free forex no deposit bonus by hotforex

Welcome bonus no deposit 123 USD by vistaforex

No deposit bonus 100 USD – fortfs

100 USD no deposit free forex bonus by fortfs

Get TEST DRIVE WELCOME BONUS 30 USD (no deposit)

110 USD fxcess free credit bonus – 2021

Forex no deposit bonus serves three purpose

This free welcome and no deposit bonus offer brokers as a starting point for forex newbie. Forex new traders obviously face many problems to start real trading. One of the big issues is own money, this why the broker offers some free amount to start with them. This is why the newbie doesn’t need to provide more details and deposit, so they love to join freely. This way newbie can try out live forex trading with real and free money.

A trader doesn’t feel any pressure and afraid of loos. A newbie can start to buy or sell currency fell free. When a trader makes a deposit, the trader feels the pressure. This why the broker offers this opportunity for a newbie.

Also, the forex trading is addictive for the traders and they continue to trading before making a profit. At this point no deposit bonus encourages to make a deposit in the future and chance to continue trading. This way a forex trader stays and might become a regular forex trader encourages might put in some real stakes.

How to get a forex no deposit bonus

Due to geo, and regulation restriction, not all forex broker offers free bonuses. But there is a lot of forex broker offers no deposit bonus with some easy conditions. Forex no deposit bonus starts from 5 USD and few brokers offer a maximum 500 USD. But, the big number of bonuses is really rare, a few brokers offer the bonus occasionally. If you are a newbie and considering to learn forex trading, it’s better to start with forex demo trading.

Forex demo trading is free and 100% risk free way to start and learn forex trading. Most of the forex broker offers the demo account.

Get a no deposit free bonus is not hard. A client can get a forex no deposit bonus very simply. To get a no deposit bonus a client need to complete up to 3 steps:

Sign up: forex no deposit bonus is a welcome and sign up bonus. To get this free bonus, a client must need to sign up with the forex broker. To sign up simply go the open account page, fill your right information such as first name, last name, email id, mobile number, etc.

Verification: for the security reason data verification process is very important. It this step the client needs a short verification of his / her data, such as email id and mobile number. Sometimes broker asks to verify the address, ID or passport.

Request: A most of the time broker provides the free bonus automatically after complete the verification process, but some broker doesn’t provide in this procedure. After complete the ID verification, a client needs to send a request to get the no deposit bonus.

General terms and conditions of a no deposit bonus

Forex broker offers a free bonus with some conditions such as account opening condition, trading period, account types, trading product, active time period, trading lot and position time.

Here is some common terms and conditions of a free bonus:

The bonus is only for one time

A person can get this bonus only time.

The bonus is only available on per IP.

The bonus is only available per device (desktop, mobile, tablet).

You can choose only X, Y or Z account.

This bonus allows only the X and Y trading platforms.

You need to verify your account to get the bonus.

The bonus is not available for this X, Y, and Z countries.

The bonus will active X days after opening the account.

The bonus trading currency is X and Y.

To withdraw the trading profit you have to trade at least X standard lot.

Note: each broker set different terms and condition to get no deposit bonus and withdraw trading profit. So no deposit bonus terms and conditions depend on the broker, and you must read before getting a bonus.

To become a good trader understanding terms and conditions is very important.

Finding the best no deposit bonus

To find a free no deposit bonus you can search on the search engine, browse the no deposit bonuses list. The most of forex broker offers the no deposit bonus, so find the best no deposit bonus is difficult. You can choose a good forex broker, a good broker offers not a bad bonus. Also, you can follow our top forex bonuses to choose one, this option will better for you. We filter and review and put them on our top bonus list, the way will easier, and will time saver for you.

Summary

Forex no deposit bonus is just a way to start forex trading and makes a strategy to enjoy the forex trading and become a regular forex trader. The bonus is becoming more popular in this trading market.

Are you want to become a regular trader? Why are you waiting? Stay with us, and choose a forex bonus with our featured forex broker and enjoy the currency 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.

Forex no deposit bonuses

Many forex brokerages provide their customers with appealing promotional incentives to set themselves apart from the crowd and attract the attention of new investors. Traders often get the chance to redeem deposit-match bonuses, referral bonuses, and no deposit bonuses. The last type easily wins the race when it comes to popularity.

A no deposit bonus is granted to new traders who set up an account with a given brokerage. When available, it can be obtained immediately after registration and does not require depositing funds into your real-money trading balance, or at least not right away. No deposit bonuses are typically small and consist of nominal amounts. However, they are still worth their salt if you are looking to test the platforms of brokerages you are unfamiliar with.

Here you can find a comprehensive list with all free forex bonuses available online. Choose a broker and start your forex trading career with zero risk. Below you can read how it works in three easy steps.

Select a broker from the list below and visit the website

The bonus is added to your account automatically

Forex brokers offering no deposit bonuses

With so many brokers competing among themselves for clientele, sometimes it can be difficult to find the no deposit forex trading site that best suits your style and needs. The good news is our experts have done all the hard work to make things simpler for you. All fifteen brokers listed below are regulated and offer decent no deposit bonuses.

Instaforex

Instaforex was launched in 2007 and presently has over 7 million registered traders under its wing. The website offers a staggering diversity of more than 200 instruments. Copy trading is also an option at instaforex whose database features more than 11,000 experienced traders. As for the no deposit bonus, new traders can start with $1,000 in free trading credits.

XM group

XM is a fully licensed and regulated brokerage that executes trades with the permission of the regulatory authorities of cyprus, the UK, australia, and dubai. The broker offers a $30 no deposit bonus to new customers. The funds are non-withdrawable but traders get to cash out their associated winnings.

FBS is a globally recognized brokerage that services more than 15 million customers from over 190 jurisdictions, bar clients based in the UK, the USA, and canada. Registrants can benefit from a very high leverage that reaches 3,000:1. New customers will benefit from $100 in real money to start their trading journey with. The free funds should be used within a 30-day period.

Plus500

Plus500 has been servicing traders since 2008 under the regulations of the FCA, cysec, and the south african FSCA, among others. In 2019 alone the brokerage handled over 35 million opened positions. It presently services over 200,000 active customers, offering them trading with cryptos, commodities, indices, shares, and currency pairs. Newcomers are treated to a €25 no deposit bonus.

Fxopen

Fxopen is one of the most trusted and fastest-growing brokerages in the industry, with a long history that can be traced back to 2005. The company has been offering bitcoin trading since 2014. It utilizes the powerful metatrader terminal and offers competitive spreads for a variety of instruments, including forex pairs and stocks. New registrants who sign up for STP accounts are eligible for a $10 no deposit bonus. Traders can withdraw the associated profits once they reach a trading volume of 2 lots or higher.

Emporio trading

Emporio trading welcomes newcomers who have fully verified their live accounts with a $30 no deposit bonus. The broker’s website caters to international customers with the availability of multiple languages, including english, spanish, russian, and portuguese. The brokerage works with the metatrader 5 platform. The browser-based version webtrader is also on offer.

FXQM (short from fxqmarket) is overseen by the financial services authority of seychelles. The regulated dealer offers over 70 instruments and boasts an average order execution speed of 0.14 seconds. Several account types are available, including standard and raw ECN accounts. Both require minimum deposits of $10 and offer a maximum leverage of 1,000:1. You can start trading with no risk with the help of a $30 no deposit bonus.

Tickmill

Tickmill is a dynamic brokerage that supports trading with more than 80 CFD products at ultra-competitive spreads. Registrants have a choice from classic, pro, and VIP accounts. Traders can open and close positions both on their desktop computers and mobile devices. As for the available platforms, tickmill supports metatrader 4 and its browser-optimized version webtrader. New customers have the opportunity to trade with $30 in free funds, granted as a no deposit bonus.

Fxplayer

Fxplayer was launched in 2014 and originally started as an ECN and STP platform. Today it offers a wide range of available instruments, including trading forex currency pairs, gold, silver, copper, and indices. Traders at fxplayer are treated to many useful tools such as an economic calendar, a pip calculator, currency converter, profit and margin calculators. The no deposit bonus of fxplayer amounts to $100 in risk-free trading.

Fxgiants

Fxgiants welcomes investors from more than 150 jurisdictions, allowing them to trade on roughly 200 assets. Some of the most popular options include currency pairs, commodities, futures, and stocks. Traders from the united states are not welcome here, though. The broker greets newly registered traders with a no deposit bonus of $30 upon successful email verification. Those who verify their accounts over the phone are eligible for $40 on top of that.

Windsor brokers

Windsor brokers is one of the trading industry’s old dogs, having been established in 1988. Transparency, security, and competitive pricing are the biggest drivers of windsor brokers’ success. The brokerage provides a choice from metatrader 4 for desktop and mobile and the MT4 webtrader. This fully regulated trading website gives you a good headstart with a no deposit bonus of $30.

Corsa capital

Corsa capital was established in 2007 by a group of trading experts. Its main focus falls on the foreign exchange markets. The company caters to novice traders with various educational materials and tools, including video tutorials, an economic calendar, and demo accounts. Its website supports english and russian. It offers a no deposit bonus of $100 to each new registrant, who verifies and activates their new corsa capital live account.

World forex

World forex has plenty of advantages up its sleeve to attract traders with, including withdrawals within a maximum of thirty minutes, the absence of commissions, and the option to autotrade. Additionally, the client-oriented brokerage offers free training, round-the-clock customer support, and a bespoke loyalty program. It has over 350,000 active customers from around 50 jurisdictions. You can start your world forex experience at no cost by redeeming the $10 no deposit bonus.

Mitrade

Mitrade is an award-winning online brokerage that specializes in trading with contracts for difference (cfds). The broker has received authorization from one of the strictest financial regulators in the world, the australian securities and investments commission (ASIC). It provides negative balance protection to customers who trade with leveraged products. The ceiling on leverage varies between trading instruments but the maximum is capped at 200:1. Registering at mitrade can earn you a no deposit trial bonus of $50.

IUX market

IUX market is the right brokerage for all traders who insist on variety and portfolio diversification. Here you have a choice from over 1,000 instruments, with spreads starting at 0.5 pips and a maximum leverage reaching up to 1,000:1. Novices will benefit from a social trading service that allows them to copy the positions of experienced traders directly in their portfolios. New customers can start for free with a $30 bonus granted upon registration.

Registering an account with a forex brokerage

If you want to claim a no deposit bonus, you need to sign up for a real-money account at your chosen brokerage. The process is rather straightforward and hassle-free as all you have to do is fill in the registration form with your personal information. This typically includes your name, street address, email, telephone number, and birth date.

Regulated brokers are required to ask about each customer’s social security number, their professional occupation, and current status of employment. You should be prepared to answer some income-related questions about your yearly salary and your overall net worth.

If you are looking to trade on margin, i.E. To use leverage, you will have to go through a brief questionnaire regarding your trading expertise, earnings, and experience. Then all that remains for you to do is to activate your live account via the link the brokerage will send to your email.

This usually also contains a username and a password along with detailed instructions on how you can deposit to your new live account. Of course, you can skip on this step if you want to redeem the no deposit bonus. Note there are different account types including ECN and islamic (swap-free) accounts, so be sure to pick the one that best suits your trading style and preferences.

How to claim a forex no deposit bonus

Only customers who have undergone successful verification of their live accounts are eligible for no deposit bonus redemption. There is no need to add funds to your balance at this stage. It is worth noting that some brokers require customers to set up their accounts in specific base currencies to become eligible for bonus redemption.

Others also impose restrictions on the maximum leverage you can use when trading with the no deposit bonus. As for the verification process itself, it usually entails sending copies or scans of documents for personal identification. The payment method and your permanent place of residence also need to be verified.

Important terms and conditions to consider

Like all promotional incentives available to online traders, forex no deposit bonuses come with certain conditions that must be met before you can take full advantage of the free trading credits. The first and most important requirement is to set up a live trading account. New customers who register demo accounts upon arrival are generally not eligible for redemption.

Some forex brokerages cater with no deposit bonuses only to traders based in specific jurisdictions due to financial regulatory restrictions. The general rule of thumb is that all types of promotional offers are off-limits to customers registering from countries based within member states of the european union (EU).

Another important condition stipulates the customer must undergo a full verification of their account to become eligible for a no deposit bonus. As far as withdrawals go, traders can cash out the profits acquired from using the free funds anytime they wish. However, most brokerages would require you to make a real-money deposit before you can request a withdrawal.

There may be restrictions on the amount you can cash out in the form of profits. In some cases, the withdrawable sum is determined by the customer’s trading volume. For example, if 1 lot is equal to $1, you will need a trading volume of 100 lots or more before you can cash out $100.

In many instances the maximum withdrawable amount is fixed rather than trading-volume dependent. Traders sometimes have a limited time to meet these requirements, starting from the day of opting in for the offer. However, the exact timeframe customers are granted differs between brokers.

Restrictions apply to the maximum leverage customers can use when trading with a no deposit bonus but these are largely broker-specific. Some brokers would also impose limitations on the maximum trading volume allowed with an active no deposit bonus.

More often than not, the bonus amount itself is non-cashable; only the associated profits can be withdrawn. Of course, you need to trade with your personal funds to unblock the bonus-related earnings. The bonus itself is canceled when the trader sends a withdrawal request and is removed from their account. Few brokers would allow you to cash out both the bonus and its associated earnings.

Since this type of offer aims to incentivize new customers to try the platform and potentially stay with a given broker, each new registrant can apply and receive a no deposit bonus no more than once upon signing up.

The type of account you open also matters with some brokerages and so does the platform you register for. For instance, some trading sites offer this type of incentive only to customers who sign up via the metatrader 5 platform. Those who use MT4 are ineligible in this case.

Certain live account types may not be eligible for redeeming a no deposit bonus. The bottom line is you should always make sure you read and understand the promotional terms and conditions or else you might have your bonus forfeited due to violations.

Key benefits of using forex no deposit bonuses

There are numerous advantages of using forex no deposit bonuses, especially if you are interested in online brokerages that do not give you the option to sign up for a free demo account. No deposit bonuses are important, first and foremost, because they offer traders the chance to test a given platform and develop a clear trading strategy.

With these deals, you can open and close positions to test the waters via a broker’s desktop platform or its mobile application before you start investing real money. This type of promotion also enables you to draw comparisons between several brokerages. It furthers decision-making and helps you make a better-informed choice when selecting a broker.

Claiming a no deposit bonus allows novice traders to experiment with new instruments and currency pairs to broaden their knowledge and scope. For example, a rookie trader might have previous experience with the pair USD/EUR while being unfamiliar with USD/CAD. One such person can easily familiarize themselves with the second pair by putting their no deposit bonus to good use.

Cons to consider before you opt in for a no deposit bonus

As appealing as no deposit bonuses are, they are not entirely lacking in disadvantages. To begin with, you may not be eligible for redemption in the first place when based in some jurisdictions, particularly the EU.

Another weakness of no deposit bonuses is that they usually give you very nominal amounts to trade with for free. The exact amount is brokerage-specific but normally ranges between $10 and $100. This may be insufficient for clients who are complete novices where forex trading is concerned, even more so if you have to invest at least $5 or $10 per position.

From this perspective, beginners are better off registering a free demo account (if available). The latter would provide them with more time to hone their forex trading skills. If a customer happens to exhaust the demo account’s balance in full, they have the option to request a reload and start afresh.

Another widespread downside of the no deposit bonus is that often the bonus amount itself is uncashable. The free funds are removed from your account when you request a withdrawal. No deposit bonuses are generally available solely for trading. Only the associated winnings can be cashed out with a cap on the maximum allowed sum in most cases. The winnings are not available for withdrawal straight away, either. You have to cover the minimum required trading volume, which may be an issue for inexperienced investors.

Some traders are in the habit of hunting solely for no deposit offers and end up registering way too many accounts. This habit may be detrimental since it leads to a lack of consistency. Finally, some offers appear too good to be true. If you dig deeper into the terms, though, you may quickly notice the bonus is not as beneficial as it originally appeared to be.

No deposit bonus forex 2021

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

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

Can I make money with a free forex bonus?

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

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

What are the terms and conditions for free forex bonuses?

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

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

What is the best type of forex no deposit bonus?

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

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

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

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

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

Is it worth to try no deposit forex bonuses?

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

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

No deposit forex bonus brokers - 2021

What about forex no deposit bonus 2021?

What is no deposit forex bonus?

No deposit free forex bonus brokers in 2021

Why is no deposit free forex bonus important?

How to choose the best free forex bonus?

Prefer a regulated forex broker

Consider the trading conditions

Read and understand the terms and conditions

Therefore, it is always a good idea to read and understand the terms and conditions of the no deposit bonus to avert an unpleasant surprise afterwards.

Bonuses and incentives

The world of forex trading is very competitive. There are so many brokers to choose from it can be hard to know which one to choose. With so much competition, brokers have to make sure that their offering is exciting and enticing. To do this, they incentivise you with bonuses for opening an account and making a deposit.

There are lots of different deals and offers, and they vary greatly. Not only do the types differ but also the amounts. With one broker you may receive a fixed fee whereas others will offer a percentage of the deposit that you make. Then there are bonuses for the volume you trade and for continuing to make deposits.

But how do you choose your broker? For many, the bonus is an essential criteria and can be the deciding factor. We have tried and tested every forex broker to make sure that we only bring you the best and as bonuses are one of the critical criteria that we review you can be confident that we present you with the best that the industry has to offer.

In this article, you will learn:

Top rated forex sites

Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

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The types of forex bonus

There are many different types of forex bonuses available. More commonly you will see a welcome, deposit, or no deposit bonus when you visit a forex broker site. We review and recommend brokers based on these main types however, there are much more available. Some brokers pride themselves on the fantastic incentives that they offer. Here's an explanation of what's available:

Deposit bonus

When you open a forex trading account and make a deposit, you often receive some free money. This can be either a fixed fee or a percentage of your deposit. The deposit bonus has to be traded several times before it can be withdrawn.

No deposit bonus

Get a fixed deposit reward without making a deposit. This type of incentive is perfect for new traders that don't want to risk their own money while getting used to trading. Sign up to an account, receive your bonus and start trading before you make a deposit and start trading with your cash.

Volume bonus

This is great for more experienced brokers or for those who plan to trade in large volumes. The offer works like a cashback as it offers cash rewards based on the amount you trade.

Reward bonus

A reward bonus is given as an acknowledgement of completing specific requirements. It isn't always cash however and can sometimes be training courses, books or other tools to help you improve your trading experience.

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What is the ideal bonus

The ideal offer depends on what you are looking for. Different people have different requirements. If you are a novice trader then we would recommend that you look for a "no strings attached", no deposit incentive. This will enable you to get started on your forex trading journey without losing your own money and becoming disheartened watching your balance go down as you make your initial mistakes.

You may not make many mistakes, and your trading may be successful from the outside but like anything it takes practice to become good at something. Now if you are a more experienced trader then your requirements may be different. If you are not concerned about the money going down, because you know it goes up as well then you may be better off looking for a broker that offers a volume or a cashback deal.

Deposit bonuses are also good, especially if you can find a broker that offers 100% match. You may have different priorities, and you may prefer a particular site because of the ease of use. In these cases you won't be so bothered by the bonuses on offer if it is though it is worth checking out who offers what.

How a bonus can help

Bonus money is great if you are new to trading. From the deposit bonus to the no deposit bonus, it can be used in several ways to help you with your forex trading including:

There are terms and conditions attached to these bonuses which you should be aware of. The money has to be traded a certain number of times before it can be withdrawn, this is often the equivalent to thousands of dollars. Sometimes brokers will insist on $10,000 being traded for every dollar.

There are other rewards offered by some brokers that don't include cash. These rewards are often in the form of access to education tools and even books on trading. While they may not have the same appeal for many as a cash bonus, they are equally as valuable in helping to improve your trading skills. Some brokers also offer loyalty rewards which convert to discount or trading funds.

It is essential to choose the bonus which suits you based on your level of experience and what you want to achieve. For new traders the no deposit bonus is perfect while for more experienced traders they prefer a generous deposit bonus.

Deposit bonuses are good especially if you can find a broker that offers 100% match.

How we find the best deals

We find the best deals so that you don't have to. Our experienced team are made up of successful traders and financial experts that have spent years working in this industry. They trawl the markets testing the various forex brokers and putting them through their paces. We don't recommend just anyone. Every broker has to pass a rigorous analysis and trading test for us to be comfortable to put our name to it.

Each site is tested for licensing and regulation, ease of use and their mobile trading features. One of our critical criteria is bonuses. You will see our checklists on each of our recommended broker ratings. We rate them based on how they score for each category, bonus being one of them. If this is what you are particularly interested in then you can compile a shortlist from our recommended brokers and decide which of the shortlist you wish to open an account and start trading with.

With so much information available to you from our experienced and diligent experts, you can start trading with your chosen broker with peace of mind that your money is in safe hands.

Forex racer

Forex no deposit bonus

The best free forex no-deposit bonuses 2019

Make money in forex without investment

People say that the number one rule of financial trading is that you need a good deal of investment to start. That is no longer true. You can start trading in the forex market with as little as 100 dollars on a part-time basis. The key is to only make trades when you get a profit. If you know the market and study forecast accurately you can make a good steady income even with a small initial investment. Another good way to make money without investment is through a no-deposit forex bonus account. These accounts allow you to trade without investing your own money and still create a regular income stream.

What is a no-deposit bonus?

Whether you are just entering the forex markets or planning to trade in currencies in the future, the no-deposit bonus can help you set up nice and easy. It is the key to understanding the forex without risking any of your own, hard-earned money. If you discover that you have a knack for forex trading and are a natural at it, you can invest your own money and take up forex trading full time. If your trades don’t go as well as you hope, or you realize that forex trading just isn’t for you, you can just close the account without paying anything. No loss, no gain.

The popularity of no-deposit forex bonus

Forex trading platforms are always coming up with new incentives and ways to attract investors to their platforms. They have tried the virtual currency accounts and zero-fee for a month’s accounts. However, the no-deposit forex accounts gained more popularity than any other incentives. No-deposit forex bonus accounts are aimed specifically at new investors who lack experience of the currency markets. They also attract investors who have the time to research markets, but can’t spare enough funds to really get into forex. The no-deposits bonus accounts allow investors to make a significant amount of money with virtually zero risks. This is precisely what makes them better than any other type of incentives.

The risks in forex trading

Forex is a risky investment market that is not meant for people who cannot handle losses. There are millions of individual, retail and institutional traders trading daily in the forex market but only a handful of traders actually find success. Beginners can use demo trading, and it does help them understand the risks in the market. However, demo trading does not replicate the real-life emotions and risks of live forex trading. Many people turn apprehensive when they switch to real trading from demo accounts which affect their trading tactics. New traders are often unwilling to make trades because they don’t want to take the risk. This is where a forex no-deposit bonus can be useful. It works for both amateurs and more experienced traders. The no-deposit bonuses are in high demand in the FX market, but there are only a few online brokers that actually offer this facility for new accounts. Let’s take a closer look at how no-deposit bonus accounts work, and which platforms currently offer the best no-deposit forex trading in the market.

How do forex no-deposit accounts work?

Traditional forex accounts require you to deposit a sum of money into the account before you can start trading. The minimum balance can be $500, $1,000 or $5,000 depending on the broker. Once an investor has deposited the balance, the broker makes a commission on every trade that’s carried out through that account. This commission is the main source of income for the broker. In this type of traditional account, the depositor bears all the risk while the broker is guaranteed a return through commission. In no-deposit bonus accounts, the investor is not required to make an initial deposit and receives a bonus amount from the broker. This balance can be used for trading normally as if the investor deposited the money. You can also withdraw the balance without verification under the terms of the broker. If the depositor makes a profit through their trades, it belongs entirely to them. If they make a significant loss and lose all the initial deposit, they don’t have to pay anything. The broker bears the trading loss. The broker still collects a commission on the transactions which can compensate some of the costs for giving out the initial bonus to depositors.

Why forex brokers offer no-deposit bonus?

It is evident from the model that brokers have everything to lose from the no-deposit bonus and very little to gain. If a new investor makes risky trades for a greater return and the bet pays off, they can increase their balance significantly. If the bet fails, the broker bears the cost and they walk away without losing anything. So why do brokers offer the no-deposit bonus? There are two main reasons. The first is from a marketing perspective. Brokers that offer a no-deposit bonus usually get higher visibility on broker comparison platforms. No-deposit bonus is a huge attraction for both new and seasoned traders. The bonus brings more traders to the broker’s platform and increases their earning potential compared to its competitors. The second reason is that of all the traders that invest through the broker, some win and some lose. Brokers hopes that the big winners will continue trading through the platform while earning them commission in the process. People who win the first few trades are also likely to deposit their own funds into the accounts to scale their winnings.

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