Welcome bonus forex malaysia

Some regulators stop forex brokers from offering incentive bonuses to new clients.

On june 1st, 2018, ESMA chair steven maijoor announced: hotforex has managed to attract a broad-based global clientele by offering multiple language capabilities and has a dedicated malaysian team.

Best forex bonuses 2021

Giving away free money in the form of bonuses is common practice in the forex trading community outside of the european union where it is restricted.В these bonuses are just one of the ways that brokers encourage traders to try their services.В bonuses come in the form of no-deposit bonus and deposit bonuses and can be big or small depending on the broker.В

FXTM - best overall broker

Octafx - most trusted broker

Avatrade - best trading platforms

Marketsx - best trading conditions

Hotforex - best research

XM - best education

GKFX prime - most assets available

Here are the best forex bonuses for 2021

Last updated on 22 oct 2020

Updated 22 oct 2020

All brokers regulated

FXTM is an award-winning ECN/STP broker popular with beginner traders and experienced traders alike. Its popularity is due to the very wide range of accounts types, from instant execution accounts with very low minimum deposits to ultra-low spread ECN accounts вђ“ MT4 is supported across all account types and MT5 is available on the ECN accounts. An islamic option is available for all account types but only on the MT4 platform.

With recognition from the FCA and cysec, excellent training material, and 24/7 customer support, FXTM is a great broker for all traders.

Octafx is a client-focused, international broker with a loyal following of malaysian traders. The website is fully translated into bahasa melayu and octafx are always running competitions and promotions for malaysian clients; these include a 50% first deposit bonus, demo trading contests with cash prizes and frequent lottery giveaways (prizes include scooters, laptops and other gadgets).

An islamic option is available for all account types and new traders will like the excellent analytical section and range of useful trading tools such as autochartist, copy trading and an account monitoring service that lets beginners learn anonymously from successful traders. Trader education for beginners is well-presented and platform support is almost unbeatable, with MT4, MT5 and ctrader all offered.

Good value, beginner-friendly and hugely respected all over the world, avatrade is one of the most reputable brokers in the industry. With support for the leading trading platforms, great trading conditions on islamic accounts and top-quality multilingual support, avatrade has built a brand on a solid reputation and continues to please its many new and existing customers.В В

Avatrade offers trading in forex, commodities, cryptocurrencies, exchange-traded funds, options, bonds, and equities and is a good choice for any type of forex trader ranging from beginners to scalpers and intraday traders to long-term traders.

MarketsxВ is a premium trading platform. Itвђ™s operated by markets.Com and offers traders fast, low-cost trading on over 2,200 financial instruments. Marketsx provides CFD trading on global stock, forex, commodity, indices, cryptocurrency, ETF and bond markets. Clients in malaysia can take advantage of the swap-free islamic account on offer.

The proprietary marketxВ trading platform is packed full of features and trading tools and is optimised for lightning execution. As well as in-depth charting and asset comparison tools, marketsxВ also gives traders a wealth of decision-supporting data with sentiment tools, tutorials, and regular live-streamed, expert analysis.

Hotforex is an award-winning, global broker and has a reputation for client satisfaction.В

Trading conditions are varied across four account types, but spreads are generally tight (and are often zero pips on the market execution account). All accounts are also available as islamic accounts, and hotforex also offers copy-trading and managed accounts.В all clients have a dedicated account manager, and deposits and withdrawals are free no matter the funding method.

Hotforex has managed to attract a broad-based global clientele by offering multiple language capabilities and has a dedicated malaysian team.

XM group (XM) is a full dealing desk broker which offers floating spreads and suits all kinds of traders.В XM offers swap-free islamic accounts as well as a variety of other account types to suit traders.В it is a perfect broker for scalpers, intraday traders as well as long-term traders because of the tight spreads, fast execution times and good analysis software. В XM has a low minimum deposit making this broker accessible for traders just starting out.

GKFX is a new and popular broker on the asian market, winning many of the most industryвђ™s most respected awards вђ“ the first coming only a year after their launch in 2012.В it offers massive leverage of up to 1:1000, no minimum deposits for new traders, islamic versions on all accounts and a strong focus on integrity and quality service for its clients.

A number of useful tools are also available, including autochartist and trading central вђ“ alongside zulutrade and autotrade for those who prefer social trading вђ“ and the MT4 platform is fully supported, with hedging and scalping allowed.

Forex bonuses explained

Many top forex brokers offer several different bonuses, such as:

Deposit bonus

No deposit bonus

A trading bonus

Some custom bonuses specific to that broker

Almost every broker on the market offers a deposit bonus to give new investors an incentive to open a trading account.В A standard forex bonus is triggered when a client deposits money and they are then eligible to get the bonus either in a fixed amount or a percentage of the size of the deposit.

Why some brokers have no bonuses

Some regulators stop forex brokers from offering incentive bonuses to new clients. On june 1st, 2018, ESMA chair steven maijoor announced:

The measures ESMA has taken today are a significant step towards greater investor protection in the EU.В the new measures on cfds will, for the first time, ensure that investors cannot lose more money than they put in, restrict the use of leverage and incentives, and provide understandable risk warnings for investors.

This meant that for the first time, european-regulated brokers were not allowed to offer incentives to traders as a part of a marketing strategy.

ESMA, in a question and answers (pdf вђ“ page 59) paper published on 31 march 2017, went further to say that they believe brokers offering incentives are doing so in a way that is not in the best interest of their clients.В they say

Especially in light of the above poor practices observed in this sector of the market, ESMA is of the opinion that it is unlikely that a firm offering bonuses that are designed to incentivise retail clients to trade in complex speculative products such as cfds, binary options and rolling spot forex could demonstrate to its NCA that it is acting honestly, fairly and professionally and in the best interests of its retail clients, taking into account that the nature of the products means that they are not appropriate for a majority of retail clients. Ncas should therefore monitor that the practice of offering such bonuses is avoided in relation to these products.

This restriction is still in place and applies to all brokerage companies that are regulated by EU entities. These companies will not be allowed to offer bonuses to clients, even if the client maintains residency outside of the EU.В this restriction does not apply however to daughter companies which are not regulated within the EU.

Bonus conditions

Bonuses are marketing tools used widely outside of the european union in order to attract new clients. There is always a catch connected to these bonuses, and clients will need to read the terms and conditions to be sure of the requirements needed in order to be awarded the full bonus amount.

These conditions often require that a client be an active trader for an extended period before becoming eligible to withdraw the bonus, or that the trader engages in a set number of trades before the bonus is released into the trading account.

While these conditions will vary from broker to broker, do not expect to be able to use, trade or withdraw the bonus during your initial period with your new broker.

Deposit bonuses

If a brokerвђ™s bonus is offering you 200% of your initial deposit, that means your $250 outlay will enable you to trade with $500. You are safe to assume that this is a little bit of leverage being offered to you without you having to worry about the drastic consequences that arise after making a wrong investment decision.

You have to carefully monitor exactly what the brokers are doing because some of them may decide to take back the money and any of the profits that are being generated through the deposit bonus without notifying you. This is very rare, but just an example that highlights that you should have read all the rules.

Think past the bonus

By providing you with some money to lose with a clear conscience, brokers are effectively enticing you into opening an online trading account. There are certain broker safeguards put in place so that you do not withdraw the deposit before trading a set amount, but other than that I would only encourage a trader to read the rules of when the deposit can be made, and make sure that the no deposit bonus is not the only reason you are signing up with that specific broker.

Forex risk disclaimer

Trading forex and cfds is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products.В

Forex and CFD transactions involve high risk due to the following factors: over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.

Traders should not deposit any money that is not disposable. Regardless of how much research you have done, or how confident you are in your trade, there is always a substantial risk of loss. (learn more from theв FCAВ or fromв ASIC)

Our methodology

Ourв state of the market reportв andв broker directory are the result of extensive research on over 100 forex brokers. The explicit goal of these resources is to help traders find the best malaysian forex brokers вђ“ and steer them away from the worst ones вђ“ with the benefit of accurate and up-to-date information.

With over 150 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal.В

In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from a malaysian perspective.

All research has been conducted by our in-house team of researchers and writers, gathering information from various company representatives, websites and by sifting through the fine print. Learn more aboutв how we rank brokers.В

No deposit bonus forex 2021 malaysia

Entering the world of forex trading can be a little disconcerting for the newcomers of the market. So, what better way than using a вђњno deposit bonus forexвђќ for the malaysian traders to get over the uneasiness?

New traders are afraid of risking their money which is not an issue with a free bonus such as no deposit bonus. The traders are just required to register with the broker for an account and become a member. Forex brokers often provide such bonuses in order to get the clients familiarized with their services and also add to their potential clients.

As the name suggests, forex no deposit bonus requires no pre-funding on your part; you just receive the bonus and start trading. Plus, any profits you manage to earn will be yours fully, provided that you fulfill the terms and conditions of the bonus. All in all, itвђ™s a win-win, there is no version of this in which you can lose your money; additionally, youвђ™ll get more proficient in your trading while earning some extra bucks. So, think of it as a practice in the real market using real money!

Below you can find the list of forex brokers that offer вђњforex no deposit bonusвђќ to their malaysian clients.

The malaysian clients should bear in mind that there are quite a few forex no deposit bonuses out there, but not all of them are a good choice for trading and must be approached carefully. Therefore, the clients should develop a keen eye for spotting the ones that could be beneficial.

The no deposit bonus that you choose ought to be considered from different perspectives such as:

The legitimacy of the broker - in terms of their background, reputation, and whether or not theyвђ™re well-regulated by prominent regulatory authorities.

The pre-requisites and conditions of the promotions - you should know what you agree to by clicking that вђњacceptвђќ button. For example, how many lots youвђ™re required to trade, how much time you have, and how limited your options are. So read the terms it in depth until you understand them fully.

The bonus amount should give you enough room to trade - at least an amount above $20, so you can maneuver in your trades.

And lastly a leverage amount (usually 1:100 - 1:500 depending on the broker) that can help you make bigger trades and gain more profits while engaging in fewer trades.

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Delving into the world of trading can be nerve-wracking and confusing for newcomers. Luckily, many forex brokers offer new members an initial bonus without a deposit, which can be used to start trading right away. You may have some questions, such as: how can I get a no deposit bonus to start trading? Which brokers can I trust with my money? And how can I be sure it’s not a scam?

We’re here to quash your fears and give you confidence in your upcoming trades. Continue reading to learn more about our research on certain forex brokers with a no deposit bonus for malaysian traders in 2020.

Let’s start with the most important question: which forex brokers have a no deposit bonus for malaysian traders?

* kindly note that this information is accurate but these characteristics might change in the future. For details, please refer to the latest update on their official websites. *wikifx is a global forex broker regulatory inquiry app.

1. Mitrade

Mitrade’s main office is located in australia and holds a number of awards for innovation and mobile accessibility. They provide a unique trading platform, easily accessible on the web or mobile devices. If you’re new to the world of trading forex in malaysia, they offer a demo account that’s valid for 90 days.

The minimum deposit at mitrade is $50 and they offer negative balance protection, ensuring your account won’t go below 0. At mitrade there is a very low threshold amount, the minimum size per trade is as low as 0.01 lots for many markets.

The leverage amount is up to 1:200 and they offer clients competitive spreads, zero commissions, as well as articles to help first-time traders understand the scope of forex in malaysia.

Regulated by

Australian securities and investment commission (ASIC)

Forex no deposit bonus 2020

Sign up easily on the website for a live account. Within 48 hours of your account being activated, you’ll be transferred the no deposit bonus ( trial bonus for new clients). The bonus is limited to 300 eligible customers each day.

This no deposit bonus has an expiry, which is 48 hours from activation of the bonus. If you want to withdraw your earnings up to a $50 profit, do so within this timeframe. After the 48 hour event, you can submit regular withdrawal/deposit requests for your account.

Open live account, and apply this trial bonus!

XM group (XM) is said to be a suitable forex broker choice for beginners as well as vets in the trading industry. At XM you have the choice of 2 trading platforms: metatrader 4, an award-winning platform that is mostly used for forex trading, and metatrader 5, a multi-asset platform for traders.

Regulated by

Cyprus securities and exchange commission (cysec)

International financial services commission (IFSC)

Financial conduct authority (FCA)

Australian securities and investment commission (ASIC)

Forex no deposit bonus 2020

For details, please refer to the latest update on their official website.

3. Tickmill

Tickmill is based in london but operates in many countries across the world. Their MT4 platform is easily navigable and provides 50+ indicators, charting tools, and EA trading, among other features. Forex traders can benefit from 60+ currency pairs, and open a demo account to test their platform before committing. The downside is they do not have MT5 integration.

Regulated by

Seychelles financial services authority (FSA)

Financial conduct authority (FCA)

Cyprus securities and exchange commission (cysec)

Forex no deposit bonus 2020

For details, please refer to the latest update on their official website.

Fxopen operates on MT4 and MT5 trading platforms, with a web-based option available, and a range of CFD instruments. The broker allows trade of over 50 currency pairs. Spreads vary depending on the pairs.

Regulated by

Financial conduct authority (FCA)

Australian securities and investment commission (ASIC)

Forex no deposit bonus 2020

For details, please refer to the latest update on their official website.

5. Just2trade

Just2trade offers traders a multitude of accounts to choose from before advancing with their trades, depending on each person’s needs. They connect their clients via the whotrades social network app.

Spreads and commissions are low at just2trade, and depending on the plan chosen, there may or may not be monthly fees for your account.

Regulated by

Cyprus securities and exchange commission (cysec)

Forex no deposit bonus 2020

For details, please refer to the latest update on their official website.

FBS broker services are based in belize, and have been on market for 2-5 years. They’re licensed for MT4 and MT5 trading platforms. FBS offers negative balance protection, giving you some security.

Regulated by

Cyprus securities and exchange commission (cysec)

International financial services commission (IFSC)

Forex no deposit bonus 2020

For details, please refer to the latest update on their official website.

Forex bonus scams are not a new problem. In review news sites you can get hundreds of forex bonus schemes, some of which even record up to thousands of dollars in bonuses with no conditions attached.

In asia there are a number of brokers operating under ponzi schemes (unsustainable multi-level operations), attracting traders through huge bonus programs. These exchanges launch huge bonuses but then the trader has no way to withdraw money, or encounters a banking system error. So, as a forex trader, how do you know which no deposit bonus is a scam?

How can you be sure a forex broker with no deposit bonus isn’t a scam?

The rule of thumb here is common sense. If a no deposit bonus looks too good to be true, it probably is. As you can see from our list, a typical amount is around $30 to $50 for a no deposit bonus. I’ve seen offers for 250$ or even 1,000$, which is way more than the usual amount.

The simplest, most reliable way is to choose forex no deposit bonus programs from certified brokers serving malaysia that have been on the market for at least 3-5 years. With reputable forex brokers, the bonus will be appropriate and support many future benefits.

A couple of tips to keep your money safe:

Watch out for unlicensed brokers. If a broker is legitimate, they won’t hesitate to tell the world about how safe your money will be in their hands, with proof.

Also keep an eye out for false advertising. This means that the no deposit bonus they’re advertising should align with the terms and conditions on their page. If there’s a discrepancy, be wary of the opportunity.

Lastly, take a look at the terms and conditions to see if they are published with transparency. Transparency equals honesty: brokers offering scams have something to hide and do so with strangely-worded terms and loopholes.

Is the no deposit bonus a scam?

No. As we’ve outlined above, scams do exist, but if you pay attention to the details you will be able to spot a scam from a mile away.

Can I withdraw a no deposit bonus?

This depends on the broker. Certain terms and conditions state you can’t directly withdraw it, but you can withdraw earnings made from the forex bonus. Oftentimes you’ll have to profit a certain amount, or turnover x number of lots, before being qualified to withdraw. Check the broker’s terms to find out.

Why do forex brokers provide no deposit bonuses?

Forex no deposit bonus is a way for brokers to get your business, and for you to start trading without requiring your own start-up capital. The bonus is enticing for people who are just starting out, or who want to try out a service without investing immediately in the malaysian market.

If you find a quality broker with a forex no deposit bonus in 2020, it’s a win-win, as the broker wants you to make money through their business and you don’t have to risk your own equity!

The content presented above, whether from a third party or not, is considered as general advice only. This article does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Mitrade does not represent that the information provided here is accurate, current or complete. Mitrade is not a financial advisor and all services are provided on an execution only basis. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks. *CFD trading carries a high level of risk and is not suitable for all investors. Please read the PDS before choosing to start trading.

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may not be suitable for everyone. Please consider our PDS, FSG, risk disclosure statement and client agreement before using our services and ensure that you understand the risks involved. You do not own or have any interest in the underlying assets.

Mitrade does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of our products.

All of our products are over-the-counter derivatives over global underlying assets. Mitrade provides execution only service, acting as principle at all times.

Mitrade does not issue, buy or sell any cryptocurrencies nor is it a cryptocurrency exchange.

This website is owned and operated by mitrade global pty ltd ABN 90 149 011 361, AFSL 398528. This AFSL authorises us to carry on a financial services business in australia. Contact mitrade at cs@mitrade.Com.

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Malaysia forex brokers

Have you ever thought of exploring other forex brokers besides the leading financial trading countries in the world? Well, malaysia is not far behind in the competition.

Malaysia is known for its rich natural resources, and the country was able to utilize that to reform its business and entrepreneurial environment. It is now considered to be the third largest economy in southeast asia, mainly because it lives up to its reputation as one of the biggest oil manufacturers in the continent. Its forex services are part and parcel of its overall growth as an economy.

Things to know about malaysian forex trading

Forex trading in malaysia didn’t have a glorious start. In fact, forex trading in malaysia was quite synonymous to gambling. Around 5 years ago, a lot of its citizens were sentenced to jail, not because of dishonesty in financial management, but simply because trading was illegal in the country.

Back then, there weren’t a lot of licensed and authorized dealers, primarily because the majority of the population are muslims. According to the islamic law, trading in such markets would go against their principles. And although they don’t have the right to manipulate the government’s rulings, they have expressed their strong disapproval on the matter.

Due to the influence of globalization, malaysia has become more lenient towards forex trading, and now, they’re a few steps closer to becoming a tiger economy.

Malaysian forex world overview

Malaysia follows the approaches and methods of the foreign exchange administration (FEA). The measures and strategies conducted by the FEA were responsible for propelling the malaysian economy to a more globally competitive forex market. All financial brokers in malaysia are part of the FEA. Here are some of the top forex brokers for malaysian:

info	bonus	open account
regulation: leverage: 1:400 demo account: yes min deposit: $100	up to $10,00 bonus	visit broker read review
regulation: leverage: 1:3000 demo account: yes min deposit: $1	$123 bonus +100% on every deposit!	Visit broker read review
regulation: leverage: 1:1000 demo account: yes min deposit: $100	101% on each deposit	visit broker read review
regulation: ASIC leverage: 1:500 demo account: yes min deposit: $100	$10 no deposit bonus	visit broker read review
regulation: FFMS leverage: 1:1000 demo account: yes min deposit: $1	maximum 250%	visit broker read review
regulation: leverage: 1:2000 demo account: yes min deposit: $100	100% deposit bonus!	Visit broker read review
regulation: cysec leverage: 1:888 demo account: yes min deposit: $5	deposit bonus up to $5,000	visit broker read review

These brokers have been licensed by bank negara.

The role of bank negara in the malaysian forex sphere

Bank negara is another name for the malaysian national bank. Its primary purpose is to catapult malaysia into the hall of recognized developed countries by 2020. But in order to achieve that, it must first provide a transparent working policy for forex brokers around the world and supervise traders in the country. Here is an overview of their roles and objectives in enhancing the growth of the malaysian economy.

Authorizes and provides official license to brokers

Ensures the safety of personal information and money of malaysian traders and investors

Handles over 50 registered brokers in the country

Deals with complaints from brokers or any other financial services that are involved in the forex market

Is it illegal to trade forex in malaysia after all?

Since the law has finally allowed malaysians to conduct trading and financial services, it is no longer illegal to trade in malaysia. Considering the fact that malaysia is still a developing country, a lot of its citizens, however, aren’t familiar and rich enough to spend money on forex trades. But malaysia now allows its people to open joint accounts in which they can trade their money together. It can yield more profit compared to individual accounts because it can provide a bigger capital for investing in the long run.

If you plan to sign up with one of the malaysia forex brokers, you would also be able to help their economy grow and catch up to the leading forex trading countries.

XM malaysia $30 free bonus

Regulated by cysec, ASIC, FCA, IFSC

Regulated by cysec, FCA, IFSC

Regulated by FSA, cysec and FCA

Regulated by cysec, IFSC

The clients from malaysia need to verify their mobile number to get the free bonus. The bonus amount can be received in dollars or other available account currencies as specified. You can trade with the granted funds freely, but you cannot withdraw or transfer it. In order to withdraw the earned profits in full amount, you need to trade at least 0.1 standard lot or 10 micro lots in 5 round turn trades.

Bear in mind that profit withdrawal is subject to proportionate deduction of the granted amount. For example, you manage to make $180 profits using the welcome bonus and decide to withdraw $72 of your profits (40%), this will result in a %40 deduction of the bonus amount: 40% X $30 = $12.

The process of receiving the XM $30 welcome bonus:

Open a real trading account with the XM forex broker and verify your mobile number to have the $30 free bonus transferred to your account within 24 hours. Put your trading skills to good use and learn as much as you can earn and ultimately withdraw the profits!

XM $30 bonus terms and conditions:

Clients can use the bonus offer only once.
No deposit is required for this promotion.
Withdraw the profits with no restrictions.
Internal transfer of the funds is prohibited.

No deposit bonus forex 2021 malaysia

Below you can find the list of forex brokers that offer вђњforex no deposit bonusвђќ to their malaysian clients.

The no deposit bonus that you choose ought to be considered from different perspectives such as:

The legitimacy of the broker - in terms of their background, reputation, and whether or not theyвђ™re well-regulated by prominent regulatory authorities.

The bonus amount should give you enough room to trade - at least an amount above $20, so you can maneuver in your trades.

And lastly a leverage amount (usually 1:100 - 1:500 depending on the broker) that can help you make bigger trades and gain more profits while engaging in fewer trades.

Expose what is the meaning of forex no deposit bonus. You gain a real forex trading account with original money on it no deposit required from your side

Youвђ™re probably interested in forex live trading. It is a good way to increase your wealth if you have the right skills and knowledge about the industry as a whole. However, itвђ™s worth to mention that there are a lot of pitfalls in forex trading. If you fail to become an expert in trading before investing large sums of money in it, you may be leading yourself towards financial ruin.

Now, sure, you have read dozens of articles on forex and how to make a profit on it. You have seen dozens of people talk about their immense fortunes earned by trading. What you havenвђ™t seen is thousands of people who only suffered losses when they started trading. Donвђ™t become one of them, trade with skill.

You canвђ™t get experience unless you fail. But how do you get trading skills if you donвђ™t want to lose your own money to learn? The answer is to get a no deposit forex bonus on a forex trading platform.

It is a free bonus (no deposit required) with no deposit required and no strings attached. You just have to register to get anywhere from $30 to $500 for free to get you started in trading. Make sure you don't waste the money and work hard to learn the basics.

Is bonus with no deposit on forex a scam?

While the industry has seen some fraudulent projects, most places that offer trading bonuses with no deposit are trustworthy. The thing is there are so many trading platforms that they have to compete against each other to win new paying customers. Giving away some free money for you to learn how to trade is only beneficial for them.
Profit from their offers. Browse the list of trading platforms that offer no deposit bonuses and chose the most beneficial option fo you.

Forex no deposit bonus is risk free and deposit free bonus. You don’t need any deposit, the broker will give you bonus after opening a new account. Just you need to register with a forex broker and verify your account. Then you can start your live trading.

This how forex broker makes their potential client. Forex broker utilizes no deposit bonuses to pull in new customers, particularly in the event that they are new brokers, to expand their demographic as quickly as conceivable which is the reason they offer such free rewards.

Presently, forex trading becoming more popular, so there are too many traders and they want to start deposit free welcome mean no deposit bonus. Luckily, there is various forex broker offering no deposit bonus for beginners. They offer amazing bonuses, often $5 USD to 100 USD.

How free bonus is important?

Most of the brokers offering bonus. In any case, the greater part of them is unregulated. They are doing it is a great way to find new clients and they can’t find another good way. But regulated forex broker is good they offer some good bonuses for a newbie to familiar with live trading and their trading platform. We reviewed unregulated forex broker offer a free bonus with too many conditions and trading period is very short like 15 days, 20 days maximum 30 days, also you can’t withdraw the bonus, you have to trade required standard lot volume within a short time. Also, you fell trouble with leverage, the maximum amount of withdrawing and withdrawal method and other things. Then?

However, forex free reward is significant for currency traders. A regulated broker always offers a good bonus with some easy conditions to familiar with them. I think finding a trustable broker is important, so a beginner can join with a regulated broker bonus and they have to check some important factors like leverage, speared, fees and commissions and other things. One other thing is a security issue and trading platform.

So you already got it free bonus is important and joining with a regulated broker is better.

In this case, if you are a newbie in this forex trading market, obviously you can start with a free no deposit bonus. Forex is an extremely entangled and professional market, you need some experience to success on trade. In this case, if you are new in the FX market, utilizing a free reward can enable you to make some profit and increase some knowledge on how the market actually work you can make money more.

When you get familiar with your way (strategy, techniques), you don’t need the free reward again. You'd have the option to trade and make plenty of benefits by live trading. Moreover, experience traders, sometime takes a free bonus to multiply their profit and test a new strategy.

Terms and conditions for free forex bonuses

The different broker set different terms and conditions. There are a lot of terms and conditions in a free bonus, some terms and conditions are really hard. Like you have to trade a certain number of standard lot volume to withdraw profit. But there have also some good trader they regularly making money with this free bonuses. They use tricky techniques, they always hunt bonus presenting a website to choose an amazing bonus. The choose bonus then joins, start trading make some money, and build up their special strategy.

On the other hand, some other brokers will give you one time to withdraw conditions. Some will ask to deposit for withdrawing and some will say to start live trading and internal transfer your amount.

Discover more about the free bonuses

You have learned a lot already from here, but sometimes beginner asks some question us this like:

Is forex free bonus is a welcome bonus?

Actually, most of the time broker gives the bonus after joining with them so you can say it is forex welcome bonus.

Also, some reputed broker gives a bonus to their old clients and new clients, its deposit bonus like a 20% deposit bonus. Example: a trader after deposit $100 the broker will give $20 and the trader will able to trade with $100.

Does forex broker give no deposit bonus without verification?

Yes! Usually, a broker doesn’t provide the free bonus without verification. First things you need to fill-up at least your name and email, you have to confirm your email id for the complete creation of account.

Usually, the broker wants some individual data like ID card, passport or utility document after opening or before withdrawing profit.

But sometimes it happens that forex broker offers no deposit bonus without any verification.

Can I make money with a free bonus?

Why not? The broker gives the bonus to trade on the real market. It totally depends on you, if you can make some profit it’s obviously yours. But we suggest free bonus for newbie and learn something and for familiar with real market trading and for preparing themselves for the future.

So you can make with free bonus and withdraw it after meeting the terms and conditions.

What is the best thing in a free bonus?

The best thing is if you have a no fund you can start live trading, you can learn new thing and if you can make some profit further you can trade it with a forex deposit bonus that will boost your trading capital.

So you have to start with a free bonus wisely.

Conclusion

Forex no deposit or deposit free trading bonus is a kind of blessing for a newbie, they can start live trading with it easily. Here is some good opportunity will help you to take a decision to choose a free bonus.

You can start live trading without any deposit

You can change your broker platform of a broker

You can earn some money and grow your confidence

You can change your trading instruments (currency pair, stocks, indices, share, commodities, and crypto currency)

You can start trade without pressure and risk free

You can develop your trading plan, strategy, and pattern

So you may say the free bonus is a really good opportunity to learn real forex trading, familiar with live trading environment and prepare yourself to take the challenge (forex trading contest)

Bonus name	NO DEPOSIT BONUS
maximum leverage	1:500
bonus type	monthly bonus
minimum funding	no funding is allowed
top up	not allowed
country restriction	malaysia and indonesia only
eligibility	new client ONLY
bonus start date/time	4 th of january 2021 00:00:00 GMT +8
bonus end date/time	29 th january 2021 11:59:59 GMT +8
withdrawable profit	minimum withdrawal USD30 maximum withdrawal USD100 *based on the T&C below
withdrawal profit period	until 29th january 2021 23:59:59 GMT +8 or until all the amount USD100,000 has been fully withdrawn by our clients.

Bonus terms & conditions:

This NO DEPOSIT BONUS (hereinafter the “bonus account”) is open for new clients ONLY will be able to claim USD 30 as a “credit” into their live trading account with profitto.

NO DEPOSIT BONUS is subject to the terms and conditions contained in the present document and subject to all existing profitto terms and conditions. The date and time which stated below are according to GMT +8.

General

The bonus period starts from 4th of january 2021 00:00:00 until 29th of january 2021 11:59:59 GMT + 8 (ending time subject to change).

By registering, opening a NO DEPOSIT BONUS account, and or accepting the terms and conditions within the applicable landing pages and/or client member’s area, the trader is acknowledging that they have read, understood and agree to be bound by the terms and conditions of this bonus.

This bonus is eligible for new clients ONLY and they will be able to redeem USD30 as a “credit” into their “NO DEPOSIT BONUS” trading account, and who traded with any currencies pair, precious metals and exotic pairs ONLY.

This is a NO DEPOSIT BONUS.

No employees of the company should participate in this bonus.

The maximum leverage with this bonus is 1:500.

Maximum bonus account that can be created for each client is up to 1 NO DEPOSIT BONUS trading account for each client’s profile.

Please be informed that we will close PROFITTO MALAYSIA DAY account on 30th january 2021 00:00:00.

Minimum profit can be withdrawn is USD30 and maximum profit will be USD100 with minimum lot size traded is 2 standard lots and transactions amount to 10 trades or above (closed trades). Once withdrawal has been requested and approved, the credit bonus will be taken out.

There is no IB commission will be paid for all trading coming from NO DEPOSIT BONUS account.

Please be informed that once you have withdrawn your profit, the credit bonus will be taken out.

Please be informed that the last date to withdraw your profit is until 29th of january 2021 23:59:59 GMT +8.

Please be informed that maximum withdrawable profit is up to USD100,000. We will announce once all the amount have been fully claimed by our clients.

Procedure of participation

Register an account with us start from 25th of december 2020 will be eligible for NO DEPOSIT BONUS. Credit bonus will be given start from 4th of january 2021 00:00:00 until 29th of january 2021 23:59:59 GMT + 8.

In the cabinet area, click on open live account and select “NO DEPOSIT BONUS” trading account.

Claim your NO DEPOSIT BONUS by sending us an email or open helpdesk ticket from your cabinet.

Trade on ANY CURRENCIES PAIRS, METALS and EXOTIC PAIRS ONLY.

Welcome bonus forex malaysia

Deposit bonus – A bonus on funding a live account. The bonus credited on percentage of the deposit amount.

No deposit bonus – free bonus on account registration for the new clients to trade live without any risk.

Tradable bonus: A deposit bonus that can be lost and traded as the part of your trading equity.

Volume bonus – most common type of deposit bonus, it allows you to increase your trading volume. Often the bonus can be cashed on trading lot requirement.

Forex gift – A gift for the clients for completing certain requirements, everything from bonus to latest gadget

Freebies – free stuff by forex brokers like ebook, courses, trading materials etc.

Rebate – cash-back withdrawable bonus on each lot traded.

Demo contest – contests held on demo account, win cash/tradable money with no-risk involve!

Live contest – contest held on live account, deposit requires. Win bigger cash/prizes.

Refer – a-friend– refer your friend to your broker, when your friend deposit you will get a special bonus

Free signals – get free trading signals from the broker.

Free VPS – get access to an optimized forex virtual private server for free on maintaining a certain amount of trading balance.

Binary options – binary bets trading on forex instruments

Forum posting: get a small trading bonus for each of your post in forms.

3 affiliate IB: receive a commission from your fellow traders, specially design for the marketers.

Draw bonus: the winners chosen by a draw

Seminars webinars: find the schedule to participate in the online/offline events.

Expos events: inviting to attend the forex events & expos globally.

XM malaysia $30 free bonus

Regulated by cysec, ASIC, FCA, IFSC

Regulated by cysec, FCA, IFSC

Regulated by FSA, cysec and FCA

Regulated by cysec, IFSC

The process of receiving the XM $30 welcome bonus:

XM $30 bonus terms and conditions:

Clients can use the bonus offer only once.
No deposit is required for this promotion.
Withdraw the profits with no restrictions.
Internal transfer of the funds is prohibited.

So, let's see, what we have: compare the best forex bonuses for 2021 from regulated brokers. Learn what sets them apart and find the best one for you. At welcome bonus forex malaysia