Best forex broker with bonus

With that in mind, let’s take a closer look at the best brokers we have found that can offer bonus and promotions to you as a trader.

Please note that these bonuses may not be available with every XM entity

Top 10 best forex brokers with bonus and promotions for 2021

Top rated:

Are you on the lookout for the best forex brokers with bonus and promotions to offer?

They can be tricky to find, but if the answer is yes, then you are certainly in the correct place. Here we will give you all of the information you need, not only on the top recommended brokers if you are looking for a bonus, but also what these promotions mean, and how they can best work to your benefit as a trader.

With that in mind, let’s take a closer look at the best brokers we have found that can offer bonus and promotions to you as a trader.

Are these bonuses really free money?

Although it may be hard to believe at first, it is true. The bonuses really are free money that is sent to your account by the broker. Now what is often asked is, can I withdraw these bonus funds?

Generally, the answer is yes with most top brokers. Their policy will vary though and in many cases, there are certain trading criteria that you must meet in order to withdraw the bonus funds from your account.

What should I check when choosing a bonus?

There are a couple of very important steps that you must run through when checking the bonus that you should choose, and the broker who is providing that bonus.

First off, it is vital that you read the terms and conditions carefully, so you know exactly what is on offer. Added to that, it is important to consider the whole offering of a broker. This means not only the bonus amounts, but what else they have to offer such as spreads, minimum deposits, and more.

Please note that the following bonuses may not be available in every country, and that brokers are not allowed to offer these to customers based in the EU or UK due to local regulatory restrictions. Read T&C before applying to a bonus.

Top 9 forex brokers with bonus and promotions

Here are the top 9 forex broker bonus and promotion offers we have found available:

1. FBS

FBS is the first broker to make our listing for having some of the top promotions and bonus offers in the industry. They are well-known as being a very respected broker around the world, and they have a huge amount of bonuses on offer.

At FBS you can win a wide range of prizes from holidays to new cars, and you can also double your deposit with the great FBS 100% deposit bonus they have in place. An FBS no deposit bonus is also available at no-risk at all to your funds as well as a cashback bonus if certain conditions are met. The FBS bonus offering continues to grow and expand with many contests and challenges also available where you can win cash, trips, and VIP event invites. They also run contests directly on social media like facebook where all you need to do is share posts with your friends. These are just some of the reasons why FBS is a top bonus broker for all traders.

XM is another top international broker, and one of the most easily recognizable in the industry. They too offer a strong range of bonuses and promotions. These start with an excellent $30 no deposit bonus which you can use for completely risk-free, real money trading.

Beyond this you will also find a deposit bonus of up to $4500 which means your deposit will be matched by the broker with free money up to this high value. Aside from those regular types of bonus offerings, XM also runs a lucky draw which has a huge total value of $1,000,000. As a regular trader with the broker you can also join their loyalty program which is points based. You can redeem these points through your trading actions to obtain a wide range of great benefits with the broker.

Please note that these bonuses may not be available with every XM entity

3. Instaforex

Instaforex is the next broker to make the top list of brokers providing bonuses and promotions. They too are very well-trusted by a broad range of traders across the industry. They start their bonus offering with one of the very best no deposit bonus offers in the sector. This is the instaforex $1,000 no deposit bonus.

Further to this monster bonus offer, the broker also provides a deposit bonus of 30% so you can always receive an additional 30% on top of your initial deposit as risk-free bonus funds to trade with the broker. Added to this, instaforex makes a huge range of contests and challenges available where you only need to have a demo account to participate and win. Here you can win a great range of physical prizes including cars, money, and much more.

4. Fxopen

The next broker on the list offering top promotions and bonuses is fxopen. They kick their bonus offering off with a $10 no deposit bonus. This is great if you are new to trading and looking to try out the broker with no risk at all to your own money.

Another great offer for beginners is the $1 welcome bonus on micro accounts. This makes sure you are covered to trade with free money, even at lower risk levels. Like many of the other brokers they also provide access to a large number of trading contests with a unique prize attached. This prize is that if you reach a certain benchmark of profit in the contest with virtual funds, they will then turn 10% of these funds into real money for you to trade with. A very attractive bonus proposition indeed from this popular broker.

5. Roboforex

Roboforex are in on the act too as another respected top broker offering bonuses and promotions to their traders. The excellent bonus infrastructure here starts with a deposit bonus that can be either 10%, 60%, or a huge 120% depending on how much you are depositing.

The offers do not stop there with roboforex either. Just for joining the broker, you will be entitled to a $30 welcome bonus. This can be used for completely risk-free trading on the markets of your choice. You will also be entered into weekly and monthly contests which are free to enter but where you can win real prizes on both demo, and live accounts. Regular traders are not forgotten either with cash rebates stretching up to 15% based on how much you trade.

6. Hotforex

Hotforex are one of the cornerstones of the industry and regularly feature as a top broker in many listings. They too have a very strong bonus infrastructure though it may not be available in every country the same. This is particularly true in europe.

Outside of that though, their offer is strong. They provide a number of unique bonuses the first of which is a 100% credit bonus. This acts to double your deposit with completely free bonus funds. They also offer a very unique 30% rescue bonus. This bonus protects your funds from drawdowns up to $7,000. The 100% supercharged bonus is one of their most popular though. This provides for a huge amount in cash rebates that can reach up to $8,000, on top of a 100% deposit bonus. All of these great offerings maintain hotforex as a very popular bonus broker of choice.

Please note that these bonuses may not be available with every XM entity

7. Octafx

Octafx is another popular, and rapidly growing name in the sector. They are not stepping back when it comes to offering a bonus either. If you are trading with this broker, the first thing you may want to try out are some of the demo account contests.

These great contests come with prizes of up to $500 real cash if you are trading through metatrader, and $150 if you are using ctrader. If these pique your interest, then you can decide to deposit for real, and benefit more from a 50% deposit bonus which is on offer. On top of this, there are many other prizes including merchandise to be won from a broker who is strong, trusted, and growing all the time.

8. FXTM

FXTM is one of the biggest names in the industry. They have also not forgotten a strong bonus infrastructure, and for this reason, they too feature on our list of the best brokers for bonus offers and promotions.

At the core of the FXTM bonus offering is their excellent loyalty program. Here, the more you trade, the more you can get paid. At the maximum level you have the ability to earn as much as $10,000 from the program. Also offered by the broker are a great range of both demo and live trading contests where you can compete against your fellow traders to win top prizes.

9. Vantage FX

Vantagefx is next in our selection of the best forex brokers who offer a good range of bonus systems. Here you will be able to take advantage of a 50% deposit bonus that will allow you to trade risk-free with bonus cash from the broker based on how much you deposit.

Vantagefx also offers a great and very rewarding loyalty program where you can avail of 10% rebates on your trades up to $2 per lot traded when you deposit at least $1,000. With the broker and this program, there is no limit on the trade size at all. The higher the lot size you trade, the higher your bonus will be.

Different type of bonuses

When choosing your forex broker bonus, it is also important to keep in mind that there are many different bonus types available. Here is a more detailed look at exactly the kind of bonuses that are offered by brokers:

Forex deposit bonus: the forex deposit bonus is a certain amount of money offered as a bonus based on the amount which you deposit. In the case of many brokers, this can mean matching your deposit amount with an equal bonus amount.

Forex no deposit bonus: A forex no deposit bonus, as you might gather from the name, is a bonus which is offered to you with no deposit required. In most cases, you simply have to complete the registration process. This money is free and can be used in real trading at no risk to your own money.

Welcome forex bonus: the welcome bonus can be similar to a no deposit bonus. You will get a bonus money amount for completing registration, and in some cases based on the amount of your first deposit.

Loyalty program: A forex broker loyalty program, just like any other, is usually based on how much you use the service. In this case, the more you trade, the more you will be rewarded by such programs. These rewards could come in the form of lower trading costs, additional premium trade tools, physical prizes, access to live events and meetings, and much more.

Points system: the forex broker point systems can also be based on loyalty programs. With these systems, the more you trade, the more points you will earn. These points can then be used to access monetary prizes, cars, vacations, and more.

Cash back and rebates: cash back and rebate programs are also a very common form of bonus. Just as the name suggests, with this form of bonus, you can earn money back for each lot you trade.

Money protection bonus: this is not a very common form of forex broker bonus, though it exists, nonetheless. This kind of bonus from your broker actually protects your funds from reaching a certain negative level, and in some cases, anything beyond this negative point can be refunded.

Forex contest prize: there are a wide range of brokers who organize contests which you can participate in with virtual funds against other traders. If you win some of these contests through making the most profit from virtual funds, then you can win all kinds of great prizes including cash, cars, and more.

Why do brokers offer forex no-deposit bonuses and other bonuses?

There are several reasons why your broker may offer a no deposit, or other type of bonus. One of the primary reasons for this is to create value for you as a trader, and to attract new traders to the industry and that broker.

This method is accepted in many parts of the world, though not in europe. Within the EU, the offering of the majority of these kinds of bonuses is not allowed by the regulator. ESMA does this in a large part to protect beginners from getting involved in trading without the proper knowledge and ultimately losing their money.

Tips on how to choose a bonus and a broker

If you are thinking about choosing a forex broker, the bonus is just one element of this choice, and it should not be a large factor in your decision-making process. First and foremost, you have to choose a broker who is trustworthy, and well-regulated. Luckily all of the brokers on our listing are both of these things.

Once you have done this, then you can think about the bonus they are offering, but do not make your choice based on the broker bonus alone. You have to consider all of your trading needs. In this case, you may want to try out a broker first. This would be a great time to select a no deposit bonus broker so you can try out their real trading at no risk to you.

Best no deposit bonus forex brokers 2021

The brokers below represent the best no deposit bonus forex brokers.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Cysec, FCA, FSA(SC), FSCA, labuan-fsa

Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.

Your capital is at risk

Ctrader, MT4, MT5, proprietary

Dealing desk, ECN, market maker, no dealing desk, STP

Your capital is at risk

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.

Your capital is at risk

ECN, no dealing desk, STP

Your capital is at risk

Note: not all forex brokers accept US clients. For your convenience we specified those that accept US forex traders as clients.

Tickmill

Regulated by: cysec, FCA, FSA(SC), FSCA, labuan-fsa

Headquarters : 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ.

Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).

The broker provides more than 80+ CFD instruments to trade on covering forex, indices, commodities and bonds through three core trading accounts called the pro account, classic account and VIP account. They also offer a demo trading account and islamic swap-free account.

GO markets

Regulated by: ASIC, cysec

Headquarters : level 22, 600 bourke street, melbourne, VIC 3000, australia

Australian brokers are definitely making a name for themselves in the trading arena as some of the most reliable, intuitive and forward thinking firms around. This broker is no different with a wide variety of tools, assets and reasonable trading conditions.

GO markets pty ltd an ASIC regulated broker has been in operation since 2006. The head office is located in melbourne, australia. With over a decade of experience, GO markets has grown to become a leading broker with a huge client base from over 150 countries. GO markets offers forex, share cfds, indices, metals and commodities for trading on the MT4 and MT5 trading platforms.

Roboforex

Headquarters : 2118 guava street, belama phase 1, belize city, belize

Your capital is at risk

The roboforex brand is operated by the roboforex group, and is located in belize. Roboforex began operations in 2009 and has grown in size and capacity. The brand offers over multiple trading instruments which include forex, stocks, indices, etfs, commodities, energies, metals and cryptocurrencies.

They also offer cutting edge platforms. Roboforex boasts of over 800,000 clients from 169 countries. They are both a dealing desk and non dealing desk broker offering ECN and STP trading accounts through their platforms. This means a different payment model to you the trader eg. Lower spreads for ECN accounts with some commissions to pay.

*leverage depends on the financial instrument traded and on the client’s country of residence.

Axiory

Headquarters : no.1 corner of hutson street and marine parade belize city, belize

Axiory was founded in 2012 and is a trading name of axiory global ltd which is authorised and regulated by the international financial services commission (IFSC) of belize. The broker segregates client funds from their own and offers negative balance protection. The company is also audited by pricewaterhousecoopers and is a member of the financial commission.

Users can choose from three types of trading accounts called nano, standard and max to trade on 80 different markets covering forex and cfds on indices, energies, stocks and metals. Axiory offers maximum leverage of up to 1:500 and also provides access to islamic swap-free accounts and a demo trading account. Users can also access data regarding execution times and slippage distribution for even more transparency.

Justforex

Regulated by: not a regulated broker

Headquarters : suite 305, griffith corporate centre, P.O. Box 1510, beachmont, kingstown, st. Vincent and the grenadines

Your capital is at risk

Justforex was founded in 2012 and is a brand name of JF global limited which is a registered company in st. Vincent and the grenadines. The broker offers 7 different types of trading accounts ranging from commission-free to commission-based accounts, islamic swap-free accounts and even ECN trading accounts.

While the broker offers more than 150+ asset classes to trade on, covering forex ECN, stocks, indices, commodities and bonds, access to certain markets depends on the account type opened. Justforex provides users with the globally-recognised metatrader 4 and metatrader 5 trading platform for PC, as well as the metatrader mobile trading app for android and ios users.

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 brokers offering bonus 2021

As the global forex market is ever-growing, it is also growing the amount of forex bonuses offered to the traders. Therefore, it becomes continuously more and more difficult to make the right choice of the broker to trade with. As a matter of fact, forex bonuses are indispensable in the trading platform of any forex broker, and very often exactly the offered deposit and no deposit bonuses are the critical factor taken into consideration when registering with a new forex broker. The subject of forex bonuses is not simple and easy, and it requires some in-depth knowledge to realize how bonuses are received and effectuated, and whether in this or that case it makes sense to apply for a forex bonus at all. Generally, forex traders consider bonuses as a means to potentially increase the account balance. At the same time, it is essential to understand that trading on forex bonuses is related not only to some advantages, but also to the risky aspects of the currency trading environment. Forex-ratings.Com is pleased to feature the list of brokers recognized for offering the most attractive bonuses in the industry. With us you don’t have to make enormous and low-efficiency search of the really interesting and worthy bonuses. The best market offers have already been selected and summarized, so with the job that we have already done selecting the best bonus offers you only have to make the next step selecting your preferred broker among these chosen few.

Important: trading on forex bonuses, both deposit and no deposit ones, may be risky. The information provided by forex-ratings.Com is provided for educational and reference purposes only.

Read our extended forex guide to find out how to choose the best forex broker 2021.

Start forex trading now! Open forex account with the best forex brokers 2021.

Convert popular currencies

Forex forecasts

Cryptocurrencies trading forecasts

The price of ether (ETH), the native cryptocurrency of the ethereum blockchain network, has been soaring since the beginning.

Bitcoin's price seems to have settled down somewhat following its major rally, and subsequent fall and correction. This has seen the coin now sitting.

Over the past two months the open interest on bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion.

Who said you can't have trading platforms, and trading analysis tools too? In fact, at excentral, we believe you can't really have one without the other, which is why all your fundamental and technical analysis tools are available for free (even with no registration needed). So get your trading started the right way, by checking all the upcoming economic events and releases, double-checking your calculations and seeing what charts, indicators and analysts are anticipating. Did we mention it's free?

Bitcoin's success story continues. After a brief pullback toward the $30K low, the benchmark cryptocurrency is once again aiming for $40K. Over the past 24 hours.

Bitcoin is making gains, though much of the day saw the cryptocurrency in a holding pattern. Meanwhile, a quarter of ether options are expiring in march.

Since the end of december, and even a little prior to that, bitcoin has been on a tear away as its price ticked off major milestones along the way. Crossing the $20,000.

A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. What should be this vital decision based on? To begin with, it is necessary to highlight the main criteria that high-quality software must meet for making money on financial markets.

Top 10 forex platforms 2021

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the top 10 forex advisors including equilibrium, excalibur, night owl.

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)

Best forex broker with bonus

100% no deposit bonus forex brokers

If you are looking for the forex brokers with the best 100% deposit bonus, you ‘ll probably want to double your account because either you think your money isn’t enough to trade or you may think that if I can take advantage of some free money, why not!

For whatever reason you want to double your account with a deposit bonus, you should know that there are some differences between the 100% deposit bonuses of different forex brokers.

For example, some of them are withdrawable but others are just to support your margin and enable you to trade larger lot sizes.

Some others only have the name of 100% deposit bonus and are basically for advertising purposes.

For finding the best 100% deposit bonus, I searched a lot of forex brokers and went through the terms and conditions of their deposit bonuses to see how realistic they are.

Some of them were totally useless, so I eliminated them.

I’ve found some that have better conditions than others, either they are withdrawable or not.

Let’s find out about them.

Forex brokers with the best 100% deposit bonus

Here’s a list of the forex brokers with the best 100% deposit bonus along with a concise version of their terms and conditions:

1- hotforex

Hotforex offers two types of 100% bonus on new deposits, 100 credit bonus and 100 supper charged. One of them is withdrawable and the other can’t be withdrawn and it’s more like a rebate or cashback system.

Hotforex doesn’t accept clients from the US, and canada. The UK and EU clients of hot forex can’t request for its bonuses

Let’s take a look at the terms and conditions of hotforex 100% credit bonus:

100% credit bonus

To be eligible for this bonus, you need to deposit at least $100

The bonus is available for these types of accounts of hotforex: micro, premium, and islamic

For releasing the bonus, you need to trade a specific number of lots which is calculated as follow:

For example, if you deposit $100 and receive a $100 deposit bonus, you need to trade 50 lots (100/2) in order to be able to withdraw the $100 bonus.

There’s no time limit for completing required lots

So in the example above, you may trade 50 lots in one month, six months, 12 months, and etc.

The positions with the profit of 3 pips or less aren’t taken into account when calculating the required lot size

So, besides not being able to choose the ECN account, your 3 pip positions aren’t been considered for 100% deposit bonus which makes the bonus not favorable for scalpers especially for the ones hunting 2 or 3 pips.

The maximum 100% bonus you can get is $30000 for each account and $150000 in total

So if you want to deposit more than 30K and request for the bonus, you should open two, three. Or 5 accounts.

If your equity goes below the amount of your deposit, the bonus will be canceled

For example, if you deposit $100 and receive a $100 deposit bonus, then trade and lose $100 (your deposit), the $100 bonus will be removed automatically.

You can find a full version of the conditions here.

The bonus is withdrawable

There’s no time limit for lots completion

You can’t choose ECN account

100 supper charged bonus

As mentioned before, this bonus is more like a cashback system than a deposit bonus which means you receive a portion of every lot you trade.

Let’s see what the terms and conditions of the hotforex 100% supper charged bonus are.

The minimum deposit for being qualified for this bonus is $250

Only premium and islamic accounts are available for this bonus

So just like the previous bonus, this bonus is not a good option for scalping.

Unlike the 100 credit bonus, this one is just given to one account which means you can’t open several accounts and request for it

The maximum bonus you can receive is $50000

The bonus is not withdrawable but profits and rebates are

For every standard lot that you trade you receive 0.2 lots

For example, you trade 1 lot EURUSD which is worth $10, so you receive $2 as a rebate.

The maximum rebate you can get is $8000

Trading forex pairs and gold are taken into consideration when calculating rebates

So for example, if you trade cryptos or indices, you don’t receive rebates.

If your equity gets under your deposited money, just like the previous bonus, your bonus will be removed

Find out more about super charged bonus here

Just available for premium and islamic accounts

2- FBS

FBS has a 100% deposit bonus offered for every deposit you make.

FBS doesn’t accept clients from the US, belize, russia, and cyprus

Ok, let’s see what we can find out about FBS 100% deposit bonus

There’s no minimum deposit for receiving the bonus and you can request that with any amount of deposit

The deposit bonus is available for all types of FBS accounts except for ECN

The bonus is withdrawable but before withdrawal, you need to trade a specific number of lots

There’s no time limit for completing required lots

The required lots are calculated as follow:

For example, you deposit $120 and receive $120 as deposit bonus. You need to trade 40 lots before withdrawing the $120 bonus.

If you lose 70% of your initial deposit, the bonus will be canceled

The maximum bonus that you can ask for is $10000.

You can find more information about FBS deposit bonus after registration here and in your cabinet.

The bonus is withdrawable

There’s no time limit for completing required lots

Fewer required lots compared to other brokers

No ECN account available

3- roboforex

Roboforex has another forex broker that has up to 120% deposit bonus which is called classic bonus.

Roboforex doesn’t accept clients from the US, canada

The minimum deposit is $10

You can pick from one of theses percentages as deposit bonus: 25%, 50%, 100%, and 120%.

For instance, if you deposit $1000 and request for 50% bonus, you’ll receive $500 and your account becomes $1500.

You can withdraw the bonus after trading a specific number of lots as follow:

For example, you deposit $400 and receive $400, now you have to trade 200 standard lots before withdrawing your bonus.

No time limit for lots completion

The maximum bonus you can ask for is $50000

The bonus will be canceled if you lose your deposited money

There’s no time limit for lot completion

No ECN account available

4- instaforex

Instaforex has several bonuses including 100% deposit bonus which is available for your first deposit in every account you open.

Instaforex don’t accept US residents

There’s no minimum deposit for using this bonus

The bonus is not withdrawable and you can only withdraw your profits

The maximum 100% bonus you can receive is $2000, however, if you deposit between $2000 and $5000, you’ll be offered 50% bonus for the $3000 reaming deposit. For any amount above $5000, you’ll receive 30% as the bonus

For example, you deposit $7000. In this case you can get 100% for $2000 which is $2000, 50% for $3000 which is $1500 and 30% for $2000 which is around $666. Therefore, for your $7000 deposit, you can receive around $41666.

Only the standard and cent accounts of instaforex are available for this bonus

You can just trade forex pairs and other trading instruments such as cryptos, indices, and etc aren’t available

If your equity goes below the 120% of the bonus, it’ll be canceled

For example, you deposit $100 and receive $100 as the bonus, now you have $200. Then you trade and lose $120. In this level, your bonus will be canceled and your account will be $0.

If you don’t trade for one month, the bonus will be canceled

More about terms and conditions here

Not much, because the bonus acts as margin supporter

5- justforex

Just forex has several one-time deposit bonuses including 50%, 100%, and 115%.

Justforex don’t accept US residents

The minimum deposit for 50% bonus is $100. Between $100 and $500 you can request for 100% bonus and above $500, you can receive 110% deposit bonus.

The bonus is withdrawable after trading a number of lots

The number of lots you need to trade before the withdrawal is calculated as follow:

There’s a time limit of 30 days for completing the required lots

For example, if you deposit $300, you’ll receive $300 as the bonus. Now, you need to trade 100 lots in order to be eligible for withdrawal.

Pro, mini, and standard accounts are the available accounts for the deposit bonuses. Cent and ECN accounts of justforex are not included.

The maximum bonus that you can ask for is $40000

If your equity goes below your deposit, the bonus will be removed

For example, you deposit $200 and receive a $200 bonus. Now you have $400. Then you trade and lose $200. At this level, your bonus will be canceled and your balance becomes $0.

The trades with the targets of 3 pips and less are not considered when calculating required lots

So this bonus is not a suitable option for the scalpers who squeeze as low pips as 3 or less.

You can find a complete version of justforex terms and conditions here.

110% deposit bonus available

Time limit for completing required lots

ECN account is not available

6- superforex

Superforex has several deposit bonuses including a 120% one, which has been increased to 202% for the entire year of 2020

Superforex doesn’t accept US residents

The minimum money you need to deposit in order to ask for 202% bonus is $100 and there’s no minimum deposit for 120%

The bonus is not withdrawable and you can only withdraw the profits that you make

There’s no time limit for keeping the bonus amount in your account

If you lose your deposit, the bonus will be removed

If your margin level goes below 300%, the bonus will be canceled

So basically the bonus is worth nothing and is just for attracting clients

You can find more information after registration in your cabinet

7- trader’s way

Trader’s way is a forex broker that has deposit bonuses up to 100%.

Trader’s way accepts clients from all around the world including US residents.

There’s no minimum deposit for the 100% deposit bonus of trader’s way

The bonus is withdrawable and you can redeem it by trading a number of lots

For every dollar to be released, you need to trade 2 standard lots.

Let’s say you deposit $100 and receive $100 as the bonus. The $100 in your account is a 100 dollar credit and is not considered your money. As a result, if stop out takes place, it won’t help your margin.

Every 2 lots that you trade, $1 is deducted from the credit and considered as your money that you can either withdraw or keep it in your account for trading

The maximum deposit bonus that you can receive is $5000

This bonus is available for MT4.FIX, MT4.VAR, and MT4.ECN accounts of trader’s way. MT5.ECN and ctrader that are the other two types of this broker are excluded from this deposit bonus

There’s no time limit for releasing the bonus

News trading is prohibited when you are trading with an account attached to the bonus

More required lots compared to other 100% deposit bonuses

Common terms and conditions of 100% deposit bonus

Every forex broker that offers 100% deposit bonus has its own set of rules but many of these terms and conditions are common among them.

Let’s take a look at the ones that you probably see in the terms and conditions of the 100% deposit bonuses.

If a deposit bonus is withdrawable, you need to trade a specific number of lots before you can withdraw that.

Every forex brokers set out its own calculation for required lots. For instance, some tie every dollar to one lot and others release $3 for one traded lot.

For example, you receive $120 as deposit bonus. Brokers A allows you to withdraw that amount after trading 120 standard lots but broker B releases your bonus after trading 40 standard lots.

Another condition that you might come across is time limit.

Sometimes a forex broker sets a time limit for trading the mentioned specific lots. For example, you need to trade 30 lots in one month.

If the required lots you need to trade are in the common categories such as one lot for 1, 2, or 3 dollars; that time limit makes the bonus hard to release.

For example, you get $120 and for releasing that, you need to trade 40 lots in 30 days. As you can see, it’s very hard to pull off.

The next condition that you might see is setting a limitation on the maximum 100% deposit bonus you can request for.

For example, the max bonus you can receive is $50000 so if you deposit $60000, you only receive $50000 as bonus, not $60k.

The other important condition that you should be aware of is related to the number of withdrawal or the conditions that might happen if you withdraw your money before trading all the required lots.

In some cases, you can only withdraw once and after that, your bonus will be canceled.

For example, you’ve received $100 as deposit bonus. According to the conditions of the bonus you need to trade let’s say 50 lots. You trade 10 lots and release $20 of your bonus.

If you take that profit out of your trading account, the rest, or in some cases, a part of the bonus will be removed.

The bottom line

If you are looking for increasing your edge and profitability, looking for the forex brokers with 100% deposit bonus can be a wise idea because if there’s extra money to make, why shouldn’t.

However, you should completely be aware of the deal you get and make sure that none of the clauses of the bonus is against your style of trading and your trading, in general, doesn’t hurt in any way.

The only way that you can be confident about that is by reading the terms and conditions of the bonuses meticulously.

I tried to give you concise reviews of them and mention the important ones so you have a general idea of which one to pick but make sure to read them completely on the brokers’ websites. That’s why I provided a link to the terms and conditions pages after explaining every one of them, above.

FX brokers with deposit bonus

This is when a broker gives clients a bonus amount that is based on a percentage of your deposit. The bonus is typically issued as a credit and cannot be withdrawn; it will usually expire after a defined period of time.

FX brokers liquidity info

FX brokers by trading conditions
- Spread type offered
- Execution type offered
- Leverage offered
- Hedging allowed
- Eas trading allowed
- Scalping allowed
- Swap free trading allowed
- Minimum spread on EUR/USD
- News trading allowed
- VIP trading offered
- Mirror / social trading

FX brokers by products offered
- Gold and silver trading
- Spread betting
- Oil trading
- Bitcoin trading
- Cfds trading
- Binary options trading
- Managed accounts

FX brokers by platforms
- Metatrader4
- Metatrader5
- Acttrader
- Currenex
- Saxotrader
- Sirix trader
- Ctrader
- Protrader
- Proprietary trading platforms

FX brokers offer bonuses

FX brokers by deposit options
- Bank-wire transfer
- Bank card
- Bitcoin
- Broker to broker transfer
- Cashu
- China unionpay
- Fasapay
- Giropay
- Monetaru
- Neteller
- Paypal
- Paysafecard
- Przelewy24
- Qiwi
- Skrill (moneybookers)
- Sofort
- Ukash
- Webmoney

FX brokers by minimum deposits

FX brokers by business model
- Market maker brokers
- ECN/STP brokers
- DMA/STP brokers
- STP brokers

FX brokers by regulation
- ASIC - australia
- Bafin - germany
- Cysec - cyprus
- FCA - UK
- FINMA - switzerland
- FMA - new zealand
- FSA - japan
- FSB - south africa
- FSC - BVI
- FSC - mauritius
- IFSC - belize
- NFA - USA
- UAE - abu dabi central bank

FX brokers accept USA clients

FX brokers by awards won

FX brokers offer affiliate program

BO brokers by regulation
- ASIC - australia
- Bafin - germany
- CYSEC - cyprus
- FCA - UK
- BVI - FSC - virgin islands
- IFSC - belize
- NFA - USA
- Not regulated

BO brokers by platform
- Spotoption
- Tradologic
- Tradesmarter
- Techfinancials
- Actbinary
- Metatrader4
- Proprietary platform

BO brokers by account options
- Minimum trade size
- Maximum trade size
- Minimum deposits
- Return - payouts percentage
- Maximum forex leverage
- Deposit options

BO brokers offer bonuses
- Trading contests
- No deposit bonus
- Bonus for first deposit
- Other bonuses

BO brokers by asset types

BO brokers accept USA clients

BO brokers offer affiliate program

news - forecasts

forex traders news

brokers news

introducing brokers & affiliates news

forex blog - articles

see also.

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advertise with us (FX advertising)

Risk warning: trading forex, cfds and other leveraged derivatives is considered a high risk investment and may not be suitable for everyone. We do not provide investment advice and the bonuses or promotions offered by brokers are listed for comparative purposes only. Please read our terms and conditions and privacy policy for more information, and NFA's forex investor alert.

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To answer this question, you need to understand how the trading market works. Forex brokers (dealing centers or dcs) are such licensed companies that provide traders with professional services for access to trade in the international currency market. The success of work on forex depends on the right choice of a dealing center.

Therefore, you should give a preference to a reliable and experienced broker with a variety of trading instruments. The company should have a long history of completed foreign exchange transactions. But how to choose the best forex broker for withdrawal?

How to choose the best forex broker for withdrawal?

Choosing a broker for trading on exchanges should begin with collecting information about successful transactions and openness in working with clients. A reliable broker has its portfolio of deals, a large number of reviews from customers.

The simplest way is to check the published lists of traders, which are continually changing and updated. The trader with the most reviews will offer some of the safest working conditions. We also recommend paying attention to how the process of registering and depositing money with a particular broker is going.

Forex broker license

The presence of a broker license allows you to judge his conscientiousness and honesty in his approach to trading. A licensed broker is more likely to complete all transactions and also carries them with benefits not only for himself but also for the client.

But to obtain a license from well-known world communities or government agencies, a broker needs to try hard and earn a positive reputation. If you see that an unknown office located on a distant island issued the permit – you should avoid working with this broker.

Forex brokers rating

On the internet, you can find several independent from each other ratings of popular brokers. You can sort them by the number and quality of reviews, working hours, and other essential parameters. We recommend you to pay attention to the number of completed transactions, the regularity in payments to customers, and not to leverage or the promised interest.

Top 10 forex brokers

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK	visit broker
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
min deposit: $10 spread: leverage: regulation: cysec	-	visit broker
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec	visit broker

In general, do your first steps in trading with the help of brokers with caution, trading on small amounts. Hence the preference in favor of traders with work experience and safe conditions.

How do brokers earn?

Usually, brokerage support in the foreign exchange market is not free. And dealing companies, like traders, have some financial interests. How do they earn? Providing comprehensive support for trader transactions, such agents get income that makes up the difference between the purchase/sale prices of traded currency pairs (spreads).

Or they receive direct payment from the trader for each trade transaction conducted. Depending on the chosen scheme of work, a brokerage company can only get commissions or have additional sources of income.

Reliable forex brokers

How to find a dealing center to which you can safely entrust your trading operations? One of the surest ways is to choose a broker on the recommendation of traders already working with them. Numerous ratings will also help ease the choice.

They publish information on the most successful and reliable forex brokers regularly. Besides, remember about such vital points as the transparency of the information provided on the dealing company activities. Check the legal documents and the availability of client support, working 24/7.

Three categories of brokers

In the modern foreign exchange market, there are three leading categories of brokers.

Classical (most expensive) intermediaries work in the full-service format. They provide clients with a full range of services – from receiving orders to legal support of accounts.

Discount dealing centers (discount broker) put the orders to the forex market. As payment for their work, they receive a monetary reward in the form of a percentage commission.

Electronic or online brokers specialize in online transactions and have been extremely popular lately.

Withdrawal process in different brokers

How to withdraw money from your trading account? Every trader should ask himself this question when signing a service agreement. Let us talk about the withdrawal process on forex.

Why does a trader come to the forex currency market? Generally, not for fun, but profit. For this purpose, you study the basics of technical analysis, try various trading strategies, and read a lot of information. Finally, you achieved the result – profit. And the most critical question arises – how to get your hard-earned money?

How to withdraw money on forex?

The problem is that many traders choose brokers to trade without getting known how to get your earnings back. Many brokers have enormous commissions, and it may be that you did not even know about them. Let’s talk in more detail about how to withdraw money from a forex broker trading account.

What to do before opening a real account

Before you open a real deposit with a chosen forex broker, you should inquire about what conditions the broker withdraws the earned profit.

As a rule, money is available for withdrawal only after passing the verification procedure.

At the same time, verification can have several levels, on each of which you will need scans or photos of identity documents. Naturally, during registration, to avoid further problems, you should indicate your real last name and first name.

It is highly advisable to do the verification procedure before depositing funds. The requirements of a forex broker regarding the quality and quantity of necessary documents can seem needlessly strict to you. In this case, nothing stops you from changing your company before starting a financial relationship with it.

As a rule, there are no difficulties with verification. Most forex brokers request a standard set of documents: a passport scan and the confirmation of the address of your residence. After completing the verification, you only have to choose a suitable withdrawal method.

Most companies have a bonus program. Carefully read the terms of granting this bonus. Some bonuses limit the withdrawal of profits or even make it impossible without losing the reward.

Most popular ways of withdrawal

The methods for withdrawing profits, as well as the timing of this procedure, are different for each forex broker. For example, big companies withdraw money only to a bank account. Naturally, everything goes officially, including the income tax for individuals.

Dealing centers and brokers do not limit their services only in this way but offer many more ways to get your profits – from electronic payment systems to cryptocurrency. That is why you should choose a broker that uses the withdrawal method most convenient to you.

Electronic payment systems

Most companies allow you to withdraw profits on electronic wallets of the most common payment systems. The leaders are paypal, skrill, and neteller. When choosing a payment system, be sure to check how much money you will lose when withdrawing profits. For example, neteller has a commission of 1% (no more than 11.41 USD or 10 EUR) and a fee of 1.39% of the withdrawal amount.

At the same time, pay attention to the timing. The withdrawal may take from several business hours to several business days – this will be indicated on the broker’s website and in the contract.

Withdrawal to a bank account

This method is not so popular among ordinary traders. The commission charged in this case is slightly higher than when withdrawing funds to the same card using the chain trading account – electronic payment system – bank card. It is especially true if the country of residence of the trader and the broker’s country are different. In some cases, for citizens of other states, this method is generally not available.

The timing of the withdrawal of money also decreases the popularity of this method. Unlike electronic payment systems, it can take from 1 to 7 banking days. Nevertheless, many traders with a substantial profit (several thousand dollars) use this system. For such traders, it is not the waiting time that matters, but its maximum reliability.

Forex brokers cards

The trend of issuing payment cards by brokers gains popularity. Each company names them different, but they are the same – an international mastercard. This method has many advantages. Using a mastercard, you can withdraw cash at any ATM, pay in stores, make purchases on ebay or amazon.

However, the most significant benefit is different. Brokers open their cards in the offshore zone. And the law of their native state doesn’t regulate them.. Therefore, if your profit from forex trading has reached a grandiose size, this method will be most profitable.

But there are some drawbacks. The issuance of such a card is not free, and the broker also charges a card maintenance fee. Therefore, if your profit is not too big, there is no reason for using it.

Conclusion

As you see, choosing the best forex broker for withdrawal is a quite complicated task. First of all, you should determine your needs and the most convenient withdrawal method for you. And only then you can start looking for a broker.

You have come to the foreign exchange market with serious intentions to make money. So the question of money withdrawal should interest you first of all. After all, the goal of a trader is earning, and not to deposit money on a forex broker account.

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The metatrader 4 (MT4) is by far one of the most popular and used trading platforms in the industry. It is used to connect clients of different brokerage firms with top financial markets. It’s a product by metaquotes software corporation designed to allow traders to effectively trade in forex, cfds, and future markets. If you are a newbie trying to make head and tails of the industry, MT4 is definitely the platform to get with. But before you dive in head first, you need someone to hold your hand through the journey – an MT4 forex broker. And with the influx of brokers in the industry, choosing one can be tricky. Below are some tips that will help make the process easier:

Proper regulation

In an industry that requires a lot of trust, regulation is key. Proper regulation will ensure that the broker is capitalized in case of trading losses, keeps your money in safe, secure as well as segregated accounts and sticks to fair dealing practices to make sure your trades are always done at the current market prices. The MT4 forex broker you choose should have a strong regulatory record.

Most countries have taken the initiative of regulating forex trading. However, the fine print of the regulations may vary from country to country. Brokers who operate in different countries need to be registered and licensed. When making your choice, ask the broker which regulator has licensed them, and if possible, request to be provided with the registration number for verification.

Best metatrader 4 forex brokers fully regulated in 2021

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK	visit broker
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 500:1 regulation: FCA UK, ASIC australia, MAS singapore	visit broker
min deposit: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS	30% forex deposit bonus	visit broker

Data security

When you are opening an account with your broker, you’ll provide lots of personal and financial information. Usually, you’ll be requested to provide copies of your passport, bank account information, utility bills, and credit card number.

Having poor internet security protocols puts your data at risk of theft. It could also disrupt your trading activities and even lead to identity theft. Before committing to any forex broker, ensure they have great internet security. The internet security could include SSL, a 2-factor authentication and a privacy policy.

To ensure that you always get the best rates at the required times, you should choose a broker with exceptional trade execution methods/practices. Essentially, forex brokers can be classified into two: market makers (those dealing desks) and STP brokers (those that pass your directives to interbank markets).

With market makers, any loss you make registers as a loss on their end and vice versa. But this doesn’t mean that they are working against you. The idea is to spread the bid when clients enter as well as exit the trades. They offset the risk of the trade with other trades from their clients and with their current liquidity provider.

On the flip side, STP brokers route all your directives to financial institutions like hedge funds, mutual funds, and banks. They see a good quote in the interbank market and then add some fractional pips as compensation before they route the order to liquidity providers.

Product coverage

Today, you can trade several currencies with a broker. A good broker will grant you access to several capital market areas via one forex account. It’s therefore important to note that broad coverage doesn’t always mean deep coverage. If your goal is to trade a lot more than forex, then the number of products that your broker covers is imperative.

Now that you know how to pick an MT4 forex broker, let’s look at the benefits you stand to gain using the MT4 platform.

Exemplary user experience

The MT4 interface is user-friendly. This enables forex trading newbies to navigate the volatile and complex market with great comfort and ease. Moreover, MT4 has a mobile app which allows access to the platform anytime and anywhere.

MT4 supports lots of languages all over the world. This means that you can use the platform in your native language.

Charts
in addition to its user-friendliness, MT4 provides advanced chart features, which help traders to analyze the technical aspects of their market. Also, you can change the style and color of the charts and use different templates that you like.

Communication
the platform has advanced tools of communication which enable the brokers to communicate with traders in real time. This gets rid of long email threads which can be a pain to follow. It makes trading and collaboration easier and simpler.

As you prepare to venture into the forex trading, be patient and a good communicator. Hopefully, you don’t think it is a get rich quick scheme, but you will undoubtedly enjoy great returns if you do it right.

Best forex bonuses for traders

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

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

Collect up to $5 with every trade

FXTM loyalty program registration required

Trusted and well-regulated broker

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

Excellent educational division and in-depth market research

Competitive pricing environment

FXTM invest supports retail account management

Third-party add-ons for MT4/MT5

IFC markets

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

Trusted broker with over 14 years of operating experience

Innovative proprietary trading platform

Over 600 assets plus 30,000 synthetic ones

Competitive spreads and maximum leverage of 1:400

Autochartist and comprehensive in-house research

Excellent educational section

Moneta markets

$500 minimum deposit required

Member of trusted vantage international group

User-friendly proprietary trading platform

Excellent trading tools

Maximum leverage of 1:500

Web TV channel

Daily technical trading recommendations

Available only in certain countries. T&cs apply

Multi-regulated and trusted trading environment

Comprehensive asset selection

Competitive commission-free spreads

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

No requotes or dealing desk

Outstanding trading tools and add-ons for MT4/MT5

Fineco bank

Must be used in the first two months

Leading italian bank and online broker in europe

Excellent proprietary trading platform

Outstanding asset selection

Very competitive cost structure

Automatic ETF investments

In-depth educational offering

How do forex no deposit bonuses work?

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

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

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

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

Is A forex no deposit bonus A welcome bonus?

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

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

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

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

What can you do with A free no deposit bonus?

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

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

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

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

Which broker has a no deposit bonus?

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

What is a forex no deposit bonus?

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

How can I trade forex without a deposit?

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

Where can I find the best forex no deposit bonuses?

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

How do I claim a forex no deposit bonus?

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

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

No deposit bonus

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

Deposit bonus

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

Forex rebates

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

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Choose the right free forex bonus from the chart above and test it out – it may be just the incentive you’ll need to succeed in the forex market!

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