Best forex broker bonus

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.

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.

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?

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.

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.

Bonuses and incentives

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

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

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

In this article, you will learn:

Top rated forex sites

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

Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

The types of forex bonus

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

Deposit bonus

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 The deposit bonus has to be traded several times before it can be withdrawn.

No deposit bonus

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

Volume bonus

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

Reward bonus

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

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What is the ideal bonus

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

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

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

How a bonus can help

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

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

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

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

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

How we find the best deals

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

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

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

Forex 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.

Hotforex is continuously establishing its position as a market leader and offers great trading conditions and competitive advantages to its clients which include, but are not limited to: tight spreads from as low as 0.1, flexible leverage options, top fund security measures, multiple account types, free educational resources, access to daily market analysis and many more!

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.

Best forex broker 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.

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)

Top 5 best forex brokers with a
no deposit bonus

Maximize
the stock
markets

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

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

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

XM group

Trading bonus amount: $30

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

No deposit required

Automatically credited to your account

All profits earned can be withdrawn

Available to new clients

Non-withdrawable bonus

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

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

Pricing at XM group varies by account type.

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

Offering of investments

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

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

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

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

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

XM group’s research offering consists of:

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

Daily market recaps and

Technical and fundamental analysis articles and videos.

An economic calendar powered by investing.Com

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

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

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

Average connection time:

Forex brokers offering bonus 2021

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.

Now, when you open a moneta markets live account, you'll get an extra 50% trading bonus whenâ you deposit $500 or more! Take advantage of 300+ tradable instruments and start trading with moneta markets.

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.

Top 10 forex platforms 2021

Using the best forex bonus for boosting your account equity

Forex trading is an attractive money making opportunity that has taken the financial markets by storm. Unlike traditional forms of investing, FX trading does not require you to have massive amounts of capital to invest in the forex markets. Nevertheless, the forex retail trading offers numerous offers and attractive promotions to entice new traders into sampling the forex market without risking their own money. Promotions are offered in different forms, which are offered either as forex bonuses or as prize rewards. Some of the best forex bonus offerings in the market can match up to 200-300% of the initial deposit made by a trader, while other promotions include cash rebates, no deposit bonuses, seasonal gifts, free electronic gadgets, and more.
Reviewers do not generally endorse forex bonuses due to the various conditions associated with these promotions. Brokers are often stringent in their guidelines that limit the freedom for traders while handling their money. In fact, some brokers are known to actively block their clients’ trading capital until the traders meet the required bonus terms. We have witnessed a significant number of financial scams and several instances of consumer abuse that can be directly attributed to the bonus terms and conditions, which have led to a massive amount of negative reputation for the forex market as a whole.
Bonuses are not all that unattractive, as some of the top forex brokers offer great forex bonuses that are devoid of any challenging or uncompromising guidelines. These bonuses can help you to increase your trading capital without assuming any unwanted risks. A trader-friendly forex bonus package provides you with an incredible amount of leverage and the freedom to open trades with a higher trading capital. Professional traders consistently take advantage of the leading bonus offerings in the industry to increase their market exposure and enjoy more profits from their increased capital inflow. Forex offers can act as a great asset in FX trading, especially if you are aware of your rights as an investor and are proactive in exercising due diligence while making your initial deposit.

Recommended forex brokers

Why do brokers provide A forex bonus & how much?

Forex brokers generally provide bonuses as an incentive for signing up, which enables traders to test the company’ various FX products and services. Forex bonuses are not to be confused with a novelty feature, as these promotions are similar to the conventional rewards and gift programs that are commonplace in the retail consumer market. In forex trading, the gifts are replaced by tradable funds in the form of trading credits, which offer monetary compensation for making a deposit or for transacting the required number of lots in the market. The primary goal for any rewards-based program is to attract new customers, regardless of their geographical location or professional trading history.
Forex brokers offer bonuses that start at 5% of the initial deposit made to a trading account, which can go all the way up to 500% depending on the broker. Regulated brokers mostly stay away from any bonus programs due to the conflict of interest with their clients, but there are a few regulated FX companies that provide a bonus ranging from 10% to 50% of the deposit amount. Brokers may also offer bonuses and rewards for traders that are willing to switch their accounts to a new broker. However, it is highly interesting to note that bonuses are primarily reserved for new traders and customer acquisitions, with only a handful of companies opting to provide continued promotions for their existing clients and their additional deposits. The choice of your broker will ultimately decide the amount of bonus that qualifies for your deposit amount and the conditions associated with receiving such a bonus.

What are the different types of forex bonuses?

There are different categories of forex rewards and promotions that are designed to target a broad range of traders from various parts of the forex market. Here are some of the best forex bonuses that are popular among both brokers and retail forex traders:

Deposit bonus

The deposit bonus is a conventional forex bonus that is directly proportional to the trading capital deposited into a brokerage account. Brokers are very clear about the exact size of bonus that is available for a particular amount of deposit, which is usually measured in percentage terms. Some brokers might offer a fixed deposit bonus system according to their products portfolio, but for simplicity purposes, deposit bonuses are usually offered as a percentage of the initial deposit. Most regulated brokers offer a bonus in the range of 5-50%, while forex bonuses as high as 200-300% are not uncommon.

No deposit bonus

No deposit bonus is a bonus program that is offered to traders without stipulating any minimum deposit requirements. No deposit bonuses are small account boosters that are worth anywhere from $1 to $500, which in turn allow clients to test the platforms under real trading conditions without making a deposit. Regardless, most no deposit bonuses have very severe trading conditions when it comes to withdrawing profits. Almost all brokers usually don’t permit their clients to withdraw the bonus money, but there are a few companies that might allow partial or full withdrawal once the trader completes the required number of lots. Be careful about using these no-deposit bonuses if you are looking to make a deposit in the future, as there might be hidden conditions that might prevent you from withdrawing your own money without satisfying the broker-induced conditions.

Account transfer bonus

Account transfer bonus is an incentive program designed to help traders switch their brokerage accounts by transferring their funds from one broker to another. Several large and professional traders often make use of this type of bonus to increase their trading capital without actually investing in the markets. Some brokers offer as much as 25% bonus for transferring all of the funds from another broker to their own account, while traders can increase this bonus further by negotiating tactfully with the company representatives. Of course, this kind of bonus cannot be withdrawn directly, unless the trader transacts the minimum amount of volume in the markets to offset the broker’s bonus costs.

Loyalty program

Loyalty programs are designed to increase customer morale, especially for existing clients who have faced heavy losses in the market. Brokers understand the need for enticing traders with promotions and forex offers that will keep customers trading on the same platform, instead of moving on to greener pastures. Loyalty programs are often provided by high-quality FX brokers that are incredibly committed to the best in customer satisfaction. Mainstream forex brokers have different loyalty programs that are specifically tailored to individual client preferences.

Seasonal promotions

Seasonal promotions are a huge part of forex bonuses, especially during holidays and events that are accompanied by immense market volatility. Brokers try to cater to traders from different geographic locations by releasing seasonal bonus programs that are only available for a limited period. Seasonal FX bonuses are not as reliable as the traditional bonus programs, especially since most seasonal promotions might have expired by the time a trader comes to learn about it.

Cash back and rebates

Forex trading is an expensive financial product that has many associated fees of trading such as spreads, commissions, and swaps. During the course of a trading career, a trader will transact multiple times the amount of his or her trading capital, especially since most traders enter multiple positions and exit them at nominal profits or losses. The minimum margin requirements and higher leverage also give traders an opportunity to control large positions, which ultimately result in increased cost of trading. Brokers earn quite a significant chunk of these expenses, especially market maker brokers, who are known to profit from their clients’ losses.
Traders are provided an opportunity to sign up for cashbacks or rebates as part of their trading account, so as to create a sense of personalization and devotion among clients. These cashback features are often linked to loyalty programs, which increases according to the duration of trading and the magnitude of the trading account. Therefore, older clients that transact substantial volumes in the market will receive more money as cash backs, spread rebates, or outright cash rewards than newer clients. Such a move will ensure that existing customers will take advantage of these programs to earn more money in the long run.

Affiliate bonuses

Affiliate marketing is a large part of FX trading, especially in countries where forex brokers have a negligible presence. Affiliates and introducing brokers act as a company representative in lesser-known geographic locations, and are free to interact with the clients in accordance with the rules set forward by the broker. Therefore, affiliates and ibs sometimes enjoy a certain amount of freedom to stipulate bonuses, rewards, and other gifts to tempt traders into opening an account with the company. Affiliate bonuses can change from time to time and are not considered to be as reliable as a regular bonus.

VIP bonus

Institutional traders and professional investors receive custom-tailored VIP bonuses for making a large investment into a brokerage account. Unlike retail traders that deposit a few hundred or even thousands of dollars into a trading account, professional traders are known to trade with millions of dollars as trading capital. Brokers might attract these traders by offering a fixed return on these large trading funds, a hefty bonus, and even other types of rewards that will help larger traders to make the investment decision based on the benefits. However, professional traders are highly concerned about the security of their funds, and will not deposit money into a broker unless they are satisfied with the overall regulatory compliance and reliability of the company.

Electronic gadgets & gifts with redeemable points system

Another new concept in forex trading bonuses is a reward-based points system that qualifies traders to buy free electronic gadgets and other accessories by redeeming the points accumulated through trading and other financial transactions. Although this type of reward system is not as popular as the conventional FX bonus, a few brokers have experimented with this concept successfully. Electronic gadgets under these kinds of promotions can range from small media devices such as ipods to smartphones, tvs, laptops, tablets, and home theater systems.

Staying on top of seasonal forex offers

It is naturally very easy to find the best forex bonuses from brokers if they are offered to all clients regardless of any timeframe. However, brokers are known to introduce amazing new bonus programs and forex offers that are simply too good to be missed. These bonus packages are usually made available for limited period of time, which makes it important for traders to stay on top of these seasonal reward programs by signing up for relevant newsletters from brokers or affiliate partners. At bestfxbrokers.Com, we keep track of all the best FX bonuses provided by top forex brokers to offer you the best environment to grow your trading capital.

Top reasons to decline A forex bonus

Forex bonuses are common among FX brokers, but it does not mean that you have to accept them all the time. Forex bonuses have some limitations and drawbacks, which may hinder a good trading experience. Here are a few reasons why you should decline a FX bonus, immaterial of how attractive it may be:

If your broker imposes severe restrictions on your trading capital.

If the broker is not clear and transparent about its bonus terms and conditions.

If the broker offers you free money at the pretext of making a deposit that cannot be withdrawn for some reason.

If the broker lures you into FX trading by offering false or improbable promises.

If accepting a bonus forces you into over-trading or deviating from your trading strategy.

If you are dealing with a non-regulated forex broker.

Paying more attention towards the quality of A broker, rather than their forex bonus

While bonuses may seem like a smart choice for traders during the initial phase of their trading career, you should always pay close attention towards choosing a high-quality broker that is regulated by a reputed regulatory organization. You should realize the fact that the safety of your funds is more important than getting a bonus, regardless of how striking the bonus might seem to be. A regulated and reliable broker will always offer you a better trading environment, ensure better security for your funds, and an excellent return on your investment over the long haul than any other dubious broker that may promise insane bonuses at the time of opening an account.
Most reliable brokers that have many years of experience in the industry do not offer a bonus due to the very fact that a bonus can create rifts between the broker and the trader. For the same reason, regulatory organizations also keep a close watch on their member brokers to ensure that there are no financial disputes between the company and its clients due to external reasons such as bonuses and promotions. Yet, it does not spell disaster for traders that thrive on bonus, as you can find brokers that offer the best of both worlds without making any compromises on their customer-oriented approach.

Best no deposit bonus forex brokers 2020

We've listed the top no deposit bonus forex brokers that offer bonuses ranging from $10 to $100.

In forex trading, an initial capital is required to open a live account. This capital is used to place orders in the market.

No deposit bonus by a forex broker is a service extended in form of free capital that the trader gets in his/her real trading account while starting to trade with the broker. This free capital is the bonus given by the forex broker, so you can start trading without risk of investing your money.

These “no deposit bonus” programs are mostly offered by brokers to attract new customers. But, as these “no deposit bonuses” are provided free of charge, there are certain guidelines, withdrawal restrictions etc. That depend from broker to broker.

Although there are quite many bonus programs out there, but we have only listed the no deposit bonus by forex brokers that are popular & well regulated globally.

Best no deposit bonus forex brokers in south africa for 2020

XM – $30 no deposit forex bonus

Fxopen – $10 forex bonus

FBS – $100 no deposit bonus

Tickmill – $30 no deposit bonus

Hotforex – 100% first deposit bonus (on $250+ deposit)

Best no deposit bonus forex brokers compared

We have compared the bonus conditions & terms for all the forex brokers that offer no deposit bonus to south african traders.

1. XM no deposit bonus – $30

Overall rating 9.0/10

Benchmark EUR/USD spread: on average 1.5 pips.

Welcome bonus: $30 (profits can be withdrawn)

Regulation: ASIC

Ranked #1 no deposit bonus forex broker

XM broker gives a $30 “no deposit bonus” to new traders only if you sign up for it via their special page. XM is a reputed broker so they are considered safe.

Getting XM broker’s $30 no deposit bonus is a straightforward process and the amount is credited to the trading account after registration and account verification. This bonus can be used straightaway to start trading with access to the MT4 and MT5 platforms. This account would also provide access to MT4 live trading without making any further deposits.

Note: it should be kept in mind that this bonus cannot be withdrawn, only the profits made can be withdrawn provided certain volume conditions & terms are met.

2. Tickmill no deposit bonus – $30 (not available currently in SA)

Overall rating 8.0/10

Benchmark EUR/USD spread: on average 1.6 pips.

Welcome bonus: $30 (profits can be withdrawn)

Regulation: FSCA, FCA

Ranked #2 no deposit bonus forex broker

Tickmill is a FSCA regulated forex broker, and also regulated by multiple top tier regulators including FCA. So they are considered safe.

Tickmill was founded in 2014 and offers attractive trading conditions. They provide various trading instruments like forex, stock indices & oil, precious metals and bonds. They provide MT4 and webtrader platforms. They are regulated with top tier bodies like FSA SC, FSA UK, and cysec.

Update: tickmill’s ‘no deposit bonus’ is not available for traders in south africa currently. New traders can signup for a live account with $30 as a bonus into the trading account. This trading account has trading conditions similar to the pro account, benefits of which include low spreads and commission, multiple asset classes, etc. A point worth noting here is the use of expert advisors (eas) is not allowed on welcome accounts.

Tips for wisely using the no deposit forex bonus

It is very easy to see the no deposit bonus as free cash, but it is not. In most cases (with reputed brokers) there will be many terms levied by the broker before you can withdraw any profits made with the bonus.

Traders should treat this bonus as a trading investment to learn and apply their trading strategies in real market conditions.

Following are some tips on how to best use the no deposit bonus:
1) all forex brokers that offer no deposit bonus will have the terms and conditions about it – including conditions for withdrawing profits made with the bonus. So carefully read all the terms & fine prints, understand all those conditions before signing up.

If there is any ambiguity in the terms and conditions, make sure to clarify the doubts with the broker before opting for the broker.

2) some broker may offer bonus that would seem to be really attractive. However, the broker’s reputation & regulations should be considered before choosing any such broker, even in case if it is a free bonus. An exciting bonus should not be the only point to start trading with the broker.

3) always keep in mind that the no deposit bonus is an initial capital for trading and not free cash which can be used otherwise.

The real intention here is to trade properly and earn profits. One should be clear about their trading goals. Hence, we should keep our trading strategies and requirements in mind in order to put the bonus to its intended use.

No deposit bonus is a win-win situation for both the broker and the customer. While the broker will increase its customer base, the customer can train oneself and gain useful insights from trading by using the free bonus.

However, you should be mindful of not falling into false traps and see it as investment capital. You should instead wisely use the bonus to learn trading with a reputed broker & test your strategy in real market conditions.

Frequently asked questions: no deposit bonus forex brokers

Which forex brokers offer no deposit bonus in south africa?

Many forex brokers offer no deposit bonus & most of them accept SA based traders. But we have only reviewed & tested the welcome no deposit bonus by 3 popular brokers:

XM – $30 bonus: ASIC regulated broker.

Fxopen – $10 bonus: FCA regulated broker.

FBS – $100 no deposit bonus FCA regulated broker

Can I withdraw the no deposit forex bonus?

This depends on the broker, but generally the profits made with trading bonus are withdraw-able provided some conditions are met. Almost all brokers that offer no deposit welcome bonus impose strict terms & trading volume requirements before you can withdraw any profits.

It is best to read the terms of the bonus before signing up, so that you don’t get surprises later.

Are no deposit bonus brokers safe?

Unfortunately not all brokers are safe. Most brokers that offer no deposit bonuses are not trusted. That is why it is really important to only choose a broker that is reputed & well regulated. If a regulated & popular broker is offering no deposit bonus then there are lesser risks.

As per our check XM broker, fxopen are brokers that are regulated with at-least 1 top tier regulator & offer no deposit bonus. But you should still carefully read terms of these brokers before signing up for any of their bonus.

No deposit bonus brokers comparison summary

Here are our 3 recommended best no deposit bonus forex brokers for 2020.

Trading cfds is risky. Your capital is at risk.
Disclosure: we earn a commission if you sign up with a broker through referral links in this review. This helps us cover the expenses for running the website.

XM $30 welcome no deposit bonus

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Risk disclaimer

Risk warning: trading leveraged instruments such as forex & cfds are risky and can result in lose of your capital. Read full risk disclaimer..

So, let's see, what we have: looking for the best forex brokers with bonus and promotions? Discover this, and everything you must know, on bonuses and promotions! At best forex broker bonus