Forex trading bonus offers

When choosing your forex broker bonus, it is also important to keep in mind that there are many different bonus types available.

Top-3 forex bonuses

Top 10 Best Forex Brokers with Bonus and Promotions for 2021, forex trading bonus offers.

Here is a more detailed look at exactly the kind of bonuses that are offered by brokers: 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.

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.

Forex trading bonus offers

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

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

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

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

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

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

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

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

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

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

Free signals – get free trading signals from the broker.

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

Binary options – binary bets trading on forex instruments

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

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

Draw bonus: the winners chosen by a draw

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

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

Bonus

Day trading with bonus funds can give your account a boost. From no deposit bonus schemes to explaining why free bonuses are usually not free at all, we explore the bonus and promotion offers at a range of brokers. We detail the types of bonus available, why forex trading bonuses might differ and which strategy can maximise bonus returns. We also reveal why the key to bonuses is always to read the terms and conditions…

This page also lists all bonus offers and similar promotions available to traders 2021.

Bonus offers january 23 2021

What is a bonus?

A bonus provides you with free money for trading and is normally offered by a broker as an incentive to attract new clients who can then try trading with little or no risk.

There are different types of bonus offers and requirements for getting the bonus paid out to your account. We detail these below.

No deposit bonus

The “no deposit bonus” is the most lenient of bonuses, as it does not require you to deposit any funds at all before you get the bonus. Normally a broker wants you to at least deposit some funds with them before you can get your bonus, but with a “no deposit” bonus they allow anyone to get the bonus after creating a new account.

Note that there might still be requirements to fulfil before you can get your trading profits paid out, and those requirements might be stricter for this kind of bonus than for others. Normally you have to trade a certain total volume before you can withdraw the profits derived from the bonus money.

Considering how generous it is to hand out free money to new traders, that makes a lot of sense. Make sure you are ok with those requirements before you sign up.

Welcome bonus

A “welcome bonus” is a way to reward new traders who sign up for an account, to make them feel welcome and to make it easier for new clients to start trading right away. A welcome bonus might require you to make a deposit, so make sure you agree with the bonus requirements before you sign up.

Deposit match bonus

The “deposit match bonus” will match a percentage of your deposit, up to a certain maximum amount.

For example, if the bonus is a 30% match up to $5,000, and you deposit $1,000, you will get an additional $300 from the broker ($1,000 * 30%). With this example offer the most you can get is $5000, which you would get when depositing at least $16,667 ($16,667 * 30% = $5,000). Even if you deposit more than that, you will still only get the maximum $5,000.

Note – we have seen alternate definitions of the maximum amount, where 30% match up to $5,000 would rather mean that even if you deposit more that $5,000, you will only get the 30% paid out on $5,000. In other words, the maximum amount pertains to the maximum deposit on which you will get the 30% bonus, and NOT how much bonus you can maximally get.

OBS! For a serious trader the distinction between the two maximum amount definitions can make a big difference, so make sure you understand the requirements before signing up and depositing.

Considerations

Most bonus types have requirements regarding how much you have to trade before you can withdraw profits. For some traders this is ok, while to others it becomes a source of frustration.

Due to bonus abuse by many unscrupulous traders, the requirements have by necessity become so strict that you might be better off without one. However, it’s impossible to give individual advice, as it comes down to how much money you want to trade with and how long you can wait before you make a withdrawal.

In the long run a bonus will not make a huge difference to many traders, and might make things feel more complicated and thus spoil the joy of trading. Only use a bonus if you feel it makes sense to you personally.

Do I have to accept a broker's trading bonus?

Normally you don’t have to accept a bonus deal just because a broker is offering one. You might have to explicitly opt out of a bonus however, so make sure to check the terms and conditions when signing up.

Is a bonus basically free money?

While a bonus offer can sometimes sound like free cash with no requirements involved, there are always terms and conditions attached. If this wasn’t the case, what would stop dishonest traders from just withdrawing the funds without trading?

Bonus

This page also lists all bonus offers and similar promotions available to traders 2021.

Bonus offers january 23 2021

What is a bonus?

A bonus provides you with free money for trading and is normally offered by a broker as an incentive to attract new clients who can then try trading with little or no risk.

There are different types of bonus offers and requirements for getting the bonus paid out to your account. We detail these below.

No deposit bonus

Considering how generous it is to hand out free money to new traders, that makes a lot of sense. Make sure you are ok with those requirements before you sign up.

Welcome bonus

Deposit match bonus

The “deposit match bonus” will match a percentage of your deposit, up to a certain maximum amount.

OBS! For a serious trader the distinction between the two maximum amount definitions can make a big difference, so make sure you understand the requirements before signing up and depositing.

Considerations

Most bonus types have requirements regarding how much you have to trade before you can withdraw profits. For some traders this is ok, while to others it becomes a source of frustration.

Do I have to accept a broker's trading bonus?

Is a bonus basically free money?

Forex bonus & promotions 2021

Free forex bonus is the first thing that a new trader can expect when signing up with a good forex broker. Forex broker bonuses are quite diverse, but generally they all mean an extra allowance, some "bounty" added to a usual trading model. The main target of forex broker promotions, including bonuses, is to make trading more attractive to clients and to induce them to stay with the broker for a long time. Sometimes promo offers are very generous, e.G. Extra $100 on a trader's account.

You have to predict the price of the AMAZON shares as of the market close on friday, january 22th. The participant who predicts the exact stock price.

On december 20th, grand capital launches a special contest for our partners in indonesia and the arab world. The contest will run for two months and in three stages.

A new mobile-exclusive new year promotion will be available for grand trade users from december 18th to 31st. Claim the profit from demo trading in your real account.

HF affiliates is one of the leading partnership programs in the industry featuring competitive commissions, marketing tools and exceptional support. With the best commission structure and tailor-made products, we can help you achieve your expectations with high revenue share, multi-tier affiliate tracking system, no set-up fees to join and an auto-rebate system.

Santa is back with plentiful presents for our dear clients. Take part in the christmas promotion by grand capital and get the opportunity to win money prizes up to $5,000.

The trader wars contest has ended and will no longer be held. You can check out the results of the last round by following this link.

Legacyfx is excited to announce the launch of their very own loyalty membership program. While the specifics of a loyalty program may differ between companies.

Our birthday promotion ends in less than a week. Many of our clients have already taken advantage of the offer and increased their deposits by up to 200%.

Following our informative part 1 session last week, join us again as our expert continues to delve into the specifics of the japanese-developed renko charts. Get all your.

That special time of year is almost here. A magical time when families, friends and strangers come together to appreciate the important things in life.

Want to start trading with 50% more funds? When you open and fund a vantage FX live trading account with $200 or more, we will give you an extra 50% to trade with. Start trading with a leading CFD broker now!

The moneta markets IB program is designed to help you earn ongoing revenue for the clients you refer, for as long as your clients are trading. Join one of the industry.

We are proud to announce free educational courses from FBS financial analysts. From now on, you can get all the necessary information on forex structured and consistent.

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Join roinvesting's affiliate program and enjoy elevated profits powered by technology. Up to $800 per trader! Introduce your clients to one of the leading european.

Run your own metatrader business at the lowest possible cost. Leverage our solutions and infrastructure to build your name in the industry.

Trade 3,000+ of the world's most popular stock and ETF cfds commission-free with admiral markets! Slash your trading costs with commission-free stock and ETF cfds.

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?

The US presidential election is now just a month away, and it's taken on even more significance in the context of the current worldwide crisis. With the first presidential.

This autumn, grand capital turns 14. It's an impressive number, and we have prepared impressive gifts for our clients! All clients will have a chance to increase.

Want to boost your deposit with an extra 50%? All you have to do is open and fund a vantage FX live trading account with up to $500, and we'll give you a 50% bonus.

Researching forex affiliate programs can be a long and daunting task, especially if you're eager to start making money A.S.A.P. When patience is lacking, you may be tempted.

What makes the 40% deposit bonus offered by grand capital the most popular among traders? The answer is simple: it's the bonus with the most advantageous.

You do not always need to have a reason to be awarded a special bonus or a gift. This time, however, we have the occasion. Instaforex and dragon racing, a popular racing team.

Over the last nine years, we've been doing our best to give you outstanding forex experience and build a community of passionate traders. And you've been helping.

We're pleased to announce that we've updated the terms of the alpari cashback program! We've done everything we can to make trading and investing.

Grand capital draws prizes for a short video piece about trading with grand capital. Just record a podcast on why you chose grand capital for trading.

Virtual reality has long been the most popular contest among alpari clients. As such, we're pleased to announce that from now on, contest rounds.

While some countries are still on the lockdown or start to reopen, instaforex traders continue to take part in different campaigns and regularly receive.

Whether or not you're able to get out and enjoy the sunshine yet, things are getting hot at alpari. From the 1st of june, alpari clients will be able to earn up to twice.

It's always a great pleasure to announce the names of those who won the following interim contests and campaigns by instaforex: chancy deposit.

The "stay home" contest gained support from the sports stars, instaforex partners, borussia dortmund, a leading german football club, and jan koller.

While some countries are still on the lockdown or start to reopen, instaforex traders continue to take part in different campaigns and regularly receive cash bonuses.

Top 10 forex brokers 2021

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

Latest forex reviews

The estimated trading volume of the foreign exchange (forex) market stands at $6.6 trillion, a figure that exceeds even the volume traded across all stock markets.

The year 2020 is gone, but the problems it has brought upon the world and all of the major forex markets will linger in 2021 as the COVID-10 pandemic is far from.

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.

As many of you know, the foreign currency markets are open for trading 24/5, which makes it very hard for a human to keep track of everything that's going.

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USDCHF has poked back underneath the 200- and 100-period simple moving averages (smas) at 0.8866 and 0.8857 respectively. Its recent attempts to decisively.

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?

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?

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.

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

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

3. Instaforex

4. Fxopen

5. Roboforex

6. Hotforex

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

7. Octafx

8. FXTM

9. Vantage FX

Different type of bonuses

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.

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

Tips on how to choose a bonus and a broker

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.

Ready to get started?

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!