Top forex brokers no deposit bonus
- Regular traders who place dozens of trades per day.
- Often play through the set amount of the trades.
- People with typically large trade sizes.
Top-3 forex bonuses
Top 10 forex brokers with no deposit bonus – A synopsis
- Introduction
- What is a forex bonus?
- Forex bonuses - different types
- What are the pros and cons of forex bonuses?
- How does a bonus in forex work?
- How to find the best forex bonus?
- The best forex bonuses
- Pax forex - recommended for US traders - 100% bonus
- Avatrade | 2 x $200 forex welcome bonuses
- Markets.Com | £25 forex no-deposit bonus
- Plus-500 | £20 no-deposit forex
- FBS | best forex no-deposit bonus - $100 bonus
- XM | multiple forex options offered
- CMC markets | 2 x $200 forex welcome bonuses
- HYCM | 10% deposit bonus up to $5,000
- Tick mill | $30 sign-up deposit bonus
- Templerfx | $30 no-deposit bonus
- A quick overview
- Factors considered
- Conclusion
Introduction
The global trading market encompasses various offers to attract new traders and beginners with no trading experience. The forex market is one such platform, which has gained popularity over recent years with offers like no-deposit bonus, welcome bonus that forex brokers present for new traders without using their real money. The forex bonuses provide optimal trading conditions according to the preference; for example, offering bonuses for elite traders and beginners. When trading happens on real money, they also help choose the right forex broker to trust and pump up the deposits. However, one has to be careful as there is considerable risk involved.
To summarize, the forex brokers offer a welcome bonus for beginners who do not have a trading account. They offer a matched deposit bonus, which means there is a free bonus provided after the initial deposit, or they offer no deposit bonus.
What is a forex bonus?
A bonus acts as a marketing tool or cost-effective promotion, and the brokers offer to persuade beginners to make deposits. Many top forex brokers suggest this option as it allows for forex trading without risking their funds. This option is accessible to the consumers once they open a forex account or demo account in the chosen platform. Though the bonus is beneficial for traders and investors, brokers suggest this option to gain benefits in the long run.
Forex brokers use the deposit bonuses option as a tool to entice investors and traders to forex trading, providing them knowledge about trading conditions, forex account, demo account, trading bonus, and welcome bonus and help the clients make an informed decision. In simple terms, they offer free money that cannot be withdrawn immediately from the trading account but can be traded for other prospects.
Forex bonuses – different types
There are two types of forex deposit bonuses to choose from – a deposit bonus and a no deposit bonus.
Forex no-deposit bonus
It is often known as a complimentary bonus without deposit, as traders are offered a free bonus without a deposit being made. The brokers make the deposits once traders activate their live account on the platform, which allows them to understand the live trading conditions and explore different options without jeopardizing their funds. This enables the novice and seasoned traders to utilize the bonus fund and develop in-depth knowledge about the brokerage platform and its systems. The accessibility of a free bonus varies depending on the broker.
Initial deposit bonus
A deposit bonus is an additional sum credited to the trader’s account once they make their first deposit. If traders make a higher initial deposit, they unlock a greater deposit bonus. For example, the broker may suggest new customers a 100% matched bonus up to £500. Once they make the deposit, the broker will credit their account with the respective bonus amount.
This gives investors a chance to boost their trading account and use the bonus funds to set limits for their trades. However, the brokers often list down a set of terms and conditions regarding the accessibility of the bonuses and profits made. Some may set minimum/maximum consignment for the trading bonus, while others set certain rules for trading through the live account.
Sometimes the brokers may demand to trade a certain amount before withdrawing the free bonus or maintain a set amount of money in their accounts for a specific period before trading them. Hence, forex bonuses list out certain terms of conditions that one needs to be aware of.
What are the pros and cons of forex bonuses?
How does a bonus in forex work?
How forex brokers bonus work?
To understand how the forex works in a live trading environment, one needs to be aware of a few terms. They are:
Deposit bonus:
The deposit bonus is the most sought-after. As stated earlier, the broker will match the deposit by a certain percentage –with a welcome bonus.
Traders can claim a 100% matched deposit bonus with a forex broker. The forex broker may allow access to a maximum bonus of £1,000, a deposit made by the client. Upon making the deposit, the broker will then credit their account with an additional £1,000. The starting balance becomes £2,000 – even though the broker credited their account with £1,000.
No-deposit bonus:
Forex no deposit bonus rewards traders with a bonus without making a deposit. These bonuses are highly popular because the trader can gain a bonus without risking any funds. However, the no deposit bonuses comprise smaller sums that are credited in comparison to a deposit bonus.
Traders can claim a £20 no deposit bonus with a forex broker. Once traders open an account and verify their identity, the forex broker funds their account with the £20 no deposit bonus. It is credited instantly to the trader’s accounts for trading the bonus funds.
Terms and conditions for bonus:
The forex trading and gaining free bonus funds on the platform may sound simple, but it is not easy to cash out the profits. One needs to be aware of the listed terms and conditions that brokers employ.
Minimum trade amount to withdraw:
There is a complicated process to withdraw the bonus that is made. For example, if one deposits £500 and receives a £250 bonus, which totals to £750. Traders cannot withdraw the whole sum directly from the forex broker, as this would not benefit the platform. Hence, the platform sets limits and persuades them to use the bonus funds to trade. These bonus funds are often frozen until their conditions are met. Usually, a partial amount from the bonus is made accessible for pay-outs when they meet the requirements of trading the set amount. For example, the broker might give £1 from the bonus for every £10,000 traded.
This is suitable for people who are:
- Regular traders who place dozens of trades per day.
- Often play through the set amount of the trades.
- People with typically large trade sizes.
Time limit:
Traders also need to consider the time limits that the bonuses are set with. This is a strategy followed by the platforms to make the cash out of bonuses a difficult task. Often, brokers will set a certain period. Such as- 30 days to trade the bonus funds before invalidating withdrawals.
Eligible pairs:
In some instances, the forex no deposit bonus might set down restrictions on certain currency pairs. Hence, make sure to go through the terms and conditions to ensure the trading forex pair is permitted.
Supported nationalities:
Some australian forex brokers choose to permit bonuses to only certain nationalities. Hence, traders are advised to use the domain according to the country of residence.
Minimum deposit:
Most bonuses are set with a minimum deposit amount. Often, promotions only list the maximum bonus amount that can be used. Hence, ensure to go through the terms and conditions to find the preferred packages.
How to find the best forex bonus?
The global foreign exchange market is vast and comprises different kinds of traders. Therefore, it offers many options for every type of trader. However, not every deal is beneficial since many platforms advertise no deposit bonus and manipulate the user funds. So, it is advised to go through the terms and conditions for no deposit offers before signing up for the bonus.
Research
Before signing up, one needs to make sure to cross-check if the platform is legitimate and trustworthy. Even though the investors have trading experience, FX trading can trick them and manipulate them. Hence, always double-check by browsing the platform’s rules and regulations and the list of guidelines given by the forex broker. Finally, check the list of authorizations it has received from the regulatory bodies in the industry.
Reading reviews
For successful forex trading, make sure to find a broker with experience in forex trading. The web is filled with brokers, and every platform is crammed with reviews. Though there are many options for traders to choose from, it is difficult with many reviews to go through. Often, there is a chance of these reviews being proxy or duplicate, which they make up. Hence, it is always advised to check the detailed reviews, explain the challenges they have dealt with, and the practical solution to tackle such problems in reference to the past.
Payment methods
Payment methods give an option of investing in the trading account with real money. Therefore, ensure that the brokers provide flexible options to make the payments with the preferred mode of payment. Likewise, ensure that the broker allows the cashing out of the bonus or profits gained from the forex no deposit bonus, as many brokers restrict the withdrawal of the profits made.
Broker’s background
The reputation of the broker depends on the reviews and their alignment with the law. Always ensure to find a broker with approval and certifications from notable institutions in the industry. A regulatory authority assures the economic strength of the broker and its integrity towards its traders. There are many countries with rules and restrictions for forex brokers in the field. Finally, ensure that the trader is reliable by browsing the keywords such as forex broker name+ review, scam, fraud. Example: forex broker name scam and ensure that no negative reviews are showing up.
Always be alert and stay as safe as possible while trading the forex. As the field is risky, keep track of the listed factors before trading with brokers and ensure that they keep the funds safe and secure.
The best forex bonuses
There are many forex brokers to choose from, and making the right selection is a challenging task. Several factors are considered, such as fast execution, competitive spreads, and the range of tradable assets. Hence, different types of options or bonuses are listed down to attract different types of traders. They assist the trader in finding the specific broker with the desired profile. With forex no deposit bonus, new traders can learn trading in a live trading environment and build their portfolio without risking their capital resources. However, these bonus offers do not necessarily benefit all traders.
Therefore, traders need to be aware of terms and conditions before accepting or signing up for any offer. A key strategy to remember is that the brokers must gain profits, which is the primary objective of the bonus campaign. Hence, it is essential to select the right deposit forex as it significantly impacts the trading outcome.
Best no deposit bonus forex brokers 2021
The brokers below represent the best no deposit bonus forex brokers.
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Cysec, FCA, FSA(SC), FSCA, labuan-fsa
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.
Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.
Your capital is at risk
Ctrader, MT4, MT5, proprietary
Dealing desk, ECN, market maker, no dealing desk, STP
Your capital is at risk
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Note: not all forex brokers accept US clients. For your convenience we specified those that accept US forex traders as clients.
Tickmill
Regulated by: cysec, FCA, FSA(SC), FSCA, labuan-fsa
Headquarters : 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ.
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).
The broker provides more than 80+ CFD instruments to trade on covering forex, indices, commodities and bonds through three core trading accounts called the pro account, classic account and VIP account. They also offer a demo trading account and islamic swap-free account.
GO markets
Regulated by: ASIC, cysec
Headquarters : level 22, 600 bourke street, melbourne, VIC 3000, australia
Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.
Australian brokers are definitely making a name for themselves in the trading arena as some of the most reliable, intuitive and forward thinking firms around. This broker is no different with a wide variety of tools, assets and reasonable trading conditions.
GO markets pty ltd an ASIC regulated broker has been in operation since 2006. The head office is located in melbourne, australia. With over a decade of experience, GO markets has grown to become a leading broker with a huge client base from over 150 countries. GO markets offers forex, share cfds, indices, metals and commodities for trading on the MT4 and MT5 trading platforms.
Roboforex
Headquarters : 2118 guava street, belama phase 1, belize city, belize
Your capital is at risk
The roboforex brand is operated by the roboforex group, and is located in belize. Roboforex began operations in 2009 and has grown in size and capacity. The brand offers over multiple trading instruments which include forex, stocks, indices, etfs, commodities, energies, metals and cryptocurrencies.
They also offer cutting edge platforms. Roboforex boasts of over 800,000 clients from 169 countries. They are both a dealing desk and non dealing desk broker offering ECN and STP trading accounts through their platforms. This means a different payment model to you the trader eg. Lower spreads for ECN accounts with some commissions to pay.
*leverage depends on the financial instrument traded and on the client’s country of residence.
Axiory
Headquarters : no.1 corner of hutson street and marine parade belize city, belize
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Axiory was founded in 2012 and is a trading name of axiory global ltd which is authorised and regulated by the international financial services commission (IFSC) of belize. The broker segregates client funds from their own and offers negative balance protection. The company is also audited by pricewaterhousecoopers and is a member of the financial commission.
Users can choose from three types of trading accounts called nano, standard and max to trade on 80 different markets covering forex and cfds on indices, energies, stocks and metals. Axiory offers maximum leverage of up to 1:500 and also provides access to islamic swap-free accounts and a demo trading account. Users can also access data regarding execution times and slippage distribution for even more transparency.
What is a no deposit forex bonus?
A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.
Just like the deposit bonuses in forex (which require you to deposit first), the no-deposit bonus is used strictly for trading purposes and can only be withdrawn from the account on fulfillment of the broker’s trade volume requirements.
Typically, the no-deposit forex bonuses are not as large as the deposit bonuses. They range from between $10 and $200, depending on the broker. They are actually meant to introduce new traders into the world of real money trading and are not meant to be used for profit-oriented trading. Think of it as a form of live, real money practice account where you keep all the gains. If you lose money, you have lost nothing.
What should I do to get my bonus?
Most of the no-deposit forex bonuses in the market can be obtained as exclusive offers through affiliate partners of the forex brokers that offer them. The forex brokers who award the no-deposit forex bonuses directly are typically in the minority.
What is the difference between no deposit bonuses and deposit bonuses?
No-deposit forex bonuses do not require an initial deposit into the trading account before they are awarded. This factor distinguishes the no-deposit forex bonus from deposit bonus, which like the name implies, requires a deposit from the trader before it is awarded.
No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.
What other bonus and promotion types do brokers offer?
Other bonuses and promotions may be given out by brokers occasionally.
- The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.
- Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.
- Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.
Conclusion
Are you looking for the best no deposit bonus forex brokers for 2017? Here we show a list of these brokers which we have compiled after careful evaluation of various candidates. Ensure you use the no-deposit forex bonus wisely and use it to enhance your live account trading experience.
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
Forexbrokers.Co.Za is a broker comparison & education website for south africans. We aim to help traders in south africa find the best forex brokers. Read more..
Best rated forex brokers
Helpful links
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- FSCA regulated forex brokers
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- Forex trading platforms in south africa
- Forex trading apps in south africa
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- No deposit bonus forex brokers in south africa
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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..
Fxdailyreport.Com
The forex market transacts enormous amounts of money every day. With possible trillions moving in and out of the market every trading day, the forex market offers a great profit potential. However, where there is profit, there is also the potential for loss. In this case, the loss could begin with choosing the wrong broker. These factors should help any trader looking to invest in forex:
Regulatory compliance
before settling on a broker to trade with, it is important to know who regulates them. If a broker operates in a number of countries, they must be regulated by the authority mandated to oversee financial institutions in those states. For instance, if a broker is based in australia and operates in the US and UK, they must be regulated by the regulatory bodies of those three countries (ASIC, NFA and CFTC, and FCA and PRA respectively).
Regulatory bodies make sure that the broker you want to invest with operates within the financial laws of the host country. They also provide consumer security to traders by lending legitimacy to a broker.
Top 10 legit forex brokers
| broker | info | bonus | open account |
|---|---|---|---|
| min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec | 50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. | Visit broker | |
| min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC | $100 no-deposit bonus, 100% deposit bonus | visit broker | |
 | min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize | “50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program” | visit broker |
| min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN | 35% of the account deposit | visit broker | |
 | min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA | visit broker | |
| min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202 | visit broker | ||
| min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK | visit broker | ||
| | min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC | visit broker | |
| min deposit: $10 spread: leverage: regulation: cysec | - | visit broker | |
| | min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec | visit broker |
Data safety
Fees
any fees incurred are the standard cost of doing business. However, these expenses could affect your profits, especially if they are hidden. Still, your broker has to charge. Most brokers will opt to make their profit from spreads. Spreads are the difference between the ask and the bid price. Tight spreads mean you can easily enter and exit the market, and as such, a broker will reap maximum profits on wider spreads. Tight spreads are common in higher trading currency pairs such as the dollar/euro pair or dollar/pound pair. Highly volatile pairs will have wider spreads.
Other expenses that you might incur include fees charged during any fund transfers (deposits and withdrawals) and additional costs related to your bank account. It is, therefore imperative that you have another party look at the fee clause in your broker-trader contract to make sure you have full knowledge.
Platforms and software
A trading platform serves as your gateway to the market. A reliable platform should be highly responsive and easy to navigate, and it should have the necessary tools that allow traders to react to the market in real time. It is common for brokers to have a custom-made trading platform. However, if your broker does not have their own software, they most likely use more common trading platforms such as the metatrader 4 (MT4) or metatrader 5 (MT5).
Each platform has several features that give them an edge over competitor platforms. One of the common features of an excellent platform is the ability to run on different devices and their compatibility with various operating systems. Some platforms come with inbuilt strategies that you can use to plan your trades. Additionally, you can develop your own strategies and save them into the platform.
To expand your options, some platforms let you communicate with other traders to chart strategies or to learn from more experienced traders.
Ease of transaction
A legit forex broker allows you to access your money easily. Reputable forex brokers use the money you deposit to trade, and once they make their profit, what you earn should be easy to withdraw. Some brokers make these processes seamless by offering more access options. For instance, you can deposit or withdraw your money through paypal, debit, and credit as well as direct wire transfers.
Currency pairs
on any day, there are plenty of currency pairs getting traded. A legit broker should at least offer the major pairs. The euro, dollar, yen, and pound are the most popular currency pairs.
However, a trader can choose which pairs they prefer to trade. More established brokers tend to have a broader range of currency pairs. Check if your broker offers the currencies you would like to trade.
Accounts
A good forex broker allows traders to open an account of their choice. The initial amount determines which account you can create. Some brokers will let you open accounts with as little as $50. However, such accounts are considered risky because of the lack of flexibility with open positions. The required amount to open a standard account is about $10,000. In some cases, a broker will offer exclusive accounts that require initial capital of up to $20,000. These types of accounts usually have VIP benefits such as fewer fees and premium tools. In islamic countries, brokers may offer accounts that adhere to sharia law. These accounts do not accrue interest.
It is also vital to know if your broker offers a demo account with which you can trade risk-free before you go live. Demo accounts don’t require any financial commitment and are perfect for beginners looking to get hands-on market experience.
Customer services
forex trading is a 24-hour business rife with a number of issues that require immediate assistance. A good broker is only as effective as their support system. Fortunately, most legit forex brokers have customer service that allows you to speak to agents, lodge ticketed complains and receive technical support on various platforms. Timely support ensures that you get real-time help with sensitive information when you need it.
Broker type
the type of broker you choose in this case is purely based on profit. Electronic communication network brokers (ECN brokers) have the edge over dealing desk brokers (DD) brokers since they offer better spreads, translating to better profits for a trader. ECN brokers match trades between other traders, unlike DD brokers who might have to trade against their own clients.
Additional services
other than the basics, a good forex broker could sweeten the deal for you by offering in-house services such as tax statement preparation, up to date market news, additional expert analysis and occasional classes that help you better your skill as a trader.
Top 10 forex broker bonus no deposit 2020
Check out the latest offers and promotions to find the best no deposit bonus. Brokers offer you a free bonus and allow you to start trading without depositing your money and risking your capital. All you need to do to get your free bonus is find a trusted broker and open an account.
No deposit forex bonus is a bonus on a real forex account that a forex broker gives to first-time investors without having to make a new deposit.
Forex broker bonus no deposit :
guide
The forex no deposit bonus is one of the most exciting promotions for newbie investors. You can practically start trading in the forex market without any initial investment.
Because up to 10% * of active forex brokers offer a no deposit bonus when you sign up with them.
No deposit forex bonus is the latest welcome package that brings in a new investor and encourages them to start trading.Most of the first time investors are unwilling to invest their money.
This is why brokers encourage them by putting money into a new account as part of their forex promotion. Of course, you have to meet certain conditions to open an account with them.
You should also check the reputation of your brokers before accepting any of them. Of course, investors cannot withdraw the money they receive for free.
They can only use them for trading purposes as per the broker’s requirements. In this guide, we will tell you everything you need to know about no deposit forex bonuses.
You will also find where you need to go to learn more about no deposit bonuses.
Forex broker bonus no deposit :
what is no deposit forex bonus?
Before we get into the details, let’s make sure that you understand exactly what a no deposit forex bonus is.
After all, even if you get a good offer, you are still putting money on the line.
So it always pays to do the analysis ahead of time – and make sure you know what you’re getting yourself into.
A no deposit forex bonus is called a forex bonus because you don’t have to make a deposit before you receive it.
It is also only granted once to welcome you on board.
In the past, it was quite common for people to get a free bonus for trading in the forex market.
It was a smart way for brokers to encourage their clients to trade more with them in the future.
Fortunately, the concept of a free bonus is still quite common.
Is a forex no deposit bonus a welcome bonus?
Forex broker bonus no deposit :
is a forex no deposit bonus a welcome bonus?
There are many reputable brokers who still give out no deposit bonuses, sometimes referred to as “welcome bonus”.
Additional note: the welcome bonus is the term used by forex brokers to describe the forex bonus.
This can mean both a deposit bonus and a no deposit bonus.
Although you shouldn’t think of it as “free money”, this is how people who are new to the world of forex can trade.
No deposit no verification forex bonus
Forex broker bonus no deposit :
no deposit no verification forex bonus
You usually start by giving your name and email address (and in some cases your phone number) to a broker.
You will need to create an account with a broker and the details they need will vary depending on your individual needs.
Some brokers may require an invoice or passport to prove their identity, while other brokers offer a no deposit no verification forex bonus.
Additional note: it is best to verify your account to rule out any issues that may arise if you wish to make a withdrawal in the future.
What happens when you have verified your personal information?
You will receive a free bonus on your account.
Top forex no deposit bonus in 2020
For a quick glance, we’ve put together a top forex no deposit bonus for year 2020
What can you do with a free no deposit bonus?
Forex broker bonus no deposit :
what is no deposit forex bonus?
Now let’s see the benefits of using a no deposit forex bonus.
Without having to deposit your own money (although some brokers may require a small deposit amount to recover), you can start trading.
This way you can learn how to trade in the forex market, and if you make a mistake, you won’t have to pay for it yourself.
And so, you will be trading real money, not just fictitious digital money.
So what exactly can you trade?
You will be happy to learn that bonuses are a great way to practice trading commodities, forex and even crypto currencies.
We know this no deposit bonus seems like a win for you as an investor, but a loss for the broker.
However, you have to keep in mind that their purpose is to provide people with the convenience of trading in the forex market.
When you know that it’s not your own money that is at risk of loss, you’ll be much more likely to exercise – and get involved.
Once you do this, you will be amazed not only how lucrative it is, but also how cool forex trading can be.
But what about my profits?
So far in this guide we have only talked about how forex no deposit bonuses will benefit you if you lose money.
Of course, we also know that you want to understand what will happen if you make a profit!
Will you be able to withdraw this money from your account?
Or maybe because it wasn’t really your money, it will go back to the broker?
One of the best things about no deposit forex bonuses is that you will actually be able to keep the profits you make.
Yes, by keeping it that way we mean you can take your profit out.
You can choose to use what you have earned to invest your money in forex trading.
What if you are feeling lucky but forex trading is not for you?
Don’t worry – you can opt out.
Start trading forex with your profit
If you make money with no deposit forex bonus, it means you are good.
You can now reinvest the profit you have earned from the no deposit bonus into different types of trading accounts.
You will be able to specify your objectives as well as the amount of your initial deposit.
There are accounts that allow you to start trading even if you only deposit a dollar.
There are accounts that don’t have spreads, as well as options that allow you to take a close look at your potential profit.
Once you have gained some trading experience, you can improve and play with different types of accounts.
In short, the possibilities are virtually endless!
Is there a catch?
After analyzing and processing hundreds of no deposit bonuses, we realize that requesting a no deposit bonus and withdrawing profits might not be the easiest thing to do.
Each forex broker has their own terms and conditions. These rules are designed to protect the best interests of the forex broker, as well as to prepare investors to make a deposit and start trading.
Although applying for a no deposit bonus is a fairly straightforward process, you start to notice the limitations when trading with a no deposit bonus. However, the final step of withdrawing profit can be much more difficult than you might think.
We have identified most of the obstacles and restrictions associated with obtaining a bonus and withdrawing profits.
How to request no deposit forex bonus
We’ve told you that requesting a no deposit bonus is the easiest process – and it’s not far from the truth. We have identified two ways that forex brokers work.
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Variety of deposit/withdrawal methods
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The art of analysis from claws&horns
Experienced experts at claws&horns master the art of analysis as no one else. All sorts of analysis, latest forecasts, unique reviews, expert opinions and many other analytical materials that are indispensable to trading success are now freely available to liteforex's clients.
The material published on this page is produced by the claws&horns company jointly with liteforex and should not be considered as the provision of investment advice for the purposes of directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.
Traders' social network for forex copy trading
Are you a beginner?
- Communicate with traders worldwide
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Past performance is not an indication of future results.
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Company's news
Risk warning: trading on financial markets carries risks. Contracts for difference (‘cfds’) are complex financial products that are traded on margin. Trading cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and taking into account your investment objectives and level of experience. Click here for our full risk disclosure.
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Top forex brokers no deposit bonus
- Language support: bengali, chinese, english, hindi, indonesian, malay, portuguese, spanish, thai
- Create trading accounts, modify leverage, enable swap-free options, edit and restore passwords
- Make deposits and withdrawals using the most popular payment options
- View your detailed overall or account operation history, apply convenient filters to it and cancel your previous deposit
- Start trading in a compatible trading platform app
- Top up your demo account
- View contest statistics and access your contest accounts
- Activate bonuses and view statistics on active and completed bonuses
get it on
Forex trading accessibility for everyone
Octafx - one of the best forex brokers on the market, for traders all round the world. Octafx offers access to CFD trading, commodity trading and indices trading with award-winning forex trading conditions. As well as access to the forex market, octafx offers a variety of promotions that can help you:
50% bonus on deposit
Negative balance protection
Why choose forex trading with octafx
Octafx forex broker ensures reliable forex trading conditions to provide traders of all skill levels with an opportunity to earn more. This is possible due to:
- No commissions on deposits and withdrawals
- No swaps
- No slippage
- No delays
No deposit bonus forex brokers list
Here you will find the latest best offers of forex brokers giving genuine no deposit welcome bonus for free in 2021 : find the highest bonus and the biggest promotion. Terms and conditions apply. Find below the forex brokers that offer welcome bonus or NDB, no deposit bonus required.
Risk warning: your capital is at risk. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.
What is a no deposit bonus ?
A no deposit bonus is an amount of money that is deposited in a live trading account by the broker for free, it is a promotion that is generally offered by some brokers for new customers who register a new real account. Every client is generally entitled to receive the no deposit bonus only once. I order to receive a no deposit bonus, you have to follow the process of opening a new live trading account, fill in an application, verification of your email, verification of your phone number. It is quite rare to have a tradable bonus without verification. The verification procedure is quite simple: all that you need is to upload the scanned copy of a document proving your identity. Sometimes you have to claim the welcome bonus. Then the free welcome tradable bonus is credited to your account, and you can test the trading platform and do some trades. Bonuses are generally credited on a micro account, it is rare to have it on a ECN account. In some regions or countries, an alternate promotion may prevail. Finally, sometimes you have a certain number of days to use the bonus before it is rendered unavailable.
Withdraw profit
In most of cases, you can withdraw profit but it depends on terms and conditions. Sometimes, you have to reach a minimum profit, or you have to do a certain volume of trades. For instance, the profit shoud be allowed for withdrawal when the trade volume of both buy and sell trades are equal to X lots where X is the total amount of the bonuses received. There could also be a maximum amount of profits that the client can withdraw if they haven't made a first deposit yet.
Bonus withdrawable
The bonus is not always withdrawable, it depends on terms and conditions. When it is possible, brokers provide flexible conditions, customers can withdraw bonus funds in case of efficient forex trading. Most of time, you have to reach a minimum volume of trades to make your bonus withdrawable. It could also happen in some terms that bonus could become withdrawable only if you make your first deposit, it is also called payment method verification.
Risk warning: investments involve a high level of risk. It is possible to lose all your capital. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 58-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
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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 cryptocurrency market experienced an increased wave of selling pressure and within the last hour bitcoin (BTC) price dropped below the $30,000.
Bitcoin (BTC) slid under $33,000 for the first time in over a week on jan. 21 as selling pressure gathered to drive price action lower. Data from cointelegraph.
The price of bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions. There are three.
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.
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.
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.
So, let's see, what we have: get the best top 10 forex brokers with no deposit bonus by our expert's choice. Know about different types of forex bonus & claim your bonus today. At top forex brokers no deposit bonus
Contents of the article
- Top-3 forex bonuses
- Top 10 forex brokers with no deposit bonus – A...
- Introduction
- What is a forex bonus?
- Forex bonuses – different types
- What are the pros and cons of forex...
- How does a bonus in forex work?
- Deposit bonus:
- No-deposit bonus:
- Terms and conditions for bonus:
- Minimum trade amount to withdraw:
- Time limit:
- Eligible pairs:
- Supported nationalities:
- Minimum deposit:
- How to find the best forex bonus?
- The best forex bonuses
- Best no deposit bonus forex brokers 2021
- Tickmill
- GO markets
- Roboforex
- Axiory
- What is a no deposit forex bonus?
- What should I do to get my bonus?
- What is the difference between no deposit bonuses...
- What other bonus and promotion types do brokers...
- Conclusion
- Best no deposit bonus forex brokers 2020
- Best no deposit bonus forex brokers compared
- Tips for wisely using the no deposit forex bonus
- Frequently asked questions: no deposit bonus...
- Which forex brokers offer no deposit bonus in...
- Can I withdraw the no deposit forex bonus?
- Are no deposit bonus brokers safe?
- Fxdailyreport.Com
- Top 10 legit forex brokers
- Top 10 forex broker bonus no deposit 2020
- Forex broker bonus no deposit : guide
- Forex broker bonus no deposit : what is no...
- Is a forex no deposit bonus a welcome bonus?
- No deposit no verification forex bonus
- Top forex no deposit bonus in 2020
- What can you do with a free no deposit bonus?
- Forex broker bonus no deposit : what is no...
- But what about my profits?
- Start trading forex with your profit
- Is there a catch?
- How to request no deposit forex bonus
- Forex: largest, most liquid market for...
- Optimal choice for opening a forex...
- Trading platforms
- Some of the lowest spreads in the forex...
- The latest analytical materials are at your...
- Traders' social network for forex copy...
- Top 3 traders in the past month
- Affiliate programs at liteforex
- Top forex brokers no deposit bonus
- Forex trading accessibility for everyone
- Why choose forex trading with octafx
- No deposit bonus forex brokers list
- What is a no deposit bonus ?
- Withdraw profit
- Bonus withdrawable
- Forex brokers offering bonus 2021
- Convert popular currencies
- Forex forecasts
- Cryptocurrencies trading forecasts
- Top 10 forex platforms 2021
