Forex trading bonuses

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

Top forex bonus list

Bonuses And Incentives, forex trading bonuses.

Bonuses and incentives

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

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

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

In this article, you will learn:

Top rated forex sites

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

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

The types of forex bonus

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

Deposit bonus

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 The deposit bonus has to be traded several times before it can be withdrawn.

No deposit bonus

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

Volume bonus

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

Reward bonus

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

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

What is the ideal bonus

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

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

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

How a bonus can help

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

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

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

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

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

How we find the best deals

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

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

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

Forex bonus

The forex bonus was once seen as the go-to promotional tool of online forex/CFD brokers. From no deposit bonuses, to rebates or a deposit match bonus, a new trader had a number of choices to boost their trading capital. Nowadays however, it has been relegated to the fringes of the industry, due to mounting regulatory pressure.

According to the provisions of mifid II for instance, brokers are no longer allowed to offer any sort of bonus incentives to their clients. Most regulators the world-over have adopted similar stances in this regard.

Still, some brokers continue to offer promotions in certain jurisdictions. Thus the forex bonus has remained part and parcel of the online forex ecosystem. So where can traders still get a welcome offer, and equally – should they take it?

Forex bonus offers january 11 2021

What is a forex bonus?

We can best define bonuses in forex as monetary incentives offered to clients, with the goal of encouraging them to perform a certain action. This action can be registration, the achievement of certain trading volumes, or any other objective set by the broker.

Strict conditions apply to most forex bonuses. Brokers set such conditions according to their own needs and preferences.

Typically, brokers aim their bonus deals at traders who deposit less than $5,000. Some forex bonuses can encourage over trading, or trading beyond a trader’s means.

It is therefore imperative that traders should understand all the terms and conditions that apply to a bonus, before accepting it.

Different types of forex bonuses

Over the years, forex brokers have been very creative with their incentives. Scores of different types of forex bonuses were created, promoted and optimised.

Forex bonuses are as diverse as the creative minds of those cooking them up allow them to be. That said, they can mostly be put into one category or another, based on some key features.

Some brokers hand out their forex bonus without requiring traders to make a deposit. Others might call for a deposit, but offer very lax bonus redemption conditions. Still others dangle attractive bonuses, but torpedo the deal through the fine print, hoping that the targeted clients won’t read through that.

No deposit bonus

Because of their no-strings-attached nature, no deposit forex bonuses are some of the most popular promotional deals. Traders and would-be traders love them, because they do not assume any risk through these bonuses.

Brokers typically hand out such no deposit bonus deals with the goal of getting traders hooked on what they offer. The primary goal of every online forex broker is to “usher people in” and get them to start trading. No deposit bonuses are indeed very effective at meeting this objective.

Within their own little category, no deposit bonuses come in a few different variants. Some brokers effectively hand out free money. They do it in the hopes that traders hooked through this act will continue trading with real money and offset the cost.

Such brokers may view no deposit bonuses as effective, albeit rather steep, promotional expenses.

However, traders can never cash out most no deposit bonuses. Nor can they ever pocket any of the profits resulting from such bonuses. In such cases, the bonus deal is mostly a nominal one. Its sole purpose is to give traders a chance to take a risk-free “peek inside”.

They say that there are no free rides in life. This truth applies to no deposit bonuses, with scant exceptions. Always check the turnover requirements to see how realistic they are, and if profits can be withdrawn eventually.

Deposit bonus

Unlike a no deposit bonus, a deposit bonus requires the trader to transfer real money to his/her broker account. The broker then awards the bonus money in a manner proportional with the size of the deposit.

Given its mutually advantageous nature, the deposit bonus is usually a much more serious deal than a no-deposit one.

At face value, it is supposed to complement the ability of the trader to invest. Brokers who adhere to this approach might tie their deposit bonuses to certain conditions. But they do not aim to make it impossible for traders to withdraw these bonuses.

At the other end of the spectrum, brokers abuse such bonuses. By setting impossible-to-fulfill redemption requirements, they often tie up the trader’s actual deposit with the bonus money.

This is yet another reason why you should always choose your forex bonus from a trusted source. Strong regulation is often enough to ensure bonus deals are marketed correctly.

Welcome bonus

The peculiarity of this bonus type is that it is only available to newly registered clients. Beyond that, it can take any shape. It can be a no-deposit bonus, a deposit “match” bonus, or turn-over bonus, etc.

Welcome bonuses are typically only available once per household. If you have had an account with a broker for some time, you can forget about picking up a welcome bonus.

Turnover bonus

A turnover bonus directly rewards trading activity and volume. As such, it is one of the pet peeves of regulators everywhere. It directly encourages clients to trade more.

A typical turnover bonus format would be: trade X number of lots per calendar month, to receive Y amount of bonus money.

Since turnover bonuses require traders to “do the work” upfront, they are often transferred to trader’s accounts without any strings tying them.

Pending bonus

A pending bonus offers the trader a bonus once they meet a particular milestone. This might be trade volume or deposit totals etc. Again, the terms and conditions are crucial, particularly in the milestones must be met within a certain time frame.

Reload bonus

Unlike a welcome bonus, a reload forex bonus is aimed at existing clients of a brokerage. It is awarded to those who reload their account balances through subsequent deposits.

Reload bonuses have drawn the ire of the regulators because they directly encourage traders to deposit more money.

Reload bonuses are like a poor man’s first deposit bonus. Their sizes are usually smaller and their redemption requirements may be steeper. Often, they are nothing more than a downsized version of a deposit bonus.

Tradable bonus

A tradable bonus becomes part of one’s full tradable balance as soon as awarded. This type of bonus can be traded and lost.

Attached conditions may make it impossible for traders to withdraw profits incurred through the tradable bonus however. Since it is difficult to keep track of which profit came from which invested funds, it may not be simple for traders to know where they are with the bonus.

When working as intended though, forex tradable bonuses are among the best bonuses one can get.

Rebates

Forex brokerage clients pay the broker for the services it renders, through spreads and/or commissions.

Such expenses cut right into one’s profit margins. Some brokers offer rebates on commissions and spreads, provided the trader fulfills certain (usually trading volume-related) requirements.

While apparently fair and quite attractive, rebates encourage increased trading volumes too. As such, they present yet another problem from a regulatory perspective.

Forex gifts

Forex brokers reserve the right to give certain clients gifts. Such gifts range from various gadgets to event tickets and indeed: special bonuses. The broker has even more freedom to set the terms associated with such gifts than with regular bonuses.

It can award them as contest prizes, for trading volume achievements or as the result of random draws.

Forex freebies

Freebies other than actual forex bonuses can add a great deal of value to the services of a forex broker. This category covers a wide range of benefits, such as demo trading contests, live contests, raffle draws, and various prize-bonuses.

Education packages (webinars, video libraries, live seminars) are also in this category.
Serious and well established brokerages offer free VPS services to clients they deem worthy. Usually, trading volumes are instrumental in determining who gains access to such a service.

In some cases, intricate, multi-tiered VPS services are offered, mostly from third-party providers.

Brokers also make use of third party signal services, to offer their traders yet another non-monetary incentive.

Obviously, the best services in every category go to those who log trading volumes that the broker deems significant.

Refer-a-friend bonuses reward existing traders who convince their friends to join the broker. The deals are set up to be beneficial for all parties concerned, though – as any other bonus deal – they do leave some room for abuse.

How to find the best forex bonuses

Finding the best forex bonus is a matter of common sense and some research.

Start by locating a serious and trusted source for bonus information and comparison.

This can be more challenging than simply running a search for “best forex bonus”, “forex bonus deals” or some other related keyword.

You need independent forex bonus comparison and appraisal. Reviews from most dedicated forex portals are unreliable.

Your best bet is a page like this one, coupled with feedback left by actual traders. Never underestimate the power of the community when it comes to shedding light on the finer details of various forex bonus deals.

Typical forex bonus conditions

After everything has been said and done, take time to read into the fine print. Here’s what the terms attached to a typical forex bonus look like:

– your first step is to register an account. Fill out the forms and complete the confirmation procedure.

– make sure you opt for the account type that supports the bonus that you want.

– some brokers issue bonuses automatically. Most of the time however, you will have to request it manually.

– you request your $100 welcome bonus (for example), on an MT4 classic account. You are aware that you will have to generate a turnover of $10,000,000 to withdraw it.

– understanding turnover. While $10 million may seem like a very steep requirement for a $100 bonus, it is in fact quite reasonable. Both the opening and closing of your position counts towards the turnover.

If you buy 1 lot of EUR/USD at X price and sell it at Y price, your turnover will be (100,000*x)+(1,000,000*y). That will make more than $200,000 on that position alone.
Tossing leverage into the equation, that $10 million does not seem a distant objective at all. Profits and losses do not count towards turnover in any way.

– make sure you understand the validity of your bonus. It may be valid for an undetermined amount of time, or the broker may decide to impose a limit (a few months, a year) in this regard.

– have your bonus added to your regular balance and withdraw it.

Regulators and forex bonuses

Beginning with july 30, 2018, the european securities and markets authority (ESMA) has banned all forms of forex bonuses and gratuities. Brokers regulated under different jurisdictions may still offer such deals.

Thus, mifid II was born, ushering in a host of strict regulatory requirements aimed at reining in rogue FX operators.

Forex bonuses were not the only variable addressed. ESMA also banned binary options, limited leverage and made the displaying of risk warnings mandatory on all FX websites.

By banning forex gratuities in particular, ESMA aimed to prevent new traders from being suckered into trading. By eliminating this ruthlessly efficient promotion tool from the arsenal of FX operators, the regulator has indeed succeeded in making potential beginners think twice about coughing up their money.

Conclusion

Forex bonuses and gratuities are illegal in EU-regulated jurisdictions. The US markets are mostly off-limits to brokers, so there is not much going on bonus-wise there either.

Keep that in mind when looking for a lucrative FX bonus. The broker that can give you what you’re looking for is likely an offshore operator, with a shoddy regulatory background.

Best no deposit bonus forex brokers 2021

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

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

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

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

Your capital is at risk

Ctrader, MT4, MT5, proprietary

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

Your capital is at risk

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Your capital is at risk

ECN, no dealing desk, STP

Your capital is at risk

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

Tickmill

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

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

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

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

GO markets

Regulated by: ASIC, cysec

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

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

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

Roboforex

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

Your capital is at risk

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

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

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

Axiory

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

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

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

Justforex

Regulated by: not a regulated broker

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

Your capital is at risk

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

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

What is a no deposit forex bonus?

A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.

Just like the deposit bonuses in forex (which require you to deposit first), the no-deposit bonus is used strictly for trading purposes and can only be withdrawn from the account on fulfillment of the broker’s trade volume requirements.

Typically, the no-deposit forex bonuses are not as large as the deposit bonuses. They range from between $10 and $200, depending on the broker. They are actually meant to introduce new traders into the world of real money trading and are not meant to be used for profit-oriented trading. Think of it as a form of live, real money practice account where you keep all the gains. If you lose money, you have lost nothing.

What should I do to get my bonus?

Most of the no-deposit forex bonuses in the market can be obtained as exclusive offers through affiliate partners of the forex brokers that offer them. The forex brokers who award the no-deposit forex bonuses directly are typically in the minority.

What is the difference between no deposit bonuses and deposit bonuses?

No-deposit forex bonuses do not require an initial deposit into the trading account before they are awarded. This factor distinguishes the no-deposit forex bonus from deposit bonus, which like the name implies, requires a deposit from the trader before it is awarded.

No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.

What other bonus and promotion types do brokers offer?

Other bonuses and promotions may be given out by brokers occasionally.

The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.

Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.

Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.

Conclusion

Are you looking for the best no deposit bonus forex brokers for 2017? Here we show a list of these brokers which we have compiled after careful evaluation of various candidates. Ensure you use the no-deposit forex bonus wisely and use it to enhance your live account trading experience.

Forex trading bonuses

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.

Forex racer

Forex no deposit bonus

The best free forex no-deposit bonuses 2019

Make money in forex without investment

People say that the number one rule of financial trading is that you need a good deal of investment to start. That is no longer true. You can start trading in the forex market with as little as 100 dollars on a part-time basis. The key is to only make trades when you get a profit. If you know the market and study forecast accurately you can make a good steady income even with a small initial investment. Another good way to make money without investment is through a no-deposit forex bonus account. These accounts allow you to trade without investing your own money and still create a regular income stream.

What is a no-deposit bonus?

Whether you are just entering the forex markets or planning to trade in currencies in the future, the no-deposit bonus can help you set up nice and easy. It is the key to understanding the forex without risking any of your own, hard-earned money. If you discover that you have a knack for forex trading and are a natural at it, you can invest your own money and take up forex trading full time. If your trades don’t go as well as you hope, or you realize that forex trading just isn’t for you, you can just close the account without paying anything. No loss, no gain.

The popularity of no-deposit forex bonus

Forex trading platforms are always coming up with new incentives and ways to attract investors to their platforms. They have tried the virtual currency accounts and zero-fee for a month’s accounts. However, the no-deposit forex accounts gained more popularity than any other incentives. No-deposit forex bonus accounts are aimed specifically at new investors who lack experience of the currency markets. They also attract investors who have the time to research markets, but can’t spare enough funds to really get into forex. The no-deposits bonus accounts allow investors to make a significant amount of money with virtually zero risks. This is precisely what makes them better than any other type of incentives.

The risks in forex trading

Forex is a risky investment market that is not meant for people who cannot handle losses. There are millions of individual, retail and institutional traders trading daily in the forex market but only a handful of traders actually find success. Beginners can use demo trading, and it does help them understand the risks in the market. However, demo trading does not replicate the real-life emotions and risks of live forex trading. Many people turn apprehensive when they switch to real trading from demo accounts which affect their trading tactics. New traders are often unwilling to make trades because they don’t want to take the risk. This is where a forex no-deposit bonus can be useful. It works for both amateurs and more experienced traders. The no-deposit bonuses are in high demand in the FX market, but there are only a few online brokers that actually offer this facility for new accounts. Let’s take a closer look at how no-deposit bonus accounts work, and which platforms currently offer the best no-deposit forex trading in the market.

How do forex no-deposit accounts work?

Traditional forex accounts require you to deposit a sum of money into the account before you can start trading. The minimum balance can be $500, $1,000 or $5,000 depending on the broker. Once an investor has deposited the balance, the broker makes a commission on every trade that’s carried out through that account. This commission is the main source of income for the broker. In this type of traditional account, the depositor bears all the risk while the broker is guaranteed a return through commission. In no-deposit bonus accounts, the investor is not required to make an initial deposit and receives a bonus amount from the broker. This balance can be used for trading normally as if the investor deposited the money. You can also withdraw the balance without verification under the terms of the broker. If the depositor makes a profit through their trades, it belongs entirely to them. If they make a significant loss and lose all the initial deposit, they don’t have to pay anything. The broker bears the trading loss. The broker still collects a commission on the transactions which can compensate some of the costs for giving out the initial bonus to depositors.

Why forex brokers offer no-deposit bonus?

It is evident from the model that brokers have everything to lose from the no-deposit bonus and very little to gain. If a new investor makes risky trades for a greater return and the bet pays off, they can increase their balance significantly. If the bet fails, the broker bears the cost and they walk away without losing anything. So why do brokers offer the no-deposit bonus? There are two main reasons. The first is from a marketing perspective. Brokers that offer a no-deposit bonus usually get higher visibility on broker comparison platforms. No-deposit bonus is a huge attraction for both new and seasoned traders. The bonus brings more traders to the broker’s platform and increases their earning potential compared to its competitors. The second reason is that of all the traders that invest through the broker, some win and some lose. Brokers hopes that the big winners will continue trading through the platform while earning them commission in the process. People who win the first few trades are also likely to deposit their own funds into the accounts to scale their winnings.

Welcome bonus up to $500

Welcome bonus - a bonus which is equal to 100% of the first deposit, but does not exceed $500. It is credited automatically. The profit can be withdrawn without any limitations, and the bonus itself can be withdrawn after required trading turnover completed.

Welcome bonus advantages

How to get the welcome bonus

Terms and conditions

To credit a welcome bonus, it is required to open a live account MT4.Directfx, MT4.Classic+, MT5.Directfx or MT5.Classic+. Please note, "cent" accounts are not allowed. Welcome bonus can be credited only to standard account.

Welcome bonus can be obtained only once with the first deposit of at least $50. For this purpose, check “enroll welcome bonus” option on the replenishment form.

Bonus amount is equal to 100% of the deposit sum, but can not exceed $500 (or equivalent in the account currency).

The profit can be withdrawn at any time, but the welcome bonus can be withdrawn only after the required trading turnover is achieved. The required trading turnover can be calculated upon the formula: .

Example:

The trader made a deposit $200 and received welcome bonus $200. Required turnover = 200 * 50,000 = $10,000,000 (which is equivalent to 44 lots of EURUSD in metatrader)

Examples:

BUY 1 lot EURUSD (1 lot = 100,000 EUR) position opened at a price of 1.1257 and closed at 1.1283.

SELL 5 lot USDJPY (1 lot = 100,000 USD) position opened at a price of 109.806 and closed at 109.352.

BUY 3.5 lot GBPUSD (1 lot = 100,000 GBP) position opened at a price of 1.2978 and closed at 1.2985.

Example:

The trader made a deposit $500 and received welcome bonus $500. In case the equity goes down to $500 (value in the credit field), welcome bonus will be automatically cancelled, and all positions will be closed forcibly (stop out).

Risk warning: trading with complex financial instruments such as stocks, futures, currency pairs, contracts for difference (CFD), indexes, options, and other derivative financial instruments involves a high level of risk and is not suitable for all categories of investors. You must realize that there is a probability of partial or complete loss of your initial investments and you should not invest facilities that you can't afford to lose. Until you begin to carry out trading transactions, make sure that you fully realize the risks associated with this type of activity.

Forex trading without deposit | no deposit bonus explained

It’s generally known that in order to get started in forex, you need to put a lot of resources into it. And while these resources can be your time and energy, the most straightforward one is, of course, your money.

It’s no surprise that one regular lot is equal to 100,000 currency units – forex trading is definitely an expensive endeavor. However, there are still some ways in which you can start trading forex while maintaining some sort of profitability without spending hundreds of thousands of dollars.

No deposit bonus in a glance

In forex trading you can, in fact, start trading with no money of your own or even making a deposit. With free no deposit bonus offered by the top forex brokers, you can start forex trading without deposit with a good boost.

There is no sense in hiding the fact that FX trading is risky, especially if you are trading without proper knowledge and at least minimal experience. In an attempt to prevail over the risk of losing your money and to stay safe, it is undoubtedly better to start trading with a free forex account or no deposit bonus offered by various FX brokers. Especially if such deals are not so rare at this time and even best forex brokers sometimes offer such deals.

It is always better to preview all conditions that offer you an option to trade without money of your own. So, be sure to start forex trading without a deposit now and get yourself a good and reliable deal!

But let’s say that although you’ve learned how to start deposit free forex trading, it’s still too risky for you. Thankfully, there is an alternative. One way to start trading with a broker is by opening a free forex demo account for beginners. A demo account will allow you to try your hand at trading on the real market without ever touching real money. One of the best brokers to try a free demo account with would be FXTM. If you don’t want to be working with FXTM and want access to a reliable forex broker that offers its services around the globe, alpari offers a similar service, including forex trading demo accounts. If you are a US citizen that wants to trade with local brokers, then you should go for forex.Com, who offer their services within the US and are known to be one of the best brokers in the world.

Transparent pricing and fast, reliable trade executions on over 80 currencies

Start trading with the largest forex broker in the US

How to start forex trading without deposit: tips & recommendations

As a matter of fact, a lot of brokers worldwide try to offer their clients those no deposit deals, and we’ve even seen some trading apps without deposit popping up here and there. Do not perceive this as an act of generosity though, those bonuses serve as a sort of protection for them also. But still, this is good for you if you want to start forex trading without a deposit.

Here are some of the main considerations that can help you spot a decent no deposit bonus:

If you somehow dislike conditions and terms offered by the broker – simply skip the promotion. Let’s investigate the ways that may help you find the best bonus in FX. First of all, bonuses must be easy to understand and transparent in general conditions. If you see non-explicit information presented, avoid the promotion or ask the broker for clarification.

If you wish to take part in the particular promotion and start forex trading without investment, then do not overlook terms and conditions. Even the smallest detail must be in your sight. A free bonus is actually not always 100% free. Some brokers may ask you to deposit some money in order to collect your profits. Indeed, such promotions are scams.

Be attentive, because some forex brokers can demonstrate a good opportunity with their no deposit bonus, however it may ask to complete the trading volume requirement. Stay away from the bonus that asks to complete more than 1 lot for $10 to further unlock the profits and balance.

Bonuses can vary in terms of geographical location requirements. Therefore, ensure that FX bonus accounts of the broker are given in your country as well if you desire to start forex trading without investment. Furthermore, there can be account restrictions. This means that no deposit bonuses may not always be available for every account at a particular broker. Thus, check whether you applied for a correct account.

In addition, make sure what instruments can be traded to withdraw your profit before you begin trading as sometimes FX bonus accounts are not available for some of them. As for the withdrawal, some forex bonus brokers limit the maximum profit available to withdraw from the account. So, do not miss this field before you start trading on your no deposit FX bonus account.

Bonuses are frequently represented only in 1 currency equivalent. However, there are many no deposit bonuses that evaluate a similar amount in your local currency, so doing your research in order to figure out how to join forex trading without making any deposits is a good way for ensuring success in the long run.

Not ready for live trading? Try IQ option demo account!

Practice your trading skills with free $10,000 practice account!

How to start forex trading without a deposit?

As one of the cases, no deposit bonus may come with SMS verification. It is recommended to make sure that you have the right phone number prior to start applying for the bonus.

One of the last tips that can help you find a trustworthy no deposit bonus, or at least help you get through a scammer, is to save the terms and conditions document as a .Pdf file. Do this even if you deal with the best no deposit forex bonus account. You can use the help of your account manager and ask him to confirm all the statements of the bonus promotion in which you participate.

Start forex trading without deposit: introduction to best no deposit bonuses

Although there are very good no deposit bonuses offered by industry leaders and most proficient brokers, you should understand one fact: FX bonuses without a deposit are most frequently offered by bad brokers. That is the very reason why you should be very careful not to get entangled with a scammer.

All this leads to us stressing how important it is to be attentive at all times, so be attentive to details when researching how to start trading with no deposit bonuses. Fortunately, we have examples of the best brokers/investment firms.

Start forex trading without investment: XM forex broker

To begin with, XM is recognized by the united kingdom-based organization – investors in people for its powerful efforts in developing individuals to realize their entire potential and achieve both individual and corporate goals. We should also admit that this organization provides a huge amount of proven tools and resources specially designed to complement its unique framework with an aim to boost performance and indeed maximize sustainability. XM achieves this standard by showing that it is a driving force in the online trading sector and is committed to the provision of services and products of the best quality. How to start forex trading without money? If you are interested, you can claim the XM 30 USD no deposit bonus!

Get your 30 USD no deposit bonus with XM, and start trading today

*clients registered under the EU regulated entity of the group are not eligible for the bonus

No deposit bonus as an alternative – is it worth it?

So, now that you know what no deposit bonuses are and how they work, one question remains active: is it actually worth it to sign up for one yourself? Will you get any significant benefit from it?

The answer to that question is subjective; some traders can definitely find use in this type of promotion by amassing a small account balance and then turning it into a full-blown trading career. But in order to do so, you need to be very careful not to catch a scammer instead of a legitimate promotion issuer.

As for other traders, they often prefer spending their own money, which gives them more incentive to be more careful in the market – after all, it’s their own money they’re risking.

So, suffice to say no deposit bonuses have their time and place; one just has to seize that exact moment.

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Quotes online

instrument	bid	ask	spread	percentage
BTCUSD	31157.426	31175.654	5.5	-23.58%
ETHUSD	931.000	933.300	0.7	-28.09%
LTCUSD	119.09025	119.32975	0.2	-33.14%
BCHUSD	413.805	415.845	0.7	-26.83%
ETCUSD	6.352	6.606	0.1	-17.50%
XMRUSD	144.633	146.397	0.6	-0.92%
ZECUSD	79.813	81.418	0.5	+4.53%

instrument	bid	ask	spread	percentage
eurusde	1.21716	1.21721	0.1	-0.81%
gbpusde	1.35271	1.35282	0.1	-0.26%
audcade	0.98496	0.98510	0.1	-0.07%
nzdusde	0.71851	0.71871	0.1	-0.89%
eurjpye	126.699	126.716	0.1	-0.51%
eurchfe	1.08220	1.08237	0.1	-0.27%
USDRUB	74.43078	74.73470	0.2	+0.84%
USDCNY	6.4738	6.4756	0.1	+0.07%

instrument	bid	ask	spread	percentage
#AA	24.77	24.80	0.1	-1.47%
#CSCO	45.76	45.78	0.1	+1.51%
#MCD	214.67	214.77	0.1	+0.70%
#MSFT	218.01	218.04	0.1	-0.47%
#APPLE	129.62	129.66	0.1	-1.86%
#FORD	9.16	9.18	0.1	+1.10%
#TESLA	840.63	841.02	0.1	-1.32%

account	profitability for the last 3 months	age
LO 2.0:4752263	271.85%	100 days
aisha is'haqu mohammed:4428442	169.63%	772 days
blackrock:532377	163.96%	1421 days
jesus christ:4761844	143.46%	139 days
rafalk:4461092	132.82%	749 days
dimongerforex:4662305	75.9%	264 days
antoniobb:4740868	55.13%	189 days
hhay:4382011	46.46%	409 days

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Risk disclosure: before starting to trade on currency exchange markets, please make sure that you understand the risks connected with trading using leverage and that you have sufficient level of training.

- grandcapital ltd. 24598 IBC 2018 (suite 305, griffith corporate centre, P.O. Box 1510, beachmont, kingstown, st. Vincent and the grenadines)

- grand capital ltd. 036046 (suite 102 aarti chambers, mont fleuri, victoria, mahe, seychelles)

- this information is intended for investors outside of the united states who are not the US/japanese citizens and residents.

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

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

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

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

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

Is bonus with no deposit on forex a scam?

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

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

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

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

How free bonus is important?

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

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

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

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

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

Terms and conditions for free forex bonuses

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

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

Discover more about the free bonuses

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

Is forex free bonus is a welcome bonus?

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

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

Does forex broker give no deposit bonus without verification?

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

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

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

Can I make money with a free bonus?

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

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

What is the best thing in a free bonus?

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

So you have to start with a free bonus wisely.

Conclusion

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

You can start live trading without any deposit

You can change your broker platform of a broker

You can earn some money and grow your confidence

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

You can start trade without pressure and risk free

You can develop your trading plan, strategy, and pattern

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

so, let's see, what we have: compare the top rated forex trading bonuses in 2021. We consolidate and rank the best forex bonus deals right here in our expert bonus guide. At forex trading bonuses