Forex welcome bonus no deposit 2021

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.

Top forex bonus list

Top 10 Forex Brokers with No Deposit Bonus; A Synopsis, forex welcome bonus no deposit 2021.

Hence, forex bonuses list out certain terms of conditions that one needs to be aware of.
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.

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.

FXTM

Avatrade

Octafx

Forex no deposit bonus

No deposit bonus on forex trading are an vital way to learn about the forex trading. It is accurate that, when someone trade with real cash, he can feel the intellectual fact and the power related to the fight back for gaining real money from terminals like meta trader 4 or 5. No deposit forex bonuses, maybe are the best chance to start trading without the risk of losing your own real life income. Here you will get the best no deposit required forex bonuses offered by a variety of forex brokers. Those information are on a regular basis reorganized.

Would like to trade on forex, but do not challenge to make the first investment? New bonus from best brokers will help you get started.

Forex no deposit bonus promotion offer of 2021:

The year of 2019, world famous brokers are rewarding offering lots of free non-deposit welcome bonus promotion from the last year such as $20, $30, $35, $50, $60, $100, $500 even $2019. We gathered the newest and best bonus promotion test out; which broker gives free bonuses :

$100 USD FBS no deposit bonus: FBS gives you free $100 USD to trade real money and real account to start your forex expedition.

$30 US-dollar roboforex no deposit bonus : roboforex announced the all new clients-experience one of the best trading environments in the industry risk-free with their $30 no deposit bonus.

$75 USD fortfs no deposit bonus : fortfs is very glad to announce 75 US-doallar no deposit bonus by re-post broker post on facebook or VK online social media.

$2019 USD freshforex no deposit bonus: freshforex is delighted to all new clients amazing offer $2019 US-dollar no deposit welcome bonus. The promotion offer for the entire year of 2019. Start your trading big journey now powered by freshforex.

$30 USD tickmill no deposit welcome bonus promotion offer : tickmill is contented to announced $30 forex no deposit welcome bonus to all new clients, get a risk-free and not losable chance for star your forex trading expedition.

$500 USD instaforex no deposit bonus : instaforex is happy to reward to all new clients amazing no deposit (welcome) bonus up to $5000. Sign-up a new live trading account and claim for up to $5000 USD no deposit (welcome) bonus.

$50 USD superforex no deposit welcome bonus : superforex pleased to announced $50 no deposit welcome bonus promotion and profit withdrawable bonus. New traders can start their forex expedition by claiming no deposit welcome bonus.

AMEGAMENIA no deposit bonus $133 USD : amegafx is offering this promotion that $133 free no deposit bonus to each new client. In the promotion offer period will valid for 90 days only.

$50 USD tradeland no deposit welcome bonus offer : receive $50 free welcome no deposit forex bonus offer. Fresh traders can withdraw bonus up to $50 USD by finishing 05 lots in 03 months after getting the bonus promotion offer.

$30 USD windsor no deposit bonus : windsor brokers presents $30 welcome no deposit bonus. A risk-free chance to experiment their services, trading tools, customer support, and withdrawal procedure.

$100 USD fildelis CM no deposit bonus : $100 US-dollar free no deposit welcome bonus promotion announced by fidelis capital market. A good quality opportunity to start a risk-free and real trading expedition.

$100 USD teletrade no deposit bonus promotion offer : the $100 US-dollar forex no deposit bonus- to receive sign-up as fresh traders on their website and claim for it.

$20 USD FXCM no deposit welcome bonus : it is a limited time promotion offer. The $20 US-dollar bonus is not for each, they will email to their traders who can getting this bonus promotion.

$30 USD TDFX no deposit bonus : TDFX announced $30 no deposit bonus on forex. All traders can experiment their service helpline, withdrawal method, and other trading environment by claiming this bonus promotion offer.

$30 USD XM group no deposit bonus : xmgroup is pleased to reward all new valued clients with the incredible $30 welcome bonus. Xmgroup offers a welcome bonus of $30 the easiest way to progress on forex in real trading with no risk and personal investments.

Once you open the welcome or no deposit account, it will be accredited with the bonus money. You cannot withdraw these $100, $30 and $30 dollars. They are your first capital to start the trading. The profit earned in the future with this $100, $30 and $30 US-dollar, can be withdrawn if the following conditions are met:

The earned money will be available for withdrawal within 30 days after the opening of the welcome account. To withdraw it, leave a comment on your experience with the FBS, tickmill and roboforex company in forums mentioned in the list.

Make trading operations of 1.25 lot in total and write a review on welcome or no deposit bonus from FBS, tickmill and roboforex, pointing the number of your account in one of the tradersвђ™ forum.

What does non-deposit welcome bonus promotion provide?

No deposit bonus bonus will be beneficial both for beginners and for experienced traders.

You can start trading with no investments. Most of the beginners do not challenge to trade and invest real money. And it is not essential with no deposit or welcome bonus.

You will apply in trading, analyze mistakes and know in which direction you should go. You may even be able to test your own or someone elseвђ™s trading policy.

If you have long been trading on forex and want to find a polite broker, no deposit bonus will help you. You have not to invest your money in order to see the trading situation of the broker in real trading. Just open a no deposit or welcome account and start trading. Thatвђ™s sufficient to get up to date with the broker.

Not many tips for those who want to make a profit with no deposit bonus : to get a bonus is an simple thing. But then your main task will be to make a earnings with this no deposit bonus. You will be able to withdraw the earned profits only if you meet all the conditions of the bonus. Therefore, we powerfully recommend you to read carefully the bonus situation. The link you will find above. If you have any questions on the terms or you can not know something, pleaseв contact support teamв or write atв this email.

Benefit and detriment of no-deposit welcome bonuses : we know that the whole thing has benefit and detriment right? This promotion are still not further than it.

Advantages of no deposit bonus :

It is a huge prospect for a client to move out an additional platform.

Traders can discover calm new trading styles and strategies, etc.

It is astonishing and totally free.

It is 100% safe to lose your money.

All clients can call it is an energetic tonic to come-back trading and amplify trading knowledge.

Disadvantages :

New traders should always start with a demo account, but вђ˜the newbie traders canвђ™t go on itвђ™, this is the main disadvantages of the bonus. They feel affection for those forex no deposit bonus to trading purpose. This might forestall them from knowledge the accurate system of risk management. This can be why as a novice clients; you should to not opt for this sort bonus.

Conclusion: the no deposit bonuses are surely a magnificent chance, but not for a new trader. In the early hours, decide on a proper broker, read carefully terms and condition before register. And take the opportunity to learn genuine trading. You make a decision by yourself in what way to make a profit. Many traders take the high leverage or trade using scalping policy. We just would like to warn you that this is a high-risk move toward. Therefore believe carefully about your actions before opening the transaction. We expect you to get as much as possible profit with forex market.

Forex brokers with welcome bonus

In order to get the welcome bonus, you must have a good understanding of forex brokers with welcome bonus. First, you need to know what a welcome bonus or no deposit bonus is.

What is a welcome bonus

A welcome bonus is given to you by a broker when you enter the forex market as a newcomer. If you do foreign exchange transactions as they expect, you will actually get that offer in the end.

In addition, it gives you the opportunity to have a good experience. Below is a list of brokers who will give you this welcome bonus.

What should I check when choosing a welcome bonus?

Terms and conditions, the bonuses with the detailed rules are much more reliable

Possibility and requirements to withdraw the bonus

Countries where it is available

Verification procedure, required documents

Possible fees for an inactive account

Best 5 forex brokers with welcome bonus

XM

Founded in 2009 and it is regulated by cysec and ASIC, in addition, they provide demo account facilities for beginners and 2 trading platforms and meta trade 4, meta trade 5 platform facilities, addition they have 700 financial instruments, and over 80 currency pairs.

XM broker offers a $30 welcome bonus for new clients.

FXTM

They founded in 2011 and this is regulated by cysec and FCA. FXTM provides trading platform meta trade 4, meta trade 5, and meta trade mobile global forex trading platforms also they have over 55 currency pairs.

They give excellent customer service, in addition, they provide their clients with multiple and free demo account facilities. So you can connect with FXTM and get the best opportunities from them.

FXTM broker offers a $300 welcome bonus promotion for new clients.

FBS

FBS founded in 2009 and they serve best chance for their clients. This broker regulated by cysec .FBS provides their clients powerful platform ,meta trade 4 and meta trade 5 facilities.

In addition, they have over 37 currency pairs and over 41 trading tools, the broker provides a great education for beginners and educational videos.

FBS broker offers a $100 welcome bonus for new traders.

Fxopen

Fxopen established in 2005 and it is a regulated broker in cysec. Fxopen broker provides a mobile meta trade 4 and meta trade 5 web trading platforms.

In addition, they offer over 50 currency pairs. This broker provides great customer service for clients. Demo account facilities and educational videos include their service.

Fxopen broker offers a $10 welcome bonus for new clients.

Worldforex

Worldforex founded in 2007 and it is regulated in VFSC. They provide more than 70 currency pairs and also meta trade 4 trading platform.It is available in desktop and mobile versions. They supply educational videos and trading tools.

In addition, they provide best customer service for their clients.

Worldforex broker offers a $10 welcome bonus for new clients.

Can I withdraw no deposit bonus?

It depends. Some bonuses can be paid out and others cannot. On the other hand, almost always profit is withdrawable.

Free welcome forex deposit bonus

Welcome deposit bonus of forex

An excellent greeting is constantly appreciated, so every forex traders offer to every new traders a free $10, $25, $30, $35, $50, and $100. It doesn’t matter whether you have never traded before or have never traded with AAFX, amegafx, FBS, FORTFS, grand capitals, hotforex, instaforex, NBHM, TICKMILL and etc particularly if this is your first account you can get the free welcome forex bonus and use it for trading.

This isn't a preparation account, everything here is for actual you work actual cash and get real benefit. We have faith by and by, so forex brokers offer their new traders a decent commendation to help their trading and give them a smooth beginning with all brokers.

In the event that you are an amateur trader, this reward is an incredible opportunity for you to evaluate your abilities and discover increasingly about trading, each specialist stage and market without making any genuine investment. Progressively real practice and genuine choices less dangerous for the tenderfoots. Each broker gives their new trader time and assets to investigate the administrations they give and what can be a superior method to do it than just attempt?

Use $25, $35, $50, and $100 to trade on their platform, discover 46 different trading instruments and get more familiar with the brokers that mentioned AAFX, amegafx, FBS, FORTFS, grand capitals, hotforex, instaforex, NBHM, TICKMILL and etc.

How to get free welcome forex bonus?

Register: fill in a short sign-up structure on this page and expected bonus

Get bonus: your free $25, $30, $35, $50 and $100 will be credited to your account automatically.

Make benefit: utilize the reward to support your profit.

When you get your free $25, $35, $50, and $100 reward, you can utilize it to begin trading with alluded brokers. You can make deposits, trade with 1: 400, 1:500, 1:1000 leverage, and make a profit without any initial investments required from your side sounds like a good start, doesn’t it? The benefit you cause utilizing this reward to can be pulled back after 2, 5, 10, 20 lots are traded and the benefit comes to over $25, $50, $75, $100. After the principal withdrawal the reward will be dropped. You should simply open a reward account, affirm your telephone number and email, and confirm your personality.

Forex welcome bonus no deposit 2021

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Forex recent information

Forex featured brokers

Forex is the most popular currency exchange market. It becoming more popular day by day. Currently averaged $6.6 trillion currency traded per day from april 2019.

But, this industry is technical and more professional. So, to make it interesting and easy forex broker offers bonuses and contests for traders.

At forexnewbonus.Com we published all types of bonuses and contests. Here you will get all the latest forex news, bonuses, contests, broker comparison, guide, etc. Mostly forex no deposit bonus and forex deposit bonus.

What is forex no deposit bonus?

Forex broker offers no deposit bonus to start live trading free. This bonus is completely free, broker provides free credit to a live trading account.

You can trade currencies, cfds, stock, indices, metals, gold, silver, oil, commodity, and more. This is a very good opportunity to risk free trading.

What is forex deposit bonus?

Very interesting bonus from brokers. You will fund your account for trading and the broker will give you some free money to enjoy it. This bonus increase trading funds and leverage.

All deposit bonuses are tradable as the offer conditions. Sometimes broker offers deposit bonus include loyalty VIP bonus.

How to find the best forex bonus?

Finding the best bonuses is important for traders. You can visit on the web, read reviews and broker platforms. But this is difficult, so we made it easy for traders.

To finding the best bonus check our website regularly. We publish new and a lot of bonuses offered by brokers.

Forex no deposit bonus in 2021

Risk warning: losses could exceed deposits.

Haroun kola

Questions?

Risk warning: losses could exceed deposits.

How to trade forex for free

If you always wanted to trade forex, but just don’t have the money to start or you want to try out the live servers instead of demo servers then these brokers have made it possible for you to do just that.

These accounts come with their own terms and conditions and I urge you to read each of them so that you know exactly what to expect from these accounts.

Don’t expect to be able to withdraw this amount, you may be able to withdraw profits, but there WILL be trading volume restrictions and most of them (ALL I think) will want you to make a deposit of your own cash before they make any of the proceeds of this bonus available to you.

Tigerwit

Tigerwit have just announced a new $25 no deposit bonus for ALL new traders to try out their live trading conditions. It could also be a celebration of liverpool winning the EPL after a 30 year wait, but whatever the reason, I’m thrilled they’re doing this.

They have a copy trading solution and in partnership with an EA provider we’re experimenting to see how profitable it could be. More details will be provided to every trader that signs up for this free trading account.

Markets.Com

My favourite broker for this kind of bonus is markets.Com who are offering a R250 in trading credit.

Now I’ve never tried one of these accounts myself, I’d much rather learn with at least a reasonable amount of funds to see me through any consecutive number of losing trades, but I definitely know that other’s are looking for this. So, if you take this up, I’d love to know what your experiences are.

Tickmill

Experience one of the best trading environments in the industry risk-free with tickmills $30 welcome account.

No need to deposit funds

No risk of losing your money

Profits earned can be withdrawn

Trade for free with XM

XM is offering a $30, no deposit bonus to try out their services. Many brokers are now offering this risk free way to give you a taste of their services.

You probably won’t get rich from this free account, you’ll need a decent size account of at least $500 if you want to start making some real money but if you haven’t ever traded before or you want to see what their service is like, sign up with XM.

Instaforex offers A no deposit bonus

Instaforex, asia’s favourite broker also offers a no deposit bonus. There’s is one of the most generous at $1000, but before you get too excited, listen up to what their terms and conditions are.

As soon you reach a 10% profit, ie. $100 in profit, your account won’t allow you to trade any longer until you make a deposit of at least $100.

If you’d like to take advantage of this, then open an account here.

$10 free from fxopen

It’s very easy to apply for the $10 no deposit bonus from fxopen. All you need to do is register an fxopen ewallet. Verify your mobile no and finally, open an STP trading account.

You may withdraw all profits after trading 2 standard lots. The initial $10 USD bonus can’t be withdrawn though, it’s not your money, honey.

I must re-iterate, these trading accounts won’t make you rich for free. You’ll have to make a deposit and trade a certain amount to be able to withdraw either the free deposit amount or

IG sign up bonus

IG does not offer a first time sign up bonus.

When registering a real account with IG, traders are unfortunately not offered with a welcome bonus, or a deposit bonus with the first deposit into the trading account.

A welcome bonus, no deposit bonus, or deposit bonus is the best way for companies to attract new clients and to encourage existing traders in trading more actively and trade larger volumes.

Brokers often offer seasonal bonuses and traders would need to keep an eye on the broker websites or sign up to receive communication should promotions or bonuses become available.

3 best rated forex brokers

Referral bonus

IG does not offer a referral bonus at the time. The referral bonus offered by numerous brokers revolves around traders referring a friend or family member in registering a real account with the broker and subsequently rewards both the trader and the referral.

There are often strict terms and conditions involved with such bonuses and both referrals and traders need to comply to strict criteria before the bonus terms can be met. Only live trading accounts qualify for such bonuses, demo accounts are not considered eligible.

Additional bonuses, promotions and rewards

IG does not offer any additional rewards and although provision is not made for either a broker bonus or a trading bonus, IG has trading conditions that are reasonable when compared to other brokers.

Although traders who open a demo account will not be eligible bonuses, it may encourage them to register for a real account to be able to benefit from first time sign up.

IG does not offer loyal customers cash backs or other trading bonus schemes which may ensure the steady use of trading accounts and encourage trades in higher volumes, and this may deter traders from using the trading account beyond the initial deposit.

This can however be offset by the trading conditions that IG offers in comparison to other brokers when comparing both trading and non-trading fees.

Pros and cons

PROS	CONS
comprehensive and competitive trading conditions along with numerous ways through which to trade	no rewards for loyal customers
no trading bonus
no broker bonus
no welcome bonus, deposit bonus, first time sign up bonus, no deposit bonus or referral bonus

Conclusion

IG is one of the most well and strictly regulated brokers in the trading industry along with offering traders numerous ways through which trading can be facilitated. IG offers some of the best trading conditions with competitive fee schedules and low commissions.

In using IG to facilitate trading activities, traders can be assured that their funds are safe and that they are covered in the unlikely chance that the broker become unable to fulfil its financial obligations.

Despite only offering a few asset classes, IG makes provision for over 17,000 financial instruments along with offering the use of some of the most powerful trading platforms.

Even though IG does not offer any bonuses or promotions, the comprehensive trading conditions provide traders with a competitive edge and a dynamic trading experience which suits various trading styles and different levels of experience.

Home » forex » �� IG sign-up bonus – forex no deposit bonus ( 2020 )

FOREX NO DEPOSIT BONUS

A forex no deposit bonus is “free money” that brokers offer new traders to encourage them to start trading forex on a live account. It’s given solely to new traders as a ‘welcome bonus’.

A no deposit bonus is regarded as a powerful leverage available to new traders and allows them to start trading forex almost instantly without an initial investment. It does come with rules and restrictions and new traders qualify for the bonus based on certain criteria.

Forex no deposit bonus is common practice in south africa, malaysia and indonesia but isn’t available to residents in the eurozone and united states. It incentivises new traders to switch over to a real forex live account from a demo account without massive financial risk.

This type of forex trading promotion is available to new traders who meet certain requirements to open a real forex account and the free money can only be used under certain trading conditions, as specified by the broker. Forex traders cannot withdraw the free bonus money that’s put into their account by the broker.

10 best forex no deposit bonuses in south africa ( updated 2021 )

What does a no deposit bonus entail?

The forex no deposit bonus means a new trader does not need to make a deposit to activate a real live account and in effect, gets ‘free money’ to begin trading. The bonus amount is usually small, ranging from $10 to $50.

The ‘welcome bonus’ encourages new traders to open a live account with a broker and place more trades in a short period of time, while limiting their risk of losing their own money at the start.

After providing your name and email address to a broker, a real live trading account is opened. Some brokers require documents such as utility bills, ID or proof of residence to verify a live account. Some open an account with a no deposit bonus without verification.

Thereafter, ‘free money’ in the form of a no deposit bonus is deposited into the account. How much you receive depends on the broker’s promotional offering. It can be as high as $50.

Who qualifies for a no deposit bonus?

The no deposit bonus is only offered to first-time forex traders who sign up and register an account with a broker who offers the promotion. If you’ve been given a no deposit bonus before by a broker, you are not entitled to it again.

Trading with a no deposit bonus

Once the deposit is in your account, you can start trading live and in real time on the forex market. Continuing on from trading through a demo account, a new trader can experience real live trading without risk until the bonus period ends. Mistakes made don’t cost the new trader money out of his or her pocket but it is a loss to the broker.

Why do brokers offer a no deposit bonus? Well, it’s part of a broker’s long-term relationship to build a client’s confidence and experience live trading on multiple financial instruments while minimising risk in the early days of trading. New traders are more inclined to trade more often with ‘free money’ and gain invaluable experience before making a deposit with their own money.

Why do brokers offer a no deposit bonus?

A no deposit bonus is also known as a ‘welcome bonus’ and is a popular method used by brokers to attract beginner traders and encourage them to trade multiple financial instruments using a real live account.

Most new traders begin their forex trading journey using a demo account. A no deposit bonus is the perfect incentive for beginners who want to practice trading forex with a real live account but are wary of using their own money.

New traders get the opportunity to actively engage in the forex market for a period of time and keep any profits made at the end. The no deposit bonus expires after 30 or 60 days, depending on the broker’s bonus conditions. This puts new traders under pressure to make full use of the ‘welcome bonus’ before it ceases to exist.

Restrictions on forex trading with a no deposit bonus

Having given you ‘free money’, the brokers are entitled to apply certain restrictions on trading with live account. They’re no onerous restrictions and are designed as much to protect you as themselves.

Brokers offering no deposit bonuses to first-time traders restrict their clients from opening orders with a large lot size. Typically, the maximum limit for a lot size is 0.01 lot.

The downside of a limit on the size of a lot is it makes it harder to make a profit.

Maximum active positions

Certain brokers who offer no deposit bonuses set a limit on the number of active positions that a new trader is allowed to open. This may include pending orders.

This limit does affect a trader’s trading strategy and can somewhat spoil the trading experience when a new trader cannot open more positions, particularly if he or she is using the trend-following method.

Limit on assets traded

Certain brokers who offer no deposit bonuses specify which trading currencies may be traded, particularly in a volatile market situation. Typically, new traders are restricted to the mainstream trading pairs and can’t trade on exotic pairs.

Time limit on no deposit bonus

A no deposit bonus usually has a time limit and will expire after a certain period of time. It’s important to find out what this time limit is because you need to get in as much trading time as possible with the ‘free money’ before you need to commit your own money.

Typically, the time limit on a no deposit bonus is between 30 to 60 days. The longer, the better so shop around for a broker who offers a ‘welcome bonus’ for a 60-day period. This gives you ample time to practices forex trading on a real live account.

Hedging is not allowed

As a general rule, hedging is not allowed when trading on an account with a no deposit bonus. Hedging involves having two trades open at the same time but in different directions.

Hedging is used in certain trading strategies and generally provides short-term relief for forex traders. Hedging helps to temporarily eliminate or minimise risk in the forex market.

Scalping is not allowed

As a general rule, scalping is not allowed when trading on an account with a no deposit bonus. Scalping is a popular trading strategy that allows traders to potentially earn small amounts of profit many times a day. The profit is usually between 5 to 10 pips.

Scalpers hold an open position for a very short time which is a good strategy to use in volatile market conditions. Many small pips can add up to a comfortable profit. The reason why brokers do not encourage scalping on a no deposit bonus account is because it can very quickly deplete the funds in the account.

Leverage is limited

Leverage is usually limited on an real live account with a no deposit bonus. Leverage is where a small amount of money is borrowed from the broker to trade a larger forex position. Leverage is key to trading forex.

When leverage is limited, it means a new trader cannot open a large position. It lowers the trading volume and increases the amount of trades a new forex broker must make to realise a decent profit, if only using the no deposit bonus amount in the account.

Expert advisors are not allowed

Expert advisors (eas) may not be used on a real live account that’s been set up with a no deposit bonus. Eas can be likened to robot trading, where forex trading is automated.

Eas are very useful for beginner forex traders because they simplify the trading process, which includes opening and closing a trade and analysing forex market conditions using indicators.

What happens to profits made trading with a no deposit bonus?

One would think that the brokers would take any profits made on a new account with a no deposit bonus, but here’s the good news; you pocket any profit made. Further proof that brokers are committed to supporting new traders on their forex trading journey as they switch from a demo account to a live account.

You are welcome to withdraw the profit you make but the idea is to reinvest it back into your account and continue trading. You’ll have had enough time to decide if you have an appetite for the risk involved in forex trading and can either continue to trade or you can withdraw the money and call it quits.

As a note of warning, some new forex traders find it difficult to withdraw profits from an account set up with a no deposit bonus. You may be asked to deposit a certain amount of money into the account before you can withdraw profits. The reason for this is simple; brokers want to encourage you to continue trading, not to give up and cash out.

Top 10 forex brokers in south africa : who offers a no deposit bonus

Get a free $10 (1000¢) bonus without making a deposit

Disclaimer

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Forex trading involves a high degree of leverage which increases the risk associated with forex trading.

Top 6 best forex brokers with no deposit bonus for 2021

Top rated:

What better way to start trading than with a no deposit bonus forex broker? This should give you the perfect start to trading with some risk-free funds. To help you achieve that goal, we have put together a collection of the best regulated forex brokers in the market who offer a no deposit bonus to traders.

Beyond looking at more details of these top brokers, we will also provide more information on no deposit bonus availability, and how you can use these bonuses to your advantage when trading.

What is a no deposit bonus?

Very simply, a no deposit bonus is an amount of money which is given to you as a trader just for completing the broker registration process. This means that you do not have to deposit any of your own real funds to gain access to this no deposit bonus.

No deposit bonus: are they available in the EU?

Unfortunately, the answer to this question is no. The no deposit bonus offers are not available in the EU. This is due to the fact that the european market regulator, ESMA, has banned certain types of forex broker bonus offers under the mifid II regulations.

The result is that forex brokers’ no deposit bonus offers, and any kind of registration bonus offers are not allowed for traders who are in the EU.

Please note that the following bonuses are available only to people based outside the EU. Moreover, we do strongly suggest to not judge the broker based solely on the no deposit bonus, but on the suitability to your trading goals and preferences.

Top 6 best brokers with no deposit bonus

Here is a closer look at the top brokers we have selected who do offer a no deposit bonus.

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 forex welcome bonus no deposit 2021