Forex brokers give free bonus

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

Top forex bonus list

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.

Forex brokers give free bonus

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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 bonus – TOP 4 no deposit bonus offers

No deposit bonuses are gifts of free money given away to newly registered traders by certain online forex brokers. Although brokers offer several different types of bonuses, the no-deposit bonus is by far the most popular bonus because it requires no qualifying deposit. Some of the other types of bonuses offered by FX brokers are deposit bonuses, reload bonuses, and refer-a-friend bonuses.

Why forex brokers offer bonuses

Forex brokers offer bonuses for a number of reasons:

Competition – there are so many forex brokers in the industry and each forex broker wants to show potential clients that it is the best. One of the ways of doing this is by offering no-deposit bonuses.

Showcase the product – no-deposit bonuses serve the purpose of capturing the attention of clients who may sign up just to claim the no-deposit bonus and do some risk-free trading. In this way, brokers not only attract new clients, but also give them a chance to trade for free.

Incentive to trade – when an online FX broker offers deposit bonuses, refer-a-friend bonuses, and other types of bonuses to existing clients, it is actually making the trading environment more attractive and giving clients an incentive to stay back and continue to trade.

Best forex brokers with free bonus offers

Our team did a bit of research and came up with the following forex brokers with free bonus offers. Traders just have to sign up to claim the following bonus offers:

Free $100 from FBS forex

FBS.Com challenges new traders to kick start their trading career with its trade 100 bonus. It refers to this bonus offer as a “tool to tone up the brain.”

Traders who claim the trade 100 bonus get the following:

free $100

Develop skills

No deposit required

Terms and conditions apply, and here are a few of those terms:

Instaforex no deposit bonus

Instaforex offers a startup bonus of $1500, and it is a no-deposit bonus. This means that players can claim $1500 without making any qualifying first deposit. They can start trading without taking any risks or making any investments.

This bonus offer comes with the following terms and conditions:

FXTM titans demo contest

Forextime (FXTM) has brought back its titans demo trading contest so that players can trade with virtual funds and make real money profits. If they turn out to be one of the top five traders, they can grab up to $10,000 per round. The first round began on feb 4, 2019 and will end on 29 march, 2019. The total prize pool is $20,000 and the top player gets half of it. The player who finishes second, third, fourth, and fifth get $5000, $2,400, $1,600, and $1000, respectively.

Traders interested in participating must either login to their existing FXTM accounts or create a new one. They should then read and understand the terms and conditions of the contest. Then they should start trading on their demo accounts. The top spot goes to the client who makes the most profits.

This contest works just like a no-deposit bonus as it gives traders the opportunity to trade without risking their own money, test trading strategies, improve their trading skills, and win real money if they make a profit.

Here are some of the terms and conditions of the contest:

A-markets’ predict to profit

Traders can be successful only if they learn everything they can about prediction and analysis. Successful traders do not rely on luck, but on hard work and research. To drive home this point, A-markets has designed a contest called predict to profit.

A-markets will announce the time brackets and financial instruments. It will then receive all the predictions and bets and notify the winners. However, this promotion is meant only for clients who have liked A-markets’ facebook page.

If a participant correctly guesses the price, he/she will receive a no-deposit bonus of $100. If nobody makes the correct guess, the five participants who make close-to-correct guesses will receive no-deposit bonuses of $30 each. Participants have to post their predictions only on A-markets’ facebook page.

Here are some of the terms & conditions of this promotion:

Conclusion

Forex bonus offers are attractive. However, traders should understand that the brokers design bonus offers with the intention of attracting clients and giving them an incentive to trade. Traders should never make the mistake of considering bonuses to be free money even if the broker uses the word “free” in association with the bonus.

Also, brokers never “give away” any money to traders. The bonus you have received from the broker is still the broker’s money mixed with your deposit amount and you have to do a lot of hard trading to meet the lot requirements if you want to make a payout request. Bonus terms are quite tough and unreasonable at several brokers as a result of which new traders have to spend a long time meeting the lot requirements just to withdraw their money.

Trading experts advise beginners never to claim bonuses. But this does not mean that all bonus offers are bad. To be on a safe side, traders should read the bonus terms thoroughly and clarify doubts, if any, with a customer care representative before claiming a bonus. Our advice to traders is to stay informed, research bonus offers well, get familiar with the fine print, and claim bonus offers only if they can satisfy the lot requirements.

Best no deposit bonus forex brokers 2020

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

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

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

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

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

Best no deposit bonus forex brokers in south africa for 2020

XM – $30 no deposit forex bonus

Fxopen – $10 forex bonus

FBS – $100 no deposit bonus

Tickmill – $30 no deposit bonus

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

Best no deposit bonus forex brokers compared

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

1. XM no deposit bonus – $30

Overall rating 9.0/10

Benchmark EUR/USD spread: on average 1.5 pips.

Welcome bonus: $30 (profits can be withdrawn)

Regulation: ASIC

Ranked #1 no deposit bonus forex broker

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

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

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

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

Overall rating 8.0/10

Benchmark EUR/USD spread: on average 1.6 pips.

Welcome bonus: $30 (profits can be withdrawn)

Regulation: FSCA, FCA

Ranked #2 no deposit bonus forex broker

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

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

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

Tips for wisely using the no deposit forex bonus

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

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

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

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

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

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

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

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

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

Frequently asked questions: no deposit bonus forex brokers

Which forex brokers offer no deposit bonus in south africa?

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

XM – $30 bonus: ASIC regulated broker.

Fxopen – $10 bonus: FCA regulated broker.

FBS – $100 no deposit bonus FCA regulated broker

Can I withdraw the no deposit forex bonus?

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

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

Are no deposit bonus brokers safe?

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

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

No deposit bonus brokers comparison summary

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

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

XM $30 welcome no deposit bonus

Forexbrokers.Co.Za is a broker comparison & education website for south africans. We aim to help traders in south africa find the best forex brokers. Read more..

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Risk disclaimer

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

List of forex brokers with no deposit bonus

You do not need to actually have money to start trading forex. In times past, you had to have thousands of US dollars to become a forex trader. But these days, you can even open an account and start trading live without spending your own money; some forex brokers now make no deposit bonuses available to anyone that desire such.

Check below for a number of free no depot forex brokers and the bonuses that you can benefit from them as a nigerian.

Roboforex bonus

Robo forex offers its newly registered clients $30 welcome bonus. You do not need to make a any deposit to receive this bonus and you can start trading in the forex market immediately with the bonus they give you.

Lion binary options

This is another forex broker that offers free no deposit bonus to those aspiring to start trading forex and binary options on their site. They give you $30 no deposit bonus once you have completed the account opening process. The money is paid in batches; first $10, then $20.

Nordfx

This is yet another forex trading broker that offers free no deposit bonus to their newly registered forex traders. They give you access to free money with which you can start trading in the forex market immediately. You will not be able to withdraw the $8, but you can withdraw all the profits you make from it.

Instaforex

This is a leading forex trading broker and well known globally. They offer various bonuses to their newly registered and old traders alike. They offer $10 free no deposit bonus once you open a live trading account with them. Very few people know about this particular bonus, since it is not widely announced by instaforex.

Bullbinary

This is yet another binary and forex broker that offers free no deposit bonus once you open new trading account with them. They give you free $25 bonus on newly opened trading account and you can trade with it without making any deposit with your person money.

You however cannot withdraw the bonus, except the profit on it. You cannot withdraw less than $50 from this account. If you make $100 at the end of the day, you will only be able to withdraw $50 and the rest will turn to zero.

Fort financial services

They offer their newly registered traders $5 welcome bonus. Like it applies to other forex brokers, you will not be able to withdraw the bonus, except the profit you make from it. You must however claim the bonus within 10 days after registering account with them.

You will not be able to benefit from the bonus again after 10 days of opening the new trading account.

Xtrade

This forex broker offers $20 welcome bonus to their newly registered traders. The bonus is only made available after you have completed your registration and account verification. Certain terms and conditions apply to the withdrawal of the deposit and the profit you make from it and you can contact their website to find out about these conditions.

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.

List of forex brokers with no deposit bonus

Check below for a number of free no depot forex brokers and the bonuses that you can benefit from them as a nigerian.

Roboforex bonus

Lion binary options

Nordfx

Instaforex

Bullbinary

Fort financial services

You will not be able to benefit from the bonus again after 10 days of opening the new trading account.

Xtrade

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

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.

All forex bonuses

Forex bonus is a nice way to get some additional capital above what you have initially deposited. Many traders often make the mistake of looking just at the forex bonus offers without paying attention to the type of bonus and the trading requirements that come with it. If forex bonus is something that interests you, here are three things to know about them.

1. Types of forex bonus

Forex bonus comes in two forms; the no-deposit bonus and a deposit bonus. They can go by different names, but the basics are the same. With a no-deposit bonus you are given free real money to trade forex. This is usually done after your verify your account information and in some cases, validate your account details by submitting verification documents. You can trade the no-deposit bonus without having to make a deposit, but you cannot withdraw the funds unless you make a deposit and trade a certain number of times.

A deposit bonus means that the broker give you a bonus based on your initial deposit. For example a 30% deposit bonus means that when you deposit $100, the broker gives you $30 in bonus. Of course, you can use this money alongside your trading capital (which comes to $130), but you won't be able to withdraw this $30 bonus unless you meet the trading criteria.

2. Always read the forex bonus terms and conditions

It is essential that you take the time to read the trading conditions for the forex bonus that you claim. Many traders fail to do this due diligence and end up complaining about the forex broker. A lot of inconvenience can be avoided when you read the terms and conditions. Most forex brokers typically require trading a certain volume. It can be 5 times the bonus amount in trading lots. For example a $30 bonus will mean you will have to trade 60 lots (5 times 30) before you can withdraw the bonus or the profits. The rules vary from one broker to another so always read the fine print.

3. Do you really need a bonus?

>forex bonus can be good and bad. It can be good because claiming a no-deposit bonus can be a way to test the broker's trading conditions. You can also claim the no-deposit bonus just to trade with real money and not risk anything at all (except your information of course).

On the other hand, claiming a deposit bonus will lock in your initial capital as well. Think about it for a second by going back to the example in #2. Can you really trade 60 lots with a trading capital of just $130? It is next to impossible. Chances are that you are more likely to lose your entire capital than take any advantage of the bonus.

The influence of forex bonus entirely depends on the trader. At allfxbrokers.Com you can see a list of the forex brokers and the types of bonuses that they offer. If you find a particular bonus to be attractive, click on the ‘read more’ button to know more on the bonus terms and conditions and how you can claim the bonus.

Last but not the least, always be careful when you trade a forex bonus and claim the bonus only when you are fully aware of the terms.

In recent years it has become common for brokers to offer bonuses to clients, which sends an indication that brokers offering bonuses are really keen to get traders on board at any expense. However, a lot of the very large and well established brokers do not offer bonuses and in fact frown upon bonuses.

When you understand that some brokers profit directly from client losses and the majority of clients lose money it becomes clear why some brokers use bonuses to get traders on board. On the other hand the STP brokers only profit from clients’ trade volume so since their profits are not directly based on deposits and losses they cannot afford to give bonuses, and should not be giving bonuses.

It’s important to understand what a bonus is and how it can be used, as its easily misunderstood. First thing you need to know is that bonuses cannot be withdrawn and in most cases expire after a defined period of time, such as one month in many cases. So, if you go to a broker offering a 60% deposit and make a $1000 deposit, your trading account will typically receive a withdrawablebalance of $1000 + a credit of $600. This allows you to hold open positions that require a margin of $1,600, even though you deposited just $1,000. However, it is important to understand that holding positions that require more margin than you have available is putting your account at greater risk of being stopped out. In fact by having a bonus has almost the same effect as increasing the leverage of an account. However, the bonus (credit) is typically withdrawn after a defined time period so all of a sudden any losing positions suddenly become more risky or get stopped out. Therefore, a bonus is in effect a temporary increased leverage and really does not help the trader much.

It is for that reason that we do not recommend using brokers that offer bonuses. The main reason is that brokers that offer bonuses are usually market makers hoping for you to lose money, and the second reason is that there really isn’t any benefit and can disrupt you trading strategy and psychology. Traders are far better looking for a broker offering a higher leverage than a bonus.