Welcome bonus forex broker
FXTM broker offers a $300 welcome bonus promotion for new clients. They give excellent customer service, in addition, they provide their clients with multiple and free demo account facilities.
Best forex bonuses now
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.
Welcome bonus 30 USD
Welcome bonus deposit without having to invest your own funds to the account!
Welcome bonus 30 USD is a special welcome deposit for roboforex clients, which is given on an individual basis at the discretion of the company. Join the program and you’ll get a chance to receive initial capital for trading!
Opportunities for roboforex clients
The initial capital
Without investing your own funds to the account.
Withdraw the profit
You earned when trading using your own and extra funds without any limitations
How to receive welcome bonus 30 USD?
Activate the code in members area
Go to "extra funds" section and enter the code (it was sent by e-mail and via SMS) into the corresponding field.
Open a new account at roboforex
Welcome bonus 30 USD is available for all metatrader4-based trading accounts of pro types. If you don’t have any accounts of these types yet, you can open one right now.
Rules of the program and examples of calculation
General provisions
Welcome bonus 30 USD (hereinafter called welcome bonus) is a special welcome deposit for roboforex clients, which is given on an individual basis at the discretion of the company.
The amount of welcome bonus is 30 USD or 3,000 cents (depending on the account type).
Welcome bonus can be transferred to the account with EUR as the base currency. In this case, the amount will be converted into EUR according to the company’s internal exchange rate.
Welcome bonus can be received only to the following types of metatrader4-based accounts with USD or EUR as the base currency: pro-cent, and pro-standard (except for copyfx and contestfx accounts).
More about roboforex accounts types
Each client can receive welcome bonus only once.
The offer is valid for clients from all countries, except for republic of indonesia and islamic republic of pakistan.
Welcome bonus is only available for the accounts with the leverage up to and including 1:1000.
Receiving welcome bonus
To receive welcome bonus, you have to activate the special code in your members area. The code is sent to the participant’s e-mail address, which he specified during the registration.
To activate the code, you have to do the following:
- Go to "extra funds" section of your members area.
- Enter the code into the corresponding field.
- Read the conditions of the program and tick the box if you agree.
Welcome bonus is transferred to the client’s account within 5 business days.
Validity period of the code is limited to 30 days. If the code is not used during this period, it will be automatically cancelled and marked as "expired".
Working with welcome bonus
clients can use in trading both their own funds and welcome bonus extra funds without any limitations. In this case, the extra funds can be used during "drawdown" – i.E. If the equity on the client’s account becomes less than welcome bonus extra funds, the extra funds will not be written off from the client’s account until stop out takes place.
During "drawdown", the client’s own funds will be written off in the first place, including the cases when these funds were deposited after receiving welcome bonus.
Show an example
Example: you deposited your account with 1,000 cents and received 3,000 cents as welcome bonus. After trading, your profit is -500 cents. This loss will be covered by means of the client’s own funds and the sum available for withdrawal will be 500 cents, which is the client’s own funds minus the profit.
There are no special commission for withdrawal for the participants of the offer.
Cancellation and writing off
Once stop out takes place, all welcome bonus extra funds will be written off from the client’s account.
The client has the right to reject the received welcome bonus at any moment.
The profit received from trading using the extra funds and the client’s own funds will not be written off from the account in none of the above-mentioned cases.
Please note that roboforex reserves the right to, at any time and without any given reason, refuse to grant welcome bonus or write off from the account of the previously issued welcome bonus, as well as revoke (cancel) all transactions that have been made using the welcome bonus extra funds. This condition is considered to be accepted (agreed with and accepted) by the client starting from the moment of depositing the “welcome bonus 30 USD” to his trading account.
Official sponsor of "starikovich-heskes" team at the dakar 2017
Experienced racers with more than 60,000 off road kilometers in europe, africa, and australia under their belt.
Official sponsor of muay thai fighter andrei kulebin
A many-time thai boxing world champion, an experienced trainer, and an honored master of sports.
Roboforex ltd is an international broker regulated by the IFSC, license no. 000138/107, reg. Number 128.572.
Risk warning: there is a high level of risk involved when trading leveraged products such as forex/cfds. 58.42% of retail investor accounts lose money when trading cfds with this provider. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. When trading or investing, you must always take into consideration the level of your experience. Copy-trading services imply additional risks to your investment due to nature of such products. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice. Roboforex ltd does not target EU/EEA clients. We don't work on the territory of the USA, canada, japan, australia, bonaire, curaçao, east timor, liberia, saipan, russia, sint eustatius, tahiti, turkey, guinea-bissau, micronesia, northern mariana islands, svalbard and jan mayen, south sudan, and other restricted countries.
At roboforex, we understand that traders should focus all their efforts on trading and not worry about the appropriate level of safety of their capital. Therefore, the company took additional measures to ensure compliance with its obligations to the clients. We have implemented a civil liability insurance program for a limit of 5,000,000 EUR, which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.
© roboforex, 2009-2021.
All rights reserved.
What you need to know about forex welcome bonus
To start your forex trading, we highly recommend that you get the forex welcome bonus that is offered on the market today. Forex bonuses are given by forex brokers to customers as a reward when they use the brokers’ services. These include assistance from the experts that would guide you in putting your investments and resources in a legitimate site or company.
Be one of the many investors, traders and businesses who enjoy the benefits of forex trading today. When working with forex brokers, you will also be able to use the trading platforms they use. They can give you these bonuses when you make your deposits or even get them for free. You can also choose according to the type of bonus you are looking for that would suit your preferences.
Check out the top rated forex bonus
Justforex bonus
- Spreads from 0 pips
- Leverage up to 1:2000
- All strategies are allowed
- IFSC regulation
The latest forex welcome bonus you can apply today
To try out our forex bonuses. You can choose from this list of the latest forex bonus offers we have identified for you.
There are also different types or methods of forex bonus that you can choose from. You can try forex deposit bonus, free forex bonus, or forex no deposit bonus. We highly encourage you to try this opportunity to avail of these bonuses. We assure that these offers will not put your money at risk.
How to get credible forex bonus
To get the best from the latest forex bonus offers on the market, we have here some basic guidelines that would help you.
The first thing you should do is to identify who among the available brokers are the ones with a good reputation. Avoid brokers who offer a large amount of bonuses to avoid the risk of being scammed.
To avoid them, make sure to search the essential information about the brokers you are considering. The broker should be able to give important contact details and updated details of their physical address. In this way, you can access them anytime if you have important queries, need assistance, or need help in case of emergency.
Check the customer support system that the broker provides. The forex broker you choose to work with should respond to you when you need information from them. Reputable forex brokers have 24/7 customer service available.
Read through forex broker reviews and ratings
Today, you can find a lot of reviews of different brokers’ sites that you can rely on when looking for a forex broker you can trust. These reviews provide ratings of the brokers’ services and performance. Check this out so you will be able to identify which brokers have credible services. In reading these reviews you would also learn and identify the platform that would best suit your needs and preference.
Here is our list of our recommended forex brokers reviews that can help you evaluate the forex broker you can work with, and offer great bonuses:
| Broker | info | bonus | open account |
|---|---|---|---|
 | regulation: leverage: 1:400 demo account: yes min deposit: $100 | up to $10,00 bonus | visit broker read review |
 | regulation: leverage: 1:3000 demo account: yes min deposit: $1 | $123 bonus +100% on every deposit! | Visit broker read review |
 | regulation: leverage: 1:1000 demo account: yes min deposit: $100 | 101% on each deposit | visit broker read review |
 | regulation: ASIC leverage: 1:500 demo account: yes min deposit: $100 | $10 no deposit bonus | visit broker read review |
 | regulation: FFMS leverage: 1:1000 demo account: yes min deposit: $1 | maximum 250% | visit broker read review |
| | regulation: leverage: 1:2000 demo account: yes min deposit: $100 | 100% deposit bonus! | Visit broker read review |
 | regulation: cysec leverage: 1:888 demo account: yes min deposit: $5 | deposit bonus up to $5,000 | visit broker read review |
Latest forex welcome bonus offers from the most trusted forex brokers
Get started with your forex trading and work with the most trusted forex brokers. Here is a list of some of the top forex brokers with the minimum amount you can deposit, and the corresponding bonus you can get.
| Broker | bonus | min deposit | leverage | review | open account |
|---|---|---|---|---|---|
| | up to $10,00 bonus | $100 | 1:400 | review | visit broker |
| | $123 bonus +100% on every deposit! | $1 | 1:3000 | review | visit broker |
| | 101% on each deposit | $100 | 1:1000 | review | visit broker |
| | $10 no deposit bonus | $100 | 1:500 | review | visit broker |
| | maximum 250% | $1 | 1:1000 | review | visit broker |
| | 100% deposit bonus! | $100 | 1:2000 | review | visit broker |
| | deposit bonus up to $5,000 | $5 | 1:888 | review | visit broker |
How to choose a top-rated forex broker?
With the thousands of brokers available, it could be an overwhelming task to decide which forex broker would be best for you. In this post, you will find a compiled a list of factors to consider and hopefully, as you reach the last, you would have decided already which forex broker is good for you.
Spreads or transactions 
- Forex trader cost is the actual cost of the forex versus your purchase price. This is calculated in pips: thus, the lower the amount, the better. Since the spread is where the brokers get their income, forex traders should be wary of brokers advertising that they do not charge pips. There is probably a catch somewhere that you may not have knowledge of.
Leverage and margins
- Leverage options are used by investors so that they can take advantage of fluctuations in currencies. A leverage is actually a loan extended by brokers to investors who should maintain a margin account with them. Standard trading is usually done on 100,000 units of a currency. Thus, for a 100:1 leverage, the trader must deposit US$1,000 on his account. The leverage gives the investor the potential of raking in big profits relative to his small investment.
- On the other hand, in the markets go against your expectations, then your opportunity for a loss is also as great. This is the reason why there is such a thing as a stop order. A stop order is actually a mandate given by the trader stating that trading is stopped if losses reach either a certain amount or percentage.
Service extended
- With brokers literally chasing after new entrants in the forex trade system, traders should at least be able to reach the broker should he have any concerns on his account. Unfortunately, for a number of brokers, service is impeccable before account opening and suffers drastically when the client has already opened an account.
Broker quality
- Forex trading is an unregulated market. Therefore, you should find one which is regulated by the commodity futures trading commission (CFTC) and a registered member of the national futures association (NFA).
Trading tools
- Good brokers do not leave their customers at a loss once they start to trade. Thus they provide their client with the necessary tools to help them succeed in trading. It may be a demo account or maybe updates with regard new trading practices.
Trading platforms
- Almost all forex traders do their trades using the internet. Not having an online trading platform is a great disservice to clients.
Availability of currency pairs
- A good broker should be able to trade the 8 major foreign currencies: australian dollar (AUD), canadian dollar (CAD), swiss francs (CHF), the euro (EUR), british pound (GBP), japanese yen, and the US dollar (USD). These currencies are the ones most used in business transactions so their prices fluctuate based on supply and demand.
Lot sizes
- Minimum lot sizes (or units of currency you can buy) vary with each broker. If you are just starting to learn forex trading, find a broker that would allow you to buy mini lots.
Rollover charges
- Brokers allow traders to close open positions value dated today and opening the same trade tomorrow but reflecting the differences in interest between the currency pairs. Although this is allowed, there are charges levied by the brokers and you need to know how much the charge is to determine your margin on the trade.
Forex welcome bonus
- Added to the values, forex broker offers forex welcome bonuses such as forex no deposit bonus, forex deposit bonus and other types of forex cashback or rebates. With the forex bonus, the trader has added leverage to trade as the bonus becomes an additional fund with which he can trade more. This would mean a lot to the trader because some new traders really would need the additional funding even just to trade the minimum lots.
Some of the factors given above may be self-explanatory. However, the others need your expertise in determining whether or not your broker actually provides you the best, say in terms of pips, rollover charges, and the like. Make a shortlist of the brokers that you know and have traded with and using this checklist, weed out those that do not provide what you are looking for.
Conclusion of getting the forex bonus
A forex welcome bonus extended by brokers to traders would be a great come on for new traders. For one, they can start trading the bonus, without actually putting their capital at risk. At worst, the trader can lose a portion of his capital if he trades more than the bonus but should there be a good trade made, the bonus can actually help the trader increase his capital. If one tends to be safe in his trading transactions, the possibility of earning would be there. The trick is if you have made good trades already, set aside your original capital, and trade only within your gains so that your capital is preserved.
Types of forex bonuses and contests
Types of forex brokers
Payment and deposit methods
Forex brokers by countries
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.
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.
Which forex brokers offer a welcome bonus and won’t scam me?
A reader has asked: which forex brokers offer a welcome bonus and won’t scam me?
The quick answer is this, none. No decent broker will offer you a welcome bonus for signing up. If they are it is likely a scam so stay well away from them.
Why are welcome bonuses in forex trading a scam now?
Welcome bonuses being offered by spread betting brokers in the UK started innocently enough. I think it was city index that offered £100 if you opened an account with them. Much the same as the new account incentives from the high street banks. However, over time as competition hotted up within the derivatives trading section, the bonuses got bigger and the criteria for getting them became more stringent.
For a while, there were good opportunities for taking advantage of welcome offers from reputable brokers. You could arbitrage trades between brokers, and switch brokers to execute trader you would be doing anyway to claim a welcome bonuses. Which was essentially a rebate based on volume.
Then it all got out of hand as binary options brokers started setting up offshore and fleecing people. Essential making the criteria to withdraw the bonus so impossible to achieve that in order to fill it they would have B-booked any funds deposited.
It was a very dark time for the industry.
Regulators and welcome bonuses for trading accounts
Regulators such as ESMA and the FCA have been cracking on incentives including welcome or trading bonuses, as they are seen by the regulators as encouraging clients to overtrading, or undertake actions that they wouldn’t have taken in the absence of that incentive.
Particularly where the bonus offer is volume related i.E. You have to trade a certain number of lots in a fixed time frame to access the bonus.
Bonus incentives are a form of marketing and CFD brokers that offer them have taken a decision to spend their marketing budget in this way to attract new customers, and to do so they will make the offer sound as attractive as possible.
However, those brokers would rather not payout that bonus if they can help it. And they will often attach a long list of conditions that have to be met before you qualify for the bonus.
Even if you meet those conditions and get the bonus you may not be able to withdraw those funds from your trading account. If you do open an account because of a bonus offer then make sure you understand exactly how the bonus offer works and as ever only trade with reputable and regulated brokers. You can compare FX brokers on the good money guide by clicking this link
Finally, I am sorry to say that if a bonus is important to you then it may be that you are undercapitalised for trading and should wait until you are in a better financial position and have more risk capital available to you.
Richard founded the good money guide (previously good broker guide) in 2015 and has been a broker for 20 years most recently at investors intelligence and previously a multi-asset derivatives broker at MF global (man financial). Richard started his career working as a private client stockbroker at walker crips and phillip securities (now king and shaxson) after interning on the NYMEX oil trading floor in new york and london IPE in 2001 & 2000.
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).
© 2014-2021, forexchief ltd
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.
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
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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..
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.
So, let's see, what we have: in order to get the welcome bonus or no deposit bonus, you must have a good understanding of forex brokers with welcome bonus. At welcome bonus forex broker
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