16 BEST BROKERS WITH DEPOSIT AND NO DEPOSIT BONUS

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What is A Forex No Deposit Bonus?

Simply said – A Forex No Deposit Bonus is a tradable bonus in the real forex live account offered by forex brokers to forex traders who are just starting out in the trade without requiring any new deposit.

Free bonuses are a great way for trades to learn their way around the Forex market including the emotions and pressure related to trading with real money. No deposit require bonuses are a great option to start trading without the risk of losing money.

Featured Forex Brokers

We decided to do all the hard work for you and guide you through the all the noise of the financial betting market. Our team of expert analysts, has created a unique collection of forex broker reviews, based on various criteria and data points for you to choose from.

CMTrading

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FPMarkets

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NSBroker

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IQ Option

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What Is A Forex Welcome Bonus?

Traders must first make sure that they fully understand what exactly the forex no deposit bonus is. The forex no deposit bonus does not require traders to make any deposit before receiving it, an onetime offer mostly offered as a ‘welcome’ for signing up with a specific broker.

There are many regulated brokers who do offer no deposit bonuses, sometimes referred to as a “welcome bonus”.

Top Brokers

Note: A “Welcome bonus” is a term used by forex brokers to describe a forex bonus, and it can both represent deposit bonus offers and no deposit bonus offer.

While traders should never think of a forex no deposit bonus as free capital to just play around with, it is meant as a way for traders who are new to the forex world to practice making trades.

16 of the Best Brokers with Deposit & No Deposit Bonusses include:

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CMTrading-logo

CMTrading $250 Welcome Bonus

 

Trading Bonus Amount: $250

  • Automatically credited to your account
  • All profits earned can be withdrawn
  • Available to new clients
  • Non-withdrawable bonus

CMTrading offers the chance to new traders to earn a $250 no deposit trading bonus just by interacting on their social media. You can share , like and comment on the CMTrading facebook page and get a chance to earn tradable credit.

You can find more information about the bonus here

CMTrading $500 Deposit Bonus

 

You can also get a bonus of $500 just for verifying and activating your account.

Trading Bonus Amount: $500

  • Automatically credited to your account
  • All profits earned can be withdrawn
  • Available to new clients
  • Non-withdrawable bonus
  • Minimum deposit of $500

 

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XM

XM $30 Welcome Bonus

 

Trading Bonus Amount: $30

Equivalent to: 25 EUR, 20 GBP, 25 CHF, 3000 JPY, 30 AUD, 1000 RUB, 100 PLN,7000 HUF, 40 SGD, 347 ZAR

  • Automatically credited to your account
  • All profits earned can be withdrawn
  • Available to new clients
  • Non-withdrawable bonus

The XM Group provides the entire suite of MetaTrader platforms plus over 1300 tradeable instruments.

  • The XM Group is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker (average-risk) for forex and CFDs trading.
  • Pricing at XM Group varies by account type.

XM Group is considered as an average-risk, and is not publicly-traded and does not operate a bank.

Offering of Investments

The XM Group offers traders CFDs on 1200 stocks, 30 indices, eight commodities, four metals, five energies, and 57 forex pairs.

Commissions & Fees

The commissions and fees at XM Group is depended on the type of account used.

Spreads

In the XM Zero account, average spreads on the EUR/USD stands at 0.1 pips (according to XM Group website data,

Commissions

Even after including the USD $3.5 per side commission ($7 per Round Turn), and average spreads of 0.1 pips on the EUR/USD, the all-in cost to trade is 0.8 pips (0.1 spread + 0.7 RT commission), making the XM Zero account the firm’s most competitively priced offering.

Platforms & Tools

XM Group is a MetaTrader-only broker offering the standard experience which includes both MT4 and MT5.

XM Group’s research offering consists of:

  • Content generated by an in-house team of analysts including
  • Daily market recaps and
  • Technical and fundamental analysis articles and videos.
  • An economic calendar powered by Investing.com

Trading signals

The XM Group offers its trading signals hub to live account holders but, trading signals that can be automated are currently limited to the Signals Market available within the MetaTrader platform.

Technical analysis

The XM Group offers Tradepedia, which provides educational Forex and CFD content.

Video news analysis

The XM Group creates daily forex news videos with market analysis explained in a TV interview-style format.

Customer Service

  • Average Connection Time: <1 minute/li>
  • Average Net Promoter Score: 6.66 / 10
  • Average Professionalism Score: 5.2 / 10
  • Overall Score: 6.7 / 10
  • Ranking: 24th out of 43 brokers

 

IG Markets

IG Markets £10.000 no deposit bonus

 

IG Markets is regulated by FCA and considered one of the leading provider of CFDs. A £10.000 IG Markets no deposit bonus is offered with the demo account.

IG Markets Offers and bonuses (2020)
IG Markets Welcome Bonus Up to $10,000 on demo account
Others Welcome Assets Daily news and analysis
IG Markets Live Session Free trading classes
IG Markets Assets Over 17.000 markets

IG offers traders a wide-ranging list of tradeable products, outstanding trading and research tools, industry-leading education, and competitive rates. IG is considered low-risk, and is a publicly traded company which operates a regulated bank, and is authorised by six tier-1 regulators (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators.

Platforms & Tools

IG provides an outstanding offer of trading platforms and tools.

Flagship platform

IG’s main trading platform is its proprietary web-based platform with usability at the centre of the experience.

Charting

The default charts within the platform offers traders advanced functionality including the ability to add an alert on a specific indicator, with a total of 28 studies available to select.

Additional platforms

IG offers the MetaTrader4 (MT4) platform and a L2 Dealer platform where Forex Direct and Direct Market Access (DMA) are available for share trading.

ProRealTime charts

Via the ProRealTime premium charting more advanced charting with nearly 100 indicators is provided.

Mobile app features include:

  • Tools: Alerts, sentiment readings, an economic calendar, watch lists, detailed market information and a well-designed layout.
  • Charting: The charting function is loaded with 28 technical indicators and drawing tools.
  • Research: News content and signals from AutoChartist.
  • MetaTrader: MetaTrader is also available for traders who prefer the MT4 mobile app.

IG offers traders powerful research tools, competitive spreads and over 17,000 tradeable assets.

 

Pocket Option

Pocket Option $30 Welcome Bonus

 

Trading Bonus Amount: 30 USD

  • Over 130+ assets to trade now
  • Instant access to social trading
  • Single account option, for everyone
  • Tournament with prize of $50,000

When a trader decides to open an account and trade with Pocket Option and deposit the minimum requirement of $50, they will be eligible for a deposit bonus of 50%. Regardless of how much a trader deposits, Pocket Option will put in another 50% of on top of the total deposit. This deposit bonus is beneficial to all traders. Traders must note that bonuses can’t be withdrawn straight away; it needs to have been traded a certain number of times first.

With Pocket Option, Trader have two options available – practice or trade real money.

Demo Account

With just one click, traders can begin trading with $10,000 virtual funds. The demo account enables traders to get a better understanding with the trading platform. For beginners, is a perfect option before committing any real funds.

Live Account

For traders who want to start with a live trading platform can do so with as little as $50. Once an account has been opened, traders can begin trading with as little as $1 on over 100 diverse trading instruments – including stocks, indices, commodities and currencies. Traders will also have access to a host of benefits including Tournaments, Cashback, Indicators and Signals, Copy Trading, Achievements and a comprehensive Educational Help Section.

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Olymp Trade

Olymp Trade $30 Welcome Bonus

 

The Olymp Trade deposit bonus is offered as an extra offered when a trader deposits money onto their account. If a trader is VIP account holder much more will be on offer. Bonuses start from $30 meaning each time a trader deposits $30 or more they can receive a bonus.

Olymp Trade is Regulated by IFC and is considered as Beginner friendly and is seen as a supportive broker for all traders thanks to its cutting edge services.

  • $10 Minimum Deposit
  • $1 Minimum Per Trade
  • Extensive Asset Coverage
  • European Regulation

A demo account is available and the platform compatible for mobile trading and the primary payment method of depositing funds include the use of a credit card and debit card.

 

Binary

Binary.com $20 Deposit Bonus

 

Traders can open a Real Account with Binary.com with as little as $5 and there is a $20 welcome bonus offered when this process is complete. Opening an account is a fast and easy process, and with a few simple details – the account can be is live within a few minutes.

  • Over 100+ assets to trade now
  • Award-winning high-tech platform
  • Minimum deposit of only $5
  • The unique ‘fixed odds’ trading

Binary.com offers 2 types of basic platforms, the Binary.com platform and the Binary Tick Trade App and as for the advanced trading platforms and trading software, Binary.com offers the following:

  • The MetaTrader 5 platform, for CFDs and forex trading
  • The Binary WebTrader, for advanced binary options trading
  • The Binary Next-Gen platform, for advanced trading features
  • The Binary Bot platform, for automated binary trading

With offices in Malta, Malaysia and Japan, the company has over 1 million registered accounts worldwide, handling approximately 15 transactions per second. One of the key features of Binary.com is its unique “fixed odds” trading platform.

Tickmill

Tickmill $30 Welcome Bonus

 

New traders can start their trading journey with TickMill $30 Welcome Account. New clients will have the opportunity to trade with free trading funds, without having to make a deposit plus profit earned may be kept.

Note: Existing Clients are not eligible to apply for a $30 Welcome Account and will be disqualified.

TickMill offers traders 2 basic account types, accessible through the popular MetaTrader 4 platform and offers market execution with average speed of 0.3 seconds, variable spreads, leverage up to 1:30 and micro tradeable lots. The Classic account is commission-free and The Pro ECN carries a charge of a small commission fee and get tighter spreads.

Account type Minimum deposit Minimum trade size Maximum leverage Spreads (& Commission)
Classic $100 0.01 1:30 From 1.6 pips
Pro $100 0.01 1:30 0.2 pips + $4 / Lot*

*Commission is calculated per standard lot of 100 000 units round trip.

TickMill supports the MetaTrader4 (MT4) platform, available for Mac/Windows PC, Android & iOS devices and as a web-based version and accepts a wide range of payment methods: via credit/debit cards, (Visa, MasterCard, Maestro), bank wire, Skrill, Neteller, dotpay, and Sofort.

instaforex-broker

InstaForex $1000 Welcome bonus

 

The No Deposit Bonus from InstaForex offers beginners a great opportunity to start Forex trading. With $1000 bonus traders will be able to estimate their unmatched quality of order execution in real trading conditions without running any risk. The No Deposit bonus is automatically credited once requested and is available for trading straight away.

  • Trusted broker with 12 years of experience
  • 7,000,000+ clients are already with us
  • Easy and quick deposits and withdrawals from account
  • 400+ trading instruments
  • Order execution speed from 0.05 seconds
  • Fixed spreads with no hidden commissions
  • Leverage up to 1:1,000
  • 24/7 client support

InstaForex user likes and dislikes:

Likes Dislikes
InstaForex TV videos are cleanly recorded, consistently delivered, and the broker’s in-house market commentary is relevant and timely Default MetaTrader platform offered with no premium features
While InstaForex is authorised by the FCA, it is not regulated by the FCA

InstaForex is considered high-risk and is not publicly traded and does not operate a bank. Instaforex is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust).

InstaForex is a MetaTrader4-only broker – offering the MT4 platform suite from MetaQuotes Software Corporation, developer of the widely popular MT4 and MT5 platforms for desktop, mobile, and web.

  • InstaForex features only the default functionality
  • No other third-party platforms or plugins provided to traders

iOS and Android versions of the MetaTrader 4 mobile app come standard and are both available for download from the Apple iTunes store and Android Playstore, respectively.

Forextime

Forextime (FXTM) $300 trading bonus

 

At Forex Time (FXTM) trading offers clients a $300 forex bonus* when they make a deposit! The $300 trading bonus is available to new and existing clients who make a deposit and trade on any one of the following FXTM accounts: MT4 Standard, MT4 ECN, MT5 ECN, Cent Account, ECN Zero. The $300 bonus promotion is available for new and existing clients located in India, Pakistan, Malaysia, Indonesia, Nigeria and the Middle East.

FXTM has also been know to offer a $30 Tradable Bonus to traders for switching from their existing broker to FXTM from time to time.

Forextime (FXTM) user likes and dislikes:

Likes Dislikes
Provides multiple execution methods by account type Leverage caps and margin restrictions on ECN accounts
Regulated in several jurisdictions, including outside the EU Certain range of markets segmented across account types
Offers Cryptocurrency CFDs On ECN accounts, stop and limit levels can be added only post execution
FXTM Invest for auto trading Low max order size of 30 standard lots per trade

FXTM is considered average-risk and is not publicly traded and does not operate a bank. FXTM is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust).

FXTM offers users seven different accounts types where the execution method, range of markets, available platform, and commissions and fees may vary. Three accounts are offered under the Standard category. FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.

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OctaFX

OctaFX 50% Deposit Bonus

 

Any Trader can apply for the OctaFX welcome bonus, but must note that this offer is once-off. OctaFX offers a 50% bonus on each deposit, which allows traders to open positions of a higher volume. Traders can add 50% to their welcome bonus and withdraw all these bonus funds.

Note – the 50% bonus has its own terms of withdrawal.

Traders are free to trade with their OctaFX welcome bonus account for as long as they like and after trading two lots and making the bonus withdrawable, traders can keep their profit and bonus funds in the account for as long as they might like or opt to withdraw them right away. After trading two lots, traders have the option available to withdraw the welcome bonus funds plus all profit made above this sum from their trading account via a wide variety of options on offer.

For traders to have the bonus accredited to their trading account, they will need to submit documents for verification.

OctaFX is one of the very few forex brokers which offers Nigerian traders Metatrader and cTrader.OctaFX offer Market execution with all their platforms and allows scalping & hedging, Expert Advisors and custom indicators.

VPS service is also available with their MT4 platform.

OctaFX Key Features:

  • Supports: MT4, MT5 & cTrader for desktop, web & mobile
  • Minimum deposit: $100 (₦36,000)
  • Max. Leverage: 1:500 (variable based on account type)
  • Trading Instruments: 28 currency pairs, 3 Cryptocurrencies, CFDs on Indices, metals

RoboForex

RoboForex $30 Special Deposit Bonus

 

The Roboforex 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. The Roboforex Welcome Bonus 30 USD is available for all MetaTrader4-based trading accounts of Pro types.

Roboforex is an online broker founded in 2009 which offers Forex and CFDs trading. Roboforex is a global broker and has a head office in Cyprus.

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC)
  • Headquarters: Cyprus
  • Founded in: 2009
  • Min Deposit: 1
  • Used by over 10,000 traders

Roboforex Trading benefits:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Roboforex Trading Accounts Offered:

  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • ECN account
  • STP account
  • Islamic account

Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, Ukrainian and have a double AA grade support rating because Roboforex offer live chat and email support in multiple languages.

Windsor Brokers

Windsor Brokers $30 No deposit bonus

 

Available to: New clients only.

Bonus: $30 account, no deposit required.

To get: Open account and fully verify it.

This promotion is available ONLY to non-live account holders and once a new trader $30 FREE Account is approved, it will be credited with $30 trading credit.

Windsor Brokers is a forex trading services broker which was established in 1988, regulated by CySec, authorized by the in the UK, registered with the ACPR (France) & BaFin (Germany) and is MiFid compliant, and offers traders access to a wide variety of instruments in several different markets including currencies and indices. For commodity traders, Windsor Brokers offer a range of energies, metals and agricultures.

Pros

  • Segregates client funds
  • Established in 2005
  • Regulated by CySEC
  • Min. deposit from $100

Cons

  • Segregates client funds
  • Established in 2005
  • Regulated by CySEC
  • Min. deposit from $100

Windsor Brokers offer two ways to trade: Forex, Social Trading plus a variety of over 100 instruments and over 15 currency pairs on offer.

FXOpen

FXOpen Welcome Bonus

 

FXOpen provides traders with various promotions and bonuses. Getting a Bonus can be done through a simple procedure:

  • Register an FXOpen eWallet
  • Open a real trading account

By participating in FXOpen’s promotions, traders will have a unique opportunity to receive real money bonuses with the opportunity of withdrawing profit.

No Deposit Bonus for STP accounts

  • Amount: $10
  • Account: STP
  • To receive this offer: Register an FXOpen eWallet; Get Grade 2 verification and open an STP trading account.

The bonus is paid once to a traders first trading account and cannot be withdrawn from the account or transferred to another trading account, but profit made can be withdrawn after reaching the total trading volume of executed transactions equal to 2 lots.

Welcome Bonus

  • Amount: $1
  • Account: Micro
  • To receive this offer: Register an FXOpen eWallet; Get Grade 1 verification; Open a Micro trading account.

The bonus and profit earned can be withdrawn from the account only after the total volume of all closed transactions in the account reaches 1 lot (100 microlots).

ForexCup Trading Contest Bonus

  • Amount: Depends on the contest terms
  • Account: STP
  • To receive this offer: Join one of Forex trading competitions at ForexCup.com, Make profit, specified in the contest conditions.

Traders have the option to withdraw or transfer the bonus to another account. Limitations may apply depending on a particular ForexCup contest.

FXOpen is authorised by Financial Conduct Authority (FCA) and gives traders access to a wide variety of instruments in several different markets like currencies, indices and commodities. For traders interested in cryptocurrencies like Bitcoin, FXOpen offers cryptocurrency CFDs.

ForexChief

ForexChief  100% Deposit Bonus

 

ForexChiefs’ Welcome Bonus is a bonus which is equal to 100% of the traders first deposit, but will not exceed the amount of $500. This Bonus is credited automatically and does not require personal documents verification and the Profit may be withdrawn without any limitations, plus the bonus itself can be withdrawn after required trading turnover completed.

To credit a Welcome Bonus, it is required to Open a Live Account MT4. DirectFX, MT4.Classic+, MT5.DirectFX or MT5.Classic+. But – “cent” accounts are not allowed. A Welcome Bonus can only be obtained only once with the first deposit of at least $50. The Profit can be withdrawn at any time, but the Welcome Bonus can be withdrawn only after the required trading turnover is achieved.

ForexChief Limited was established in 2014, is regulated by popular bodies such as CySEC and offers at least 35 currency pairs, silver, and gold. ForexChief makes use of platforms such as Meta Trader 4 and MT5. Both platforms are available on mobile and desktop versions and offers customer support in the form of phone lines and emails.

GKFX

GKFX Prime $55 Welcome Bonus

 

  • Available to: All new direct clients.
  • Bonus: $55 welcome bonus.
  • To get: Open account and request the bonus within 5 business days, via phone or e-mail support@gkfxprime.com

Withdrawal condition:

  • Profit can be withdrawn after 11 lots traded
  • Maximum profit available for withdrawal is $550
  • No scaling or EA allowed/li>

The bonus and profit earned can be withdrawn from the account GKFX Prime is a market maker broker which is situated in the British Virgin Islands and is regulated by the Financial Services Commission (FSC) of the BVI. GKFX Prime deposits start at just $1, but it is recommended that brokers deposit at least $5 for convenience and as a better option for trading meaningful positions in the markets.

GKFX Prime offers two different types of Forex trading accounts, which include the Micro Fix and Standard Fix accounts. A number of useful tools also on offer include – AutoChartist and Trading Central – alongside ZuluTrade and Autotrade for those who prefer social trading – though support is only offered for MT4.

AGEA

AGEA Deposit Bonus

 

  • Available to: All new clients.
  • To get: open new trading account and complete all verification required, the bonus will be added automatically.

Withdrawal conditions:

  • No-deposit bonus is not available for withdrawal, profit can be withdrawn
  • $7 one-time fee on first withdraw.

AGEA is a Montenegro-based Forex broker established in March 2019 and the company is publicly listed on the Montenegro Stock Exchange. AGEA International AD, the owner of AGEA, is regulated by the Montenegrin Commission for Capital Markets. Traders have a choice between a Cent Account and a Standard Account with the option to open a Cent Account for as little as $6, up to a maximum of $5,000. A $100 deposit is required for the Standard Account. Customer support is available 24/5.

With the соmреtіtіоn in acquiring new clients increasing аmоngst glоbаl Fоrеx brokers, the usage of Forex No Deposit Bоnuѕ is growing rapidly. Such Forex Nо Dероѕіt bоnuѕеѕ аrе соmрlеtеlу frее, and novice traders can start trading on sponsored lіvе Fоrеx ассоuntѕ. As a Fоrеx trаdеr, you ѕіmрlу need to register for a live Fоrеx trаdіng ассоunt wіth a broker, and fulfil the requirements of the promotion.

broker-globex

GlobeX360 100% Deposit Bonus

 

  • Available to: All new clients.
  • To get: open new trading account and make a minimum  deposit of $250
  • Credit: 100% of the clients first deposit deposit

 

GlobeX360 is leading provider of financial services in South Africa. It is most famous for its copy trading service and support to new traders. 

New traders with GlobeX360 can enjoy a 100% deposit bonus when they open a new trading account. 

JP Markets

JP Markets 200% Deposit Bonus

 

  • Available to: All new clients
  • How to get to get: open new trading account and make a deposit
  • Bonus: 200% of any deposit up to 280,000 Rand

 

JP Markets offer a massive 200% deposit bonus up to 280K Rand for each deposit the client makes. This is credit into the clients account that cannot be traded or withdrawn. Clients can only withdraw this bonus as cash once they have completed the required amount of lots. 

What can a Trader benefit from using a No Deposit Bonus?

 

There are many ways a trader can benefit from using a Forex No Deposit Bonus, since it is a great incentive for traders to open a live account. There are three main benefits, when it comes to a No Deposit Bonus for traders. They would have the opportunity and the chance to experience a Forex broker’s platform. This gives them the option to understand the structure and the inner-working of a Forex broker.

The second benefit traders will get out of using a Forex No Deposit Bonus is that they can apply their trading skills to the test in real time and conditions. By putting their trading skills and implementing them to real time and conditions, they are honing and enhancing the proficiency in trading to become an experienced trader.

The third and final benefit traders will get out of using a Forex No Deposit Bonus is that they have the ability to trade risk-free without the fear and anxiety about losing their investments and funds. This means that traders would be able to trade without facing any possible financial risk. One of the many fears of traders is losing their investments or their trading funds due to risky trade dealings, but a Forex No Deposit Bonus saves traders from all that.

What to look for in a No Deposit Bonus broker

 

There are many brokerage firms that offer no deposit bonuses, which is why it makes the decision-making process confusing for traders. Simply put, traders don’t know which brokerage company to trade with, especially when the no deposit bonus option is provided by many companies. However, there are two ways to evaluate a brokerage firm and its validation for the no deposit bonus.

The first aspect to consider, as a trader, is the reputation of the broker and you can do that by looking at reviews of the company. Many reviews are honest and straightforward, telling you everything you need to know before opening a live account. The reviews will identify the good brokers, from the bad, and answer all questions you may have, from their previous experiences.

The second aspect to consider is the regulations that the broker abides by and whether they are aligned with any secure, legal procedure. Most traders look for a brokerage firm that is validated and authorized by any form of financial authority. The financial authority guarantees that the broker will ensure your investments and operate under utter transparency.

Unfortunately, there is no central financial authority that supervises the Forex market, but there are reputable financial authorities. These financial authorities include: US Commodity Futures Trading Commission (CFTC), US National Futures Association (NFA), UK Financial Services Authority (FCA), E.U.’s Markets in Financial Instruments Directive (MiFID), etc.

These aspects will help you identify the right brokerage company for you and allow you to enjoy many benefits that they have to offer, such as the no deposit bonus.

What to check for when choosing a No Deposit Bonus?

 

One of the many crucial steps to follow when choosing a Forex No Deposit Bonus is to find out whether the bonus is regulated and whether it is authorized to offer services in the local residence.

The second step, when deciding on a Forex No Deposit Bonus, is to read carefully the terms and conditions of the bonus. By reading the terms and conditions, it gives the trader a cautious understanding of all the financial transactions that follows the bonus, and as a way to avoid any surprises and hidden fees.

The third step to follow when choosing a Forex No Deposit Bonus is to understand the broker’s requirements for withdrawing any potential profits. By finding out the broker’s requirements for withdrawing any potential profits, then there is a level of transparency between the trader and the broker.

The fourth and final step, when deciding on a Forex No Deposit Bonus, is to familiarize yourself with the required documents and procedures for verifying your account. This will allow the trader to have an in-depth understanding of the importance of account verification and identification, so that they could protect their privacy.

No deposit bonus: Real vs. Fake

 

There are many fake Forex No Deposit Bonus websites, since it is a tactic for brokers to attract more attention to their website. In order to find out whether the option for a Forex No Deposit Bonus is real or fake, there are various factors to look out for.

Traders can look at the broker’s main website and see the legitimacy of the broker, through the website design. If the broker is valid, then the structure of the website would be designed carefully and intricately. The name of the website should also be aligned with the brokerage company’s brand; most fake brokers have complicated and unrelated names.

Another factor would be the age of the broker and the offers provided, as it would be considered invalid if the offer did not have a deadline. Simply put, a scam brokerage firm would attempt to attract traffic to their website by providing offers that are too good to be true and it would not have a specific end date.

These factors would help you understand whether the broker offers you a true no deposit bonus, or if it’s just a click-bait ad.

Guidelines for Traders to choose the right bonus

 

Traders should follow the top Forex no deposit bonus list that is provided above, but the choice is mostly the trader’s. In order to choose a Forex no deposit bonus, it is mostly based on personal preference. However, there are a few guidelines for traders to choose the right Forex no deposit bonus.

Don’t concentrate on just the amount offered in the bonus.

Traders will choose a broker that provides the highest rate Forex no deposit bonus in 2019; this is not the smartest choice. Traders should not select a broker based on the amount of Forex no deposit bonus, since clients will be working with the brokerage firm in the following years and there are more than one choice when it comes to choosing the right broker, especially if that choice is the bonuses the brokers are offering.

It is recommended to look through their trading platform and financial instruments, along with other aspects. However, this is one of the most crucial features that should be considered for traders to decide their broker.

Look through the Terms and Conditions

Traders need to read and check the terms and conditions thoroughly to guarantee that this is the right choice for them. For instance, traders may want to profit only with the Forex no deposit bonus, which is an option. However, in those circumstances, brokers who need for consumers to make a deposit before withdrawing funds are not the most suitable option.

Get a second opinion on offers and promotions

There are many brokerage firms who provide a low Forex no deposit bonus, but there could be other benefits and offers in the foreseeable future. There are some brokers who could offer both deposit bonuses and a no deposit bonus simultaneously; this could occur when traders sign up and then right after making a deposit. Yet, most traders disregard that possibility and only consider the amount of the Forex no deposit bonus.

Read the reviews on the brokers written by experts

Before registering at a Forex broker, it is best to read on the reviews that are provided on Forex broker review websites, such as this one. Traders will find important information that is essential in deciding on a brokerage firm. Throughout reading broker reviews, traders must not forget the drawbacks of that could occur with a broker that contains a Forex no deposit bonus. The drawback would be if the terms and conditions are limiting traders from making transactions and trades freely, the withdrawal methods are not in accordance to the particularities and preferences of the traders, and or the trading platform may not be suitable for the trader.

Conclusion

 

Forex No Deposit Bonus is a credit bonus given by many Forex brokers to new traders, as an incentive to get them to open a live trading account with them. Unlike deposit bonuses, no deposit bonuses require no initial deposit from the client and they can start trading right away.

There are certain ways for the trader to check on a Forex No Deposit Brokers, four ways to check. The first step is to find out whether the bonus is regulated and whether it is authorized to offer services in the local residence. The second step is to read carefully the terms and conditions of the bonus. The third step is to understand the broker’s requirements for withdrawing any potential profits. The fourth and final step is to familiarize yourself with the required documents and procedures for verifying your account.
We’ve shown you various tips on how to choose the Forex no deposit bonus and what you need to know before you decide on the right broker for you. Our most favourable tip is that you read reviews on brokers before you choose which broker you want to help you trade.