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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.
Table of contents
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, just like FCA (UK) and ASIC (Australia) have done.
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, UK and Australia. 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.
Can I withdraw the No Deposit Bonus?
Typically you can withdraw your no deposit bonus, though you must meet a range of criteria first which can vary depending on the broker. They will typically give you access to the bonus right away and you can start trading with the bonus, though if you want to withdraw the bonus amount, you will need to meet certain conditions.
When it comes to the profits that are made from the bonus that you have, this can generally be withdrawn without many conditions.
No Deposit Bonus Pros and Cons
Here are some of the key advantages we have noted when it comes to your no deposit bonus, and some areas which you should be mindful of when trading with your bonus.
- The bonus allows you to trade completely risk-free but still benefit from using real money in trading.
- With some brokers you may not even need to fully verify your account to gain access to the bonus.
- The availability of such an easy bonus offer may work to attract inexperienced traders.
- The criteria that must be met in order to withdraw the bonus can often be difficult to reach.
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