Best Forex Brokers with No Deposit Bonus
At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.
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.
FBS
FBS is the first broker to feature on our listing of the top no deposit bonus forex brokers available. They are one of the best known forex brokers in the sector and provide access to a $100 no deposit bonus when you register a bonus account on MetaTrader 5.
The maximum leverage that you can trade with using this bonus is 1:100, and when it comes to the withdrawal conditions, you must trade for 30-days with the bonus amount. Once you have traded at least 5 lots in volume, and made a profit of at least $100, then you can go ahead and withdraw the bonus amount if you wish.
XM
Next on our list of the best brokers offering no deposit bonus trading, is XM. With this broker you will be able to receive a free $30 no deposit bonus into your account when you register a real account.
This is another popular and well-respected broker and the bonus offer has been around for a long time. With XM, you can only get this bonus once on the account type. This means if you are registering more accounts, then only one will receive the bonus. When it comes to withdrawing this bonus, then you will not be able to withdraw the base amount of $30, but you can withdraw any profits that are made from trading with these funds.
Instaforex
InstaForex is next on the list and they provide one of the biggest no deposit bonus amounts of any broker. This amount is $1,000 which is a huge no deposit bonus by comparison with some from this popular top broker choice.
You will get the $1,000 bonus just for registering your account. There is no need to even complete the verification process to get this great bonus. The conditions attached though, are that you will have 7 days to deposit your own real funds. If you don’t do so within the time, then the bonus turns to virtual money. In terms of withdrawal, you can withdraw any profits you have made from the bonus, but only if you deposit an equivalent amount of real funds into the account.
Fxopen
The next broker that you can choose to use for a no deposit bonus is FXOpen. They provide the free $10 bonus amount when you open a real account, and also complete the verification process. This is a great way to get started in trading, and sample what the broker has to offer at no risk to yourself.
When it comes to withdrawing the bonus, the first condition here is that you must have traded at least 2 lots in total volume. You must also have done this within a 90-day period. If you have met these conditions, then you will be able to withdraw any profits made from the bonus amount.
Grand Capital
Another broker to make our selection with an excellent large no deposit bonus offer is Grand Capital who make a $500 bonus available when you register an account. You will have access to these funds for a period of 7 days to start trading risk-free.
After trading with the bonus for 7 days, then you can withdraw any profits which have been made from the no deposit bonus. This is on the condition that you deposit the equivalent amount in your own real funds to the account first.
Roboforex
The next broker to have made the list of no deposit bonus brokers is the popular RoboForex. They also offer a $30 no deposit bonus which they call the Roboforex welcome bonus. This is available to you as a trader once you register your account at the broker.
This Roboforex bonus amount is only available if you trade on the MT4 platform, and also on Pro-Standard, or Pro-Cent accounts. You will receive a $30 bonus, or 3,000 cents depending on your account type. This bonus amount will remain available to you for a period of 30 days. The conditions of the bonus include that you can only withdraw the profits of the bonus if you deposit an equivalent amount of your own real trading funds.
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.
Pros
- 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.
Cons
- 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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