A no-deposit bonus is a promotional offer provided by Forex brokers that allows traders to start trading without making an initial deposit. This bonus incentivises new clients by allowing them to explore the broker’s platform and trading conditions without any financial risk.
At WR Trading, we’ve reviewed the best no-deposit Forex brokers, highlighting their key features and why we recommend them. Note that some brokers don’t offer bonuses in the European Union due to regulations.
Here comes our list of the five best No Deposit/Welcome Bonus Forex Brokers:
Broker:
Bonus:
Features:
Account:
No Deposit Bonus – $30
- Different ECN Accounts
- Spreads from 0.0 Pips
- Copy Trading available
- Leverage up to 1:2000
- Low Commission from 6$/1 Lot
- High liquidity and fast execution
- MT4/5, cTrader, CopyFX
100% Unlimited Welcome Bonus off Deposits
- ECN Accounts
- Spreads from 0.0 Pips
- Minimum Deposit $1
- Leverage up to 1:3000
- High Liquidity
- IFSC regulated
- MT4
No Deposit Bonus – $30
- Regulated by multiple authorities
- Spreads from 0.0 Pips
- Leverage up to 1:500
- Commission from $3 per lot
- Fast execution (0.15 sec)
- MT4, MT5, Tickmill App
No Deposit Bonus – $30
- Multiple regulated
- Spreads from 0.0 Pips
- Leverage up to 1:500 (1:30 EU)
- Low Commission from 2$/1 Lot
- Personal support
- MT4, MT5
No Deposit Bonus – up to $140
- Spreads from 0.0 Pips
- Leverage up to 1:500
- Low Commission from 4$/1 Lot
- High liquidity and fast execution
- TradingView, MT4/5
#1 RoboForex: Our Winner
RoboForex is our top pick at WR Trading because of its strong trading environment and $30 welcome bonus. We recommend RoboForex for its tight spreads, various account types, and advanced MetaTrader platforms (MT4 and MT5).
RoboForex provides various account types, such as Cent, Standard, ECN, and Prime accounts, designed for different trading styles and amounts of money. Each account type has benefits, such as lower fees or better trading conditions. Finally, customer support at RoboForex is available 24/7 in many languages to assist with questions about accounts, technical problems, or trading advice.
RoboForex Welcome Bonus Conditions
- Once you create an account and verify all your details on the platform, you are eligible for the Welcome Bonus.
- The welcome bonus is available only on accounts with USD or EUR as the base currency opened with the MetaTrader 4 and MetaTrader 5 platforms.
- There’s no set turnover on the RoboForex Welcome Bonus. Also, RoboForex provides its bonus as “extra funds.” So, traders cannot withdraw this bonus directly but can use it in trading operations on RoboForex, e.g. during drawdown.
Facts About RoboForex
| Feature | Information |
|---|---|
| Trading Instruments | Index CFDs, ETFs, oil CFDs, Forex (e.g. currency pairs, real securities), CFD on US and European stocks |
| Trading platforms | R Stocks Trader, R Mobile Trader, MT4, MT5 |
| Affiliate Program | Available |
| Account currencies | US dollars, Euros, Gold |
| Minimum Deposit | $10 |
| Transaction methods | Bank transfer, Bank cards, Neteller, Skrill, Visa, Perfect Money, SEPA, AdvCash, JCB, AstrPay, NganLuong Wallet, MasterCard |
| Leverage | 1:2000 |
| Minimum order | 0.01 |
| Mobile App | Yes |
| Regulation | FSC |
| No Deposit Bonus | $30 |
| Trading Platforms | MT4, MT5 |
| Additional Features | Tight spreads with multiple account types |
#2 SuperForex: Our Second Winner
SuperForex offers a generous unlimited 100% welcome bonus. Although they cancelled their previous offer of an $88 no-deposit bonus, we suggest SuperForex for its wide range of trading instruments and competitive trading conditions here at WR Trading. It’s an excellent choice for both beginners and experienced traders.
Besides the impressive no-deposit bonus, SuperForex offers a range of account types to suit different trading needs. Whether you’re a novice trader or a seasoned professional, you can choose from Standard, Swap-Free, or ECN accounts. Each account type has its own set of features and benefits.
SuperForex boasts a user-friendly trading platform, with MetaTrader 4 at the core. This platform is renowned for its reliability and advanced trading tools, such as custom indicators and automated trading capabilities. With MT4, you can execute trades quickly and efficiently, ensuring you never miss a market opportunity.
SuperForex Welcome Bonus Conditions
- When you verify your SuperForex account as a new user, you can receive the SuperForex Welcome bonus.
- You can’t receive the welcome bonus on an account you’ve applied to or received other bonuses.
- Earning the welcome bonus doesn’t prevent the withdrawal of funds and profit received.
- To withdraw the bonus, you must make a deposit equal to or greater than the requested withdrawal amount.
- Upon withdrawal, a certain proportion of the bonus funds will be cancelled. Here’s how the cancelled proportion is calculated (consider the cancelled amount as “C”). Other variables to note are:
- X = the withdrawal amount requested.
- Y = the available balance after deducting the welcome bonus and other bonuses.
To get the amount of funds that will get cancelled, use the formula: C = (X/Y)* 100
If in this case, you want to withdraw $100, and the available balance after deducting bonuses is $250, the cancelled amount for your account would be (100/250)*100 = $40
Facts About SuperForex
| Feature | Information |
|---|---|
| Trading Instruments | Indices, metals, oil, currency pairs, stocks, cryptocurrencies |
| Trading Platforms | MT4 |
| Affiliate Program | Yes |
| Account Currencies | 100%. Unlimited Welcome Bonus on Deposits |
| Minimum Deposit | $1 |
| Transaction Methods | IFSC. |
| Leverage | 1:3000 |
| Minimum Order | 0.01 |
| Mobile App | Yes |
| Regulation | 100%. Unlimited Welcome Bonus on Deposits |
| Welcome Bonus | 100% Unlimited Welcome Bonus off Deposits |
| Trading Platforms | MT4 |
| Additional Features | Wide range of trading instruments and competitive trading conditions |
#3 Tickmill: Our Third Winner
Tickmill earns the third spot with its $30 no-deposit bonus, low commissions, and fast execution speeds. We recommend Tickmill at WR Trading for its reliable and efficient trading experience. It’s also highly regulated by top regulators like the Financial Conduct Authority (FCA) and the Dubai Financial Services Authority (DIFC), adding an extra layer of trust.
Tickmill’s low commission structure makes it attractive for traders looking to minimise trading costs. With competitive spreads starting from 0 pips and low fees on trades, Tickmill ensures that traders retain more of their profits. This cost-effectiveness is complemented by fast execution speeds, allowing you to take advantage of market opportunities.
The broker’s regulatory compliance with the FSA ensures that it adheres to stringent standards of financial conduct and client protection. This regulation enhances transparency and accountability, offering fund safety and security.
Tickmill Welcome Bonus Conditions
- You are eligible for the welcome bonus upon registration
- The Tickmill Welcome Bonus is only available for the USD currency
- The Welcome Account is only available for 60 days after account opening
- You can’t withdraw or transfer the initial deposit from the Welcome Account
- No deposits can be made to the Welcome Account
Facts About Tickmill
| Feature | Information |
|---|---|
| Account Currencies | Visa, MasterCard, OnlineNaira, BitWallet, AstroPay, M-Pesa, UnionPay, Skrill, STICPAY, Neteller, FasaPay, Perfect Money, MTN, Zamte,lVodacom, cryptocurrency, bank transfers |
| Minimum Deposit | $100 |
| Transaction Methods | Visa, MasterCard, OnlineNaira, BitWallet, AstroPay, M-Pesa, UnionPay, Skrill, STICPAY, Neteller, FasaPay, Perfect Money, MTN, Zamte, Vodacom, cryptocurrency, bank transfers |
| Leverage | 1:1 |
| Minimum Order | 0.01 |
| Mobile App | Yes |
| Regulation | FCA, FSA, CySEC |
| No deposit bonus/Welcome Bonus | $30 |
| Trading Platforms | MT4, MT5 |
| Additional Features | Low commissions, fast execution speeds, highly regulated, excellent customer support |
#4 XM: A Great Choice
XM offers a $30 no-deposit bonus and is known for its extensive educational resources. We recommend XM at WR Trading for its user-friendly platform and excellent support, which helps traders of all levels improve their skills.
Based on your trading needs and experience level, you can choose from various account types, including Micro, Standard, and XM Zero accounts. The minimum deposit is just $5, making it accessible to all traders.
Lastly, the broker offers 24/7 customer support in multiple languages, so they’re always ready to assist you with any queries or issues.
XM Welcome Bonus Conditions
- You are eligible for an XM Welcome Bonus once you create your account and verify your identity.
- Profits from trading the XM Welcome Bonus can be withdrawn at any time as long as the trading volume is at least 10 micro lots (0,1 standard lots) and you’ve completed 5 round turn trades.
- Multiple registrations from the same IP are not allowed
- Clients are permitted to hold only one no-deposit trading account
Facts About XM
| Feature | Information |
|---|---|
| Account Currencies | EUR, USD, GBP |
| Minimum Deposit | $5 |
| Transaction Methods | Bank transfers, credit card/debit cards, skrill |
| Leverage | 1:1 |
| Minimum Order | 0.1 |
| Mobile App | Yes |
| Regulation | FSC, CySEC |
| No deposit bonus/Welcome Bonus | $30 |
| Trading Platforms | MT4, MT5 |
| Additional Features | Extensive educational resources and a user-friendly platform |
#5 FBS: Worth Considering
FB offers a no-deposit bonus of up to $140 and a user-friendly trading platform. We recommend FB for its responsive customer support and intuitive interface. It’s a good choice for a straightforward trading experience.
With FBS, you can choose from various account types to suit your trading needs, including Cent, Standard, and ECN accounts. This flexibility allows you to select an account that fits your trading style and capital requirements. Each account type offers unique features and benefits.
FBS supports the MetaTrader 4 and MetaTrader 5 platforms, which are known for their advanced trading tools and ease of use. These platforms provide powerful charting capabilities, automated trading options, and real-time market data. With MT4 and MT5, you can trade efficiently and effectively.
FBS Welcome Bonus Conditions
- You are eligible for the FBS welcome bonus once you have registered and verified your account with the broker.
- Before withdrawal, you must have at least 30 days of active trading (weekends are not considered).
Facts About FBS
| Feature | Information |
|---|---|
| Account Currencies | EUR, USD |
| Minimum Deposit | $5 |
| Transaction Methods | Credit card/debit cards, bank transfers and exchangers |
| Leverage | 3000:1 |
| Minimum Order | 0.01 |
| Mobile App | Yes |
| Regulation | CySEC, FSC, and ASIC |
| No deposit bonus/Welcome Bonus | Up to $140 |
| Trading Platforms | MT4, MT5 |
| Additional Features | User-friendly platform with responsive customer support |
What is a No Deposit Bonus in Forex?
At WR Trading, we often get asked about the concept of a no-deposit bonus in Forex trading. Simply put, a no-deposit bonus is a promotion offered by Forex brokers to attract new traders. It’s a small amount of trading credit, usually between $30 and $50, that you can use to start trading without depositing any of your money first.
Why No Deposit Bonuses Are Popular
We recommend no-deposit bonuses for new traders because they offer a risk-free way to explore the world of Forex trading. Imagine wanting to try out a new restaurant, but instead of paying upfront, you’re given a free sample. So, you’ll return and pay for a complete meal if you like the food. That’s precisely how a no-deposit bonus works in Forex.
These bonuses are particularly appealing because they allow you to:
- Test the Trading Platform: You can get a feel for the broker’s trading platform, whether it’s user-friendly or suits your trading style.
- Practice Trading: You can practice your trading strategies in a real market environment without risking your money.
- Learn About Forex: A no-deposit bonus gives you a hands-on learning experience if you are new to Forex trading.
| Broker | EU Availability |
|---|---|
| RoboForex | No |
| SuperForex | Available |
| Tickmill | No |
| XM | No |
| FBS | No |
How No Deposit Bonuses Work
When you sign up with a broker offering a no-deposit bonus, you’ll typically need to complete a few steps:
- Register an Account: Create a trading account with the broker.
- Verify Your Identity: Complete the required verification process. This usually involves submitting proof of identity and address.
- Receive the Bonus: Once your account is verified, the bonus will be credited to it, and you can start trading.
We suggest paying attention to the terms and conditions associated with these bonuses. Brokers often have specific requirements for withdrawing profits made from the bonus. For instance, you might need to trade a particular volume or make a deposit before withdrawing any earnings.
Choosing the Right No Deposit Bonus
Not all no-deposit bonuses are created equal. When we review brokers at WR Trading, we consider several factors to recommend the best ones:
- Bonus Amount: Higher bonuses give you more trading power but often come with stricter conditions.
- Regulation: We recommend choosing well-regulated brokers to ensure your funds and personal information are safe.
- Trading Conditions: Look for brokers that offer tight spreads, various trading instruments, and reliable customer support.
Our extensive research shows that brokers like RoboForex, SuperForex, and Tickmill offer some of the best no-deposit bonuses. For instance, RoboForex provides a $30 bonus, a great way to start trading without any initial investment.
SuperForex stands out with its generous $99 bonus, ideal for those who want more trading capital. Tickmill, with its $30 bonus, is renowned for its low commissions and fast execution speeds, making it a reliable choice.
Understanding the Conditions of No Deposit Bonuses in Forex
At WR Trading, we know how exciting it can be to start trading with a no-deposit bonus. However, it’s essential to understand the conditions that come with these bonuses. These conditions are set by brokers to ensure fair use and to prevent misuse of the bonuses. Let’s break down the typical conditions you’ll encounter with no deposit bonuses:
Registration and Verification
When you sign up for a no-deposit bonus, the first condition you’ll face is the registration and verification process. Brokers require you to create an account and verify your identity. This usually involves providing documents like a passport or driver’s license and a utility bill or bank statement for proof of address. Verification helps brokers comply with regulatory requirements and prevents fraudulent activities.
Bonus Crediting
Once your account is verified, the bonus is credited to your trading account. However, brokers often have specific terms regarding the use of the bonus. For example, the bonus might be available only for a limited time or restricted to certain types of trades or financial instruments. Reading these conditions carefully is essential to get the most out of the bonus.
Trading Volume Requirements
One of the most common conditions is the trading volume requirement. This means you need to trade a certain amount before withdrawing any profits from the bonus. The trading volume is typically expressed in lots. For instance, a broker might require you to trade one lot for every $5 of bonus received. If you get a $30 bonus, you might need to trade six lots to meet the requirement.
Profit Withdrawal Conditions
Withdrawing profits from a no-deposit bonus often involves meeting several conditions, such as reaching the specified trading volume.
In addition, some brokers require you to make a minimum deposit before you can withdraw any profits. This ensures that you have some financial commitment to the platform.
Finally, even if you’ve verified your account to receive the bonus, you might need to re-verify or provide additional documentation when requesting a withdrawal.
Time Limits
There are typically time limits when dealing with no-deposit bonuses. Hence, you have a specific period for using the bonus and meeting the trading volume requirements. For example, a broker might give you 30 days to trade the required volume. The bonus and any profits made from it might be forfeited if you don’t meet the conditions within this time.
Trading Restrictions
Brokers may restrict the types of trades you can make with the bonus. For instance, some brokers might not allow you to use the bonus for trading specific high-risk instruments or during high volatility periods. These restrictions are put in place to protect both the broker and the trader from excessive risk.
Multiple Accounts and Abuse Prevention
To prevent abuse of the bonus system, brokers often have strict rules against opening multiple accounts to claim multiple bonuses. A broker can cancel the bonus and any associated profit if they detect that you’ve opened several accounts under different names or email addresses.
Different Types of Welcome Bonuses Explained
At WR Trading, we understand the importance of knowing the different types of welcome bonuses Forex brokers offer. These bonuses are designed to attract new traders and enhance their trading experience.
Here’s a straightforward breakdown of the various types:
- No Deposit Bonus
- Deposit Bonus
- Volume Bonus
- Cashback Bonus
- Risk-Free Trades
No Deposit Bonus
A no-deposit bonus is one of the most sought-after welcome bonuses in Forex. It allows new traders to start trading without depositing their funds. Instead, the broker provides a small amount of trading capital, typically ranging from $30 to $50, directly into your account upon registration.
This bonus is advantageous because it lets you explore the broker’s platform, test various trading strategies, and experience real market conditions without financial risk.
However, no deposit bonuses come with specific terms and conditions:
- Trading Volume Requirements: Before withdrawing any profits from the bonus, brokers often require you to trade a particular volume, measured in lots. This condition ensures that traders actively engage with the platform.
- Time Limits: You must usually fulfil the trading volume requirement within a timeframe. If you fail to meet this condition within the specified period, the bonus and any associated profits may be forfeited.
- Account Verification: Brokers typically require you to complete the account verification process, which includes submitting identification documents, before you can receive and use the bonus.
Deposit Bonus
A deposit bonus, also known as a welcome bonus or a first deposit bonus, is awarded when you fund your trading account with an initial deposit. Brokers match a percentage of your deposit with bonus funds. For example, a broker offering a 100% deposit bonus will double your initial deposit, doubling your trading capital.
Deposit bonuses are designed to:
- Boost Trading Capital: Deposit bonuses increase your initial deposit, providing you with more funds to trade larger positions or diversify your trading strategies.
- Enhance Trading Potential: With more capital, you can generate higher profits from successful trades.
Similar to no-deposit bonuses, deposit bonuses also have terms and conditions. For instance, a minimum deposit amount is usually required to qualify for the bonus. You may need to reach a specified trading volume before withdrawing the bonus funds and any profits from them. Lastly, Brokers may impose time limits to fulfil the trading volume requirement to retain the bonus and associated profits.
Volume Bonus
Volume bonuses are tailored to reward traders based on their trading activity rather than the initial deposit. Brokers offer bonuses based on the trading volume, typically measured in lots, executed within a specified period after opening an account. The more you trade, the higher the bonus you can earn.
Key features of volume bonuses include:
- Incremental Rewards: Bonuses are usually tiered, with higher trading volumes unlocking greater rewards.
- Encouragement of Trading Activity: Volume bonuses incentivise frequent trading, which can contribute to market liquidity and broker-client engagement.
Volume bonuses often come with clear trading goals where traders are encouraged to set achievable goals to maximise their bonus potential. In addition, bonuses are evaluated periodically, usually monthly or quarterly, to determine eligibility based on the trading volume achieved.
Cashback Bonus
A cashback bonus returns a portion of your trading costs to your account, typically as a percentage of the spreads or commissions paid on your trades over a specified period. This type of bonus directly reduces your trading expenses, enhancing your overall profitability.
Benefits of cashback bonuses include:
- Cost Reduction: Cashback bonuses reduce the trading costs of each transaction, thereby increasing your net profits.
- Consistency: Unlike other bonuses tied to specific trading volumes, cashback bonuses apply to every trade you make, providing a continuous financial benefit.
Cashback bonuses may have qualifying criteria that require a minimum trading volume or specific trading conditions to qualify. Additionally, the percentage of cashback and the frequency of payouts (e.g., daily, weekly, monthly) vary depending on the broker’s policies.
Risk-Free Trades
Risk-free trades are another enticing form of welcome bonus offered by some brokers. With this bonus, you can place specific trades without risking your funds. The broker reimburses you with bonus credits or refunds the losses if you lose.
Features of risk-free trades include:
- Protection Against Losses: The bonus provides a safety net by covering potential losses incurred during the specified number of risk-free trades.
- Learning Opportunity: Traders can experiment with different strategies and market conditions without fear of financial loss, gaining valuable experience.
Risk-free trades may come with trade limitations. Brokers must specify the number of trades eligible for the risk-free bonus and the maximum trade size allowed. If the trader’s risk-free trades result in profits, they are usually eligible to withdraw the profits after meeting certain conditions.
Most Popular Types of Forex Brokers’ Bonus Two
Two bonuses are really popular among Forex traders: the no-deposit bonus and the deposit bonus. We think the no-deposit bonus is great, especially for new traders.
When you sign up, you are given a risk-free start with a small amount of trading money, usually $30 to $50. This bonus lets traders try out the broker’s platform, test strategies, and gain experience without risking their own money immediately.
It’s straightforward and perfect for beginners who want to build confidence in Forex trading. We also suggest the deposit bonus, which traders of all levels like. Brokers often match a percentage of your first deposit, usually between 50% and 100%, with bonus money.
This bonus boosts your trading right from the start, allowing you to make bigger trades, try different strategies, and potentially earn more money.
It’s popular because it gives you real financial benefits. This encourages traders to deposit more money to get the most out of the bonus and improve their trading in the competitive Forex market.
The no-deposit and deposit bonuses show how Forex brokers attract and keep traders by offering bonuses that fit different trading needs and goals. Whether you’re starting and want to limit risk or you’re experienced and want to increase your trading funds, these bonuses are helpful. They shape your trading experience and let you reach your goals in the busy Forex market.
Pros and Cons of Using Trading Bonuses
Here are some Details for Pros and Cons about Using Trading Bonuses:
Pros
- Extra money to trade without using your loop funds
- Traders can trade for longer extended periods with additional funds from bonuses
- Some brokers offer bonuses that unlock premium features like advanced charting tools, expert analysis, and exclusive educational material.
Cons
- Strict withdrawal conditions
- Potential for overtrading due to the requirement to meet specific trading volumes
Reasons Why a Broker Offers Bonuses to Traders
In our opinion, brokers offer bonuses to traders for several reasons that benefit both parties. Firstly, bonuses attract new traders by providing extra trading capital upfront, making the broker’s platform more appealing. This helps expand their client base and increases market competitiveness.
Secondly, bonuses encourage traders to deposit more funds into their accounts. By offering incentives like deposit bonuses or cashback rewards, brokers motivate traders to increase their trading activity and investment, which boosts trading volumes and ultimately benefits the broker.
Additionally, bonuses enhance trader loyalty. When traders receive rewards for their trading activities, such as volume bonuses or ongoing promotions, they are likelier to remain with the broker long-term. This loyalty helps brokers maintain a stable and active client base.
Moreover, we believe brokers use bonuses to differentiate themselves in a crowded market. Offering attractive bonuses, like no-deposit bonuses or risk-free trades, sets brokers apart and attracts attention from potential traders looking for added value and benefits.
Ultimately, bonuses are strategic tools for brokers to attract, retain, and incentivise traders. They create a mutually beneficial relationship in which traders gain additional benefits while brokers enhance their market presence and profitability.
Conclusion
At WR Trading, we recommend using no-deposit, welcome, and broker bonuses to enhance your trading experience. No-deposit bonuses are ideal for new traders, offering a risk-free way to explore trading platforms and develop strategies without an initial investment. Deposit bonuses, on the other hand, provide extra capital to increase your trading potential, though it’s essential to be aware of any conditions that come with them. The right trading broker is necessary to save costs and ensure quick order execution.
For active traders, volume and cashback bonuses can help maximise returns and minimise costs, rewarding frequent trading and reducing overall expenses. We suggest carefully evaluating each bonus type and understanding its terms to ensure they align with your trading goals. You can effectively utilise these incentives to improve your trading experience and profitability.
Once again, here are the five best No Deposit/Welcome Bonus Forex Brokers:
- RoboForex – Impressive low deposit bonus offering with added tight spreads from 0.0 pips.
- SuperForex – A wide range of trading instruments and a minimum deposit as low as $1.
- Tickmill – No deposit bonus forex broker with low commissions and high leverage on CFD currencies
- XM – Extensive educational resources
- FBS – User-friendly platform with responsive support
Frequently Asked Questions on Welcome Bonus for Forex Brokers
Can I Withdraw the No-Deposit Bonus Immediately After Receiving It?
No, you cannot withdraw the no-deposit bonus immediately. Brokers typically require you to meet specific trading volume or other conditions before you can cancel the bonus or any profits earned. These requirements ensure that the bonus is used for trading purposes rather than being taken as free money.
Do All Forex Brokers Offer Welcome Bonuses?
No, not all Forex brokers offer welcome bonuses. While many brokers provide various incentives to attract and retain clients, some may choose not to provide them due to regulatory restrictions or their business model. It’s always best to check the broker’s website or contact their support team for the most accurate information.
Are There Any Risks Associated With Accepting A Broker Bonus?
Yes, there are risks associated with accepting a broker bonus. These include strict withdrawal conditions, increased trading volume requirements, and the possibility of altering your trading strategy to meet bonus conditions. Before accepting any offer, it’s essential to read and understand the bonus terms and conditions thoroughly.
Is A No Deposit Bonus Suitable for Beginner Traders?
Yes, a no-deposit bonus is suitable for beginner traders. It provides a risk-free way to start trading and familiarise yourself with the broker’s platform and the Forex market without any financial commitment. However, beginners should still educate themselves about Forex trading and practice responsible habits.
