- Jump to:
- Brokers Offering No Deposit Bonuses
- XM Group
- FBS
- FXOpen
- InstaForex
- Emporio Trading
- FXQM
- Tickmill
- FxPlayer
- FXGiants
- Windsor Brokers
- Corsa Capital
- World Forex
- Mitrade
- IUX Market
- Registering an Account
- How to Claim a Forex No Deposit Bonus
- Important Terms and Conditions
- Key Benefits of Using Forex No Deposit Bonuses
- Cons to Consider before You Opt In for a No Deposit Bonus
Many Forex brokerages offer appealing promotional incentives to differentiate themselves from the competition and attract new investors. Traders often have the chance to claim deposit-match bonuses, referral bonuses and no-deposit bonuses. The latter are by far the most popular.
A no-deposit bonus is granted to new traders who open an account with a brokerage. When available, it can be obtained immediately after registration and does not require you to deposit funds into your real-money trading balance, at least not straight away. No-deposit bonuses are typically small. However, they are still worthwhile if you wish to test the platforms of brokerages you are unfamiliar with.
Here you can find a comprehensive list of all free Forex bonuses currently available online. Choose a broker and start your Forex trading journey with zero risk. Below you can see how it works in three easy steps.
- Select a broker from the list below and visit the website
- Register an account, providing your details (name, country, email …)
- The bonus is added to your account automatically
Forex brokers offering no deposit bonuses
With so many brokers competing for clients, it can sometimes be difficult to find the no-deposit Forex trading site that best suits your style and needs. The good news is our experts have done all the hard work to make things simpler for you. All fifteen brokers listed below are regulated and offer decent no-deposit bonuses.
InstaForex
$1,000 Free Trading CreditsInstaForex was launched in 2007 and presently has over 7 million registered traders under its wing. The website offers a staggering diversity of more than 200 instruments. Copy trading is also an option at InstaForex whose database features more than 11,000 experienced traders. As for the no deposit bonus, new traders can start with $1,000 in free trading credits.
XM Group
$30 No Deposit BonusXM is a fully licensed and regulated brokerage that executes trades with the permission of the regulatory authorities of Cyprus, the UK, Australia, and Dubai. The broker offers a $30 no deposit bonus to new customers. The funds are non-withdrawable but traders get to cash out their associated winnings.
FBS
$100 in Real MoneyFBS is a globally recognized brokerage that services more than 15 million customers from over 190 jurisdictions, bar clients based in the UK, the USA, and Canada. Registrants can benefit from a very high leverage that reaches 1:3,000. New customers will benefit from $100 in real money to start their trading journey with. The free funds should be used within a 30-day period.
FXOpen
$10 No Deposit BonusFXOpen is one of the most trusted and fastest-growing brokerages in the industry, with a long history that can be traced back to 2005. The company has been offering Bitcoin trading since 2014. It utilizes the powerful MetaTrader terminal and offers competitive spreads for a variety of instruments, including Forex pairs and stocks. New registrants who sign up for STP accounts are eligible for a $10 no deposit bonus. Traders can withdraw the associated profits once they reach a trading volume of 2 lots or higher.
Emporio Trading
$30 No Deposit BonusEmporio Trading welcomes newcomers who have fully verified their live accounts with a $30 no deposit bonus. The broker’s website caters to international customers with the availability of multiple languages, including English, Spanish, Russian, and Portuguese. The brokerage works with the MetaTrader 5 platform. The browser-based version WebTrader is also on offer.
FXQM
$30 No Deposit BonusFXQM (short from fxqmarket) is overseen by the Financial Services Authority of Seychelles. The regulated dealer offers over 70 instruments and boasts an average order execution speed of 0.14 seconds. Several account types are available, including Standard and Raw ECN accounts. Both require minimum deposits of $10 and offer a maximum leverage of 1:1,000. You can start trading with no risk with the help of a $30 no deposit bonus.
Tickmill
$30 Free FundsTickmill is a dynamic brokerage that supports trading with more than 80 CFD products at ultra-competitive spreads. Registrants have a choice from Classic, Pro, and VIP accounts. Traders can open and close positions both on their desktop computers and mobile devices. As for the available platforms, Tickmill supports MetaTrader 4 and its browser-optimized version WebTrader. New customers have the opportunity to trade with $30 in free funds, granted as a no deposit bonus.
FxPlayer
$100 Risk-free TradingFxPlayer was launched in 2014 and originally started as an ECN and STP platform. Today it offers a wide range of available instruments, including trading Forex currency pairs, gold, silver, copper, and indices. Traders at FxPlayer are treated to many useful tools such as an economic calendar, a pip calculator, currency converter, profit and margin calculators. The no deposit bonus of FxPlayer amounts to $100 in risk-free trading.
FXGiants
$30+$40 No Deposit BonusFXGiants welcomes investors from more than 150 jurisdictions, allowing them to trade on roughly 200 assets. Some of the most popular options include currency pairs, commodities, futures, and stocks. Traders from the United States are not welcome here, though. The broker greets newly registered traders with a no deposit bonus of $30 upon successful email verification. Those who verify their accounts over the phone are eligible for $40 on top of that.
Windsor Brokers
$30 No Deposit BonusWindsor Brokers is one of the trading industry’s old dogs, having been established in 1988. Transparency, security, and competitive pricing are the biggest drivers of Windsor Brokers’ success. The brokerage provides a choice from MetaTrader 4 for desktop and mobile and the MT4 WebTrader. This fully regulated trading website gives you a good headstart with a no deposit bonus of $30.
Corsa Capital
$100 No Deposit BonusCorsa Capital was established in 2007 by a group of trading experts. Its main focus falls on the foreign exchange markets. The company caters to novice traders with various educational materials and tools, including video tutorials, an economic calendar, and demo accounts. Its website supports English and Russian. It offers a no deposit bonus of $100 to each new registrant, who verifies and activates their new Corsa Capital live account.
World Forex
$10 No Deposit BonusWorld Forex has plenty of advantages up its sleeve to attract traders with, including withdrawals within a maximum of thirty minutes, the absence of commissions, and the option to autotrade. Additionally, the client-oriented brokerage offers free training, round-the-clock customer support, and a bespoke loyalty program. It has over 350,000 active customers from around 50 jurisdictions. You can start your World Forex experience at no cost by redeeming the $10 no deposit bonus.
MiTrade
$50 No Deposit Trial BonusMitrade is an award-winning online brokerage that specializes in trading with Contracts for Difference (CFDs). The broker has received authorization from one of the strictest financial regulators in the world, the Australian Securities and Investments Commission (ASIC). It provides negative balance protection to customers who trade with leveraged products. The ceiling on leverage varies between trading instruments but the maximum is capped at 200:1. Registering at Mitrade can earn you a no deposit trial bonus of $50.
IUX Market
$30 Bonus Upon RegistrationIUX Market is the right brokerage for all traders who insist on variety and portfolio diversification. Here you have a choice from over 1,000 instruments, with spreads starting at 0.5 pips and a maximum leverage reaching up to 1:1,000. Novices will benefit from a social trading service that allows them to copy the positions of experienced traders directly in their portfolios. New customers can start for free with a $30 bonus granted upon registration.
Registering an account with a forex brokerage
If you want to claim a no-deposit bonus, you need to sign up for a real-money account with your chosen brokerage. The process is rather straightforward and hassle-free; all you have to do is complete the registration form with your personal information. This typically includes your name, street address, email, telephone number and date of birth.
Regulated brokers are required to ask for each customer’s Social Security number, professional occupation and current employment status. You should also be prepared to answer income-related questions about your annual salary and overall net worth.
If you intend to trade on margin, i.e. to use leverage, you will have to complete a brief questionnaire about your trading expertise, earnings and experience. Then all that remains is to activate your live account via the link the brokerage will send to your email.
The message usually also contains a username and password, together with detailed instructions on how you can deposit to your new live account. Of course, you can skip this step if you want to claim the no-deposit bonus. Note that there are different account types, including ECN and Islamic (swap-free) accounts, so be sure to pick the one that best suits your trading style and preferences.
How to claim a forex no deposit bonus
Only customers who have successfully verified their live accounts are eligible to claim a no-deposit bonus. There is no need to add funds to your balance at this stage. It is worth noting that some brokers require customers to set up their accounts in specific base currencies to become eligible for the bonus.
Others impose restrictions on the maximum leverage you can use when trading with the no-deposit bonus. As for the verification process itself, it usually entails sending copies or scans of documents for personal identification. Your payment method and permanent place of residence also need to be verified.
Important terms and conditions to consider
Like all promotional incentives available to online traders, Forex no-deposit bonuses come with certain conditions that must be met before you can take full advantage of the free trading credits. The first and most important requirement is to set up a live trading account. New customers who register demo accounts upon arrival are generally not eligible for redemption.
Some Forex brokerages provide no-deposit bonuses only to traders based in specific jurisdictions due to financial regulatory restrictions. As a general rule, all types of promotional offer are off-limits to customers registering from countries within the European Union (EU).
Another important condition is that the customer must complete full account verification to become eligible for a no-deposit bonus. As far as withdrawals go, traders can cash out the profits acquired from using the free funds at any time. However, most brokerages require you to make a real-money deposit before you can request a withdrawal.
There may be restrictions on the amount you can cash out in the form of profits. In some cases, the withdrawable sum is determined by the customer’s trading volume. For example, if 1 lot is equal to $1, you would need a trading volume of 100 lots or more before you can cash out $100.
In many instances the maximum withdrawable amount is fixed rather than trading-volume dependent. Traders sometimes have a limited time to meet these requirements, starting from the day they opt in to the offer. However, the exact timeframe differs between brokers.
Restrictions also apply to the maximum leverage customers can use when trading with a no-deposit bonus, but these are largely broker-specific. Some brokers also impose limitations on the maximum trading volume allowed with an active no-deposit bonus.
More often than not, the bonus amount itself is non-cashable; only the associated profits can be withdrawn. Of course, you need to trade with your personal funds to unblock the bonus-related earnings. The bonus itself is cancelled when the trader submits a withdrawal request and is removed from their account. Few brokers allow you to cash out both the bonus and its associated earnings.
Because this type of offer aims to incentivise new customers to try the platform and potentially stay with a given broker, each new registrant can apply for and receive a no-deposit bonus only once.
With some brokerages the type of account you open also matters, as does the platform you register for. For instance, some trading sites offer this incentive only to customers who sign up via the MetaTrader 5 platform. Those who use MT4 are ineligible.
Certain live account types may not be eligible to redeem a no-deposit bonus. The bottom line is that you should always read and understand the promotional terms and conditions, or you risk having your bonus forfeited due to violations.
Key benefits of using forex no deposit bonuses
There are numerous advantages to using Forex no-deposit bonuses, especially if you are interested in online brokerages that do not offer a free demo account. No-deposit bonuses are important, first and foremost, because they offer traders the chance to test a given platform and develop a clear trading strategy.
With these deals, you can open and close positions to test the waters via a broker’s desktop platform or its mobile application before you start investing real money. This type of promotion also enables you to compare several brokerages. It supports decision-making and helps you make a better-informed choice when selecting a broker.
Claiming a no-deposit bonus allows novice traders to experiment with new instruments and currency pairs to broaden their knowledge and scope. For example, a novice trader might have experience with the pair USD/EUR while being unfamiliar with USD/CAD. They can familiarise themselves with the latter by putting their no-deposit bonus to good use.
Cons to consider before you opt in for a no deposit bonus
As appealing as no-deposit bonuses are, they are not without disadvantages. To begin with, you may not be eligible to claim one if you are based in certain jurisdictions, particularly within the EU.
Another weakness is that no-deposit bonuses usually provide only nominal amounts to trade with for free. The exact amount is brokerage-specific but normally ranges between $10 and $100. This may be insufficient for clients who are complete novices, especially if you have to invest at least $5 or $10 per position.
From this perspective, beginners are better off registering a free demo account (if available). The latter provides more time to hone their Forex trading skills. If a customer happens to exhaust the demo account’s balance in full, they have the option to request a reload and start afresh.
Another common downside of the no-deposit bonus is that often the bonus amount itself is uncashable. The free funds are removed from your account when you request a withdrawal. No-deposit bonuses are generally available solely for trading. Only the associated winnings can be cashed out, usually with a cap on the maximum amount. The winnings are also not available for withdrawal straight away. You have to cover the minimum required trading volume, which may be an issue for inexperienced investors.
Some traders have the habit of hunting solely for no-deposit offers and end up registering far too many accounts. This can be detrimental as it leads to a lack of consistency. Finally, some offers appear too good to be true. If you dig deeper into the terms, however, you may quickly notice that the bonus is not as beneficial as it first appeared to be.













