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Forex No Deposit Bonuses

Written by Miro Nikolov
Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.
, | Updated: October 31, 2025

forex no deposit bonusMany 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.

Registering an account with a forex brokerage

forex sign upIf 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

claim no deposit bonusOnly 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

Terms and Conditions to ConsiderLike 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

Key BenefitsThere 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

Cons to ConsiderAs 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.