There are many Forex brokers to choose from, and making the right selection is a challenging task. Several factors are considered, such as fast execution, competitive spreads, and the range of tradable assets. Hence, different types of options or bonuses are listed down to attract different types of traders. They assist the trader in finding the specific broker with the desired profile. With Forex no deposit bonus, new traders can learn trading in a live trading environment and build their portfolio without risking their capital resources. However, these bonus offers do not necessarily benefit all traders.
Therefore, traders need to be aware of terms and conditions before accepting or signing up for any offer. A key strategy to remember is that the brokers must gain profits, which is the primary objective of the bonus campaign. Hence, it is essential to select the right deposit forex as it significantly impacts the trading outcome.
10 Top The Best Forex Bonuses
Here are the 10 best platforms with no deposit bonus:
1. Pax Forex – Recommended for US Traders – 100% Bonus
Pax Forex is a famous online forex platform and the most reliable trading institution in the USA. It has a reasonable loyalty deposit bonus program too, where they match the member’s deposits 100% – for a minimum trade of $1,200 and more.
Unlike the deposit bonus offered by other platforms, Pax Forex provides you with a great deal of reward program, where every successive $1,200 deposit is matched with an additional bonus. However, the full amount is not instantly credited but is divided and paid in 12 monthly installments.
- The broker supports all ranges of trading accounts
- The 100% bonus is highly competitive
- Awards bonus on successive deposits
2. AVATrade | 2 x $200 Forex Welcome Bonuses
The AVATrade group offers an epic 20% bonus of up to $10,000. This means that traders need to deposit $50,000 to get the maximum deposit forex on AvaTrade UK. However, one needs to deposit a minimum of $100 before accessing the bonus, and their account needs to clear verification before funding. For withdrawing the bonus out, traders get $1 for every 0.1 lot that is traded. Although, you can check our AVATrade review, to know about the service and more.
- 20% welcome bonus of up to $10,000
- Minimum deposit $100
- Verification of the account before the bonus is credited
3. Markets.com | £25 Forex No-Deposit Bonus
Markets.com is a major platform across the UK forex space. As there are dozens of currency pairs split across the majors, minors, and exotics, its trading arena comes with different offers. Here, traders get a £25 no deposit bonus for opening a new account at the Markets.com platform. This bonus is for new customers only, and there is no time limit as that is laid out. Although, you can check Markets.com reviews, to know all its services and bonus offers in one place.
- £25 no deposit bonus
- No time limit to use the bonus funds
- Valid for New customers only
4. Plus-500 | £20 No-Deposit Forex
Plus 500 is another major platform, which is targeting the forex no deposit bonus space. Once traders open an account, they are rewarded with a £20 bonus – with no deposit required. The platform is one of the most reputed forex and CFD brokers in the online trading space. Its predecessor is listed on the London Stock Exchange and Plus500 UK holds multiple licenses. Read more about the Plus500 review, we have covered all the information about the platform.
- £20 no deposit bonus
- Only available to first-time customers
- Verification of identity is required before making a withdrawal
5. FBS | Best Forex No-Deposit Bonus – $50 Bonus
Most forex brokers provide cash-based bonus programs. However, FBS offers a complete Trade 50 Bonus package. Featuring a free no deposit forex of $50 to trade in a verified account, a set of guidelines to be followed, and strategies for making the most of the free bonus. Nonetheless, there are certain restrictions for claiming this bonus as well as the profits earned from the trading. For example, FBS allows only a maximum of 5 trade positions at a given time. And to withdraw any profits, traders are required to complete the required 30 trading days and trade at least 5 lots.
- Relatively high no-deposit trading bonus
- Maintains a global footprint and is licensed in different financial jurisdictions
- Accepts several payment processing options for deposits and withdrawals
6. XM | Multiple Forex Options Offered
XM has a variety of forex offers for beginners who do not have an account. They offer the option of claiming a $30 no deposit bonus. And to claim a more substantial bonus, they can choose the XM Broker offer with a 50% matched deposit bonus up to $1,000. This gives a 20% bonus for everything above $1,000 – up to a maximum of $4,500. And, you can also read more about the XM reviews to know further about the platform.
- $30 no deposit bonus
- 50% matched deposit bonus up to $1,000
- Additional 20% bonus for up to $4,500
7. CMC Markets | 2 x $200 Forex Welcome Bonuses
The CMC Markets, a UK broker, has an appealing offer for traders, which is a $200 welcome bonus that can be availed twice. Traders need to deposit their first $200, which is matched with an additional $200 by the broker, making the starting balance $400. However, traders need to trade $1 million worth of forex to withdraw the bonus funds. Once they hit $2 million worth of trades, CMC Markets broker will give an additional $200.
- $200 welcome bonus- twice
- The first deposit of $200 is matched like-for-like
- Withdraw the bonus funds when the $1 million trade requirement is hit
8. HYCM | 10% Deposit Bonus up to $5,000
HYCM is a widely popular platform that offers new customers a 10% deposit bonus. The bonus amount is at $5,000, which means that traders need to deposit $50,000 to get the maximum bonus. And they need to trade a massive set of 30 standard lots to get $1,000 in bonus funds out of the broker.
- Deposit $50,000 to get the full bonus amount
- Trade 30 standard lots to withdraw $1,000 in bonus funds
9. Tick Mill | $30 Sign-Up Deposit Bonus
Global forex broker platform, Tick Mill, offers the new customers a$10 to $30 no deposit bonus. To prevent manipulation, traders need to verify their accounts before their accounts are funded. The added asset of the platform is that it allows traders to withdraw the profits made from the $30 welcome offer.
- $30 no deposit bonus
- 100% risk-free – no deposit required
- Verify the account before the bonus is credited
10. TemplerFX | $30 No-Deposit Bonus
Similar to Tick Mill, TemplerFX also offers a $10 to $30 no deposit bonus. To avail of this offer, traders need to open an account and verify their identity. Traders are then required to trade a minimum of 5 standard lots to withdraw the bonus and any additional profits.
- $10-$30 no deposit bonus
- Not required to fund the trading account to get the bonus
- Pass a KYC or verification process before getting the bonus