The second aspect to consider is the regulations that the broker abides by and whether they are aligned with any secure, legal procedure. Most traders look for a brokerage firm that is validated and authorized by any form of financial authority. The financial authority guarantees that the broker will ensure your investments and operate under utter transparency. Unfortunately, there is no central financial authority that supervises the Forex market, but there are reputable financial authorities.
These aspects will help you identify the right brokerage company for you and allow you to enjoy many benefits that they have to offer, such as the no deposit bonus. One of the many crucial steps to follow when choosing a Forex No Deposit Bonus is to find out whether the bonus is regulated and whether it is authorized to offer services in the local residence.
The second step, when deciding on a Forex No Deposit Bonus, is to read carefully the terms and conditions of the bonus. Reading the terms and conditions gives the trader a cautious understanding of all the financial transactions that follow the bonus, and is a way to avoid any surprises and hidden fees. The fourth and final step, when deciding on a Forex No Deposit Bonus, is to familiarize yourself with the required documents and procedures for verifying your account.
This will allow the trader to have an in-depth understanding of the importance of account verification and identification so that they could protect their privacy. There are many fake Forex No Deposit Bonus websites since it is a tactic for brokers to attract more attention to their websites. In order to find out whether the option for a Forex No Deposit Bonus is real or fake, there are various factors to look out for.
If the broker is valid, then the structure of the website would be designed carefully and intricately. Another factor would be the age of the broker and the offers provided, as it would be considered invalid if the offer did not have a deadline. Simply put, a scam brokerage firm would attempt to attract traffic to their website by providing offers that are too good to be true and would not have a specific end date.
Traders should follow the top Forex no deposit bonus list that is provided above, but the choice is mostly for the traders. In order to choose a Forex no deposit bonus, it is mostly based on personal preference. However, there are a few guidelines for traders to choose the right Forex no deposit bonus. Traders will choose a broker that provides the highest rate Forex no deposit bonus in ; this is not the smartest choice. Traders should not select a broker based on the amount of Forex no deposit bonus, since clients will be working with the brokerage firm in the following years and there are more than one choice when it comes to choosing the right broker, especially if that choice is the bonuses the brokers are offering.
It is recommended to look through their trading platform and financial instruments, along with other aspects. However, this is one of the most crucial features that should be considered for traders to decide on their broker. Traders need to read and check the terms and conditions thoroughly to guarantee that this is the right choice for them. For instance, traders may want to profit only with the Forex no deposit bonus, which is an option.
However, in those circumstances, brokers who need consumers to make a deposit before withdrawing funds are not the most suitable option. There are many brokerage firms that provide a low Forex no deposit bonus, but there could be other benefits and offers in the foreseeable future.
There are some brokers who could offer both deposit bonuses and a no deposit bonus simultaneously; this could occur when traders sign up and then right after making a deposit. Yet, most traders disregard that possibility and only consider the amount of the Forex no deposit bonus. Before registering at a Forex broker, it is best to read the reviews that are provided on Forex broker review websites, such as this one.
Traders will find important information that is essential in deciding on a brokerage firm. Throughout reading broker reviews, traders must not forget the drawbacks that could occur with a broker that contains a Forex no deposit bonus. The drawback would be if the terms and conditions are limiting traders from making transactions and trades freely, the withdrawal methods are not in accordance with the particularities and preferences of the traders, and the trading platform may not be suitable for the trader.
In order to claim your Forex No Deposit Bonus, it is an easy and simple process that anyone can do. There are two strategies that you can use to claim your Forex No Deposit Bonus. The first strategy is a three-step model through that you can claim your bonus through. You will first register with the Forex broker to be an active member of the broker. As for the final step, you will be able to claim your bonus. The second strategy is also a three-step model that will enable you to claim your bonus.
You will, first, have to register with the Forex broker. The second step is that you will be able to claim your bonus and then you will be required to verify your identity when you withdraw your profit from your trading account. Most clients will prefer the second model since it seems simple and easy to handle. However, the majority of Forex brokers use the first model. The reason that the first model is used more by Forex brokers is that it acts as a filter since the broker will be able to determine the serious traders.
The second model is used by Forex brokers to promote prospective traders who do not want to be put through the hassles of verifying their identity until the clients have something tangible to gain. There are four different types of verification that are all different methods to determine your identity before joining the Forex broker.
The first type of identity verification is email verification where you will find a link in your inbox and you will just click on it to clarify your identity. As for the second form of identity verification, your Forex broker will send you a verification code through an SMS message or a voice call, known as phone verification.
The third type of identity verification is the Proof of Identity POI , where you will upload a document of your identity. The fourth and final form of verification is Proof of Residence POR , which is a document that you upload of your current address. The most common Proof of Residence POR is utility bills, bank statements, or any document with your address on it.
With a Forex No Deposit bonus, there are limited and specific rules in trading. You will have a free bonus to trade, but you will have to abide by the rules that follow. The following are restrictions that traders are required to enforce while trading a Forex No Deposit bonus.
Maximum Lot Size There are Forex brokers that limit their traders from opening orders with a large lot size, and the most common lot size found by Forex brokers is 0. As an active trader, trading with a small lot size can be discouraging since the traders are required to meet a specific trading volume to be able to withdraw profits from their funds. Lot size makes profit generation more difficult for traders. Maximum Active Positions Another limitation that traders will face while trading a Forex No Deposit Bonus is the maximum value of active positions for each trader.
Forex brokers put a restriction on their traders from acquiring a lot of simultaneous active positions, including pending orders. Trading strategies and the trading experience of clients can be negatively influenced by the limitation of active positions. Trading Assets Limitation Currency pairs and all other financial instruments are an essential component of Forex trading, which is using the volatility of financial markets to generate profit.
Forex brokers who enforce restrictions on the trading asset mean that traders will have a limited range of currency pairs to select from. With these restrictions, the opportunity to trade when a credible entry setup takes place with a Forex pair is limited. In addition, traders are limited in trading with different currency pairs.
Bonus Validity The fourth restriction of a no deposit bonus is that the bonus will be removed by the Forex broker when the duration of the bonus expires. For a bonus with a short validity, traders will not have enough time to truly use the bonus and the trading account. With bonuses that have a longer duration term, traders will have the opportunity to trade in various financial market conditions.
The most common duration of bonus validity is likely 30 days or more, which will allow traders to fully recognize what real trading is. Hedging And Scalping Is Not Allowed Hedging and scalping are not permitted in trading a Forex No Deposit Bonus, which means that traders who perform hedging and scalping will have to change their trading methods.
Scalping is a trading strategy that traders utilize to generate a small profit in several entries a day by holding a position for a short amount of time; scalping has allowed traders the potential to generate profit in the shortest time. Expert Advisors simplify trades by performing all actions in the trading process, which includes: opening and closing a trade, generating tradable signals, market condition analysis, and so on.
You will find that Expert Advisors are more applicable to traders who are starting out in the trading world. However, trading a Forex No Deposit Bonus does not include Expert Advisors, which means that traders will have to trade manually. Forex No Deposit Bonus is a credit bonus given by many Forex brokers to new traders, as an incentive to get them to open a live trading account with them.
Unlike deposit bonuses, no deposit bonuses require no initial deposit from the client and they can start trading right away. There are certain ways for the trader to check on a Forex No Deposit Brokers, four ways to check. The first step is to find out whether the bonus is regulated and whether it is authorized to offer services in the local residence. The second step is to read carefully the terms and conditions of the bonus.
The fourth and final step is to familiarize yourself with the required documents and procedures for verifying your account. Our most favorable tip is that you read reviews on brokers before you choose which broker you want to help you trade. All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than data points across 8 key focus areas. Unfortunately, the answer to this question is no. The no deposit bonus offers are not available 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. FBS is the first broker to feature on our listing of the top no deposit bonus forex brokers available.
The maximum leverage that you can trade with using this bonus is , and when it comes to the withdrawal conditions, you must trade for days with the bonus amount. Next on our list of the best brokers offering no deposit bonus trading, is XM. 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.
InstaForex is next on the list and they provide one of the biggest no deposit bonus amounts of any broker. 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. 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.
The next broker that you can choose to use for a no deposit bonus is FXOpen. 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 day period. If you have met these conditions, then you will be able to withdraw any profits made from the bonus amount. 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. The next broker to have made the list of no deposit bonus brokers is the popular RoboForex. This is available to you as a trader once you register your account at the broker.
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. The final broker to make our listing as having one of the best no deposit forex bonus offers available is SuperForex.
You will also have to complete the verification process which typically takes about 48 hours. Once you have signed up with the broker, you can apply for the no deposit bonus directly on their platform. 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.
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. Your email address will not be published. Check our help guide for more info. Compare List. Table of contents. Return To Top. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector. Connect on linkedin. February 12 min read. February 11 min read. May 5 min read. Leave a Reply Your email address will not be published. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company.
You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
It is similar to the other forex accounts, but forex brokers cannot access the cryptocurrency market using this account. The commissions are slightly higher in the Islamic trading account. They have a demo account that forex brokers get encouraged to open to understand the software. It is also a great way to practice how to trade in different markets. It has educational resources such as blogs, webinars, and videos. You can get forex trading courses specifically designed for different levels of experience.
They have detailed and extensive educational content all over their platform. New traders can take advantage of these resources to learn how to trade in any market. XTB has access to trading tools like market analysis and news for forex traders. It uses advanced technology, starting with its charting software.
Traders can access more than 30 charting tools and technical indicators. You can access the financial market with the Meta Trader 4 or the xStation 5 trading platforms. They also give access to their platform via the XTB forex broker via a mobile application, a desktop, and a web-based version. One setback of the XTB broker is that it does not have an automated platform. It has made up for these by providing research from forex expert analysts and other third-party professionals.
XTB has averagely low fees and commissions charged for most markets. They have no deposit, withdrawal, or account fees. Forex spreads vary from one country but start from 0. There are no withdrawals and deposit fees on XTB, but there is a conversion fee from one currency to another. You can avoid this by creating a digital wallet since it is cheaper to convert currencies.
It is free to deposit on this platform, and the currency you use to deposit is Euros. Customer support is available in different languages like Romanian. It is among the popular forex brokers where traders can open an account with no initial deposit on bank transfers.
It was founded in and has a record of providing forex services for over , clients globally. It is safe since it has been in the market for a long time. It is also regulated by the top six tier-1 regulating bodies in the forex industry.
Forex traders can open position sizes starting from 0. The leverage varies with the regulation of a country since they dictate it in their jurisdiction. IG has 7 types of forex trading accounts having specific features. Meant to cater to different diversities of traders, creating a competitive environment. The trading account, options trading account, the limited-risk account, the share dealing account, and the exchange account.
It also has a professional account for expert traders. There is also the Islamic account that follows Sharia laws. Sharia laws exempt Muslims from paying overnight fees. It is one of the other fees that the laws deem exploitative. IG has features that help traders get the best trading experience.
It has a free demo account that traders can use after registering the demo account. It has over virtual funds where forex traders can get familiar with the IG platform. It has comprehensive study materials for forex traders who want to learn to trade any financial market. It has the IG library, which has resources that cater to beginners to experienced traders. IG has a mobile app, IG academy, dedicated to only educational resources. IG utilizes the Meta Trader 4 and its proprietary trading platform.
These trading platforms with automated trading features. Traders have the option of manual or automated methods to execute trades. You can access these trading platforms via the mobile application, the desktop, and the web-based version.
It has a user-friendly platform that any trader can easily understand. It also has trading signals and charting software, where traders can observe different financial markets in different time frames. There are over 30 signal indicators, forex traders also have access to the Autochartist and the Daily Fx. Traders can get information about the market and make informed trading choices.
Ig uses the direct market access system for its platforms. This allows them to give narrow spreads close to the liquidity providers. They have an average forex spread of 0. You can deposit using bank transfer methods, Credit and debit cards, and e-wallets. They accept e-wallets such as Neteller, Skrill, and PayPal. IG caters to its different customers by providing customer support in various major languages.
Their customer care team gives fast responses, making them reliable. Forex traders contact them through live chat, social media platforms, and telephone. It was previously known as Axitrader when it got launched in In , it rebranded as AXI and is an Australian-based forex broker. It is regulated in many countries, with top tier 1 regulators. It has no minimum deposit requirements to open an account. Forex traders are free to choose how much they wish to use for trading as long as it is sufficient to trade and avoid a margin call.
AXI gives traders access to various lot sizes from the mini size to the standard lot size, you can start from as little as 0. Traders can access Commodities, CFDs, cryptocurrencies, and foreign currencies. On AXI forex traders can open the standard account or the pro account.
A standard account has no commission and trading fees but has high forex spreads. You can open an individual, a joint, or a co-operate account. There is an option of an Islamic account for Muslim traders. It has a free demo account for thirty days when forex traders can look at the AXI platform and practice trading.
It has access to many instruments and leverage of up to Furthermore, it is a good tool for new traders to use before moving to live to trade. AXI forex broker has access to quality educational articles and ebooks with well-researched topics from many instruments. They have educative videos and courses designed for forex traders.
They can learn different markets and strategies when approaching them. It has the Auto-chartist enabled in its Meta Trader 4 trading platform that helps new traders with trading signals. It also has a copy trading platform and an automated trading feature that places its traders ahead of the game.
AXI works with Psy-Quation which, performs market price analysis and provides the data to forex traders. It allows traders to make insightful decisions and reduces losses. VPS hosting gives traders a conducive environment for trading and reduces laxity. All these features are available on the mobile application, the desktop, and the web-based versions.
The spreads on AXI depend on the forex account you open. The standard account has forex spreads starting from 0. It also has no commissions, and it has high forex spreads. The pro account has narrow spreads that start from0. You can also use Skrill, Union Pay, and Neteller. Their customer support is among the top in the forex industry. It supports numerous languages used around the world. You can contact them via email and live chat for 24 hours for only five days.
It is a direct market access forex broker with no minimum deposit when you register an account. It got founded in with its headquarters in Russia and has a client base of 7 million traders. Traders on Instaforex can access trading instruments.
It gets regulated by Cyprus Securities and exchange commission. Forex traders can open positions starting from 0. It has a slightly different lot size as one standard lot in Instaforex is equal to 10, currency units instead of the traditional , It has 5 account types, each designed with features. It has a free demo account, which you can access after registration. It has a wide selection of educational materials that forex traders can use when trading.
There are webinars, videos, courses, seminars, and videos. It has the ECN feature that allows traders to trade at low costs. Traders can access over foreign currencies, stocks, commodities, and futures using ECN. InstaForex uses the Meta trader 4 trading platform to access the market. Another important aspect is research and analysis performed by over 30 analysts. They have a comprehensive analysis, profitable for all traders. You can use the automated system for trading on InstaForex. It has a desktop version, a mobile application, and a web-based platform.
InstaForex has floating spreads at an average of 0. It accepts Credit and Debit cards, and cryptocurrencies like bitcoin. The payment methods also depend on the location of the forex trader. You can contact them through email, social media platforms, and live chats.
It is a forex broker that launched in in London, UK. It has over , customers and serves more than countries. Traders can access forex, commodities, stocks, indices, cryptocurrencies, and precious metals. Think Markets has two types of accounts, the standard account with low spreads, no commissions, and no minimum deposit. Thinks Markets has a variety of charting software, forex indicators drawing tools, and more than signals from the market.
All this is available using the Meta Trader 4 and 5, and has its proprietary trading platform, think trader. It offers leverage of in most financial markets, but it changes depending on the type of regulation in a region. It has a mobile application, a desktop version, and a web-based version. Which provides access to forex trading accounts at any time of the day, wherever the clients are. You can access automated trading on their trading platforms. It has a library of educational resources such as webinars, videos, and tutorials for all types of forex traders.
The spreads depend on the accounts, for the standard account has forex spreads ranging from1. This account allows traders to open positions where the maximum lot size is 50 lots and has no commission. The ThinkZero account has forex spreads of 0. It has low forex spreads, which can be used for forex traders who want to open positions.
It has no deposit or withdrawal fees. Forex traders can use credit and debit cards to deposit or withdraw currencies, Skrill, Bitpay, and Neteller. It accepts bitcoin, and the process takes a few minutes. Phone trading. Number of CFD assets. Mobile trading. Trust management. Affiliate program. Forex broker. Country of headquarters.
Countries of offices. Deposit currency. Trading conditions. Deposit method. Withdrawal method. Trading platforms. Web-based platform. Self-developed trading platform. Number of currency pairs. Stock exchange instruments. Entry to stock exchanges. Live chat. Support languages. Website languages. Standard accounts. Segregated accounts. Unlimited Demo. Foreign currency accounts.
OCO orders. Trailing stop. Guaranteed stop loss. Cashback rebate. Availability of API. Autochartist support. Trading signals. Trading with expert advisers. Speed of order execution. Maximum number of trades. Maximum position size. Minimum position size. Locked Margin level. Stop Out level. Margin Call level. Fixed spreads by all accounts.
Floating spreads by all accounts. Deposit Max. Live Average. Interval: 5 min 10 min 30 min 1 hour 24 hours 7 days 30 days. Real Demo. Add for comparison. Was the information useful for you? Disadvantages Required field. Comment Required field. RoboForex best broker.
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