The 6 Best Forex Brokers with a 200 Dollar No-Deposit Welcome Bonus – Rated and Reviewed. We have listed the Best Forex Brokers that offer 200 USD No-Deposit Bonuses to South African Traders.
In this in-depth write-up you will learn:
- The Best Forex Brokers with a USD 200 Welcome, No-Deposit Bonus – a List
- A List of the Best Forex Brokers with a USD 200 (100% Deposit) Registration, or, Sign-Up Credit Bonus in 2023
- The Best Brokers with $10, $30, $50, $100, $200, $500, $1000, or $1000 free No-Deposit or Deposit Bonus offers – Revealed.
- What is a Forex No Deposit Bonus and can you withdraw it?
- The Highest No-Deposit Bonus Available
- Are there free bonus offers available for existing clients in South Africa?
and much, much more!
6 Best 200 Dollar Welcome Bonus Brokers – a Comparison
| 🔎 Broker | 📌 Bonus Overview | 🎉 Claim Here | 🤝 Affiliate Option | 🎁 Additional Offers |
| 🥳 Libertex | 100% Welcome Bonus | 👉 Click Here | ✅ Yes | Loyalty Program |
| 🪅 Baxia | 100% Welcome Bonus | 👉 Click Here | ✅ Yes | 40% Floating Bonus |
| 💝 SuperForex | 100% Welcome Bonus | 👉 Click Here | ✅ Yes | Easy Deposit Welcome+ Energy+ Hot |
| 🎈 InstaForex | 100% Welcome Bonus | 👉 Click Here | ✅ Yes | 55% Bonus 30% Bonus Club Bonus Chancy Deposit |
| 🎉 Admirals | 100% Welcome Bonus | 👉 Click Here | ✅ Yes | Cashback |
| 🍾 MTrading | 200% Deposit Bonus | 👉 Click Here | ✅ Yes | 30 USD Welcome Account |
6 Best 200 Dollar Welcome Bonus Brokers (2025)
- ☑️ Libertex -Overall, Best Forex Broker with a USD 200 Welcome Bonus
- ☑️ Baxia – Up to 1000 USD, 100% Deposit Bonus
- ☑️ SuperForex – Several Bonus Offers and Promotions
- ☑️ InstaForex – +100% Deposit Bonus Up to $2000 USD
- ☑️ Admirals – Best Overall Online Trading Experience
- ☑️ MTrading – Up to USD 200 Welcome Bonus
Libertex
Libertex is a leading Forex and CFDs Broker with access to a 100% Welcome Bonus and Loyalty Program. In addition, Notable Factors and Features include:
- 24/5 Customer Support
- MetaTrader 4 and MetaTrader 5
- Proprietary Mobile App
- Several Base Currencies including EUR and GBP
- Spreads from 0.0 Pips
- Leverage of up to 1:100
Supported Trading Platforms include MetaTrader 4 and MetaTrader 5. Trading instruments and Products include Forex, Metals, Indices, Soft commodities, ETFs, Bonds, and, Energies.
Overview
| 🔎 Broker | 🥇 Libertex |
| 🎁 Bonuses | 100% Welcome Bonus |
| ⏰ Support Hours | 24/5 |
| 📊 Trading Platforms | Libertex App, MetaTrader 4, MetaTrader 5 |
| 🖱️ Account Types | Libertex Portfolio, Libertex CFD Account |
| 🪙 Base Currencies | EUR, GBP, USD, CHF, PLN |
| 📌 Spreads | From 0.0 pips EUR/USD |
| 📍 Leverage | Up to 1:1000 |
| 💷 Currency Pairs | 50+; major, minor, and exotic pairs |
| 💶 Minimum Deposit | 10 USD |
| 💵 Inactivity Fee | 10 EUR after 6 months of inactivity |
| 🔊 Website Languages | English, Spanish, Vietnamese, Chinese |
| 💴 Fees and Commissions | Spreads from 0.0 pips, commissions vary |
| 🥰 Affiliate Program | ✅Yes |
| 🅰️ Scalping | ✅Yes |
| 🅱️ Hedging | ✅Yes |
| 📐 Trading Instruments | Forex, metals, indices, soft commodities, ETFs, bonds, energies |
| 🚀 Open an Account | 👉 Click Here |
Welcome Bonus, Additional Bonus Offers, Affiliate Options + Promotions
Libertex offers access to a 100% Deposit Bonus with a maximum bonus amount of 10’000 USD. The minimum deposit required is 100 USD. To claim the Libertex Welcome Bonus, traders must complete and pass the registration procedure and deposit the minimum amount specified.
In addition, a Loyalty Program is offered with:
- Weekly Investment Ideas
- Tailored Trading Terms
- VIP Manager Support
Participants have access to exclusive benefits and deals.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Client funds kept in segregated accounts | Restricted leverage for retail traders |
| ICS member | Limited education |
| Powerful proprietary trading software | A limited choice between trading accounts |
| Transparent Fees | Missing Platform Features |
| User-Friendly Platform | No Tier-1 Regulation |
Our Findings
The Libertex Welcome Bonus has a low minimum deposit and a high stop-out level. In addition, the process to claim is straightforward.
Traders Findings
I love the trading environment and the trading signals. It allows me to make good decisions. – Mike
Min Deposit
USD 10
Regulators
CySEC
Trading Platform
MT4, MT5, Libertex Platform
Crypto
Yes
Total Pairs
0
Trading Fees
Low
Account Activation
24 Hours
Baxia
Baxia is a highly trusted and popular forex broker that offers a 100% Deposit Bonus is offered, with a USD 1000 stop out. The SCB of The Bahamas and the FSA of The Seychelles oversee it. Notable attributes and Broker components consist of:
- Leverage off Up to 1:2000
- A low 50 USD Minimum Deposit
- MetaTrader 4 and MetaTrader 5
Trading instruments and Products include Currencies, Indices, Metals, and, Energies.
Overview
| 🔎 Broker | 🥇 Baxia Markets |
| ⚖️ Regulation | SCB, FSA Seychelles |
| 💻 Trading Platform | MetaTrader 4 MetaTrader 5 |
| 💰 Withdrawal Fee | ✅ Yes |
| 📈 Demo Account | ✅ Yes |
| 💳 Minimum Deposit | 920 ZAR ($50) |
| 📈 Leverage | 1:500 |
| 📈 Spread | 0.0 pips |
| 💰 Commissions | $7 |
| 🌐 Margin Call/Stop-Out | 90%/20% |
| 📊 Order Execution | Market |
| 💰 No-Deposit Bonus | None |
| 📈 Cent Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Welcome Bonus, Additional Bonus Offers, Affiliate Options + Promotions
Baxia offers a USD 30 Welcome Bonus, requiring a minimum deposit of USD 50. In addition, a 100% Deposit Bonus is offered, with a USD 1000 stop out. In addition, for a limited time, a 40% Floating Deposit Bonus is offered to all traders.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Tight Spreads | Baxia Markets does not have Tier-1 regulation |
| High Leverage | Offshore Regulation |
| Multiple Account Types | Limited Information |
| MetaTrader Platforms | Limited Asset Selection |
| Copy Trading | Potential withdrawal issues |
Our Findings
Baxia offers access to multiple distinctive features, including educational resources, various trading tools, and, tight spreads on major currencies.
Traders Findings
I’ve had a fantastic experience trading with Baxia. The execution of trades is smooth and quick, ensuring that I can enter and exit positions effectively. – Muhammad
Min Deposit
USD 50
Regulators
SCB, FSA
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
SuperForex
SuperForex is a multi-award-winning Forex services provider that offers access to mobile trading, 100% fund security, local currency accounts and, several Bonus Offers. Notable Factors and features include:
- Low Minimum Deposit
- Commission Free Trading
- Several Bonus Offers
- 24/5 Customer Support
- Leverage of up to 1:1000
- Micro Cent Account
Trading instruments and Products include currency pairs, futures, major company shares, and stock indices.
Overview
| 🔎 Broker | 🥇 SuperForex |
| 📌 Regulation | IFSC |
| 💰 Min. Deposit | $1 USD |
| 🔁 Spreads | Variable |
| 💵 Commission | None |
| 💳 Deposit Fee | None |
| 🪙 Withdrawal Fee | None |
| 📈 Max Leverage | 1:1000 |
| 🎉 Bonus Offers | ✅ Yes |
| 👥 Customer Support | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Welcome Bonus, Additional Bonus Offers, Affiliate Options + Promotions
SuperForex has impressive bonus options on offer. Traders will be able to choose between:
- Easy Deposit Bonus
- Welcome+ Bonus
- Energy+ Bonus
- Hot Bonus
The SuperForex Welcome Bonus will credit 100% of the trader’s first deposit immediately whereas the 75% Energy+ Bonus comes with no limitations by profit, time frames, and on the bonus itself.
Pros and Cons
| ✅ Pros | ❌ Cons |
| User-Friendly Trading Platforms | Does not accept US Traders |
| Multiple Trading Platforms | MT5 not available |
| Great Customer Support | Withdrawal Fees |
| Low Minimum Deposit | Mixed Reviews |
| Copy Trading | Limited Educational Resources |
Our Findings
We have found that SuperForex has an impressive all-around offering, with access to several account types, trusted trading platforms, and, several bonus offers.
Traders Findings
I have been trading with this broker for more than 7 years, and have been a partner for about 4 years. I have experienced great service from day one. – Chris
Min Deposit
USD 1
Regulators
IFSC
Trading Platform
MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
InstaForex
InstaForex is a leading popular broker choice for both professional and novice traders. Aside from the multitude of Bonus Offers and Contests on offer, beginner traders can learn the trade via Video Tutorials and a Knowledge Base. Notable Factors and Features include:
- 24/5 Customer Support
- USD and EUR Base Currencies
- Spreads from 0.0 Pips
- Access to over 100 Currency Pairs
- Low 1 USD Min. Deposit
Supported Trading Platforms include MetaTrader 4, MetaTrader 5, WebIFX, InstaForex Multi-Terminal, InstaForex WebTrader, InstaTick Trader, and, InstaForex MobileTrader. Instruments available for trade are Forex, Shares, Indices, Precious metals, Energies, Commodity futures, Cryptocurrencies, and, InstaFutures.
Overview
| 🔎 Broker | 🥇 InstaForex |
| ⭐ Regulation and Licenses | BVI FSC, CySEC, FSA SVG, FCA |
| ⏰ Support Hours | 24/5 |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, WebIFX, InstaForex Multi-Terminal, InstaForex WebTrader, InstaTick Trader, InstaForex MobileTrader |
| 🖱️ Account Types | Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica |
| 🤝 Base Currencies | USD, EUR |
| 📊 Spreads | From 0.0 pips |
| 📈 Leverage | Up to 1:1000 |
| 💸 Currency Pairs | 110.minor, major, and exotic pairs |
| 💳 Minimum Deposit | 1 USD |
| 🚫 Inactivity Fee | ✅Yes |
| 🤝 Fees and Commissions | Spreads from 0.0 pips, commissions from 0.3% |
| ✅ Affiliate Program | ✅Yes |
| 🅰️ Scalping | ✅Yes |
| 🅱️ Hedging | ✅Yes |
| ⚙️ Trading Instruments | Forex, shares, indices, precious metals, energies, commodity futures, cryptocurrencies, InstaFutures |
| 🚀Open an Account | 👉 Open Account |
Welcome Bonus, Additional Bonus Offers, Affiliate Options + Promotions
InstaForex in no way falls short with the selection of campaigns it has on offer. Promotions range from Bonuses to Contests and Events. Bonuses to choose from include:
- 100% Bonus
- 55% Bonus
- 30% Bonus
- Club Bonus
The 100 % Bonus, 55% Bonus, and 30% Bonus offers will be available for new and existing clients. The 30% and 55% Bonus offers are available without verification, and profits will be made available for withdrawal. Contest offers include the New Grand Choice, Lucky Trader, and, Sniper Options.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low minimum deposit (starting at $1) | Limited regulation (primarily CySEC, BVI FSC) |
| Wide range of trading instruments (Forex, stocks, commodities) | No guaranteed payout (GP) for trading indices or stocks |
| Multiple account types (including PAMM accounts) | Swap fees apply for overnight positions |
| Offers demo account for practice | Inactivity fee ($10 after 12 months of no trading) |
| Negative balance protection | Complex fee structure may be unclear to beginners |
| Two-step authentication for added security | Limited customer support availability during peak times |
| User-friendly trading platform (MetaTrader 4 & 5) | No VPS hosting for traders |
| Educational resources available for beginners | Withdrawal fees may apply depending on the method |
| Affiliate and IB programs available | Not suitable for U.S. clients |
| Responsive customer support (live chat and email) | No support for accounts in local currencies (ZAR, etc.) |
Our Findings
InstaForex offers access to competitive spreads starting at 0.0 pips and adjustable leverage up to 1:1000. Moreover, it is well-suited to both beginners and active traders.
Traders Findings
I have been with InstaForex for 5 years and all the main services run like clockwork. – Peter
Min Deposit
USD 1
Regulators
CySEC, FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
107+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Admirals
Admirals is an FSCA Regulated Forex Broker that offers investors the opportunity to Trade or invest in 3,700+ trading instruments. Admirals also offer access to Bonus and cashback offers. Notable factors and Features include:
- 24/5 Customer Support
- MetaTrader 4 and MetaTrader 5
- Proprietary Mobile App
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Access to over 8- Currency Pairs
Trading Instruments available include Forex, Crypto CFDS, Indices, Stocks, ETFs, and, Bonds.
Overview
| 🔎 Broker | 🥇 Admirals |
| 📌Regulation and Licenses | FCA, ASIC, CySEC, JSC,FSCA, FSA,CMA |
| 💰Bonuses | Referral bonus, welcome bonus, no-deposit bonus, cashback program |
| ⏰Support Hours | 24/5 |
| 📈Trading Platforms | MetaTrader 4, MetaTrader 5, Admirals App |
| 📉Account Types | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5 |
| 💴Base Currencies | EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON |
| 💹Spreads | From 0.0 pips |
| 📊Leverage | Up to 1:1000 |
| 💵Currency Pairs | 80+, major, minor, and exotic pairs |
| 💶Minimum Deposit | 25 USD |
| 💷Inactivity Fee | ✅Yes |
| 💻Website Languages | English, German, French, Italian, Romanian, Spanish, Portuguese, Russian, Polish, and others |
| 💰Fees and Commissions | Spreads from 0.0 pips, commissions from $0.02 |
| 🤝Affiliate Program | ✅Yes |
| 🅰️Scalping | ✅Yes |
| 🅱️Hedging | ✅Yes |
| ⚙️Trading Instruments | ESG, Forex, Crypto CFDS, Indices, Stocks, ETFs, Bonds |
| 🚀Open an Account | 👉 Open Account |
Welcome Bonus, Additional Bonus Offers, Affiliate Options + Promotions
Admirals offer access to a 100% Welcome Bonus with a minimum deposit required of 25 USD. A maximum bonus of up to 5000 USD is available. Admirals Cashback rewards and a Pro.Cashback Option is available.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Segregated client accounts | No fixed spread accounts |
| Zero-pip spreads on certain accounts | Fractional share trading is not offered |
| Large range of financial instruments | Inactivity fees apply |
| MetaTrader 4 and 5 | Limited Account Types for Beginners |
| Comprehensive educational material | Limited Customer Support |
Our Findings
Admirals stand out with low trading fees, easy-to-use trading platforms, and, impressive customer support.
Traders Findings
I have been trading with Admirals for several years and my experience has been positive overall.
Min Deposit
USD 1
Regulators
FCA, CySEC, ASIC and FSCA
Trading Platform
MT4, MT5, WebTrader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
MTrading
MTrading makes a USD 30 Welcome Bonus available from which all profits can be withdrawn. Furthermore, the Dynamic IB Partnership Program offers an Extra 10% Reward. License and Regulations include the IFSC and the EFSA. Notable factors and features include:
- A 100 USD Minimum Deposit
- Leverage of up to 1:1000
- 24/5 Customer Support
- Multiple Trusted Deposit Option
Tradable assets include CFDs, Currency pairs, Energies, Stocks, Indices, Precious metals, and, Cryptocurrencies.
Overview
| 🔎 Broker | 🥇 MTrading |
| 📍 Headquartered | Belize |
| 📌 Regulating Authorities | IFSC (Indian Financial Systems Code) and the EFSA (Estonian Financial Supervision Authority) |
| ☪️ Islamic account (swap-free) | None |
| 🆓 Demo Account | ✅Yes |
| 📈 Institutional Accounts | None |
| 📉 Managed Accounts | None |
| 📊 Maximum Leverage | 1:1000 |
| 💰 Minimum Deposit | 100 USD |
| ↪️ Deposit Options | Wire Transfer, Visa, Mastercard and Neteller |
| 💳 Withdrawal Options | Wire Transfer, Visa, Mastercard and Neteller |
| 💻 Platform Types | MetaTrader4, Web based platform, MT4 Supreme Edition and MT4 Multiterminal |
| 💹 Tradable assets offered | CFDs, Over 30 Currency pairs, Energies, Stocks, Indices, Precious metals, Cryptocurrencies |
| 📆 Customer Service Hours | 24/5 |
| 🚀Open an Account | 👉 Open Account |
Welcome Bonus, Additional Bonus Offers, Affiliate Options + Promotion
A USD 30 Welcome Bonus is offered by MTrading, from which all gains can be withdrawn. The Dynamic IB Partnership Program also provides an additional 10% reward. Additionally, all new and current customers who open an M.Premium account can receive a Deposit Bonus of up to 200%.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Regulated | Lacking Customer Support |
| Multiple Account Types | No Islamic Account |
| MetaTrader 4 | Limited range of trading assets |
| High Leverage | Low Trust Score |
| Negative Balance Protection | Withdrawal Issues |
Our Findings
Offering trading platforms and accounts for both novice and seasoned traders, MTrading caters to traders of all skill levels.
Traders Findings
I am genuinely satisfied with this broker’s service and trading conditions. – Harry
Min Deposit
USD 100
Regulators
IFSC, EFSA
Trading Platform
MT4, WebTrader
Crypto
Yes
Total Pairs
30+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
What is a forex no-deposit bonus?
A forex no-deposit bonus is a promotional offer by some brokers that grants traders a small amount of virtual money to trade within a live account, without requiring an initial deposit.
In Conclusion
Now it is your turn to participate:
- Which USD 200 No-Deposit Welcome Bonus broker from this list do you intend to test out?
- What was the determining factor in your decision to engage with a specific broker?
- Was it because of the Bonus Amount or because of the Pros and Cons?
Regardless, please share your thoughts in the comments below.
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Our Findings
A Forex No-Deposit Bonus comes with Pros and Cons. Traders will be able to experience Forex Trading without risking any of their own money. However, with small bonus amounts, even with successful trades, the potential profits are capped by the bonus amount.
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Frequently Asked Questions
What is a forex no-deposit bonus?
A forex no-deposit bonus is a promotional offer by some brokers that grants traders a small amount of virtual money to trade within a live account, without requiring an initial deposit.
Why do forex brokers offer no-deposit bonuses?
Brokers offer these bonuses to attract new clients and allow them to experience live trading with minimal risk. Moreover, it can be used to build confidence and brand awareness.
Are no-deposit bonuses a good way to start forex trading?
It is a good introduction as traders will experience live forex trading without risking any of their own money. However, Real success requires proper education and a solid trading strategy.
What are the downsides of no-deposit bonuses?
Often, no-deposit bonuses come with high rollover requirements, making it difficult to withdraw profits earned with the bonus. Moreover, limited profit potential may apply.
What is a typical bonus amount for no-deposit offers?
Bonuses typically range from $10 to $50. Some brokers might offer no-deposit bonuses as low as $5 or $10 but the most common range for these bonuses is between $20 and $30.
How long do no-deposit bonuses typically last?
The duration varies between brokers. Typically, no-deposit bonuses last for a short period, ranging from a few days to a few months.
How do I claim a no-deposit bonus?
The process varies. Typically, it involves opening a new account. In general, the Broker will automatically credit the bonus to the trader’s account after successful account opening and verification.
Should I focus on the bonus amount when choosing a broker?
The priority should be on factors like regulation, fees, platform usability, and educational resources. No-deposit bonuses are typically small, ranging from 10 USD to 50 USD, with the focus on the overall trading costs, including spreads, and commissions being a very important factor.
Can I lose money when trading with a no-deposit bonus?
Since the trader is not using their funds, they can only lose the bonus. Traders cannot lose more than the bonus amount itself.
Is it possible to make real profits with a no-deposit bonus?
Yes, but it’s challenging due to low starting amounts and high rollover requirements. This means traders will need to trade a large volume before they can withdraw any profits earned using the bonus.
What are some alternatives to no-deposit bonuses for beginners?
Many brokers offer demo accounts with virtual funds, allowing you to practice trading without risk.
Top 4 Brokers
