All Share (J203) = 88 342
Rand / Dollar = 18.58
Rand / Pound = 23.35
Rand / Euro = 19.33
Gold (usd/oz) = 2 928.65
Platinum (usd/oz) = 969.20
Brent (usd/barrel) = 76.29
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

10 Best Forex No Deposit Bonus Brokers

Best Forex No Deposit Bonus

 

The 10 Best Forex No-Deposit Bonus offers for 2025* have been revealed. We have rated and reviewed the Best Forex Brokers with no deposit, sign-up, or welcome bonus provided in South Africa. Sign up and get up to 100% sign-up bonus.

In this comprehensive article, you will learn:

 

And much, much more!

 

10 Best Forex No Deposit Bonus in 2025 – A Comparison

🔎 Broker👉Claim Sign Up Bonus💸No Deposit, Sign-Up, Welcome Bonus Offers📌Additional Welcome Bonus Offers
🥇Tickmill👉Open Account$30 USD Welcome Account
Trader of the Month
NFP Contest
IB Contest
Trade More, Get More
🥈RoboForex👉Open Account$30 USD Welcome BonusCashback Rebates
🥉InstaForex👉Open Account$1000 USD Start-Up Bonus100% Bonus,
55% Bonus,
30% Bonus,
Club Bonus
🥇SuperForex👉Open Account$50 No Deposit BonusWelcome Bonus (50%)
100% Energy Bonus
120% Hot Bonus
300% bonus on deposits
🥈FxOpen👉Open Account$10 No Deposit Bonus available for new users.100% deposit bonus on initial deposits up to $200.
🥉Windsor Brokers👉Open Account$30 free account to new traders.Welcome bonuses, Deposit bonuses, and other Loyalty incentives.
🥇XM👉Open Account$30 USD No Deposit Bonus50% Deposit Bonus
20% Deposit Bonus
🥈FBS👉Open AccountNo Deposit Bonus: $100$70 Quick Start Bonus
100% Deposit Bonus
🥉FreshForex👉Open AccountNo Deposit Bonus $1000.Deposit bonuses, Cashback offers,
🥇ForexChief👉Open Account$100 no deposit bonus100% deposit bonus on all deposits starting from $10, available to all clients.

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

What is a Forex No Deposit Bonus?

A welcome bonus is an incentive offered by forex brokers to attract new traders. It can come in various forms, such as a deposit match bonus (a percentage of your initial deposit added to your account) or a no-deposit bonus (free credit to trade without depositing your money).

FactorDescription
Broker RegulationHighly regulated brokers are less likely to offer large no deposit bonuses due to potential for abuse.
Bonus AmountLarger bonuses often come with stricter terms and conditions.
Trading Volume RequirementsBrokers may require a high trading volume to be met before withdrawing profits earned with the bonus.
Profit Withdrawal LimitsLimits may be placed on how much profit can be withdrawn from the no deposit bonus.
Asset RestrictionsThe bonus may only be usable on certain currency pairs or asset classes.
Account VerificationFull account verification may be required before withdrawing any profits.
Time LimitsThe bonus may have a time limit for use, after which it expires
Inactivity ClausesThere may be clauses requiring minimum trading activity to maintain the bonus.

 

10 Best Forex Brokers with a No Deposit Bonus (2025*)

  1. ☑️ Tickmill – Best No-Deposit Bonus Forex Broker.
  2. ☑️ RoboForex – $30 no deposit bonus.
  3. ☑️ InstaForex – Biggest Welcome bonus in the industry of $1000.
  4. ☑️ SuperForex – A no-deposit bonus of $88.
  5. ☑️ FXOpen – $10 no-deposit bonus to new traders.
  6. ☑️ Windsor Brokers – Simple No-Deposit Bonus Claim.
  7. ☑️ XM – Overall, the Best Online and Mobile Trading Experience.
  8. ☑️ FBS – A no-deposit bonus of up to $100.
  9. ☑️ FreshForex – Offers a no-deposit bonus of up to $100.
  10. ☑️ ForexChief – Multiple Contests and Bonus Options.

 

1. Tickmill

rev tickmill

 

Tickmill offers a no-deposit bonus of $30, allowing new traders to explore its platform and trading conditions without initial investment, making it an attractive option for beginners.

 

Min Deposit

USD 100

Regulators

CySEC, FCA, FSA, FSCA

Trading Platform

MT4, MT5, Tickmill Trader

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Tickmill offers new traders a $30 Welcome Bonus, functioning similarly to a no-deposit bonus.

Key points to consider:

Risk-Free Trading:

Trade with bonus funds without using your own money.

 

Withdrawable Profits:

Any profits earned using the bonus can be withdrawn.

 

No Initial Deposit:

No personal funds are required to claim the bonus.
This makes Tickmill’s Welcome Bonus an attractive option for traders looking to test the platform or explore trading without financial risk.

 

Features

🔎Broker🥇Tickmill
Company Information
📅Year Founded2014
👨Current CEODuncan Anderson
🧑‍🤝‍🧑Founder/sNot publicly available
🧑🏻‍💻Amount of staff441
👩‍💻Amount of active tradersOver 400 000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSA, FCA, CySEC, FSCA
🌎Country of regulationSeychelles, UK, Cyprus, South Africa
💻Account SegregationYes
🪫Negative balance protectionYes
⛗Two-step AuthenticationYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsPlus account and Raw account
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD, EUR, GBP, ZAR
💰Minimum DepositUSD 100 / 1812 ZAR
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant to 1 business day
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads from0.0 pips
💸CommissionsVaries by account type, often commission-free, $2 per side per lot (Pro Account)
💱Number of base currencies supported4 (EUR, USD, GBP, PLN)
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:1000
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes, for an additional fee
Trading Instruments
🧾CFDs-Total OfferedOver 725
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
👁️‍🗨 WatchlistYes
🔔 Trade AlertsYes
💼 Trading Stocks with GPYes
📉 Trading Indices with GPYes
💹 Swap on Trading BoardYes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT)
💵Withdrawal OptionsCredit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT)
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App
👩‍💻OS CompatibilityWindows, macOS, iOS, Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addresssupport@tickmill.com
📞Customer Support Contact NumberSouth Africa: +278 7250 0696
International: +852 5808 7849
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on Website17 Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners9000+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open Account👉Open Account

 

No Deposit Bonus Features

💰 Maximum Trading Credit$30
⏳ Validity Period60 days after registration
⏱️ Withdrawal Timeframe14 days
💵 Minimum Withdrawable Profit$30
🎯 Maximum Withdrawal Profit$100
💳 Minimum Deposit to Withdraw Profit$100
📈 Account ConditionsSame as the Pro Account
👉Open AccountOpen Account

 

Tickmill No Deposit Bonus

 

Pros and Cons

✅ Pros❌ Cons
Advanced trading platforms such as MetaTrader 4 and 5 are available to South AfricansTickmill provides a limited set of research tools and market analysis
South Africans can take part in frequent promotions and competitions, including a $30 no-deposit bonusSouth Africans may find educational options that are less targeted to local market needs
Tickmill provides risk management solutions to help traders manage their trading risks effectivelyPromotional offers and bonuses may be less appealing to South Africans compared to some local competitors

 

Our Findings

The no-deposit bonus offered by Tickmill is very attractive for new traders, as they can immediately start trading without investing their money. Still, there are limitations with regard to the amount that can be withdrawn and the number of trades to be executed before withdrawing the cash. So, the bonus terms and conditions have to be read carefully before accepting the bonus.

 

2. RoboForex

 

RoboForex Review

 

RoboForex is a trusted online broker that offers access to trading assets on its Pro-Cent, Pro-Standard, and RAMM accounts. It also offers a wide selection of trading platforms, including MT4 and MT5.

 

Min Deposit

USD 10

Regulators

IFSC

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

36

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

RoboForex provides a variety of bonuses and promotional offers aimed at enhancing the trading experience for both new and existing clients. These include:

No Deposit Bonus:

New users can claim a $30 USD No Deposit Bonus simply by registering.
Available for Pro and ProCent accounts.
Welcome Bonuses:

Offered to new clients upon account creation, providing additional funds to explore trading opportunities.

 

Deposit Bonuses:

Rewards are given when depositing specific amounts into a trading account, boosting available funds.
Contests and Tournaments:

Regular trading contests and tournaments with attractive prize pools to test and showcase trading skills.

 

Additional Benefits:

  • Free withdrawal of funds.
  • Cashback Rebates.
  • Access to a VIP Client Program.
  • Complimentary VPS server to enhance trading efficiency.

 

These promotions are periodically updated, reflecting RoboForex’s commitment to supporting traders with innovative and rewarding offers.

 

Features

Company Information
📅Year Founded2009
🧑🏻‍💻Amount of staff200+
👩‍💻Amount of active traders1,000,000+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationIFSC (Belize), CySEC (Cyprus), FSC (Mauritius)
🌎Country of regulationBelize, Cyprus, Mauritius
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes, up to €20,000 (CySEC Clients)
Account Types and Features
➕AccountsStandard, Pro-Cent, ECN, Prime, R Trader
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD, EUR, GBP, CHF, BTC
💰Minimum Deposit$10 (varies by account type)
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant for deposits, 1-3 business days for withdrawals
🪙Fund Withdrawal FeeNo fees on most methods
📊Spreads from0.0 pips (ECN accounts)
💸CommissionsVaries (None on Standard, from $2 per lot on ECN)
💱Number of base currencies supported9+
🚀Swap FeesYes
📈LeverageUp to 1:2000
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.1 seconds on average
📆VPS HostingFree VPS for qualifying accounts
Trading Instruments
🧾CFDs-Total Offered12,000+
🗠CFD Stock Indices10+
⚖️CFD Commodities10+
📜CFD Shares3,000+
Deposits and Withdrawals
💳Deposit OptionsBank Transfer, Credit/Debit Cards, E-Wallets, Cryptocurrencies
💵Withdrawal OptionsBank Transfer, Credit/Debit Cards, E-Wallets, Cryptocurrencies
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader, R Trader
👩‍💻OS CompatibilityWindows, MacOS, iOS, Android
🖥️Forex trading toolsTrading Central, Autochartist, VPS, CopyFX
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addresssupport@roboforex.com
📞Customer Support Contact Number+65 3158 8389
👾Social media PlatformsFacebook, Twitter, LinkedIn, Instagram, YouTube
🗣️Languages supported on Website18+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles, Video Tutorials, Analysis Tools
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners15,000+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open AccountOpen Account

 

No Deposit Bonus Features

💰 No-Deposit Bonus AmountUp to $30
🎯 EligibilityNew clients who have not yet made a deposit
📂 Eligible Account for Sign-up BonusStandard account
📝 Sign-up Bonus Withdrawal EligibilityProfits earned from trading with the bonus can be withdrawn after meeting certain trading volume requirements
⏳ Sign-up Bonus ExpiryThe bonus may have a specific expiration date, which should be checked on the RoboForex website or with their customer support
👉Open AccountOpen Account

 

RoboForex No Deposit Bonus

Pros and Cons

✅ Pros❌ Cons
Understanding True Trading CostsPotential Overlooking of Spreads
Realistic Practice EnvironmentThe functionality on mobile trading apps might not be as rich as that on desktop apps or web-based platforms
Tight spreads from 0 pipsRisk of Slippage
Platform OptionsConsider using a RoboForex standard account demo to practice trading with a lower barrier to entry.

 

Our Findings

 

3. InstaForex

InstaForex Review South Africa

 

InstaForex offers its clients access to over 300 instruments and leverage of up to 1:1000. InstaForex is authorized and licensed by the Financial Services Commission (FSC) under the Securities and Investment Business Act (SIBA), the British Virgin Islands (BVI).

 

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

 

This broker offers a $1000 USD Start-Up bonus without a minimum deposit. The bonus is automatically credited to the user’s newly registered account.

 

InstaForex makes 4 additional bonus offers available, including:

  • 100% Bonus on the First Deposit
  • 55% Bonus on every Deposit
  • 30% Bonus on every Deposit
  • Club Bonus on every Deposit

 

Features

🔎 Broker🥇 InstaForex
🗓Year Founded2007
👥Amount of Staff1000+
🧑🏽‍🤝‍🧑🏽Amount of Active TradersOver 7 million
📌Publicly Traded (Listed Company)No
Regulation and Security
🛡️ RegulationCySEC, BVI FSC
🏦Country of RegulationCyprus, British Virgin Islands
💴Account SegregationYes
🔑Negative Balance ProtectionYes
📑Investor Protection SchemesYes (for CySEC regulated clients)
Account Types and Features
👤Institutional AccountsNo
📒Managed AccountsYes (PAMM Accounts)
📋Minor Account CurrenciesUSD, EUR, GBP, others
🪙Minimum Deposit$1
Trading Conditions
💷Average Deposit/Withdrawal Processing Time1-3 business days
💵Fund Withdrawal FeeVaries by method
📉Spreads From0.0 pips (depending on account type)
📈CommissionsVaries by account type
💹Number of Base Currencies Supported9
📊Swap FeesYes
↪️LeverageUp to 1:1000
📌Margin RequirementsVaries by leverage
☪️Islamic Account (Swap-Free)Yes
🆓Demo AccountYes
⏰Order Execution TimeLess than 1 second
📲VPS HostingYes
Trading Instruments
📍CFDs-Total Offered200+
📍CFD Stock Indices19+
📍CFD Commodities20+
📍CFD Shares100+
Deposits and Withdrawals
💳Deposit OptionsBank transfer, credit/debit cards, e-wallets, crypto
🪙Withdrawal OptionsBank transfer, credit/debit cards, e-wallets, crypto
Trading Platforms and Tools
🖥️Trading PlatformsMetaTrader 4, MetaTrader 5, InstaForex proprietary platform
📱OS CompatibilityWindows, MacOS, iOS, Android
⚙️Forex Trading ToolsVPS, Trading Signals, Market Analysis, Forex Calculator
Customer Support
🗣️Live Chat AvailabilityYes
📧Customer Support Email Addresssupport@mail.instaforex.com
📞Customer Support Contact NumberNot rovided
🖥Social Media PlatformsFacebook, Twitter, Instagram, YouTube
🔖Languages Supported on FBS WebsiteEnglish, Russian, Spanish, Chinese, others
Educational Resources and Support
📜Forex CourseYes
🖥WebinarsYes
📚Educational ResourcesArticles, Videos, Tutorials, eBooks
Partnerships and Programs
🤝Affiliate ProgramYes
👥Amount of Partners1000+
🗂IB ProgramYes
❓Do They Sponsor Any Notable Events or Teams?Yes, various sponsorships
✅Rebate ProgramYes
🚀 Open an AccountOpen Account

 

No Deposit Bonus Features

💰 No-Deposit Bonus AmountUp to $100
🎯 EligibilityNew clients who have not previously opened an account with InstaForex
📂 Eligible Account for Sign-up BonusStandard, Cent, or ECN accounts
📝 Sign-up Bonus Withdrawal EligibilityAfter meeting certain trading volume requirements
⏳ Sign-up Bonus ExpiryMay have a specific expiration date, check with InstaForex for details
👉Open AccountOpen Account

 

InstaForex No Deposit Bonus

 

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 practiceInactivity fee ($10 after 12 months of no trading)
Negative balance protectionComplex fee structure may be unclear to beginners
Two-step authentication for added securityLimited customer support availability during peak times
User-friendly trading platform (MetaTrader 4 & 5)No VPS hosting for traders
Educational resources available for beginnersWithdrawal fees may apply depending on the method
Affiliate and IB programs availableNot suitable for U.S. clients
Responsive customer support (live chat and email)No support for accounts in local currencies (ZAR, etc.)

 

Our Findings

 

4. SuperForex

SuperForex Review Banner

 

SuperForex is a global broker that offers access to top-tier services in trading and investment in the financial markets in over 150 countries.

 

Min Deposit

USD 1

Regulators

IFSC

Trading Platform

MT4

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The broker offers a $88 USD No-Deposit Bonus that can be increased to $99 USD with a $10 USD deposit. A standard account must be registered and verified to claim the SuperForex $88 USD No-Deposit Bonus.

 

They make 4 additional bonus offers available, including:

  • 3000% Easy Deposit Bonus
  • 100% Welcome Bonus
  • 75% Energy+ Bonus
  • 750% Extreme Hot Bonus
  • Refer a Friend

 

Features

🔎Broker🥇SuperForex
Company Information
📅 Year Founded2013
🧑🏻‍💻 Amount of staff98+
👩‍💻 Amount of active traders400,000+
🌐 Publicly Traded (Listed Company)No
Regulation and Security
🛡️ RegulationIFSC (Belize)
🌎 Country of regulationBelize
💻 Account SegregationYes
🪫 Negative balance protectionYes
🔋 Investor Protection SchemesNo
Account Types and Features
➕ AccountsStandard, Swap-Free, No Spread, Crypto
💳 Institutional AccountsYes
👨‍💼 Managed AccountsNo
📇 Minor account currenciesYes (EUR, GBP, JPY)
💰 Minimum Deposit$1
Trading Conditions
🕞 Deposit/withdrawal processingInstant for most methods
🪙 Fund Withdrawal FeeNone (but depends on withdrawal method)
📊 Spreads from0.0 pips (No Spread Account)
💸 CommissionsNo commission on Standard accounts
💱 Number of base currencies12+
🚀 Swap FeesYes (except Swap-Free accounts)
📈 LeverageUp to 1:2000
📏 Margin requirementsVariable based on leverage
☪️ Islamic account (swap-free)Yes
💻 Demo AccountYes
⌛ Order Execution Time0.03 seconds on average
📆 VPS HostingYes, free for eligible clients
Trading Instruments
🧾 CFDs - Total Offered400+
🗠 CFD Stock Indices11
⚖️ CFD Commodities7
📜 CFD Shares100+
Deposits and Withdrawals
💳 Deposit OptionsBank Transfer, Credit/Debit Cards, E-wallets
💵 Withdrawal OptionsBank Transfer, Credit/Debit Cards, E-wallets
Trading Platforms/Tools
💻 Trading PlatformsMetaTrader 4, MetaTrader 5
👩‍💻 OS CompatibilityWindows, macOS, iOS, Android
🖥️ Forex trading toolsEconomic Calendar, Market News, AutoChartist
Customer Support
🗣️ Live chat availabilityYes (24/5)
📱 Customer Support emailsupport@superforex.com
📞 Customer Support Contact Number+442032877101
👾 Social media PlatformsFacebook, Twitter, Instagram, YouTube, LinkedIn
🗣️ Languages supported10+
Educational Resources and Support
🖺 Forex courseYes (beginner to advanced)
🧏‍♀️ WebinarsYes
📚 Educational ResourcesArticles, Video Tutorials, Glossary, Market News
Partnerships and Programs
🪪 Affiliate program?Yes
👨‍🏫 Amount of partners20,000+
📋 IB ProgramYes
🚀 SponsorshipYes (various sponsorship deals)
🪙 Rebate programYes (for partners and clients)
👉 Open AccountOpen Account

 

No Deposit Bonus Features

💰 No-Deposit Bonus AmountUp to $100
🎯 EligibilityNew clients who have not opened an account before
📂 Eligible Account for Sign-up BonusStandard, Classic, or ECN accounts
📝 Sign-up Bonus Withdrawal EligibilityAfter meeting certain trading volume requirements
⏳ Sign-up Bonus Expiry30 days
👉Open AccountOpen Account

 

SuperForex No Deposit Bonus in south africa

 

Pros and Cons

✅Pros❌Cons
RegulatedOffshore regulation
Social trading supportedOnly one trading platform supported
MetaTrader 4 supportedSpreads are not the tightest in the industry

 

Our Findings

SuperForex is an online trading company that offers many financial products like Forex stocks metals oil and cryptocurrencies. They provide low fixed spreads flexible leverage options and different trading platforms. However, it’s important to remember that trading involves risks so it’s good to understand the potential downsides. Always do your research and seek advice from a financial expert when needed.

 

5. FXOpen

FXOpen Review

FxOpen offers a $10 no-deposit bonus to new traders, allowing them to start trading without an initial deposit. This bonus helps users explore the platform risk-free and experience live trading.

 

Min Deposit

USD 1

Regulators

ASIC

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

4

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

This bonus allows traders to start live trading without needing to deposit any funds initially. It is only available for specific account types, usually the STP (Straight Through Processing) account. The bonus is automatically credited once the account is verified.

 

  • The bonus cannot be withdrawn, but any profits earned from trading with it can be withdrawn after meeting certain trading volume requirements.
  • Only one no-deposit bonus is allowed per client.
  • FxOpen may have region-specific restrictions, so it’s recommended that eligibility be verified based on your location.

 

Features

🔎 Broker🥇 FXOpen
Company Information
📅Year Founded2005
🧑🏻‍💻Amount of staffApproximately 150
👩‍💻Amount of active tradersOver 1 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFCA (UK), ASIC (Australia), and others
🌎Country of regulationUnited Kingdom, Australia, and others
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard, ECN, STP, and Micro accounts
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD, EUR, GBP, JPY, AUD, and others
💰Minimum Deposit$1 (Micro account); varies by account type
Trading Conditions
🕞Average deposit/withdrawal processing timeSame day to a few business days depending on method
🪙Fund Withdrawal FeeGenerally free; varies by method
📊Spreads fromFrom 0.0 pips (ECN accounts)
💸CommissionsVaries by account type; typically $0 to $3 per lot
💱Number of base currencies supportedOver 50
🚀Swap FeesVaries depending on account type and market conditions
📈LeverageUp to 1:500
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically under 1 second
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 1000
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank transfer, credit/debit cards, e-wallets, cryptocurrencies
💵Withdrawal OptionsBank transfer, credit/debit cards, e-wallets, cryptocurrencies
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), and FXOpen’s proprietary platforms
👩‍💻OS CompatibilityWindows, MacOS, iOS, Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@fxopen.com
📞Customer Support Contact Numbertel:+6498010123
👾Social media PlatformsFacebook, Twitter, LinkedIn
🗣️Languages supported on WebsiteEnglish, Russian, Arabic, Chinese, and others
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners27 000+
📋IB ProgramYes
🪙Rebate programYes
👉Open AccountOpen Account

 

No Deposit Bonus Features

💰 No-Deposit Bonus AmountUp to $100
🎯 EligibilityNew clients who have not previously opened an account with FxOpen
📂 Eligible Account for Sign-up BonusStandard, Micro, Cent, or ECN accounts
📝 Sign-up Bonus Withdrawal EligibilityAfter meeting certain trading volume requirements
⏳ Sign-up Bonus Expiry30 days
👉Open AccountOpen Account

 

FXOpen No deposit bonus

 

Pros and Cons

✅ Pros❌ Cons
Tight spreadsHigh non-trading fees
Competitive commissionsLow leverage levels
Good variety of crypto assetsA limited selection of education
True ECN trading environment provided

 

Our Findings

 

6. Windsor Brokers

Windsor Brokers Review

 

Windsor Brokers is a renowned brokerage firm known for its ethical business practices and client-focused trading experience. They offer robust trading platforms like MetaTrader 4 and provide extensive educational tools and market analysis to enhance traders’ knowledge and decision-making in global markets.  

 

Min Deposit

USD 100

Regulators

CySEC, MiFID, BaFin, FSA, IFSC

Trading Platform

MT4

Crypto

Yes

Total Pairs

45+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Windsor Brokers offers a $30 No Deposit Bonus specifically for new clients opening Prime Accounts with base currencies in USD, EUR, GBP, or JPY.

Additional Bonus Options:
Welcome Bonus:

Percentage-based bonus on the first deposit.

No Deposit Bonus:

Bonus funds are credited without requiring a deposit.

Recurring Bonus:

Bonuses are applied to subsequent deposits.

Contests and Promotions:

Opportunities to win cash prizes or other rewards through regular contests.
These bonuses provide flexibility and rewards tailored for both new and existing traders.

 

Features

🔎Broker🥇Windsor Brokers
Company Information
📅 Year Founded1988
🧑🏻‍💻 Amount of Staff200+
👩‍💻 Amount of Active Traders100,000+
🌐 Publicly Traded (Listed Company)No
Regulation and Security
🛡️ RegulationCySEC (Cyprus), FSC (Belize)
🌎 Country of RegulationCyprus, Belize
💻 Account SegregationYes
🪫 Negative Balance ProtectionYes
🔋 Investor Protection SchemesUp to €20,000 under ICF (CySEC)
Account Types and Features
➕ AccountsStandard, Prime
💳 Institutional AccountsYes (Prime)
👨‍💼 Managed AccountsNo
📇 Minor Account CurrenciesEUR, USD
💰 Minimum Deposit$100
Trading Conditions
🕞 Deposit/Withdrawal Processing1-5 business days (depending on method)
🪙 Fund Withdrawal FeeNo
📊 Spreads from0.0 pips (Prime account)
💸 Commissions$8 per lot (Prime account)
💱 Number of Base Currencies2 (USD, EUR)
🚀 Swap FeesYes
📈 LeverageUp to 1:500
📏 Margin Requirements0.2% (varies by asset)
☪️ Islamic Account (Swap-Free)Yes
💻 Demo AccountYes
⌛ Order Execution Time0.1 seconds (average)
📆 VPS HostingYes
Trading Instruments
🧾 CFDs-Total Offered100+
🗠 CFD Stock Indices15+
⚖️ CFD Commodities10+
📜 CFD Shares100+
Deposits and Withdrawals
💳 Deposit OptionsBank wire, Credit/Debit cards, Skrill, Neteller, VLoad, PayPal
💵 Withdrawal OptionsBank wire, Credit/Debit cards, Skrill, Neteller, PayPal
Trading Platforms/Tools
💻 Trading PlatformsMetaTrader 4 (MT4), WebTrader
👩‍💻 OS CompatibilityWindows, Mac, iOS, Android
🖥️ Forex Trading ToolsEconomic calendar, Market research, Trading calculators
Customer Support
🗣️ Live Chat AvailabilityYes
📱 Customer Support Emailinfo@windsorbrokers.com
📞 Customer Support Contact Number+357 25 500500
👾 Social Media PlatformsFacebook, Twitter, LinkedIn, YouTube
🗣️ Languages SupportedEnglish, Arabic, Spanish, Greek, more
Educational Resources and Support
🖺 Forex CourseYes (Beginner to Advanced)
🧏‍♀️ WebinarsYes
📚 Educational ResourcesArticles, Tutorials, Market News, Videos
Partnerships and Programs
🪪 Affiliate Program?Yes
👨‍🏫 Amount of Partners3,000+
📋 IB ProgramYes
🚀 SponsorshipYes (varies by region)
🪙 Rebate ProgramYes
👉Open AccountOpen Account

 

No Deposit Bonus Features

💰 No-Deposit Bonus AmountUp to $30
🎯 EligibilityNew live account holders of Prime Accounts with currency base in US$, EUR €, GBP £, JPY ¥
📂 Eligible Account for Sign-up BonusOnly one $30 Free Account is permitted per household.
📝 Sign-up Bonus Withdrawal EligibilityAfter meeting certain trading volume requirements
⏳ Sign-up Bonus Expiry30 days
👉Open AccountOpen Account

 

Windsor Brokers $30

 

Pros and Cons

✅ Pros❌ Cons
Competitive FeesLimited Educational Resources
Choice of PlatformsDeposit and Withdrawal Fees
High LeverageHigh Leverage Risk
Multiple Bonus OffersLacking Customer Support
Tier-1 RegulationHigh Trading Fees

 

Our Findings

 

7. XM

XM Review

 

XM is a well-established Forex Services provider that offers access to 1000+ Trading Instruments, 247 Trading Crypto CFDs, 1000:1 Leverage, and a Bonus of Up to $5000 USD.

 

Min Deposit

USD 5

Regulators

FSC, CySEC, ASIC,

Trading Platform

MT4, MT5

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

XM offers all new clients access to a $30 USD Trading Bonus. No deposit is required to claim the bonus, which will be automatically credited to the trader’s account.

XM offers access to additional Bonus offers and Promotions, including:

  • A 50% + 20% Deposit Bonus
  • A Refer a Friend Options
  • A Loyalty Program
  • Free VPS Services

 

Features

🔎Broker🥇XM
Company Information
📅Year Founded2009
🧑🏻‍💻Amount of staff450+
👩‍💻Amount of active tradersOver 5 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSC,
CySEC,
ASIC,
🌎Country of regulationAustralia,
Cyprus,
Belize
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesICF (Investor Compensation Fund)
Account Types and Features
➕AccountsStandard,
Raw Spread,
Standard Cent,
Zero,
Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD,
EUR,
GBP,
AUD,
ZAR
💰Minimum Deposit$5 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNone
📊Spreads from0.6 pips
💸CommissionsNone
💱Number of base currencies supported11
🚀Swap FeesApplicable
📈LeverageUp to 1:1000
📏Margin requirementsVaries by asset and region
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.01 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered1,000+
🗠CFD Stock Indices30+
⚖️CFD Commodities15+
📜CFD Shares1,200+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
XM WebTrader
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsTrading signals, indicators,
VPS
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@xm.com
📞Customer Support Contact Number+357 25029933
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website25+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes (in multiple languages)
📚Educational ResourcesArticles,
tutorials,
videos,
webinars
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 5,000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, sponsorship agreement with LALIGA, the top professional football division in Spain
🪙Rebate programYes
👉Open Account👉 Open Account

 

No Deposit Bonus Features

💰 No-Deposit Bonus AmountUp to $30
🎯 EligibilityNew clients who have not yet made a deposit
📂 Eligible Account for Sign-up BonusStandard or Micro account
📝 Sign-up Bonus Withdrawal EligibilityMust meet a minimum trading volume requirement
⏳ Sign-up Bonus ExpiryTypically 30 days after activation
👉Open AccountOpen Account

 

XM No Deposit Bonus 

 

Pros and Cons

✅ Pros❌ Cons
Transparency in PricingCommissions Add Up
Commissions are charged per tradeOverlooking Spread Risks
XM emphasizes fast execution speedsLimited Educational Resources
Platform OptionsPotential Lack of Regulation

 

Our Findings

 

 

8. FBS

FBS Review

 

FBS offers a no-deposit bonus of up to $100 for new traders. This bonus allows you to trade without risking your own funds. However, there are certain conditions attached, such as trading volume requirements and withdrawal restrictions.

 

FBS offers a no-deposit bonus of up to $100 to new traders. This bonus allows you to start trading without risking your own funds.

 

It is indicative of the fact that you will be obliged to sacrifice an amount of money before they become profitable.

 

Withdrawal Restrictions:

The bonus itself is not withdrawable. It is also possible to take out only the profits which you gain during trading with the bonus.

 

Bonus Validity:

The bonus could have a fixed deadline or validity. If you do not claim the bonus within the time frame, it could be nullified.

 

Features

🔎BrokerFBS
Company Information
📅Year Founded2009
🧑🏻‍💻Amount of staff150+
👩‍💻Amount of active traders16 million+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSC,
ASIC,
CySEC
🌎Country of regulationBelize,
Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesICF (for EU clients)
Account Types and Features
➕AccountscTrader, Raw Spread, standard
💳Institutional AccountsNo
👨‍💼Managed AccountsYes (PAMM)
📇Minor account currenciesUSD,
EUR,
GBP,
THB
💰Minimum Deposit$5 USD
Trading Conditions
🕞Average deposit/withdrawal processing time15 minutes to 24 hours
🪙Fund Withdrawal FeeVaries based on payment method
📊Spreads fromFrom 0.0 pips
💸CommissionsFrom $6 per lot (ECN Account)
💱Number of base currencies supported6
🚀Swap FeesApplicable
(except Islamic accounts)
📈LeverageUp to 1:3000
📏Margin requirementsVaries based on asset
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.2 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered200+
🗠CFD Stock Indices5
⚖️CFD Commodities6
📜CFD Shares100+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
FBS Trader App
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsEconomic calendar,
market analysis,
VPS,
calculators
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@fbs.com
📞Customer Support Contact Number+357 25 313540
👾Social media PlatformsFacebook,
Instagram,
Twitter,
YouTube
🗣️Languages supported on Website18+ Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles,
videos,
tutorials,
webinars
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners18,000+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, the Qatar Economic Forum 2025
🪙Rebate programYes
👉Open Account👉 Open Account

 

No Deposit Bonus Features

💰 No-Deposit Bonus Amount$100
🎯 EligibilityNew clients upon registration
📂 Eligible Account for Sign-up BonusStandard Account
📝 Sign-up Bonus Withdrawal EligibilityCompletion of trading volume requirements
⏳ Sign-up Bonus ExpiryTypically 30 days after activation
👉Open AccountOpen Account

 

FBS No Deposit bonus

 

Pros and Cons

✅ Pros❌ Cons
Offers accounts with a very low minimum depositHigh leverage can also increase risk
Provides a wide range of account optionsSpreads can widen during market volatility
Regular bonuses
and promotions
Lacks some advanced trading tools

 

Our Findings

It is excellent for getting started without using your own money, but there is a trading volume and no withdrawal functions. 

 

9. FreshForex

FreshForex Review South Africa

 

FreshForex offers a no-deposit bonus of up to $100 for new traders. This bonus allows you to start trading without risking your own funds.

 

Min Deposit

USD 10

Regulators

Not Regulated

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

There are certain conditions attached, such as trading volume requirements and withdrawal restrictions. It’s essential to carefully review the terms and conditions before accepting the bonus.

 

While Windsor Brokers’ $30 No Deposit Bonus is attractive, specific conditions apply:

Trading Volume Requirements:

Profits earned from the bonus can only be withdrawn after meeting certain trading volume thresholds.

Withdrawal Restrictions:

The bonus itself is not withdrawable, only the profits generated through trading with it.

Bonus Validity:

The bonus may have a limited validity period. Unused bonuses may expire after this timeframe.
Understanding these terms ensures realistic expectations and informed trading decisions.

 

Features

🔎Broker🥇FreshForex
Company Information
📅 Year Founded2004
🧑🏻‍💻 Amount of staff80+
👩‍💻 Amount of active tradersNot Publicly displayed
🌐 Publicly Traded (Listed Company)No
Regulation and Security
🛡️ RegulationOffshore (SVGFSA - St. Vincent and the Grenadines)
🌎 Country of regulationSt. Vincent and the Grenadines
💻 Account SegregationYes
🪫 Negative balance protectionYes
🔋 Investor Protection SchemesNo
Account Types and Features
➕ AccountsClassic, Market Pro, ECN
💳 Institutional AccountsNo
👨‍💼 Managed AccountsYes (PAMM Accounts)
📇 Minor account currenciesUSD, EUR
💰 Minimum Deposit$1
Trading Conditions
🕞 Deposit/withdrawal processingInstant to 24 hours depending on method
🪙 Fund Withdrawal FeeVaries by method (typically no fee for deposits)
📊 Spreads fromFrom 0.0 pips (ECN account)
💸 CommissionsYes (on ECN accounts)
💱 Number of base currencies2 (USD, EUR)
🚀 Swap FeesYes
📈 LeverageUp to 1:2000
📏 Margin requirementsVaries by account and instrument
☪️ Islamic account (swap-free)Yes (available on request)
💻 Demo AccountYes
⌛ Order Execution Time0.05 seconds
📆 VPS HostingYes (free for certain conditions)
Trading Instruments
🧾 CFDs-Total Offered130+
🗠 CFD Stock Indices11
⚖️ CFD Commodities5
📜 CFD Shares50+
Deposits and Withdrawals
💳 Deposit OptionsCredit/Debit cards, E-wallets, Cryptocurrencies, Local bank transfers
💵 Withdrawal OptionsCredit/Debit cards, E-wallets, Cryptocurrencies, Local bank transfers
Trading Platforms and Tools
💻 Trading PlatformsMetaTrader 4, MetaTrader 5
👩‍💻 OS CompatibilityWindows, MacOS, iOS, Android
🖥️ Forex trading toolsTrading signals, Autochartist, VPS, economic calendar
Customer Support
🗣️ Live chat availabilityYes
📱 Customer Support emailsupport@freshforex.com
📞 Customer Support Contact Number+44 203 769 52 80
👾 Social media PlatformsFacebook, Twitter, Instagram, YouTube
🗣️ Languages supportedEnglish, Russian, Indonesian, Arabic, Spanish
Educational Resources and Support
🖺 Forex courseYes
🧏‍♀️ WebinarsYes
📚 Educational ResourcesArticles, video tutorials, market analysis
Partnerships and Programs
🪪 Affiliate program?Yes
👨‍🏫 Amount of partners1000+
📋 IB ProgramYes
🚀 SponsorshipNo
🪙 Rebate programYes
👉Open AccountOpen Account

 

No Deposit Bonus Features

💰 No-Deposit Bonus AmountUp to $202
🎯 EligibilityNew clients who register and verify their account
📂 Eligible Account for Sign-up BonusStandard trading account
📝 Sign-up Bonus Withdrawal EligibilityProfits made with the bonus can be withdrawn after meeting the trading volume requirement
⏳ Sign-up Bonus Expiry30 days from the date the bonus is credited
👉Open AccountOpen Account

 

 

FreshForex No Deposit Bonus

 

Pros and Cons

✅ Pros❌ Cons
Offers both fixed and variable spreadsUS, UK, Spain, and North Korea clients are not accepted
There is no required minimum deposit amountSpreads are marked up
Offers daily analysis and trading signalsLimited range of markets offered

 

Our Findings

 

10. ForexChief

ForexChief Review

 

ForexChief offers a no-deposit bonus of up to $100 for new traders. This bonus allows you to start trading without risking your own funds.

 

Min Deposit

USD 0

Regulators

MISA

Trading Platform

MT4, MT5, xChief App

Crypto

Yes

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

ForexChief offers a no-deposit bonus of up to $100 to new traders. There are certain conditions attached, such as trading volume requirements and withdrawal restrictions. It’s essential to carefully review the terms and conditions before accepting the bonus.

 

Here’s a concise breakdown of the conditions tied to Windsor Brokers’ $30 No Deposit Bonus:

Trading Volume Requirements:

To withdraw profits earned with the bonus, specific trading volume thresholds must be met.

Withdrawal Restrictions:

The bonus itself cannot be withdrawn, only the profits generated through trading.

Bonus Validity:

The bonus has a defined expiration period. Unused bonuses will expire if not utilized within the stipulated timeframe.
Make

 

Features

🔎Broker🥇ForexChief
Company Information
📅 Year Founded2014
🧑🏻‍💻 Amount of StaffNot publicly available
👩‍💻 Active TradersOver 150,000
🌐 Publicly TradedNo
Regulation and Security
🛡️ RegulationVFSC (Vanuatu Financial Services Commission)
🌎 Country of RegulationVanuatu
💻 Account SegregationYes
🪫 Negative Balance ProtectionYes
🔋 Investor Protection SchemesNo
Account Types and Features
➕ AccountsMT4.DirectFX, MT4.Classic+, MT5.DirectFX, MT5.Classic+
💳 Institutional AccountsYes
👨‍💼 Managed AccountsYes
📇 Minor Account CurrenciesUSD, EUR, GBP, CHF, JPY
💰 Minimum Deposit$10
Trading Conditions
🕞 Deposit/Withdrawal Processing0-24 hours
🪙 Fund Withdrawal FeeNone (varies by payment system)
📊 Spreads From0.0 pips
💸 Commissions$1.50 per lot
💱 Number of Base Currencies5
🚀 Swap FeesYes (varies by instrument)
📈 LeverageUp to 1:1000
📏 Margin Requirements0.1%
☪️ Islamic AccountYes (swap-free)
💻 Demo AccountYes
⌛ Order Execution Time0.3 seconds (on average)
📆 VPS HostingYes
Trading Instruments
🧾 CFDs - Total OfferedOver 100
🗠 CFD Stock IndicesYes
⚖️ CFD CommoditiesYes
📜 CFD SharesYes
Deposits and Withdrawals
💳 Deposit OptionsBank Transfer, Credit/Debit Cards, eWallets, Cryptocurrencies
💵 Withdrawal OptionsBank Transfer, Credit/Debit Cards, eWallets, Cryptocurrencies
Trading Platforms and Tools
💻 Trading PlatformsMetaTrader 4, MetaTrader 5
👩‍💻 OS CompatibilityWindows, MacOS, iOS, Android
🖥️ Forex Trading ToolsVPS Hosting, Economic Calendar, Risk Management Tools
Customer Support
🗣️ Live Chat AvailabilityYes
📱 Customer Support Emailsupport@forexchief.com
📞 Customer Support Number+44 203 519 0344
👾 Social Media PlatformsFacebook, Twitter, LinkedIn
🗣️ Languages SupportedEnglish, Russian, Spanish, French
Educational Resources and Support
🖺 Forex CourseYes
🧏‍♀️ WebinarsYes
📚 Educational ResourcesYes (Articles, Guides, Glossary)
Partnerships and Programs
🪪 Affiliate ProgramYes
👨‍🏫 Amount of PartnersNot disclosed
📋 IB ProgramYes
🚀 SponsorshipNo
🪙 Rebate ProgramYes
👉Open AccountOpen Account

 

No Deposit Bonus Features

💰 No-Deposit Bonus Amount$100
🎯 EligibilityNew clients who complete registration and account verification
📂 Eligible Account for Sign-up BonusMT4.DirectFX, MT4.Classic+
📝 Sign-up Bonus Withdrawal EligibilityProfits can be withdrawn after trading 2 standard lots
⏳ Sign-up Bonus Expiry3 months from the date of credit
👉Open AccountOpen Account

 

ForexChief No Deposit Bonus

 

Pros and Cons

✅ Pros❌ Cons
Access to trade online via the powerful MT4 & MT5 platformsLimited assets; no stock CFDs
Up to 8 account types to accommodate all kinds of tradersOffshore regulation
Multiple payment options including BitcoinIncomprehensive market news & analysis
Efficient customer support team available through multiple channelsNo USA traders allowed

 

Our Findings

 

Other Remarkable Brokers

 

Grand Capital

Grand Capital Overview

 

 

No Deposit Bonus Features

💰 No-Deposit Bonus Amount$500
🎯 EligibilityNew clients after account verification
📂 Eligible Account for Sign-up BonusStandard Account
📝 Sign-up Bonus Withdrawal EligibilityProfits can be withdrawn after trading 5 standard lots
⏳ Sign-up Bonus Expiry60 days from the date of credit
👉Open AccountOpen Account

 

JustMarkets

JustMarkets No Deposit Bonus

 

No Deposit Bonus Features

💰 No-Deposit Bonus Amount$30
🎯 EligibilityNew clients who complete account registration and verification
📂 Eligible Account for Sign-up BonusStandard Account
📝 Sign-up Bonus Withdrawal EligibilityWithdrawable after trading 1 standard lot
⏳ Sign-up Bonus Expiry30 days from the date of bonus credit
👉Open AccountOpen Account

 

 

No-deposit Bonus Conclusion new

 

Terms and Conditions

Forex no-deposit bonuses can seem like free money, but the devil often hides in the details. Dive deep into the terms and conditions, scrutinizing wagering requirements (how much you need to trade before withdrawing profits), withdrawal restrictions (limitations on bonus payout), and expiration dates (when the bonus vanishes). Don’t let hidden clauses turn your potential gold mine into a mirage.

 

Trading Limitations

Not all forex no-deposit bonuses offer unbridled trading freedom. Analyze any limitations on assets, leverage, or trading strategies. Can you trade only specific currency pairs? Is high leverage restricted? Are popular technical indicators off-limits? Understanding these constraints helps you formulate realistic trading plans within the bonus playground.

 

Hidden Fees

Beware of the bait-and-switch game—seemingly attractive forex no-deposit bonuses can conceal surprise fees. Scrutinize account maintenance fees, commission charges, and withdrawal costs. Are there penalties for not meeting wagering requirements or exceeding trade volume limits? Unearthing these hidden expenses ensures your “free” bonus doesn’t cost you more than it offers.

 

Scams and Risks

The allure of easy money attracts sharks. Be wary of unrealistic promises, overly aggressive marketing, and pressure to make hasty decisions. Research the broker’s reputation, licensing status, and history of customer complaints. Remember, if something sounds too good to be true, it probably is.

 

Alternatives to No-Deposit Bonuses

Consider alternative paths to forex exploration. Many brokers offer demo accounts with virtual funds, allowing you to test the waters without risking your own capital. Micro-accounts let you trade real markets with minimal financial exposure. Explore these options before diving into the bonus pool, building confidence and skills before making real bets.

 

Tax Implications

Don’t forget the taxman! Understand the tax implications of claiming and using a forex no-deposit bonus in South Africa. Consult a tax professional to navigate the nuances of capital gains and income reporting. Ensure your forex journey isn’t derailed by unexpected tax surprises.

 

Suitability for Beginner Traders

Not all bonuses are created equal. Evaluate whether the specific offer suits your experience level. Beginners may benefit from simple, low-risk bonuses with clear terms. Experienced traders might seek larger bonuses with potentially greater complexity. Choose a bonus that empowers, not overwhelms, your skillset.

 

Comparison Shopping

Don’t settle for the first shiny object you see. Compare the bonuses with similar promotions offered by other brokers in South Africa. Analyze bonus size, wagering requirements, trading limitations, and broker reputation. Finding the most advantageous offer maximizes your free-trading experience.

 

Long-Term Vision

A no-deposit bonus is a springboard, not a destination. While enjoying the initial boost, remember to focus on building long-term trading skills and discipline. Develop a solid trading strategy, practice risk management, and constantly learn from your experience. The free funds might run out, but your forex journey should soar.

No Deposit Forex Brokers

 

Conclusion

 

You might also like:  HFM Review

You might also like:  XM Review

You might also like:  RoboForex Review

You might also like:  InstaForex Review

You might also like:  SuperForex Review

 

Frequently Asked Questions

 

What is a no-deposit bonus offered by forex brokers?

A Forex No-Deposit Bonus is a beneficial bonus offer for new clients who want to start trading with a live trading account without making a deposit.

 

Are no deposit bonuses offered by forex brokers real?

Yes, no deposit bonuses offered by forex brokers are real. Still, traders should be aware that these bonuses are subject to certain terms and conditions, such as a time limit for using the bonus and a minimum trade volume.

 

What are the disadvantages of using a no-deposit bonus from a forex broker?

Disadvantages include this bonus amount being usually small and subject to certain terms and conditions.

 

Who is the most popular Forex Broker with a No Deposit Bonus offer?

According to research, InstaForex is the most popular broker choice with a no-deposit bonus.

 

How is the InstaForex No Deposit Bonus structured?

InstaForex offers a $1000 USD Start-Up bonus without a minimum deposit, making it one of the best forex no-deposit bonuses.

 

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Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

January 21, 2025

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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