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:
- The Best Forex No Deposit Bonus Brokers in South Africa 🇿🇦
- A comprehensive and complete list. (Verified)
- Forex Brokers offering a withdrawable no-deposit bonus.
- The risk involved in forex trading.
- How to claim your sign-up bonus.
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 Bonus | Cashback Rebates |
🥉InstaForex | 👉Open Account | $1000 USD Start-Up Bonus | 100% Bonus, 55% Bonus, 30% Bonus, Club Bonus |
🥇SuperForex | 👉Open Account | $50 No Deposit Bonus | Welcome 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 Bonus | 50% Deposit Bonus 20% Deposit Bonus |
🥈FBS | 👉Open Account | No Deposit Bonus: $100 | $70 Quick Start Bonus 100% Deposit Bonus |
🥉FreshForex | 👉Open Account | No Deposit Bonus $1000. | Deposit bonuses, Cashback offers, |
🥇ForexChief | 👉Open Account | $100 no deposit bonus | 100% 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
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).
Factor | Description |
Broker Regulation | Highly regulated brokers are less likely to offer large no deposit bonuses due to potential for abuse. |
Bonus Amount | Larger bonuses often come with stricter terms and conditions. |
Trading Volume Requirements | Brokers may require a high trading volume to be met before withdrawing profits earned with the bonus. |
Profit Withdrawal Limits | Limits may be placed on how much profit can be withdrawn from the no deposit bonus. |
Asset Restrictions | The bonus may only be usable on certain currency pairs or asset classes. |
Account Verification | Full account verification may be required before withdrawing any profits. |
Time Limits | The bonus may have a time limit for use, after which it expires |
Inactivity Clauses | There may be clauses requiring minimum trading activity to maintain the bonus. |
10 Best Forex Brokers with a No Deposit Bonus (2025*)
- ☑️ Tickmill – Best No-Deposit Bonus Forex Broker.
- ☑️ RoboForex – $30 no deposit bonus.
- ☑️ InstaForex – Biggest Welcome bonus in the industry of $1000.
- ☑️ SuperForex – A no-deposit bonus of $88.
- ☑️ FXOpen – $10 no-deposit bonus to new traders.
- ☑️ Windsor Brokers – Simple No-Deposit Bonus Claim.
- ☑️ XM – Overall, the Best Online and Mobile Trading Experience.
- ☑️ FBS – A no-deposit bonus of up to $100.
- ☑️ FreshForex – Offers a no-deposit bonus of up to $100.
- ☑️ ForexChief – Multiple Contests and Bonus Options.
1. 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 Founded | 2014 |
👨Current CEO | Duncan Anderson |
🧑🤝🧑Founder/s | Not publicly available |
🧑🏻💻Amount of staff | 441 |
👩💻Amount of active traders | Over 400 000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSA, FCA, CySEC, FSCA |
🌎Country of regulation | Seychelles, UK, Cyprus, South Africa |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
⛗Two-step Authentication | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Plus account and Raw account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, ZAR |
💰Minimum Deposit | USD 100 / 1812 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Instant to 1 business day |
🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
📊Spreads from | 0.0 pips |
💸Commissions | Varies by account type, often commission-free, $2 per side per lot (Pro Account) |
💱Number of base currencies supported | 4 (EUR, USD, GBP, PLN) |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:1000 |
📏Margin requirements | 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes, for an additional fee |
Trading Instruments | |
🧾CFDs-Total Offered | Over 725 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
👁️🗨 Watchlist | Yes |
🔔 Trade Alerts | Yes |
💼 Trading Stocks with GP | Yes |
📉 Trading Indices with GP | Yes |
💹 Swap on Trading Board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
💵Withdrawal Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/5 |
📱Customer Support email address | support@tickmill.com |
📞Customer Support Contact Number | South Africa: +278 7250 0696 International: +852 5808 7849 |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | 17 Languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 9000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
👉Open Account | 👉Open Account |
No Deposit Bonus Features
💰 Maximum Trading Credit | $30 |
⏳ Validity Period | 60 days after registration |
⏱️ Withdrawal Timeframe | 14 days |
💵 Minimum Withdrawable Profit | $30 |
🎯 Maximum Withdrawal Profit | $100 |
💳 Minimum Deposit to Withdraw Profit | $100 |
📈 Account Conditions | Same as the Pro Account |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Advanced trading platforms such as MetaTrader 4 and 5 are available to South Africans | Tickmill 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 bonus | South 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 effectively | Promotional 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 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 Founded | 2009 |
🧑🏻💻Amount of staff | 200+ |
👩💻Amount of active traders | 1,000,000+ |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | IFSC (Belize), CySEC (Cyprus), FSC (Mauritius) |
🌎Country of regulation | Belize, Cyprus, Mauritius |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes, up to €20,000 (CySEC Clients) |
Account Types and Features | |
➕Accounts | Standard, Pro-Cent, ECN, Prime, R Trader |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, CHF, BTC |
💰Minimum Deposit | $10 (varies by account type) |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Instant for deposits, 1-3 business days for withdrawals |
🪙Fund Withdrawal Fee | No fees on most methods |
📊Spreads from | 0.0 pips (ECN accounts) |
💸Commissions | Varies (None on Standard, from $2 per lot on ECN) |
💱Number of base currencies supported | 9+ |
🚀Swap Fees | Yes |
📈Leverage | Up to 1:2000 |
📏Margin requirements | 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.1 seconds on average |
📆VPS Hosting | Free VPS for qualifying accounts |
Trading Instruments | |
🧾CFDs-Total Offered | 12,000+ |
🗠CFD Stock Indices | 10+ |
⚖️CFD Commodities | 10+ |
📜CFD Shares | 3,000+ |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer, Credit/Debit Cards, E-Wallets, Cryptocurrencies |
💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, E-Wallets, Cryptocurrencies |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, R Trader |
👩💻OS Compatibility | Windows, MacOS, iOS, Android |
🖥️Forex trading tools | Trading Central, Autochartist, VPS, CopyFX |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support email address | support@roboforex.com |
📞Customer Support Contact Number | +65 3158 8389 |
👾Social media Platforms | Facebook, Twitter, LinkedIn, Instagram, YouTube |
🗣️Languages supported on Website | 18+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, Video Tutorials, Analysis Tools |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 15,000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
👉Open Account | Open Account |
No Deposit Bonus Features
💰 No-Deposit Bonus Amount | Up to $30 |
🎯 Eligibility | New clients who have not yet made a deposit |
📂 Eligible Account for Sign-up Bonus | Standard account |
📝 Sign-up Bonus Withdrawal Eligibility | Profits earned from trading with the bonus can be withdrawn after meeting certain trading volume requirements |
⏳ Sign-up Bonus Expiry | The bonus may have a specific expiration date, which should be checked on the RoboForex website or with their customer support |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Understanding True Trading Costs | Potential Overlooking of Spreads |
Realistic Practice Environment | The functionality on mobile trading apps might not be as rich as that on desktop apps or web-based platforms |
Tight spreads from 0 pips | Risk of Slippage |
Platform Options | Consider using a RoboForex standard account demo to practice trading with a lower barrier to entry. |
Our Findings
RoboForex is an online broker known for offering its clients the opportunity to trade assets such as forex, stocks, commodities, and crypto coins. They have relatively tight spreads, leverage is available, and trading interfaces encompass the MT4 and MT5. However, it is crucial to say that trading involves risks, and it is the trader’s responsibility to manage the downside and know the system’s flaws. This concludes that one should always do his or her research and, if possible, consult a financial advisor.
3. InstaForex
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 Founded | 2007 |
👥Amount of Staff | 1000+ |
🧑🏽🤝🧑🏽Amount of Active Traders | Over 7 million |
📌Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️ Regulation | CySEC, BVI FSC |
🏦Country of Regulation | Cyprus, British Virgin Islands |
💴Account Segregation | Yes |
🔑Negative Balance Protection | Yes |
📑Investor Protection Schemes | Yes (for CySEC regulated clients) |
Account Types and Features | |
👤Institutional Accounts | No |
📒Managed Accounts | Yes (PAMM Accounts) |
📋Minor Account Currencies | USD, EUR, GBP, others |
🪙Minimum Deposit | $1 |
Trading Conditions | |
💷Average Deposit/Withdrawal Processing Time | 1-3 business days |
💵Fund Withdrawal Fee | Varies by method |
📉Spreads From | 0.0 pips (depending on account type) |
📈Commissions | Varies by account type |
💹Number of Base Currencies Supported | 9 |
📊Swap Fees | Yes |
↪️Leverage | Up to 1:1000 |
📌Margin Requirements | Varies by leverage |
☪️Islamic Account (Swap-Free) | Yes |
🆓Demo Account | Yes |
⏰Order Execution Time | Less than 1 second |
📲VPS Hosting | Yes |
Trading Instruments | |
📍CFDs-Total Offered | 200+ |
📍CFD Stock Indices | 19+ |
📍CFD Commodities | 20+ |
📍CFD Shares | 100+ |
Deposits and Withdrawals | |
💳Deposit Options | Bank transfer, credit/debit cards, e-wallets, crypto |
🪙Withdrawal Options | Bank transfer, credit/debit cards, e-wallets, crypto |
Trading Platforms and Tools | |
🖥️Trading Platforms | MetaTrader 4, MetaTrader 5, InstaForex proprietary platform |
📱OS Compatibility | Windows, MacOS, iOS, Android |
⚙️Forex Trading Tools | VPS, Trading Signals, Market Analysis, Forex Calculator |
Customer Support | |
🗣️Live Chat Availability | Yes |
📧Customer Support Email Address | support@mail.instaforex.com |
📞Customer Support Contact Number | Not rovided |
🖥Social Media Platforms | Facebook, Twitter, Instagram, YouTube |
🔖Languages Supported on FBS Website | English, Russian, Spanish, Chinese, others |
Educational Resources and Support | |
📜Forex Course | Yes |
🖥Webinars | Yes |
📚Educational Resources | Articles, Videos, Tutorials, eBooks |
Partnerships and Programs | |
🤝Affiliate Program | Yes |
👥Amount of Partners | 1000+ |
🗂IB Program | Yes |
❓Do They Sponsor Any Notable Events or Teams? | Yes, various sponsorships |
✅Rebate Program | Yes |
🚀 Open an Account | Open Account |
No Deposit Bonus Features
💰 No-Deposit Bonus Amount | Up to $100 |
🎯 Eligibility | New clients who have not previously opened an account with InstaForex |
📂 Eligible Account for Sign-up Bonus | Standard, Cent, or ECN accounts |
📝 Sign-up Bonus Withdrawal Eligibility | After meeting certain trading volume requirements |
⏳ Sign-up Bonus Expiry | May have a specific expiration date, check with InstaForex for details |
👉Open Account | Open Account |
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 is an experienced Internet service provider offering clients a significant choice of trading instruments: Forex, CFDs, bullions, and metals. They are recognized for gentle quotes, quick velocities, and various types of trading merchandise. However, like all brokers, they have their advantages and disadvantages, which we will investigate. Consequently, it is imperative to review their trading conditions and customer service. Whether or not they abide by the legal requirements of your jurisdiction, you may design them based on the personal risk tolerances and trading requirements you may require.
4. SuperForex
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 Founded | 2013 |
🧑🏻💻 Amount of staff | 98+ |
👩💻 Amount of active traders | 400,000+ |
🌐 Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️ Regulation | IFSC (Belize) |
🌎 Country of regulation | Belize |
💻 Account Segregation | Yes |
🪫 Negative balance protection | Yes |
🔋 Investor Protection Schemes | No |
Account Types and Features | |
➕ Accounts | Standard, Swap-Free, No Spread, Crypto |
💳 Institutional Accounts | Yes |
👨💼 Managed Accounts | No |
📇 Minor account currencies | Yes (EUR, GBP, JPY) |
💰 Minimum Deposit | $1 |
Trading Conditions | |
🕞 Deposit/withdrawal processing | Instant for most methods |
🪙 Fund Withdrawal Fee | None (but depends on withdrawal method) |
📊 Spreads from | 0.0 pips (No Spread Account) |
💸 Commissions | No commission on Standard accounts |
💱 Number of base currencies | 12+ |
🚀 Swap Fees | Yes (except Swap-Free accounts) |
📈 Leverage | Up to 1:2000 |
📏 Margin requirements | Variable based on leverage |
☪️ Islamic account (swap-free) | Yes |
💻 Demo Account | Yes |
⌛ Order Execution Time | 0.03 seconds on average |
📆 VPS Hosting | Yes, free for eligible clients |
Trading Instruments | |
🧾 CFDs - Total Offered | 400+ |
🗠 CFD Stock Indices | 11 |
⚖️ CFD Commodities | 7 |
📜 CFD Shares | 100+ |
Deposits and Withdrawals | |
💳 Deposit Options | Bank Transfer, Credit/Debit Cards, E-wallets |
💵 Withdrawal Options | Bank Transfer, Credit/Debit Cards, E-wallets |
Trading Platforms/Tools | |
💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
👩💻 OS Compatibility | Windows, macOS, iOS, Android |
🖥️ Forex trading tools | Economic Calendar, Market News, AutoChartist |
Customer Support | |
🗣️ Live chat availability | Yes (24/5) |
📱 Customer Support email | support@superforex.com |
📞 Customer Support Contact Number | +442032877101 |
👾 Social media Platforms | Facebook, Twitter, Instagram, YouTube, LinkedIn |
🗣️ Languages supported | 10+ |
Educational Resources and Support | |
🖺 Forex course | Yes (beginner to advanced) |
🧏♀️ Webinars | Yes |
📚 Educational Resources | Articles, Video Tutorials, Glossary, Market News |
Partnerships and Programs | |
🪪 Affiliate program? | Yes |
👨🏫 Amount of partners | 20,000+ |
📋 IB Program | Yes |
🚀 Sponsorship | Yes (various sponsorship deals) |
🪙 Rebate program | Yes (for partners and clients) |
👉 Open Account | Open Account |
No Deposit Bonus Features
💰 No-Deposit Bonus Amount | Up to $100 |
🎯 Eligibility | New clients who have not opened an account before |
📂 Eligible Account for Sign-up Bonus | Standard, Classic, or ECN accounts |
📝 Sign-up Bonus Withdrawal Eligibility | After meeting certain trading volume requirements |
⏳ Sign-up Bonus Expiry | 30 days |
👉Open Account | Open Account |
Pros and Cons
✅Pros | ❌Cons |
Regulated | Offshore regulation |
Social trading supported | Only one trading platform supported |
MetaTrader 4 supported | Spreads 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 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 Founded | 2005 |
🧑🏻💻Amount of staff | Approximately 150 |
👩💻Amount of active traders | Over 1 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FCA (UK), ASIC (Australia), and others |
🌎Country of regulation | United Kingdom, Australia, and others |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, ECN, STP, and Micro accounts |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, JPY, AUD, and others |
💰Minimum Deposit | $1 (Micro account); varies by account type |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Same day to a few business days depending on method |
🪙Fund Withdrawal Fee | Generally free; varies by method |
📊Spreads from | From 0.0 pips (ECN accounts) |
💸Commissions | Varies by account type; typically $0 to $3 per lot |
💱Number of base currencies supported | Over 50 |
🚀Swap Fees | Varies depending on account type and market conditions |
📈Leverage | Up to 1:500 |
📏Margin requirements | 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically under 1 second |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 1000 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank transfer, credit/debit cards, e-wallets, cryptocurrencies |
💵Withdrawal Options | Bank transfer, credit/debit cards, e-wallets, cryptocurrencies |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), and FXOpen’s proprietary platforms |
👩💻OS Compatibility | Windows, MacOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@fxopen.com |
📞Customer Support Contact Number | tel:+6498010123 |
👾Social media Platforms | Facebook, Twitter, LinkedIn |
🗣️Languages supported on Website | English, Russian, Arabic, Chinese, and others |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 27 000+ |
📋IB Program | Yes |
🪙Rebate program | Yes |
👉Open Account | Open Account |
No Deposit Bonus Features
💰 No-Deposit Bonus Amount | Up to $100 |
🎯 Eligibility | New clients who have not previously opened an account with FxOpen |
📂 Eligible Account for Sign-up Bonus | Standard, Micro, Cent, or ECN accounts |
📝 Sign-up Bonus Withdrawal Eligibility | After meeting certain trading volume requirements |
⏳ Sign-up Bonus Expiry | 30 days |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Tight spreads | High non-trading fees |
Competitive commissions | Low leverage levels |
Good variety of crypto assets | A limited selection of education |
True ECN trading environment provided |
Our Findings
6. Windsor Brokers
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 Founded | 1988 |
🧑🏻💻 Amount of Staff | 200+ |
👩💻 Amount of Active Traders | 100,000+ |
🌐 Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️ Regulation | CySEC (Cyprus), FSC (Belize) |
🌎 Country of Regulation | Cyprus, Belize |
💻 Account Segregation | Yes |
🪫 Negative Balance Protection | Yes |
🔋 Investor Protection Schemes | Up to €20,000 under ICF (CySEC) |
Account Types and Features | |
➕ Accounts | Standard, Prime |
💳 Institutional Accounts | Yes (Prime) |
👨💼 Managed Accounts | No |
📇 Minor Account Currencies | EUR, USD |
💰 Minimum Deposit | $100 |
Trading Conditions | |
🕞 Deposit/Withdrawal Processing | 1-5 business days (depending on method) |
🪙 Fund Withdrawal Fee | No |
📊 Spreads from | 0.0 pips (Prime account) |
💸 Commissions | $8 per lot (Prime account) |
💱 Number of Base Currencies | 2 (USD, EUR) |
🚀 Swap Fees | Yes |
📈 Leverage | Up to 1:500 |
📏 Margin Requirements | 0.2% (varies by asset) |
☪️ Islamic Account (Swap-Free) | Yes |
💻 Demo Account | Yes |
⌛ Order Execution Time | 0.1 seconds (average) |
📆 VPS Hosting | Yes |
Trading Instruments | |
🧾 CFDs-Total Offered | 100+ |
🗠 CFD Stock Indices | 15+ |
⚖️ CFD Commodities | 10+ |
📜 CFD Shares | 100+ |
Deposits and Withdrawals | |
💳 Deposit Options | Bank wire, Credit/Debit cards, Skrill, Neteller, VLoad, PayPal |
💵 Withdrawal Options | Bank wire, Credit/Debit cards, Skrill, Neteller, PayPal |
Trading Platforms/Tools | |
💻 Trading Platforms | MetaTrader 4 (MT4), WebTrader |
👩💻 OS Compatibility | Windows, Mac, iOS, Android |
🖥️ Forex Trading Tools | Economic calendar, Market research, Trading calculators |
Customer Support | |
🗣️ Live Chat Availability | Yes |
📱 Customer Support Email | info@windsorbrokers.com |
📞 Customer Support Contact Number | +357 25 500500 |
👾 Social Media Platforms | Facebook, Twitter, LinkedIn, YouTube |
🗣️ Languages Supported | English, Arabic, Spanish, Greek, more |
Educational Resources and Support | |
🖺 Forex Course | Yes (Beginner to Advanced) |
🧏♀️ Webinars | Yes |
📚 Educational Resources | Articles, Tutorials, Market News, Videos |
Partnerships and Programs | |
🪪 Affiliate Program? | Yes |
👨🏫 Amount of Partners | 3,000+ |
📋 IB Program | Yes |
🚀 Sponsorship | Yes (varies by region) |
🪙 Rebate Program | Yes |
👉Open Account | Open Account |
No Deposit Bonus Features
💰 No-Deposit Bonus Amount | Up to $30 |
🎯 Eligibility | New live account holders of Prime Accounts with currency base in US$, EUR €, GBP £, JPY ¥ |
📂 Eligible Account for Sign-up Bonus | Only one $30 Free Account is permitted per household. |
📝 Sign-up Bonus Withdrawal Eligibility | After meeting certain trading volume requirements |
⏳ Sign-up Bonus Expiry | 30 days |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Competitive Fees | Limited Educational Resources |
Choice of Platforms | Deposit and Withdrawal Fees |
High Leverage | High Leverage Risk |
Multiple Bonus Offers | Lacking Customer Support |
Tier-1 Regulation | High Trading Fees |
Our Findings
Windsor Brokers is one of the most reputable online brokers, providing generous offers and services. They offer to leverage various trading instruments such as foreign exchange, energy, and stocks. Education resources, tight spreads, and prompt customer care are the key benefits of Windsor Brokers, which are oriented to the client’s needs.
7. XM
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
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 Founded | 2009 |
🧑🏻💻Amount of staff | 450+ |
👩💻Amount of active traders | Over 5 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSC, CySEC, ASIC, |
🌎Country of regulation | Australia, Cyprus, Belize |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
Account Types and Features | |
➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
💰Minimum Deposit | $5 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | None |
📊Spreads from | 0.6 pips |
💸Commissions | None |
💱Number of base currencies supported | 11 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:1000 |
📏Margin requirements | Varies by asset and region |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.01 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 1,000+ |
🗠CFD Stock Indices | 30+ |
⚖️CFD Commodities | 15+ |
📜CFD Shares | 1,200+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5, XM WebTrader |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Trading signals, indicators, VPS |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@xm.com |
📞Customer Support Contact Number | +357 25029933 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 25+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes (in multiple languages) |
📚Educational Resources | Articles, tutorials, videos, webinars |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 5,000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
No Deposit Bonus Features
💰 No-Deposit Bonus Amount | Up to $30 |
🎯 Eligibility | New clients who have not yet made a deposit |
📂 Eligible Account for Sign-up Bonus | Standard or Micro account |
📝 Sign-up Bonus Withdrawal Eligibility | Must meet a minimum trading volume requirement |
⏳ Sign-up Bonus Expiry | Typically 30 days after activation |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Transparency in Pricing | Commissions Add Up |
Commissions are charged per trade | Overlooking Spread Risks |
XM emphasizes fast execution speeds | Limited Educational Resources |
Platform Options | Potential Lack of Regulation |
Our Findings
XM is a famous international online trading platform that offers different trading tools, such as Forex, stocks, precious metals, and Cryptocurrencies. They provide relatively low trading costs regarding spreads, leverage, and the trading account type, together with platforms such as MT4 and MT5.
8. FBS
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
🔎Broker | FBS |
Company Information | |
📅Year Founded | 2009 |
🧑🏻💻Amount of staff | 150+ |
👩💻Amount of active traders | 16 million+ |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSC, ASIC, CySEC |
🌎Country of regulation | Belize, Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | ICF (for EU clients) |
Account Types and Features | |
➕Accounts | cTrader, Raw Spread, standard |
💳Institutional Accounts | No |
👨💼Managed Accounts | Yes (PAMM) |
📇Minor account currencies | USD, EUR, GBP, THB |
💰Minimum Deposit | $5 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 15 minutes to 24 hours |
🪙Fund Withdrawal Fee | Varies based on payment method |
📊Spreads from | From 0.0 pips |
💸Commissions | From $6 per lot (ECN Account) |
💱Number of base currencies supported | 6 |
🚀Swap Fees | Applicable (except Islamic accounts) |
📈Leverage | Up to 1:3000 |
📏Margin requirements | Varies based on asset |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.2 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 200+ |
🗠CFD Stock Indices | 5 |
⚖️CFD Commodities | 6 |
📜CFD Shares | 100+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller) |
💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller) |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5, FBS Trader App |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Economic calendar, market analysis, VPS, calculators |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@fbs.com |
📞Customer Support Contact Number | +357 25 313540 |
👾Social media Platforms | Facebook, Instagram, Twitter, YouTube |
🗣️Languages supported on Website | 18+ Languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, videos, tutorials, webinars |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 18,000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, the Qatar Economic Forum 2025 |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
No Deposit Bonus Features
💰 No-Deposit Bonus Amount | $100 |
🎯 Eligibility | New clients upon registration |
📂 Eligible Account for Sign-up Bonus | Standard Account |
📝 Sign-up Bonus Withdrawal Eligibility | Completion of trading volume requirements |
⏳ Sign-up Bonus Expiry | Typically 30 days after activation |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Offers accounts with a very low minimum deposit | High leverage can also increase risk |
Provides a wide range of account options | Spreads can widen during market volatility |
Regular bonuses and promotions | Lacks some advanced trading tools |
Our Findings
One of the bonuses that FBS provides is the no-deposit bonus because it allows you to trade without risking your cash. It is excellent for getting started without using your own money, but there is a trading volume and no withdrawal functions. Before accepting a bonus, one should go through the bonus policy to understand all related conditions.
9. FreshForex
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 Founded | 2004 |
🧑🏻💻 Amount of staff | 80+ |
👩💻 Amount of active traders | Not Publicly displayed |
🌐 Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️ Regulation | Offshore (SVGFSA - St. Vincent and the Grenadines) |
🌎 Country of regulation | St. Vincent and the Grenadines |
💻 Account Segregation | Yes |
🪫 Negative balance protection | Yes |
🔋 Investor Protection Schemes | No |
Account Types and Features | |
➕ Accounts | Classic, Market Pro, ECN |
💳 Institutional Accounts | No |
👨💼 Managed Accounts | Yes (PAMM Accounts) |
📇 Minor account currencies | USD, EUR |
💰 Minimum Deposit | $1 |
Trading Conditions | |
🕞 Deposit/withdrawal processing | Instant to 24 hours depending on method |
🪙 Fund Withdrawal Fee | Varies by method (typically no fee for deposits) |
📊 Spreads from | From 0.0 pips (ECN account) |
💸 Commissions | Yes (on ECN accounts) |
💱 Number of base currencies | 2 (USD, EUR) |
🚀 Swap Fees | Yes |
📈 Leverage | Up to 1:2000 |
📏 Margin requirements | Varies by account and instrument |
☪️ Islamic account (swap-free) | Yes (available on request) |
💻 Demo Account | Yes |
⌛ Order Execution Time | 0.05 seconds |
📆 VPS Hosting | Yes (free for certain conditions) |
Trading Instruments | |
🧾 CFDs-Total Offered | 130+ |
🗠 CFD Stock Indices | 11 |
⚖️ CFD Commodities | 5 |
📜 CFD Shares | 50+ |
Deposits and Withdrawals | |
💳 Deposit Options | Credit/Debit cards, E-wallets, Cryptocurrencies, Local bank transfers |
💵 Withdrawal Options | Credit/Debit cards, E-wallets, Cryptocurrencies, Local bank transfers |
Trading Platforms and Tools | |
💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
👩💻 OS Compatibility | Windows, MacOS, iOS, Android |
🖥️ Forex trading tools | Trading signals, Autochartist, VPS, economic calendar |
Customer Support | |
🗣️ Live chat availability | Yes |
📱 Customer Support email | support@freshforex.com |
📞 Customer Support Contact Number | +44 203 769 52 80 |
👾 Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️ Languages supported | English, Russian, Indonesian, Arabic, Spanish |
Educational Resources and Support | |
🖺 Forex course | Yes |
🧏♀️ Webinars | Yes |
📚 Educational Resources | Articles, video tutorials, market analysis |
Partnerships and Programs | |
🪪 Affiliate program? | Yes |
👨🏫 Amount of partners | 1000+ |
📋 IB Program | Yes |
🚀 Sponsorship | No |
🪙 Rebate program | Yes |
👉Open Account | Open Account |
No Deposit Bonus Features
💰 No-Deposit Bonus Amount | Up to $202 |
🎯 Eligibility | New clients who register and verify their account |
📂 Eligible Account for Sign-up Bonus | Standard trading account |
📝 Sign-up Bonus Withdrawal Eligibility | Profits made with the bonus can be withdrawn after meeting the trading volume requirement |
⏳ Sign-up Bonus Expiry | 30 days from the date the bonus is credited |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Offers both fixed and variable spreads | US, UK, Spain, and North Korea clients are not accepted |
There is no required minimum deposit amount | Spreads are marked up |
Offers daily analysis and trading signals | Limited range of markets offered |
Our Findings
The risk-free trading privilege is enjoyed with FreshForex no-deposit bonus. It is fairly good to start with no prop costs involved, though it has trading volume stipulations and withdrawal penalties. First of all, the bonus essentially has to be accepted, and it is crucial to read all the conditions of such bonuses.
10. ForexChief
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 Founded | 2014 |
🧑🏻💻 Amount of Staff | Not publicly available |
👩💻 Active Traders | Over 150,000 |
🌐 Publicly Traded | No |
Regulation and Security | |
🛡️ Regulation | VFSC (Vanuatu Financial Services Commission) |
🌎 Country of Regulation | Vanuatu |
💻 Account Segregation | Yes |
🪫 Negative Balance Protection | Yes |
🔋 Investor Protection Schemes | No |
Account Types and Features | |
➕ Accounts | MT4.DirectFX, MT4.Classic+, MT5.DirectFX, MT5.Classic+ |
💳 Institutional Accounts | Yes |
👨💼 Managed Accounts | Yes |
📇 Minor Account Currencies | USD, EUR, GBP, CHF, JPY |
💰 Minimum Deposit | $10 |
Trading Conditions | |
🕞 Deposit/Withdrawal Processing | 0-24 hours |
🪙 Fund Withdrawal Fee | None (varies by payment system) |
📊 Spreads From | 0.0 pips |
💸 Commissions | $1.50 per lot |
💱 Number of Base Currencies | 5 |
🚀 Swap Fees | Yes (varies by instrument) |
📈 Leverage | Up to 1:1000 |
📏 Margin Requirements | 0.1% |
☪️ Islamic Account | Yes (swap-free) |
💻 Demo Account | Yes |
⌛ Order Execution Time | 0.3 seconds (on average) |
📆 VPS Hosting | Yes |
Trading Instruments | |
🧾 CFDs - Total Offered | Over 100 |
🗠 CFD Stock Indices | Yes |
⚖️ CFD Commodities | Yes |
📜 CFD Shares | Yes |
Deposits and Withdrawals | |
💳 Deposit Options | Bank Transfer, Credit/Debit Cards, eWallets, Cryptocurrencies |
💵 Withdrawal Options | Bank Transfer, Credit/Debit Cards, eWallets, Cryptocurrencies |
Trading Platforms and Tools | |
💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
👩💻 OS Compatibility | Windows, MacOS, iOS, Android |
🖥️ Forex Trading Tools | VPS Hosting, Economic Calendar, Risk Management Tools |
Customer Support | |
🗣️ Live Chat Availability | Yes |
📱 Customer Support Email | support@forexchief.com |
📞 Customer Support Number | +44 203 519 0344 |
👾 Social Media Platforms | Facebook, Twitter, LinkedIn |
🗣️ Languages Supported | English, Russian, Spanish, French |
Educational Resources and Support | |
🖺 Forex Course | Yes |
🧏♀️ Webinars | Yes |
📚 Educational Resources | Yes (Articles, Guides, Glossary) |
Partnerships and Programs | |
🪪 Affiliate Program | Yes |
👨🏫 Amount of Partners | Not disclosed |
📋 IB Program | Yes |
🚀 Sponsorship | No |
🪙 Rebate Program | Yes |
👉Open Account | Open Account |
No Deposit Bonus Features
💰 No-Deposit Bonus Amount | $100 |
🎯 Eligibility | New clients who complete registration and account verification |
📂 Eligible Account for Sign-up Bonus | MT4.DirectFX, MT4.Classic+ |
📝 Sign-up Bonus Withdrawal Eligibility | Profits can be withdrawn after trading 2 standard lots |
⏳ Sign-up Bonus Expiry | 3 months from the date of credit |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Access to trade online via the powerful MT4 & MT5 platforms | Limited assets; no stock CFDs |
Up to 8 account types to accommodate all kinds of traders | Offshore regulation |
Multiple payment options including Bitcoin | Incomprehensive market news & analysis |
Efficient customer support team available through multiple channels | No USA traders allowed |
Our Findings
Other Remarkable Brokers
Grand Capital
The no-deposit bonus of $500 which the brokers of Grand Capital provide its new clients is generous enough to let anyone start his/her trading without depositing money. The bonus is given after the first account verification is completed which is a perfect chance for beginners risking nothing.
No Deposit Bonus Features
💰 No-Deposit Bonus Amount | $500 |
🎯 Eligibility | New clients after account verification |
📂 Eligible Account for Sign-up Bonus | Standard Account |
📝 Sign-up Bonus Withdrawal Eligibility | Profits can be withdrawn after trading 5 standard lots |
⏳ Sign-up Bonus Expiry | 60 days from the date of credit |
👉Open Account | Open Account |
JustMarkets
No Deposit Bonus Features
💰 No-Deposit Bonus Amount | $30 |
🎯 Eligibility | New clients who complete account registration and verification |
📂 Eligible Account for Sign-up Bonus | Standard Account |
📝 Sign-up Bonus Withdrawal Eligibility | Withdrawable after trading 1 standard lot |
⏳ Sign-up Bonus Expiry | 30 days from the date of bonus credit |
👉Open Account | Open Account |
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.
Conclusion
Different traders have varying requirements and thus select the best no-deposit bonus broker as they like. Below are the most important factors you should pay attention to when choosing a no-deposit bonus broker: the size of the bonus, general trading terms the broker offers, and the broker’s reputation. Also, Trading carries certain risks and losses; therefore, it is advisable to have a deep understanding of the perks of the bonus offered before agreeing to them.
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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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