Forex trading has seen increased interest and there has been an influx of new traders to the forex market. Brokers have taken advantage of this by increasing the number and variety of bonuses that they offer.
One of the most popular forex bonuses that brokers offer is the welcome no-deposit bonus which is offered when traders register a new live trading account.
🔎 No Deposit Forex Brokers 💰 FREE Welcome Bonus Amount ✅ Claim Bonus Here
🥇 Tickmill 10% Deposit Reward ✅ Claim Bonus Here
🥈 HFM 50% Welcome Bonus ✅ Claim Bonus Here
🥉 FBS Up to $140 Level up bonus
✅ Claim Bonus Here
🥈 JustMarkets $30 bonus ✅ Claim Bonus Here
🥇 XM $30 bonus
✅ Claim Bonus Here
🥈 Naga 30% Sign Up Bonus ✅ Claim Bonus Here
🥉 Instaforex $1000 Welcome Bonus ✅ Claim Bonus Here
🥇 Trade Nation 200 Points ✅ Claim Bonus Here
🥈 SuperForex $88 No deposit bonus ✅ Claim Bonus Here
The no-deposit forex bonus is a cash award which is deposited into the trading account of the trader without the trader first having to pay a minimum deposit to qualify for the bonus. The bonus is like a deposit bonus in the following ways:
- The bonus is deposited as trading credit and not actual cash.
- The bonus can be used for trading activities without the trader risking their own capital.
- The bonus cannot be withdrawn from the account until the trader has either fulfilled certain trade volume requirements, or the trader has made a certain amount of profit.
No-deposit bonuses are not as large as deposit bonuses and they can range from $10 and even up to $200, depending on the broker offering the bonus.
They serve the main purpose of introducing new traders to a live trading environment in a risk-free manner before traders start trading with their own capital. However, they should not be used for profit-orientated trading but practice trading.
Tickmill
Overview
Tickmill is a reputable ECN and STP broker that is headquartered in the United Kingdom, Cyprus, and Seychelles, with respective regulation and authorisation to offer trading solutions to traders from around the world.
Traders have access to more than 80 financial instruments which can be traded through multiple trading platforms. Traders are also provided with a range of trading tools to use in addition to having a choice in flexible accounts which feature competitive trading conditions.
Pros and Cons
| PROS | CONS |
| Commission-free trading offered | Cryptocurrency trading not supported |
| Powerful trading platforms supported | Fixed spreads not offered |
| Strictly regulated by multiple regulatory entities | US Clients not allowed |
| Variety of financial instruments | |
| Variety of trading tools offered |
Features
| Feature | Information |
| Regulation | FCA, CySEC, FSA |
| Minimum deposit from | $100 |
| Average spread from | 0.0 pips |
| Commissions from | From $1 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support | 24/5 |
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SuperForex
Overview
SuperForex is an ECN and STP broker based in Belize, with corresponding regulation through IFSC. When trading with SuperForex, traders have the advantage of both variable as well as fixed spreads, commission-free trading, and many opportunities for social trading.
In addition, traders can trade more than 300 financial instruments through the popular and powerful MetaTrader 4 trading platform. SuperForex also offers a wide variety of training resources as well as a plethora of trading tools.
Pros and Cons
| PROS | CONS |
| Managed accounts offered | Offshore regulation |
| MetaTrader 4 offered | Only one trading platform offered |
| Multiple trading tools offered | Spreads are not the tightest |
| Social trading supported | US clients not welcome |
| Variety of account types offered |
Features
| Feature | Information |
| Regulation | IFSC |
| Minimum deposit from | $1 |
| Average spread from | Variable |
| Commissions from | None |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:1000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
XM
Overview
XM is a multi-award winning and globally established Market Maker broker with more than 2.5 million clients from 196 countries worldwide.
When trading with XM, traders are offered with a variety in account types with no-requotes, tight and competitive spreads, reliable and fast trade execution, and the advantage that a variety of trading strategies are allowed including hedging and scalping.
Pros and Cons
| PROS | CONS |
| Competitive trading conditions | No fixed spread accounts |
| Negative balance protection | No US Clients |
| Strict regulation | |
| Variety of account types |
Features
| Feature | Information |
| Regulation | FCA |
| Minimum deposit from | $5 |
| Average spread from | 0.0 pips |
| Commissions from | $1 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:888 |
| Bonuses | Yes |
| Customer Support | 24/5 |
RoboForex
Overview
RoboForex is a Belize-based Market Maker, ECN, and STP broker that has won multiple industry awards though the years. Traders have access to more than 9,400 financial instruments which are spread across several asset classes including forex, commodities, cryptocurrencies, and more.
RoboForex makes use of eight liquidity providers to obtain pricing, ensuring that traders have access to competitive spreads from 0.0 pips and decent trade execution speeds.
Pros and Cons
| PROS | CONS |
| Flexible account types offered | Fixed spread accounts not offered |
| Multiple trading platforms supported | No US Clients |
| Negative balance protection provided | |
| Strictly regulated |
Features
| Feature | Information |
| Regulation | IFSC |
| Minimum deposit from | $10 |
| Average spread from | 0.0 pips |
| Commissions from | $0.0045 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:2000 |
| Bonuses | Yes |
| Customer Support | 24/7 |
FreshForex
Overview
FreshForex is a STP and ECN broker which is based in Saint Vincent and the Grenadines that offers the trade in a variety of forex and CFD financial instruments. FreshForex makes use of ‘Smart Bridge’ technology, offering traders with trading signals as well as access to comprehensive daily market analysis.
Traders can trade more than 130 financial instruments through either MetaTrader 4 or MetaTrader 5, with all trading styles and strategies allowed and welcomed. Traders can expect competitive spreads, ECN trading, and decent trade execution speeds.
Pros and Cons
| PROS | CONS |
| Daily analysis and trading signals offered | Limited range of financial instruments |
| Fixed and variable spreads offered | North Korea, Spain, UK, and US clients not accepted |
| Flexible account types offered | Spreads have mark-up |
| Minimum deposit not required | Unregulated |
| VPS access offered |
Features
| Feature | Information |
| Regulation | None |
| Minimum deposit from | $0 |
| Average spread from | 0.0 pips |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:2000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
FBS
Overview
FBS is a Belize-based STP and ECN broker that offers traders with more than 75 trading instruments which can be traded through either MetaTrader 4 or MetaTrader 5. When trading with FBS, traders can expect competitive trading conditions, an array of trading tools, market analysis, and access to educational materials.
Traders can also enjoy the bonuses and promotions offered by FBS in addition to having social trading opportunities and access to a variety of trading accounts, each suiting the differing trading needs and objectives of traders from around the world.
Pros and Cons
| PROS | CONS |
| Competitive trading conditions | High spreads on some accounts |
| Multiple account types offered | Limited tradable assets |
| Social trading supported | Limited trading platform and tools offered |
| Ultra-low minimum deposit requirement | Several countries restricted including US, UK, Japan, Israel, and others |
| Well-regulated |
Features
| Feature | Information |
| Regulation | IFSC, CySEC |
| Minimum deposit from | $1 |
| Average spread from | 0.0 pips |
| Commissions from | $6 |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:3000 |
| Bonuses | Yes |
| Customer Support | 24/7 |
InstaForex
Overview
InstaForex is a well-regulated and multi-award-winning broker in addition to being one of the largest online trading brokers in the world. Traders have access to more than 300 financial instruments which can be traded through a variety of dynamic and flexible trading accounts.
There are more than 7 million traders across the globe who have registered an account with InstaForex, enjoying the bonuses and variety of trading opportunities that they are offered.
InstaForex gets liquidity from top-tier banks including J.P Morgan, UBS, Barclays, and several others, ensuring that traders have the best possible pricing and fast trade execution speeds.
Pros and Cons
| PROS | CONS |
| Commission-free trading offered | EU-clients restricted on leverage |
| MetaTrader 4 and 5 offered | US clients not allowed |
| Variety of account types offered | |
| Variety of financial instruments | |
| Well-regulated |
Features
| Feature | Information |
| Regulation | CySEC, BVI, SVGFSA |
| Minimum deposit from | $1 |
| Average spread from | 0.0 pips |
| Commissions from | 0.03% |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:1000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
OctaFX
Overview
OctaFX is a regulated and popular STP and ECN broker that offers a variety of CFD and forex instruments. Traders have access to a variety of dynamic fixed spread accounts, with negative balance protection applied to retail accounts.
Traders also have access to social trading opportunities, and the advantage of using a variety of trading strategies including hedging and scalping. Octa has won numerous awards in its years in operation, including ‘Best Forex Broker Asia’, ‘Best FX Broker’, ‘Best Trading Conditions’, and several others.
Pros and Cons
| PROS | CONS |
| Commission-free trading offered | Limited financial instruments |
| Fixed spread accounts offered | No US Clients |
| Hedging and Scalping allowed | |
| Negative balance protection | |
| Well-regulated |
Features
| Feature | Information |
| Regulation | FSA SVG, CySEC |
| Minimum deposit from | $100 |
| Average spread from | 0.0 pips |
| Commissions from | $0.02 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support | 24/5 |
AvaTrade
Overview
AvaTrade is a popular, multi-award-winning, multi-regulated, and multi-asset broker that offers traders with access to global markets. With AvaTrade, traders are offered with some of the best trading conditions, a variety of trading bonuses, and competitive trading conditions.
Traders also have the benefit of fast and reliable trade executions, a variety of trading platforms to choose from, and ample social trading opportunities. In addition, traders also have the freedom to make use of a range of trading strategies including hedging and scalping.
Pros and Cons
| PROS | CONS |
| Award-winning broker | Only one account type for either retail or professionals |
| Competitive trading conditions | US Clients not allowed |
| Fast trade execution | Variable spreads not offered |
| Social trading offered | |
| Well-regulated |
Features
| Feature | Information |
| Regulation | ASIC, BVI, CBI, FFAJ, FSA, FSCA |
| Minimum deposit from | $100 |
| Average spread from | 0.9 pips |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | Yes |
| Customer Support | 24/5 |
AAFX Trading
Overview
AAFX Trading is an ECN broker that offers the trade in more than 250 forex and CFD financial instruments which can be traded through MetaTrader 4 or MetaTrader 5. Traders are also offered with commission-free trading, tight spreads that start from 0.2 pips, and comprehensive trader education.
In addition, traders also have access to leverage ratios up to 1:2000, a range of bonuses and promotions, and dedicated customer support available 24/5.
Pros and Cons
| PROS | CONS |
| Commission-free trading | Limited regulation |
| Competitive trading conditions | Offshore broker |
| Comprehensive educational materials | Social trading not offered |
| MetaTrader offered | |
| Variety of financial instruments |
Features
| Feature | Information |
| Regulation | SVG GSA |
| Minimum deposit from | $100 |
| Average spread from | 0.2 pips |
| Commissions from | None |
| Deposit/Withdrawal Fees | Yes |
| Maximum Leverage | 1:2000 |
| Bonuses | Yes |
| Customer Support | 24/5 |
AM Broker
Overview
AM Broker is a STP, ECN, and DMA broker that offers traders with a range of tradable financial instruments from forex, commodities, indices, shares, and funds, which can be traded through the powerful MetaTrader 5.
Traders have a range of dynamic accounts that they can choose from in addition to having access to trading tools and various educational resources.
Pros and Cons
| PROS | CONS |
| Educational resources offered | EU and US Clients not accepted |
| MetaTrader 5 offered | Limited funding options |
| Multiple account types offered | Offshore broker |
| Range of trading tools provided |
Features
| Feature | Information |
| Regulation | FSA SVG |
| Minimum deposit from | $100 |
| Average spread from | 0.0 pips |
| Commissions from | $0 |
| Deposit/Withdrawal Fees | Some fees may apply |
| Maximum Leverage | 1:500 |
| Bonuses | Yes |
| Customer Support | 24/7 |
MiTrade
Overview
MiTrade is an Australian-based award-winning STP and ECN broker focused on providing traders from around the world with forex and CFD financial instruments. Traders are also provided with fast and reliable trade execution, competitive fees and spreads, and adequate leverage ratios.
Traders can also enjoy commission-free trading, low minimum deposit requirements, and access to various bonuses and promotions, helping traders kickstart their trading journey.
Pros and Cons
| PROS | CONS |
| Commission-free trading | Inactivity fees charged |
| Low minimum deposit | Individual stocks not offered |
| Regulated | Limited trading account options |
| Segregated client funds | MetaTrader not offered |
| Simple and intuitive proprietary trading platform | US Clients not accepted |
Features
| Feature | Information |
| Regulation | ASIC |
| Minimum deposit from | $1 |
| Average spread from | Variable |
| Commissions from | None |
| Deposit/Withdrawal Fees | Some fees may apply |
| Maximum Leverage | 1:200 |
| Bonuses | Yes |
| Customer Support | 24/5 |
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FAQ
What is a welcome no-deposit bonus?
A welcome no-deposit bonus is offered to new traders who register a trading account. Traders are not subjected to having to pay a minimum deposit and are provided with a certain amount which is funded to their trading account and can be used to trade.
What is the advantage of such a bonus?
It offers traders with a risk-free way to start trading. Traders can use their bonus amount instead of their own capital to start trading in live trading environments.
Are these brokers safe to trade with?
These brokers offer some of the best trading conditions in the industry and provide a safe trading environment for all traders.
Can these bonuses be withdrawn?
No, unless otherwise stated by the broker. These bonuses are trading credit and not actual cash and therefore, it cannot be withdrawn.
Which are the best welcome forex no-deposit bonus brokers?
The brokers on this list are the best welcome forex no-deposit bonus brokers in the industry.
🔎 No Deposit Forex Brokers 💰 FREE Welcome Bonus Amount ✅ Claim Bonus Here
🥇 Tickmill 10% Deposit Reward ✅ Claim Bonus Here
🥈 HFM 50% Welcome Bonus ✅ Claim Bonus Here
🥉 FBS Up to $140 Level up bonus
✅ Claim Bonus Here
🥈 JustMarkets $30 bonus ✅ Claim Bonus Here
🥇 XM $30 bonus
✅ Claim Bonus Here
🥈 Naga 30% Sign Up Bonus ✅ Claim Bonus Here
🥉 Instaforex $1000 Welcome Bonus ✅ Claim Bonus Here
🥇 Trade Nation 200 Points ✅ Claim Bonus Here
🥈 SuperForex $88 No deposit bonus ✅ Claim Bonus Here
Top 4 Brokers
