Best No Deposit Bonus Forex Brokers 2019

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Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

Tickmill

Regulated By:BaFin, CySEC, FCA, FSA

Foundation Year:2014

Headquarters:1 Fore Street, EC2Y 9DT, London, United Kingdom

Min Deposit:$100

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Your capital is at risk.

Your capital is at risk.

FBS

Regulated By:CySEC, IFSC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$1

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Your capital is at risk

Your capital is at risk

RoboForex

Regulated By:IFSC

Foundation Year:2009

Headquarters:2118 Guava Street, Belama Phase 1, Belize City, Belize

Min Deposit:$10

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Your capital is at risk

Your capital is at risk

XM

 

Regulated By:ASIC, CySEC, FCA

Foundation Year:2009

Headquarters:12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus

Min Deposit:$5

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Your capital is at risk

Your capital is at risk

No Deposit Forex Bonus Comparison Table

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
Tickmill
Visit Broker>

Your capital is at risk.

BaFin, CySEC, FCA, FSA

$100

1:500

MT4

2014

No dealing desk

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Your capital is at risk.

FBS
Visit Broker>

Your capital is at risk

CySEC, IFSC

$1

1:3000

MT4, MT5

2009

ECN, No dealing desk, STP

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Your capital is at risk

RoboForex
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Your capital is at risk

IFSC

$10

1:2000

Proprietary

2009

Dealing Desk, DMA, ECN, Market Maker, No dealing desk, STP

Visit Broker>

Your capital is at risk

XM
Visit Broker>

Your capital is at risk

ASIC, CySEC, FCA

$5

1:888

MT4, MT5

2009

Market Maker

Visit Broker>

Your capital is at risk

What is a No Deposit Forex Bonus?

A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.

Just like the deposit bonuses in Forex (which require you to deposit first), the no-deposit bonus is used strictly for trading purposes and can only be withdrawn from the account on fulfillment of the broker’s trade volume requirements.

Typically, the no-deposit forex bonuses are not as large as the deposit bonuses. They range from between $10 and $200, depending on the broker. They are actually meant to introduce new traders into the world of real money trading and are not meant to be used for profit-oriented trading. Think of it as a form of live, real money practice account where you keep all the gains. If you lose money, you have lost nothing.

What Should I Do to Get My Bonus?

Most of the no-deposit forex bonuses in the market can be obtained as exclusive offers through affiliate partners of the forex brokers that offer them. The forex brokers who award the no-deposit forex bonuses directly are typically in the minority.

What is the Difference Between No Deposit Bonuses and Deposit Bonuses?

No-deposit forex bonuses do not require an initial deposit into the trading account before they are awarded. This factor distinguishes the no-deposit forex bonus from deposit bonus, which like the name implies, requires a deposit from the trader before it is awarded.

No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.

What Other Bonus and Promotion Types Do Brokers Offer?

Other bonuses and promotions may be given out by brokers occasionally.

  1. The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.
  2. Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.
  3. Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.

Conclusion

Are you looking for the best no deposit bonus forex brokers for 2017? Here we show a list of these brokers which we have compiled after careful evaluation of various candidates. Ensure you use the no-deposit forex bonus wisely and use it to enhance your live account trading experience.