7 Best No Deposit Bonus Forex Brokers for 2026
A no-deposit bonus can be a great way to test live trading conditions. Unfortunately, they are also heavily misunderstood. While many bonuses may look generous on paper, you find other onerous requirements regarding regulation, execution, transparency, and withdrawals.
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After reviewing over 330 brokers in the last decade, we have seen many attractive bonuses. But not all of them were really worth the value. For this article, we’ve selected the brokers that offer a real deal, saving your capital. With each broker, we opened a live trading account, examined their no-deposit and other bonuses, and tested their trading platforms and live spreads to see how they perform in real trading conditions. See below our list of the best no-deposit brokers.
List of Top Forex Brokers with Bonuses
Best brokers for US traders
Best brokers for international traders
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
tastyfx | 4.4 | 4.6 | $0 | 1:50 (CFTC) 1:50 (NFA) | MT4, ProRealTime, tastyfx Web Platform, tastyfx Mobile App, TradingView, MT5 | Forex trading involves risk. Losses can exceed deposits. |
Plus500 US | 4.5 | 4.6 | $10 | 1:50 (CFTC) 1:50 (NFA) | Plus500 Web Platform, Plus500 Mobile App | Trading with leverage comes with a high risk and may not be suitable for everyone. |
OANDA US | 4.3 | 3.8 | $0 | 1:50 (CFTC) 1:50 (NFA) | Proprietary, MT4, TradingView | OANDA corporation is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets. |
Tickmill | 4.4 | 4.0 | $100 | 1:1000 (FSCA) 1:30 (CySEC) · 1:30 (FCA) · 1:30 (DFSA) · 1:1000 (FSA) | MT5, MT4, Tickmill Trader | Trading Contracts for Difference (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade Contracts for Difference (CFDs), you should carefully consider your trading objectives, level of experience and risk appetite. It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage your risk. |
FXTM | 4.0 | 2.7 | $30 | 1:2000 (CMA) 1:3000 (FSCM) | MT5, MT4, FXTM Trader App | Online Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading Online Forex/CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of Exinity Capital East Africa Ltd based on the legal requirements in his/her country of residence. |
IronFX | 4.4 | 4.0 | $50 | 1:30 (FCA) 1:500 (FSCA) · 1:2000 (BVI FSC) | MT4 | Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. |
AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:30 (CBI) · 1:200 (BVI FSC) · 1:30 (ASIC) · 1:400 (ADGM) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. |
How Did FXEmpire Select the Best Forex Brokers with a No-Deposit Bonus?
- We checked the availability of no-deposit and other forex bonuses with each broker.
- We verified that each broker is supervised by global regulators and provides decent protection to traders.
- We opened live trading accounts and tested the brokers’ live spreads and commissions, comparing them to the industry average.
- We tested the broker’s trading platforms to see how they perform in real-world conditions and measure the execution speed.
- We reviewed the number of tradable instruments available to ensure a diverse range of asset classes.
- We contacted live customer support to evaluate how easy it is to access it and how helpful the agents are.
- We analyzed the different account types on offer to ensure there are suitable options for both beginner and advanced traders.
Best Overall
- $100Min Deposit
- 649Tradable Instruments
- MediumFees
Why We Picked It
Founded in 2014, Tickmill stands as our top overall broker as it’s regulated by several global authorities, including the European CySEC. Tickmill offers over 650+ CFD instruments from powerful trading platforms with excellent supplementary tools, including Autochartist and Signal Center.
Bonus Features:
- Entities that Provide Bonuses: Tickmill Limited (FSA Seychelles)
- Max. Leverage: 1:1000
- No Deposit Bonus Amount: $30
- Bonus Withdrawal: No (profits withdrawable under conditions)
- Tradable Instruments: 650+ forex, indices, commodities, stocks, cryptos, futures, options
- Trading Platforms: MetaTrader 4, MetaTrader 5, TradingView, Tickmill Trader
- Other Bonuses: TradingView free subscription, Trader of the Month ($1,000 cash), NFP Machine ($500 cash), Ultimate Trading Challenge ($12,000)
Tickmill offers a $30 no-deposit bonus through its Welcome Account. To use the bonus, you just need to open this account and trade over a 60-day period – no initial deposit is necessary. I discovered that the bonus itself cannot be withdrawn, but any profits between $30 and $100 can be transferred to a Tickmill Wallet. The broker also offers trading contests and cashback rebates.
My research showed that Tickmill provides a well-rounded trading environment for both new and experienced traders. I appreciated its strong lineup of trading platforms, selection of account types with a $100 minimum deposit each, integrated content from Acuity and Signal Center for trading ideas, and the Advanced Trading Tool Kit for MT4 and MT5.
Pros and Cons
- Multiple bonuses and promotions
- Wide range of platforms
- Trading signals from Signal Center
- CFDs, futures and options
- No-deposit bonus is not withdrawable
Best for High Leverage
- $30Min Deposit
- 602Tradable Instruments
- HighFees
Why We Picked It
FXTM was founded in 2011 and operates globally under the supervision of several regulators. It offers over 1,460 CFDs, futures contracts, and real stocks that can be accessed on MetaTrader 4, MetaTrader 5, and FTXM’s own mobile app. The broker stands out with its high retail leverage of up to 1:3000 and AI-powered signals from Acuity.
Bonus Features:
- Entities that Provide Bonuses: All entities
- Max. Leverage: Up to 1:3000
- Bonus Withdrawal: No
Tradable Instruments: 1,460+ forex, commodities, indices, stocks, cryptocurrencies - Trading Platforms: MetaTrader 4, MetaTrader 5, FXTM Mobile App
- Other Bonuses: FXTM Rewards, Refer a Friend
While FXTM does not offer a direct no-deposit bonus, it does provide access to the FXTM Rewards program, which allows you to earn points and climb tiers. Then, you can redeem these tiers for trading funds or, in some cases, withdraw as cash. You can earn tier points through each lot traded on your account, as well as by referring a friend.
During our live test, I found FXTM’s leverage to be one of its standout features. You can trade with up to 1:3000 leverage (the leverage varies by region) on certain instruments, which will allow you to control a larger position size with smaller capital. But be careful: profits and losses are calculated on the total value of the position, so leverage amplifies both winning and losing trades.
With access to MT4 and MT5 for desktop, web, and mobile, alongside the FXTM proprietary mobile app, VPS hosting for automated trading, and multiple different types of trading accounts, FXTM is a solid choice for high-leverage traders.
Pros and Cons
- Retail leverage up to 1:3000
- Pro Trading Tools plugin for MT4 and MT5
- Raw-spread accounts
- Swap-free trading for new accounts
- High spreads on the Advantage Plus account
Best MT4
- $50Min Deposit
- 311Tradable Instruments
- MediumFees
Why We Picked It
IronFX was founded in 2010 and offers over 310 CFD instruments. MT4- enthusiasts will appreciate IronFX for its extensive MT4 enhancements, including plugins, copy trading tools, and access to advanced indicators.
Bonus Features:
- Entities that Provide Bonuses: Notesco UK Limited (FCA), Notesco Financial Services Ltd (CySEC), Notesco SA (Pty) Limited (FSCA), Notesco (BVI) Limited (FSC)
- Max. Leverage: Up to 1:2000
- No Deposit Bonus: 100% Sharing Bonus
- Bonus Withdrawal: No
- Tradable Instruments: 310+ forex, indices, commodities, stocks, cryptos, futures
- Trading Platforms: MetaTrader 4
- Other Bonuses: Global Trading Race $500,000 prize pool
The IronFX MT4 platform is available across desktop, web, and mobile, offering full support of automated trading via Expert Advisors and access to the MetaTrader Marketplace for ready-to-buy automated strategies and indicators. I found that IronFX gives access to additional MT4 with plugins from Trading Central, including extra indicators, trading signals, and portfolio management tools.
For those looking for copy trading solutions, IronFX provides the TradeCopier service, which gives access to a leaderboard with hundreds of strategies of successful traders. You can view the performance of each signal provider and have their trades copied onto your own MT4 account automatically.
Pros and Cons
- Advanced MT4 plugins and tools
- TradeCopier for copy trading
- Trading Central integration
- MT4 PMAM account
- EU entity does not accept retail traders
Best for Beginners
- $100Min Deposit
- 1472Tradable Instruments
- MediumFees
Why We Picked It
AvaTrade was founded in 2006 and is a top broker for beginner traders thanks to its strong educational offering, user-friendly platforms, and built-in risk management tools.
Bonus Features:
- Entities that Provide Bonuses: Ava Trade Markets Ltd (FSC BVI), Ava Capital Markets Pty (FSCA)
- Max. Leverage: 1:400
- Deposit Bonus: 20% on initial deposit
- Bonus Withdrawal: Yes, subject to minimum trading volume
- Tradable Instruments: 1,250+ forex, indices, commodities, stocks, cryptocurrencies
- Trading Platforms: MetaTrader 4, MetaTrader 5, Ava Web Trader, AvaTradeGO, AvaOptions
- Other Bonuses: Refer a friend
AvaTrade offers a 20% deposit bonus for new clients on deposits of at least $200. Once the minimum trading volume has been met, the bonus can be withdrawn. The broker also provides access to a referral program, which allows you to earn cash rewards based on the deposits made by the users you refer.
AvaTrade boasts a great AvaTrade Academy, which features numerous articles, video courses, and platform tutorials covering topics such as day trading, swing trading, and copy trading. It also conducts regular webinars and publishes the recorded videos on its YouTube channel. Research is another strong side of AvaTrade: traders can benefit from in-depth market breakdowns and featured ideas from Trading Central.
Combined with easy-to-use mobile trading apps, copy trading tools, and commission-free trading, we consider AvaTrade to be a top choice for beginner traders.
Pros and Cons
- Extensive AvaTrade Academy
- Copy trading via DupliTrade platform and AvaSocial app
- Risk-management AvaProtect tool
- No commissions, favorable spreads
- Inactivity fee
Best Overall in the US
- $0Min Deposit
- 86Tradable Instruments
- LowFees
Why We Picked It
tastyfx is part of the IG Group, a global broker founded in 1974. We consider it a top broker for US traders due to the combination of generous bonuses and cash-reward structures, strong reppuation, competitive trading costs, and a robust lineup of trading platforms.
Bonus Features:
- Entities that Provide Bonuses: tastyfx, LLC (NFA, CFTC)
- Margin Requirement: From $2,250 per contract
- Bonus Amount: $20 to $200, depending on deposit
- Bonus Withdrawal: No
- Tradable Instruments: Futures on forex, metals, energy, agriculture, interest rates, equity indices, crypto
- Trading Platforms: Plus500 Futures Web Trader and Futures Trading App
During my research, I found tastyfx offers a welcome bonus of up to $10,000 for new clients. To qualify for the bonus, traders must deposit at least $100 within the first 10 days and then trade qualifying forex pairs within the first 30 days. The bonus will then be credited to your account at a rate of $10 per lot traded.
On top of the welcome bonus, the broker offers a Volume-Based Rebate program. If you meet the minimum monthly trading volume of $1 million notional value (or 10 lots of select USD pairs), you will automatically earn monthly trading rebates, which can help to reduce the overall cost of trading with the broker.
I also found tastyfx offers low spreads on major forex pairs. My test showed an average spread of 0.8 pips on EUR/USD, beating the industry average of 1.08 pips. With an excellent range of trading platforms, tastyfx is a top choice for US traders.
Pros and Cons
- Tight spreads on major forex pairs
- Wide range of platforms
- Fast execution
- Excellent research content
- Markets limited to spot forex
Best Trading App in the US
- $10Min Deposit
- 64Tradable Instruments
- LowFees
Why We Picked It
Plus500 US is part of the Plus500 Group, which was founded in 2008 and listed on the London Stock Exchange. The broker has a core focus on futures trading and has one of the best futures trading apps, offering zero platform fees and a strong range of tradable futures contracts.
Bonus Features:
- Entities that Provide Bonuses: Plus500 US Inc (CFTC, NFA)
- Margin Requirement: $2,250 per contract
- Bonus Amount: $20 to $200, depending on deposit
- Bonus Withdrawal: No
- Tradable Instruments: Futures on forex, metals, energy, agriculture, interest rates, equity indices, crypto
- Trading Platforms: Plus500 Futures WebTrader and Futures Trading App
During our live test, I found that the Plus500 US deposit-based bonus scales the amount you fund your account with. For example, if you deposit $100, you receive a $20 bonus, while a $10,000 deposit gives you the maximum bonus of $200. While you cannot withdraw the bonus, it can still be useful to open more trades without using all of your own capital.
The Plus500 Futures Trading App has a clear design and gives access to a wide range of futures contracts, including mini, micro, and standard futures contracts. While using the app, I found it user-friendly, so I navigated through it pretty fast. I also enjoyed that the broker charges no platform or market data fees, which makes Plus500 US a top choice for US traders.
Pros and Cons
- User-friendly trading app
- Zero platform fees
- Wide range of futures markets
- Futures Trading Academy
- High margin requirements for some standard contracts
Best Trading Platforms in the US
- $0Min Deposit
- 69Tradable Instruments
- MediumFees
Why We Picked It
Founded in 1996, OANDA is a multi-regulated broker that operates globally. To its US clients, OANDA gives access to 68 forex pairs and several cryptocurrencies through its own robust web platform, as well as MetaTrader 4 and TradingView.
Bonus Features:
- Entities that Provide Bonuses: OANDA Corporation (CFTC, NFA)
- Max. Leverage: 1:50
- Bonus Amount: Up to $25,000
- Bonus Withdrawal: No
- Tradable Instruments: Forex, cryptocurrencies
- Trading Platforms: MetaTrader 4, OANDA Web, OANDA PAXOS, TradingView
OANDA US offers a tiered welcome bonus of up to $25,000 based on deposit size and trading volume, as detailed below:
- Tier 1 requires a deposit of $1,000 to $9,999.99 and at least $1,000,000 in trade volume to earn a $250 welcome bonus.
- Tier 2 requires a deposit of $10,000 to $49,999.99 and at least $10,000,000 in trade volume to receive a $2,500 bonus.
- Tier 3 requires a deposit of $50,000 or more and at least $100,000,000 trading volume to receive a $25,000 welcome bonus.
As you may see, the tiered welcome bonus caters well to the most active traders who can meet higher trading volume and initial deposit requirements.
During our live test, I found the OANDA web platform particularly impressive as it offers tools not available in other platforms. For example, I found the order book data and position ratios indicator useful in understanding which price levels will have the most liquidity.
Combined with support for automated trading and integrated market research, OANDA US provides a comprehensive trading environment suitable for a wide range of trading styles and experience levels.
Pros and Cons
- Powerful yet user-friendly OANDA web platform
- Commission-free trading
- Insightful market research
- News from Dow Jones integrated into OANDA platform
- Spreads higher than the industry average
How to Choose a Forex Broker with No-Deposit Bonus?
A no-deposit bonus can look like a great deal, especially if you want to try live trading without putting your own money on the line straight away. That said, these offers are very rarely as simple as they seem. In many cases, the bonus comes with many other conditions that may make it much harder to benefit from the no-deposit bonus.
When choosing a forex broker that offers a no-deposit bonus, you need to understand what the bonus actually gives you, what restrictions may come with it, and whether the broker itself is worth using in the first place. Below, I have underlined a few points to consider.
What Is a No-Deposit Bonus?
A no-deposit bonus is a promotion offered by a broker that gives you a small amount of trading credit without asking you to fund the account first. In other words, you can get access to the broker’s live market conditions using their money rather than your own.
That might sound like free money, but it usually is not. In most cases, the offer is just a marketing tool to attract new clients and to encourage traders to try their platform. You may be able to place real trades with the bonus, but withdrawing any profits is often where the restrictions begin.
Is Bonus Tradable, Withdrawable, or Both?
Some bonuses are tradable only. That means the funds can be used to open positions and help support your margin requirement for a trade, but the bonus itself cannot be withdrawn.
Others allow you to withdraw profits made from the bonus, although that usually happens only after you meet specific requirements, like a certain number of lots traded.
A tradable bonus can still be useful because it gives you a bit more room to trade. Of course, a withdrawable profit offer sounds better, but it often comes with extra conditions. Be sure to carefully check the broker’s terms and conditions regarding the requirements to use the bonus.
See our guides on the best zero spread brokers and best lowest spread forex brokers.
What Are the First-Deposit Conditions?
Some no-deposit bonuses are not fully deposit-free in practice. A broker might let you open an account and start trading without making a deposit, but later it may ask you to fund the account to let you withdraw any sum.
That is where many traders can get caught out. You might trade well, build up some profit, and then discover you cannot withdraw your profits unless you deposit your own money first.
What Is the ‘Cost per Lot’ to Unlock the Bonus?
Most no-deposit bonuses come with a trading volume requirement. Usually, the broker expects you to trade a certain number of lots before the bonus or the profits from using it can be unlocked. In a way, this means you’re actually paying for the bonus anyway, as the broker will only pay it out once they’ve recovered the cost of the promotion.
If the required trading volume is high compared to the size of the bonus, then the deal may not be worth as much as you think. A small bonus with a high lot target can push traders to take too many trades or use more risk than they normally would, which typically does not end well in the long run. Look for a bonus that has a reasonable trading requirement that won’t add any performance pressure to your trading.
Do Regulated Brokers Offer No-Deposit Bonuses?
From my experience, nearly all no-deposit bonuses are offered by brokers regulated offshore that operate with light or no oversight. Financial bodies like the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) have introduced strict rules that completely ban trading bonuses.
It doesn’t automatically mean that the broker offering a no-deposit bonus is unsafe or untrustworthy. Although you should be more vigilant when opening an account with such a broker. Read the broker’s terms and conditions carefully, look at how it protects client funds, and learn what track record it has. Also, make sure that you can easily access customer support in case of any issues.
Read more about best regulated forex brokers in our comprehensive guide.
How Long I Can Use My No-Deposit Bonus?
Most no-deposit bonuses will not stay on your account forever, as many expire after 30 or 60 days. Some bonuses can also be removed sooner if your trading account is considered to be inactive.
Such deadlines can create pressure, forcing a trader to rush into positions just to meet a target before the bonus disappears. It can lead to poor decision-making and unexpected losses.
Read the terms and conditions carefully and always check how long the bonus lasts, how long you have to claim any profits, and whether there are inactivity rules that could cancel the offer without warning.
Why Platform, Costs, and Trading Conditions Matter?
It’s easy to become fascinated by the bonuses and the benefits that provide free credit. Ultimately, the trading environment will determine your overall profitability. Be sure to check the broker’s spreads, commissions, execution speed, available instruments, and quality of trading platforms before you sign up with a broker. A poor trading environment can make it difficult to generate profits regardless of how good the bonus is.
Check out our dedicated guide on best forex trading platforms.
Conclusion
A no-deposit bonus can be a useful way to test a broker in a live environment, but it should never be the main reason you choose a broker.
I recommend filtering out the no-deposit bonus brokers that also offer strong regulation and safety of your funds, reliable order execution, and transparent pricing. Look for a broker that offers an intuitive and feature-rich trading platform to provide you with a solid trading environment.
In the end, the best no-deposit offers are the ones that genuinely add value without pushing you into trading differently just to unlock them. Read our detailed broker reviews to see how our analysts rate each broker.
All the Brokers We Tested
Update history
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About the Authors
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Amy leads the prop trading area at FXEmpire, collaborating closely with industry experts to deliver insightful and trustworthy reviews. Her work ensures that readers gain transparent, reliable guidance in navigating the fast-evolving world of proprietary trading firms.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.
- List of Top Forex Brokers with Bonuses
- How Did FXEmpire Select the Best Forex Brokers with a No-Deposit Bonus?
- Best Overall
- Best for High Leverage
- Best MT4
- Best for Beginners
- Best Overall in the US
- Best Trading App in the US
- Best Trading Platforms in the US
- How to Choose a Forex Broker with No-Deposit Bonus?
- All the Brokers We Tested
- Update history
- Related Guides