Best No Deposit Bonus Forex Brokers 2019

FX Empire Editorial Board
Last Update:
At FX Empire, we stick to strict standards of a review process. Learn about our review process. FX Empire may receive compensation. Here’s how we make money.

The brokers below represent the best No Deposit Bonus Forex Brokers.

Scroll for more details
BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
MultiBank
Visit Broker>

Your capital is at risk.

ASIC, BaFin, BVI, FMA, FSC

$50

1:500

MT4

2005

Dealing Desk

Visit Broker>

Your capital is at risk.

GO Markets
Visit Broker>

Your Capital is at Risk

ASIC

$200

1:500

MT4, MT5

2006

ECN, Market Maker, No dealing desk, STP

Visit Broker>

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

Visit Broker>

Your capital is at risk

AMarkets
Visit Broker>

Your capital is at risk

Not a regulated broker

$100

1:1000

MT4, MT5

2007

N/A

Visit Broker>

Your capital is at risk

RoboForex
Visit Broker>

Your capital is at risk

IFSC

$10

1:2000

cTrader, MT4, MT5, 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, IFSC

$5

1:888

MT4, MT5

2009

Market Maker

Visit Broker>

Your capital is at risk.

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.

Here’s a list of The Best No Deposit Bonus Forex Brokers

Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

MultiBank

Regulated By:ASIC, BaFin, BVI, FMA, FSC

Foundation Year:2005

Headquarters:Hong Kong

Min Deposit:$50

Visit Broker

Your capital is at risk.

Your capital is at risk.

MultiBank Group which started off in the US in 2005, is now headquartered in Hong-Kong. Following changes to the FX brokerage industry in the US, the company diversified its operations into Europe, the MENA region, Australia and the British Virgin Islands.

The MultiBank Group brand is located in 15 jurisdictions, helping to deliver forex brokerage services to the target market in these areas.

GO Markets

Regulated By:ASIC

Foundation Year:2006

Headquarters:Level 22, 600 Bourke Street, Melbourne, VIC 3000, Australia

Min Deposit:$200

Visit Broker

Your Capital is at Risk

Your Capital is at Risk

Australian brokers are definitely making a name for themselves in the trading arena as some of the most reliable, intuitive and forward thinking firms around. This broker is no different with a wide variety of tools, assets and reasonable trading conditions.

GO Markets Pty Ltd an ASIC regulated broker has been in operation since 2006. The head office is located in Melbourne, Australia. With over a decade of experience, GO Markets has grown to become a leading broker with a huge client base from over 150 countries. GO Markets offers forex, share CFDs, indices, metals and commodities for trading on the MT4 and MT5 trading platforms.

Pros Cons
  • GO Markets is a regulated brokerage entity, which is a factor that ensures transparent trading conditions.
  • Ultra fast trade executions courtesy of innovative technology and powerful servers located in London.
  • Availability of trading and analysis tools like Autochartist and Trading central.
  • Clients’ fund segregation.
  • Demo accounts expire after 30 days, However, non-expiry demo account is available.
  • Clients from over 35 high risk and other monitored jurisdiction are not accepted, which is a lot.
  • Only two account types available for all traders.
  • Swap free offered in MENA region only.

FBS

Regulated By:CySEC, IFSC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$1

Visit Broker

Your capital is at risk

Your capital is at risk

FBS Markets Inc. is a Forex and CFD broker that offers its services across the globe. The company was established in 2009 and since then, the brand has grown in size, capacity and technology. It offers currency pairs, CFDs, stocks, metals and cryptocurrencies on MT4 and MT5 platforms.

FBS Markets offers 37 currency pairs, 4 metals, 3 CFDs, 4 cryptocurrencies and 32 stocks.

FBS provides the MT4 and MT5 trading platforms as WebTrader, desktop applications and mobile applications. For leverage accounts, this brokerage offers leverage of up to 3000:1.

Pros Cons
  • Broker is regulated by CySEC and the IFSC
  • Access to investor compensation in case of broker fraud
  • Comprehensive trader education
  • Good variety of research tools
  • Low capital requirements for account opening
  • Spreads are higher than many retail brokers
  • Regulation of global brand is not as robust as the EU brand
  • Leverage offered on global brand is too high (careful risk management is a must)

AMarkets

Regulated By:Not a regulated broker

Foundation Year:2007

Headquarters:Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines

Min Deposit:$100

Visit Broker

Your capital is at risk

Your capital is at risk

AMarkets was founded in 2007 and has a European Office in Montenegro. The broker offers three core types of trading accounts to trade on multiple asset classes such as Forex ECN, Commodities, Cryptocurrencies, Metals, Indices and U.S Equity CFDs, across the MetaTrader suite of trading platforms for Desktop, Web and Mobile compatible with Windows, Mac, Android and iOS operating systems.

Pros: Cons:
  • Wide range of accounts ranging from commission-free to swap-free
  • Can access Forex ECN with 1:200 leverage, or standard up to 1:1000
  • Trade on MetaTrader or MetaTrader 5 across Desktop, Web and Mobile
  • Multiple asset classes to choose from across Forex, Commodities, Cryptos, Bonds, Indices and U.S Equity CFDs
  • No regulation from a globally-recognised regulator but a member of Financial Commission and Verify My Trade
  • Withdrawal fees
  • Restricted countries include Great Britain

RoboForex

Regulated By:IFSC

Foundation Year:2009

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

Min Deposit:$10

Visit Broker

Your capital is at risk

Your capital is at risk
.

The RoboForex brand is operated by the RoboForex Group, and is located in Belize. RoboForex began operations in 2009 and has grown in size and capacity. The brand offers over multiple trading instruments which include Forex, Stocks, Indices, ETFs, Commodities, Energies, Metals and Cryptocurrencies.

They also offer cutting edge platforms. RoboForex boasts of over 800,000 clients from 169 countries.  They are both a dealing desk and Non Dealing Desk broker offering ECN and STP trading accounts through their platforms. This means a different payment model to you the trader eg. lower spreads for ECN accounts with some commissions to pay.

XM

Regulated By:ASIC, CySEC, IFSC

Foundation Year:2009

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

Min Deposit:$5

Visit Broker

Your capital is at risk.

Your capital is at risk.

XM was founded in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the International Financial Services Commission of Belize (IFSC).

The broker offers more than 1,000+ tradable assets across Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.

Pros: Cons:
  • High regulation from CySEC and ASIC.
  • 1,000+ tradable assets across Forex, Stocks, Indices, Commodities, Metals and Energies.
  • Impressive research and education services with daily interactive live trading rooms.
  • Zero commission and 1:888 leverage on some accounts.*
  • No Forex ECN account.

*Leverage depends on the financial instrument traded and on the client’s country of residence.

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.

IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US