Best No Deposit Bonus Forex Brokers 2020
The brokers below represent the best No Deposit Bonus Forex Brokers.
|Broker||Rating||Official Site||Regulations||Min Deposit||Max Leverage||Trading Platforms||Foundation Year||Publicly Traded||Trading Desk Type||Currencies||Commodities||Indices||Stocks||Crypto||Commission on trades||Fixed spreads||offers promotions||Official Site|
ASIC, BaFin, BVI, FMA, FSC
Your Capital is at Risk
ECN, Market Maker, No dealing desk, STP
Your Capital is at Risk
ECN, No dealing desk, STP
BaFin, CySEC, FCA, FSA
No dealing desk
cTrader, MT4, MT5, Proprietary
Dealing Desk, DMA, ECN, Market Maker, No dealing desk, STP
ASIC, CySEC, IFSC
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.
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.
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.
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.
Tickmill offers various deposit options, all of which are based on fiat currency. Cryptocurrency-based deposits are not supported.
Tickmill’s business model is that of an NDD broker – that means a Non-Dealing Desk broker. Rather than taking on the other side of the trades themselves they pass them on to third party liquidity providers, who provide the liquidity and take the exposure. This means that Tickmill never has a conflict of interest with their clients.
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 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.
*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.
- 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.
- 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.
- 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.
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.