Forex broker with no deposit bonus

Consider the trading conditions

regulation must be the first and foremost quality of a forex broker that you are going to trade with.

Top forex bonus list

No Deposit Forex Bonus Brokers - 2020, forex broker with no deposit bonus.

You should always put regulation and license above all else when selecting a forex broker. I don’t recommend openening an account with an unregulated forex broker no matter how good the bonus and promotions are offered. After all, what is the use of a free $5000 bonus if you will not be able to withdraw your capital from the forex broker?

No deposit forex bonus brokers - 2020

No deposit forex bonus is one of the most desired forex bonus and promotions by forex traders because you can trade without depositing your own money. Forex brokers offer many types of bonus and promotions to attract more clients or to reward the clients for choosing them as their broker. Free forex bonus and promotions certainly benefit the clients since they allow the clients to trade with a larger balance than they have deposited.

What about forex no deposit bonus 2020?

Of course, I am assuming that the broker is not a scam. Because, there are tons of scam brokers out there who allure novice traders through attractive bonuses just to fraud them at the end by rigging the trading conditions or simply pocketing the client’s deposit.

Therefore, free forex bonus and promotions should not be your only criteria when choosing a forex broker. Regulation, trading conditions, reputation and customer services are some of the other features that every trader has to take into account on the road to pick a suitable forex broker for yourself.

What is no deposit forex bonus?

There are many forex bonuses offered by brokers, some of them being granted to the traders post-trading, and others being rewarded to the trader’s forex account conditional on a certain amount of deposit or trading checkpoints. Deposit bonus, welcome bonus, redeposit bonus, rescue bonus and volume bonus are examples for different types of forex bonuses.

In addition to those, there is another type of free forex bonus. This forex bonus is credited to the trader’s account without any initial deposit or other condition whatsoever. Well, of course there is one condition; opening a forex account with the broker. As soon as you open the trading account, you will be rewarded with a free bonus. This type of forex bonus is called no deposit forex bonus.

No deposit free forex bonus brokers in 2020

Why is no deposit free forex bonus important?

No deposit free forex bonus is a great opportunity for beginner traders to gain experience without risking their real money. Besides, it allows seasoned traders to evaluate the services and live trading conditions provided by the broker before depositing money into their trading account.

Since it is not your own money, it will not hurt you financially and emotionally in case you blow up the account. The bonus is also very useful for traders who wish to develop and test new trading strategies without investing and risking their capital.

It is a common exercise followed by the forex brokers to provide different trading conditions in terms of spread, execution time and slippage between demo and live trading accounts. Therefore, trading with a demo account may mislead traders regarding the trading conditions that come with a live account. No deposit forex bonus allows traders to experience a live trading environment with the actual conditions.

How to choose the best free forex bonus?

It is never an easy task to choose a forex broker. I always emphasize the inappropriateness of choosing a forex broker solely due to the appealing free bonus and promotions. Never pick a forex broker just because it gives you a higher percentage of free bonus than the other brokers do.

Prefer a regulated forex broker

Regulation must be the first and foremost quality of a forex broker that you are going to trade with. You should always put regulation and license above all else when selecting a forex broker. I don’t recommend openening an account with an unregulated forex broker no matter how good the bonus and promotions are offered. After all, what is the use of a free $5000 bonus if you will not be able to withdraw your capital from the forex broker?

Another point to keep in mind is that many unregulated or poorly regulated forex brokers use free forex bonuses as a tool to attract more clients just to fraud them. Those are the scam forex brokers that you have to stay away from no matter how big bonus and promotions they pledge.

Consider the trading conditions

Spreads, execution time and slippage are going to have a decisive impact on the fate of your trading strategy. Free forex bonus and promotions are very alluring however the trading conditions may be against your advantage just to strip you off the benefits of the bonus. In another word, the brokers may give you the bonus but may not let you benefit from it through adverse spreads, execution time and slippage.

Read and understand the terms and conditions

Forex bonus and promotions usually come with certain terms and conditions. Some forex brokers let you enjoy the free bonus without verifying your trading account while some others require you to validate your account first. Some forex brokers even allow you to withdraw the free bonus conditioned on certain prerequisites.

Therefore, it is always a good idea to read and understand the terms and conditions of the no deposit bonus to avert an unpleasant surprise afterwards.

Top 10 forex brokers with no deposit bonus – A synopsis

Introduction

What is a forex bonus?

Forex bonuses - different types

What are the pros and cons of forex bonuses?

How does a bonus in forex work?

How to find the best forex bonus?

The best forex bonuses

Pax forex - recommended for US traders - 100% bonus

Avatrade | 2 x $200 forex welcome bonuses

Markets.Com | £25 forex no-deposit bonus

Plus-500 | £20 no-deposit forex

FBS | best forex no-deposit bonus - $100 bonus

XM | multiple forex options offered

CMC markets | 2 x $200 forex welcome bonuses

HYCM | 10% deposit bonus up to $5,000

Tick mill | $30 sign-up deposit bonus

Templerfx | $30 no-deposit bonus

A quick overview

Factors considered

Conclusion

Introduction

The global trading market encompasses various offers to attract new traders and beginners with no trading experience. The forex market is one such platform, which has gained popularity over recent years with offers like no-deposit bonus, welcome bonus that forex brokers present for new traders without using their real money. The forex bonuses provide optimal trading conditions according to the preference; for example, offering bonuses for elite traders and beginners. When trading happens on real money, they also help choose the right forex broker to trust and pump up the deposits. However, one has to be careful as there is considerable risk involved.

To summarize, the forex brokers offer a welcome bonus for beginners who do not have a trading account. They offer a matched deposit bonus, which means there is a free bonus provided after the initial deposit, or they offer no deposit bonus.

What is a forex bonus?

A bonus acts as a marketing tool or cost-effective promotion, and the brokers offer to persuade beginners to make deposits. Many top forex brokers suggest this option as it allows for forex trading without risking their funds. This option is accessible to the consumers once they open a forex account or demo account in the chosen platform. Though the bonus is beneficial for traders and investors, brokers suggest this option to gain benefits in the long run.

Forex brokers use the deposit bonuses option as a tool to entice investors and traders to forex trading, providing them knowledge about trading conditions, forex account, demo account, trading bonus, and welcome bonus and help the clients make an informed decision. In simple terms, they offer free money that cannot be withdrawn immediately from the trading account but can be traded for other prospects.

Forex bonuses – different types

There are two types of forex deposit bonuses to choose from – a deposit bonus and a no deposit bonus.

Forex no-deposit bonus

It is often known as a complimentary bonus without deposit, as traders are offered a free bonus without a deposit being made. The brokers make the deposits once traders activate their live account on the platform, which allows them to understand the live trading conditions and explore different options without jeopardizing their funds. This enables the novice and seasoned traders to utilize the bonus fund and develop in-depth knowledge about the brokerage platform and its systems. The accessibility of a free bonus varies depending on the broker.

Initial deposit bonus

A deposit bonus is an additional sum credited to the trader’s account once they make their first deposit. If traders make a higher initial deposit, they unlock a greater deposit bonus. For example, the broker may suggest new customers a 100% matched bonus up to £500. Once they make the deposit, the broker will credit their account with the respective bonus amount.

This gives investors a chance to boost their trading account and use the bonus funds to set limits for their trades. However, the brokers often list down a set of terms and conditions regarding the accessibility of the bonuses and profits made. Some may set minimum/maximum consignment for the trading bonus, while others set certain rules for trading through the live account.

Sometimes the brokers may demand to trade a certain amount before withdrawing the free bonus or maintain a set amount of money in their accounts for a specific period before trading them. Hence, forex bonuses list out certain terms of conditions that one needs to be aware of.

What are the pros and cons of forex bonuses?

How does a bonus in forex work?

How forex brokers bonus work?

To understand how the forex works in a live trading environment, one needs to be aware of a few terms. They are:

Deposit bonus:

The deposit bonus is the most sought-after. As stated earlier, the broker will match the deposit by a certain percentage –with a welcome bonus.

Traders can claim a 100% matched deposit bonus with a forex broker. The forex broker may allow access to a maximum bonus of £1,000, a deposit made by the client. Upon making the deposit, the broker will then credit their account with an additional £1,000. The starting balance becomes £2,000 – even though the broker credited their account with £1,000.

No-deposit bonus:

Forex no deposit bonus rewards traders with a bonus without making a deposit. These bonuses are highly popular because the trader can gain a bonus without risking any funds. However, the no deposit bonuses comprise smaller sums that are credited in comparison to a deposit bonus.

Traders can claim a £20 no deposit bonus with a forex broker. Once traders open an account and verify their identity, the forex broker funds their account with the £20 no deposit bonus. It is credited instantly to the trader’s accounts for trading the bonus funds.

Terms and conditions for bonus:

The forex trading and gaining free bonus funds on the platform may sound simple, but it is not easy to cash out the profits. One needs to be aware of the listed terms and conditions that brokers employ.

Minimum trade amount to withdraw:

There is a complicated process to withdraw the bonus that is made. For example, if one deposits £500 and receives a £250 bonus, which totals to £750. Traders cannot withdraw the whole sum directly from the forex broker, as this would not benefit the platform. Hence, the platform sets limits and persuades them to use the bonus funds to trade. These bonus funds are often frozen until their conditions are met. Usually, a partial amount from the bonus is made accessible for pay-outs when they meet the requirements of trading the set amount. For example, the broker might give £1 from the bonus for every £10,000 traded.

This is suitable for people who are:

Regular traders who place dozens of trades per day.

Often play through the set amount of the trades.

People with typically large trade sizes.

Time limit:

Traders also need to consider the time limits that the bonuses are set with. This is a strategy followed by the platforms to make the cash out of bonuses a difficult task. Often, brokers will set a certain period. Such as- 30 days to trade the bonus funds before invalidating withdrawals.

Eligible pairs:

In some instances, the forex no deposit bonus might set down restrictions on certain currency pairs. Hence, make sure to go through the terms and conditions to ensure the trading forex pair is permitted.

Supported nationalities:

Some australian forex brokers choose to permit bonuses to only certain nationalities. Hence, traders are advised to use the domain according to the country of residence.

Minimum deposit:

Most bonuses are set with a minimum deposit amount. Often, promotions only list the maximum bonus amount that can be used. Hence, ensure to go through the terms and conditions to find the preferred packages.

How to find the best forex bonus?

The global foreign exchange market is vast and comprises different kinds of traders. Therefore, it offers many options for every type of trader. However, not every deal is beneficial since many platforms advertise no deposit bonus and manipulate the user funds. So, it is advised to go through the terms and conditions for no deposit offers before signing up for the bonus.

Research

Before signing up, one needs to make sure to cross-check if the platform is legitimate and trustworthy. Even though the investors have trading experience, FX trading can trick them and manipulate them. Hence, always double-check by browsing the platform’s rules and regulations and the list of guidelines given by the forex broker. Finally, check the list of authorizations it has received from the regulatory bodies in the industry.

Reading reviews

For successful forex trading, make sure to find a broker with experience in forex trading. The web is filled with brokers, and every platform is crammed with reviews. Though there are many options for traders to choose from, it is difficult with many reviews to go through. Often, there is a chance of these reviews being proxy or duplicate, which they make up. Hence, it is always advised to check the detailed reviews, explain the challenges they have dealt with, and the practical solution to tackle such problems in reference to the past.

Payment methods

Payment methods give an option of investing in the trading account with real money. Therefore, ensure that the brokers provide flexible options to make the payments with the preferred mode of payment. Likewise, ensure that the broker allows the cashing out of the bonus or profits gained from the forex no deposit bonus, as many brokers restrict the withdrawal of the profits made.

Broker’s background

The reputation of the broker depends on the reviews and their alignment with the law. Always ensure to find a broker with approval and certifications from notable institutions in the industry. A regulatory authority assures the economic strength of the broker and its integrity towards its traders. There are many countries with rules and restrictions for forex brokers in the field. Finally, ensure that the trader is reliable by browsing the keywords such as forex broker name+ review, scam, fraud. Example: forex broker name scam and ensure that no negative reviews are showing up.

Always be alert and stay as safe as possible while trading the forex. As the field is risky, keep track of the listed factors before trading with brokers and ensure that they keep the funds safe and secure.

The best forex bonuses

There are many forex brokers to choose from, and making the right selection is a challenging task. Several factors are considered, such as fast execution, competitive spreads, and the range of tradable assets. Hence, different types of options or bonuses are listed down to attract different types of traders. They assist the trader in finding the specific broker with the desired profile. With forex no deposit bonus, new traders can learn trading in a live trading environment and build their portfolio without risking their capital resources. However, these bonus offers do not necessarily benefit all traders.

Therefore, traders need to be aware of terms and conditions before accepting or signing up for any offer. A key strategy to remember is that the brokers must gain profits, which is the primary objective of the bonus campaign. Hence, it is essential to select the right deposit forex as it significantly impacts the trading outcome.

FXTM

Avatrade

Octafx

No deposit forex bonus brokers - 2020

What about forex no deposit bonus 2020?

What is no deposit forex bonus?

No deposit free forex bonus brokers in 2020

Why is no deposit free forex bonus important?

How to choose the best free forex bonus?

Prefer a regulated forex broker

Consider the trading conditions

Read and understand the terms and conditions

Therefore, it is always a good idea to read and understand the terms and conditions of the no deposit bonus to avert an unpleasant surprise afterwards.

Top 6 best forex brokers with no deposit bonus for 2021

Top rated:

What better way to start trading than with a no deposit bonus forex broker? This should give you the perfect start to trading with some risk-free funds. To help you achieve that goal, we have put together a collection of the best regulated forex brokers in the market who offer a no deposit bonus to traders.

Beyond looking at more details of these top brokers, we will also provide more information on no deposit bonus availability, and how you can use these bonuses to your advantage when trading.

What is a no deposit bonus?

Very simply, a no deposit bonus is an amount of money which is given to you as a trader just for completing the broker registration process. This means that you do not have to deposit any of your own real funds to gain access to this no deposit bonus.

No deposit bonus: are they available in the EU?

Unfortunately, the answer to this question is no. The no deposit bonus offers are not available in the EU. This is due to the fact that the european market regulator, ESMA, has banned certain types of forex broker bonus offers under the mifid II regulations.

The result is that forex brokers’ no deposit bonus offers, and any kind of registration bonus offers are not allowed for traders who are in the EU.

Please note that the following bonuses are available only to people based outside the EU. Moreover, we do strongly suggest to not judge the broker based solely on the no deposit bonus, but on the suitability to your trading goals and preferences.

Top 6 best brokers with no deposit bonus

Here is a closer look at the top brokers we have selected who do offer a no deposit bonus.

Top 10 best forex brokers with bonus and promotions for 2021

Top rated:

Are you on the lookout for the best forex brokers with bonus and promotions to offer?

They can be tricky to find, but if the answer is yes, then you are certainly in the correct place. Here we will give you all of the information you need, not only on the top recommended brokers if you are looking for a bonus, but also what these promotions mean, and how they can best work to your benefit as a trader.

With that in mind, let’s take a closer look at the best brokers we have found that can offer bonus and promotions to you as a trader.

Are these bonuses really free money?

Although it may be hard to believe at first, it is true. The bonuses really are free money that is sent to your account by the broker. Now what is often asked is, can I withdraw these bonus funds?

Generally, the answer is yes with most top brokers. Their policy will vary though and in many cases, there are certain trading criteria that you must meet in order to withdraw the bonus funds from your account.

What should I check when choosing a bonus?

There are a couple of very important steps that you must run through when checking the bonus that you should choose, and the broker who is providing that bonus.

First off, it is vital that you read the terms and conditions carefully, so you know exactly what is on offer. Added to that, it is important to consider the whole offering of a broker. This means not only the bonus amounts, but what else they have to offer such as spreads, minimum deposits, and more.

Please note that the following bonuses may not be available in every country, and that brokers are not allowed to offer these to customers based in the EU or UK due to local regulatory restrictions. Read T&C before applying to a bonus.

Top 9 forex brokers with bonus and promotions

Here are the top 9 forex broker bonus and promotion offers we have found available:

1. FBS

FBS is the first broker to make our listing for having some of the top promotions and bonus offers in the industry. They are well-known as being a very respected broker around the world, and they have a huge amount of bonuses on offer.

At FBS you can win a wide range of prizes from holidays to new cars, and you can also double your deposit with the great FBS 100% deposit bonus they have in place. An FBS no deposit bonus is also available at no-risk at all to your funds as well as a cashback bonus if certain conditions are met. The FBS bonus offering continues to grow and expand with many contests and challenges also available where you can win cash, trips, and VIP event invites. They also run contests directly on social media like facebook where all you need to do is share posts with your friends. These are just some of the reasons why FBS is a top bonus broker for all traders.

XM is another top international broker, and one of the most easily recognizable in the industry. They too offer a strong range of bonuses and promotions. These start with an excellent $30 no deposit bonus which you can use for completely risk-free, real money trading.

Beyond this you will also find a deposit bonus of up to $4500 which means your deposit will be matched by the broker with free money up to this high value. Aside from those regular types of bonus offerings, XM also runs a lucky draw which has a huge total value of $1,000,000. As a regular trader with the broker you can also join their loyalty program which is points based. You can redeem these points through your trading actions to obtain a wide range of great benefits with the broker.

Please note that these bonuses may not be available with every XM entity

3. Instaforex

Instaforex is the next broker to make the top list of brokers providing bonuses and promotions. They too are very well-trusted by a broad range of traders across the industry. They start their bonus offering with one of the very best no deposit bonus offers in the sector. This is the instaforex $1,000 no deposit bonus.

Further to this monster bonus offer, the broker also provides a deposit bonus of 30% so you can always receive an additional 30% on top of your initial deposit as risk-free bonus funds to trade with the broker. Added to this, instaforex makes a huge range of contests and challenges available where you only need to have a demo account to participate and win. Here you can win a great range of physical prizes including cars, money, and much more.

4. Fxopen

The next broker on the list offering top promotions and bonuses is fxopen. They kick their bonus offering off with a $10 no deposit bonus. This is great if you are new to trading and looking to try out the broker with no risk at all to your own money.

Another great offer for beginners is the $1 welcome bonus on micro accounts. This makes sure you are covered to trade with free money, even at lower risk levels. Like many of the other brokers they also provide access to a large number of trading contests with a unique prize attached. This prize is that if you reach a certain benchmark of profit in the contest with virtual funds, they will then turn 10% of these funds into real money for you to trade with. A very attractive bonus proposition indeed from this popular broker.

5. Roboforex

Roboforex are in on the act too as another respected top broker offering bonuses and promotions to their traders. The excellent bonus infrastructure here starts with a deposit bonus that can be either 10%, 60%, or a huge 120% depending on how much you are depositing.

The offers do not stop there with roboforex either. Just for joining the broker, you will be entitled to a $30 welcome bonus. This can be used for completely risk-free trading on the markets of your choice. You will also be entered into weekly and monthly contests which are free to enter but where you can win real prizes on both demo, and live accounts. Regular traders are not forgotten either with cash rebates stretching up to 15% based on how much you trade.

6. Hotforex

Hotforex are one of the cornerstones of the industry and regularly feature as a top broker in many listings. They too have a very strong bonus infrastructure though it may not be available in every country the same. This is particularly true in europe.

Outside of that though, their offer is strong. They provide a number of unique bonuses the first of which is a 100% credit bonus. This acts to double your deposit with completely free bonus funds. They also offer a very unique 30% rescue bonus. This bonus protects your funds from drawdowns up to $7,000. The 100% supercharged bonus is one of their most popular though. This provides for a huge amount in cash rebates that can reach up to $8,000, on top of a 100% deposit bonus. All of these great offerings maintain hotforex as a very popular bonus broker of choice.

Please note that these bonuses may not be available with every XM entity

7. Octafx

Octafx is another popular, and rapidly growing name in the sector. They are not stepping back when it comes to offering a bonus either. If you are trading with this broker, the first thing you may want to try out are some of the demo account contests.

These great contests come with prizes of up to $500 real cash if you are trading through metatrader, and $150 if you are using ctrader. If these pique your interest, then you can decide to deposit for real, and benefit more from a 50% deposit bonus which is on offer. On top of this, there are many other prizes including merchandise to be won from a broker who is strong, trusted, and growing all the time.

8. FXTM

FXTM is one of the biggest names in the industry. They have also not forgotten a strong bonus infrastructure, and for this reason, they too feature on our list of the best brokers for bonus offers and promotions.

At the core of the FXTM bonus offering is their excellent loyalty program. Here, the more you trade, the more you can get paid. At the maximum level you have the ability to earn as much as $10,000 from the program. Also offered by the broker are a great range of both demo and live trading contests where you can compete against your fellow traders to win top prizes.

9. Vantage FX

Vantagefx is next in our selection of the best forex brokers who offer a good range of bonus systems. Here you will be able to take advantage of a 50% deposit bonus that will allow you to trade risk-free with bonus cash from the broker based on how much you deposit.

Vantagefx also offers a great and very rewarding loyalty program where you can avail of 10% rebates on your trades up to $2 per lot traded when you deposit at least $1,000. With the broker and this program, there is no limit on the trade size at all. The higher the lot size you trade, the higher your bonus will be.

Different type of bonuses

When choosing your forex broker bonus, it is also important to keep in mind that there are many different bonus types available. Here is a more detailed look at exactly the kind of bonuses that are offered by brokers:

Forex deposit bonus: the forex deposit bonus is a certain amount of money offered as a bonus based on the amount which you deposit. In the case of many brokers, this can mean matching your deposit amount with an equal bonus amount.

Forex no deposit bonus: A forex no deposit bonus, as you might gather from the name, is a bonus which is offered to you with no deposit required. In most cases, you simply have to complete the registration process. This money is free and can be used in real trading at no risk to your own money.

Welcome forex bonus: the welcome bonus can be similar to a no deposit bonus. You will get a bonus money amount for completing registration, and in some cases based on the amount of your first deposit.

Loyalty program: A forex broker loyalty program, just like any other, is usually based on how much you use the service. In this case, the more you trade, the more you will be rewarded by such programs. These rewards could come in the form of lower trading costs, additional premium trade tools, physical prizes, access to live events and meetings, and much more.

Points system: the forex broker point systems can also be based on loyalty programs. With these systems, the more you trade, the more points you will earn. These points can then be used to access monetary prizes, cars, vacations, and more.

Cash back and rebates: cash back and rebate programs are also a very common form of bonus. Just as the name suggests, with this form of bonus, you can earn money back for each lot you trade.

Money protection bonus: this is not a very common form of forex broker bonus, though it exists, nonetheless. This kind of bonus from your broker actually protects your funds from reaching a certain negative level, and in some cases, anything beyond this negative point can be refunded.

Forex contest prize: there are a wide range of brokers who organize contests which you can participate in with virtual funds against other traders. If you win some of these contests through making the most profit from virtual funds, then you can win all kinds of great prizes including cash, cars, and more.

Why do brokers offer forex no-deposit bonuses and other bonuses?

There are several reasons why your broker may offer a no deposit, or other type of bonus. One of the primary reasons for this is to create value for you as a trader, and to attract new traders to the industry and that broker.

This method is accepted in many parts of the world, though not in europe. Within the EU, the offering of the majority of these kinds of bonuses is not allowed by the regulator. ESMA does this in a large part to protect beginners from getting involved in trading without the proper knowledge and ultimately losing their money.

Tips on how to choose a bonus and a broker

If you are thinking about choosing a forex broker, the bonus is just one element of this choice, and it should not be a large factor in your decision-making process. First and foremost, you have to choose a broker who is trustworthy, and well-regulated. Luckily all of the brokers on our listing are both of these things.

Once you have done this, then you can think about the bonus they are offering, but do not make your choice based on the broker bonus alone. You have to consider all of your trading needs. In this case, you may want to try out a broker first. This would be a great time to select a no deposit bonus broker so you can try out their real trading at no risk to you.

Pepperstone sign up bonus

A first time pepperstone sign up bonus is not offered by pepperstone.

Traders who register a real account with pepperstone are not offered with either a first time sign up bonus, a deposit bonus, or a welcome bonus.

Brokers often offer these broker bonuses to new traders in an effort to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.

Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients, but also traders who have strict budgetary restrictions.

Referral bonus

Pepperstone offers traders with a referral bonuses when they refer friends or family members in registering a real account with pepperstone.

Should the trader refer a friend or family member and they meet the criteria, the trader will receive US dollar 100 which is deposited into their trading account. In addition, the referral will receive the same amount as a bonus.

Some of the criteria that the referral will have to meet includes, but is not limited to:

The referral must open either a standard or razor account and during registration, the trader’s name or email address must be provided so that the referral can be traced back to the trader.

The referral must deposit a minimum of US dollar 1,000 or equivalent into their trading account.

The referral must trade at least 5 standard forex lots in either forex majors, minors, or cross-pairs.

Traders need to acknowledge that the referral will have to register for one of the above mentioned accounts as demo accounts do not qualify for the referral bonus.

In addition, a particular friend or family member can only be referred once and traders may not refer themselves via a joint account, through a family member who has registered an account or a member of the same household.

Additional bonuses, promotions and rewards

Pepperstone offers active traders and loyal customers with an active trader program which is considered as a trading bonus.

With this program, traders have the opportunity of earning rebates which are paid on a daily basis. The rebate will be determined by the amount of standard lots the trader trades every month. The more lots are traded, the higher the rebate will be.

The typical monthly rebates earned on 100 forex standard lots traded is between US dollar 70 to US dollar 140, 200 to 500 lots provides a rebate of between US dollar 200 to US dollar 500. For more than 500 lots traded, traders will have to contact their premium account manager.

Pros and cons

PROS	CONS
1. Referral bonus provided	1. Welcome bonus, deposit bonus, no deposit bonus and no other broker bonuses offered with first time sign up
2. Trading bonus provided for active traders and loyal customers

Conclusion

Pepperstone is a reputable, reliable, and well-regulated broker with competitive trading conditions. Active traders and loyal customers are rewarded through rebates that are paid daily while traders who refer others stand a chance of earning US dollar 100 per referral.

All forex bonuses

Forex bonus is a nice way to get some additional capital above what you have initially deposited. Many traders often make the mistake of looking just at the forex bonus offers without paying attention to the type of bonus and the trading requirements that come with it. If forex bonus is something that interests you, here are three things to know about them.

1. Types of forex bonus

Forex bonus comes in two forms; the no-deposit bonus and a deposit bonus. They can go by different names, but the basics are the same. With a no-deposit bonus you are given free real money to trade forex. This is usually done after your verify your account information and in some cases, validate your account details by submitting verification documents. You can trade the no-deposit bonus without having to make a deposit, but you cannot withdraw the funds unless you make a deposit and trade a certain number of times.

A deposit bonus means that the broker give you a bonus based on your initial deposit. For example a 30% deposit bonus means that when you deposit $100, the broker gives you $30 in bonus. Of course, you can use this money alongside your trading capital (which comes to $130), but you won't be able to withdraw this $30 bonus unless you meet the trading criteria.

2. Always read the forex bonus terms and conditions

It is essential that you take the time to read the trading conditions for the forex bonus that you claim. Many traders fail to do this due diligence and end up complaining about the forex broker. A lot of inconvenience can be avoided when you read the terms and conditions. Most forex brokers typically require trading a certain volume. It can be 5 times the bonus amount in trading lots. For example a $30 bonus will mean you will have to trade 60 lots (5 times 30) before you can withdraw the bonus or the profits. The rules vary from one broker to another so always read the fine print.

3. Do you really need a bonus?

>forex bonus can be good and bad. It can be good because claiming a no-deposit bonus can be a way to test the broker's trading conditions. You can also claim the no-deposit bonus just to trade with real money and not risk anything at all (except your information of course).

On the other hand, claiming a deposit bonus will lock in your initial capital as well. Think about it for a second by going back to the example in #2. Can you really trade 60 lots with a trading capital of just $130? It is next to impossible. Chances are that you are more likely to lose your entire capital than take any advantage of the bonus.

The influence of forex bonus entirely depends on the trader. At allfxbrokers.Com you can see a list of the forex brokers and the types of bonuses that they offer. If you find a particular bonus to be attractive, click on the ‘read more’ button to know more on the bonus terms and conditions and how you can claim the bonus.

Last but not the least, always be careful when you trade a forex bonus and claim the bonus only when you are fully aware of the terms.

In recent years it has become common for brokers to offer bonuses to clients, which sends an indication that brokers offering bonuses are really keen to get traders on board at any expense. However, a lot of the very large and well established brokers do not offer bonuses and in fact frown upon bonuses.

When you understand that some brokers profit directly from client losses and the majority of clients lose money it becomes clear why some brokers use bonuses to get traders on board. On the other hand the STP brokers only profit from clients’ trade volume so since their profits are not directly based on deposits and losses they cannot afford to give bonuses, and should not be giving bonuses.

It’s important to understand what a bonus is and how it can be used, as its easily misunderstood. First thing you need to know is that bonuses cannot be withdrawn and in most cases expire after a defined period of time, such as one month in many cases. So, if you go to a broker offering a 60% deposit and make a $1000 deposit, your trading account will typically receive a withdrawablebalance of $1000 + a credit of $600. This allows you to hold open positions that require a margin of $1,600, even though you deposited just $1,000. However, it is important to understand that holding positions that require more margin than you have available is putting your account at greater risk of being stopped out. In fact by having a bonus has almost the same effect as increasing the leverage of an account. However, the bonus (credit) is typically withdrawn after a defined time period so all of a sudden any losing positions suddenly become more risky or get stopped out. Therefore, a bonus is in effect a temporary increased leverage and really does not help the trader much.

It is for that reason that we do not recommend using brokers that offer bonuses. The main reason is that brokers that offer bonuses are usually market makers hoping for you to lose money, and the second reason is that there really isn’t any benefit and can disrupt you trading strategy and psychology. Traders are far better looking for a broker offering a higher leverage than a bonus.

No deposit

Starting your forex trading with a no deposit forex bonus is an excellent way to start. And that’s because you’re not risking any of your own money. You get a real live trading account, with real money and don’t have to put up any of your own precious cash. Your live account practicing is paid for by the broker. Make a profit and you keep it, lose money and you’ve lost nothing of your own.

*CFD service. 80.6% lose money

What is a free no deposit forex bonus?

Competition amongst forex brokers has started a bit of a trend – forex bonus UK no deposit. A great advantage for all you new traders out there! A forex no deposit bonus is completely free, as it’s the broker who is sponsoring the forex account. All that is required is that you complete an application form for a new account and that account will be credited with the bonus that the broker is offering, meaning you can start trading straight away.
The advantages of this bonus are:

You get to try out the brokers trading platform, without risking any of your hard earned cash

You can practice your trading skills and gain some valuable experience

You get the chance to make a profit but if it all goes wrong you lose absolutely nothing
how cool is that!

But there are some important features of a forex bonus UK no deposit offer that you should keep in mind. Namely that you can usually withdraw any profits you make but in order to withdraw the bonus itself you will have to meet certain conditions. Each broker will have its own specific requirements but as a rule it generally means funding your account with an actual deposit or meeting certain trading volume requirement. Also the no deposit bonus tends to be fairly minimal for example $25 – $50. This should enable you to open only the most basic account, as in a micro account. This small amount of money will actually limit the experiences you can enjoy as trading foreign currencies is much different if you’re trading larger amounts.

How to get your free forex no deposit bonus UK

Each broker will have their own specific requirements but they do have a few things in common. You will have to download the software that the broker features and create an account. It’s not really complicated and you usually only have to provide a few personal details. You then carefully follow the steps given by the broker, which often involves entering a promotional code. There are rules you have to follow and the bonus is only offered for new customers and limited to one bonus per household.

Can you cash out a forex bonus UK no deposit?

The simple answer is no, not straight away. And that’s really understandable. Why would a broker offer a free no deposit bonus if it wasn’t to attract new customers and get them trading. It is usual that a broker will require you trade a number of positions before you cash out any bonus received. But if you’re serious about forex trading why would you want to cash out at all. Don’t worry too much about cashing out such a small sum but instead set yourself a limit of say $10 000 before you cash out.
Having said that don’t turn down the chance of trying a broker offering a no deposit bonus. After all it’s free money!

Tips for profiting from a no deposit bonus

Don’t turn down the chance to make a profit however small the no deposit may be. Even if you make some terrible trades you won’t be losing any of your own money. All the experience you can get will be worth it in the long run.

You’re not risking anything at all so go for it and practice your strategies as often as you can.

Be careful of any conditions the broker may have. Read the small print carefully and make sure you completely understand any specific requirements.

Brokers offer these bonuses to test out their trading platforms and attract new customers so grab this free chance to win.

This is a great opportunity to hone your skills so take it and we’re pretty sure you’ll have no regrets, and hey you could even make some money.

We hope that the information we’ve given you will help you with your new financial venture. All that’s left now is to remind you that trading in foreign currencies is a risky business. Using a forex free no deposit bonus is a great way to start. Don’t make the mistake of jumping in with both feet and putting up truck loads of your hard earned cash. Start simply and practice, practice, practice before you trade for real.

Forex brokers with welcome bonus

In order to get the welcome bonus, you must have a good understanding of forex brokers with welcome bonus. First, you need to know what a welcome bonus or no deposit bonus is.

What is a welcome bonus

A welcome bonus is given to you by a broker when you enter the forex market as a newcomer. If you do foreign exchange transactions as they expect, you will actually get that offer in the end.

In addition, it gives you the opportunity to have a good experience. Below is a list of brokers who will give you this welcome bonus.

What should I check when choosing a welcome bonus?

Terms and conditions, the bonuses with the detailed rules are much more reliable

Possibility and requirements to withdraw the bonus

Countries where it is available

Verification procedure, required documents

Possible fees for an inactive account

Best 5 forex brokers with welcome bonus

XM

Founded in 2009 and it is regulated by cysec and ASIC, in addition, they provide demo account facilities for beginners and 2 trading platforms and meta trade 4, meta trade 5 platform facilities, addition they have 700 financial instruments, and over 80 currency pairs.

XM broker offers a $30 welcome bonus for new clients.

FXTM

They founded in 2011 and this is regulated by cysec and FCA. FXTM provides trading platform meta trade 4, meta trade 5, and meta trade mobile global forex trading platforms also they have over 55 currency pairs.

They give excellent customer service, in addition, they provide their clients with multiple and free demo account facilities. So you can connect with FXTM and get the best opportunities from them.

FXTM broker offers a $300 welcome bonus promotion for new clients.

FBS

FBS founded in 2009 and they serve best chance for their clients. This broker regulated by cysec .FBS provides their clients powerful platform ,meta trade 4 and meta trade 5 facilities.

In addition, they have over 37 currency pairs and over 41 trading tools, the broker provides a great education for beginners and educational videos.

FBS broker offers a $100 welcome bonus for new traders.

Fxopen

Fxopen established in 2005 and it is a regulated broker in cysec. Fxopen broker provides a mobile meta trade 4 and meta trade 5 web trading platforms.

In addition, they offer over 50 currency pairs. This broker provides great customer service for clients. Demo account facilities and educational videos include their service.

Fxopen broker offers a $10 welcome bonus for new clients.

Worldforex

Worldforex founded in 2007 and it is regulated in VFSC. They provide more than 70 currency pairs and also meta trade 4 trading platform.It is available in desktop and mobile versions. They supply educational videos and trading tools.

In addition, they provide best customer service for their clients.

Worldforex broker offers a $10 welcome bonus for new clients.

Can I withdraw no deposit bonus?

It depends. Some bonuses can be paid out and others cannot. On the other hand, almost always profit is withdrawable.

So, let's see, what we have: no deposit forex bonus is one of the most desired forex bonus and promotions by forex traders. I reviewed the forex brokers with no deposit free forex bonus at forex broker with no deposit bonus