Welcome bonus forex brokers

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.

Top forex bonus list

Forex Brokers with Welcome Bonus, welcome bonus forex brokers.

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

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 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.

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.

Welcome no deposit forex brokers

Forex welcome no deposit bonus

What do you understand by forex welcome no deposit bonus?

Forex welcomes no deposit bonus is indeed an exciting part of forex trading after you join with a broker that provides a gift to trading. Here we are dividing it into two types, such as welcome no deposit bonus and welcome deposit bonus, here we are going to break down the welcome forex brokers no deposit bonus for a newbie. Further, we won’t be wrong if we say that it is a risk-free bonus for them.

Newbie clients provide this type of bonus from brokers. A welcome bonus is offered to clients when a client registers for the first time on the broker’s website. The welcome no deposit bonus work in the same manner. It is observed that presently most of the brokers are offering no welcome deposit bonuses to their clients from the past days.

Why should you give a try to welcome forex brokers no deposit bonus?

You should give it a try because it is a risk-free opportunity for people to test brokerage services. If you are a new trader, then this welcome no deposit bonus can change your trading ways. You will experience the fundamental difference between the demo and live trading. So if you are a trader and want to change your trader, then this bonus will help you to understand the services of brokers. Further, you can take a test of broker platform, loyalty, customer services, withdrawing systems, and funding, etc.

What are the withdrawal options for the bonus?

You will be more than happy to know that these days many brokers are offering this bonus to trade on the live forex market. However, they are providing this bonus within their described area of terms and conditions. If you are capable of completing these terms and conditions, then you can easily withdraw profit from the brokers. It is a robust process but not impossible.

Which welcome no deposit bonuses will turn out beneficial for me?

These days no deposit forex brokers have become quite amusing, they are attracting new clients in several ways. Therefore many brokers are showing that they are offering a good welcome no deposit bonus. However, eventually, there is nothing like that; you are just going to have an amount that doesn’t have any real value. So what do you think which bonus will be going to help you in entering the market?

Follow the enlisted steps while choosing the best bonus; you will undoubtedly win.

Read the terms and conditions associated with the bonus carefully before entering any bonus

How much lots are required to accomplish the withdrawal condition

Is there any deposit required while withdrawing the profit?

How much leverage they are offering

If you have understood these necessary steps then indeed you will find a pleasant welcome no deposit bonus

Best no deposit bonus forex brokers 2020

We've listed the top no deposit bonus forex brokers that offer bonuses ranging from $10 to $100.

In forex trading, an initial capital is required to open a live account. This capital is used to place orders in the market.

No deposit bonus by a forex broker is a service extended in form of free capital that the trader gets in his/her real trading account while starting to trade with the broker. This free capital is the bonus given by the forex broker, so you can start trading without risk of investing your money.

These “no deposit bonus” programs are mostly offered by brokers to attract new customers. But, as these “no deposit bonuses” are provided free of charge, there are certain guidelines, withdrawal restrictions etc. That depend from broker to broker.

Although there are quite many bonus programs out there, but we have only listed the no deposit bonus by forex brokers that are popular & well regulated globally.

Best no deposit bonus forex brokers in south africa for 2020

XM – $30 no deposit forex bonus

Fxopen – $10 forex bonus

FBS – $100 no deposit bonus

Tickmill – $30 no deposit bonus

Hotforex – 100% first deposit bonus (on $250+ deposit)

Best no deposit bonus forex brokers compared

We have compared the bonus conditions & terms for all the forex brokers that offer no deposit bonus to south african traders.

1. XM no deposit bonus – $30

Overall rating 9.0/10

Benchmark EUR/USD spread: on average 1.5 pips.

Welcome bonus: $30 (profits can be withdrawn)

Regulation: ASIC

Ranked #1 no deposit bonus forex broker

XM broker gives a $30 “no deposit bonus” to new traders only if you sign up for it via their special page. XM is a reputed broker so they are considered safe.

Getting XM broker’s $30 no deposit bonus is a straightforward process and the amount is credited to the trading account after registration and account verification. This bonus can be used straightaway to start trading with access to the MT4 and MT5 platforms. This account would also provide access to MT4 live trading without making any further deposits.

Note: it should be kept in mind that this bonus cannot be withdrawn, only the profits made can be withdrawn provided certain volume conditions & terms are met.

2. Tickmill no deposit bonus – $30 (not available currently in SA)

Overall rating 8.0/10

Benchmark EUR/USD spread: on average 1.6 pips.

Welcome bonus: $30 (profits can be withdrawn)

Regulation: FSCA, FCA

Ranked #2 no deposit bonus forex broker

Tickmill is a FSCA regulated forex broker, and also regulated by multiple top tier regulators including FCA. So they are considered safe.

Tickmill was founded in 2014 and offers attractive trading conditions. They provide various trading instruments like forex, stock indices & oil, precious metals and bonds. They provide MT4 and webtrader platforms. They are regulated with top tier bodies like FSA SC, FSA UK, and cysec.

Update: tickmill’s ‘no deposit bonus’ is not available for traders in south africa currently. New traders can signup for a live account with $30 as a bonus into the trading account. This trading account has trading conditions similar to the pro account, benefits of which include low spreads and commission, multiple asset classes, etc. A point worth noting here is the use of expert advisors (eas) is not allowed on welcome accounts.

Tips for wisely using the no deposit forex bonus

It is very easy to see the no deposit bonus as free cash, but it is not. In most cases (with reputed brokers) there will be many terms levied by the broker before you can withdraw any profits made with the bonus.

Traders should treat this bonus as a trading investment to learn and apply their trading strategies in real market conditions.

Following are some tips on how to best use the no deposit bonus:
1) all forex brokers that offer no deposit bonus will have the terms and conditions about it – including conditions for withdrawing profits made with the bonus. So carefully read all the terms & fine prints, understand all those conditions before signing up.

If there is any ambiguity in the terms and conditions, make sure to clarify the doubts with the broker before opting for the broker.

2) some broker may offer bonus that would seem to be really attractive. However, the broker’s reputation & regulations should be considered before choosing any such broker, even in case if it is a free bonus. An exciting bonus should not be the only point to start trading with the broker.

3) always keep in mind that the no deposit bonus is an initial capital for trading and not free cash which can be used otherwise.

The real intention here is to trade properly and earn profits. One should be clear about their trading goals. Hence, we should keep our trading strategies and requirements in mind in order to put the bonus to its intended use.

No deposit bonus is a win-win situation for both the broker and the customer. While the broker will increase its customer base, the customer can train oneself and gain useful insights from trading by using the free bonus.

However, you should be mindful of not falling into false traps and see it as investment capital. You should instead wisely use the bonus to learn trading with a reputed broker & test your strategy in real market conditions.

Frequently asked questions: no deposit bonus forex brokers

Which forex brokers offer no deposit bonus in south africa?

Many forex brokers offer no deposit bonus & most of them accept SA based traders. But we have only reviewed & tested the welcome no deposit bonus by 3 popular brokers:

XM – $30 bonus: ASIC regulated broker.

Fxopen – $10 bonus: FCA regulated broker.

FBS – $100 no deposit bonus FCA regulated broker

Can I withdraw the no deposit forex bonus?

This depends on the broker, but generally the profits made with trading bonus are withdraw-able provided some conditions are met. Almost all brokers that offer no deposit welcome bonus impose strict terms & trading volume requirements before you can withdraw any profits.

It is best to read the terms of the bonus before signing up, so that you don’t get surprises later.

Are no deposit bonus brokers safe?

Unfortunately not all brokers are safe. Most brokers that offer no deposit bonuses are not trusted. That is why it is really important to only choose a broker that is reputed & well regulated. If a regulated & popular broker is offering no deposit bonus then there are lesser risks.

As per our check XM broker, fxopen are brokers that are regulated with at-least 1 top tier regulator & offer no deposit bonus. But you should still carefully read terms of these brokers before signing up for any of their bonus.

No deposit bonus brokers comparison summary

Here are our 3 recommended best no deposit bonus forex brokers for 2020.

Trading cfds is risky. Your capital is at risk.
Disclosure: we earn a commission if you sign up with a broker through referral links in this review. This helps us cover the expenses for running the website.

XM $30 welcome no deposit bonus

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Risk disclaimer

Risk warning: trading leveraged instruments such as forex & cfds are risky and can result in lose of your capital. Read full risk disclaimer..

$100 USD no deposit welcome bonus – upforex

Upforex presenting US100 NO deposit bonus available for the fresh clients that register for the promotion till it is valid. Take the opportunity to test live forex trading as well as the upforex broker. Apply now and trade with the 100 welcome bonus to start to explore the trading services now!

$100 USD WELCOME PROMOTION

Joining link: WELCOME-BONUS

Ending date: december 31, 2020

Offer is applicable: new trader

How to apply:

Verify your identity

Request for the 100 credit bonus, NO deposit required.

Withdrawal:

Only profits can be withdrawn after trading 100 lots.

The maximum withdrawal is $100 USD.

Terms & conditions – upforex NO DEPOSIT BONUS

General terms and conditions apply.

The bonus is only available for the new clients

$100 no deposit bonus – fidelis capital markets

$30 new year no deposit bonus – justforex

$25 no deposit bonus – velocity trades

US $50 no deposit bonus, afghanian – unicorn

$30 USD no deposit bonus – profitto ltd

30,000 JPY NO DEPOSIT MARGIN BONUS – GEMFOREX

$30 NO DEPOSIT BONUS OFFER – XM group

$50 USD no deposit bonus – iam-trader

$30 BONUS, no deposit required – fxgrow

$140 NO DEPOSIT BONUS, withdraw profits – FBS

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One more master than searching for slaves.
Only profits can be withdrawn after trading 100 lots. The maximum amount that can be withdrawn is $100 USD

Dude, what is your problem? You only know how to criticize. You are everywhere and you only know how to complain. I don’t understand what on earth is your problem? If you don’t like anything, just deposit your own money with the broker that you want and stop complaining about the conditions of any broker that is giving you a chance to win FREE MONEY. Do you understand the concept? I seriously doubt it!

Dude, I am 9 years into FX. I have completed mine earning and keep it diversified at safe places. It is my HOBBY to expose cheaters, bad promotions, brokers that looking for dumbs to put them into slave position, promos with insane conditions etc..Etc. Why? Just because there are plenty of decent promos with user-friendly attitude, dignity, and marvelous reputation of companies that held them… I am proud of a fact that I had have prevented thousands and thousands of less experienced traders to went into a deal with shitty promos. It is extremely important to NOT participate in BAD promos. Only that way companies will decrease bad promos and increase fair promos. So, dude, be in a line of social responsibility. Do not defend pure greed when it appears at FX sky. Brokers existing because of traders. Not traders existing because of brokers. I was always wondered do people like you are paid from this
greedy companies or you are just not capable of understood basics of the fair deal. Dude. When someone clever read what goa said he believes goa. I enjoy my hobby. Do you enjoy your dirty work?

Hey GOA, love your honesty can you point out some good “no deposit” promos you have found. Except XM & FBS (used them already) ? Would really appreciate it!

Tony, promos come and go, all the time. Currently, the only promo with decent conditions are held by grandcapital (25$) recently was a nice and fair promo with lepoprime (50$).Stay away from garbage like tradevest, instaforex, honorfx, forexchief. . Normal broker with healthy attitude will never put you into slave position. The normal broker will ask for maximum 1 lot turnover per 10$ of credited funds. Also be aware when you see people like newtrwex, that those kind of people are usually staff from bad brokers and come around forums to defend their shameful promotions, or they are paid for that, or they are just stupid. And the cure for that is not found yet.

Did YOU GET TO WITHDRAW OUR PROFITS

Dude, you consider this social responsibility? Referring yourself to the 3rd person shows me that you are just another frustrated person who lost a lot of money in FX and looking for free cash. Be decent and go beg! Stop hiding behind your so called “social responsibility” and go get a life! I’m not defending anyone, in case you are that “smart”, I just think everyone has the right to decide what is good or what is bad for them. Brokers exist because traders need them. And the other way around. So stop posing as a rescuer, when, in fact, you are just frustrated.
Because of people like you, this world is getting worse and worse. Only negativity, only criticism. Go find yourself a REAL hobby, stop deceiving people. In the end, whichever no promotion bonus is around, people should read the T&C. And even if they don’t, what they lose is their time, not any money.

So, mister “goa” (I’m guessing from india), go outside and breathe some fresh air. Let people choose for themselves. You want to help? GET A LIFE!

Dude, I feel so sorry for you. I wish you to find an exit from the mental hole you are in. You do not understand FX brokerage at all. As well as that TIME is the most valuable asset. No broker ever never give us anything. They buy our time. There is no free money in this world. So, if you sell your time for nothing you are just stupid. If you sell them your time for something trough fair deal you are a good negotiator and you have self-respect and dignity. It is so sad and pathetic to think as you think. Go find some good books, some smart people to hang with….This way you are a just wet dream of all fog salesmen at this world. And mental slaves like you define yourself with your writings are the true plague for this planet. Goa is just a nick. I am from europe. I adore a fact that I irritate slave-people like you.

South african forex no deposit bonus offers from trusted brokers

If you’re out there looking for a new forex broker to deal with, you might want to start considering working with one that offers a very beneficial bonus for trading with them. Though you might not be aware of what a forex bonus is, in which case, let us discuss the concept with you and explain why forex bonuses are some of the best and worst things south african forex broker or any other broker might offer.

The idea behind a forex no deposit bonus is simple: to attract new customers. There are many types of forex bonuses and all of them are there to attract new traders to a platform. Whether this is a welcome bonus forex broker offer or some kind of bonus received after trading a certain amount, there is no question about it, it is always there to attract a new customer. Some brokers might offer more than others and some scams might use bonus offers as a way to attract new victims, but there is always a way to find out what the intentions of the company are. I believe bonuses to be a blessing, simply because they give you more money to work with and a chance to generate more income, but I also cannot shed a feeling that they are a curse. A curse, since a bonus might make you think that it is okay to take a risk you should not be taking because the money isn’t yours, which results in more money being lost than you should have.

Though let’s get over the philosophical deliberations over what the dangers and advantages of a forex bonus are and get into the thick of it: how do you go about getting some sweet, sweet bonus money on your forex account?

What is a no deposit bonus?

First, let us explain what exactly no deposit welcome bonus is and how does it work. Unlike deposit bonuses, the no deposit bonus is usually the one that most traders are looking for in a new FX broker to work. These no deposit bonuses are welcome bonus forex brokers like to offer the least of. S outh african forex brokers with no deposit bonus will usually offer no more than 400 rand, but it will still be a significant benefit to a trader who knows what they are doing. For experienced traders, a no deposit bonus is like a free, no risk capital that can be spent on experimental currency pairs to see the results. If the capital is lost, it doesn’t mean much, but if it has returned, then the results are positive and indicate that further trading might be a good idea. The bonus can also be a nice piece of bait for the industry newcomers, who do not know which broker to start working with. While this is not a problem if you end up with a good broker, the danger of starting to trade with a scammer or a brokerage that trades against you is very real.

On the other hand, the no deposit bonus forex is also one of the best ways to start trading for a beginner trader. The cause for this is simple – new traders, with little experience, are too afraid to invest real money into forex trading. Many of them spend time working on demo accounts, trying to figure out how the market works. While a respectable endeavor, it is a limited one – a simulated market is not capable of showing the full spectrum of problems that perk up on the real market. This is why a nice no deposit bonus is a good way for a trader to move onto the market without risking their real money on the market.

How to find the best south african forex bonus

Where do you go about looking for F orex brokers with no deposit bonus offers, and how do you find them? That question is one that has bothered many before. If you are new to the industry or are simply looking for a new way to make money within it, a bonus is definitely something you might want to look into. But where?

The best forex bonus is one that is found quickly, easily applied for and easily received. To find such a bonus, all you need to do is check with a forex broker. Most international forex brokers and most south african forex brokers no deposit bonuses get updated during certain times of the year. These times are usually specific seasons when these brokers have had a certain surplus in revenue that they can reallocate towards further increasing their user base. Usually, these become welcoming bonuses for new customers and traders, encouraging them to sign up and deposit money to receive the bonus. Finding such a bonus is not that tough. All you have to do is look at the website of some of the brokers that you might be interested in. If they are offering a welcome bonus, they will usually have it promoted on their home page. If such a promotion is not present on the page, then it is probably not being offered currently.

If you can’t find a bonus with a company that you would like to work with, you might want to find and sign up for their newsletter. Brokerages usually have promotional offers for their clients, those who have signed up for their newsletters or subscribed to their social media platforms. This is where you might find nice south african forex brokers with bonus offers or some kind of alternative bonus program that might interest you.

Better safe…

Though be careful! The hard part of the process is not finding a forex bonus. Forex bonuses are usually offered in droves, and simply searching the words on google will result in a whole bunch of results on the subject. The real complicated part of the process is identifying which of these are legitimate offers and which are simple bait to attract you and then never provide you with the bonus. Whether it is a scam or an unscrupulous broker trying to attract you to trade with them, it is important to consider what kind of reputation the broker has in the south african forex broker community.

Knowing what forex bonus to pick with a south african broker

The process of choosing what bonus to pick with what broker can be a complicated one. If it is not a complicated process for you, you are not doing it right. The thing is, you have to do a lot of research before choosing to trade with a forex broker. Think of it this way, if you were making an investment into a building, that as a bonus offered you to install a pool free of charge, would you not make sure that both the house and the pool are of good quality? Would you not make sure that you are getting what you paid for?

The same goes for south african F orex brokers offering no deposit bonus . You should not invest simply because you are looking to make some free cash, but also because you believe the company to be trustworthy. All south african FX brokers offer some kind of benefit for investing with them, but not all of them offer the same kind of quality of service or reputation. A bonus and broker choice should go together and should be done with great care.

Just consider this: one forex broker is offering a no deposit bonus of 2750 rand as long as you start trading with them, while the other is offering a 350 no deposit bonus. Which company would you start trading with? If you are anything like me five years ago, you will be thinking that the first option sounds pretty good. In fact, it sounds a little too good. While the information provided is not enough to decide whether a company is trustworthy, one thing is true: if something sounds too good to be true, you need to make sure it is not a lie. In some cases, companies will make great promises, only to do their best to not deliver on them. The better the premise sounds, the more likely the broker is to not deliver on it. They might give you the promised money and you make more money off of it, but they will simply block you from withdrawing the money. Or they might make the promise of the bonus once you deposit some cash, but you end up never receiving the bonus and have a hard time withdrawing the money you deposited with them. Whatever it is you do, you need to know why you are picking whatever you are picking.

Something else you need to consider: what kind of terms and conditions they have for their bonuses. Usually, a broker, whether it is a south african FX brokerage or otherwise, will have some terms and conditions attached to the bonus. It might be a no withdrawal policy unless you deposit a certain amount, or unless you make a certain amount of money off of the bonus. It could be that you need to complete certain actions to be able to receive the money. It is important to know these, so you can intelligently apply and gain benefit from the bonus.

Finally, it is important to know the general no deposit bonus withdrawal conditions, associated fees and other possible money related conditions that a forex brokerage might have. If the brokerage has a nice bonus, but does not offer an agreeable spread system, has commissioned or has other aspects that you do not find to be agreeable to you, it is not recommended to try and get the bonus from the broker. Make sure to check if the broker is offering F orex no deposit bonus without verification, this should raise your suspicions and validate more research.

How to avoid south african scam forex brokers and scam bonuses

The way to avoiding the scams we have mentioned so many times up to this point is simple: do your research and know the signs. While this might seem like a complicated and time-consuming process, it is an important one nonetheless. Just like with any other kind of investment activity, you need to know what you are doing, and need to know that your money is safe. This is why you need to research the forex trading scams and treat all others with suspicion. If a broker has an underdeveloped and ugly website, is promising something that might seem too good to be true and has many negative broker reviews online, it might be a good idea to abstain from investing with them, as they are most likely to be either a scam or a very unscrupulous company. Here is a quick checklist of red flags to look for:

If their website is underdeveloped or badly optimized

If they are offering bonuses that seem unrealistic

If they are not licensed by any regulatory body

If they do not respond to chat, emails or calls

If they have bad reviews on official websites, as well as user reviews

Or if they have demonstrated any suspicious activity

These red flags should provide you with enough evidence to decide against investing with a company, despite the amazing bonuses they may offer. We have provided a number of reviews of good and bad forex brokerages in south africa on our page that you can take a look at. Those should be able to help you understand what the best forex broker qualities are and how to choose the best south african broker offering no deposit bonus.

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

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

FXTM

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

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.

Welcome no deposit forex brokers

Forex welcome no deposit bonus

What do you understand by forex welcome no deposit bonus?

Why should you give a try to welcome forex brokers no deposit bonus?

What are the withdrawal options for the bonus?

Which welcome no deposit bonuses will turn out beneficial for me?

Follow the enlisted steps while choosing the best bonus; you will undoubtedly win.

Read the terms and conditions associated with the bonus carefully before entering any bonus

How much lots are required to accomplish the withdrawal condition

Is there any deposit required while withdrawing the profit?

How much leverage they are offering

If you have understood these necessary steps then indeed you will find a pleasant welcome no deposit bonus

Which forex brokers offer a welcome bonus and won’t scam me?

A reader has asked: which forex brokers offer a welcome bonus and won’t scam me?

The quick answer is this, none. No decent broker will offer you a welcome bonus for signing up. If they are it is likely a scam so stay well away from them.

Why are welcome bonuses in forex trading a scam now?

Welcome bonuses being offered by spread betting brokers in the UK started innocently enough. I think it was city index that offered £100 if you opened an account with them. Much the same as the new account incentives from the high street banks. However, over time as competition hotted up within the derivatives trading section, the bonuses got bigger and the criteria for getting them became more stringent.

For a while, there were good opportunities for taking advantage of welcome offers from reputable brokers. You could arbitrage trades between brokers, and switch brokers to execute trader you would be doing anyway to claim a welcome bonuses. Which was essentially a rebate based on volume.

Then it all got out of hand as binary options brokers started setting up offshore and fleecing people. Essential making the criteria to withdraw the bonus so impossible to achieve that in order to fill it they would have B-booked any funds deposited.

It was a very dark time for the industry.

Regulators and welcome bonuses for trading accounts

Regulators such as ESMA and the FCA have been cracking on incentives including welcome or trading bonuses, as they are seen by the regulators as encouraging clients to overtrading, or undertake actions that they wouldn’t have taken in the absence of that incentive.

Particularly where the bonus offer is volume related i.E. You have to trade a certain number of lots in a fixed time frame to access the bonus.

Bonus incentives are a form of marketing and CFD brokers that offer them have taken a decision to spend their marketing budget in this way to attract new customers, and to do so they will make the offer sound as attractive as possible.

However, those brokers would rather not payout that bonus if they can help it. And they will often attach a long list of conditions that have to be met before you qualify for the bonus.

Even if you meet those conditions and get the bonus you may not be able to withdraw those funds from your trading account. If you do open an account because of a bonus offer then make sure you understand exactly how the bonus offer works and as ever only trade with reputable and regulated brokers. You can compare FX brokers on the good money guide by clicking this link

Finally, I am sorry to say that if a bonus is important to you then it may be that you are undercapitalised for trading and should wait until you are in a better financial position and have more risk capital available to you.

Richard founded the good money guide (previously good broker guide) in 2015 and has been a broker for 20 years most recently at investors intelligence and previously a multi-asset derivatives broker at MF global (man financial). Richard started his career working as a private client stockbroker at walker crips and phillip securities (now king and shaxson) after interning on the NYMEX oil trading floor in new york and london IPE in 2001 & 2000.

So, let's see, what we have: in order to get the welcome bonus or no deposit bonus, you must have a good understanding of forex brokers with welcome bonus. At welcome bonus forex brokers