Free bonus trading forex

Appropriate for: all-new traders. Bonus amount will be added automatically.

Take free $1500 forex welcome no deposit trading bonus on instaforex

Instaforex is fulfilled to pronounce all respected new traders who can achieve an incredible progression offer $1500 no deposit welcome start-up headway offer.

Top forex bonus list

Take Free $1500 Forex Welcome No Deposit Trading Bonus on InstaForex, free bonus trading forex.

Join a bonus exchanging account with zero speculation. Straightforward and direct conditions, at whatever point advantage withdrawal get your prize now and start exchanging by then win more preferred position.

How to get of instaforex $1500 no deposit welcome bonus:

Sign-up an account with instaforex.

No need to verify your personal information in the clients area.

No required to depositing your own money.

Bonus amount will be added automatically.

Applicable for: all-new traders.

Promotion period: limited-time basis.

Promotion offer: $1500 no deposit trading bonus.

Withdrawal method: yes, (after the ending rules).

Rules of instaforex $1500 no deposit bonus offer: general terms and conditions apply.

Receive free $500 forex no-deposit seriously bonus to grand capital new traders. Profit from trading the no-deposit bonus funds can be withdrawn after making a deposit to your account equal to the said trading profit. $500 forex no-deposit seriously bonus is granted for trading for a period of seven days

Connecting to link: $500 forex no-deposit seriously bonus

Appropriate for: all-new traders.

Promo duration: limited-time basis.

Free $500 forex no-deposit seriously bonus for 7 days for real market trading

Great choice for newbie free $500 forex no-deposit seriously bonus

Free $500 forex no-deposit bonus can’t be withdrawn. Bonus is grated only for trading.

The trading profit can be withdrawn after depositing a sum equal to the trading profit

Free bonus account

Get your free bonuses!

$100 no deposit bonus

100% deposit bonus

$100 referral bonus

No deposit bonus

Get $100 no deposit bonus on registration. Trade the real markets for free. All you profit is yours. Meet the 50 lots requirement and withdraw all you profit.

Deposit bonus

We are offering all clients a 100% bonus on first deposits. Simply make your first deposit and have it met with a FREE 100% bonus! A minimum amount of traded volume must be achieved. New or existing accounts who enrol in the bonus program and make their first deposit will receive a deposit bonus up to $100! The more you deposit, the more bonus funds you will receive. Trading requirements do apply. Max loss of the account is the initial first deposit. You need to meet the 50 lots per $100 requirement and then withdraw all you profit.

Referral bonus

Give your username to a friend and get $100 referral bonus. You will need to meet an additional 50 lots requirement to withdraw all you profit.

Terms

* 1 lot shall be equal to: 100,000 of trading units; or 100,000 notional amount; or 1 industry standard lot.

* promotion is for forex trading only. Round turn requirements are calculated ONLY on forex products, no cfds on futures, commodities or equities.

* any deposit that exceeds $1,000 USD will be credited only with a bonus amount totalling $1,000 USD and any internal transfer from accounts shall not be considered as a deposit for promotion purposes.

* promotion available only to fxplayer trader.

* bonus account cannot be mixed with real account and real deposits.

* bonus account can be traded for a maximum of 1 month. After the 1 month you need to deposit the full amount of the equity to keep the account.

* offer valid until expiration.

* upon fraud, abuse or any other form of manipulation the bonus is invalid.

* you are obligated to notify the support upon BETA issues on anything, including trading and pricing issues. If you failed to notify the support on time, and continue trading, the account will be considered invalid.

* these terms are subject to change without notice.

* only one bonus per person, account and/or IP address

* the maximum amount of winnings is $200.

* you will get $200 in your real account. You need to trade 100 lots in 1 month before you withdraw $200.

* you need to verify your account before withdrawal.

Risk warning: leverage products are high risk and high reward and should not be traded by all investors. Trading any financial instrument on margin involves considerable risk. Therefore, before deciding to participate in margin trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counsellor, attorney or accountant as to the appropriateness of an investment in margin trading is recommended.

Fairness policy: fxplayer ltd is dedicated to preserving the uppermost ethics and morals of virtuous behaviour as well as providing a level of transparency, all of which are the foundation of our corporate ethos. Fxplayer ltd provides justice, uprightness, and reliability, and this is our most valued corporate advantage. Fxplayer ltd identifies that our reputation pivots on the dedication of our employees to the highest standards of ethical behaviour and professionalism in the performance of their duties.

$50 BONUS

Your way to the world of forex

Notice! $50 bonus is not available anymore.

The new bonus is available!

Hooray, the new bonus is here! Get it and start your trading journey.

Register

Fill in a brief sign-up form on this page

Get bonus

Your free $50 will be credited to your account

Make profit

Use the bonus to boost your income

A good welcome is always appreciated, so we offer all our new traders a free $50 bonus! Doesn’t matter whether you have never traded before or have never traded with FBS particularly – if this is your first FBS account, you can get the welcome bonus and use it for trading.

This is not a training account, everything here is for real – you operate real money and get real profit. We believe in practice, so we give our new traders a nice compliment to boost their trading and give them a smooth start with FBS.

If you are a beginner trader, this bonus is a great opportunity for you to try out your skills and find out more about trading, FBS platform and market without making any serious investments. More actual practice and real decisions – less risks for the beginners.

If you are an experienced trader, but you have never traded with FBS before, you can use this free $50 bonus to get to know FBS better. We give our new traders time and resources to explore the services we provide – and what can be a better way to do it than just simply try? Use $50 to trade on our platform, discover 46 different trading instruments and get more familiar with FBS!

How to get the bonus?

Get bonus: your free $50 will be credited to your account

Make profit: use the bonus to boost your income

Once you get your free $50 bonus, you can use it to start trading with FBS. You can make deposits, trade with 1:500 leverage and make up to $500 profit without any initial investments required from your side – sounds like a good start, doesn’t it? The profit you make using this bonus can be withdrawn after 2 lots are traded and the profit reaches over $25. After the first withdrawal the bonus will be cancelled.

Use $50 bonus to take a closer look at FBS and the forex market! All you have to do is open a bonus account, confirm your phone number and e-mail, and verify your identity. That’s it – next second, $50 is already on your account and the trading journey with FBS starts now!

Forex no deposit bonus in 2021

Risk warning: losses could exceed deposits.

Haroun kola

Questions?

Risk warning: losses could exceed deposits.

How to trade forex for free

If you always wanted to trade forex, but just don’t have the money to start or you want to try out the live servers instead of demo servers then these brokers have made it possible for you to do just that.

These accounts come with their own terms and conditions and I urge you to read each of them so that you know exactly what to expect from these accounts.

Don’t expect to be able to withdraw this amount, you may be able to withdraw profits, but there WILL be trading volume restrictions and most of them (ALL I think) will want you to make a deposit of your own cash before they make any of the proceeds of this bonus available to you.

Tigerwit

Tigerwit have just announced a new $25 no deposit bonus for ALL new traders to try out their live trading conditions. It could also be a celebration of liverpool winning the EPL after a 30 year wait, but whatever the reason, I’m thrilled they’re doing this.

They have a copy trading solution and in partnership with an EA provider we’re experimenting to see how profitable it could be. More details will be provided to every trader that signs up for this free trading account.

Markets.Com

My favourite broker for this kind of bonus is markets.Com who are offering a R250 in trading credit.

Now I’ve never tried one of these accounts myself, I’d much rather learn with at least a reasonable amount of funds to see me through any consecutive number of losing trades, but I definitely know that other’s are looking for this. So, if you take this up, I’d love to know what your experiences are.

Tickmill

Experience one of the best trading environments in the industry risk-free with tickmills $30 welcome account.

No need to deposit funds

No risk of losing your money

Profits earned can be withdrawn

Trade for free with XM

XM is offering a $30, no deposit bonus to try out their services. Many brokers are now offering this risk free way to give you a taste of their services.

You probably won’t get rich from this free account, you’ll need a decent size account of at least $500 if you want to start making some real money but if you haven’t ever traded before or you want to see what their service is like, sign up with XM.

Instaforex offers A no deposit bonus

Instaforex, asia’s favourite broker also offers a no deposit bonus. There’s is one of the most generous at $1000, but before you get too excited, listen up to what their terms and conditions are.

As soon you reach a 10% profit, ie. $100 in profit, your account won’t allow you to trade any longer until you make a deposit of at least $100.

If you’d like to take advantage of this, then open an account here.

$10 free from fxopen

It’s very easy to apply for the $10 no deposit bonus from fxopen. All you need to do is register an fxopen ewallet. Verify your mobile no and finally, open an STP trading account.

You may withdraw all profits after trading 2 standard lots. The initial $10 USD bonus can’t be withdrawn though, it’s not your money, honey.

I must re-iterate, these trading accounts won’t make you rich for free. You’ll have to make a deposit and trade a certain amount to be able to withdraw either the free deposit amount or

Forex trading books

Download 14 forex trading books and pdfs for beginners and advanced traders from the internet's largest collection of free trading books.

Share to win a $1,000 amazon voucher. Find out more ▷

Content continues below.

Foreign exchange training manual (confidential) free

Lehman brothers, 130 pages

In this forex training manual, lehman brothers teaches its traders everything they need to know about forex - spot, futures, options and swaps. This is an essential read and reference document if you are new to forex or which to brush up on your skills and understanding. This training manual also comes with practice questions.

17 proven currency trading strategies (chapter 5) free

Mario singh, 36 pages, 2013

This PDF contains chapter 5 from mario singh's book titled 17 proven currency trading strategies. In this chapter, mario introduces the five categories of forex traders and helps you understand your type through a quiz. Are you a scalper, day trader, swing trader, position trader or a mechanical trader?

7 winning strategies for trading forex amazon

Grace cheng, 256 pages, 2011

The author highlights seven forex trading strategies designed for different market conditions. This book also sheds light on how the forex market works and how trading in the direction of institutional activity can give you a competitive edge. Grace cheng is an investor, forex trader and co-founder of dailymarkets.Com.

A guide to strategic forex trading free for beginners

Orbex securities, 14 pages

Orbex covers 7 essential forex trading strategies: day trading, scalping, news trading, hedging, momentum trading, swing trading and trend trading. It introduces each strategy, before outlining its pros and cons.

Currency trading for dummies, 3rd edition amazon

Brian dolan, kathleen brooks, 343 pages, 2015

Currency trading for dummies is a hands-on guide that explains how the forex markets work and how you can become part of it. It touches on currency trading conventions, terminology, the characteristics of successful traders and risk management rules to protect your capital.

Content continues below.

Day trading and swing trading the currency market amazon

Kathy lien, 307 pages, 2009

The third edition of day trading and swing trading the currency market describes technical and fundamental trading strategies to help you succeed in the forex market. It touches on inter-market relationships, interest rate differentials, option volatilities and news trading. The author also covers the best time to trade currencies and the unique characteristics of certain currency pairs.

Forex trading factsheet free

In this factsheet, the U.S. Securities and exchange commission touches on the unique characteristics of the forex market, and draws attention to its inherent risks. It explains why leverage matters, and how it can bring about losses that exceed your entire investment (in the absence of negative balance protection).

Forex trading strategies free

In this presentation, IFC markets provides a high-level overview of the many different forex trading strategies you may encounter. It organises these into different families, such as trading strategies built around technical analysis, fundamental analysis, trading style and order types.

Forex: introduction to the forex market free for beginners

Download this free ebook to get access to exclusive educational material from avatrade. Open a live or demo account to access sharptrader, avatrade's trading school where you'll find a wide range of free courses for traders of all levels. Popular courses touch on trading strategies, fundamental and advanced technical analysis.

Let's get to know forex free for beginners

In this article, GFT introduces forex trading and explains the meaning of 'pips', 'leverage' and 'lots'. It maps out the steps you can take to make your first trade, and suggests ways to create a trading plan.

Content continues below.

Make forex trading simple free for beginners

IFC markets, 12 pages, 2013

In this hands-on guide, IFC markets explains what every new forex trader should know about the currency markets. Understand how to read a forex quote and place an order. This guide also introduces fundamental and technical analysis concepts, and highlights popular indicators.

Metatrader4 (MT4) user guide free

The little book of currency trading: how to make big profits in the world of forex amazon

Kathy lien, 197 pages, 2011

The little book of currency trading explains how you can make the most of opportunities possible in the forex market, from short-term price swings to long-term trends. It also highlights specific instruments that can help you achieve success, such as currency-based etfs.

Trading forex: what investors need to know free

National futures association, 24 pages, 2010

In this factsheet, the national futures association highlights issues you should consider before trading forex. It helps you answer simple questions such as how much money you should invest, how to calculate your profit and close a trade. It also highlights risks that are specific to forex trading.

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Best no deposit bonus forex brokers 2021

The brokers below represent the best no deposit bonus forex brokers.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Cysec, FCA, FSA(SC), FSCA, labuan-fsa

Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.

Your capital is at risk

Ctrader, MT4, MT5, proprietary

Dealing desk, ECN, market maker, no dealing desk, STP

Your capital is at risk

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Your capital is at risk

ECN, no dealing desk, STP

Your capital is at risk

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

Tickmill

Regulated by: cysec, FCA, FSA(SC), FSCA, labuan-fsa

Headquarters : 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ.

Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).

The broker provides more than 80+ CFD instruments to trade on covering forex, indices, commodities and bonds through three core trading accounts called the pro account, classic account and VIP account. They also offer a demo trading account and islamic swap-free account.

GO markets

Regulated by: ASIC, cysec

Headquarters : level 22, 600 bourke street, melbourne, VIC 3000, australia

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

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

Roboforex

Headquarters : 2118 guava street, belama phase 1, belize city, belize

Your capital is at risk

The roboforex brand is operated by the roboforex group, and is located in belize. Roboforex began operations in 2009 and has grown in size and capacity. The brand offers over multiple trading instruments which include forex, stocks, indices, etfs, commodities, energies, metals and cryptocurrencies.

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

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

Axiory

Headquarters : no.1 corner of hutson street and marine parade belize city, belize

Axiory was founded in 2012 and is a trading name of axiory global ltd which is authorised and regulated by the international financial services commission (IFSC) of belize. The broker segregates client funds from their own and offers negative balance protection. The company is also audited by pricewaterhousecoopers and is a member of the financial commission.

Users can choose from three types of trading accounts called nano, standard and max to trade on 80 different markets covering forex and cfds on indices, energies, stocks and metals. Axiory offers maximum leverage of up to 1:500 and also provides access to islamic swap-free accounts and a demo trading account. Users can also access data regarding execution times and slippage distribution for even more transparency.

Justforex

Regulated by: not a regulated broker

Headquarters : suite 305, griffith corporate centre, P.O. Box 1510, beachmont, kingstown, st. Vincent and the grenadines

Your capital is at risk

Justforex was founded in 2012 and is a brand name of JF global limited which is a registered company in st. Vincent and the grenadines. The broker offers 7 different types of trading accounts ranging from commission-free to commission-based accounts, islamic swap-free accounts and even ECN trading accounts.

While the broker offers more than 150+ asset classes to trade on, covering forex ECN, stocks, indices, commodities and bonds, access to certain markets depends on the account type opened. Justforex provides users with the globally-recognised metatrader 4 and metatrader 5 trading platform for PC, as well as the metatrader mobile trading app for android and ios users.

What is a no deposit forex bonus?

A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.

Just like the deposit bonuses in forex (which require you to deposit first), the no-deposit bonus is used strictly for trading purposes and can only be withdrawn from the account on fulfillment of the broker’s trade volume requirements.

Typically, the no-deposit forex bonuses are not as large as the deposit bonuses. They range from between $10 and $200, depending on the broker. They are actually meant to introduce new traders into the world of real money trading and are not meant to be used for profit-oriented trading. Think of it as a form of live, real money practice account where you keep all the gains. If you lose money, you have lost nothing.

What should I do to get my bonus?

Most of the no-deposit forex bonuses in the market can be obtained as exclusive offers through affiliate partners of the forex brokers that offer them. The forex brokers who award the no-deposit forex bonuses directly are typically in the minority.

What is the difference between no deposit bonuses and deposit bonuses?

No-deposit forex bonuses do not require an initial deposit into the trading account before they are awarded. This factor distinguishes the no-deposit forex bonus from deposit bonus, which like the name implies, requires a deposit from the trader before it is awarded.

No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.

What other bonus and promotion types do brokers offer?

Other bonuses and promotions may be given out by brokers occasionally.

The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.

Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.

Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.

Conclusion

Are you looking for the best no deposit bonus forex brokers for 2017? Here we show a list of these brokers which we have compiled after careful evaluation of various candidates. Ensure you use the no-deposit forex bonus wisely and use it to enhance your live account trading experience.

Best forex bonuses 2021

Giving away free money in the form of bonuses is common practice in the forex trading community outside of the european union where it is restricted.В these bonuses are just one of the ways that brokers encourage traders to try their services.В bonuses come in the form of no-deposit bonus and deposit bonuses and can be big or small depending on the broker.В

FXTM - best overall broker

Octafx - most trusted broker

Avatrade - best trading platforms

Marketsx - best trading conditions

Hotforex - best research

XM - best education

GKFX prime - most assets available

Here are the best forex bonuses for 2021

Last updated on 22 oct 2020

Updated 22 oct 2020

All brokers regulated

FXTM is an award-winning ECN/STP broker popular with beginner traders and experienced traders alike. Its popularity is due to the very wide range of accounts types, from instant execution accounts with very low minimum deposits to ultra-low spread ECN accounts вђ“ MT4 is supported across all account types and MT5 is available on the ECN accounts. An islamic option is available for all account types but only on the MT4 platform.

With recognition from the FCA and cysec, excellent training material, and 24/7 customer support, FXTM is a great broker for all traders.

Octafx is a client-focused, international broker with a loyal following of malaysian traders. The website is fully translated into bahasa melayu and octafx are always running competitions and promotions for malaysian clients; these include a 50% first deposit bonus, demo trading contests with cash prizes and frequent lottery giveaways (prizes include scooters, laptops and other gadgets).

An islamic option is available for all account types and new traders will like the excellent analytical section and range of useful trading tools such as autochartist, copy trading and an account monitoring service that lets beginners learn anonymously from successful traders. Trader education for beginners is well-presented and platform support is almost unbeatable, with MT4, MT5 and ctrader all offered.

Good value, beginner-friendly and hugely respected all over the world, avatrade is one of the most reputable brokers in the industry. With support for the leading trading platforms, great trading conditions on islamic accounts and top-quality multilingual support, avatrade has built a brand on a solid reputation and continues to please its many new and existing customers.В В

Avatrade offers trading in forex, commodities, cryptocurrencies, exchange-traded funds, options, bonds, and equities and is a good choice for any type of forex trader ranging from beginners to scalpers and intraday traders to long-term traders.

MarketsxВ is a premium trading platform. Itвђ™s operated by markets.Com and offers traders fast, low-cost trading on over 2,200 financial instruments. Marketsx provides CFD trading on global stock, forex, commodity, indices, cryptocurrency, ETF and bond markets. Clients in malaysia can take advantage of the swap-free islamic account on offer.

The proprietary marketxВ trading platform is packed full of features and trading tools and is optimised for lightning execution. As well as in-depth charting and asset comparison tools, marketsxВ also gives traders a wealth of decision-supporting data with sentiment tools, tutorials, and regular live-streamed, expert analysis.

Hotforex is an award-winning, global broker and has a reputation for client satisfaction.В

Trading conditions are varied across four account types, but spreads are generally tight (and are often zero pips on the market execution account). All accounts are also available as islamic accounts, and hotforex also offers copy-trading and managed accounts.В all clients have a dedicated account manager, and deposits and withdrawals are free no matter the funding method.

Hotforex has managed to attract a broad-based global clientele by offering multiple language capabilities and has a dedicated malaysian team.

XM group (XM) is a full dealing desk broker which offers floating spreads and suits all kinds of traders.В XM offers swap-free islamic accounts as well as a variety of other account types to suit traders.В it is a perfect broker for scalpers, intraday traders as well as long-term traders because of the tight spreads, fast execution times and good analysis software. В XM has a low minimum deposit making this broker accessible for traders just starting out.

GKFX is a new and popular broker on the asian market, winning many of the most industryвђ™s most respected awards вђ“ the first coming only a year after their launch in 2012.В it offers massive leverage of up to 1:1000, no minimum deposits for new traders, islamic versions on all accounts and a strong focus on integrity and quality service for its clients.

A number of useful tools are also available, including autochartist and trading central вђ“ alongside zulutrade and autotrade for those who prefer social trading вђ“ and the MT4 platform is fully supported, with hedging and scalping allowed.

Forex bonuses explained

Many top forex brokers offer several different bonuses, such as:

Deposit bonus

No deposit bonus

A trading bonus

Some custom bonuses specific to that broker

Almost every broker on the market offers a deposit bonus to give new investors an incentive to open a trading account.В A standard forex bonus is triggered when a client deposits money and they are then eligible to get the bonus either in a fixed amount or a percentage of the size of the deposit.

Why some brokers have no bonuses

Some regulators stop forex brokers from offering incentive bonuses to new clients. On june 1st, 2018, ESMA chair steven maijoor announced:

The measures ESMA has taken today are a significant step towards greater investor protection in the EU.В the new measures on cfds will, for the first time, ensure that investors cannot lose more money than they put in, restrict the use of leverage and incentives, and provide understandable risk warnings for investors.

This meant that for the first time, european-regulated brokers were not allowed to offer incentives to traders as a part of a marketing strategy.

ESMA, in a question and answers (pdf – page 59) paper published on 31 march 2017, went further to say that they believe brokers offering incentives are doing so in a way that is not in the best interest of their clients.В they say

Especially in light of the above poor practices observed in this sector of the market, ESMA is of the opinion that it is unlikely that a firm offering bonuses that are designed to incentivise retail clients to trade in complex speculative products such as cfds, binary options and rolling spot forex could demonstrate to its NCA that it is acting honestly, fairly and professionally and in the best interests of its retail clients, taking into account that the nature of the products means that they are not appropriate for a majority of retail clients. Ncas should therefore monitor that the practice of offering such bonuses is avoided in relation to these products.

This restriction is still in place and applies to all brokerage companies that are regulated by EU entities. These companies will not be allowed to offer bonuses to clients, even if the client maintains residency outside of the EU.В this restriction does not apply however to daughter companies which are not regulated within the EU.

Bonus conditions

Bonuses are marketing tools used widely outside of the european union in order to attract new clients. There is always a catch connected to these bonuses, and clients will need to read the terms and conditions to be sure of the requirements needed in order to be awarded the full bonus amount.

These conditions often require that a client be an active trader for an extended period before becoming eligible to withdraw the bonus, or that the trader engages in a set number of trades before the bonus is released into the trading account.

While these conditions will vary from broker to broker, do not expect to be able to use, trade or withdraw the bonus during your initial period with your new broker.

Deposit bonuses

If a broker’s bonus is offering you 200% of your initial deposit, that means your $250 outlay will enable you to trade with $500. You are safe to assume that this is a little bit of leverage being offered to you without you having to worry about the drastic consequences that arise after making a wrong investment decision.

You have to carefully monitor exactly what the brokers are doing because some of them may decide to take back the money and any of the profits that are being generated through the deposit bonus without notifying you. This is very rare, but just an example that highlights that you should have read all the rules.

Think past the bonus

By providing you with some money to lose with a clear conscience, brokers are effectively enticing you into opening an online trading account. There are certain broker safeguards put in place so that you do not withdraw the deposit before trading a set amount, but other than that I would only encourage a trader to read the rules of when the deposit can be made, and make sure that the no deposit bonus is not the only reason you are signing up with that specific broker.

Forex risk disclaimer

Trading forex and cfds is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products.В

Forex and CFD transactions involve high risk due to the following factors: over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.

Traders should not deposit any money that is not disposable. Regardless of how much research you have done, or how confident you are in your trade, there is always a substantial risk of loss. (learn more from theв FCAВ or fromв ASIC)

Our methodology

Ourв state of the market reportв andв broker directory are the result of extensive research on over 100 forex brokers. The explicit goal of these resources is to help traders find the best malaysian forex brokers вђ“ and steer them away from the worst ones вђ“ with the benefit of accurate and up-to-date information.

With over 150 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal.В

In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from a malaysian perspective.

All research has been conducted by our in-house team of researchers and writers, gathering information from various company representatives, websites and by sifting through the fine print. Learn more aboutв how we rank brokers.В

Bonuses and incentives

The world of forex trading is very competitive. There are so many brokers to choose from it can be hard to know which one to choose. With so much competition, brokers have to make sure that their offering is exciting and enticing. To do this, they incentivise you with bonuses for opening an account and making a deposit.

There are lots of different deals and offers, and they vary greatly. Not only do the types differ but also the amounts. With one broker you may receive a fixed fee whereas others will offer a percentage of the deposit that you make. Then there are bonuses for the volume you trade and for continuing to make deposits.

But how do you choose your broker? For many, the bonus is an essential criteria and can be the deciding factor. We have tried and tested every forex broker to make sure that we only bring you the best and as bonuses are one of the critical criteria that we review you can be confident that we present you with the best that the industry has to offer.

In this article, you will learn:

Top rated forex sites

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The types of forex bonus

There are many different types of forex bonuses available. More commonly you will see a welcome, deposit, or no deposit bonus when you visit a forex broker site. We review and recommend brokers based on these main types however, there are much more available. Some brokers pride themselves on the fantastic incentives that they offer. Here's an explanation of what's available:

Deposit bonus

When you open a forex trading account and make a deposit, you often receive some free money. This can be either a fixed fee or a percentage of your deposit. The deposit bonus has to be traded several times before it can be withdrawn.

No deposit bonus

Get a fixed deposit reward without making a deposit. This type of incentive is perfect for new traders that don't want to risk their own money while getting used to trading. Sign up to an account, receive your bonus and start trading before you make a deposit and start trading with your cash.

Volume bonus

This is great for more experienced brokers or for those who plan to trade in large volumes. The offer works like a cashback as it offers cash rewards based on the amount you trade.

Reward bonus

A reward bonus is given as an acknowledgement of completing specific requirements. It isn't always cash however and can sometimes be training courses, books or other tools to help you improve your trading experience.

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What is the ideal bonus

The ideal offer depends on what you are looking for. Different people have different requirements. If you are a novice trader then we would recommend that you look for a "no strings attached", no deposit incentive. This will enable you to get started on your forex trading journey without losing your own money and becoming disheartened watching your balance go down as you make your initial mistakes.

You may not make many mistakes, and your trading may be successful from the outside but like anything it takes practice to become good at something. Now if you are a more experienced trader then your requirements may be different. If you are not concerned about the money going down, because you know it goes up as well then you may be better off looking for a broker that offers a volume or a cashback deal.

Deposit bonuses are also good, especially if you can find a broker that offers 100% match. You may have different priorities, and you may prefer a particular site because of the ease of use. In these cases you won't be so bothered by the bonuses on offer if it is though it is worth checking out who offers what.

How a bonus can help

Bonus money is great if you are new to trading. From the deposit bonus to the no deposit bonus, it can be used in several ways to help you with your forex trading including:

There are terms and conditions attached to these bonuses which you should be aware of. The money has to be traded a certain number of times before it can be withdrawn, this is often the equivalent to thousands of dollars. Sometimes brokers will insist on $10,000 being traded for every dollar.

There are other rewards offered by some brokers that don't include cash. These rewards are often in the form of access to education tools and even books on trading. While they may not have the same appeal for many as a cash bonus, they are equally as valuable in helping to improve your trading skills. Some brokers also offer loyalty rewards which convert to discount or trading funds.

It is essential to choose the bonus which suits you based on your level of experience and what you want to achieve. For new traders the no deposit bonus is perfect while for more experienced traders they prefer a generous deposit bonus.

Deposit bonuses are good especially if you can find a broker that offers 100% match.

How we find the best deals

We find the best deals so that you don't have to. Our experienced team are made up of successful traders and financial experts that have spent years working in this industry. They trawl the markets testing the various forex brokers and putting them through their paces. We don't recommend just anyone. Every broker has to pass a rigorous analysis and trading test for us to be comfortable to put our name to it.

Each site is tested for licensing and regulation, ease of use and their mobile trading features. One of our critical criteria is bonuses. You will see our checklists on each of our recommended broker ratings. We rate them based on how they score for each category, bonus being one of them. If this is what you are particularly interested in then you can compile a shortlist from our recommended brokers and decide which of the shortlist you wish to open an account and start trading with.

With so much information available to you from our experienced and diligent experts, you can start trading with your chosen broker with peace of mind that your money is in safe hands.

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.

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