Forex broker with free bonus

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

Top forex bonus list

Top 6 Best Forex Brokers with No Deposit Bonus for 2021, forex broker with free bonus.

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

Top 6 best forex brokers with no deposit bonus for 2021

Top rated:

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

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

What is a no deposit bonus?

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

No deposit bonus: are they available in the EU?

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

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

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

Top 6 best brokers with no deposit bonus

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

Forex brokers with welcome bonus

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

What is a welcome bonus

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

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

What should I check when choosing a welcome bonus?

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

Possibility and requirements to withdraw the bonus

Countries where it is available

Verification procedure, required documents

Possible fees for an inactive account

Best 5 forex brokers with welcome bonus

XM

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

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

FXTM

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

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

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

FBS

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

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

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

Fxopen

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

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

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

Worldforex

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

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

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

Can I withdraw no deposit bonus?

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

Forex no deposit – free 30$ no deposit bonus to trade

Have you ever thought of a trading opportunity that gives you a bonus without an initial deposit? We are pretty sure that you have not. But here we are going to introduce the best trading bonus opportunity, which requires no deposit. Forex no deposit bonus is the most famous trading opportunity that XM trading offers on behalf of you. You have zero risks in trying out this opportunity since you require no deposit. But before that, you have to know everything about it.

Forex no deposit bonus

A $30 trading no deposit bonus is the most trending promotion introduced by forex to you. There are many reasons for this to be trending. There is no doubt that this would be a good chance for you to start working with XM trading.

The $30 trading bonus does not ask you for an initial deposit. Yes! Forex no deposit bonus is the most significant benefit of this promotion.

They automatically create your account when you register with them.

And the best thing is that you could earn all your profit and withdraw that profit.
And you receive a bonus on non – withdrawals.

Don’t you find it excellent?

Let’s talk more about this. But before that, you should know about XM trading.

Who is XM trading?

XM is a company that was found in the year 2009, and now they have 450 plus financial experts working with them to serve you and more than 3,500,000 clients who get their service. They can handle you in many languages, and they work with traders from 196 countries in the world. They provide 24/5 personal customer care service with 16 full feature trading platforms. They have the aids to do with the customers from different social, cultural, and economic backgrounds, and their management has visited more than 120 countries to assist their clients. You would get their assistance to reach the global financial market. The number of completed trades by XM trading exceeds 2.4 billion.

Why should you choose XM over others?

They are a human company. They value every requirement of their customers. For that, they are going to meet the customers face to face to serve them. They organize and host seminars throughout the world to find and guide the traders in making related financial decisions.

So, they know that they receive higher client retention.

As they mentioned, their success is your satisfaction. XM trading does everything they can do to satisfy their customers and to win their loyalty.

They update their knowledge and ideas with the upgrading technology. It is easier for them to support you when they are up to date with new trends. Above them all, what they consider is your requirement, and they are ready to assist you per your requirement with their knowledge. They guarantee you that they work to achieve the best client performance on the platforms they use.

Humanitarian actions of XM

Their mission and vision explain their intention to make a positive difference in their clients’ lives without depending on culture, ethnicity, or nationality. XM trading treats everyone the same. They drive the individuals to develop their skills and abilities while working collaboratively with locally and internationally active foundations on humanity.

Moreover, this organization has done many human missions to support the needed people all over the world. Recently, they donated to the malaysian federation of the deaf to keep them in medical supplies. Before that, they could help poor people in latin america by offering them food. These are only a few humanitarian activities done by them. You can find many details on this by visiting the web page visit.

Their promotions

They have introduced some fantastic promotions along with forex. It includes the no deposit bonus that we talk about here. You can find them when you visit here: XM promotions.

The trading bonus

This $30 trading bonus is the best opportunity for you to know the quality of working in the real trading field without any risk. As we mentioned above, you can withdraw all your profit. But remember that you are going to get a bonus on non – withdrawals. There is no need of depositing a single amount of your money to receive this bonus. Get this as an opportunity. They give this chance for all the new traders to join XM trading. You are open to apply for the promotion when you launch an XM real trading account for the first time. You have a 30 day period to trade in this promotion, and you can claim your bonus on day 30.

How to claim the bonus?

You have to follow only a few easy steps to join the promotion.

First, open a real account in XM trading.

For that, visit open new account.
You only need 2 minutes to complete your registration. Use the english alphabet to complete the form.
You have to use your first name and surname to fill the form since we will display them in your identity document.

Then you will start receiving emails from [email protected]

Remember not to mark this email as spam because XM does all the communications via emails. So now you can start trading.

To claim the bonus,

Log in to the members area by using the credentials received for your email.
Validate your account by providing the relevant documents to identify.

Click on “ claim your bonus “
receive the bonus by completing the voice verification according to the on-screen instructions.

Contact XM trading if you need support.
You can immediately contact XM trading if you get any problems regarding XM trades.
Visit their FAQ page to find a solution to any common problem you get.

They use emails to communicate with you.
Their address is,
no.5 cork street, belize city, belize, CA.
For online support, live chat with them via,
[email protected]
phone number,
+501 223-6696

For complaints
you can contact the customer care department or your client relations manager to convey any complaint regarding any dissatisfaction.
If they could not solve your issue, please submit your complaint to the compliance department.

So we invite you to join XM trading and get this fantastic chance to trade with them. The time and effort you lay on forex no deposit bonus would make you satisfied indeed. Your satisfaction is their success.

Forex broker with free bonus

Deposit bonus – A bonus on funding a live account. The bonus credited on percentage of the deposit amount.

No deposit bonus – free bonus on account registration for the new clients to trade live without any risk.

Tradable bonus: A deposit bonus that can be lost and traded as the part of your trading equity.

Volume bonus – most common type of deposit bonus, it allows you to increase your trading volume. Often the bonus can be cashed on trading lot requirement.

Forex gift – A gift for the clients for completing certain requirements, everything from bonus to latest gadget

Freebies – free stuff by forex brokers like ebook, courses, trading materials etc.

Rebate – cash-back withdrawable bonus on each lot traded.

Demo contest – contests held on demo account, win cash/tradable money with no-risk involve!

Live contest – contest held on live account, deposit requires. Win bigger cash/prizes.

Refer – a-friend– refer your friend to your broker, when your friend deposit you will get a special bonus

Free signals – get free trading signals from the broker.

Free VPS – get access to an optimized forex virtual private server for free on maintaining a certain amount of trading balance.

Binary options – binary bets trading on forex instruments

Forum posting: get a small trading bonus for each of your post in forms.

3 affiliate IB: receive a commission from your fellow traders, specially design for the marketers.

Draw bonus: the winners chosen by a draw

Seminars webinars: find the schedule to participate in the online/offline events.

Expos events: inviting to attend the forex events & expos globally.

Why you shouldn’t take the deposit bonus from forex brokers

It’s everywhere…brokers offering you a forex bonus, but here’s why you shouldn’t take it. “deposit $500 and we’ll give you a $100.” “we’ll match 100% of your deposit up to $1000!” have you seen them? It’s tempting to take this “free money” offer. After all, that extra cash gives your new trading career a nice boost. Don’t take the forex broker bonus. There are several reasons why.

Don’t take the forex broker bonus – withdrawal issues

The main reason not to take a forex broker bonus is that it’ll likely lead to withdrawal issues.

Let’s say you deposit $1000 into a forex account, and for this you get a $200 bonus (see day trading with $1000 or less). While this gives you $1200 in capital to trade with, you can’t withdraw that amount. In fact, while you may have $1200 in your account, if you go to withdraw $300 for emergency expenses, the forex broker won’t likely allow it. Why? Because now their money is mixed with yours. They have a vested interested in keeping your capital in the account because it protects theirs

What if you want to switch brokers, so you go to pull out your money? The bonus you accepted forces you to stay.

The only way you can withdraw the bonus, or any of your own capital, is to trade enough so that the full forex bonus is “released” to you. Typically, you need to trade $10,000 for each $1 of the bonus (read the fine print, bonus terms may vary). So in order for that $200 to become yours, you need to trade $2,000,000 worth of currency. Forex bonus terms vary, but the bottom line is that you need to trade a lot, regardless of how it’s structured. Some brokers do allow withdrawals while in the “bonus accumulation” phase, but often you’ll lose the bonus accumulated, or the bonus is pro-rated to the withdrawal amount (this is fair, but we still have other issues). This brings us to the next reason you shouldn’t take a forex broker bonus.

The forex broker bonus isn’t worth squat

Think about the above statement for a second “you need to trade $10,000 for each $1 of the bonus.” this statement seems typical across the sites reviewed (not all of them of course), but in some cases up to $100,000 needs to be traded to release just $1 of the bonus!

If the EURUSD moves 1 pip while you’re holding a mini lot ($10,000 worth of currency) that equates to a $1 increase or decrease in your account equity, depending on if the trade moves in your direction or not (see: introduction to forex trading). Essentially, the forex bonus is only worth 1 pip ($1) per mini lot trade. That amounts to squat when you really think about it.

For the potential withdrawal issues, is making $1 per mini lot trade really worth the hassle? Making 20 pips on the actual (1 mini lot) trade results in a $20 gain. Since most new traders aren’t full-time traders they’ll swing trade, seeking bigger profits from positions, potentially 100 pips or more. If you make 120 pips on a trade you make $120, or if you lose 120 pips you lose a $120. That $1 bonus per $10k traded starts to look pretty insignificant.

Thinking about this tiny amount is likely to induce you to trade more often, taking poor quality trades. Therefore, not only is the bonus worth squat, it is likely to actually negatively affect your trading.

The forex bonus is aimed at new or minimal capital traders

Let’s continue with the point above. Usually, forex broker bonuses are aimed at new traders, or traders with small amounts of capital typically depositing $5,000 or less, often $1,000 or less. If you have a $1,000 account, even with leverage it’s going to take most traders (who aren’t full-time) a long time to trade $2,000,000 in order to withdraw (their own funds and) their $200 bonus, as in our example above.

If you manage your risk and don’t risk more than 1% of your account balance on any one trade, on a $1,000 account ($1200 with the bonus) that means you can risk $12 per trade. If trading a mini lot, that means you need to take trades with a 12 pip risk or less (difference between entry price and stop loss order). You need to make 200 such trades in order to make that bonus yours. At one trade a day, that takes nearly a full calendar year. Making a trade every other day means two calendar years of trading before that bonus is yours. What if you want to make a withdrawal in that time?

Not quite as glamorous as it sounded in the ad, is it?

Now if you open an account for $10,000 and get a $200 bonus it works a bit better (see how much money do I need to trade forex?). Because you have a lot more of your own capital, you can take larger positions, and still keep your risk per trade under 1%. You attain your bonus much quicker, likely within a matter of months. But most traders who are taking this bonus aren’t depositing $5,000 or $10,000, they’re depositing $100 to $1000. If you take a $200 forex bonus on a $200 deposit you’ll likely never be able to withdraw your money. It’ll take you so long to trade the necessary $2,000,000 in currency that the learning curve in trading will have already eaten through the deposit.

So if you deposit more then a bonus is good? No!

Most forex bonuses are offered by mediocre brokers or to naive traders

Given all the information above, you’re likely now seeing that a forex broker bonus is actually a bit of a scam. Not a fraudulent one, but more of an ethical grey area. Every broker that offers a forex bonus knows the above stats, and that most traders will never get to withdraw the bonus. On top of this, by providing the forex bonus the forex broker is assured that the trader can’t withdraw funds and is thus forced to trade with them until they become profitable, attain the full bonus or lose all their capital.

What type of brokers don’t want you to withdraw funds? I’m not saying…I’m just saying.

Look up very large forex brokerages…oanda, forex.Com, FXCM, tdameritrade, interactive brokers and saxo bank…do you see “free MONEY. ” splashed across their sites? They may offer a tighter spread, rebates on commissions or some commission-free trades to very active traders, but you’ll almost never see “free money” dangled in a trader’s face. Something to think about.

NOT ALL FOREX BROKERS THAT OFFER CASH BONUSES ARE BAD (nor is the above statement recommending the brokers mentioned)! There are likely a

lot of brokers out there which are quite reputable, but that offer a cash bonus which may result in you not being able to withdraw your funds. Read the fine print and be suspicious of free “carrots” dangled in front you.

Other troublesome things squeezed into legal jargon

In the fine print here are a few things also of concern. The below statements have been copied and pasted from actual bonus terms and conditions on several forex broker sites:

The company reserves the right to cancel the [XX]% bonus without prior warning, so we strongly recommend refraining from use of bonus funds in developing your trading strategy. The company is not responsible for any consequences of bonus cancellation, including stop out, because the bonus is the ownership of the company until the customer earns it by completing trades of the total volume specified in the clause [X]of the present agreement.

Defeats the purpose of a bonus. If they can retract that bonus at any time, and you are trading based on the amount of capital in your account (your own capital plus the bonus), if the bonus is taken away by the broker, it could leave you in trades that are way too big for the capital left in the account (just your your capital now).

If volume requirements are not met and the equity of the account goes below the bonus amount then the bonus is removed automatically by the system. In other words, if the cash equity (equity – credit bonus) becomes zero or less, all previously awarded credit bonuses will be canceled and withdrawn from the respective client’s account. In these circumstances the company shall not be liable for any consequences of the bonus cancellation, including, but not limited to, order(s) closure by stop out.

As indicated…that money isn’t free, and if you don’t do well that “free money” is going to be taken away. While wording of terms vary from broker to broker, the underlying tone is the same: you face potential complications by accepting the bonus, it takes a lot of successful trading for that bonus to become yours, there’s no actual free money, and it’s not going to be there for you when you actually need it.

Final word on forex broker bonuses

There may be some bonuses out there that are good, with minimal strings attached. Such forex broker bonuses are rare. Read the fine print, as each situation and broker are different. As a general rule, though…don’t take it!

When you open an account explicitly state that you don’t want the bonus. Send an email or make a phone call if you have to. If some of their money makes it into your account, it will complicate things. And when it comes right down to it, the bonus is usually so small (relative to potential trading gains or losses) that it really isn’t worth it. The bonus is worth the most to the small trader, yet it favors them the least since it could take years of trading before that bonus money becomes theirs. Most small accounts are wiped out by that time. And it’s probably best to trade with a regulated broker, in a major global financial center, that isn’t offering “free money” in the first place. If you want to be a real trader, ignore these gimmicks. Find a good broker and forget about bonuses. Ultimately, forex broker bonuses equate to tripping over pennies while the focus should be on the much bigger money available from actual trading.

Read all terms and conditions before opening an account.

In order to adequately test out a forex broker you need to be able to make withdrawals. This is part of the process outlined in how to find a forex broker that’s right for you.

Over 300 pages of forex basics and 20+ forex strategies for profiting in the 24-hours-a-day forex market. This isn’t just an ebook, it’s a course to build your skill step by step.

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.

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

All forex bonuses

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

1. Types of forex bonus

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

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

2. Always read the forex bonus terms and conditions

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

3. Do you really need a bonus?

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

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

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

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

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

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

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

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

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.

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