Best Deposit & No Deposit Forex Bonus 2017

Even though the majority of forex brokers offer demo accounts that let their customers practice with the trading platform, some also offer a welcome bonus with no need to add cash to your account. Occasionally you will need a special promotional code to enjoy such an offer, but in most cases all you need to do is visit the broker's homepage and sign up to earn your welcome gift.

 

 

The Best Forex Brokers + Trading Platforms

Our Rating Description Minimum Deposit Regulation Visit
5
  • The leading Social Trading platform with 4.5m traders
  • Follow other traders or be a leader
  • Personal service and VIP perks

$200

FCA, CySec, ASIC

Visit Broker
eToro Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
5
  • Free forex signals + market research
  • Online education and webinars
  • Fee free withdrawals and deposits

$5

CySEC, FSP, ASIC

Visit Broker
XM Review
Risk Warning: Your capital may be at risk
5
  • No commissions and low spreads
  • Advanced trading tools
  • Minimal account fees

€100

FCA, CySec :

Visit Broker
Plus500 Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.5
  • Stylish & Powerful Platform
  • Trade Bitcoin + 12 Other Top Cryptocurrencies
  • Plus Forex, Options, Stocks & ETF Trading

$10

CySec

Visit Broker
IQOption Review
Risk Warning: Your capital may be at risk
4.5
  • World class trading platform
  • Expert market analysis
  • FCA Regulated and traded on the LSE

0

FSA

Visit Broker
LCG (London Capital Group) Review
Risk Warning: Your capital may be at risk
4.5
  • Trusted, regulated broker with 10 yrs experience
  • Multi award winning company
  • Segregated accounts with leading banks

$100

Central Bank of

Visit Broker
AVATrade Review
Risk Warning: Your capital may be at risk
4.5
  • Free Guaranteed Stop Loss
  • Segregated funds at top tier banks
  • Fixed spreads & negative balance protection

$100

ASIC, CySEC

Visit Broker
Easy Markets Review
Risk Warning: Your capital may be at risk
4
  • Choice of two professional trading platforms – TraderPro and MT4
  • Free trading course for deposits over £1,000
  • Choice of Forex, CFDs, Spread Betting and Cryptocurrencies

€100

FCA

Visit Broker
ETX Capital Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4
  • Tight spreads without commissions
  • Advanced charting tools

$100

CySec

Visit Broker
Markets.com Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4
  • Split second execution
  • No requotes
  • Range of accounts

$5

IFSC

Visit Broker
FBS Markets. Review
Risk Warning: Your capital may be at risk
3.5
  • 'Asia's top broker'
  • Wide choice of leverage options

$1

RAFMM, The Federal

Visit Broker
InstaForex Review
Risk Warning: Your capital may be at risk
3.5
  • Instant fund withdrawals - no commissions
  • Tight spreads from 0.1 points
  • Unlimited leverage

-

FDR (NZ), CySEC

Visit Broker
EXNESS (NZ) Ltd. Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3.5
  • 8 Trading Platforms
  • Spreads from 0.1 Pips
  • $0 fees on deposits

$5

FSC & CySEC

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HF Markets Ltd. (HotForex) Review
Risk Warning: Your capital may be at risk
3
  • Trusted by 100,000s of traders
  • Fully licensed in the EU by CySec
  • Tight spreads and fast withdrawals

$100

FSC Mauritius

Visit Broker
FXPrimus Review
Risk Warning: Your capital may be at risk
2

10

Visit Broker
OLYMP TRADE Review
Risk Warning: Your capital may be at risk

How to claim a (no) deposit forex bonus

  1. Choose a a great bonus offer
  2. Register at the broker's site.
  3. Verify your identity and telephone
  4. Make a deposit to earn a bigger bonus
  5. Start trading with your welcome bonus

A bonus gives the customer real money to make trades and allows them to withdraw their profits, after a specified number of trades, all without risking any of their own money. It is thus a perfect way to learn how forex works without having to spend any money.

In the vast majority of cases, welcome gifts are only given to new customers who open an account and haven't made any deposits before. Before the customer can make a withdrawal, they must usually have made a minimum amount of trades as set out by the broker's bonus rules. There could also be a maximum amount of profits that the customer can withdraw if they haven't deposited any of their own funds.

The best use of these funds is to add to a position you would take anyway, increasing your margin and therefore the chance that you could profit from a trade, but most will use the bonus as an opportunity to test a trading platform in a real world scenario, as many brokers' demo accounts work on a different feed to real trading so issues such as transaction speed and slippage are not as apparent.

Forex Deposit & Trading Bonuses

In order to attract new customers, some forex brokers may offer a forex deposit bonus to their customers. These deposit bonuses work in a way that is similar to what online casinos and sports betting sites offer their players. The customer makes a deposit and receives a percentage of their total deposit amount as a bonus. In most cases, the bonus would be applied instantly to the account. Forex deposit bonuses are typically given to new customers, but some brokers may make them available to existing accounts as well. The customer can then use the bonus to make trades, as it is added to the account balance. However, before being able to make a withdrawal, a customer that receives a forex deposit bonus would have to fulfill certain conditions set out by the broker. This could mean making a minimum amount of trades.

While these no deposit welcome gifts can help get you in the game - and indeed are often used as a hook by many trading companies - we're a bigger fan of deposit and trading bonuses, where you can gain an additional 100% on your initial - or even repeat - deposits to a broker. By leveraging these you can dramatically increase your flexibility in opening positions, as the additional bonus acts as a buffer against adverse trades.

While nobody will turn down a $25 signup promotion, it's clear that recieving an additional $5,000 - $10,000 when you start trading with a new broker gives you a considerable advantage, allowing you to increase the size of your trades and capture more value from the market.

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Risk Warning

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