Best Forex No Deposit Bonuses in Malaysia (2025)

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TOP Forex Bonuses in Malaysia:

XM Group - No Deposit Welcome Bonus $30
Bybit - 20 USDT Welcome Gifts
InstaForex - $1000 Startup No Deposit Bonus
Tickmill - $30 Welcome Account
WForex - Bonus $10 Free

Welcome bonuses, no deposit offers, deposit matches - the Forex industry is full of tempting promotions for traders. While extra funds sound exciting, it's important to look beneath the surface at what's really on offer.

In this guide we have rigorously analyzed promotions from major platforms operating in Malaysia, identifying the most trader-friendly options. Beyond promotional figures, we weigh considerations like terms, conditions, and regulatory compliance.

What is a Forex Bonus?

Welcome Bonus Forex Malaysia, just like all other types of bonuses, is a marketing ploy by a broker aimed at attracting new clients. The benefit for the trader in this case is that the broker adds own funds to the first deposit of the trader. If we talk about Forex no deposit bonus Malaysia, the broker adds own funds even if a trader does not deposit funds to the account.

As a rule, you cannot withdraw the bonus amount, or you need to achieve a certain (rather high) trading volume in order to be able to do that. It is, however, possible to withdraw profit that you earned by using bonus funds. That’s the main motivation for novice traders. They have an opportunity to assess convenience and functionality of the platform with minimum investment, while their profit potential increases through the bonus funds.

Best Forex Bonuses in Malaysia

Forex no deposit bonus Malaysia is offered by many brokers, but not every one of them offer truly beneficial conditions. This also concerns Forex bonuses of other types. There are often “pitfalls” behind an attractive façade. For example, to enable withdrawal of bonus funds, a broker may require a trading volume that is unrealistic for a beginner.

Some companies offer better conditions, while the bonuses offered by other companies are not worth the effort. You can try and analyze all brokers operating in Malaysia on your own, or you can save time and use the table created by the TU experts on the basis of a summary analysis of the platforms with the most favorable conditions.

	Bonus/promotion name	Bonus Size ($, %)	Status	Referral code or referral link to the bonus page
XM Group	No Deposit Welcome Bonus $30	$30	Active	Claim your bonus
Bybit	20 USDT Welcome Gifts	20 USDT	Active	Claim your bonus
InstaForex	$1000 Startup No Deposit Bonus	$3,500	Active	Claim your bonus
Tickmill	$30 Welcome Account	$30	Active	Claim your bonus
WForex	Bonus $10 Free	$10	Active	Claim your bonus
xChief	$100 No-Deposit Bonus	$100	Active	Claim your bonus

Request Bonus

Unlimited

Expiration date

XM offers a "Trading Bonus" promotion, giving new clients from Oman, Singapore, Malaysia, UAE, Kuwait, Bahrain, and Bruneia $50 bonus without requiring a deposit. In certain regions, new clients are eligible for a $30 No Deposit Bonus, This bonus is credited automatically upon account opening and can be used for trading. Profits made from the bonus can be withdrawn, though the bonus amount is deducted proportionally upon withdrawal. The bonus is valid for 30 days. This promotion is not available to clients under the jurisdictions of CySEC, ASIC, and DFSA.

How to claim?

Register a new trading account
Complete the account verification
Claim the Bonus
Complete the SMS verification

Request Bonus

Unlimited

Expiration date

Bybit's 20 USDT Welcome Gifts promotion is designed to reward new users who join the platform. The offer celebrates Bybit reaching 15 million users, providing newcomers with a 20 USDT coupon upon registration. This incentive aims to familiarize new users with the platform's features and encourage their active participation in trading.

How to claim?

Sign up.
Receive a USDT coupon as a reward.

Request Bonus

Unlimited

Expiration date

The $1000 STARTUP bonus is a no-deposit bonus that allows new clients to start trading on Forex without any initial investment. Following registration, verification, and contacting customer service, the bonus amount is automatically credited to the client's account. The bonus can be used for trading purposes only and cannot be withdrawn. However, the profits made with the bonus can be withdrawn at any time. The bonus is available for all account types on the MetaTrader 4 and MetaTrader 5 platforms, and the bonus is valid for 7 days and can be canceled at any time.

How to claim?

Register Live account
Apply for the bonus
No verification needed

Request Bonus

Unlimited

Expiration date

The Welcome Account is a special offer that allows new clients to experience trading with Tickmill without any risk. The clients receive a $30 bonus, which can be used for trading on over 80 instruments. The bonus is valid for 60 days, and profits made from the bonus can be withdrawn after trading at least 5 lots. Profits not less than $30 and profits not more than $100 can be withdrawn from the welcome account to the client’s wallet. The bonus is available for trading for 60 days from the day of opening. Once 60 days have passed, trading will be disabled, but the account will still be accessible for an additional 14 days to claim the earned profit. The offer is limited to one account per client and is not available in certain countries.

How to claim?

Complete the registration form
Login into the account with credentials sent to you by email address
Wait until the bonus is added
* available for trading for 60 days from the day of opening

Request Bonus

Unlimited

Expiration date

World Forex offers a $10 non-deposit welcome bonus for new clients. To participate, register on the site, complete the personal information form, verify your phone number and identity, open a trading account, and apply for the bonus. The bonus is available for W-PROFI, W-CENT, and W-OPTION account types. The $10 bonus can be used for trading, and profits earned can be withdrawn once a specified trading turnover is achieved. This promotion provides a risk-free opportunity for new clients to start trading and earning without any initial financial investment.

How to claim?

Register and verify your account
Open one of the trading accounts W-PROFI, W-CENT, W-OPTION
Apply for a bonus

Request Bonus

Unlimited

Expiration date

This is another promotion provided by ForexChief. It allows new clients to receive a $100 bonus without making a deposit. Once account verification is completed, the client will automatically receive the No-Deposit bonus via the xChief mobile application. The $100 No-Deposit bonus is only available for DirectFX and Classic+ accounts, and once credited to the client's account, it can be used to conduct trading tests on the platform. This bonus to available to a selected countries.

How to claim?

Open DirectFX or Classic+ account
Fulfill the verification process
Download the mobile app to claim the bonus
Choose the "No-Deposit Bonus" option

Request Bonus

Types of Forex Bonuses

Forex welcome bonus

The name of the bonus explains it all – a trader can get additional funds to the account from the broker only when he makes the first deposit. The bonus is not awarded for all subsequent deposits. Therefore, in order to get this bonus, you need to fund your account by at least the minimum deposit amount.

Traders who cannot make a big initial deposit right away can have more money for trading thanks to the welcome bonus.
The bonus provides an opportunity to assess how comfortable it is to work with the broker in real conditions with real money at a minimum risk for your budget.
Often welcome bonus Forex Malaysia can be used for “drawdown”, which also reduces the risks for the trader’s budget.

The bonuses of this type are not no deposit bonuses, which means that you have to deposit at least some amount on the account.
Often, bonus funds cannot be withdrawn or you have to trade high volumes to be able to withdraw them.
Getting free funds increases the risk of irresponsible trading and can lead to losses.

No Deposit Bonus Forex

As in the case with the welcome bonus, the name of the no deposit bonus is self-explanatory. It does not require making a deposit. Brokers provide their funds to the trader for free after registration and verification of an account. Many believe that the Forex no deposit bonus Malaysia is the best bonus, because it allows you to start trading without investing your own money.

You can start earning money in the Forex market without using your own funds.
Traders do not carry the risk of losing their own money when trading actively with bonus funds.
The funds provided by the broker can be used to see if the platform is suitable for you.
These bonuses are priceless for novice traders, because they allow them to gain real experience risk-free.

Usually the bonus cannot be withdrawn, and the profit earned from it can usually be withdrawn either at a certain trading volume or after a certain time.
Sometimes, brokers have additional conditions, under which you cannot withdraw profit earned from the bonus funds in full.
There won’t be too much benefit from the bonus if a trader does not trade actively, because he won’t be able to withdraw profit from it.
All brokers warn traders that Forex no deposit bonus Malaysia can be recalled.

Forex deposit bonus

This is the second most popular type of bonus after the welcome bonus. A trader makes a deposit of a certain amount and gets additional funds from the broker. The difference from the welcome bonus is that you can get a deposit bonus more than once. As a rule, these are promo bonuses, but some brokers award them for each deposit.

A trader receives additional funds to his account for free.
Profit potential increases with additional funds.
Deposit bonus is especially relevant if you have a small budget.
Bonus funds can be used to explore the platform.
You have a chance to make good money with minimum investment.

As a rule, a number of conditions must be met in order to withdraw funds from a deposit bonus.
The bonus psychologically encourages traders to trade more actively, which could lead to losses.
If a trader has significant capital and makes large deposits, this bonus is sometimes not important for him.
Bonus funds can be withdrawn by the broker at any time for a variety of reasons.

How to Choose a Forex Bonus in Malaysia?

Forex no deposit bonus Malaysia may seem beneficial only at first glance. Many brokers offer substantial amounts, but it is impossible to withdraw them, while the profit earned by trading with the bonus can be withdrawn only if you make high trading volume or within a limited time period.
Before opening an account with a broker and activating Forex bonus, read full conditions of receiving such a bonus. It may look attractive on the broker’s website homepage, but there are always additional conditions and even ‘pitfalls’.
Welcome bonus Forex Malaysia may be unavailable with some brokers. Please note if the broker has a list of countries and regions, where the company does not operate, on its website. Although the restrictions are rare for Malaysia, it is still better to check.
The bonuses are almost never added to one another. In this case, you need to think about which bonus is more profitable to take now, and which one to leave for the future.
Do not rush to choose a broker with a beneficial Forex bonus. Compare the maximum number of companies working in Malaysia, compare their conditions and potential. Or, you can choose an easier way and review our top list.

Rules and Regulation

Licensing in Malaysia

Forex trading in Malaysia is regulated by the Securities Commission Malaysia (SC) under the Capital Markets and Services Act 2007. The regulatory framework aims to ensure market integrity, investor protection, and financial stability in the Forex market. Investors should trade with licensed brokers, conduct due diligence, and stay informed about their rights and protection to mitigate risks associated with Forex trading.

Investor protection in Malaysia

Forex investors in Malaysia are protected by the Securities Commission Malaysia (SC), which regulates the Forex market and ensures the integrity of the financial system.

Malaysia has policies to protect Forex investors:

licensing of Forex brokers;
restrictions on Forex trading.

Taxation in Malaysia

Forex taxation in Malaysia is governed by the Inland Revenue Board Malaysia (IRBM), which administers the country's tax laws. Forex traders are required to report their trading income to the IRBM and pay income tax on their profits at the applicable tax rates. Malaysia has progressive income tax rates, ranging from 0% to 30%, depending on the individual's total taxable income.

Why do Forex Brokers Offer No-Deposit Bonuses?

No-deposit bonuses enable traders to engage in risk-free trading while exploring the trading world. Since the forex broker provides the bonus, you are not exposed to any financial risk. This bonus is especially beneficial for beginner traders. They can use the bonus to practice their trading strategies and gain experience without depositing their own money.

Forex brokers provide no-deposit bonuses for several reasons:

Marketing and Attraction: No-deposit bonuses are used as a powerful marketing tool to attract new traders. Brokers use these bonuses to serve as an enticing incentive as they showcase their generosity. These bonuses entice potential clients to open trading accounts. As a result, forex brokers offering no-deposit bonuses create a positive first impression and stand out in the competitive market.
Client Acquisition: Forex brokers use bonuses as a strategic client acquisition technique. These bonuses lower the initial financial barrier for first-time traders. Brokers hope that once traders use the no-deposit bonuses (NDB) to experience their platform, they will most likely continue trading using real funds. Therefore, NDB forex serves to convert trading prospects into real clients.
Educational Purposes: The bonuses also serve educational purposes. They enable beginner traders to explore the complexities of the forex market without risking their capital. Consequently, no deposit bonus encourages learning and skill development. You can use the no deposit bonus to gain confidence and competence.
Building Trust: No deposit bonuses create trust among potential clients. As brokers provide a risk-free opportunity to trade, they demonstrate credibility and commitment to the trader’s success. This trust is a key factor in the trader’s decision when selecting a broker.

What Can You Do with a Free Bonus No-Deposit?

With a free no-deposit bonus, you can do the following:

Test the Broker’s Platform: You can thoroughly test the broker’s trading platform. As a result, you can examine whether the platform meets your preferences, needs, and technical requirements.
Practice Trading Strategies: A no-deposit bonus allows you to practise trading strategies without depositing real money. You can try out different trading strategies, styles, and risk management techniques. Therefore, a no deposit bonus offers an invaluable experience for refining your trading skills.
Experience Real Market Conditions: You can use the no-deposit bonus to experience the real market conditions. These conditions include dealing with market volatility, the pressures of making informed trading decisions, and emotional responses to gains and losses. These experiences are essential for your growth as a trader.
Explore New Markets: You can also use the no deposit bonus to explore new markets and diversify your trading portfolio. The bonus enables you to identify and trade in new asset classes. Trading diversification creates new opportunities and reduces risk.

Expert Opinion

Malaysia is one of the countries where promotions, including bonuses, are available from Forex brokers. For Forex market newcomers, this opportunity provides several advantages. For instance, beginners can slightly increase their initial capital with a welcome bonus. In the case of a no-deposit bonus, one can try real trading conditions with minimal risks. However, it's important to understand that bonuses are not free money, and promotions are aimed at attracting new clients. When choosing a bonus, it's crucial to consider not only its size but also the conditions for receiving and withdrawing it. Some brokers set conditions that are challenging to fulfill. It's also important to prioritize other company conditions, such as commissions and spreads, as they significantly impact a trader's results.

FAQs

Can bonuses be combined or is it one at a time?

Bonuses typically cannot be stacked and used simultaneously but must be applied to one account at a time sequentially.

How often can bonuses be claimed?

Welcome bonuses are usually one-time only for new clients. Deposit match and no-deposit bonuses may recur but often with limits like once per calendar month or weekly.

Can I open multiple accounts to maximize bonuses?

While tempting, most brokers prohibit opening multiple accounts to gain multiple bonuses. This would be considered abuse of promotional offers.

Do bonus funds expire if I don’t trade regularly?

Inactivity periods may apply, such as bonuses expiring after 30 days with no trading activity. Be an active trader as per the bonus terms to keep the funds usable until targets are met.

Team that worked on the article

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.

He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.

Also, Andrey is a member of the National Union of Journalists of Ukraine (membership card No. 4574, international certificate UKR4492).

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Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

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