Which Broker Gives Free Bonus Without Deposit?

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Top Free Forex Bonuses:

XM Group - Best Order Execution (99.35% of orders are executed nearly instantly)
Bybit - A global cryptocurrency exchange offering Forex and CFD trading through the MetaTrader 5 platform, with leverage of up to 1:500.
InstaForex - Biggest Forex bonuses (up to 100% per deposit)

One of the fastest ways to earn free money in trading is through bonuses, and the best thing about bonuses is that you can get them almost everywhere. Welcome bonuses are amongst the most popular, being accessible to everyone who joins a trading platform.

However, not all welcome bonuses are made equal. Some will have a lower threshold for eligibility or have a higher value than others. In this post, we are going to discuss how to determine the best welcome bonuses. We will also look at the brokers with the best welcome bonuses for you to consider.

What is a Forex Welcome Bonus?

A forex welcome bonus is a financial incentive offered by hundreds of online brokers to new traders. The actual amount of this bonus is determined by the broker's business policies. It might be a fixed amount distributed equally to all new clients or a percentage of the initial deposit they make to trade Forex.

A forex bonus is a unique marketing campaign run by trading brokers to introduce customers to the services they provide, drawing in new ones, fostering more vibrant trading activity, and encourage new deposits.

In general, a welcome bonus is just a means of rewarding traders for selecting a specific broker. After opening an account with a forex broker, a person can start trading currency pairs and incur the same costs as other traders. Essentially, the welcome bonus is an act of gratitude to the client thanking them for their decision by returning all or part of these costs in the form of a bonus.

Welcome bonuses are given for different achievements and at different levels of registration. They are not only given upon signing up with a broker. Here are a few common activities that can earn you a welcome bonus:

Registration and account verification
Making the initial deposit
Making an initial deposit of a specific amount

Although these criteria seem easy enough, most brokers put several obstacles in the path toward these bonuses. These ‘conditions’ make it difficult to access the bonuses, even though they are advertised as easily accessible:

Awarding trading credits instead of real funds
Limited period of using or claiming the bonus
Only being able to withdraw profit earned from trading using the bonus funds, but not the bonus principal

As you can see, getting the welcome bonus is not easy. However, this situation is not the case for all brokers. Some have more transparent terms than others, and those are the ones we shall cover.

Best Forex Bonuses Compared

	Bonus/promotion name	Expiration date	Bonus Size ($, %)	TU Trust level	Accessible to	Referral code or referral link to the bonus page
XM Group	No Deposit Welcome Bonus $30	Unlimited	$30	4,4/5	Excluding clients under CySEC, ASIC, and DFSA jurisdictions	Claim your bonus
Bybit	20 USDT Welcome Gifts	Unlimited	20 USDT	4,9/5	New clients	Claim your bonus
InstaForex	$1000 Startup No Deposit Bonus	Unlimited	$3,500	4,5/5	New clients	Claim your bonus
Tickmill	$30 Welcome Account	Unlimited	$30	4,82/5	Except European Union	Claim your bonus
WForex	Bonus $10 Free	Unlimited	$10	3,56/5	New clients	Claim your bonus
xChief	$100 No-Deposit Bonus	Unlimited	$100	2,69/5	New clients	Claim your bonus
Headway	$111 No Deposit Bonus	December 31, 2025	$111	3,34/5	New clients	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

December 31, 2025

Expiration date

Headway offers a $111 no-deposit bonus for new clients. This bonus is available for seven days after opening a bonus account and can be used to trade various instruments, including currency pairs, metals, and digital assets. Profits earned during this period can be withdrawn after meeting specific trading volume requirements on a real account. No initial deposit or verification is required to receive the bonus.

How to claim?

Sign up on Headway.
Open a bonus account.
Receive the $111 bonus instantly.

Request Bonus

Forex bonus types

Generally speaking, there are various bonuses offered, but the following two are the most common:

Deposit Bonuses: This type of bonus allows users to receive a bonus simply for signing up for a new account and making a deposit. The amount of money you have to deposit varies from platform to platform, as well as the amount of the bonus.
No-Deposit Bonuses: On the other hand, platforms also offer no-deposit bonuses. These bonuses enable users to receive a Forex bonus that does not require a deposit to access. The amount of these deposits, as well as the terms and conditions for accessing them, change based on the platform and promotions.

How to Choose The Best Forex Welcome Bonus

Choosing the best Forex welcome bonus requires a deeper understanding of various factors that can impact your trading experience. Here's an expanded view:

Understanding different bonus types. No-deposit bonuses are generally smaller and suitable for beginners who wish to start trading without initial capital. Deposit match bonuses, on the other hand, are based on your initial deposit and can significantly boost your trading capital.
The terms and conditions of a Forex welcome bonus are often detailed and contain crucial information. Pay attention to minimum deposit requirements, the validity period of the bonus, and what trading activities are permitted with the bonus. Some bonuses may have stringent conditions that could affect your trading strategy.
One of the most important aspects to consider is how you can withdraw the bonus and the profits earned from trading with it. Some brokers may impose restrictions or conditions on withdrawals, such as achieving a certain trading volume or making a deposit.

Also consider the overall broker trustability and regulation. While a welcome bonus is attractive, it should not be the sole reason to choose a broker.

How to Choose The Best Forex Welcome Bonus

Why Use Forex Bonuses?

Are you wondering about the pros and cons of using Forex bonuses? Some of them are as follows:

Beginner Friendly: One of the top benefits of Forex bonuses is that they are highly beginner friendly. This means those who are new to this sector of investing may opt to try new strategies and practices while using real money. Many people don’t realize that demo accounts can be a hindrance to new users because it enables the users to trade recklessly and without worrying about losing their own money. With all the benefits a demo account has, it sometimes makes people trade recklessly. However, users can trade using Forex bonuses risk-free.
No-Deposit Bonuses: On the other hand, not all Forex bonuses require a deposit to access the bonus. Rather, users simply need to provide certain information to set up an account, and they can access the bonus from there.
Spot Scammers: Some Forex bonuses seem too good to be true, and it turns out some actually are. If you notice that a Forex bonus sounds unrealistic or otherwise unbelievable, this may be a fraudulent broker. Once you sign up, you will easily be able to tell if the bonuses are legit. All reputable brokers offer these bonuses under specific terms and conditions. So, if you complete all the requirements and do not receive the bonus, you will likely have stumbled across a fraudulent broker.
Minimal Risk: No one wants to lose, but using Forex bonuses enables users to try trading without risking too much of their own funds. Allowing users to try various instruments and strategies while minimizing risk, there is never a need to waste too much money trying a new platform as long as bonuses exist. These deposits enable users to learn in real-time without being overly invested in the platform.

Strict requirements: One of the downsides of using Forex bonuses is that they often come with strict conditions. Although these requirements are usually relatively straightforward, it is always possible for them to be overly complex. In those instances, users typically waste lots of time and energy trying to meet these impossible requirements before going on to try other platforms.
Payments: Although it would be great if all brokers were prepared to pay you as soon as you’re ready, unfortunately, this is often not the case. Rather, some of the less reputable brokers are simply unable to pay clients due to the lack of funds. If the funds are not readily available based on the terms of the broker, you may want to try a new broker.
Pre-Defined Trading Volumes: Lastly, you may be subjected to pre-defined trading volumes as trading using Forex bonuses. This means that in order to gain access to the money, investors must reach a pre-determined trading volume. In other words, rather than simply gaining access to the bonus for signing up, you may have to reach a certain trade volume in order to use it. While these pre-defined trading volumes are often accessible and relatively easy to reach, other times, users simply waste time, money, and effort in vain as they never actually reach the threshold, which means they never become eligible to use the bonus.

Can I Withdraw My Forex Welcome Bonus?

In most cases, the welcome bonus cannot be withdrawn. You can, however, withdraw the profit made from trading the welcome bonus. This withdrawal is also subject to specific conditions that are in place to protect the trading platform from scammers.

However, some brokers are exceptions and allow welcome bonuses to be withdrawn. One example is RoboForex. For the rest, the new trader has to meet certain criteria, such as attaining a certain trading volume, before being allowed to withdraw the welcome bonus. Even then, the conditions will still be hard to meet.

Forex Deposit Bonus vs. Free Bonus Without Deposit

Let’s now distinguish between a Forex deposit bonus and a free bonus without a deposit. The following are the main differences:

Who can Receive Funds: Forex deposit bonuses are given to both beginner and experienced traders, while free bonuses are offered to new traders as an incentive to join the trading platform.
Need for Replenishment: A forex deposit bonus requires you to fund the trading account to receive the bonus, while the free bonus does not require any initial deposit.
How to Use Funds: Deposit bonuses are credited to the account as a percentage of your deposit. You can start using the bonus immediately. On the other hand, free bonuses are credited after completing the registration and verification process.
Can the Funds Be Withdrawn: After meeting certain trading volume requirements, you can withdraw the deposit bonus. However, free bonuses allow you to withdraw the profits earned, not the bonus.

Expert Opinion

«The first one’s free – tell your friends!» It’s the siren’s song of schoolyard drug dealers, sports betting sites and Forex trading platforms.

In the last case, the marketing pitch often comes in the form of a welcome bonus. These can be terrific ways to jump-start your understanding of a trading platform’s tools and begin to develop your own strategies. But most of these programs have strings attached that require traders to pony up their own capital if they want to trade seriously – and get their profits out.

Both no-deposit and deposit-match welcome bonuses usually make it impossible to withdraw the bonus itself, only the profits – if any – made on it. And a lot of those profits get chewed up as commission payments.

When evaluating a trading platform, look at the trading bonus, but decide based on a detailed examination of the platform’s merits. Like Odysseus tied to the mast, listen to the song, just do not get carried away by it.

FAQs

How do I claim my XM $30 bonus?

To claim the XM $30 bonus, you need to open a new trading account with XM, verify your phone number and email, and the bonus will be credited automatically. Keep in mind that there are specific trading requirements you need to fulfill before you can withdraw the bonus and profits.

Which broker gives a free bonus?

Several brokers offer free bonuses to attract new traders. Examples include XM, RoboForex, FxPro, and InstaForex. It's important to carefully review the terms and conditions of these bonuses before applying.

Is the bonus good for Forex?

Yes, bonuses are great for Forex because they provide users with more money to work with. This means users can begin trading with little to no funds and possibly make large profits in the process. However, specific requirements must often be met to access the bonus. Be sure you qualify before attempting to receive the bonus.

Does InstaForex offer no deposit bonus?

Yes, InstaForex is known for offering a no deposit bonus to new clients. The bonus amount and terms may vary, so it's important to visit their official website or contact their support for the latest information on their no deposit bonus offers.

Team that worked on the article

Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Also, Oleg became a member of the National Union of Journalists of Ukraine (membership card No. 4575, international certificate UKR4494).

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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).

Forex bonus

A forex bonus is a promotional incentive offered by brokers to attract traders, typically providing additional funds or trading benefits upon fulfilling certain conditions.

Forex Trading

Forex trading, short for foreign exchange trading, is the practice of buying and selling currencies in the global foreign exchange market with the aim of profiting from fluctuations in exchange rates. Traders speculate on whether one currency will rise or fall in value relative to another currency and make trading decisions accordingly. However, beware that trading carries risks, and you can lose your whole capital.

Investor

An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.

Scalping

Scalping in trading is a strategy where traders aim to make quick, small profits by executing numerous short-term trades within seconds or minutes, capitalizing on minor price fluctuations.

Risk Management

Risk management is a risk management model that involves controlling potential losses while maximizing profits. The main risk management tools are stop loss, take profit, calculation of position volume taking into account leverage and pip value.

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