Best CFD Brokers welcome bonuses and no-deposit bonuses
Best CFD broker with bonuses - RoboForex
Brokers which offer the best CFD bonuses are:
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RoboForex - Best overall
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Tickmill - Broker with low costs
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InstaForex - Wide rage of trading instruments
As the number of CFD traders increases, brokers are increasingly using bonuses and promotions to attract new clients to their platforms. Welcome bonuses that reward new deposits and no-deposit bonuses that don't require an initial investment are common marketing tactics.
This article explores some of the most competitive bonus offers available from leading CFD brokers. We will outline the top brokers providing no-deposit bonuses that allow traders to start with "play money" without risking their own funds. Deposit bonuses that provide matching funds on new client deposits will also be evaluated. The key terms and conditions of each bonus will be detailed.
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How can I get a no-deposit bonus?
Most no-deposit bonuses are automatically credited to an account after completing registration on a broker's website. Be sure to fully verify your identity to qualify.
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Can I withdraw my bonus funds?
No, bonuses usually come with terms restricting full withdrawals and requiring a certain trading volume be achieved before any bonus money can be withdrawn.
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What are the minimum trade requirements?
Brokers require a certain number of trades or volume be conducted generally between 20-100 times the bonus+deposit before withdrawals are permitted.
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Is there an expiry date for bonuses?
Yes, bonuses usually expire within 30-90 days. Be sure to fully utilize the bonus within the time limit before it expires unused.
Top 5 CFD trading Welcome bonuses 2024
In this segment, the experts at TU will provide a concise review of the best five CFD trading welcome bonuses for the year 2024.
RoboForex
RoboForex provides new customers with a $30 no-deposit bonus. This offer credits the trader's account as soon as they register, and can be utilized to trade on the platform. Furthermore, RoboForex has an ongoing promotion from July 2022 until April 2023, where they will be giving away $1,200,000 to random customers, with 64 prizes awarded every month up to $20,000.
XM Group
XM is another broker that offers a no-deposit Forex bonus of $30 to new traders. Additionally, investors can receive deposit bonuses of up to $5,000. The minimum deposit is $5, and investors get a bonus of half their original deposit up to $5K. XM also offers traders a 10-year anniversary promotion, where until June 30, 2023, they will be giving away various prizes worth $1,000,000.
AMarkets
AMarkets is a broker that provides new customers with a $50 no-deposit bonus. The bonus credits to the trader's account immediately upon registration. Also, AMarkets provides a "switch your broker" bonus of 20%, where traders who switch their accounts to AMarkets, including open positions, receive a bonus of 20% on their deposit.
Tickmill
Tickmill offers a no-deposit bonus of $30 to new traders. Just like other bonuses in this list, this bonus credits to the trader's account immediately upon registration and can be utilized to trade on the platform.
Forex4you
Lastly, Forex4you provides traders with a deposit bonus, enabling them to earn back from 5% up to 100% of their deposit. No minimum deposit is required, and there is no limit on how much traders can deposit. This means that traders can earn the bonus without the need for a minimum deposit.
Best Forex Brokers With welcome BonusesTop 3 Forex CFD brokers' no-deposit bonuses
When it comes to Forex trading, many traders are drawn to platforms that offer no-deposit bonuses. Here are our analysts’ top three CFD brokers that provide this kind of bonus:
RoboForex
RoboForex is a highly-regarded online broker that provides traders access to a broad range of trading assets on its Pro-Cent, Pro-Standard, and RAMM accounts. In addition, the broker offers various trading platforms, including the popular MT4 and MT5 platforms.
For traders who want to start trading without investing their money, RoboForex offers a $30 USD no-deposit bonus. The bonus is made available on Pro and ProCent accounts, and traders can use it to start trading without making any deposit.
Apart from the no-deposit bonus, RoboForex offers a Classic Bonus of up to 120% on all deposits made. The bonus is available on MT4/MT5-based cent and standard accounts, and it can help traders increase their trading capital significantly.
To avail of these bonuses, traders need to register with RoboForex and comply with the broker's terms and conditions. With its excellent reputation and attractive bonuses, RoboForex is undoubtedly one of the best brokers for traders who want to start trading without risking their money.
RoboForex Bonus ProgramsTickmill
Tickmill, a global Forex broker, offers a $10 to $30 no-deposit bonus to new customers. Before the bonus is credited, traders need to verify their accounts to prevent any manipulation. One of the advantages of this platform is that it allows traders to withdraw profits made from the $30 welcome offer.
Tickmill's Welcome Account is a risk-free, no-deposit trading account that comes with $30 available for trading. However, the Welcome Account will only stay open for 60 days, and the $30 bonus cannot be withdrawn. However, any profits up to $100 can be withdrawn. Once a withdrawal is made, the Welcome Account will be closed. Also, profits can be used to open the Tickmill Pro Account, the lowest-cost trading account in the world.
It's worth noting that the Welcome Account is only available in USD and Expert Advisors cannot be used, even when using the MT4 trading platform. Furthermore, traders are required to register with Tickmill and verify their identity to withdraw or transfer funds from the Welcome Account.
Tickmill Bonus ProgramsInstaForex
InstaForex is a licensed online broker that allows clients to trade over 300 instruments with leverage up to 1:1000. To ensure credibility, it is authorized by the Financial Services Commission (FSC) under the Securities and Investment Business Act (SIBA) in the British Virgin Islands.
InstaForex offers a $1000 USD Start-Up bonus to newly registered accounts without any minimum deposit requirements.
InstaForex Bonus ProgramsWhat is a CFD broker bonus?
CFD broker bonuses are a marketing tool used by Forex brokers to encourage investors and traders to make deposits. They offer free money that cannot be withdrawn immediately, but can be traded for other opportunities.
These bonuses are of two types: no-deposit and deposit bonuses. No-deposit bonuses are free bonuses without requiring a deposit, while deposit bonuses are given when a trader makes an initial deposit.
Such bonuses give investors an opportunity to boost their trading account and use the bonus funds to set limits for their trades. However, brokers often set a list of terms and conditions for the accessibility of the bonuses and profits made. For example, some brokers set minimum/maximum consignment for the trading bonus, while others set specific rules for trading through the live account.
Best Forex Welcome BonusHow to choose a CFD trading bonus?
When choosing a CFD trading bonus, you should take into account several factors. Here are some crucial points to consider, as highlighted by our experts:
Verify the broker's regulation and legitimacy: Check that the broker is authorized and regulated in your country of residence. In addition, ensure the broker holds a valid regulatory license.
Carefully read the terms and conditions of the bonus: Carefully read and understand the terms and conditions of the bonus, especially the conditions related to the withdrawal of profits. Bonus funds may be partially or wholly frozen until conditions are met.
Be aware of time limits on using the bonus: Bonuses often come with time limits. Make sure to trade the bonus funds before it becomes invalid.
Check which currency pairs the bonus can be used for: Some brokers may limit the use of the bonus to certain currency pairs. Make sure to check which pairs are eligible.
Shop around for the best bonus amount: Different brokers offer different no-deposit bonus amounts, ranging from 10 – 100 USD. Shop around to find the best offer.
Can I withdraw my CFD bonuses?
When it comes to withdrawing CFD bonuses, the process can be complicated. Generally, brokers don't allow traders to withdraw the entire sum of the bonus received, as this would not be in their best interest. Instead, they set limits and encourage traders to use the bonus funds to trade. These funds are often frozen until certain conditions are met. For instance, a partial amount of the bonus may become accessible for payout when the trader meets the trading requirements set by the broker. As an example, the broker might allow the trader to withdraw £1 from the bonus for every £10,000 traded.
This type of setup works best for traders who are active and place numerous trades per day, consistently trade through the set amount, or have large trade sizes. Therefore, it's essential to carefully read the terms and conditions of the bonus before accepting it.
Best Forex Bonus Programs
Team that worked on the article
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
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).