Best Forex Bonuses in Brazil
Best broker with no-deposit bonus in Brazil - RoboForex
According to TU experts, the best brokers with no-deposit bonuses are:
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RoboForex - no-deposit bonus $30 with the best conditions
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HFM - no-deposit bonus $35
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Admiral Markets - automatic no-deposit Forex bonus $100
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FBS - no-deposit bonus $70-$140
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SuperForex - $88 no-deposit bonus
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InstaForex - biggest no-deposit bonus Forex up to $1000
Forex bonuses are special deals that brokerage firms offer their clients as an incentive to sign up for their platforms. When a trader opens a new account, he or she may be eligible for a bonus in the form of a percentage or gift money. A broker will give new customers who open accounts a no-deposit forex bonus. As the name implies, there is no deposit required for the bonus, and traders can use the funds to trade. TU experts explain the 6 best no-deposit bonuses available to Brazilian traders to date in this article.
Best Forex Bonuses in Brazil
Brokers' bonus table
| Broker’s name | Size | Conditions for obtaining | |
|---|---|---|---|
|
$30 |
Assets for copy trading
To get a bonus from RoboForex: ● Open an account ● Verify the account ● Deposit at least 10 USD |
Regulator
|
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|
$35 |
Assets for copy trading
You need to open a live account. You can only claim the bonus within 30 days from the day you registered for the account |
Regulator
|
|
|
$100 |
Assets for copy trading
They'll then need to verify their identity and country of residence. After that's done, the bonus of $100 will automatically be credited to their live trading account |
Regulator
|
|
|
$140 |
Assets for copy trading
Traders must first create a Level Up bonus account. Doing so gives you access to $70 in trading capital. To get $140, however, you must also download the FBS Personal Area app |
Regulator
|
|
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$88 |
Assets for copy trading
Traders can receive the SuperForex bonus by registering for a new account and verifying it. Once that's complete, newly registered clients must also verify their account in full and submit a request for the bonus |
Regulator
|
|
|
$1,000 |
Assets for copy trading
● How to get IstaForex no deposit bonus: ● Open a new account using the promotional form online and fully verify it |
Regulator
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No deposit Forex bonuses in Brazil reviews
RoboForex
Established in 2009, RoboForex is a popular choice for both new and veteran traders. The broker offers traders a $30 no-deposit bonus, giving traders the opportunity to test out the platform’s services and get familiar with the Forex market before investing any of their own capital.
How to get the bonus
The first condition to receive the no-deposit bonus from RoboForex is to open a live account and verify it. Once the account has been verified, the trader must then deposit at least $10 into their trading account. Note that the bonus is available to every newly registered trader with a cent or standard account.
Can I withdraw profits?
Yes. RoboForex allows its traders to withdraw profits earned with the no-deposit bonus. The account even lets you withdraw the $10 initial deposit, as its purpose is only to verify the trader’s payment method.
HFM
HFM's $35 no-deposit bonus is a great way for new clients to jumpstart their trading journey. This is an exciting opportunity for new clients of HFM.
How to get the bonus
To start, simply register a new account with HFM and verify your KYC documents, then open any one of the eligible trading accounts, including MT4 cents, MT4 micro, or MT4 Premium. Once you've registered, you must click on "Yes, I want a bonus" and will have 30 days to claim it.
Can I withdraw profits?
Yes. When you are ready to withdraw profits, you must have completed at least 5 trades and reached a volume of 0.5 lots. Only currency pairs, gold or silver, qualify for this bonus. Your bonus might also be deducted based on the percentage amount you withdraw.
Admiral Markets
With over 20 years of experience, Admiral Markets is among the most reliable Forex brokers in the market. New clients can take advantage of their $100 no-deposit bonus, which gives them access to a live trading account with real funds without having to make any initial deposit.
How to get the bonus
To start trading with the Admiral Markets no-deposit bonus, new clients must first create an account. They'll then need to verify their identity and country of residence. After that's done, the bonus of $100 will automatically be credited to their live trading account.
Can I withdraw profits?
While you can only use the $100 to trade - the bonus itself can’t be withdrawn - any profits earned with the bonus can be withdrawn. However, traders must trade a notional value amount using their own funds to be able to withdraw the profits. Note that trades with a duration of fewer than three minutes are excluded from the notional value calculation.
FBS
The brand new FBS $140 Level Up no-deposit bonus is a unique offer that rewards new clients with up to $140 in trading capital. Traders also need to make no initial deposit to receive the bonus, making trading with this platform highly accessible to everyone.
How to get the bonus
To receive the FBS no-deposit bonus, traders must first create a Level Up bonus account. Doing so gives you access to $70 in trading capital. To get $140, however, you must also download the FBS Personal Area app.
Can I withdraw profits?
Yes, traders are allowed to withdraw any profits gained with this bonus as long as certain conditions are met. For instance, traders have to trade the equivalent of five standard lots within 30 days.
SuperForex
The SuperForex no-deposit bonus is also available to all new clients. The bonus provides traders with $88, which can be used to trade a wide range of instruments.
How to Get the SuperForex Bonus
Traders can receive the SuperForex bonus by registering for a new account and verifying it. Once that's complete, newly registered clients must submit a request for the bonus.
Can I Withdraw Profits?
Yes. To withdraw $30 from your account, you must have traded a minimum of 30 standard lots.
InstaForex
InstaForex offers a generous $1000 start-up bonus to new customers. With such a large amount of capital, traders can get a head start on their trading careers.
How to get the bonus
InstaForex has an online promotional form where traders can sign up for a new account. They then need to verify the account fully, including email and phone number. Once the account has been verified, a bonus of $1000 will be credited to it.
Can I withdraw profits?
Yes. InstaForex allows traders to withdraw profits earned using the bonus funds, but they can't withdraw the bonus itself. You must trade the equivalent of three standard forex lots to be eligible to withdraw any profits earned using the bonus. Note that InstaForex may also ask you to replenish your account with actual funds in certain cases.
Rules and Regulation
Regulation and licensing in Brazil
In Brazil, the Forex market operates under the oversight of the Central Bank of Brazil. This institution plays the main role in regulating and supervising financial activities, including foreign exchange transactions. Its responsibilities encompass formulating monetary policies, issuing currency, and managing the nation's foreign exchange reserves. By implementing measures to control exchange rate fluctuations and enforce compliance with regulations, the Central Bank ensures stability in the Forex market.
Requirements for licensing in Brazil
To be licensed to operate in Brazil, Forex firms must adhere to specific requirements:
- firms are mandated to maintain a minimum capital threshold set by regulatory authorities.
- appointing compliance officers to ensure adherence to regulatory standards and protocols.
- implementing stringent AML measures to prevent illicit financial activities.
- business plans and financial statements: Providing detailed business plans and financial statements for regulatory scrutiny and transparency.
- mandatory registration with relevant authorities to ensure accountability and transparency in operations.
Investor protection in Brazil
Brazil has several entities engaged in protecting investors and maintaining market integrity:
- Central Bank of Brazil: Responsible for overseeing Forex activities and ensuring regulatory compliance.
- Securities and Exchange Commission of Brazil (CVM): Ensures fair trading practices, market transparency, and investor protection.
- Brazilian Financial and Capital Markets Association (ANBIMA): Sets industry standards, promotes investor education, and supports market development.
- Brazilian Association of Financial and Capital Market Entities (ABRASCA): Represents the interests of investors and financial market participants, advocating for investor rights and market integrity.
- Investor Education and Protection Program (PROTEC): Offers educational resources and support to investors, fostering financial literacy and awareness.
These organizations collaborate to safeguard investor interests by enforcing regulations, conducting market surveillance, promoting transparency, and providing educational initiatives.
Forex taxation in Brazil
Forex trading in Brazil is subject to taxation by the National Treasury Secretariat (STN). Income generated from Forex transactions falls under the Brazilian tax code, with tax rates varying based on individual tax brackets. Traders are required to accurately report their Forex income, and certain transactions may be subject to withholding tax. CVM authorization, meeting the regulatory requirements set by the commission, financial stability, compliance with anti-money laundering regulations.
Best Forex welcome bonuses in Brazil
TradersUnion experts have listed the brokers with some of the best welcome bonuses in Brazil below, let’s check them out:
RoboForex
RoboForex is a highly regulated and reputable broker that offers attractive promotions and bonuses continuously. In fact, it could well be one of the best trading platforms if you want forex bonuses. Some of its current promotions and bonus programs include:
Deposit Bonus
Not only can you get this incentive on your first deposit, but you can also get it many times. 120% of the initial deposit is added to the current account if the bonus is activated. Note that withdrawals of bonus money are allowed but only under specified circumstances (such as meeting trading volume requirements). The bonus earnings are freely withdrawable, as are the associated funds.
Welcome Bonus
Traders must activate the unique code in the members' area in order to receive the $30 welcome reward. The client's email address provided throughout the registration procedure is where the code is sent. After five business days of the bonus being activated, money will be deposited into the client's account.
HFM
Like the RoboForex, the HFM is another broker that provides the best Forex welcome bonuses for Brazillian traders. HFM, previously HotForex and a brand of HF Markets Group, is a multi-asset broker of choice for more than 3.5 million live accounts globally and has won more than 60 prestigious industry awards in its twelve-year lifespan. Along with exceptional customer service and unrivaled trading conditions, the firm provides an extensive selection of account types, creative products, cutting-edge platforms, tools, and great welcome bonuses. Some of its current promotions and bonus programs include:
No Deposit Bonus
There is a $35 No Deposit Bonus Program made available to eligible customers of the company. Only the company's new clients and current clients who haven't made a deposit are eligible for the bonus program.
Welcome Bonus
A client must have created a trading account with the company in accordance with the account opening agreements, be at least 18 years old, or the legal age in his country of residence, or otherwise not be regarded as a "minor" in that country, to be able to take part in the bonus scheme.
What is a Forex bonus?
Brokerage companies use Forex bonuses as promotional offers to attract new traders. The Forex bonus is either a fixed amount or a percentage of the initial deposit, and traders are usually allowed to access it as soon as they open an account, make a deposit, or start trading.
Forex bonuses pros and cons
👍 Pros
• Additional capital increases profit potential
• In case of no deposit bonus, a trader can test the broker’s conditions without spending their own money and risk free
👎 Cons
• Tough conditions for getting the bonus
• The amount of no deposit bonus is often quite modest – $5-$100
• Overtrading due to the necessity to meet the conditions of the bonus program
Can I withdraw profit from the no-deposit bonus?
Yes. Trading profits from no deposit trading bonus accounts can be cashed out at any time, given that the volume of trading in the relevant real trading account hits a minimum of 10 micro lots (0,1 standard lots) and that a minimum of at least five round turn trades have been made.
How to choose a Forex bonus in Brazil?
Follow the steps highlighted by TU experts below to choose the best forex bonus in Brazil:
Research reputable forex brokers that offer bonuses - Start by researching forex brokers that are regulated by the relevant authorities in Brazil, such as the CVM. Look for brokers that offer bonuses, such as deposit bonuses or welcome bonuses
Compare bonus offers - Once you have a list of brokers that offer bonuses, compare their bonus offers. Look at the percentage of the bonus, the minimum deposit required to receive the bonus, and any other terms and conditions
Check the broker's reviews - Before choosing a broker, check their reviews online. Look for reviews from other traders and make sure the broker has a good reputation for customer service and fair trading practices
Read the terms and conditions - Before accepting a bonus offer, make sure you read the terms and conditions carefully. Look for any restrictions on withdrawing profits, and make sure you understand the trading requirements
Choose a bonus that suits your trading style - Consider your trading style and choose a bonus that suits your needs. For example, if you are a scalper, look for a bonus that allows you to trade with high leverage
Fulfil the trading requirements - Once you have chosen a bonus and opened a trading account, fulfil the trading requirements to receive the bonus. Make sure you understand the trading requirements and stick to them to avoid any issues with withdrawing your profits
Withdraw your profits - After fulfilling the trading requirements, you should be able to withdraw your profits. Make sure you understand any restrictions on withdrawing profits and follow the broker's instructions to withdraw your funds
Remember, choosing a forex bonus requires careful consideration and research. Make sure you choose a reputable broker and read the terms and conditions carefully to avoid any issues with withdrawing your profits.
FAQs
Which brokers offer a no-deposit bonus in Brazil?
There are several brokers in Brazil that offer no-deposit bonuses. However, it is important to note that these bonuses often come with certain terms and conditions that must be met before any profits can be withdrawn. Some of the top Brazilian brokers that offer no-deposit bonuses include HF Markets, which offers a 100% bonus and Interactive Brokers, which has great deposit and withdrawal options.
Can I withdraw the profit from the no-deposit bonus?
Yes, you can withdraw profits acquired from trading with a no-deposit bonus offered by some forex brokers in Brazil. However, the withdrawal amount is determined based on your trading volume, and you will need to fulfill the broker's trading requirements before being able to withdraw your profits.
Which broker has the highest bonus in Brazil?
While there is no specific broker with the "best" bonus in Brazil, it is important to research and compare different brokers' bonus offers to choose one that suits your trading style and needs. Some important factors to consider when choosing a forex bonus in Brazil include the trading requirements to withdraw profits and the broker's reputation and regulation.
Does RoboForex offer a bonus in Brazil?
RoboForex is a global online broker that offers various types of bonuses, promotions, and trading contests to its clients from different countries, including Brazil. However, the availability, terms and conditions, and amounts of the bonuses may vary depending on the client's account type, deposit amount, and other factors. Therefore, it is best to check RoboForex's official website or contact their customer support to inquire about the current bonus offers for Brazilian clients and the requirements to qualify for them. Additionally, it is important to keep in mind that bonuses are not free money and usually come with certain trading requirements and restrictions, so it is recommended to read the terms and conditions carefully before accepting any bonus offer.
Team that worked on the article
Winnifred Emmanuel is a freelance financial analyst and writer with years of experience in working with financial websites and businesses. Her expertise spans various areas, including commodities, Forex, stocks, and cryptocurrency. Winnifred tailors her writing to various audiences, including beginners, while also providing useful insights for those who are already familiar with financial markets.
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).