Best Brokers with No-Deposit Bonus in Vietnam - TU Expert review
A No-Deposit Bonus is a popular special offer for traders. Clients can use it to discover the products of a broker, the account, instruments, etc. This kind of offer enjoys great popularity among traders from Vietnam. Traders Union analysts have prepared a list of the Best Brokers with No-Deposit Bonus in Vietnam. Traders will learn about the brokers that offer this kind of bonus and will be able to compare conditions offered by different companies.
Brief introduction of XM Group
XM Group is a globally recognized broker, operational in nearly 190 countries and serving over 5 million traders. The broker offers over 1,000 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. With licenses from regulators like ASIC and CySEC, XM ensures a secure trading environment.
The company is committed to high-speed order execution without requotes, ensuring 99.35% of trades are completed nearly instantly. The broker's leverage varies by region, offering up to 1:1000 for some non-EU countries while maintaining strict compliance with European standards for others. The spreads start from 0.6 pips.
XM doesn't offer passive investment options like PAMM accounts but provides access to MQL5 copy trading and a VPS for algorithmic trading.
| 💰 Account currency: | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | 1:30 (only for EU regulated Entity and AU). For all the other countries - 1:1000. |
| 💱 Spread: | From 0.6 pips |
| 🔧 Instruments: | Currencies, stocks, commodities, stock indices, precious metals, and energies |
| 💹 Margin Call / Stop Out: | 100%/50% |
XM Group Pros and Cons
👍 XM Group Pros:
•XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
•no “markup” on narrow market spreads (broker's margins over the spread);
•over 1,000 trading instruments. Available for trading are: more than 55 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
•no commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
•around the clock support for 5 days a week in more than 30 languages.
👎 XM Group Cons:
•passive investment services (social trading platform, PAMM accounts);
•expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.
What do you need to know about a No-Deposit Bonus?
A No-Deposit Bonus is a special offer made to attract new clients. These bonuses have several features, including the following:
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A new client can receive a no-deposit bonus. In order to do that, the client needs to fulfill certain conditions: as a rule, register and verify his account and identity.
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A no-deposit bonus can be used for trading. It allows you to test the platform using a live account.
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A no-deposit bonus cannot be withdrawn. However, brokers can have certain conditions for such a bonus becoming available for withdrawal, for example after funding the account or upon reaching a specific trading volume.
The amount and conditions of a no-deposit bonus differ depending on the broker. Also, traders can refuse to accept a no-deposit bonus.
XM Group Bonuses
Brokers similar to XM Group
In addition to bonuses, traders also need to familiarize themselves with trading conditions. It is important to compare trading conditions of several brokers offering no-deposit bonuses. The important factors of choice include the minimum deposit, trading fees, leverage, available trading platforms, etc.
Comparison of XM Group with other Brokers
| XM Group | FreshForex | FXOpen | Tickmill | InstaForex | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, Mobile Trading, XM App |
MT4, Mobile Trading |
TickTrader, TradingView, MT4, MT5 |
MT4, MT5, Tickmill Mobile App |
MT4, MultiTerminal, Mobile Trading, MT5, WebTrader |
|
Min deposit |
$5 |
No |
$300 |
$100 |
$1 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
Yes |
Yes |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0.6 points |
From 0 points |
From 0.9 points |
From 0 points |
From 0 points |
|
Level of margin call / stop out |
100% / 50% |
40% / 20% |
20% / 100% |
100% / 30% |
30% / 10% |
|
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
Instant Execution |
|
No deposit bonus |
No |
$30 |
No |
$30 |
No |
|
Cent accounts |
Yes |
Yes |
Yes |
No |
Yes |
XM Broker is a broker for professional trading. Trading conditions correspond to the average market; there are technical advantages that distinguish XM Broker from its competitors.
FreshForex is a reliable Forex broker providing a standard set of trading tools. The company is a good option for traders of all levels, from beginner to professional traders. It is mid-range in terms of size and number of registered traders and they are reliable based on our research and analysis.
FXOpen is a reliable broker with years of experience in financial markets, and adjusting trading conditions for its clients based on the regulatory requirements of their jurisdiction.
Tickmill is a suitable broker for both professional traders and novices. The company is good for robotic trading as well as for short-term strategies.
InstaForex is the best option for traders with any level of experience. For active professional traders, there is a large pool of non-standard technological solutions for more accurate analysis. For novice traders, there are comfortable starting conditions, such as a $1 minimum deposit under the regulation of FSC and a $200 minimum deposit with the broker regulated by CySEC. There are PAMM accounts and social trading for investors.
Comparison of no-deposit bonus programs of brokers similar to XM Group
Many brokers offer a no-deposit bonus. Therefore, before choosing a company to work with, it is important to compare it with its competitors. In the table below, you can review and compare conditions for a no-deposit bonus.
| Bonus type | XM Group | FreshForex | FXOpen | Tickmill | InstaForex |
|---|---|---|---|---|---|
Bonuses |
up to $5000 forex bonus, up to 100% forex deposit bonus |
Bonus offers: +10% for each cryptocurrency deposit, stop-out insurance, 101% for drawdown, etc. Bonus programs are updated |
A $10 bonus is credited after opening a personal account (eWallet) and passing the 2nd level of verification. (for STP-type accounts); A welcome bonus of $1 is credited when opening a Micro account. |
$30 welcome bonus |
$1000 no deposit bonus |
Affiliate Program |
Multi tier affiliate program |
Types of affiliate programs: organization of a training center, official representation, promotion of SMM. Reward - up to 20 USD for each referral's trading lot |
There is a flexible system of remunerations and coefficients depending on these indicators. 1st level — 100% of the standard commission, 2nd level — 35% of the standard commission, 3rd level — 10% of the standard commission. |
Yes |
Yes |
Other |
No |
No |
Forex Cup - A bonus in the amount of 1% of the profit is credited for participating in contests for traders on a virtual account, FXOpen Cashback - The broker refunds a part of the funds for the trading operations conducted, including unprofitable ones. The amount depends on the margin involved in all accounts and ranges from $5 to $1,000. |
Trading contests |
No |
Conclusions
A no deposit bonus is one of the promos offered by the broker. The company’s conditions can be generally considered rather attractive. It is a good option for traders from Vietnam who are starting to work with the platform. The conditions are competitive, although other brokers operating in Vietnam offer more attractive options.
FAQs
Who can use the no deposit bonus?
Traders who open a new account with a broker can receive the no deposit bonus.
What are the conditions for receiving the no deposit bonus?
As a rule, they include registration and verification. However, additional conditions are also possible.
Is providing the no deposit bonus legal in Vietnam?
Yes, the financial law of Vietnam does not prohibit awarding bonuses, including the no deposit bonus.
Is it possible to withdraw the no deposit bonus?
It depends on the conditions of the broker. Some brokers allow withdrawal of the no deposit bonus subject to certain conditions, while others don’t allow at all.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.