Best No-Deposit Bonus 2024

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Best broker with no-deposit bonus - RoboForex

Your capital is at risk.

Top brokers with no-deposit bonuses:

Tired of watching the forex market from the sidelines? A no-deposit bonus could be your ticket to becoming an active trader - without having to commit a cent of your own money. Brokers tempt new traders with these free money offers. But not all bonuses are as generous as they first appear. Some come bundled with tight restrictions that make scoring real profits an uphill task.

This guide sorts the best from the rest. We've analyzed today's top no-deposit bonuses from leading forex brokers. We lay out key details like amounts, terms and conditions so you can identify the opportunity that best fits your trading goals. For beginners, it's a no-brainer way to learn trading hands-on without exposure.

  • How long do I have to use the bonus funds?

    time limits range from 1-3 months usually. Funds expire if not used or conditions met within the time frame.

  • Do I need to deposit my own money to claim a bonus?

    No, bonuses are no-deposit by definition. However, some brokers require a minimum deposit to withdraw profits.

  • Can I claim multiple bonuses from one broker?

    No, brokers often restrict traders to one bonus per account or IP address.

  • What are the requirements to get my profits?

    Trading volume requirements typically range from 10 to 50 lots before earned profits can be withdrawn. Some brokers have additional deposit requirements too.

What is a Forex No-Deposit Bonus?

A Forex no-deposit bonus is a type of promotional offer that allows traders to start trading with a live account without needing to make a deposit. Brokers usually offer these bonuses to attract new clients. No deposit bonuses usually differ in size, type, and conditions, which depend on the broker.

Although they can be a great way to get started in the Forex market, there are also some potential risks involved. For instance, some brokers may place restrictions on how the bonus can be used, which could limit your ability to generate profits.

In addition, the bonus may be subject to withdrawal conditions, so it is important to read the fine print before getting started. Overall, a Forex no-deposit bonus can be a great way to start trading in the market, but it is important to be aware of the potential risks involved.

Best Forex No-Deposit Bonuses 2024

No-deposit bonuses are an accepted marketing and goodwill tool of Forex brokerage companies seeking to attract and secure the loyalty of new and veteran traders. Everybody is looking for a good deal, free money, or a “no obligation” opportunity. It’s human nature. The idea is to entice you into starting to trade even if you don’t yet know if you like the activity. Traders with different experiences on Forex use these bonuses to practice strategy or to acquire skills, or simply to make up for a recent loss.

Broker’s name Size Conditions for obtaining Regulation

RoboForex

$30

To get a bonus from RoboForex:

  • Open an account.

  • Verify the account.

  • Deposit at least 10 USD.

Withdrawal:

Yes, you can withdraw trading profit.

IFSC

Open an account

Your capital is at risk.

Instaforex

$1,000

How to get IstaForex no deposit bonus:

Open a new account using the promotional form online and fully verify it.

Withdrawal:

Bonus, cannot be withdrawn, only profits can be withdrawn after trading X * 3 InstaForex-lots, where X — is profit volume(1 InstaForex-lot = 0,1 forex lot)

Also, as per paragraph 6: "The Client agrees that in some cases the Company can ask him/her to replenish his/her account with real funds".

BVI FSC (British Virgin Islands)

Open an account

Your capital is at risk.

FBS

$140

How to get FBS no deposit bonus:

Open a new MT5 account and request it

Withdrawal:

Yes, after trading 5 lots during 30 days.

CySEC (Cyprus)

Open an account

Your capital is at risk.
76.5% of retail accounts lose money when trading ᏟᖴᎠs with this provider.

Tickmill

$30

How to get Tickmill no deposit bonus

  • Register an account with Tickmill;

  • The welcome bonus account will be added automatically after the application is approved;

  • The welcome bonus account will have $30 in it.

Trading Limitations:

  • EA trading is not allowed;

  • The bonus is valid for 90 days.

How to withdraw the profit:

  • A minimum of $30 and a maximum of $100 profit can be transferred to a live mt4 trading account;

  • One client is limited to one request for profit transfer only;

  • Open a live mt4 account with at least $100 deposited into it.

FCA (UK), CySEC (Cyprus), FSCA (South Africa), LFSA (Labuan), SFSA (Seychelles)

Open an account

Your capital is at risk.

FXOpen

$10

How to get FXOpen no deposit bonus:

Register an FXOpen eWallet, verify your phone number, register an STP account

Withdrawal:

Trade over 2 lots to withdraw profits. The bonus is not withdrawable.

ASIC (Australia), FCA (UK)

Open an account

Your capital is at risk.
77% of retail investor accounts lose money when trading CFDs with this provider.

FreshForex

$2023

How to get FreshForex no deposit bonus:

  • Traders need to register with FreshForex.

  • Open Classic, Market Pro, or ECN account in MetaTrader 4/MetaTrader 5 platforms in USD, EUR, or RUB.

  • There is no need for personal data verification to receive the no deposit bonus.

  • The bonus should be credited automatically

    Trading Limitations:

  • To save the profit received, traders have to fund the account with the amount of received profit.

  • Trading period: 7 calendar days upon receiving a bonus.

    How to withdraw the profit:

  • Save the earned profit by funding your trading account with an amount equal to or more than the profit earned within 7 days after receiving a bonus.

  • Complete 1 lot per $5 of saved profit within 30 days.

  • Contact Fresh Forex manager via feedback form to transfer your profit into account balance.

Withdraw the profit earned or use it back in trading.

FCA (Saint Vincent and the Grenadines)

Open an account

Your capital is at risk.

MultiBank

$5,000

How to get MultiBank no deposit bonus:

New clients can earn up to $5,000 on their first-time deposits.

Withdrawal:

  • The Imperial Bonus is losable and available to be used within 3 months of account opening.

  • This bonus is applicable to initial first-time deposits and not to further additional deposits (top ups).

  • This bonus is available across all trading platforms and trading companies of MEX Atlantic.

  • This bonus shall be automatically deducted in case withdrawals are made before the lots round-trip target is reached.

  • Manipulation of the system by arbitrage trading is strictly prohibited.

  • MEX Atlantic reserves the right to correct the trading calculation in the event of any suspected abuse or manipulation of this bonus policy and promotion.

ASIC, BAFIN, CNMV, FMA, TFG, HKCE, AUSTRAC, VFSA, CIMA.

Open an account

Your capital is at risk.

Traders have a different concern for this type of instrument:

  • some consider bonuses to be a really effective way to make a profit;

  • others consider bonuses, especially welcome ones, as a means to bankroll and launch a new pastime into investing real money long term;

  • still, others appraise bonuses as a motivation to become active in the Forex market as some brokers transfer profits only after meeting several conditions (for example, making a set number of transactions or experimenting with a set of new trading instruments).

All of these beliefs are sincere. No-deposit bonuses are a good motivator to become active in the Forex market. Veteran traders have their own reasons for taking advantage of no-deposit bonuses on Forex in 2023. Add to this that it is very common for traders to change brokers, test the waters at the brokerage de jour, or because of a recommendation.

A professional who is working with a specific broker for the first time will want to try out the software, terminal, trading instruments, and conditions of the company. In this case, the trader naturally wants to preserve his own funds, because he is unsure whether he’ll stay with this broker.

The no-deposit Forex bonus happens to be very handy as the trader immediately uses it to test the broker’s platform, etc. It is a win-win situation. That is one reason why in 2023 more and more brokers are offering increasingly attractive no-deposit bonuses.

Top-3 brokers with no-deposit bonuses

In the following overview, we examine three brokers that excel at introducing traders to the markets through attractive bonus promotions. By evaluating these top options, prospective traders can identify which platform best suits their needs to begin developing their strategies and building their portfolio.

RoboForex

Open an account
Your capital is at risk.

RoboForex offers new traders an accessible way to experience their platform through an attractive $30 no-deposit bonus. This sign-up incentive removes any initial financial barrier for those looking to start developing their trading strategies.

Main features

The $30 no-deposit bonus is available globally excluding residents of Indonesia, Pakistan, the US and Canada.

Bonus accounts have maximum 1:1000 leverage for trading currencies, metals and cryptocurrency.

Scalping and automated trading strategies are permitted with the bonus.

The offer applies to RoboForex Pro Standard and Pro Cent MT5/MT4 accounts with minimum $10 deposit and no commission fees.

Accounts provide market execution, floating spreads from 1.3 points, and negative balance protection for added security.

How to get the no-deposit bonus

Open a Pro Standard or Pro Cent MT5/MT4 account on the RoboForex platform.

Complete a basic identity, address and phone number verification process.

Deposit $10 for account confirmation using supported payment methods.

A bonus code will be emailed upon verification - this must be activated within 30 days in the Members Area.

Can I withdraw the no-deposit bonus

Traders can freely withdraw any profits earned from trading with the bonus amount.

The initial $30 no-deposit sum itself cannot be directly withdrawn.

However, profits provide a real opportunity to gain experience on the platform risk-free.

InstaForex

Open an account
Your capital is at risk.

InstaForex helps new traders enter Forex markets through an unusually generous $1000 no-deposit bonus program. Below we outline the key aspects of InstaForex bonus, including eligibility, terms and how traders can qualify for this substantial starting balance to begin developing their skills.

Main features

InstaForex provides a substantial $3,500 no-deposit bonus for new client accounts.

The bonus is available for Standard and Cent USD/EUR accounts opened since May 2014, excluding MT5.

Clients can trade currencies, indices, commodities, precious metals and more with maximum 1:200 leverage and transparent fees.

Trading is done through the popular MT4 platform.

How to get the no-deposit bonus

Open an eligible InstaForex account and complete the basic verification process.

Personal information and identity documentation must be verified.

The $1000 bonus will then be automatically deposited into the account.

Can I withdraw the no-deposit bonus

Traders cannot directly withdraw the initial bonus amount.

Profits over 20% of the bonus can be redeemed subject to meeting minimum trading volumes.

Fully verified accounts in good standing qualify for withdrawals of real profits earned.

FBS

Open an account
Your capital is at risk.
76.5% of retail accounts lose money when trading ᏟᖴᎠs with this provider.

Removing barriers to entering Forex markets, FBS designed its Level Up Bonus program to give new traders a funded starting point without an upfront investment. This no-deposit offering, along with educational materials, aims to help recipients develop crucial skills through practical application. Below we outline the key specifics of FBS's sign-up incentive.

Main features

FBS offers the Level Up Bonus of $70 or $140 on the mobile app, providing funds to begin trading without depositing.

Educational materials are included to help develop trading strategies and skills.

The bonus generates a real opportunity to start navigating markets without risking capital.

How to get the no-deposit bonus

Open a Level Up bonus account on FBS website or their mobile trading platform.

Complete the basic verification process to activate the bonus funds.

Can I withdraw the no-deposit bonus

The initial Level Up bonus amount itself cannot be cashed out.

Profits earned over 20 active trading days, fulfilling at least 5 lots, can be withdrawn, providing the bonus terms are met within 40 days after registration.

How To Choose the Best Forex No-deposit Bonus

When looking for the best no-deposit bonus, you first need to consider whether the bonus suits your trading style. If you're a scalper or day trader, for example, then you'll need a broker that doesn't restrict your trading strategies. Some brokers offer bonuses that can only be used on certain types of trades, so make sure you read the fine print before signing up.

The Size of the Bonus

When it comes to choosing the best forex no-deposit bonus, size does matter. The larger the bonus, the more trading capital you will have to work with. This can be a great advantage, giving you the opportunity to make bigger trades and potentially earn more profits.

However, it is important to remember that a larger bonus also comes with more risk. Be sure to carefully consider the size of the bonus in relation to your overall trading strategy before making a decision. Some brokers offer huge bonuses, but they may also require a correspondingly large deposit.

The Withdrawal Conditions

Some brokers will stipulate that you need to make a certain number of trades before you can withdraw your bonus or that you need to achieve a certain level of profitability. Others will place no restrictions on withdrawals, meaning that you can claim your bonus as soon as you've met the minimum deposit requirements. Obviously, the latter is the more favorable option, so be sure to check the small print before signing up for any bonus offers.

The Broker's Reputation

One way to do this is to check out online forums and see what other people are saying about the broker. If you see a lot of complaints or negative reviews, that's a red flag that you should avoid doing business with them.

It's also important to choose a broker that is regulated by a reputable organization, such as the Financial Conduct Authority (FCA) in the UK or the Commodity Futures Trading Commission (CFTC) in the US. You can also check out the broker's website to see if they provide any additional information about their regulation or other credentials.

Variety of Assets to Trade

When choosing the best no-deposit Forex bonus, it's important to consider the variety of assets that are available to trade. Some brokers offer a limited selection of assets, while others offer a wide range. The key is to find a broker that offers a good mix of assets that you're interested in trading.

For example, if you're primarily interested in currency pairs, you'll want to find a broker that offers a broad selection of currency pairs. On the other hand, if you're more interested in stocks and commodities, you'll want to find a broker that offers a good selection of those assets as well. In addition to the variety of assets, it's also important to consider the leverage that's available.

How to Get the Best Forex No-Deposit Bonus

How do you go about getting the best forex no-deposit bonus? Here are a few tips:

Do Your Research

There are a lot of forex brokers out there, and not all of them offer no-deposit bonuses. So, take some time to research your options and find a broker that fits your needs.

Read the Fine Print

Once you've found a broker that offers a no-deposit bonus, make sure you read the terms and conditions carefully. Some brokers require you to trade a certain amount before you can withdraw your bonus, so it's important to know what you're getting into before you deposit any money.

Make a Plan

No-deposit bonuses are typically small - usually around $25 - so it's important to have a plan for how you're going to use it. If you're just starting out, you might want to use it to test out different trading strategies. Or, if you're more experienced, you could use it to supplement your income from other sources.

Read Customer Reviews

Customer reviews can give you an insight into the pros and cons of different forex brokers and can help you to find the right broker for your needs. However, it's important to take customer reviews with a grain of salt, as they may not always represent the broader market.

In addition, some forex brokers may offer incentives for customers to write positive reviews, so it's important to do your own research as well. With that said, customer reviews can be a valuable resource when choosing a forex broker and should definitely be considered as part of your decision-making process.

Can I Withdraw My Forex Bonus

Many people are wondering if they can withdraw their forex bonus. The answer is yes. In some cases, you can withdraw not only your winnings but also the bonus itself. However, there are certain conditions that must be met for you to be eligible for withdrawal.

For example, most brokers require that you trade a certain amount of money before you can withdraw your bonus. The typical range is from $4 to $20. So if you're thinking about withdrawing your forex bonus, make sure to check with your broker first to see what the requirements are.

Team that worked on the article

Andrey Mastykin
Author, Financial Expert at Traders Union

Knows about
Trading strategies, technical analysis, Forex, stock market, long-term investing

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.

Experience
Andrey's passion for finance began in 2009, and he has since accumulated extensive experience in trading and investing across various asset classes, including stocks, Forex, and cryptocurrencies.

He has spent over 15 years managing his own capital and working with financial portals, financial institutions, and IT companies, as a financial writer and analyst, further refining his investment expertise.

He is the author of several training courses on investing and trading in financial markets. Led multiple FX/Stocks/Crypto webinar educational presentations. Authored hundreds of articles on the global economy, stock, cryptocurrency, and Forex markets, along with trading strategies. He has also penned hundreds of professional reviews of financial firms.

Throughout his journey, Andrey has been heavily influenced by the works of renowned authors and investors like Benjamin Graham, Ray Dalio, Robert Shiller, and Nassim Taleb.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

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.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.

Mirjan Hipolito
Cryptocurrency and stock expert

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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.