Best Forex No-Deposit Bonuses In Ghana: A Complete Guide For 2024



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Best Forex no-deposit bonuses in Ghana:
RoboForex: offers up to $30 no-deposit bonus with competitive trading conditions and fast withdrawals.
HFM (formerly HotForex) : provides a $35 welcome bonus for new traders to start risk-free trading.
SuperForex : features a $88 no-deposit bonus for beginners to explore trading without initial investments.
InstaForex : gives a $1,000 no-deposit bonus for practice and real-market exposure.
Tickmill : offers a $30 no-deposit bonus with tight spreads and a user-friendly trading environment.
No-deposit bonuses are promotional offers provided by Forex brokers to attract new traders. These bonuses allow traders to start trading live markets without making any initial deposit. For traders in Ghana, no-deposit bonuses present an opportunity to engage with global markets without the risk of losing personal capital right from the start.
In this article, we'll break down everything you need to know about the best Forex no-deposit bonuses in Ghana, highlight the best Forex bonuses in Ghana, and show you how to find the top Forex bonuses in Ghana.
Best Forex brokers to invest with no-deposit bonuses in Ghana
A Forex no-deposit bonus is essentially a small amount of money that brokers deposit into your trading account for free. The purpose is to let you start trading without the need to fund your account. While the profits you generate can often be withdrawn, brokers typically impose certain conditions β like trading a minimum volume or verifying your account β before you can withdraw your earnings.
Broker's name | Size | Conditions for obtaining | |
---|---|---|---|
RoboForex | $30 | To get a bonus from RoboForex:- Open an account.- Verify the account.- Deposit at least 10 USD. | |
HFM | $35 | You need to open a live account. You can only claim the bonus within 30 days of registering for the account. | |
SuperForex | $88 | 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. | |
InstaForex | $1,000 | - How to get IstaForex no deposit bonus:- Open a new account using the promotional form online and entirely verify it. | |
Tickmill | $30 | - Signup for a Tickmill account;- The $30 welcome bonus account will be applied automatically following application approval; and last, complete the registration process.Limitations- EA trading is prohibited, and the incentive only lasts 90 days. | |
Admiral markets | $100 | They'll then need to verify their identity and country of residence. After that, the bonus of $100 will automatically be credited to their live trading account. | |
FBS | $140 | 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. |
Step-by-step guide to claiming a no-deposit bonus
Choose a reliable broker. Start by researching brokers that offer no-deposit bonuses in Ghana. Make sure they are regulated and trustworthy.
Open an account. Register with the broker by providing your personal details and setting up a trading account.
Verify your identity. Most brokers require you to verify your account by submitting identification documents.
Claim the bonus. After verification, the no-deposit bonus will be credited to your account.
Start trading. Use the bonus to start trading Forex pairs, commodities, or other instruments.
Meet withdrawal requirements. To withdraw your profits, you'll likely need to meet the broker's conditions, such as trading a specified number of lots or making a small deposit.
How no-deposit bonuses work
A no-deposit bonus is essentially a small amount of money given to you by a broker to start trading without requiring an initial deposit. Once you sign up and verify your account, the broker credits your trading account with the bonus. You can use this bonus to trade Forex pairs, commodities, or other instruments offered by the broker. The goal is to generate profits, which can often be withdrawn once specific conditions β like minimum trading volume or lot sizes β are met.
Typical bonus amounts and conditions
Forex no-deposit bonuses generally range from $30 to $140. However, the real value lies in how you use this money to build your profits. Each broker has specific terms regarding how these bonuses can be used and, most importantly, how profits can be withdrawn. Conditions often include:
Trading volume requirements. To withdraw your earnings, you usually need to trade a minimum number of lots. This condition ensures that traders are actively participating in the market rather than just withdrawing the bonus.
Verification process. Before receiving the bonus, you will typically need to complete account verification by submitting identification documents. This ensures compliance with anti-money laundering laws and confirms your eligibility.
Time limits. Many brokers set a time limit within which you must meet the trading requirements, usually 30 to 60 days. If you fail to meet these conditions within the set timeframe, the bonus might expire.
Considerations for beginners
Find bonuses designed for Ghanaian traders. Some brokers create offers that actually make sense for local traders, like easier withdrawal conditions, lower fees, and payment options you can access here in Ghana. These bonuses can give you a real leg up compared to the standard global deals.
Check if the bonus is limited to certain account types. Some brokers only offer No-deposit bonuses for specific accounts. For example, a micro account lets you trade in smaller steps, so you can practice without trading too big. Look into this to find something that lets you learn without high risk.
See if you can trade with Ghanaian Cedi (GHS). Itβs a lot simpler when you can trade in your own currency or at least at a fair exchange rate, so you're not losing money to conversions. This can make managing profits way easier, especially when starting out.
Look for bonuses with decent profit caps. Some brokers cut you off on how much profit you can keep from your bonus. Choosing one with a high or no cap means youβre free to actually see what you can earn without being held back.
Go for brokers with regional support. Brokers who offer customer support that matches your timezone or understands Ghana's market challenges are worth it. This can save you time and hassle when you need help or have questions.
Considerations for advanced traders
Dig into local trading conditions. Instead of just jumping on the first no-deposit bonus, think about how the brokerβs transaction times fit with Ghanaβs banking hours. A lot of platforms donβt factor in local bank schedules, and this can mess up your withdrawals. Finding one that does is like finding gold β quicker access to your money, fewer issues.
Get your full cut of profits from bonuses. A little-known fact about some bonuses is that they limit how much of your bonus profits you can actually keep. For beginners, especially those in Ghana, itβs crucial to make sure every bit of profit can be withdrawn if you earn it. Look for brokers that donβt put these caps in place, so you truly get to enjoy any gains.
Try Cedi pairs for a smoother start. Some brokers offer currency pairs that include the Ghanaian Cedi (GHS). This makes it easier to understand whatβs happening in trades since youβre already familiar with Ghanaβs economy. Plus, having this local touch can make the learning process less overwhelming.
Use a broker with a data-friendly app and local support. Since most people in Ghana rely on mobile data, finding a broker with an app that wonβt eat up your data is essential. Itβs a bonus if they also have a customer support team that understands the unique challenges in Ghana, like local banking quirks or network connectivity issues.
Find a broker that helps with local tax deductions on profits. Believe it or not, some brokers assist with taxes when you withdraw profits. As a beginner, these hidden charges can take a bite out of your earnings, so working with a broker that shares a bit of the tax burden can really add up over time.
Pros and cons of Forex no-deposit bonuses
- Pros
- Cons
No risk to personal capital. You can trade without depositing any of your money.
Great for learning. A perfect way for beginners to learn without financial pressure.
Opportunity to explore new brokers. Advanced traders can use bonuses to test new brokers or platforms.
Restrictive withdrawal conditions. Brokers often have strict conditions for withdrawing profits.
Small bonus amounts. Typically, no-deposit bonuses are small (e.g., $30-$100), which may limit your trading opportunitiesβ.
Risks and warnings
Over-leveraging. Itβs easy to get carried away with high leverage, risking large losses.
Broker trustworthiness. Some less-known brokers offering high no-deposit bonuses might have hidden fees or predatory termsβ.
Ensure that the broker is regulated by credible authorities, such as FCA or CySEC, to avoid issues related to withdrawals or broker reliabilityβ.
Focus on whether the brokerβs rules for using the bonus
When youβre looking for a no-deposit bonus in Ghana, skip the temptation to go for the biggest amounts. Instead, focus on whether the brokerβs rules for using the bonus actually suit the way you want to trade. Some brokers let you use the bonus for lots of smaller trades instead of making you risk everything on one big trade. This kind of setup can be a lifesaver for beginners because it lets you test out different ideas without the stress of having to get it all right on the first try. Itβs like being able to take small steps while youβre finding your footing, giving you more room to learn and experiment.
Another tip: pick a broker that understands Ghanaβs banking setup. Look for one that makes withdrawals easy and works with local options like mobile money or your Ghanaian bank. Youβll avoid a lot of hassle if you pick a broker with fees and processing times that match up with local systems, so youβre not left waiting ages or paying extra just to get your money. Going for a broker whoβs in sync with local banking really smooths out the process when youβre finally ready to cash out.
FAQs
Can I open multiple accounts with the same broker to claim multiple no-deposit bonuses?
No, most brokers have strict policies against opening multiple accounts for bonuses. Doing so may result in account suspension or forfeiture of all bonuses.
How long does it take for the no-deposit bonus to be credited to my account?
Typically, it takes 24-48 hours after account verification for the bonus to be credited, but this may vary by broker.
Can I combine no-deposit bonuses from different brokers?
Yes, you can claim no-deposit bonuses from different brokers at the same time, but each bonus will have its own terms and conditions.
Do I need to deposit money to withdraw the profits from a no-deposit bonus?
Yes, some brokers require you to make a small deposit before withdrawing profits earned from a no-deposit bonus, even if you meet the trading volume conditions.
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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.
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.
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).