Best Brokers with No-Deposit Bonus in Iraq

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5 No-deposit Bonuses in Iraq (2025) Compared

The list of Forex no-deposit bonuses in Iraq:

Bybit - 20 USDT Welcome Gifts
XM Group - No Deposit Welcome Bonus $30
xChief - $100 No-Deposit Bonus
FXOpen - No Deposit Bonus
Headway - $111 No Deposit Bonus

Discover the 5 Forex no-deposit bonus in Iraq for 2025. Start trading without any initial investment and explore the best offers from leading brokers.

Forex no-deposit bonuses in Iraq compared

We have compared the 5 no-deposit bonuses in Iraq based on the most important parameters such assize, eligibility conditions, including withdrawal possibilities, and the reliability level according to the our expert assessment.

	Name	TU Trust level Trust Level is a unique metric developed by Traders Union that evaluates the reliability of a bonus based on various parameters, including the payout history, bonus conditions, and the broker's regulation.	Size ($, %)	Accessible to
Bybit	20 USDT Welcome Gifts	4,9	20 USDT	New clients
XM Group	No Deposit Welcome Bonus $30	4,4	$30	Excluding clients under CySEC, ASIC, and DFSA jurisdictions
xChief	$100 No-Deposit Bonus	2,69	$100	New clients
FXOpen	No Deposit Bonus	3,23	$10	New clients
Headway	$111 No Deposit Bonus	3,34	$111	New clients

Request Bonus

Unlimited

Expiration date

Bybit's 20 USDT Welcome Gifts promotion is designed to reward new users who join the platform. The offer celebrates Bybit reaching 15 million users, providing newcomers with a 20 USDT coupon upon registration. This incentive aims to familiarize new users with the platform's features and encourage their active participation in trading.

How to claim?

Sign up.
Receive a USDT coupon as a reward.

Request Bonus

Unlimited

Expiration date

XM offers a "Trading Bonus" promotion, giving new clients from Oman, Singapore, Malaysia, UAE, Kuwait, Bahrain, and Bruneia $50 bonus without requiring a deposit. In certain regions, new clients are eligible for a $30 No Deposit Bonus, This bonus is credited automatically upon account opening and can be used for trading. Profits made from the bonus can be withdrawn, though the bonus amount is deducted proportionally upon withdrawal. The bonus is valid for 30 days. This promotion is not available to clients under the jurisdictions of CySEC, ASIC, and DFSA.

How to claim?

Register a new trading account
Complete the account verification
Claim the Bonus
Complete the SMS verification

Request Bonus

Unlimited

Expiration date

This is another promotion provided by ForexChief. It allows new clients to receive a $100 bonus without making a deposit. Once account verification is completed, the client will automatically receive the No-Deposit bonus via the xChief mobile application. The $100 No-Deposit bonus is only available for DirectFX and Classic+ accounts, and once credited to the client's account, it can be used to conduct trading tests on the platform. This bonus to available to a selected countries.

How to claim?

Open DirectFX or Classic+ account
Fulfill the verification process
Download the mobile app to claim the bonus
Choose the "No-Deposit Bonus" option

Request Bonus

Unlimited

Expiration date

The FXOpen No Deposit Bonus offers new traders a great opportunity to start trading without using their own money. Eligible clients who sign up for a new STP, ECN TickTrader Net or Gross account will receive a $10 bonus credited to their accounts. The bonus can be received within the first 90 days after registration. The bonus amount cannot be withdrawn, but profits can be withdrawn after meeting the minimum trading volume requirement of two lots. This promotion provides a risk-free way for beginners to explore the markets and test the platform.

How to claim?

Register an FXOpen Main account.
Open a trading account (STP, ECN TickTrader Net, or Gross) via the "Add an account" menu in your client portal.
Complete all Grade verifications.

Request Bonus

December 31, 2025

Expiration date

Headway offers a $111 no-deposit bonus for new clients. This bonus is available for seven days after opening a bonus account and can be used to trade various instruments, including currency pairs, metals, and digital assets. Profits earned during this period can be withdrawn after meeting specific trading volume requirements on a real account. No initial deposit or verification is required to receive the bonus.

How to claim?

Sign up on Headway.
Open a bonus account.
Receive the $111 bonus instantly.

Request Bonus

Are bonuses legit and regulated in Iraq?

In Iraq, Forex bonuses are not specifically regulated. Therefore, it's crucial to focus on the broker offering the bonus. The broker should accept clients from Iraq and have recognized international regulation. Additionally, consider the trading conditions the broker provides, such as spreads, to ensure a reliable and advantageous trading environment. We compared top 5 broker, that offer bonuses in Iraq

	Maximum leverage	Minimum deposit	Regulation	Floating spread EUR/USD, min pips	Floating spread EUR/USD, max pips
Bybit	500	0	VARA, AFSA, NBG, MiCAR	Not supported	Not supported
XM Group	1000	5	CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius)	0,7	1,2
xChief	1000	0	ASIC, MISA	0,1	0,8
FXOpen	1000	1	FCA, CySEC, The Financial Commission	0,5	1,2
Headway	1000	1	FSCA	0,4	1,2

How to choose a broker's bonus in Iraq?

Evaluate the Broker:

Research the broker's reputation through customer reviews and testimonials.
Verify the broker's regulatory status in Iraq and ensure they are licensed by reputable financial authorities.
Consider the broker's history and track record in the industry.

Review Bonus Conditions:

Carefully read the terms and conditions associated with the bonus.
Look for any hidden restrictions or requirements, such as minimum deposit amounts or trading volume conditions.
Understand the expiration date of the bonus and any deadlines for meeting the conditions.

Assess the Bonus Size:

Compare the bonus amounts offered by different brokers.
Determine which bonus provides the best value for your investment and trading needs.
Consider if the bonus size is realistic and achievable within your trading strategy.

Check Withdrawal Possibilities:

Ensure you understand the withdrawal conditions tied to the bonus.
Look for any potential hurdles or complications in accessing your bonus funds.
Verify if there are any additional fees or charges for withdrawing the bonus amount.

Consider TU Trust Level:

Use the TU Trust Level, a unique metric developed by Traders Union, to evaluate the reliability of the bonus. It assesses various parameters, including payout history, bonus conditions, and the broker's regulation.

Are forex no-deposit bonuses risky?

No-deposit bonuses in forex pose risks, as they may encourage traders to engage in high-risk trading practices due to the perceived lack of personal investment. Additionally, the stringent withdrawal requirements often associated with these bonuses can make it difficult for traders to access their earnings. Nevertheless, they are less risky overall because traders can experience the broker's conditions without significantly risking their own funds.

Maximizing your Forex no-deposit bonus experience

While no-deposit bonuses can be an excellent way to start your Forex trading, making the most of these opportunities requires more than just accepting the offer. To help you maximize the benefits of these bonuses, Traders Union experts offer some practical tips and strategies:

In Iraq, where the average Forex trader spends about 4 hours per day on market analysis, it's crucial to make the most of your no-deposit bonus time. Set clear reminders for bonus expiration dates, as studies show that around 70% of traders in Iraq forget to fully utilize their bonuses before they expire. Use this urgency to motivate yourself to learn and trade actively, but avoid making rash decisions just to use the bonus before it expires.

Data indicates that traders who spread their bonus usage evenly over the available time period tend to have a 23% higher success rate compared to those who rush their trades near the expiration date. To maximize your learning, try to allocate at least 1 hour per day to studying market trends and practicing with your bonus funds. This approach aligns with findings that consistent, daily engagement with the forex market leads to better long-term results for traders in Iraq.