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Home » Forex Brokers » by Bonuses » No Deposit Bonus

Best No Deposit Bonus Forex Brokers

No deposit bonus forex brokers award you with an initial bonus upon registration to help you start trading. These bonus funds can help new traders practice different trading strategies without risking their own funds. We compared many no deposit forex brokers in terms of tradable assets, fees, leverage, and customer service. The following are our top 10 picks.

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Forex.com
trusted
Available in
Country Flag
1
Forex.com
20 customer reviews
Rating
4.6
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros

  • Top-Tier Regulation

  • Low Forex Fees

  • No Withdrawal Fees

Cons

  • High Stock CFD Fees

  • Limited Product Portfolio

  • User Interface Could Be More Intuitive

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:50
Start trading
76-78% of retail investor accounts lose money when trading CFDs with this provider.
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UnitedPips
Available in
Country Flag
2
UnitedPips
0 customer reviews
Rating
4.1
/ 5
Expand
  • Specialized trading accounts
  • PayPay for deposit
Pros

  • High leverage options (up to 1:1000) for experienced traders.

  • Multiple account types to suit different trading needs.

  • User-friendly platforms, including mobile trading.

Cons

  • Limited information on regulatory licensing and oversight.

  • Located in St. Lucia, a jurisdiction that may raise regulatory concerns.

  • Lack of detailed information on fees or additional charges.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
Start trading
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Exness
trusted
Not available in
Country Flag
3
Exness
52 customer reviews
Rating
4.9
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Free VPS hosting
Pros

  • Competitive Trading Conditions

  • Wide Range of Tradable Instruments

  • Advanced Trading Platforms

Cons

  • Limited Regulatory Oversight for Some Entities

  • Limited Educational Resources for Beginners

  • Mixed User Reviews

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:2000
Start trading
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RoboForex
trusted
Not available in
Country Flag
4
RoboForex
102 customer reviews
Rating
4.9
/ 5
Expand
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros

  • Extensive Range of Tradable Instruments

  • Competitive Trading Conditions & Accounts

  • Versatile Trading Platforms

Cons

  • Regulated by an Offshore Regulator

  • Limited Demo Account

  • Withdrawal fee1%
  • Deposit fee$0
  • Max Leverage1:2000
Start trading
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FxGlory
trusted
Not available in
Country Flag
5
FxGlory
9 customer reviews
Rating
4.7
/ 5
Expand
  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros

  • High Leverage Options

  • Low Initial Deposit Requirements

Cons

  • Lack of Proper Regulation

  • Withdrawal Issues

  • Poor Customer Support

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:3000
Start trading
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Alfa-Forex
trusted
Not available in
Country Flag
6
Alfa-Forex
0 customer reviews
Rating
4.7
/ 5
Expand
  • Free VPS hosting
  • Specialized trading accounts
Pros

  • Regulated by the Central Bank of Russia, ensuring a high level of security for client funds.

  • Offers a wide range of assets, including forex currency pairs, commodities, indices, stocks, and cryptocurrencies.

  • Competitive spreads start from 0.1 pips.

Cons

  • Not available for US clients.

  • A limited selection of account types to choose from.

  • No social trading or copy trading options available.

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
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FxPro
trusted
Not available in
Country Flag
7
FxPro
206 customer reviews
Rating
4.7
/ 5
Expand
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
Pros

  • Regulated by Multiple Tier-1 Authorities

  • Competitive Trading Conditions

  • Wide Range of Trading Platforms

Cons

  • Higher Commissions on Certain Platforms

  • Limited Educational Resources Compared to Other Brokers

  • Not Available Worldwide

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:10000
Start trading
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Alpari
trusted
Not available in
Country Flag
8
Alpari
12 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros

  • Competitive Spreads

  • Comprehensive Educational Resources

  • Robust Customer Support

Cons

  • Limited Deposit and Withdrawal Options

  • Occasional Platform Glitches

  • Limited Regulatory Oversight in Certain Regions

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
Start trading
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XM
trusted
Not available in
Country Flag
9
XM
34 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros

  • Regulated by Top-tier Authorities

  • Low Spreads and Commissions

  • Popular Trading Platforms

Cons

  • Limited Asset Coverage

  • Platform Selection Limited

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:888
Start trading
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IC Markets
trusted
Not available in
Country Flag
10
IC Markets
18 customer reviews
Rating
4.6
/ 5
Expand
  • Specialized trading accounts
  • Tight Spreads
  • Low commissions
Pros

  • Provides trading aids and resources such as risk depth, spread monitoring, and risk calculator.

  • Offers low average spreads and competitive pricing for all account types.

  • Provides plugins for third-party research and trading tools.

Cons

  • Limited product offerings.

  • No investor protection for traders outside the European Union.

  • No weekend trading, extra bonuses or promos.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:500
Start trading
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Our ranking methodology and selection process

What is a No Deposit Bonus in Forex Trading?

A no deposit bonus in forex trading is a promotional offer that provides traders with a small amount of capital to start trading without making an initial deposit. For example, a broker might offer a $30 bonus, which traders can use to begin trading without risking their own funds. This is especially useful for beginners looking to try trading before committing their own money.

Are No Deposit Bonuses Too Good to Be True?

No deposit bonuses can be a great way to explore new brokers, but they come with terms and conditions. It’s important to read these carefully before signing up. Conditions can include time limits, withdrawal restrictions, and turnover requirements, which vary from broker to broker. Make sure you understand these terms to avoid any surprises later on.

How Can I Choose the Best No Deposit Bonus Forex Broker?

Choosing the best no deposit bonus forex broker is similar to choosing any broker. You should consider your trading preferences, goals, and risk tolerance. Look at the broker’s regulatory status, trading platforms, fees, and customer service. While the bonus can be appealing, always read the terms and conditions before making a decision.

Can I Withdraw Profits Made from a No Deposit Bonus?

In many cases, you can withdraw profits made from a no deposit bonus, but there are usually conditions attached. These may include reaching a specified trading volume or making a minimum deposit. Be sure to check the requirements before trading to understand how and when you can withdraw profits.

Summary

No deposit bonuses can be an excellent way to explore a broker without risking your own money. However, it’s essential to understand the terms and conditions attached to these bonuses, as specific requirements often need to be met before profits can be withdrawn. If the terms suit your trading style, no deposit bonuses can provide a risk-free way to test a broker’s offerings.