Offered by many major brokers, no-deposit bonuses provide a great opportunity to check out the fees, conditions, and other aspects of interacting with a certain broker without actually investing any money: you sign up, get a small sum of money, and use it for trading. However, each broker has its own set of rules for these bonuses, and some of them offer larger bonuses than others. In this article, we analyze the best offers on the market and tell you about the top 4 Forex brokers with no-deposit bonuses.
How these bonuses work
No-deposit bonuses are also known as welcome bonuses: basically, it’s a small sum of money (about $30 or a bit more) that’s given for free to every new trader who signs up. Of course, you can’t take the money and leave, you can use them only for trading. However, these funds are not virtual, and there’s a real chance to invest them wisely and make significant profits you can withdraw later. Such bonuses benefit everybody: brokers get to attract new users, and traders can check out brokers or learn how to trade without risking their own money.
However, each broker sets its own rules: some allow you to withdraw these funds after reaching some trading volume on the platform, and others may have some prohibitions related to profits withdrawal. It is important to find the best offers on the market, so we are going to review the best Forex no-deposit bonuses in 2023.
One of the most reputable brokers in the world, RoboForex has a decent no-deposit bonus of $30. It’s given to every new trader who signs up and verifies the account. However, there’s a catch: you’ll have to deposit at least $10 to get your welcome bonus.
Tickmill is another popular broker with a good welcome bonus: you get $30 for free right after signing up, but these funds can be used only for 90 days, but that should be more than enough to learn about the trading conditions and check them out.
Widely considered the best European broker, Admiral Markets offers tight spreads, low fees, all kinds of trading instruments, and high leverage rates. The broker is also widely known for its hefty welcome bonus of $100, and all you need to do to receive it is to open an account and verify your identity.
One of the most popular Asian brokers, InstaForex is well-regulated and versatile. The broker gives all new users a welcome bonus of $1,000, but you need to verify your account first.