No deposit bonuses have become one of the most enticing offers for new traders in the forex industry. These bonuses allow traders to test the waters without risking their own money, making them a great way to try out a broker’s platform. In 2024, many forex brokers continue to offer no deposit bonuses to attract new clients. Here’s a list of the 5 best forex brokers offering no deposit bonuses in 2024 and what makes them stand out.
1. FBS – $100 No Deposit Bonus
Overview:
FBS is one of the most well-known forex brokers offering a generous $100 no deposit bonus for new traders. FBS is regulated by multiple authorities, including CySEC and IFSC, making it a reliable choice for traders worldwide.
Why Choose FBS?
- Bonus Amount: $100
- Regulation: CySEC, IFSC
- Leverage: Up to 1:3000
- Trading Platforms: MetaTrader 4 & 5
- Bonus Withdrawal Conditions: You need to meet specific trading volume requirements before withdrawing the bonus profits.
- Extra Perks: FBS also offers a variety of promotions and cashback programs for regular traders.
Verdict: FBS is perfect for traders looking to start trading forex with a larger no deposit bonus and experience trading with high leverage.
2. InstaForex – $1,000 No Deposit Bonus
Overview:
InstaForex offers one of the largest no deposit bonuses in the industry. Their $1,000 bonus provides an excellent opportunity for traders to explore the platform and execute trades without depositing any funds.
Why Choose InstaForex?
- Bonus Amount: $1,000
- Regulation: BVI FSC
- Leverage: Up to 1:1000
- Trading Platforms: MetaTrader 4
- Bonus Withdrawal Conditions: Profits can be withdrawn after fulfilling certain trading conditions, but the bonus itself cannot be withdrawn.
- Extra Perks: They have regular contests and promotions for both new and existing clients.
Verdict: InstaForex’s substantial bonus and low leverage requirement make it a top choice for traders seeking to experience larger market moves with no risk.
3. XM – $30 No Deposit Bonus
Overview:
XM is a reputable broker known for its reliability and wide array of trading instruments. Their $30 no deposit bonus may seem modest, but it’s an easy and simple way to get started, especially for beginners.
Why Choose XM?
- Bonus Amount: $30
- Regulation: ASIC, CySEC, IFSC
- Leverage: Up to 1:888
- Trading Platforms: MetaTrader 4 & 5, WebTrader
- Bonus Withdrawal Conditions: Profits can be withdrawn after trading a minimum of 0.1 standard lots within 30 days.
- Extra Perks: XM also offers regular loyalty programs and a deposit bonus on subsequent deposits.
Verdict: XM’s no deposit bonus is a good starting point for beginner traders looking for a low-risk opportunity to learn and experience trading.
4. RoboForex – $30 Welcome Bonus
Overview:
RoboForex offers a $30 welcome bonus for new clients. Known for its diverse range of assets and excellent customer service, RoboForex is a strong contender for traders seeking a reliable broker with a no deposit bonus.
Why Choose RoboForex?
- Bonus Amount: $30
- Regulation: IFSC
- Leverage: Up to 1:2000
- Trading Platforms: MetaTrader 4 & 5, cTrader, R Trader
- Bonus Withdrawal Conditions: The bonus is credited to your account automatically and profits can be withdrawn after trading 3 standard lots.
- Extra Perks: RoboForex provides excellent customer support, multiple account types, and several trading platforms.
Verdict: RoboForex is perfect for traders who want multiple trading platform options and decent leverage while enjoying a risk-free start.
5. Tickmill – $30 Welcome Account Bonus
Overview:
Tickmill offers a $30 no deposit bonus with straightforward conditions. With low spreads, excellent execution speed, and a strong regulatory framework, Tickmill is an excellent choice for traders looking to test their skills without depositing funds.
Why Choose Tickmill?
- Bonus Amount: $30
- Regulation: FCA, CySEC, FSA
- Leverage: Up to 1:500
- Trading Platforms: MetaTrader 4
- Bonus Withdrawal Conditions: Profits from the bonus can be withdrawn after trading a minimum of 0.1 lots and completing 20 trades.
- Extra Perks: Tickmill is known for having some of the lowest trading costs in the industry, making it a great platform for active traders.
Verdict: Tickmill is ideal for traders who prioritize low-cost trading and quick execution, combined with a simple no deposit bonus offer.
Final Thoughts: Which No Deposit Bonus Should You Choose?
The best no deposit bonus broker depends on your trading preferences and goals. If you want a larger bonus, InstaForex with its $1,000 bonus is worth considering. For traders who prefer higher leverage, FBS and RoboForex offer generous leverage alongside their bonuses. Meanwhile, XM and Tickmill are excellent for those who want a simple, risk-free introduction to the world of forex trading.
Before you dive in, always review the terms and conditions associated with these bonuses. Many brokers impose specific requirements for withdrawing profits, so be sure to understand the criteria before you start trading. Happy trading!
By evaluating these brokers, you can select the one that best suits your trading style and preferences while enjoying the advantages of a no deposit bonus to kickstart your trading journey.