If you trade with one of these brokers, your account will be credited after you make a deposit. In this article, we reveal our 15 Best Deposit Bonus Forex Brokers and we review the features, tools, platforms and trading conditions these brokers offer.
What is a deposit bonus?
A deposit bonus is credited to your account when you fund it. Some brokers will reward you for every deposit you make and the value of your bonus usually scales depending on how much you deposit.
If you deposit $500 and the deposit bonus is 50%, you will get an extra $250 for each deposit, or another $500 if the deposit bonus is 100% and so on.
Deposit bonuses can really boost your account if you’re planning on making regular deposits, so this type of broker is an excellent choice for active traders who will make frequent deposits.
If it’s your first time trading and you’re ready to make a deposit, this type of bonus will also give you a headstart in addition to any other (if any) bonuses your broker offers.
How to get a deposit bonus?
To claim your deposit bonus, you must first open a live account with a broker and complete the full registration process. Once you are ready to make a deposit, simply fund your account and claim your bonus.
Generally, the process is pretty straight forward but it may differ from broker to the next, so make sure to ready over the T’s and C’s before you deposit any money into your account!
Plus500
Overall Rating USD 100 FCA, CySEC, ASIC, FMA 📱 Platforms Plus500 app ₿ Crypto Yes 💵 Account Currency USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD Yes 📊 Leverage 1:300 🛒 Instruments Forex, Indices, Cryptocurrency, Commodities, Shares, Options, ETFs 🏛️ Visit Broker
4.7/5
Minimum Deposit
Regulators
Islamic Account
Plus500 is well-regulated and is trusted by over 400,000 clients, with over a decade of industry experience.
Plus500 is a proud sponsor of 5 sports teams and caters to retail and professional traders, as well as beginners.
Plus500 Pros and Cons:
| ✔️Pros | ❌Cons |
| 14 base currencies | No copy trading |
| Negative Balance Protection | Inactivity fees |
| Suitable for beginners | No bonus offers |
| Highly regulated |
Grand Capital
Overall Rating USD 10 FinaCom 📱 Platforms MT4, MT5, GrandTrade ₿ Crypto Yes 💵 Account Currency USD, EUR, JPY, GBP, CHF, RUB Yes 1:500 🛒 Instruments Stocks, Energies, Metals, Forex, CFDs, Crypto, Indices 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account
Leverage
Grand Capital was established in 2006 and is trusted by more than 750,000 clients globally.
This brokerage facilitates the trading of over 300 instruments, including 68 cryptocurrencies, and offers 6 flexible account types that are compatible with MetaTrader 4 and 5.
Grand Capital offers a renewable deposit bonus of 40% and clients can participate in a variety of different contests.
Grand Capital offers investment portfolios, demo accounts, copy trading and a trading guide for beginners, and VIP clients have access to exclusive benefits.
Grand Capital Pros and Cons:
| ✔️Pros | ❌Cons |
| Trading bonuses | US clients not accepted |
| Compatibility with MetaTrader platform | Limited educational resources |
| Copy Trading supported | Live chat keeps popping up |
| 5 account types |
AvaTrade
USD 100 MiFID, FSA, ASIC, BVI, FFAJ, FSCA, ADMG, FRSA 📱 Platforms MetaTrader 4, MetaTrader 5 ₿ Crypto Yes 💵 Account Currency AUD, EUR, USD, GBP, CHF Yes 1:400 🛒 Instruments Forex, Bonds, Stocks, Commodities, ETFs, Indices, Crypto 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
AvaTrade facilitates the trading of Bonds, Forex, Crypto Stocks, Commodities, ETFs and Indices.
The minimum deposit at AvaTrade is 100 USD and accounts can be funded using EUR, CHF, GBP, AUD or USD.
This broker has more than 300,000 clients and is regulated by FSA, FFAJ, ADMG, FRSA ASIC, FSCA, BVI and MiFID.
AvaTrade Pros and Cons:
| ✔️Pros | ❌Cons |
| Suitable for beginners | No US clients |
| 5+ regulations | Inactivty fees |
| Multiple account types | |
| MetaTrader support |
Tickmill
Overall Rating USD 100 FCA, FSCS, FSA, CYSEC, MiFID, ESMA 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency EUR, GBP, USD Yes 1:500 🛒 Instruments Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs, Forex, Commodities 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
Tickmill was founded in 2014 and offers 3 types of accounts with 1 account being commission-free.
All accounts can be used as swap-free accounts and support any kind of trading strategy,
Spreads start as low as 0 pips and there is a $30 welcome bonus.
You can fund your account using many methods, including Visa and Mastercard.
Card deposits are instant and no fees are charged.
Tickmill Pros and Cons:
| ✔️Pros | ❌Cons |
| Negative Balance Protection | No US clients |
| Welcome bonus | 3 base currencies |
| Zero-commission account | No crypto |
| Highly regulated | |
| Multiple accounts |
InstaForex
Overall Rating USD 1 FSC, BVI, CySEC 📱 Platforms MT4, MT5, InstaTick Trader ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:1000 🛒 Instruments Forex, Stocks, Indices, Metals, Oil, Gas, Commodity Futures, Crypto, InstaFutures 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
InstaForex was founded in 2007 and has more than 7 million clients.
InstaForex offers 2 standard accounts and 2 Cent accounts, with spreads starting as low as 0 pips.
InstaForex is a great option for beginners who need demo accounts or cent accounts and educational resources.
There are many ways to fund your InstaForex account. If you use bank cards, there are no additional costs and your transaction will be processed within 24 hours.
InstaForex Pros and Cons:
| ✔️Pros | ❌Cons |
| Beginner-friendly | 2 account currencies |
| Low minimum deposit | No US clients |
| Negative Balance Protection | |
| Many account types |
Vantage Markets
Overall Rating USD 200 ASIC, FCA, CIMA 📱 Platforms MT4, MT5, Vantage app, Protrader, Metaquotes apps, ZuluTrade, DupliTrade, MyFxBook ₿ Crypto No 💵 Account Currency AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD Yes 1:500 🛒 Instruments Forex, Indices, Energy, Soft commodities, Metals, CFDs 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
Vantage Markets is an ASIC-regulated broker that facilitates the trading of CFDs Soft Commodities, Indices, Forex, Metals and Energies.
This broker requires a minimum deposit of 200 USD and supports several base currencies, including SGD, JPY, CAD, EUR, HKD, NZD, GBP, AUD and USD.
Vantage Markets is compatible with MetaTrader 4 and 5, and you can also trade on the Vantage app and Protrader.
Vantage Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| More than 5 currencies for funding | High minimum deposit |
| 4 trading platforms | |
| Trading bonuses |
RoboForex
Overall Rating USD 10 IFSC, CySEC 📱 Platforms MT4, MT5, cTrader, R Stocks Trader ₿ Crypto Yes 💵 Account Currency USD, EUR, RUB, CNY, GOLD, BTC Yes 1:2000 🛒 Instruments Forex, Indices, Stocks, Metals, Commodities, ETFs 🏛️ Visit Broker
4.7/5
Minimum Deposit Regulators Islamic Account Leverage
RoboForex was founded in 2009 and is based in Cyprus.
RoboForex Group provides Forex brokerage services to approximately 800 000 traders in 170 countries globally.
RoboForex offers a massive number of financial instruments and provides good multilingual support.
RoboForex Pros and Cons:
| ✔️Pros | ❌Cons |
| Orders executed quickly | Lacks FCA regulation |
| Account creation is fully digital | Lacks fixed spread accounts |
| 50% profit sharing with Affiliate program |
IronFX
Overall Rating USD 100 FCA, CySEC, ASIC 📱 Platforms MT4, IronFX PMAM Platform, TradeCopier ₿ Crypto No 💵 Account Currency USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK Yes 1:1000 🛒 Instruments Forex, Indices, Metals, Commodities, Futures, Shares 🏛️ Visit Broker
4.6/5
Minimum Deposit Regulators Islamic Account Leverage
IronFX was launched in 2010 and is an award-winning broker that caters to retail and corporate traders respectively.
More than 1 million traders trust IronFX, and clients can choose from 4 different account types designed around either fixed and floating spreads, or STP and ECN trading.
The IronFX introduces new traders to the markets through a series of guides and trading tutorials, and more experienced traders have access to advanced tools and features.
The website is well-developed and easy to navigate, and IronFX is regulated by CySEC, the FCA, and ASIC.
IronFX Pros and Cons:
| ✔️Pros | ❌Cons |
| Low spreads, starting at 0.0 pips | High-volume traders do not get discounts |
| More than 40 international rewards received | Paypal deposits not accepted |
| Fixed spreads offered | |
| Zero-commission trading on most accounts |
HFM (HotForex)
Overall Rating USD 5 FCA, FSA, FSCA, DFSA, CySEC, FSC 📱 Platfoms MT4, MT5 ₿ Crypto No 💵 Account Currency USD, ZAR, USD, NGN Yes 1:1000 🛒 Instruments Forex, Metals, Energies, Indices, Shares, Commodities, Bonds, Stocks, ETFs 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
HFM offers 5 accounts that can be funded using USD, USD, NGN and ZAR, and is regulated by FCA, FSCA, DFSA FSA.
HFM is suitable for beginners and provides videos, courses and webinars for inexperienced traders.
HFM clients benefit from its loyalty program and promotional bonus offerings, as well as a unique reward system where bars can be exchanged for credit bonuses, cash or trading services.
HFM Pros and Cons:
| ✔️Pros | ❌Cons |
| 5 account types | High trading fees |
| Low minimum deposit | Penalty fees |
| 18 unique trading tools | 4 base currencies |
| Negative Balance Protection |
OANDA
Overall Rating Open and fund your OANDA account (min$25) and get a welcome bonus up to $5,000!
3.9/5
OANDA is trusted by leading organisations such as airbnb, Twitter, Expedia, TESLA and PWC.
Traders can open a demo account or they can open a live account and trade on MetaTrader 4 or OANDA API, which is OANDA’s proprietary platform.
OANDA offers advanced charting tools, technical analysis, Algo Lab for Algorithmic traders, along with updated feeds on industry news and economic events.
OANDA is partnered with Mutlicharts, MotiveWave, and Beeks VPS.
OANDA Pros and Cons:
| ✔️Pros | ❌Cons |
| Highly regulated with a good reputation | Regulation differs from one jurisdiction to the next |
| High-volume traders can use the Active Trader account | Trading conditions depend on jurisdiction |
| No minimum deposit | Customer support is not 24/7 |
| Negative Balance protection |
OctaFX
Overall Rating USD 100 FSA, SVGFSA 📱 Platforms MT4, MT5, OctaFX app ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:500 🛒 Instruments Forex, CFDs, Stocks, Commodities, Cryptocurrencies 🏛️ Visit Broker
3.7/5
Minimum Deposit Regulators Islamic Account Leverage
OctaFX offers 3 different accounts based on the platform chosen and traders can choose between MetaTrader4, MetaTrader 5 and cTrader accounts.
OctaFX offers tight spreads, starting at 0.6, along with flexible leverage options.
For traders of the Muslim faith, the MetaTrader 4 account can be converted to a swap-free Islamic account.
Hedging and scalping are allowed and OctaFX facilitates trading with Expert Advisors.
OctaFX supports Copy Traders and all traders can benefit from regular promotions and the referral program.
The OctaFX website is easy to navigate and there is a variety of educational resources for beginners, as well as a set of advanced trading tools such as Autochartists, for more experienced traders.
OctaFX Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | Limited product offering |
| Tight spreads | Only 2 base currencies accepted |
| CopyTrader-friendly | |
| Compatible with popular platforms |
FBS
16,000,000+ Traders Overall Rating USD 1 CySEC, IFSC, FSCA, ASIC 📱 Platfroms MT4, MT5, FBS trader, CopyTrade ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:30 🛒 Instruments Forex, Indices, Stocks, Metals, Energies, Crypto Welcome bonus 🏛️ Visit Broker FBS has launched a new type of account specifically for trading cryptocurrencies. The new Crypto account has over 100 instruments with digital currencies. BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments.
4.7/5
Minimum Deposit Regulators Islamic Account Leverage
FBS is a highly regulated CFD and Forex broker and offers high maximum leverage of 1:3000 for more experienced traders.
Offices are based in China, Egypt, Indonesia, Korea, Malaysia, and Thailand, but unfortunately, US traders cannot access the FBS servers.
The website can be viewed in more than 15 international languages, and the multilingual customer support team can be reached via email, forum, live chat, telephone, web forms, office visits, and callbacks.
VPS is offered for free for deposits exceeding $450, and traders have access to promotional offers, trading contests, and personal managers.
FBS Pros and Cons:
| ✔️Pros | ❌Cons |
| Flexible account options | Limited product offering |
| Copy trader-friendly | Only 2 base currencies supported |
| Compatible with MetaTrader platforms | Swap Free option is not available for trading on “Forex Exotic” |
| Plenty of promotions and bonuses |
TIO Markets
Overall Rating USD 50 FCA 📱 Platforms MT4, MT5 ₿ Crypto No 💵 Account Currency USD, GBP, EUR, CAD, AUD, CZK, ZAR, BTC, ETH, UST Yes 1:500 🛒 Instruments Forex, Stocks, Energies, Indices, Metals 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
TIO Markets is based in Cyprus and the UK and is an FCA- and FSA-regulated broker with an excellent VIP trader account.
The website can be viewed in several international languages and customer support can be reached via email, web forms, telephonically and live chat.
Trading accounts can be funded using EUR, GBP and USD, and more than 100 currency pairs are offered.
Unfortunately, US citizens cannot use TIO Markets and Islamic accounts are not provided.
TIO Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| No fees on deposits and withdrawals | No Islamic accounts |
| Allows EA and automated trading | Not available to US citizens |
| 120 currency pairs | |
| Fixed spreads |
XM
Overall Rating USD 5 ESMA, CySEC, ASIC, FCA, IFSC, DFSA 📱 Platforms Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform ₿ Crypto No 💵 Account Currency USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB Yes 1:1000 🛒 Instruments Commodities, Forex, Stocks, Crypto, Metals, Shares, Energies 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
XM is a multi-regulated Forex broker that was founded in 2009 and is trusted by 5 million traders worldwide.
XM is regulated by the ASIC, IFSC, DFSA and CySEC, and has accumulated a total of over 20 rewards for exceptional services and products over the last decade.
XM is available to 196 countries and the live account can be used to use 16 platforms and trade more than 1,000 instruments.
The XM customer support is fully multilingual and is available 24/5, in 30 international languages.
XM provides a comprehensive library of educational content for new traders, as well as a variety of research and analysis tools that can be used to improve trading strategies and performance.
XM Pros and Cons:
| ✔️Pros | ❌Cons |
| User-friendly website | Fixed spreads not offered |
| Low minimum deposit | Not available to US clients |
| Negative Balance Protection | Inactivity is penalised |
| Promotions and signup bonuses |
easyMarkets
Overall Rating USD 25 CySEC, ASIC, FSA 📱 Platforms MT4, TradingView, easyMarkets app ₿ Crypto Yes 💵 Account Currency EUR, CAD, CZK, JPY, NZD, USD, SGD, CHF, GBP, MXN, AUD, PLN, TRY, CNY, HKD, NOK, SEK, ZAR, BTC Yes 1:400 🛒 Instruments Forex, Shares, Crypto, Metals, Commodities, Indices 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
As an easyMarkets client, you will also be able to choose from 3 different platforms, including MT4, TradingView and the proprietary easyMarkets app.
easyMarkets provides trading guides, eBooks and other learning material for beginners and we recommend trying this broker if you are new to trading.
easyMarkets Pros and Cons:
| ✔️Pros | ❌Cons |
| No slippage | No US clients |
| Fixed spreads | |
| Unique features |
Conclusion
Trading with a broker that offers a deposit bonus is one of the easiest ways to boost your account balance without actually depositing more money into it. You will need to fund your account but every time you do, you will get something extra.
Some brokers offer more than one type of bonus so if you can find one that offers a deposit bonus and a welcome bonus, you can get a headstart on your trading career by making a first-time deposit that will give you a generous bonus.
We hope that this review of the 15 Best Deposit Bonus Forex Brokers will help you find a broker that aligns with your trading goals so that you can trade with confidence.
Good luck with your trading!
FAQ
What is a deposit bonus?
A deposit bonus is credited to your account when you fund it. Some brokers will reward you for every deposit you make and the value of your bonus usually scales depending on how much you deposit.
How to get a deposit bonus?
To claim your deposit bonus, you must first open a live account with a broker and complete the full registration process. Once you are ready to make a deposit, simply fund your account and claim your bonus.
