Some brokers will reward you with a no-deposit bonus every time you fund your account or offer a welcome bonus. In this article, we reveal our 15 Best NO Deposit Bonus Forex Brokers and we review the features, trading conditions and instruments these brokers offer.
What is a No deposit bonus?
Most Forex brokers offer some kind of bonus. A No deposit bonus is credited to your account independently and does not require you to make a deposit.
A no deposit bonus gives you an opportunity to trade risk-free without initially depositing capital and this type of bonus is usually a welcome bonus that is credited to your account once your account is registered and verified.
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 is an award-winning broker that has more than 7 million clients.
InstaForex offers several trading bonuses and if you register with InstaForex Club, then you can further increase your rewards.
InstaForex accounts can also be used for copy trading and news trading.
InstaForex Pros and Cons:
| ✔️Pros | ❌Cons |
| Beginner-friendly | 2 account currencies |
| Scalping allowed | No USA clients |
| Negative Balance Protection | High withdrawal fees |
| Many trading bonuses | Inactivity fees |
FXGiants
FXGiants is a licensed and regulated broker that was founded in 2015 and is based in London.
FXGiants offers 6 types of accounts, fixed spreads and commission-free trading.
FXGiants offers several trading bonuses and beginners can use a demo account or join the copy trading programme.
FXGiants Pros and Cons:
| ✔️Pros | ❌Cons |
| Copytrading platform | High minimum deposit |
| Tight spreads | Only 1 platform |
| Multiple accounts | |
| Promotional offers |
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
With FBS, you can start trading with as little as 1 USD (using EUR or USD to fund your account) and you will be able to trade Stocks, Energies, Indices, Forex, Metals and Crypto.
This broker offers a total of 5 unique trading accounts and is compatible with MetaTrader 4 and 5, FBS Trader and the CopyTrade app.
FBS is trusted by millions of traders worldwide and has received many rewards since 2009.
FBS Pros and Cons:
| ✔️Pros | ❌Cons |
| Suitable for copytrading | 2 funding currencies |
| Low minimum deposit | |
| Many regulations | |
| Trading bonuses |
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
You can start trading with XM by depositing only 5 USD to activate your live trading account. This broker accepts CHF, EUR, RUB, GBP, AUD, JPY, HUF, USD and PLN as funding currencies and a maximum leverage of 1:888 is available.
XM offers trading bonuses and a signup bonus and more than 1,000 instruments can be traded using this broker.
XM Pros and Cons:
| ✔️Pros | ❌Cons |
| 5mil+ clients | No fixed spreads |
| Great product offering | No US clients |
| Negative Balance Protection | Inactivity fees |
| Trading bonuses |
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 is a beginner-friendly broker that is regulated by several entities, including CySEC and FCA.
This broker provides access to Autochartist and FIX API, and also allows the use of Pelican trading tools, VPS and Myfxbook.
Tickmill Pros and Cons:
| ✔️Pros | ❌Cons |
| Negative Balance Protection | No clients from USA allowed |
| MetaTrader support | No fixed spreads offered |
| Commission-free trading | No crypto trading |
| Many regulations | |
| Flexible account options |
Axi
USD 0 ASIC, FCA 📱 Platforms MT4, Myfxbook, PsyQuation ₿ Crypto Yes 💵 Account Currency AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD Yes 1:400 🛒 Instruments Forex, Cryptocurrencies, Metals, Indices, Commodities 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
Axi does not require an initial deposit, but accounts can be funded using AUD, JPY, CAD, NZD, EUR, CHF, PLN, HKD, SGD, GBP or USD.
Axi provides demo accounts and swap-free accounts and offers Joint accounts, Corporate accounts and Individual accounts that all have competitive trading conditions.
This broker can be used with popular platforms like Myfxbook, Zulutrade (copy trading platform) and PsyQuation.
Axi Pros and Cons:
| ✔️Pros | ❌Cons |
| No min. deposit | Low maximum leverage |
| Tight spreads | Account creation could take up to 3 days |
| No inactivity fees | |
| 5+ base currencies |
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
easyMarkets supports multiple platforms, such as MetaTrader 4 and TradingView, and also provides a proprietary app for trading.
This broker is regulated by 3 top-tier agencies and offers a maximum leverage of 1:400, as well as negative balance protection.
easyMarkets is a great option if you are new to trading and they offer special features like “dealCancellation” and “Freeze Rates”.
easyMarkets Pros and Cons:
| ✔️Pros | ❌Cons |
| 15+ base currencies | No USA clients accepted |
| Fixed spreads offered | |
| Low minimum deposit |
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 (formerly HotForex) was founded in 2010 and has more than 3.5 million clients.
HFM is regulated by 5+ international organizations and is a low-risk, beginner-friendly broker.
HFM clients have access to Autochartist, VPS services, many bonus offerings and tight spreads.
HFM Pros and Cons:
| ✔️Pros | ❌Cons |
| 3 mil+ clients | 4 base currencies |
| Free deposits | Inactivity fees |
| 1,200+ instruments | |
| Bonus offers |
Axiory
USD 0 IFSC, MFSC, FCA 📱 Platforms MT4, MT5, cTrader, Axiory CopyTrade App ₿ Crypto No 💵 Account Currency EUR, USD Yes 1:777 🛒 Instruments Forex, Gold, Metals, Energies, Oil, CFD indices, CFD stocks, ETFs 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
Axiory was founded in 2011 and is regulated by MFSC, FCA and IFSC.
No minimum deposit is required to open an account with Axioryand they offer 5 types of trading accounts.
Axiory also offers tight spreads on a variety of Energies, Gold, ETFs, Forex, Metals, Oil, CFDs, CFD stocks and indices.
Axiory Pros and Cons:
| ✔️Pros | ❌Cons |
| Negative balance protection | 2 base currencies |
| No minimum deposit | No US clients |
| Tight spreads | No cryptocurrencies |
| Many platforms | |
| Beginner-friendly |
Windsor Brokers
Windsor Brokers is an award-winning Forex broker that was founded in 1988 in Limassol, Cyprus.
Windsor broker offers 2 types of trading accounts and a minimum deposit of 100 USD is required to trade with them.
Accounts can be funded using GBP, USD, EUR and JPY, and they offer a variety of Indices, Energies, Shares, Commodities, Metals, Treasuries, Cryptocurrencies and Forex.
Windsor Brokers is regulated by CMA, FSC, JSC, FSA and CySEC.
Windsor Brokers Pros and Cons:
| ✔️Pros | ❌Cons |
| Many regulations | 4 base currencies |
| Beginner-friendly | |
| MetaTrader support |
Milton Prime
Milton Prime was founded in 2015 and they offer commission-free trading.
Milton Prime offers a wide range of Forex pairs, stocks, indices and cryptocurrencies that you can trade on the MT4 and 5 platforms.
There are two types of accounts that you can open with Milton Prime – one for trading and one for investing.
They also provide plenty of resources and educational content to help beginners learn the basics of trading.
Milton Prime Pros and Cons:
| ✔️Pros | ❌Cons |
| Tight spreads | Limited info on accounts |
| NDD execution | |
| Beginner-friendly | |
| FSA and FSC-regulated |
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 is an IFSC and CySEC-regulated forex broker that was founded in 2009.
RoboForex offers 5 types of trading accounts.
A minimum deposit of only 10 USD is required to trade with them and accounts can be funded using GOLD, USD, EUR, BTC, CNY or RUB.
As a RoboForex client, you will be able to trade on MT4, MT5, cTrader and R Stocks Trader, and they offer a variety of Forex, Commodities, Metals, Indices, ETFs and Stocks.
RoboForex Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | No USA clients |
| Multiple platforms | |
| Beginner-friendly | |
| Negative Balance Protection | |
| Free VPS server |
GO Markets
Overall Rating USD 200 FSC, ASIC, AFSL 📱 Platforms MT4, MT5, GO Webtrader Yes 💵 Account Currency AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD No 1:500 🛒 Instruments Forex, Shares, Indices, Metals, Commodities
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
GO Markets was founded in 2006 and is based in Australia.
GO Markets is a great option for beginners and offers a variety of Forex pairs, Indices, Commodities, Metals and Shares.
GO Markets is regulated by FSC, ASIC and AFSL.
GO Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| ASIC-regulated | No swap-free account |
| 6+ account currencies | Inactivity fees |
| Free VPS |
FxPlayer
FxPlayer is a low-cost NDD broker that was founded in 2014.
They offer commission-free trading and 6 types of accounts, and you can trade a variety of Forex pairs, commodities and indices.
The minimum deposit required to open an account is $50 and a maximum leverage of 1:200 is allowed on accounts.
FxPlayer Pros and Cons:
| ✔️Pros | ❌Cons |
| 6 account types | Not regulated |
| Commission-free trading | |
| Trading bonuses |
Velocity Trade
Velocity Trade is an ASIC and ASX-regulated Forex broker that was founded in 2007.
Velocity Trade is also regulated by FCA, FSCA, TMX and IIROC.
Velocity Trade offers a wide range of Forex pairs, equities, commodities, futures and margin products and you can trade on the proprietary mobile app.
Velocity Trade Pros and Cons:
| ✔️Pros | ❌Cons |
| Many regulations | Account info not readily available |
| Proprietary mobile app | |
| 24-hour Trading Desk |
Conclusion
Opening an account with one of our top no deposit bonus brokers will give you an opportunity to trade in real markets using real money, without making a deposit. All you need to do is register and verify your account.
One of the benefits of trading with a no deposit bonus broker is that you can use risk-free capital to get a feel for the markets and this deposit can also be used as a way to boost your initial deposit.
We hope that this review of the 15 Best NO 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!
