Forex trading is risky and challenging, especially for beginners without experience and knowledge. That’s why some forex brokers offer no-deposit bonuses to new clients who want to start trading without risking their own money.
A forex no-deposit bonus can be used to trade on a live account, subject to certain terms and conditions:
- Some brokers offer high bonuses with strict conditions, such as high trading volume or limited withdrawal options.
- The bonus may expire after a certain period of time.
- Check if you can withdraw the bonus or only the profits you make from it.
- The bonus may have restrictions on the trading instruments, leverage, lot size, spread, or for withdrawing the profits you make from it.
Here’s a review of 5 of the top brokers that offer a forex no-deposit bonus:
- HFM is a regulated broker that offers a $30 forex no-deposit bonus to new clients, valid for 60 days and can be used to trade on over 200 instruments, including forex, metals, indices, commodities, and cryptocurrencies. The maximum leverage is 1:500 and the minimum lot size is 0.01. The bonus can be withdrawn after completing 5 standard lots of trading volume and making at least $60 of profit. HFM charges no fees or commissions for trading or withdrawing.
- Exness is a regulated FSCA registered broker that offers a $100 no-deposit bonus to newly registered clients, valid for 30 days and can be used to trade on over 120 instruments, including forex, metals, indices, commodities, and cryptocurrencies. The maximum leverage is 1:2000 and the minimum lot size 0.01. The bonus can be withdrawn after completing 5 standard lots of trading volume and making at least $100 of profit. Exness charges no fees or commissions for trading or withdrawing.
- Avatrade is a regulated broker that offers a $50 no-deposit bonus to newly registered clients. The bonus is valid for 90 days and can be used to trade on over 250 instruments, including forex, metals, indices, commodities, stocks, ETFs, and cryptocurrencies. The maximum leverage is 1:400 and the minimum lot size is 0.01. The bonus can be withdrawn after completing 10 standard lots of trading volume and making at least $100 of profit. Avatrade charges no fees or commissions for trading or withdrawing.
- IC Markets is a regulated broker that offers a $10 no-deposit bonus to newly registered accounts. The bonus is valid for 30 days and can be used to trade on over 230 instruments, including forex, metals, indices, commodities, stocks, bonds, futures, and cryptocurrencies. The maximum leverage is 1:500 and the minimum lot size is 0.01. The bonus can be withdrawn after completing 1 standard lot of trading volume and making at least $10 of profit. IC Markets charges no fees or commissions for trading or withdrawing.
- Pepperstone is a regulated broker that offers a $25 no-deposit bonus to newly registered clients, valid for 30 days and available to trade on over 180 instruments, including forex, metals, indices, commodities, stocks, and cryptocurrencies. The maximum leverage is 1:500 and the minimum lot size is 0.01. The bonus can be withdrawn after completing 2.5 standard lots of trading volume and making at least $25 of profit. Pepperstone charges no fees or commissions for trading or withdrawing.
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