17 🥇 Best Forex NO DEPOSIT Bonus ( Reviewed ) 2020

Forex No Deposit Bonus

Below you will find a comprehensive list of some of the Best Forex NO DEPOSIT Bonus in the trading market, according to research in South Africa. 

Claim your bonus now through one of these trusted forex brokers. 

This list is not meant to be a ranking but rather a comprehensive list of good discount brokers in the marketplace.

Good luck and good trading.

No Deposit Forex BrokersWelcome Bonus AmountClaim Bonus Here
🥇FBS$100 ✔️Claim Bonus Here
🥈Tickmill$30✔️Claim Bonus
🥉 RoboForex$30✔️Claim Bonus Here
📢 XM$30🔥Claim Bonus Here
📢 Markets.com10% Bonus Deposit🔥Claim Bonus Here
📢 ForexTime$10🔥Claim Bonus
📢 OctaFX$8🔥Claim Bonus

XM.com Review

XM

Having won the COLWMA (City of Wealth Management Awards) awards in 2020 for being the top Forex broker, XM was established in 2009 and have since grown to offer services to an excess of 3 Million customers.

XM is an attractive broker to traders of any experience level and offers a vast library of training and educational material with the focus leaning more to the novice trader. Using the mobile platform is much better than the web platform.

User registration is quick and easy and users will receive a bonus of $30 once creating their account which they can use to get their trading off the ground.

User tech support is timeous but not always specific enough to solve problems.

Bonus and offers

 

*as at 30 April 2020

No Deposit Bonus & Terms Deposit Bonus Promotion
$30 100% up to $500

20% up to $4500

Anniversary

Lucky draw prizes worth $1,000,000

Pros and Cons

 

Pros Cons
Automatically credited New clients only
All profits can be withdrawn Bonus is non withdrawable
No deposit required

 
FXTM Review

FXTM

 

Creating employment to 800 individuals and a client base of over 2 000 000 users, FXTM have been around since 2011

With specific effort being places on ensuring that the beginner trader finds their feet as soon as possible, FXTM provides extensive training material to help every beginner trader find their feet.

User registration is a basic process and users will receive a no deposit bonus of $30 to help get their trading career off the ground.

Customer tech support is amazing and is available around the clock to assist with technical issues that may occur on the web and mobile platforms.

No Deposit Forex BrokersWelcome Bonus AmountClaim Bonus Here
🥇FBS$100 ✔️Claim Bonus Here
🥈Tickmill$30✔️Claim Bonus
🥉 RoboForex$30✔️Claim Bonus Here
📢 XM$30🔥Claim Bonus Here
📢 Markets.com10% Bonus Deposit🔥Claim Bonus Here
📢 ForexTime$10🔥Claim Bonus
📢 OctaFX$8🔥Claim Bonus

Bonus and offers

 

*as at 30 April 2020

No Deposit Bonus & Terms Deposit Bonus  Promotion
$30 $30 FXTM loyalty programme has regular promotions

Pros and Cons

 

Pros Cons
Thank you bonus for signing up Unclear communication – appears to be a no deposit bonus
$100 deposit required within 6 months of signing up

XTB Review
 

XTB

 

Trading since 2002, XTB have earned a trusted reputation in the market as a broker that offers a wide product portfolio.

User account opening is painless, and users will be happy to know this trader offers no deposit bonuses occasionally – they are known to range between $30 and $40.

Educational and research tools are tailored more for novice traders and customer tech support give quick and applicable responses.

 

Bonus and offers

 

*as at 30 April 2020

No Deposit Bonus & Terms Deposit Bonus  Promotion
$30 to $40 Active trader rewards

Pros and Cons

 

Pros Cons
Active trader rewards such as cashback is offered Can’t get easy access to T&Cs for cashback rewards
No deposit bonus doesn’t run throughout the year

 

 

No Deposit Forex BrokersWelcome Bonus AmountClaim Bonus Here
🥇FBS$100 ✔️Claim Bonus Here
🥈Tickmill$30✔️Claim Bonus
🥉 RoboForex$30✔️Claim Bonus Here
📢 XM$30🔥Claim Bonus Here
📢 Markets.com10% Bonus Deposit🔥Claim Bonus Here
📢 ForexTime$10🔥Claim Bonus
📢 OctaFX$8🔥Claim Bonus

 

AvaTrade Review Islamic south africa

 

Avatrade

 

Facilitating more than two million trades a month, Avatrade have been a forex broker since 2006 and have more than 200 000 registered traders.

With a keen focus on providing training and education for novice traders, Avatrade provide an amazing library of material and web and mobile platforms that provide a good trading experience.

Account registration is effortless and Avatrade has account options that could provide traders with a spread as low as 0.9. Client support is available through email, telephone and live chat and provides a good service.

Bonus and offers

 

*as at 30 April 2020

No Deposit Bonus & Terms Deposit Bonus  Promotion
None Variety of bonuses offered Not available

Deposit bonus

 

Deposit Bonus
$100 – 300 100%
$301 – 1999 $300
$2000 – 2999 $800
$3000 – 4999 $1200
$5000 – 9999 $2000
$10 000 – 19 999 $4000
$20 000 – 39 999 $8000
$ 40 000 and above $16 000

Pros and Cons

 

Pros Cons
Credited immediately after application is approved During promotion periods only
Withdrawal of bonus allowed after a minimum trading volume of 10,000 base currency for every 1 base currency bonus within 6 months If you fail to trade the required amount in 6m the bonus is cancelled and removed from your account
Traders from the following countries are not eligible: European countries, Canada, Japan, Bangladesh, China, Hong Kong, Indonesia, Iran, Macao, Malaysia, Mongolia, Pakistan, Taiwan, Thailand and Vietnam.

IG Group Review
No Deposit Forex BrokersWelcome Bonus AmountClaim Bonus Here
🥇FBS$100 ✔️Claim Bonus Here
🥈Tickmill$30✔️Claim Bonus
🥉 RoboForex$30✔️Claim Bonus Here
📢 XM$30🔥Claim Bonus Here
📢 Markets.com10% Bonus Deposit🔥Claim Bonus Here
📢 ForexTime$10🔥Claim Bonus
📢 OctaFX$8🔥Claim Bonus

IG

 

IG are known for always putting the customer first and want to be the market leaders in CFD instruments.

Traders will have access to a great web platform with capable tools and account options with spreads as low as 0.6 for certain instruments.

Registering an account is easy but has a long confirmation process. Tech support are timeous and capable with their help.

 

Bonus and offers

 

*as at 30 April 2020

No Deposit Bonus & Terms Deposit Bonus  Promotion
None 10% Welcome bonus on deposit

Pros and Cons

Pros Cons
10% bonus up to $2500 deposited Offered from time to time
Deposited after application approved Only profits can be withdrawn
Promotion can be withdrawn by Broker

 

Read 17 Best Cryptocurrency Trading Platforms and Brokers here

AAFX Review
 

AAFX Trading

 

AAFX trading are an up and coming brokerage offering Forex and CFD trading on a variety of platfoms including MetaTrader 4. They are a fully licensed and regulated company and offer standard bonuses – no deposit bonuses are not offered by this broker.

 

Bonus and offers

 

*as at 30 April 2020

No Deposit Bonus & Terms Deposit Bonus  Promotion
None 35% Welcome bonus

Pros and Cons

 

Pros Cons
35% bonus – min deposit is 500 USD/EUR Lengthy T&Cs
Deposited after application and manager approval Trading volume has to be reached to unlock the bonus
All deposits (unless otherwise stated in promotion) must be received in first 24 hours of bonus being approved

No Deposit Forex BrokersWelcome Bonus AmountClaim Bonus Here
🥇FBS$100 ✔️Claim Bonus Here
🥈Tickmill$30✔️Claim Bonus
🥉 RoboForex$30✔️Claim Bonus Here
📢 XM$30🔥Claim Bonus Here
📢 Markets.com10% Bonus Deposit🔥Claim Bonus Here
📢 ForexTime$10🔥Claim Bonus
📢 OctaFX$8🔥Claim Bonus
Instaforex Review

InstaForex

 

Considered one of the best brokers in Europe, InstaForex offers some of the best bonuses on the market today.

The company is regulated by the Financial Services Commission (FSC) under the Securities and Investment Business Act (SIBA), the British Virgin Islands (BVI).

One can’t help but be impressed when interacting with this broker; their brand is innovative and certainly reels you in with attractive offers such as winning a Ferrari and their sponsorships of sports teams and sporting personalities.

But is there any substance behind the pizzaz? As with everything there are pros and cons to trading with every broker.  You will be glad to hear that customers consistently rate InstaForex for having reasonable spreads, a stable trading platform and excellent customer support.

Their education and training materials are also very good for beginners.

Bonus and offers

 

*as at 30 April 2020

No Deposit Bonus & Terms Deposit Bonus  Promotion
10% 100%

Pros and Cons

 

Pros Cons
100% bonus for signing up with a deposit up to $2000 The bonus can be cancelled without prior notice
Withdraw profit from bonus without restrictions
55% bonus when you replenish your account

Golden Tradex Review
 

Golden Tradex

 

While Golden Tradex has a great no deposit bonus, we suggest you exercise some caution and find out more about them.

They are a new broker trading under the name Evest Group an Australian broker; however, indications show they used to trade under the name FXReino.

We cannot provide a full review at this time due to the concerns above. If you would like to trade with them, we suggest testing them out first with some less risky trades and low amounts.

They do offer the MetaTrader platform and promise to provide excellent trading conditions.

No Deposit Forex BrokersWelcome Bonus AmountClaim Bonus Here
🥇FBS$100 ✔️Claim Bonus Here
🥈Tickmill$30✔️Claim Bonus
🥉 RoboForex$30✔️Claim Bonus Here
📢 XM$30🔥Claim Bonus Here
📢 Markets.com10% Bonus Deposit🔥Claim Bonus Here
📢 ForexTime$10🔥Claim Bonus
📢 OctaFX$8🔥Claim Bonus

Bonus and offers

 

*as at 30 April 2020

No Deposit Bonus & Terms Deposit Bonus  Promotion
$30

Pros and Cons

Pros Cons
$30 trading bonus for $0 deposit when opening an account for the first time T&C’s link does not work on the website
Credit happens instantly 30-day limit to claim bonus
All profits can be withdrawn Can be cancelled with no notice

OctaFX Review South Africa

OctaFX

OcatFX offers very low spreads and has award-winning trading conditions.  They are a solid provider of CFD and Forex trading in over 100 countries and recently won the Best Forex Broker Asia 2019 award.

OctaFX offers several different assets which include Forex, metals, and crypto with CFD markets. They are a MetaTrader 4 platform broker and also offer cTrader, which is the  alternative to MetaTrader.

OctaFX is running a campaign during the COVID-19 pandemic (valid until 22 May 2020). The Campaign consists of five different offers to gain from cash rewards and a 100% Bonus.

Bonus and offers

 

No Deposit Bonus & Terms Deposit Bonus  Promotion
100%

50% copy trading bonus

Covid-19 Charity cash rewards and bonus

Regular contents with cash prizes

Pros and Cons

 

Pros Cons
100% Bonus on deposit – Min deposit is $50 T&Cs not available
Weekly demo contests offering real money $500 to1000 weekly prizes
With every traded lot they give 0.2 USD to charity

RoboForex Review

RoboForex

 

RoboForex is over a decade old and is a solid broker regulated by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Their industry awards including the Best Global Forex 2019 Award winner and the Manchester Investor Show Best Crypto Broker Winner 2018, making RoboForex a solid choice.

The signup process is effortless, however you will need to wait a few days for compliance documents to be authorized before trading.

They are known to provide good response times from their friendly customer support employees.

Bonus and offers

 

*as at 30 April 2020

No Deposit Bonus & Terms Deposit Bonus  Promotion
$1000

Pros and Cons

 

Pros Cons
Deposit bonus of $1000 is credited – min deposit $1000 Can only withdraw bonus amount after the lot trading requirements are met
Easy bonus calculator provided on website A non-deposit bonus is unclear
All trading accounts are eligible
Offer never expires

 

A review of FP Markets
 

FP Markets

 

FP Markets is a reputable broker and is regulated by the Australian ASIC and the Cypriot CySEC. FP Markets provides Stocks, Forex, CFDs and cryptocurrencies.

Established in 2005, FP Markets has a strong history in the industry.

FP Markets uses the following popular platforms: MetaTrader 4, MetaTrader 5, and the Iress active trader platform.

Their trading tools, education and resources are considered high quality.

You will be able to access live support via the web as well as email and telephone, 24/5.

 

Pros and Cons

 

Pros Cons
Forex Fees are low Stock CFD fees on the high side
Quick account opening MT4 web and desktop platform design is outdated
Easy deposit and withdrawals
No min deposit

 

Bonus and Offers

 

NO DEPOSIT BONUS DEPOSIT BONUS PROMOTIONS
None $30 bonus welcome pack – when available

 

A review about Globex360
 
No Deposit Forex BrokersWelcome Bonus AmountClaim Bonus Here
🥇FBS$100 ✔️Claim Bonus Here
🥈Tickmill$30✔️Claim Bonus
🥉 RoboForex$30✔️Claim Bonus Here
📢 XM$30🔥Claim Bonus Here
📢 Markets.com10% Bonus Deposit🔥Claim Bonus Here
📢 ForexTime$10🔥Claim Bonus
📢 OctaFX$8🔥Claim Bonus

Globex360

 

Globex360 provides trading with Forex and CFDs, indices, precious metals, energy and cryptocurrencies.

Founded in 2017 the broker has expanded across the globe and is available in many countries including South Africa, Kenya, Nigeria and Botswana.

Although they have limited financial trading instruments, Globex360 is a popular broker in South Africa using the MT4 platform and providing Islamic accounts.

 

Pros and Cons

 

Pros Cons
Regulated in South Africa by FSCA Educational resources are thin
Islamic accounts Is not the cheapest
MetaTrader 4 platform
Social copy trading
Exclusive partner mobile app

 

Bonus and Offers

 

NO DEPOSIT BONUS DEPOSIT BONUS PROMOTIONS
Occasionally offer Black Friday bonus Partner bonus of up to $3000 per month
24hr withdrawal guarantee – 10% of withdrawal amount paid if takes longer

 

A review about Olymp Trade
 

Olymp Trade

 

Olymp Trade has been around since 2014, despite its youth the broker has + 25 000 traders on its platform daily.

The broker offers stocks, Forex, ETFs, commodities and cryptocurrencies for trading, with a variety of fees and spreads depending on the account.

Known to be popular with beginner day traders and experienced traders, Olymp Trade uses its own proprietary platform which is easy to use and find the information you need quickly.

Customer service is good and they have a great traders club for sharing and discussions, as well as excellent learning resources about Forex.

 

Pros and Cons

 

Pros Cons
Low minimum deposit Customer service takes a while to get response
Great for beginners Delays when executing trades
Platform is customizable Not registered with a Tier-1 regulatory body
VIP account has perks
Accepted in South Africa

 

Bonus and Offers

 

NO DEPOSIT BONUS DEPOSIT BONUS PROMOTIONS
Free demo account

Promo codes with bonuses up to 50%

100% + 30% on your first deposit (valid until 31 Dec 2020) N/A

 

A review about ForexChief
 

ForexChief

 

ForexChief provides 35+ Forex pairs, gold, silver, oil, cryptocurrencies for investments or trading.

With offices in Singapore, Russia and Switzerland, ForexChief is relatively new in the market having only been founded in 2014. You can trade using the MetaTrader 4 or MetaTrader 5 platforms.

The company offers attractive bonuses and contests with real money prizes, however there is concern over the fact they are not strictly regulated.

Although they provide excellent trading conditions, we recommend trading with caution especially if you are a beginner.

 

Pros and Cons

 

Pros Cons
Islamic Accounts Not enough Forex trader reviews to call this a safe broker
Fast deposit and withdrawal Not regulated by a Tier-1 jurisdiction
Low spreads
Live chat facility

 

Bonus and Offers

 

NO DEPOSIT BONUS DEPOSIT BONUS PROMOTIONS
None Welcome bonus up to 100% of the first deposit N/A
Maximum bonus is equal to $500

 

A review about Tickmill
 

Tickmill

 

Tickmill is a broker that was created for traders by actual traders and offers attractive trading conditions for Forex, stock indices and oil, precious metals and bonds.

They boast +110 000 clients with +215 Million trades executed and are known for providing great customer service.

Founded in 2014, Tickmill offers MetaTrader 4 and Webtrader platforms only, however they do provide fast trading executions which is an important criteria for selecting a Forex broker.

The broker is regulated by the FSA SC, FSA UK (Tier-1 Jurisdiction) and CySEC.

 

Pros and Cons

 

Pros Cons
Welcome bonus of $30 Only MetaTrader 4 platform
Great research tools Not offer Cryptocurrencies
Islamic accounts
Best pricing on VIP account
No fees on deposits and withdrawals

 

Bonus and Offers

 

NO DEPOSIT BONUS DEPOSIT BONUS PROMOTIONS
$30 welcome Account N/A Offers multiple promotions including: trader of the month; NFP machine, IB contest and rebate promotion

 

A review about FXOpen
 

FXOpen

 

FXOpen originally started in 2005 as an information centre for traders, the company quickly expanded to become a full Forex broker.

The company offers Forex and cryptocurrency trading only allowing this focus to earn the respect of traders around the globe.

With ECN trading, STP, Micro and free demo accounts, FXOpen offers low commissions and spreads, as well as good trading conditions on the MetaTrader 4 and MetaTrader 5 platforms.

Their customer support is responsive over different communication platforms like Facebook messenger, WhatsApp, Telegram, WeChat, Viber, Skype, Twitter and Line.

 

Pros and Cons

 

Pros Cons
Crypto deposits allowed Fees are a bit pricey
Competitive spreads Mixed reviews and ratings
Low commissions Withdrawal fees
Transparency in pricing No US accounts
Good customer service

 

Bonus and Offers

 

NO DEPOSIT BONUS DEPOSIT BONUS PROMOTIONS
$10 for STP accounts $1 Welcome bonus for micro accounts 90-day cashback program receive between $5 – $1000

 

A review about AMarkets
 

AMarkets

 

AMarkets has 250 000+ clients and boasts the fastest trade execution in the Forex market (under 0.03 seconds).

The company offers a wide variety of financial instruments from Forex, cryptocurrency pairs, stocks, indices, bonds and commodities.

AMarkets was founded in 2007 and the company has emerged as a top Forex broker according to our research in South Africa.

The company has won multiple awards its execution speeds, excellent service and educational programs to name a few accolades.

 

Pros and Cons

 

Pros Cons
Forex ECN with 1:200 leverage; standard up to 1:1000 Withdrawal fees

 

Great variety of accounts No tier-1 country regulation, but a member of the Financial Commission
Wide range of instruments Limited trading platforms
MT4 and MT5 on mobile, web and desktop
Competitive rates
Free access to Autochartist indicator

 

Bonus and Offers

 

NO DEPOSIT BONUS DEPOSIT BONUS PROMOTIONS
N/A 100% credit bonus for deposits from $100 VIP status
20% trading bonus +3 level cashback for deposits from $5000 Refer a friend
10% trading bonus +2 level cashback for deposits from $1000 $50 for a review

 

 

 

 

Other brokers offering a Forex No Deposit Bonus

 

The next section in the article focuses on brokers who are offering no deposit bonuses for a limited time. Some brokers, newer to the market, have less information available than their more established competition.

# Broker Bonus ($) Bonus Type Expiration Date
1 Golden Tradex 30 No Deposit Bonus 31 December 2020
2 InstaForex 5 No Deposit Bonus 31 December 2020
3 FXQM 30 No Deposit Bonus 31 December 2020
4 Teletrade 100 No Deposit Bonus 31 October 2021
5 FBS 100 No Deposit Bonus 31 December 2020
6 RoboForex 30 No Deposit Bonus 31 December 2020
7 Bitfreezy 50 No Deposit Bonus 31 December 2020
8 Promax 50 No Deposit Bonus 31 December 2020
9 Tradeland 50 No Deposit Bonus 31 December 2020
10 Kaje Forex 50 No Deposit Bonus 31 December 2020
11 N1CM 50 No Deposit Bonus 31 December 2020
12 HotForex 30 No Deposit Bonus 31 December 2020
13 Fxplayer 100 No Deposit Bonus 31 December 2020
14 World Forex 20 No Deposit Bonus 31 December 2020
15 Nimble 50 No Deposit Bonus 31 December 2020

Read 15 Best FREE Forex Trading Apps here

No Deposit Forex BrokersWelcome Bonus AmountClaim Bonus Here
🥇FBS$100 ✔️Claim Bonus Here
🥈Tickmill$30✔️Claim Bonus
🥉 RoboForex$30✔️Claim Bonus Here
📢 XM$30🔥Claim Bonus Here
📢 Markets.com10% Bonus Deposit🔥Claim Bonus Here
📢 ForexTime$10🔥Claim Bonus
📢 OctaFX$8🔥Claim Bonus

In Conclusion

 

Making the decision to join the world of Forex can indeed be a daunting experience for new traders. Naturally so, trying anything new can instil the proverbial “choke” in any normal person.

So many unknown variables and experiences and the pressure is even higher because now there’s your own hard-earned money attached to the new adventure. Just like all new experiences, there is usually some great incentive that helps get us over the hill on the decision tree and commit to try. Forex brokers have realised that they need to offer some incentive to help traders take the first leap of faith. Enter: The Bonus Scheme.

There are many traders in the market, and they all offer a range of bonus incentives to encourage traders to complete certain tasks. Referral bonuses, sign on bonuses, trade objective bonuses, there are quite a few and subject to the individuality of each broker. Beginner traders may appreciate any amount that is deposited into the trading account whereas the expert trader may be able to be uninfluenced by it. A fascinating bonus, the no deposit bonus, allows traders to get to trading without having to invest their own money just yet. Granted, each broker may have specific conditions attached to spending and trading the bonus.

Claim you bonus now from $10,$30 up to $100 – simply by signing up by some of these forex brokers.

This article focuses on which brokers provide excellent bonuses including the few that do offer no deposit bonuses from time to time. It is important to note that no deposit bonuses are not common with brokers but there may be specific offers for limited time frames in order entice traders to sign up. The second part of this article mentions some limited offers. The fact that a broker offers a no deposit bonus does NOT mean that they are an excellent broker. Always investigate the broker first to make sure they are trustworthy, regulated and offer good trading conditions.

No Deposit Forex BrokersWelcome Bonus AmountClaim Bonus Here
🥇FBS$100 ✔️Claim Bonus Here
🥈Tickmill$30✔️Claim Bonus
🥉 RoboForex$30✔️Claim Bonus Here
📢 XM$30🔥Claim Bonus Here
📢 Markets.com10% Bonus Deposit🔥Claim Bonus Here
📢 ForexTime$10🔥Claim Bonus
📢 OctaFX$8🔥Claim Bonus

 

Frequently Asked Questions

 

What is a forex no deposit bonus?

‘No deposit’ in this instance refer to the fact that it is possible to open a forex no deposit account which allows you to benefit from a free money trading bonus.

Which brokers offer no deposit bonus?

Here is a list of the 17 Best Forex NO DEPOSIT Bonus Brokers

What is the purpose of a no deposit bonus account in forex?

To attract new traders.

Can I start trading without a deposit?

Yes.

Does AvaTrade offer no deposit bonus?

Yes.

 

This information is of a general nature and should not be construed to be a personal recommendation or investment advice. It is communicated to you for general information purposes only and does not have regard to your particular investment circumstances or objectives. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not a reliable indicator for future results.



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