HomeBest Bonus Forex BrokersBest No Deposit Bonus Forex Brokers 2021

Best No Deposit Bonus Forex Brokers 2021

1
Min. Deposit
$10
Exclusive promotion
Our score
10
Leverage
30:1
New accounts
Spreads
0.1
PIPs
Regulations
CySEC, FCA, FSC
Forex Pairs
14+
No Fee
Start Trading
Pros:
World-class customer support in 18 languages
Account opening is fast and fully digital
Ultimate transparency with a trusted brand
Payment Methods
Bank Wire, Mastercard, PayPal, Visa, neteller, skrill
Full regulations list:
CySEC, FCA, FSC
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2
Min. Deposit
$200
Exclusive promotion
Our score
9.3
Leverage
30:1
New accounts
Spreads
1
PIPs
Regulations
CySEC, FCA
Forex Pairs
No Fee
Start Trading
Pros:
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

What Exactly Is a Free No Deposit Bonus?

A vigorous competition for new clients among Forex brokers has created a new trend, No deposit Forex bonuses, which is certainly going to benefit many novice investors when starting to trade the Forex market.

A so-called “No-Deposit Bonus” is a totally free, broker sponsored funding of a trader’s new live Forex account.
All you have to do is fill in an application for opening a live trading account with a broker, and your new Forex account will be credited with real USD – the bonus money to start trading in the real market immediately. No deposit is required on your side!

How cool is that?! It is, in fact, a real value deal:
– you get to try out the broker’s platform
– you get to test your trading skills & get some experience
– you can make money on top or, if it goes wrong – lose nothing

However, there are also few other facts to know about No Deposit Bonuses:

– while the profits you make in trading are withdrawable, the bonus money itself, as a rule, can’t be withdrawn without meeting certain conditions (trading volume, further account funding etc.).

– No deposit bonuses are known to be quite small, around $25-50, which is good for a micro account. Traders should understand that their trading experience on a micro level might significantly differ from trading with a larger portfolio due to the higher financial risks involved. The proper money management of each: micro, mini and standard accounts require additional experience.

It’s NOT a no-deposit bonus, when:

– In order to start trading with free bonus money you’re asked to deposit your own money;
– When profits made during trading are not withdrawable. To be able to withdraw the bonus money itself, you can be asked to meet certain conditions (trading volume, further account funding etc.), but this should not be the case when you want to withdraw profits only.

The good and the bad: brokers learn from mistakes

As practice shows, offering a no-deposit bonus is a fast and 200% times efficient strategy to promote your brokerage: within several days to a week, everyone knows your name, even if the company is brand new. However, it’s not that simple as it may look – a badly planned/executed promotion can backfire and ultimately start building a negative reputation around the company. Therefore, we recommend that brokers carefully study the pros and cons of running a no-deposit bonus promotion in order to not repeat mistakes made by others.

We’ve prepared a few suggestions to help brokers plan their no-deposit promotions with a positive outcome:

1. Make sure you call your promotion by its name, see the paragraph above “It’s NOT a no-deposit bonus, when”. If you want traders to make a deposit in the end before any withdrawal, call it a “Deposit bonus”. This way you won’t be accused of running a wrong non-useful promo.

2. Define the circle of traders who is eligible to receive a no-deposit bonus in advance: decide whether it’s going to be a worldwide promo or an offer for certain countries. Again, this sets clear rules and cuts out any negative feedback from traders who are ineligible for a no-deposit bonus.

3. Don’t change your no-deposit bonus rules after the promo has begun. News about the bonus spread fast, and once traders start discussing it, you don’t want them to rave about new (often more complex/tight rules) that has been added midway.

We wish you success in running your next no-deposit bonus promotion!

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