Some forex brokers offer free deposit funds in the form of bonuses to attract new traders and incentivise trading activity. These promotions often come as no-deposit bonuses, deposit match bonuses, or welcome bonuses. Below, we highlight brokers that provide free deposit funds and what makes them a good choice.
What to Look for in Brokers Offering Free Deposit Funds
- Bonus Type: Understand if the bonus is a no-deposit bonus (completely free) or a deposit match (requires a deposit).
- Regulation: Ensure the broker is regulated to guarantee fair trading conditions.
- Bonus Usability: Check whether the bonus funds can be used for trading or if they are withdrawable after meeting certain conditions.
- Terms and Conditions: Read the fine print to know trading volume requirements and bonus restrictions.
Top Forex Brokers Offering Free Deposit Funds
1. RoboForex
- Bonus Offered: $30 No-Deposit Bonus.
- Why It’s Great: RoboForex provides a no-deposit bonus, allowing new traders to start trading forex without investing their own money.
- Features:
- Available after account verification.
- Profits can be withdrawn after fulfilling trading volume requirements.
- Access to multiple platforms like MT4 and MT5.
- Regulation: Regulated by IFSC in Belize.
- Suitable For: Beginners exploring forex trading risk-free.
2. XM
- Bonus Offered: $30 Welcome Bonus.
- Why It’s Great: XM offers a no-deposit welcome bonus for new clients, enabling them to test the platform and trade real markets.
- Features:
- No deposit required to claim the bonus.
- Profits can be withdrawn after meeting trading conditions.
- Available on MT4 and MT5 platforms.
- Regulation: Regulated by CySEC, ASIC, and IFSC.
- Suitable For: Traders looking to explore forex trading with free capital.
3. FBS
- Bonus Offered: $100 Level Up Bonus.
- Why It’s Great: FBS provides a no-deposit bonus for beginners to start trading without initial investment.
- Features:
- Bonus credited after account registration and verification.
- Profits withdrawable after meeting trading volume requirements.
- Access to FBS’s trading app and platforms.
- Regulation: Regulated by IFSC and CySEC.
- Suitable For: New traders seeking a high no-deposit bonus.
4. InstaForex
- Bonus Offered: $1000 StartUp Bonus.
- Why It’s Great: InstaForex offers one of the largest free deposit bonuses for new traders.
- Features:
- No deposit required to claim the bonus.
- Profits earned can be withdrawn after meeting trading conditions.
- Available on MT4 and MT5.
- Regulation: Regulated by BVI FSC.
- Suitable For: Traders looking for large no-deposit bonuses to practice or trade live.
5. Tickmill
- Bonus Offered: $30 Welcome Bonus.
- Why It’s Great: Tickmill’s no-deposit bonus allows traders to test its trading conditions without financial commitment.
- Features:
- Available upon account verification.
- Profits withdrawable after completing trading requirements.
- No hidden terms or costs for the bonus.
- Regulation: Regulated by FCA, CySEC, and FSA.
- Suitable For: Traders testing new strategies risk-free.
6. HotForex (HFM)
- Bonus Offered: 100% SuperCharged Bonus.
- Why It’s Great: HotForex offers a deposit bonus that doubles your trading capital, making it ideal for active traders.
- Features:
- Bonus can be used as margin for trading.
- Profits earned are withdrawable after meeting volume requirements.
- Access to forex, commodities, and indices.
- Regulation: Regulated by FCA, CySEC, and FSCA.
- Suitable For: Experienced traders looking to increase trading capital.
Conclusion
For traders seeking free deposit funds, RoboForex, XM, and FBS are excellent choices for no-deposit bonuses. InstaForex stands out with its generous $1000 StartUp Bonus, while HotForex offers a competitive deposit match for active traders. Always read the terms and conditions to understand how to use and withdraw the bonus effectively.
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