Which Forex Brokers Give Free Deposit Funds?
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- Profits can be withdrawn after fulfilling trading volume requirements.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- Profits can be withdrawn after meeting trading conditions.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- Profits earned can be withdrawn after meeting trading conditions.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.
