Trading with bonus funds or using other online trading promotions can give your account a boost. Here we list the best broker bonus offers and other trading promotions in October 2023.
These 10 brokers offer the most attractive trading bonuses available today:
| Forex.com | eToro USA | Webull | |
|---|---|---|---|
| Minimum Deposit | $100 | $10 | $0 |
| Minimum Trade | 0.01 Lots | $10 | 0.01 Lots |
| Instruments | Forex, Spot Metals | Stocks, Options, ETFs, Crypto | Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs |
| Regulator | NFA, CFTC | SEC, FINRA | SEC, FINRA |
| Visit | Visit | Visit | Visit |
Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
"Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score."
- DayTrading Review Team
Active Trader Program With A 15% Reduction In Costs
Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k.
Forex.com offers access to thousands of US, EU and UK stocks, with spreads of just 1 point. Speculate on household names as well as new IPOs. US stocks are available from just 1.8 cents per share.
eToro is a social investing platform that offers stocks, ETFs, options, and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, this brand is highly respected. eToro securities trading is offered by eToro USA Securities, Inc.
"eToro is a top pick for users looking for social investing and copy trading. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer traders."
- DayTrading Review Team
Invest $100 and get $10
Trade popular US stocks and ETFs with zero commissions while fractional shares and options are also available. The eToro Academy and excellent market research are also huge bonuses for newer investors.
eToro US leads the way in cryptocurrency trading. 1% fee for buying or selling crypto added to the spread (from 0.75% for BTC), with their own wallet service and the largest number of cryptos to trade in the market. eToro copy trading is only for cryptos. Crypto asset investing is highly volatile and unregulated. No consumer protection. Tax on profits may apply.
Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.
"Webull is best for traders looking to buy and sell stocks on a user-friendly app with zero commissions."
- DayTrading Review Team
Up to 12 free fractional shares when you deposit $100
Webull offers a modest collection of 17 currencies, including majors like EUR/USD. Forex can be traded on the feature-rich investing app with real-time quotes and low spreads.
Webull offers a fantastic list of 2000+ US stocks, fractional shares, options, ETFs, OTC, and ADRs. There is no commission on stocks, ETFs, and options. Full extended trading hours is available while custom screeners and watchlists aid the decision making process.
Webull offers trading on popular cryptos like Bitcoin against the US Dollar. With 35+ tokens and premium analysis tools, traders can review market trends and identify opportunities in a few taps.
Founded in 2017, Pocket Option is a binary options broker offering up/down contracts on forex, stocks and cryptocurrencies. With over 100,000 active users and a global reach, the brand has proven popular with budding traders. Pocket Option also supports dozens of payment methods and has a low minimum trade of just $1.
"We recommend Pocket Option for aspiring binary options traders looking for copy trading services and a low minimum investment."
- DayTrading Review Team
50% Deposit Bonus
Binary and OTC options can be purchased on over 40 foreign exchange pairs. Typical payouts are also decent at 81% and users can trade forex binary options in just a couple of clicks.
Trade 30 of the most popular American multinational stocks including Microsoft and Google. Payouts on big brands come in at a decent 92% while indices are available up to 67%.
Pocket Option supports major cryptocurrencies on a beginner-friendly app. Over 10 leading cryptocurrencies are available with very high leverage up to 1:1000.
IQCent is an offshore binary options and CFD broker based in the Marshall Islands with 10+ payment methods and a low $50 starting deposit. With 100+ assets, around the clock trading and high payouts the brand is popular with aspiring traders.
"IQCent will appeal to newer traders who want a platform where they can trade both binary options and CFDs with copy trading support and regular contests."
- DayTrading Review Team
20% to 200% Deposit Bonus
IQCent CFDs are available on forex, stocks, indices, commodities and cryptos with leverage variable by asset to a maximum of 1:500, which is higher than many alternatives. 24/7 customer support is also available to assist new users.
IQCent traders can access CFDs or binary options on 40+ forex pairs, including majors, minors and exotics. CFD spreads start from 0.7 pips and binary options payouts are decent up to 95%. Trading takes place through the broker's proprietary platform with advanced analysis tools.
IQCent offers CFDs and binaries on four German stocks: Lufthansa, Deutsche, Daimler and BMW. Traders can also speculate on stock markets via seven leading indices including US30, S&P500 and FTSE100.
IQCent offers 17 crypto assets through its own platform, including Bitcoin, Ethereum and Litecoin. Leverage on crypto CFDs is limited to 1:10 while binary options payouts vary by token but are competitive.
Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong and US stocks, ETFs and other assets. Margin trading is available and the brand accepts low minimum deposits while also decent several bonuses.
"Moomoo will appeal to stock traders who want to build an investment portfolio through a user-friendly app with low to zero commissions."
- DayTrading Review Team
Get up to 15 free stocks worth up to $2000
Moomoo offers online US and Hong Kong stocks, and China-A shares trading across options, ETFs, ADRs, OTC, plus IPOs on a proprietary trading platform. The zero commissions, no account minimum and free level 2 data are standout features.
Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts are also higher than most alternatives climbing to 98%."
- DayTrading Review Team
20% to 200% Deposit Bonus
Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades.
Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout.
Trade binary options and CFDs on global stocks from US, European, Russian and Asian exchanges, as well as 37 indices covering a wide range of global markets. The access to stocks trumps many binary options brokers.
Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available.
M1 Finance is a US brokerage that allows users to build a customizable investment portfolio from a range of 6000+ stocks and shares, ETFs and cryptocurrencies. The innovative 'pie' based portfolio management system allows traders to build several portfolios with different aims, and the brokerage supports machine-learning tools that can provide automated portfolio management.
"US investors who want a straightforward, commission-free way to invest in stocks and crypto with AI-powered strategy support should consider M1 Finance."
- DayTrading Review Team
M1 Finance Plus free for 3 months on new accounts
M1 Finance offers a very large list of 6000+ stocks and shares listed on the NASDAQ and NYSE, as well as a small list of OTC securities. The shares are directly bought, sold and owned, meaning traders will have voting rights and benefit from dividends as well as capital gains. Commission-free trades and fractional shares will appeal to beginners and those on a budget.
M1 Finance users can open a crypto account to invest in 10 cryptocurrencies including Bitcoin, Ethereum, Cardano and Solana. You can also invest in six crypto-related funds and ETFs, which are a good way to get broader exposure to the digital currency market.
ForexChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.
"ForexChief will prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The large welcome bonus and low starting deposit will also appeal to new traders."
- DayTrading Review Team
$100 No Deposit Bonus
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals. A clear pricing schedule is available to clients with no hidden charges. Traders can also access very high leverage up to 1:1000.
ForexChief supports spot foreign exchange trading on all account types for 40+ major, minor and exotic currency pairs on the leading MT4 and MT5 platforms. Spreads are tight starting from zero and there are no dealers or requotes.
ForexChief offers 100 US company stocks CFDs for MT4 DirectFX and Classic+ account holders. Investors can speculate on the price of some of the world's largest companies, including Apple and Coca Cola. Spreads start from 5.
ForexChief supports crypto trading with five major digital currencies paired against the US dollar. Traders can bet on rising and falling prices with leveraged CFDs and market-leading trading software.
Axofa is a forex and CFD broker registered in St Vincent and the Grenadines. The broker offers three account types with access to forex, commodities and indices. With ECN processing, low minimum deposits and no commissions, Axofa could be an attractive option, although the broker does not hold a reputable license.
"Axofa could be a good option for clients looking for social trading features alongside the MT5 platform, and are willing to trade with an offshore brand."
- DayTrading Review Team
10% Deposit Bonus
CFDs are available on popular asset classes with a competitive $1 minimum deposit. The broker offers very high, unrestricted leverage of 1:1000, which will amplify both profits and losses.
Axofa offers 50+ forex pairs with raw spreads and low commissions. On the downside, the broker is not particularly transparent when it comes to their account conditions and fees.
A decent selection of 100+ popular international stocks are available. Traders can also test out their strategies in the free MT5 demo account, though the conditions are more limited vs other brokers.
eToro USA is offering a $10 bonus to new traders. The limited-time offer will see eligible accounts automatically credited with the promotional funds. The bonus is available to the first 20,000 qualifying participants.
Popular discount broker, Firstrade, is offering up to $200 in transfer fee rebates for traders that use the straightforward switching service. Traders must transfer at least $2,500 and keep the account open for 12 months.
European binary options broker, CloseOption, is running a weekly trading competition on its web-based platform. Participants are given $10,000 in virtual funds and the traders that accumulate the highest balance at the end of the contest are awarded cash prizes.
Multi-asset broker, World Forex, is running a Cashback Club where account holders can get money back on each lot they trade. Promotional funds can either be withdrawn for real money, exchanged for other bonuses and rewards, or traded in other assets.
M1 Finance is offering a welcome bonus of between $75 and $500 depending on the size of the initial deposit. The offer is available to US residents that have not registered for an M1 account before. Read on for the details.
Tixee is offering a welcome bonus that ranges from 30% to 100% of the starting deposit. Clients can earn between $250 with the Entry account and $10,000 with the Premium and VIP accounts. We unpack the sign-up offer, alongside key terms and conditions below.
FxPlayer is offering tiered welcome deposit bonuses ranging from 100% to 500%. The more clients trade, the bigger the bonus. We break down joining instructions and key terms and conditions below.
PU Prime is offering a generous bonus on first and second deposits. The trading credit can be used to boost your account margin and market exposure. The offer is available on Standard, Prime and Islamic accounts.
Not Available
Australian-based VT Markets is running a cashback scheme where traders can earn USD$3 per lot. The promotion is available on the broker’s MT4 account. Cashback is calculated and credited to client accounts daily.
Not Available
Australian-headquartered Vantage is running a points-based loyalty scheme. You can earn V-points each time you trade, with the number of points awarded based on your tier (Bronze to Platinum). Loyalty points can be redeemed for a range of perks, including deposit rebates and the Wheel of Fortune.
Not Available
Hundreds of NordFX clients could win cash prizes in the Mega Super Lottery. Users simply need to deposit at least $200 and trade 2 lots to receive a ticket. There is no limit on the number of lottery tickets per trader.
Not Available
Popular broker, RoboForex, is offering up to 10% in extra funds to active traders. The program is available on all live accounts, including ECN, Prime and CopyFX. Clients can choose whether to withdraw the money or trade on the broker’s 12,000+ instruments spanning 8 asset classes.
Not Available
Top-rated forex and CFD broker, XTB, is running a flexible cashback program that rewards clients based on trading activity. The more users trade, the more cashback they earn. Cashback is automatically credited to client accounts within seven days of the previous month’s end.
Not Available
Dukascopy is offering a 20% discount on volume trading commissions. Clients have one year after signing up for the discount program to satisfy the volume conditions. We break down joining instructions and turnover requirements below.
Not Available
The XM virtual private server (VPS) is situated 1.5 kilometres from the broker’s data centre in London and offers optical fibre connectivity. Users can connect to the VPS from any location, making the most of XM trade executions. Find out how to qualify.
Not Available
InstaForex is running a 100% deposit bonus. Traders can double their first deposit and use promotional funds to speculate on the broker’s 100+ currency pairs. Read on for joining instructions, plus bonus terms and conditions.
Not Available
AAAFX is running a 100% deposit bonus for global clients. Promotional funds are added to client accounts as additional margin. Find out how to claim the welcome bonus and boost your trading funds.
Not Available
Award-winning forex and crypto broker, AAAFx, is offering a free VPS for traders that deposit $5,000. The virtual private server ensures uninterrupted trading operations, lending it to automated investing strategies and trading signals. Read on for the details.
Not Available
PrimeXBT is running virtual trading competitions that are available to all account holders. As well as a good way to test run strategies, winners can earn real prizes and bonuses. The crypto and NFT broker’s tournaments are free to enter and use virtual funds. Read on for the details.
Not Available
AAAFx is introducing an ECN Plus account with zero-commission trading conditions. The online broker will offer reduced fees on stocks, indices, currencies and commodities. We explain how the new trading account works.
Not Available
The LegacyFX loyalty programme is a great way to get more from trading. New users can start at the Smart level before progressing to Wise, Expert and finally, Genius. Account holders simply need to meet minimum deposit, balance, and trading volume requirements. Users also need to attract new investors to the platform.
Not Available
FBS is a top-rated broker offering up to $140 in free trading capital. The new bonus can be used to trade on the company’s range of forex and CFD assets. Find out how to qualify for the welcome bonus, along with any withdrawal terms and conditions.
Not Available
FBS is making copying trading risk-free for first-time traders. On copy trades up to $100, your losses will be covered on the first three trades. And, if you make a profit, you get to keep your rewards. This leaves traders with just two outcomes: making money or retaining their original deposit amount.
Not Available
If you want to use brokers with bonus offers or other incentives, it’s important to understand the different varieties out there. From no deposit bonus schemes to explaining why free bonuses are usually not free at all, we will explore the bonus and promotion offers at a range of brokers. We detail the types of bonus available, why forex trading bonuses might differ and which strategy can maximise bonus returns. We also reveal why the key to bonuses is always to read the terms and conditions.
A bonus provides you with potentially free money for trading and is normally offered by a broker as an incentive to attract new clients who can then try trading with little or no risk.
There are different types of trading bonus offers and requirements for getting the bonus paid out to your account. We detail these below.
The no deposit bonus is the most lenient of bonuses, as it does not require you to deposit any funds at all before you get the bonus. Normally a broker wants you to at least deposit some funds with them before you can get your bonus, but with a “no deposit” bonus they allow anyone to get the bonus after creating a new account.
Note that there might still be requirements to fulfil before you can get your trading profits paid out, and those requirements might be stricter for this kind of bonus than for others. Normally you have to trade a certain total volume before you can withdraw the profits derived from the bonus money.
Considering how generous it is to hand out free money to new traders, that makes a lot of sense. Make sure you are ok with those requirements before you sign up.
A “welcome bonus” is a way to reward new traders who sign up for an account, to make them feel welcome and to make it easier for new clients to start trading right away. A welcome bonus might require you to make a deposit, so make sure you agree with the bonus requirements before you sign up.
The “deposit match bonus” will match a percentage of your deposit, up to a certain maximum amount.
For example, if the bonus is a 30% match up to $5,000, and you deposit $1,000, you will get an additional $300 from the broker ($1,000 * 30%). With this example offer the most you can get is $5000, which you would get when depositing at least $16,667 ($16,667 * 30% = $5,000). Even if you deposit more than that, you will still only get the maximum $5,000.
Note – we have seen alternate definitions of the maximum amount, where 30% match up to $5,000 would rather mean that even if you deposit more that $5,000, you will only get the 30% paid out on $5,000. In other words, the maximum amount pertains to the maximum deposit on which you will get the 30% bonus, and NOT how much bonus you can maximally get.
OBS! For a serious trader the distinction between the two maximum amount definitions can make a big difference, so make sure you understand the requirements before signing up and depositing.
Most bonus types have requirements regarding how much you have to trade before you can withdraw profits. For some traders this is ok, while to others it becomes a source of frustration.
Due to bonus abuse by many unscrupulous traders, the requirements have by necessity become so strict that you might be better off without one. However, it’s impossible to give individual advice, as it comes down to how much money you want to trade with and how long you can wait before you make a withdrawal.
In the long run a trading bonus will not make a huge difference to many traders, and might make things feel more complicated and thus spoil the joy of trading. Only use a bonus if you feel it makes sense to you personally.
Normally you don’t have to accept a bonus deal just because a broker is offering one. You might have to explicitly opt out of a bonus however, so make sure to check the terms and conditions when signing up.
While a bonus offer can sometimes sound like free cash with no requirements involved, there are always terms and conditions attached. If this wasn’t the case, what would stop dishonest traders from just withdrawing the funds without trading?
Due to regulation in many countries, it can be hard to find brokers with a bonus. However, we have collated all available bonuses here and also list other kinds of ongoing trading promotions and incentives.
Traders that are looking for a promotional offer should see our our list of brokers with bonus offers.
Note that using a broker’s bonus offer is not necessarily best for all traders. Always read the terms and conditions, especially what’s required to “clear” the bonus (i.e., what you have to do to receive the full amount).
