Brokers With No Deposit Bonuses 2024

Brokers with no deposit bonuses offer a popular financial incentive. These promotions are used by brokerages to gain new customers and to differentiate themselves from their competitors. Here we list the best brokers with a no deposit welcome bonus in June 2024.

Top Brokers With No Deposit Bonuses

Click a broker for details
  1. 1
    XM
    $30 No Deposit Bonus When You Register A Real Account

    Ratings
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4.3 / 5
    4 / 5
    4.5 / 5
    4.5 / 5
    4.5 / 5
    4.7 / 5
    3.9 / 5

    $5
    0.01 Lots
    ASIC, CySEC, DFSA, FSC, FSCA
    Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
    MT4, MT5
    Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-Pesa
    USD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF
  2. 2
    RoboForex
    $30 No Deposit Bonus
    RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.

    Ratings
    3 / 5
    4 / 5
    4 / 5
    3.5 / 5
    4.1 / 5
    4.3 / 5
    3.8 / 5
    3.8 / 5
    4.7 / 5
    4.4 / 5

    $10
    0.01 Lots
    1:2000
    IFSC
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
    R StocksTrader, MT4, MT5, TradingView
    Visa, iDeal, Trustly, Neteller, Skrill, Giropay, Sofort, Wire Transfer, Rapid Transfer, Alipay, POLi, Perfect Money, MoneyGram, Cashu, SafeCharge, WeChat Pay, Vietcombank Transfer, Volet, ecoPayz, AstroPay
    USD, EUR
  3. 3
    ForexChief
    $100 No Deposit Bonus

    $10
    0.01 Lots
    1:1000
    VFSC
    CFDs, Forex, Metals, Commodities, Stocks, Indices
    MT4, MT5
    Wire Transfer, Bitcoin Payments, Credit Card, UnionPay, Skrill, Neteller, WebMoney, Perfect Money, Debit Card, Ethereum Payments, FasaPay, Volet
    USD, EUR, GBP, JPY, CHF
  4. 4
    GoFX
    $50 No Deposit Bonus

    $1
    0.01 Lots
    1:3000
    FSA
    Forex, Cryptos, CFDs on Stocks, Indices & Commodities
    MT4
    Wire Transfer, Credit Card, Debit Card
    USD
  5. 5
    JustMarkets
    $30 No Deposit Bonus

    $1
    0.01 Lots
    1:3000
    CySEC, FSA, VFSC
    Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures
    MT4, MT5
    Visa, Mastercard, Credit Card, Perfect Money, Sticpay, FasaPay, Wire Transfer, Debit Card, Bitcoin Payments, Airtm, Ethereum Payments
    USD, EUR, GBP, ZAR, MYR, IDR, THB, VND, KWD
  6. 6
    PU Prime
    $50 No Deposit Bonus

    $50
    0.01 Lots
    1:500
    FSA (Financial Services Authority of Seychelles), FSCA (Financial Sector Conduct Authority), SVGFSA (Financial Services Authority St Vincent & The Grenadines)
    Forex, Commodities, Cryptocurrencies, Stocks, Indices
    MT4, MT5
    UnionPay, FasaPay, Wire Transfer, Credit Card, Visa, Mastercard, Debit Card, AstroPay, Bitwallet
    USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD

Here is a summary of why we recommend these brokers:

  1. XM - XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.
  2. RoboForex - RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.
  3. ForexChief - xChief 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.
  4. GoFX - GoFX is an unregulated CFD and forex broker that covers instruments from currency, stock, index, commodity and crypto markets. Traders can sign up to a variety of account types with deposits as low as $1 and will trade using the popular MetaTrader 4 platform. Exceptionally high leverage up to 1:3000 is offered on the standard account, while traders with the low-spread account can access leverage up to 1:1000.
  5. JustMarkets - JustMarkets is a multi-asset broker with both CySEC-regulated and offshore branches. Offering ultra-low spreads, copy-trading services, 170+ tradeable instruments and MetaTrader support, JustMarkets has a lot to offer both beginner and experienced traders.
  6. PU Prime - Pacific Union Prime is an FSCA and offshore-regulated multi-asset broker offering competitive fees and direct market access on forex, commodities, stocks, bonds and indices. The broker supports the popular MetaTrader 4 and MetaTrader 5 platforms and a proprietary mobile app. Fees vary by account type with no commission and spreads from 1.9 pips on the Standard account and $7 commission per lot and spreads from 0.4 pips on the Prime account.

XM

"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."

Rebecca Holden, Reviewer

XM Quick Facts

Bonus Offer$30 No Deposit Bonus When You Register A Real Account
Demo AccountYes
InstrumentsForex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
RegulatorASIC, CySEC, DFSA, FSC, FSCA
PlatformsMT4, MT5
Minimum Deposit$5
Minimum Trade0.01 Lots
Account CurrenciesUSD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF

Pros

  • XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights
  • Powerful MT4 and MT5 platforms are available with 60+ and 80+ technical charting tools
  • XM is a hugely respected broker authorized by tier-one regulators

Cons

  • PayPal deposits are not supported
  • There is weak regulatory oversight through the global entity
  • There's $5 inactivity fee after only 3 months, though this won't affect active traders

RoboForex

"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."

Christian Harris, Reviewer

RoboForex Quick Facts

Bonus Offer$30 No Deposit Bonus
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
RegulatorIFSC
PlatformsR StocksTrader, MT4, MT5, TradingView
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:2000
Account CurrenciesUSD, EUR

Pros

  • The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
  • The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.
  • RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders.

Cons

  • Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the IFSC in Belize, lowering the level of regulatory protections for traders.
  • Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.
  • While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets.

ForexChief

"xChief continues to prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to seasoned traders. However, the lack of top-tier regulatory oversight is a major drawback."

Christian Harris, Reviewer

ForexChief Quick Facts

Bonus Offer$100 No Deposit Bonus
Demo AccountYes
InstrumentsCFDs, Forex, Metals, Commodities, Stocks, Indices
RegulatorVFSC
PlatformsMT4, MT5
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, JPY, CHF

Pros

  • The broker offers a turnover rebate scheme geared towards active investors, as well as trading credits and several other occasional bonuses
  • The low minimum deposit of $10 will appeal to beginners, as well as the beginners’ guides in the Library
  • xChief delivers a high-quality day trading environment via the MT4 and MT5 platforms, with market-leading charts, indicators and tools

Cons

  • The total range of 150+ assets is much lower than most competitors who typically offer hundreds
  • xChief is an offshore broker with weak regulatory oversight from the VFSC, so traders will receive limited safeguards
  • Fees and minimums are imposed on most withdrawal methods, including a €60 minimum for SWIFT bank transfers

GoFX

"GoFX provides CFDs with good trading terms on a decent range of markets. It will appeal especially to traders from its native Thailand or international traders with a high-risk-high-reward trading style who seek heavily leveraged trading."

Christian Harris, Reviewer

GoFX Quick Facts

Bonus Offer$50 No Deposit Bonus
Demo AccountYes
InstrumentsForex, Cryptos, CFDs on Stocks, Indices & Commodities
RegulatorFSA
PlatformsMT4
Minimum Deposit$1
Minimum Trade0.01 Lots
Leverage1:3000
Account CurrenciesUSD

Pros

  • Demo account with easy sign-up
  • Low minimum deposit of just $1
  • Very high leverage up to 1:3000

Cons

  • No proprietary trading platform or mobile app
  • No additional tools or trading features
  • No copy trading

JustMarkets

"With some of the most affordable pricing in the game and access to the powerful MT4 and MT5 platforms, JustMarkets is a good choice for any investor."

Christian Harris, Reviewer

JustMarkets Quick Facts

Bonus Offer$30 No Deposit Bonus
Demo AccountYes
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies, futures
RegulatorCySEC, FSA, VFSC
PlatformsMT4, MT5
Minimum Deposit$1
Minimum Trade0.01 Lots
Leverage1:3000
Account CurrenciesUSD, EUR, GBP, ZAR, MYR, IDR, THB, VND, KWD

Pros

  • Welcome bonus for new traders
  • Tight spreads from 0 pips
  • MetaTrader 4 integration

Cons

  • Limited availability with clients not accepted from the US, UK, Japan, Germany and other countries
  • Non-forex asset list is light with just 65 stocks plus a handful of indices and commodities

PU Prime

"PU Prime will appeal to traders seeking high leverage and low fees in a direct-to-market trading environment."

Christian Harris, Reviewer

PU Prime Quick Facts

Bonus Offer$50 No Deposit Bonus
Demo AccountYes
InstrumentsForex, Commodities, Cryptocurrencies, Stocks, Indices
RegulatorFSA (Financial Services Authority of Seychelles), FSCA (Financial Sector Conduct Authority), SVGFSA (Financial Services Authority St Vincent & The Grenadines)
PlatformsMT4, MT5
Minimum Deposit$50
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD

Pros

  • Demo account with virtual funds
  • Good range of assets with nearly 1000 instruments over six asset classes
  • Industry-recognized MT4 and MT5 platforms and mobile apps

Cons

  • Standard account spreads are mediocre
  • No tier 1 regulatory oversight
  • Relatively high $40 minimum withdrawal and handling fee for withdrawals under $100

What Is A No Deposit Bonus?

Put simply, brokers with no deposit bonuses give a cashback reward to clients for opening accounts without the need to invest personal capital. So, when you register for a live account with trusted brokers, you will not need to deposit any funds to receive the no deposit bonus. It is the opposite of a deposit bonus, which does require you to add funds to a live account to receive the incentive.

Generally speaking, you will be required to be a new account holder, rather than an existing user of the brokerage services. Nevertheless, some additional financial incentives may be offered to existing clients.

How Brokers With No Deposit Bonuses Work

Trading brokers with no deposit bonuses offer account funding as a financial incentive. The amount offered can vary, though some forex bonuses or binary options bonuses can offer thousands of dollars.

These promotions are used to attract new customers to utilise platform terminals and brokerage services. To gain no deposit bonuses, traders will be required to open a live trading account, which tends to involve an online registration form. Personal details will often be required, including email addresses and proof of residency.

Regulated brokers may also request additional details under the know-your-customer (KYC) compliance protocols. A no deposit bonus will be applied automatically to your trading account once registration is verified. Requirements to achieve the bonus may vary amongst terminals.brokers giving no deposit bonuses

No Deposit Bonus Terms & Conditions

No deposit bonus terms and conditions can vary from broker to broker and it is best practice to review these before signing up. Do not be fooled by the advertising of the bonus solely as many brokers highlight unrealistic financial offers on large marketing banners, which, once you have understood the conditions, may be completely different from what is being promoted. The terms and conditions documents can be lengthy, so focus on eligibility, validity, the withdrawal process and wagering requirements.

Eligibility

What are the requirements to be able to gain the bonus? Typically brokers with no deposit bonuses offer them to new account holders only. If you had previously opened an account, you may not be eligible. Once a new account is opened and verified, the bonus should be provided. There may be additional requirements needed for traders to be offered the bonus.

Validity

When is the offer available until? You will often be required to trade the bonus amount within the period stated. This may be anywhere from the day of account opening to one month later. Stock brokers with no deposit bonuses may also only offer these incentives occasionally throughout the year vs an always-on offer.

Withdrawal

Even forex brokers with the biggest no deposit bonuses may still have withdrawal caps or even full limits on funds that can be removed from an account. If you were to successfully trade your free given funds, removing these from an account may be difficult and threshold levels may be set higher than what can realistically be achieved.

Wagering

Some no deposit bonus forex brokers apply a wagering requirement. This involves traders having to invest the bonus amount (and/or any associated withdrawal gains from this) a specific number of times or until a set threshold is met. An example could be a no deposit bonus of $10 with a 10x wagering requirement. This means you have to invest a total of $100 ($10 x 10) before the bonus funds can be reverted to cash that is available to withdraw.

We would advise contacting the broker’s customer services if anything is unclear in the no deposit bonus terms and conditions. Customer review platforms may also provide helpful feedback from other traders.

No Deposit Bonus Regulations

Local licensing will impact whether brokers can offer financial incentives. Even those regulated brokers with a real no deposit bonus may be limited to what they can offer. The Cyprus Securities and Exchange Commission (CySEC) enforces a restriction on brokers across all financial rewards, bonuses and competitions. Instead, the regulatory guidance suggests brokers can utilise lower spreads to attract new investors. This is similar across all brokers operating in jurisdictions under European MiFID II laws and within the UK.

If you are looking for regulated and legit forex brokers with no deposit bonuses, you will need to find one with licensing that allows them. Such regions include the FSCA (South Africa) and the Malaysia Securities Commission. The official website of your broker’s regulator can provide bonus rules. Unregulated brokers may also provide traders with a bonus without a deposit, though you should be cautious of the terms and conditions associated with this. There may be complex rules to withdraw profits gained using such incentives. If additional personal capital funds are invested, you may not be protected by government compensation schemes.

What To Look For In Brokers With No Deposit Bonuses

With so many brokers now offering financial incentives, it can be difficult to distinguish which is the best offer. Here, we summarise what to look for when choosing the best brokers with a no deposit bonus:

Size Of Bonus

Although many other considerations should be accounted for, the size of the no deposit bonus is important. Compare what other online brokers are offering. Brokerages have varying opportunities throughout the year. No deposit bonus amounts can vary anywhere from around $10 to $250. The size of the bonus will influence your investment opportunity without having to risk personal capital.forex brokers with no deposit bonus 2021

Assets

The best brokers offering a no deposit welcome bonus will provide a variety of tradable instruments and assets across several markets. Being able to access varied trading instruments to apply the bonus is advantageous to creating a diversified portfolio. You can also try your luck at investing with the bonus amount in a market not previously entered. Assets available to use a no deposit bonus against may include stock trading, crypto, penny stocks, commodities and more.

Withdrawal Terms

There are sometimes catches with withdrawal limits when trading with a no deposit bonus. Brokers can apply specific rules before funds can be removed from a trading account. XM, for example, has terms and conditions on profits gained using such a bonus. Volume must reach at least ten micro-lots and five round turn trades must be completed.

Negative Balance Protection

Ensuring you cannot lose more capital than initially invested is an important factor. Brokers that offer negative balance protection will cover any losses that take an account balance to lower than 0. This will also be vital when trading with a bonus as you may need to cover any losses with personal capital if this exceeds more than the bonus.

Trading Platform

Reliable brokers with a no deposit bonus will offer accessible trading platforms. The best terminals will create an easy investing environment, alongside simple tracking of bonus funds and clear withdrawal limits. Industry-recognised MT4 and MT5 trading platforms are intuitive and create a simple navigational environment even for new investors with no deposit bonus funding.

Customer Service

You should be able to access customer support during trading hours. When choosing from a list of brokers with no deposit bonuses, you will want to select those with the most responsive customer support. Broker representatives can support traders in applying a bonus. Additionally, they should be able to answer any questions on the terms and conditions of the incentive, eligibility and withdrawal issues. Multilingual services can provide better support for international clients.

Final Word On Brokers With No Deposit Bonuses

Brokers with no deposit bonuses can create exciting opportunities for new traders with no financial risk or investment. The risk-free option to invest in a new asset or different platform with a no deposit bonus is beneficial and appealing. However, you should be wary of lengthy terms and conditions with sometimes difficult withdrawal terms and specific eligibility requirements. For a full list of our top recommended brokers with no deposit bonuses, see here.

FAQ

What Are Brokers With No Deposit Bonuses?

Brokers with no deposit bonuses give a cashback reward to traders without the need to invest personal capital. When traders register for a live account with such a brokerage, they do not need to deposit any funds to get trading with real capital.

What Are The Best Forex Brokers With A No Deposit Bonus In 2024?

The top 10 brokers with a no deposit bonus include XM, AvaTrade, Admiral Markets and XTB, though we have compiled a complete list here. Always review bonus terms and conditions before signing up.

How Can I Choose Between Brokers Offering A No Deposit Bonus?

With so many financial incentives being offered, it can be difficult to distinguish between brokers. We would suggest comparing the size of the bonus, applicable assets, withdrawal terms, regulation, customer service and trading platforms.

What Are The Best South African Brokers With A No Deposit Bonus?

South African brokers offering a no deposit bonus in 2024 include FXOpen, FBS and XM.

Can I Trust A Broker With A No Deposit Bonus?

Yes, there are several trusted forex brokers with no deposit bonus offers.  Be sure to understand the withdrawal process, eligibility and full terms and conditions before opening an account.