Below are the best brokers with a no deposit welcome bonus in October 2026 in your region. No deposit bonuses are used by brokers to gain new customers and to stand-out from their competitors. Our list includes our trusted broker rating, so you can make a better informed choice.
The table below shows current, valid offers at brokers that accept traders in your region, click an offer to learn more or grab the bonus. Terms will apply.
Top Brokers With No Deposit Bonuses
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- Demo account
- Platforms: MT4, MT5, TradingCentral
- Min. deposit: $5
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- Demo account
- Platforms: MT4, MT5
- Min. deposit: $10
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- Demo account
- Platforms: FXGT Trader, FXGT App, MT4, MT5
- Min. deposit: $5
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- Demo account
- Platforms: MT4, MT5
- Min. deposit: $0
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- Demo account
- Regulator: BVI FSC
- Platforms: MT4, MT5
Learn how we test brokers and why you can trust our ratings.
Here is a short summary of why we think each broker belongs in this top list:
- XM 4.8/5 XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades.
- Grand Capital 3.9/5 Grand Capital is a MetaTrader broker with welcome bonuses, trading competitions and an intuitive copy trading service. Several account types and 400+ assets provide trading opportunities for various types of investors and strategies. New users can also open an account and start trading in a matter of minutes.
- FXGT 3.5/5 Established in 2019, FXGT is an offshore broker providing CFD trading on 185+ instruments. Through MT4, MT5 and FXGT Trader (added in 2024), alongside a choice of five accounts (Mini, Standard+, ECN Zero, PRO and Optimus), FXGT caters to a broad spectrum of short-term traders.
- xChief 3.0/5 xChief is a foreign exchange and CFD broker, established in 2014. The company is primarily based offshore and registered with the MISA on the Island of Mwali. Users can choose between a wide selection of accounts and base currencies, making xChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders, though these come with strict terms and conditions.
- InstaForex 3.2/5 InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading. Millions of traders have opened an account with the firm which offers a suite of active trading and investment opportunities.
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| XM | 3078 | ||||
| Grand Capital | 98 | ||||
| FXGT | 1709 | ||||
| xChief | 140 | ||||
| InstaForex | 551 |
XM
With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders.
Christian Harris, Reviewer
XM quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
- Regulator
- CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE
- Platforms
- MT4, MT5, TradingCentral
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, JPY, ZAR
Pros
- XM’s growing roster of 1,400+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
- XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
- XM’s customer support has delivered over years of testing, with 24/7 assistance in 30 languages, response times of under 2 minutes and a growing Telegram channel.
Cons
- Although trusted and generally well-regulated in some regions, XM also has global entities registered with the weak regulators like FSC (Belize) and FSA (Seychelles), whilst UK clients are no longer accepted, reducing its market reach.
- XM is falling behind the curve by not offering cTrader, which is favored over MetaTrader by some serious traders for its smoother user experience and superior charting package.
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable solution for a more beginner-friendly user experience with unique features.
Grand Capital
Grand Capital may appeal to traders familiar with MetaTrader, plus passive investors interested in copy trading and LAMM solutions. However, this comes at the expense of regulatory oversight and a checkered history of regulatory warnings.
William Berg, Reviewer
Grand Capital quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies
- Platforms
- MT4, MT5
- Minimum Deposit
- $10
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, JPY, CHF, RUB
Pros
- GC Invest platform for copy trading
- Wide selection of payment methods and account currencies
- Micro account for beginners
Cons
- High spreads on some assets
- Limited regulatory oversight
- Basic education and market research
FXGT
FXGT, especially with its Optimus account, targets day traders seeking extremely high leverage of up to 1:5000, offering the potential for amplified profits and losses, though at the cost of robust regulatory protections.
Christian Harris, Reviewer
FXGT quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- FSCA, FSA, CySEC (institutional clients), VFSC (institutional clients)
- Platforms
- FXGT Trader, FXGT App, MT4, MT5
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, JPY
Pros
- FXGT stands out after introducing access to over 30 popular cryptocurrencies such as Bitcoin, Ethereum, etc. This is advantageous for traders interested in diversifying into digital assets and provides an additional market to explore beyond traditional forex and stocks.
- FXGT supports multiple platforms, including MT4, MT5, and its proprietary FXGT Trader, added in 2024, catering to different trading styles, such as MetaTrader's automated trading with Expert Advisors (EAs).
- Five account types are available to suit different trading needs, including accounts for beginner and advanced traders, plus the Optimus account, which was built for day traders and now offers the highest leverage we've seen up to 1:5000 (amplifying profit and loss).
Cons
- While FXGT offers some research, such as its market analysis section and an economic calendar, they are not as extensive as those provided by brokers like IG. Traders looking for detailed analysis, in-depth reports, or third-party research will find FXGT's resources woeful.
- FXGT offers a subpar selection of around 185 assets, which is limited compared to category-leading brokers like Saxo with its 72,000+ instruments. In particular, FXGT does not provide access to a wide range of stocks from international markets.
- FXGT is regulated by regional authorities like the Seychelles FSA and South Africa’s FSCA for retail clients, but still does not hold licenses from top ‘green tier’ regulators such as the UK’s FCA or Australia’s ASIC. This means that traders may not benefit from the higher investor protections, stringent oversight, and dispute resolution mechanisms.
xChief
xChief continues to prove popular with users looking to trade CFDs on the MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to higher-volume, seasoned traders.
Christian Harris, Reviewer
xChief quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Metals, Commodities, Stocks, Indices, Crypto
- Regulator
- MISA, SCA/CMA, FSCA (intermediary), AFSA (Pro Clients and Market Counterparties)
- Platforms
- MT4, MT5
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, JPY, CHF
Pros
- xChief accepts clients from jurisdictions that Tier-1 brokers exclude due to regulatory complexity — traders in regions where major brokers won't onboard accounts can still access forex, metals, and CFD markets. This trades regulatory protection for market access, benefiting traders in emerging markets facing exclusion from the international forex infrastructure.
- xChief demonstrates reliable withdrawal execution, with most methods clearing within 24-48 hours — notably faster than offshore competitors, where 3-5 day delays are standard. Card withdrawals that take 3-5 days at Tier-1 banks often clear in 1-2 days through xChief's processors.
Cons
- The xPRIME account uses a 50% stop-out level, compared with 30% for lower-tier accounts, meaning positions liquidate earlier during drawdowns. The premium account, supposedly offering better conditions, actually provides less breathing room during volatility while charging USD a 3 per side, per lot commission and requiring a USD 500 minimum.
- xChief offers little beyond vanilla MT4 and MT5 installations identical to hundreds of other brokers — no TradingView integration, no cTrader - just a basic mobile trading app.
InstaForex
InstaForex is a good choice for currency traders familiar with the MT4 and MT5 platforms. The broker offers more forex pairs than most rivals with very tight spreads and a low minimum deposit.
William Berg, Reviewer
InstaForex quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, shares, indices, metals, oil and gas, futures, cryptos, binary options
- Regulator
- BVI FSC
- Platforms
- MT4, MT5
- Minimum Deposit
- $1
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR
Pros
- Wide market access with hundreds of assets
- Reputable brand that over seven million investors have signed up to in the last 15+ years
- MT4 and MT5 integration
Cons
- Mixed user reviews on third-party sites, including some complaints of withdrawal issues
- The broker’s website and Client Cabinet can feel tricky to navigate
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 a no deposit bonus (NDB) 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 among brands.
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.
Always consider your own trading habits, as these may impact the chances of triggering the advertised bonus terms. Active traders are more likely to benefit from potential bonuses than buy-and-hold type traders.
The terms and conditions documents can be lengthy, so focus on eligibility, validity, the withdrawal process and trading requirements. Also use our detailed explainer that covers the dangers and gotchas of no deposit trading bonuses.
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.
Your location can also make a difference. We’ve seen in the terms of many NDB offers that they exclude certain countries. That’s why we’ve also built dedicated guides to show the best no deposit bonuses available in specific countries where there’s a lots of retail interest, including lists of no deposit bonuses in South Africa, no deposit bonus deals in Indonesia, no deposit trading offers in Malaysia, and no deposit trading bonuses in India.
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.
Trading
Some no deposit bonus forex brokers apply a trading 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 trading 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), though it still issues guidelines that apply to such incentives. Are you a South African resident? Check our round-up of the best no deposit trading bonuses in South Africa.
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.
Want to learn more? Find out why many top regulators have banned retail trading incentives, including no deposit bonuses.
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.
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.
Our guide on the often hidden terms attached to bonus deals, including no deposit bonuses, is a sensible read before you opt in to any offer.
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.
Bottom Line
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. See the list of our top recommended brokers with no deposit bonuses.
Also, remember that no deposit bonuses aren’t safe or suitable for all types of traders. Our step-by-step guide to evaluating bonuses can help you decide yourself whether to accept or reject a no deposit bonus deal.
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.
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.
Can I Trust A Broker With A No Deposit Bonus?
Sometimes. There are several trusted forex brokers with no deposit bonus offers. But be sure to understand the withdrawal process, eligibility and full terms and conditions before opening an account.