Best Forex Brokers with No Deposit Bonuses

Here is our list of forex brokers offering a no deposit bonus.

What is a Forex No Deposit Bonus?

A no-deposit bonus is a promotional offer brokers use to attract new clients and encourage people to start trading. It is a bonus that you get before making a deposit. For example, you might get a small bonus for completing the online registration or verifying your contact information.

There are many advantages to choosing forex brokers that give no deposit bonus. A forex bonus can help you boost your trading capital. This means you have more money to trade with and more opportunities to trade profitably. It can also help you reduce any risk to your capital and allow you to test a broker’s services using their bonus funds.

What Types of Bonuses do Brokers Offer?

Forex brokers offer bonuses to customers for completing specific actions. Bonuses can be used as a form of marketing or as part of a loyalty program. Some bonus programs are only available to customers who deposit in the first place, while others are open to everyone.

When considering forex no deposit bonus in Nigeria, it is essential to understand the different types of bonuses available. Forex brokers may offer cashback bonuses or trading bonuses. A trusted forex broker with no deposit bonus will provide you with both cash back and trading bonuses.

Cashback bonuses are typically paid through a deposit into your broker’s account. These bonuses may be offered as a one-time gift or as part of an ongoing bonus program. The no-deposit forex bonus for Nigeria will vary from broker to broker and month to month, but many brokers offer up to $500 in cash for new clients.

Trading bonus programs are generally more lucrative than cashback programs because they can be used for trading or reinvested into your account once your initial investment has been used.

The no-deposit bonus is a promotional trading bonus given by the broker to encourage new customers to join its platform. The more significant your deposit, the higher the percentage. New forex brokers no deposit bonus can be up to $1000.

In addition to paying out bonuses, the best forex brokers with no deposit bonus will also provide further benefits such as free access to premium services like 24/7 live chat support or access to personalized training videos that can help guide you through successful trading strategies.

Why trade with a forex bonus?

There are lots of advantages to choosing forex brokers with no deposit bonuses. A forex bonus can help you boost your trading capital. This means you have more money to trade with and more opportunities to trade profitable. It can also help you reduce any risk to your own capital and give you the opportunity to test a broker’s services using their own bonus funds.

How to Apply for a NO-deposit Bonus

Most forex brokers only offer bonuses to new clients. To access a no-deposit bonus, you usually need to complete the minimum required steps, such as registering for an account. That said, every real no-deposit bonus forex broker has its unique offers, its eligibility requirements, and its terms and conditions. It’s essential to check these requirements before you get started.

Comparison of the Best Forex Brokers with no Deposit Bonus in Nigeria

Forex no deposit bonus in Nigeria is a great way to start your trading career. You can also use this to save some money in your trading account. If you are looking for the best forex no deposit bonus brokers in Nigeria, then we have good news. Many forex brokers offer cashback and no-deposit bonuses. If you are interested in finding a forex broker that gives no- deposit bonus, check out our breakdown below.

No Deposit Forex Bonus Without Verification

Almost all forex brokers require you to verify your account before you can get a no-deposit bonus. We shall be looking for new brokers that don’t require verification.

$ 20 NO Deposit Forex Bonus

Plus 500: Plus500 is a European broker offering some of Nigeria’s best trading conditions. It is regulated by Cyprus Securities and Exchange Commission. The company was established in 2005 and has offices in London, Cyprus, and United States.Plus500 has a no-deposit bonus of $20 when you open an account with them. This is not the only bonus that Plus500 offers, but it’s undoubtedly one of their most popular.

Forex NO Deposit Bonus – 30$

XM Forex: XM Forex offers a no deposit bonus of 30$. This means that you can access their trading platform and start trading immediately, with no initial investment necessary. If you’re looking for a reliable broker with a generous free trial period and a low minimum deposit, XM Forex might be your broker.

$100 NO Deposit Forex Bonus

FBS Forex: FBS is one of the brokers that tops our no-deposit bonus forex list. The company offers a $100 no-deposit bonus for new traders and allows them to start trading in their accounts. They also offer special promotions for traders who want to earn more money.FBS Forex Brokers offers a wide range of products, including CFD trading, currency pair, spread trading, futures, options, and forex trading on margin. Their website is user-friendly, so no complicated registration process is needed to join FBS Forex Brokers.

$150 NO Deposit Forex Bonus

Amega Fx: Amega Fx has a no-deposit bonus offer of $150 that you can claim by opening an account with them. The best part is that no hidden fees or other extra charges are added on top of your money when you trade using their platform. If you are looking for a reliable broker with great support and customer care, then Amega Fx should be among your first choices.

No Deposit Bonus – 200$

IC Markets: IC Markets is a leading online trading broker for FX and CFD trading. It has a no-deposit bonus of $200, which you can use to trade on the platform. The broker offers a comprehensive range of trading and investment services to traders around the world. The broker has been operating since 2007 and provides its clients with a wide range of products, including foreign exchange, currency pairs, commodities, and stocks. They offer a variety of trading platforms, including MetaTrader 4 and MT5, as well as mobile trading apps for Android and iOS devices. The ASIC in Australia regulates IC Markets, so they are safe and secure when trading forex currencies or CFDs.

$500 NO Deposit Forex Bonus

InstaForex: InstaForex offers its new customers a $500 NO Deposit Forex Bonus. The bonus is available to all new clients who sign up for an account through Insta Forex’s website. The bonus is valid for the first 90 days, so you will have plenty of time to enjoy it before it expires! Insta Forex has been operating since 2007 and has made a name for itself as one of Nigeria’s best online forex brokers. It offers several different trading platforms for currencies, stocks, and commodities. The company also offers its clients educational resources like videos and webinars.

$1000 Forex NO Deposit Bonus

FX Centum: FX Centum is one of Nigeria’s best forex no deposit bonus brokers. They have a $1,000 NO Deposit Bonus, which is more than many other brokers. So if you’re looking for a no-deposit bonus, FX Centum is worth considering! Fx Centum has an impressive client base of over 1 million traders from all over the world! Its clients come from countries like France, South Africa, United States and many others! This brokerage has a free platform that allows you to trade on major currency pairs (USD/EUR, GBP/JPY, AUD/CAD, NZD/USD) and some less familiar pairs like EUR/AUD and USD/CHF. You can also trade in commodities like gold and crude oil.

Common Rules by No Deposit Bonus Brokers

No Deposit Bonus Brokers are popular because they offer great promotions and bonuses to new traders looking to make a lot of money from trading forex. However, there are some standard rules by no deposit bonus brokers that you should know before choosing one of these brokers:

1. The bonus is valid only for a limited period.
2. You cannot withdraw the bonus, but you can only withdraw profits from trading with the bonus. This is because some brokers want you to fulfill certain conditions (usually a minimum amount of trades). These conditions vary by broker, and checking with them before signing up is essential.
3. The other thing to keep in mind is that you must trade the minimum lot requirements set by your broker. This is usually around 10k-$20k, but again it depends on your broker.
4. Finally, claiming bonuses using multiple accounts is not allowed—even if they’re all owned by the same person!

How to Choose a No Deposit Bonus Forex Broker?

Choosing a Forex Broker can be very demanding, and, in many ways, it is more complicated than choosing a public company to invest your money in! There are many things you need to look out for, and hundreds of brokers are currently operating.

Choose a regulated broker

The first step to choosing the best Forex broker with no deposit bonus is to look at their regulation. You want to ensure that a recognized authority, such as CySEC or FCA, regulates the broker. This will ensure that your money is safe and protected. A good Forex broker will also be transparent about their policies and procedures, which can help you better understand what it means to trade at their platform.

Broker’s official reputation (Read both good and bad reviews)

Before choosing a no-deposit forex broker, you should read good and bad reviews. It’s crucial to find out how people responded to their services. If you can’t find any reviews on the broker’s website or in their promotional material, then look at forums like Trust Pilot, where traders will post their reviews and experiences with brokers.

If there are many complaints about a broker, it is not recommended to use this broker. Look for a broker with a positive reputation in forex and other financial markets (e.g., stocks). This will help you avoid losing money because of inadequate customer support or security issues with your account information and funds.

Read the fine print!

One of the most important things to do when choosing a no-deposit bonus forex broker is to read the fine print.

The details are not always as clear as they could be, and some brokers will offer more than one type of bonus. Therefore, you need to be aware of what you are getting into before you make any decision.

If you want your first deposit to count towards your trading capital, you must ensure that the broker offers this option. Other than this, there are other things that you should consider before depositing with any broker.

Look beyond just huge bonuses

Forex brokers offer a variety of bonuses, from the small to the grand. A few even go as far as offering no deposit bonuses that allow you to start trading immediately.

If you’re looking for a forex broker with no deposit bonus, there’s a good chance that most of the ones listed here will be able to offer you a special deal. But it’s essential to look beyond just huge bonuses and see what other features a specific broker offers to choose the right one for you.

Here are some things to consider when choosing a forex broker with no deposit bonus:

• Mobile Trading Platforms: The number of mobile trading platforms has increased dramatically in recent years due to the growing popularity of smartphones and tablets. Most forex brokers have at least one platform available on their websites so that clients can trade on their phones or tablets without downloading any additional software or apps onto their devices. They also usually provide access to demo accounts so that novices can test-drive their services before they open up actual trades with real money.
• High-Frequency Trading (HFT): Some of the best no-deposit bonus forex brokers allow clients to take advantage of high-frequency trading (HFT) strategies by offering access to their platforms via a direct connection. This allows traders to jump in and out at the speed of light, which is why it’s vital for brokers offering this feature to have lightning-fast response times
• Payment options: The best no-deposit bonus forex brokers offer a wide range of payment options to accommodate their clients’ preferences. These include debit cards, wire transfers, credit cards, and even PayPal.
• Account features: One of the most important things to consider when choosing a No Deposit Bonus Forex Broker is the range of accounts available. Look at accounts with the best leverage, margin requirements, and trading conditions. Some brokers also restrict specific trading strategies, making it difficult to find one that meets your needs.
• Market range: No Deposit Bonus Forex Brokers offer a wide range of options for trading, including forex, commodities, indices, and stocks. However, it is essential to note that not all brokers offer all markets. Some brokers offer only one or two types of trading and may not be able to provide you with the full range of trading opportunities that you want. If you’re looking for an option with more markets, you may want to consider a broker with a wider variety of instruments.

The Difference Between a Forex Deposit Bonus and a NO-deposit Bonus

A forex deposit bonus incentivizes you to open an account with a broker. You get money for doing so, which will be credited to your account as soon as you deposit funds into it.

The amount varies from broker to broker, but it’s usually around $10-USD 1,000. This type of bonus is typically meant for new traders who have never had any experience with forex trading before.

On the other hand, a NO-deposit bonus is simply an offer that allows you to trade without making any deposits. Many brokers offer this type of offer, and some even let you use their platform without depositing any money!

How to Choose the best NO-deposit Forex Bonus

Here are a few key things to look out for when choosing a forex broker:

Regulation – A reputable regulatory body licenses the top forex brokers. It is important to check their regulatory status. It is also essential to see if they offer negative balance protection and a good level of client fund protection.

Trading Conditions – The top brokers will offer a wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies. Try to also find brokers with fast trade execution, high leverage, and low trading costs.

Trading Support – Top forex brokers usually offer free educational courses and technical analysis. Look for a forex broker that offers all the trading tools you need, including EAs, chart indicators, and a VPS service.

Summary

We assembled a list of forex brokers with no deposit bonus. These offshore regulated broker trading platforms provide great financial flexibility and opportunity to traders in the Nigerian market. Still, they also help to enhance the Nigerian capital market dynamics.

Forex brokers offering no deposit bonus allow entry-level investors access to the forex markets, supercharged with a no-risk platform for doing so. This is a risk-free way to explore liquidity hedging and trading opportunities.

Each broker we detailed in our no-deposit bonus forex list would be an excellent choice for any trader looking to enjoy the trading experience. Not only do they offer superb trading conditions, but they also take care of the well-being of their clients.

Forex Broker with no Deposit Bonus FAQs