Best Forex Brokers with Bonuses. No Deposit Bonus & Rebates

Best Forex Bonuses, No Deposit Bonus & Rebates - Updated & exclusive promotions from forex brokers.

Get Started  Top Brokers

When you venture into online Forex (FX) trading, selecting a reputable forex broker is essential. Many traders seek brokers offering a forex deposit bonus, among other beneficial features. Amidst the myriad of aggressive advertisements from various FX brokers, it can be challenging to identify genuine opportunities. These brokers often use attractive Forex deposit bonuses to entice new traders.

In this guide, you'll find the latest updates on bonuses and promotions from our top-recommended brokers. We'll break down how each type of Forex bonus works and highlight what each broker offers, enabling you to make a well-informed decision.

This section will delve into the details of deposit bonuses, their benefits, and the best strategies for selecting the right bonus. Additionally, we will explore the concept of bonus trading and its implications.

Competitions and Giveaways

10% Limited Time Deposit from OspreyFX

10% bonus on deposits, up to USD 5,000 bonus. Make a deposit and request the bonus. If you are a new client, open a new account and verify it.

Ending Date: Wednesday 01 January, 2025

Grab Exclusive Offer  

Terms: Withdrawal after trading 1 lot for each $5 USD bonus.
Available to both new and existing clients.

xm default bonus image
XM - $50 No-Deposit Bonus Offer (Country restriction)

XM offers a no-deposit bonus of USD 50 exclusively for residents of Oman, Singapore, Malaysia, UAE, Kuwait, Bahrain, and Brunei. In other regions, new clients can receive a USD 30 No Deposit Bonus. This allows for live Forex trading without any ... 

deposit or risk, providing an opportunity to begin a Forex trading career with initial trading capital. To get started, register and validate a trading account with XM, and receive the non-deposit bonus.

Ending Date: Tuesday 31 December, 2024

Grab Exclusive Offer  

Terms: All profits earned can be withdrawn. This offer is not available to clients registered under Trading Point of Financial Instruments and Trading Point of Financial Instruments UK Ltd, and may not be available in certain other regions or countries. Be sure to review the terms and conditions before applying.

$5K Rebate Session – Tickmill

Tickmill introduces a cash 3-tire rebate promotion on your trades, the more you trade the more you earn! During the promotional period earn $0.25 to $0.75 per lot each calendar month for your regular trading activity. Fund your MT4 trading account ... 

and join the cashback program. The rebate you received is fully withdrawable or further trading.

Ending Date: Tuesday 31 December, 2024

Terms: Offer is Applicable to All Clients.

$5K Refer a Friend Bonus – Pepperstone

Pepperstone Presents up to AUD $5000 Refer a Friend Bonus – Get rewarded for each of the clients referred. Assist your friends or family to experience a better trading environment. Whenever your referral makes a certain deposit and performs the required no. of lots, you will get a $5000 AUD withdrawable cash reward into your trading account.

Ending Date: Tuesday 31 December, 2024

Terms: Offer is Applicable to All Clients. The Bonus is available for withdrawing

50% Bonus on Initial Deposit – OctaFX

OctaFX Welcome Trading Bonus – Take advantage of 50% Deposit Bonus, this offer is only available for the new client for their initial deposit. Let’s grab the opportunity to start your Live trading with a 50% Bonus (up to) which will help a trader trade more comfortably and easily.

Ending Date: Tuesday 31 December, 2024

Terms: This bonus supports the margin. Offer is Applicable to New Clients ONLY.

Welcome Bonus 30 USD from RoboForex

$30 USD no-deposit bonus. If you are a new client, open a new account and verify it.

Ending Date: Tuesday 31 December, 2024

Terms: Available to new clients only. The profits can be withdrawn with no restrictions, but the bonus can be withdrawn after volume trading conditions have been met. The promotion can be changed or terminated at any time without previous notice.

xm default bonus image
XM Group | $30 No-Deposit Bonus

$30 on a live account - no deposit required.
How to get: Open a real, verified XM account.

Ending Date: Tuesday 31 December, 2024

Grab Exclusive Offer  

Terms: All profits earned can be withdrawn. Clients registered under Trading Point of Financial instruments Ltd (CySEC), Trading Point of Financial instruments Pty Limited (ASIC) and Trading Point MENA Ltd (DFSA) are not eligible for the bonus.

ospreyfx default bonus image
10% Limited Time Deposit Bonus – Osprey Fx

Osprey Fx 10% Limited Time Bonus for traders with MT4 account. Each client can get a maximum trading bonus of $€£ 5000. Each client has to trade the required no of trading lots to convert the bonus into a withdrawable account balance.

Ending Date: Sunday 31 December, 2023

Terms: Offer is Applicable for All clients. General terms and conditions apply.

ospreyfx default bonus image
10% Limited Time Deposit Bonus – Osprey Fx

Osprey Fx is an ECN Broker giving you an opportunity to maximize your deposits by 10 percent by taking part in a 10% deposit bonus campaign. This promotion is valid only for a limited period. The maximum bonus each eligible client can claim is $/€/£ 5000. The offer can be availed only once only on the mt4 account. You can convert the credit bonus into balance by fulfilling the required trading condition. The bonus funds can be used for increasing the ... 

margin requirement so the bonus funds will be removed if equity falls below the deposited amount.

Ending Date: Saturday 31 December, 2022

Terms: Offer is Applicable for All clients. General terms and conditions apply.

What is a Deposit Bonus and How Does it Work?

A deposit bonus in Forex trading is a way for brokers to reward traders for choosing their services. When you open an account with a Forex broker and start trading currency pairs, you incur certain expenses, just like any other trader. A deposit bonus compensates you for these expenses, rewarding you for becoming an active trader.

How Does a Forex Deposit Bonus Work?

Forex brokers offer various types of bonuses. Some are credited to your account after you complete trades, while others are deposited immediately once you make a deposit. For example, rebates are bonuses credited to your account after each trade, whereas regular bonuses might require a certain number of trades before they are credited.

Here's how the Forex deposit bonus process generally works:

  • Deposit Requirement: To receive a deposit bonus, you must make an initial deposit after accepting the broker's terms and conditions and successfully applying for the bonus.
  • Crediting the Bonus: Once you deposit, the bonus will be credited to your account. This can take a few hours or, in rare cases, a few days.
  • Trading to Claim the Bonus: After the bonus is credited, you can start trading. To claim the bonus as your own, usually, you must trade a required volume set by the broker.
  • Transferring the Bonus: Once you meet the trading volume requirement, the bonus money is transferred from the broker to your account, becoming your property. You can then use these funds as you wish.

Understanding the mechanics of deposit bonuses can help you make informed decisions and maximize the benefits offered by Forex brokers.

Different Types of Forex Bonuses

When diving into the world of Forex trading, you'll encounter various deposit bonuses offered by brokers. These promotions come in different forms, each with its own advantages and disadvantages. Let's explore the most common types of Forex bonuses and their key characteristics:

No Deposit Bonus

A no deposit bonus is a Forex trading incentive provided without requiring an initial deposit from the trader. Typically ranging from $5 to $50, this bonus is designed to motivate traders to engage in trading activities and hone their currency trading skills.

  • Risk-Free Exploration: Since the funds are traded on live servers, traders can experience real market conditions without risking their own money.
  • Strategy Development: Ideal for experienced traders, a no deposit bonus allows for the testing of new strategies and trading styles without significant financial risk.
  • Stress-Free Trading: Opening a no deposit bonus account offers the opportunity for stress-free trading, enabling traders to experiment and learn. Drawbacks:
  • Rarity and Trust Issues: No deposit bonuses are relatively uncommon. If you come across one, ensure the broker is reputable to avoid wasting time on unreliable offers.
  • Novice Pitfalls: Beginner traders might be tempted to start with no deposit bonuses instead of using demo accounts. This can hinder their understanding of risk management and prevent them from gaining meaningful rewards for their trading efforts.

In summary, while no deposit bonuses can be highly beneficial for testing strategies and experiencing live trading conditions, novice traders should consider starting with demo accounts to build a solid foundation before exploring such offers.

Forex Rebate

Forex rebates, often known as FX rebates, involve returning a portion of the commission or spread back to the trader’s account after closing a position. While some brokers process these rebates quickly, many opt to distribute them monthly. The effectiveness of this type of bonus varies.

To determine whether a rebate is advantageous, you need to examine the broker’s trading conditions. For instance, if a broker offers a spread of three pips on the EUR/USD pair and promises a rebate of $20 per lot (per side), it might seem appealing. However, basic calculations reveal that this is equivalent to having one pip spreads on EUR/USD. Comparatively, a broker offering 0.8 pip spreads without rebates might be a better choice.

Forex rebates can be beneficial as they provide compensation for every traded lot without requiring traders to meet specific conditions. They are quite popular and often featured on third-party websites offering Forex bonuses and promotions. However, the main criticism is that rebates often provide minimal financial benefit, merely offsetting a portion of trading expenses. Additionally, the rebate amounts are typically small, resulting in only modest savings.

In summary, while Forex rebates offer some compensation, they may not always provide significant value. Evaluating the overall trading conditions and comparing different brokers is crucial to making an informed decision.

Forex Broker with a Deposit Bonus

Choosing a Forex broker that offers a deposit bonus may well pose as the most attractive option, as many brokers provide bonuses ranging from 10% to as much as 400%.

However, bigger bonuses are not always better. In fact, opting for a smaller, more manageable bonus can sometimes be a wiser choice.

When selecting a Forex broker based on their bonus offers, it is crucial to prioritize the broker's reliability over the size of the bonus. Many traders make the mistake of picking brokers solely based on the largest bonus available, which often leads to difficulties when trying to cash out these bonuses.

To make an informed decision, start by identifying trustworthy brokers. Ensure that the broker you choose has a solid reputation, segregates client funds, and offers strong protection for your investments. Once you have a list of reliable brokers, you can then explore the bonus options they provide. Even if a broker does not prominently advertise bonus campaigns, it is worth making direct inquiries as account managers may offer custom bonuses.

Remember, the key is to select the broker first, not the bonus. This approach ensures that you can trade Forex safely and securely. By focusing on the broker's credibility and making direct inquiries about potential bonuses, you can find a suitable bonus offer without compromising the safety of your funds.

In summary, prioritize a broker’s reliability and security over the size of the deposit bonus. A well-chosen broker with a smaller bonus can provide a better trading experience and safeguard your investments.

Forex Trading Gifts

You might come across brokers offering smartphones, tablets, and other gadgets as gifts for making a deposit. While this can seem appealing, it's important to note that reputable brokers typically don't offer such extravagant bonuses. Why? Because providing expensive items right after account opening is not profitable for them.

Unreliable brokers, on the other hand, might make these tempting offers because they have little to lose. Often, these brokers fail to deliver the promised goods, substitute them with lower-value items, or cancel the offer entirely. Since they aren't concerned with maintaining a good reputation, they can afford to take the negative feedback.

In some cases, brokers might promise a gift only after you complete a certain number of trades. Although this approach is more transparent, its benefits are still limited. Instead of opting for a gift bonus campaign, you would likely be better off with a deposit bonus. The monetary value of a deposit bonus can often exceed that of a smartphone or tablet.

In summary, while gift promotions might seem enticing, focusing on the best Forex deposit bonuses usually offers greater financial benefits. Always prioritize the credibility of the broker and the actual value of the bonuses offered.

How to Choose a Good Forex Trading Deposit Bonus

Here are three easy steps to help you choose a good Forex trading deposit bonus:

  • Select a Reliable Forex Broker: Regardless of how enticing the bonuses are, the broker's reliability should be your top priority. Open an account and make a deposit only with brokers you trust, whose platforms you find user-friendly, and whose trading conditions suit your needs. Remember, your main goal is to trade profitably, making the bonus a secondary benefit. Once you've shortlisted a few trustworthy brokers, check which ones offer attractive bonuses. If you don't see any bonuses advertised, don't hesitate to ask; reputable brokers often provide custom bonus offers.
  • Evaluate the Deposit Bonus Trading Terms: Many brokers offer deposit bonuses with terms that may force you to neglect sound risk management principles. Choose brokers that provide achievable terms within your usual trading routine. Opt for terms that allow you to trade comfortably and stress-free. To ensure this, compare the days given to achieve the trading volume with your past performance over similar periods. Aim to meet only 80% of that volume. This approach lets you focus on your trading without constantly monitoring your volume, avoiding rash decisions to meet bonus requirements. Be mindful of the terms and conditions, as some brokers may limit qualifying trades to a minimum duration, which can impact scalpers.
  • Trade the Forex Bonus Wisely: Do not alter your trading strategy solely to cash out the deposit bonus. Instead, choose a bonus that complements your existing strategy. This way, earning the bonus will be straightforward. If your deposit bonus is nearing expiration and you still need to meet the trading volume, calculate the trading expenses against the bonus size. If the bonus is significantly larger, consider hedging your positions to achieve the required volume with minimal risk. Only pursue this if the broker's terms permit hedging. In summary, prioritize selecting a reliable broker, carefully evaluate the bonus terms, and integrate the bonus into your existing trading strategy for the best results.
  • Deposit Bonus Forex Broker Offers to Avoid: It might seem straightforward: open an account, make a deposit, and receive a bonus. However, this process is rarely simple, and there are often pitfalls designed to trip you up. Many novice traders mistakenly believe that the largest bonus is the best Forex deposit bonus. This is a misconception, as understanding bonuses requires carefully reading the terms and conditions.

    Brokers offering bonuses of 50%, 100%, or even 200% are often not providing anything of substantial value. Typically, such bonuses merely increase your leverage, restrict your withdrawals, and encourage risky trades. Large bonuses are usually not withdrawable, or the trading conditions attached to them are nearly impossible to meet, especially when employing proper risk management.

    The key rule is to always read the terms and conditions and look for bonuses that can actually be cashed out. Once you find a feasible Forex trading bonus, review the trading requirements to ensure they are achievable. Never choose a bonus solely because it is larger than other offers on the market. Additionally, be wary of overly attractive offers from untrustworthy brokers, as these are often scams.

    In summary, prioritize understanding the terms and conditions over the size of the bonus and avoid offers from unreliable brokers, no matter how appealing they seem.

Unlock a Trading Boost: Mastering Deposit and Withdrawal Bonuses in 2024

Looking to supercharge your forex trading experience? Look no further than deposit and withdrawal bonuses offered by select brokers. This guide equips you with the knowledge to claim these bonuses seamlessly and maximize their impact on your trading journey.

Effortless Bonus Claim: A Step-by-Step Guide

Claiming a bonus is a straightforward process that can significantly boost your trading power. Here's a breakdown of the steps involved:

  • Ensure Your Account is Ready:
    • Verification First: Double-check that your account is fully verified for a smooth bonus claim.
    • Live Account Activation: Make sure you have a live trading account set up and ready to go.
  • Initiate Deposit or Withdrawal:
    • Depositing: Initiate a deposit request, and your bonus points will automatically be deposited into your "Bonus Wallet," readily accessible on your dashboard.
    • Withdrawing: When requesting a withdrawal, you'll be presented with an option. Choose between:
      • Withdrawing funds and forfeiting the bonus.
      • Converting the withdrawal into bonus points, keeping the initial deposit in your account.
  • Bonus Points Credited: Once the deposit or withdrawal is completed, your bonus points will be instantly credited to your Bonus Wallet.
  • Convert Points to Cash: Ready to unlock the power of your bonus? It's simple - start trading! Each lot you trade releases bonus points that convert into real cash. The value converted translates into a $5.00 increase in the balance of your preferred live account, as you've designated in your account settings. These funds can be used for further trading or withdrawn at your convenience.
  • Managing Bonus Allocation (Optional): If you wish to change the live account receiving the bonus points:
    • Navigate to your account settings.
    • Locate the drop-down menu allowing you to select the preferred trading account for bonus points allocation.
    • This setting can be modified anytime to suit your evolving trading strategy.

By following these steps, you can effortlessly claim and manage your deposit or withdrawal bonus. Remember to always review the bonus terms and conditions to optimize your trading potential. In case of any questions or challenges, the broker's support team is always available for assistance.

Interested to open a proprietary trading firm?

If you are thinking to enter the Forex market and Start Your Own prop trading firm our TurnKey White Label Trading Solutions & Services are exactly what you need.

Talk to the Team

Forex trading bonuses FAQs

What Is A Forex Trading Bonus?
A Forex trading bonus is a reward offered by brokers to compensate traders for choosing their services. After opening an account, traders engage in currency pair trading and incur typical expenses. The bonus reimburses a portion or all of these expenses once the trader demonstrates active trading.
What Is A Forex Deposit Bonus?
A Forex deposit bonus requires traders to deposit funds through an account manager after agreeing to the terms and conditions. Typically, the bonus is credited to the account shortly after the deposit, although the timeframe can vary.
How do I claim a Forex no deposit bonus?
To claim a Forex no deposit bonus, you need to open and verify a new account with your broker. Verification completion triggers automatic application, or you may need to request it.
Are there any downsides to using Forex trading bonuses?
Despite their benefits, Forex bonuses come with risks. Some traders may over-deposit to maximize bonuses, leading to emotional trading and poor money management. High-risk trades aimed at meeting bonus requirements can also result in losses. It's crucial for traders to maintain sound money and risk management practices.
When can traders withdraw money when using trading bonuses?
In most cases, traders must meet specific trading volume requirements before withdrawing bonus funds. Requirements vary among brokers; some may stipulate a set number of trades, while others may impose a time period for trading activity.
What are the most common mistakes traders make with Forex bonuses?
A common mistake is prioritizing bonus offers over other crucial factors when choosing a brokerage. While bonuses are attractive, factors like spread size, commission rates, trade execution quality, and regulatory oversight are equally important. Ignoring these factors can lead to suboptimal trading conditions.
What is the best Forex bonus type for traders aiming at earning consistent payouts?
For traders seeking consistent payouts, reload bonuses are particularly beneficial. These bonuses increase trading capital by a specified percentage after each deposit, supporting ongoing trading activities. VIP accounts offering deposit bonuses can also be advantageous, providing additional bonuses to help traders achieve their financial goals.