I am going to show you best forex bonus opportunities according to Top Forex Broker List I made. If the name of the company doesn’t appear in the article although it finds a place in top 20, this means the broker hasn’t any bonus or promotion available.
Note that many bonuses and promotions have a time limit. So this type of article requires updating regularly. That’s exactly what I am going to do.
What is a Forex Bonus and What Should You Understand?
Forex Bonuses are a kind of offer made by forex brokers to their clients. Thanks to forex bonuses, brokers aim to attract more clients. Investors also aim to make more profit.
Every forex trader, regardless of trading experience and strategy, wonders about forex bonus promotions offered by the brokers.
Some brokers offer a certain amount of credit under the name of the bonus after their investors open an account and fund their forex trading account. This bonus type is known as forex deposit bonus.
There are even forex brokers that give you a bonus without making a deposit. This bonus is not allowed to be withdrawn but it allows you to trade with a larger account in addition to the original deposit. In another meaning, it is additional leverage.
But the profit you make with this bonus type is withdrawable under certain conditions. That’s why the free bonus issue is considered important by some investors. This bonus types is knows as no deposit bonus.
Best Forex Bonuses in 2020
In this article, I have found and listed the best forex bonuses in 2020.
- I also wrote important terms and conditions for each one.
- I also explained what types of bonuses they are.
- Thus, in the Categories of Forex Bonuses subheading, you can find the points to be considered about the relevant bonus type.
- I made the ranking considering the most reliable brokers and advantageous bonuses.
I hope you can trade advantageous in forex thanks to this article.
1. XM Forex – $30 No Deposit Bonus and %50+%20 Deposit Bonus
XM forex is one of the most preferred forex brokers. It is also on the top of my list. It has licenses from different regulators. It also serves in many languages.
First, I will announce the $ 30 no deposit bonus offered by XM Forex. You do not need to deposit to claim this bonus. Just open an account and confirm your account. You can withdraw your profits you make with this bonus.
Secondly, I would like to mention the deposit bonus offered by XM. The two-tier deposit bonus offers 50% deposit bonus up to $500 and 20% deposit bonus up to $5,000.
Note that: “Clients registered under the EU regulated entity of the Group are not eligible for the bonus”
2. Olive Markets – 15% Welcome Bonus & Deposit Bonuses
Olive Markets is one of the best forex brokers who offers attractive trading conditions. It is a regulated forex broker and provides investor protections. Also, the broker offers bonuses and promotions for its clients.
The first bonus is Olive Markets welcome bonus. If you open an account with Olive Markets, you will be able to obtain the 15% first deposit (welcome) bonus. The minimum deposit for Olive Markets is $100.
The other one is the “refer a friend” bonus. When you refer a friend to open an account at Olive Markets, the broker gives you a $100 bonus and your friend will get a 15% bonus.
There is an account transfer bonus offered by Olive Markets. This bonus enabled when you transfer your entire account to Olive Markets. You can get the %15 bonus when you transfer your account.
The last one is the crypto deposit bonus at Olive Markets. If you fund your account via Crypto, not only can you fund your account 24/7 but also earn a 5% Extra Bonus on all investments.
3. FXTM – Loyalty Program
FXTM is also one of the most preferred forex brokers in the world. It continues to attract investors with various forex bonuses.
This bonus type offered by FXTM is called the loyalty program. If you get more out of trading with real, withdrawable cash. The more you trade, the more you can get paid.
FXTM bonus promotion offers you to get $5 back in cash every time you trade and have the chance to earn up to $10,000. You can rade up through five loyalty levels with larger rewards at every stage.
To claim your bonus, sign up for a new account, or login to MyFXTM.
Register for the FXTM Loyalty program after you read and accept the T&Cs.
Trade and receive your weekly cashback.
4. Tickmill – $30 No Deposit Bonus
The $30 no deposit bonus offered by Tickmill is eligible for investors who will open an account for the first time. Each investor can claim this bonus only once. There is no fee. You do not need to make a deposit. You can withdraw the profits made by using this bonus.
Trader of the Month bonus is also offered by Tickmill. Every month the broker chooses the best of the best among its skilled clients and award the top-performing trader with a $1,000 prize.
This bonus type is not in the automated system. After opening an account, you need to contact the account manager for the claim.
5. Pepperstone – Active Trader Rebate Program
Pepperstone does not offer a deposit or nodeposit bonus, in principle. Instead, they offer a program in a kind of rebate bonus category.
In the Active Trader Program, investors earn cash rebates based on the lot volume of the month they trade. There are 3 level rebate programs according to lot volume.
You can earn 10% cash rebate per lot up to 100 lots per month. If you have volume as 200-500 lots per month, you can earn %15 rebate per lot. If you have a FX volume of 500 lots or more per month, you need to contact to the client manager for your rebate percentage.
Pepperstone offers the refer a friend program is aimed at rewarding its clients who invite their friends or family to trade with them. To be eligible for the $100 USD bonus, your referral must meet the following criteria; the referral funds their account with more than $1,000 USD and trades at least 5 FX lots.
6. HotForex – %100 Credit Bonus and Other Bonuses
Hot Forex brokers bonus provides many opportunities and they explain the conditions thoroughly.
One of them is Supercharged Bonus and it’s for every client. It doesn’t matter whether an initial $250 deposit or further deposits of $250. You can rebate $2 for every lot traded. But, a maximum limit applied for rebates. Totally you can withdraw $8,000. Also, there is the maximum amount of bonus which is $50,000.
The other HotForex bonus one is 30% Rescue Program. The program is for all customers. But, if customers have multiple accounts, they can use this program for only one of them. Also, the program is available for deposits which exceed $50. The total amount of bonus is $7,000.
Finally, I will explain 100% Credit Bonus. There isn’t a time limit, but the volume requirement. You need an initial deposit that values at least $100 or equivalent in other currency. The bonus is only available for FIX account, Premium, Micro and Islamic accounts.
7. FBS – Trader 100 No Deposit Bonus
FBS offers its clients $100 No deposit bonus. FBS is one of the well-known forex brokers in forex industry. You can start forex trading with $100 without depositing. This bonus program is for new traders.
The best part of the bonus is it is not a demo account. FBS gives you free $100 to trade. It is real money and real account to start Forex trading. Thanks to this bonus you can learn how to trade an make a real profit with no need to get your own money.
You can also withdraw $100 if you trade 5 standard lots with this $100 no deposit bonus. However, there is no chance to withdraw the bonus. It is only for trading. It cannot be withdraw.
To apply the FBS no deposit bonus, you need to register an account by using the above link. Then, you need to verify your profile. You can receive FBS $100 no deposit bonus for 30 active trading days.
8. Dukascopy – Bonus Programs
Dukascopy offers some particular bonuses. One of them is Equity Bonus.
Dukascopy offers 10% Bonus of the account equity for trader’s trading accounts. Clients of the broker can get the bonus during 30 days since they made a deposit on their account. The bonus will be added to the account equity right after application and it can use for trading as additional margin.
The bonus amount is %10 of the client’s current equity of the account when the client claims for a bonus. The available amount of maximum bonus is $50,000 for per client.
The other is volume trading commission discount program. Dukascopy offers its clients to get a 20% discount ın volume trading commissions. Clients can get for the 20% discount within 30 days since they made a deposit on their account.
The discount is valid only for volume trading commissions paid by client after successfully subscribing to the program. The accrued discount is calculated and displayed in online reports.
There is also an Anniversary bonus. Dukascopy celebrates its 11-year anniversary and it offers its clients an opportunity to get %100 bonus of the account equity. The bonus amount is 100% of the client’s current equity of the account when the client claims for a bonus.
9. EasyMarkets – Deposit Bonus
EasyMarkets offers First deposit bonus to all traders who make a first deposit $100 or above. The bonus amount is percentage based and the client’s first deposit as specified.
The bonus amount based on first deposit:
When you deposit $100 – $199 you can claim 30% bonus, deposit $200 – $1000 the bonus will be 50% and if you deposit $1001 – $5000 you can get 40% first deposit bonus.
Bonuses are for trading purposes only; they cannot be withdrawn, they are non-transferable and they are non-refundable. If you don’t complete any trade after 30 days from the day that you get the bonus, easyMarkets will debit the Bonus amount.
10. HYCM – 10% Credit Bonus
HYCM offers its clients %10 Credit Bonus on every deposit that they make over $100. The maximum amount of bonus that clients get is $5,000.
Profits can be withdrawn but the bonus cannot. For every $1,000 bonus, the client will be required to trade 30 standard lots within 60 days, otherwise HYCM reserves the right to reverse the bonus given to clients.
This bonus offer is only applicable to clients of HYCM Limited, regulated by the Cayman Islands Monetary Authority.
11. InstaForex – No deposit Bonus and Other Bonuses
Instaforex offers $3500 no deposit bonus to its clients. The no deposit bonus from Instaforex is a very good offer to start forex trading.
The bonus is not available for withdrawal of course. However, profits gained from the bonus funds can be withdrawn.
There are also other bonuses such as %100 bonus, %55 bonus and %30 bonus. %100 bonus is First deposit bonus and profits are withdrawable.
Clients of this broker can claim %55 and %30 bonuses for every deposit. However, there are some differences between these two bonuses. For example, the stop out level is %100 for %50 bonus but it is %10 for %30 bonus.
12. Finq – Welcome and First Deposit Bonus
Finq Welcome bonus is available for all clients who opens an account with the company. It is $50 and immediately available for trading. It does not depend on deposits. You can withdraw the profits and your deposit.
For example if you deposit $200 and get $50 bonus, you make $25 profit, you can withdraw $225. The bonus expires after 30 days.
The other bonus is First-time deposit bonus. It depends on what you deposit. If you deposit minimum amount ($100) the bonus is %20. The percentage of bonus increases to %30.
The bonus can be withdrawn if you reach the trading volume required for the entire amount of the bonus granted to you.
13. RoboForex – Welcome Bonus
Roboforex new clients can get Roboforex $30 welcome bonus if they complete verification successfully. The bonus gives extra funds to clients and they can use it for trading at least cost to their investments. You need to deposit at least 10 USD to your account using the bank card to receive the Welcome Bonus.
RoboForex Classic Bonus is an attractive offer. The bonus is up to 115% and it depends on your deposit. You just deposit funds to your account and receive 50%, 100% or even 115% of deposited sum. The more you deposit the more you receive bonus.
You can get 50% bonus if you deposit up to 300 USD, can get 100% bonus from 300 USD to 500 USD and 115% bonus from 500 USD.
14. CMC Markets – $200 Welcome Bonus
The broker offers $200 welcome bonus for new clients. The Bonus will not be available to withdraw (i.e. included within your Account Value) until your Account reaches any of the following thresholds:
(a) Earns AUD $500 or more in Realized Profits;
(b) Generates AUD $120 or more in Commission; or
(c) Places Trades with turnover in aggregate greater than AUD $1,000,000.
15. Vantage FX – 50% Welcome Bonus
Vantage Fx welcome bonus gives clients more trading power. All you have to do is open a live account and claim your welcome bonus. It tailored exclusively for Vantage FX Standard STP accounts, you have to make a deposit of up to $500, and they will give an extra 50% bonus equity to trade with.
Clients must make a minimum initial deposit of $200, and up to $500 to participate (original deposit) in this offer. This offer can only be redeemed once per client account. You may withdraw your original deposit at any time – however, if you opt to withdraw, your 50% trading credit will also be removed from your account accordingly.
16. Grand Capital – 500$ No Deposit Bonus
Grand Capital offers $500 no deposit bonus on real account. It allows clients to try more. It is no deposit, withdrawable profit. It is one of the best deal for those who learn Forex.
The profits are withdrawable after deposit. Note that bonus $500 is a Welcome-bonus from Grand Capital, starting deposit is not required to start real trading. All the profit of 5 trading days can be transferred to the owners only after the account deposit.
There is also any deposit bonus %40. All profit received from trading the bonus funds is freely withdrawable. In this time, the bonus funds pass into the client’s ownership at the rate of: $3 per 1 lot.
Bonus can be renewed every 6 months by depositing 10% of the initial sum to your account. Bonus funds can be used for drawdown.
17. OctaFX – $8 Welcome Bonus and 50% Deposit Bonus
OctaFX offers all new clients a free $8 Welcome Bonus on opening an account. Clients can use this money to trade in the live markets and gather market knowledge before putting their own money at risk.
There is also 50% deposit bonus on each deposit. It allows clients to open positions of a higher volume. You can add 50% to your welcome bonus and withdraw all these bonus funds. But, note that the 50% bonus has its own terms of withdrawal.
After trading two lots, you can withdraw the welcome bonus funds and all profit you make above this sum from your trading account, using via the options the broker offers. The bonuses are available for all accounts.
To claim the bonus you need to verify your account and make a deposit. You can claim the bonus manually or enable automatic bonus application for each deposit in the bonus settings.
18. Forex4you – 100% Deposit Bonus
This bonus means when you deposit into your account Forex4you will double it. The best part of this bonus is it is unlimited. It means you can deposit as much as you like the broker will double it.
You can choose the percentage of the bonus. It is important for turnover. The higher level you choose the larger trading turnover you must have on your account. The bonus is added instantly to your account in the form of a trading credit.
Which no deposit bonus forex 2020 is available? Is there a forex free bonus no deposit 2020? How much a forex brokers bonus can give an edge to you? I updated the list of best brokers with the no deposit forex broker. Continue reading for learning about the best bonuses and promotions. Let’s look at the forex no deposit bonus 2020 together.
Understanding Forex Bonuses
Forex brokers offer bonuses for many reasons. Basically, the main motivation is to reach more customers. At this point, bonuses become advantageous for both traders and forex brokers.
Because investors also trade more advantageously thanks to the bonuses they earn. In addition, investors who want to try a forex broker can try to minimize the risk thanks to these bonuses.
Forex companies that give bonuses without depositing money call this situation “no deposit bonus”. If you get a no deposit bonus, you will not be able to withdraw this money. Otherwise, everyone will open an account and withdraw the bonus without making any deposits or making any transactions/trade. After all, in order for the system to work fairly, there must be a deposit limit in addition to this bonus, and an obligation to make a certain volume of trades.
Assume that you opened a new account, they can grant you $30 bonus immediately and then a 100% bonus up to a $5,000 deposit. For example, when you open an account with $5,000, you will get another $5,000 as a credit. And total, you will have $10.000. With this, you double your leverage. In fact, the correct use of bonuses should be like this. Bonuses are not like free money. With bonuses, you will increase your leverage without taking any risk from the trades you have opened.
In addition to these, there are also a bunch of forex companies that provide bonuses. But most of them are unregulated. They are doing it because they can’t find other sources of attraction. And in this way they are trying to attract investors. But I think this is a short-term solution because they promise too many bonuses and they can’t give them to their investors. They hide sentences between the lines which leads the forex bonus campaigns ineffective. Because of this, forex brokers that giving too much bonus could be a problem. Instead of this it would be wise to choose forex bonus campaigns that are modest and trustworthy.
Free bonus is very important for investors but I think finding a trustable broker is more important than factors like spread, bonus and leverage. Choosing a broker just because it offers a higher bonus might be the wrong choice. I warn investors about this situation almost with every blog post I write. Because like I said, security of your investments should come first. Bonus shouldn’t be the only criteria while choosing a forex company to invest.
What are the pros of forex bonuses:
- Can be used for a risk-free test before opening a real account.
- Thanks to the no deposit bonuses, the psychology of a real forex account can be discovered by leaving demo account psychology.
- Deposit bonuses will increase your margin level.
- Thanks to the Rebate programs, you can reduce the cost by getting back some of the commissions you have paid.
What are the cons of forex bonuses:
- Scam brokers can also attract your attention by offering generous bonuses.
- Terms and conditions should be well controlled.
Categories of Forex Bonuses
After all this information, we can group the bonuses as follows. This grouping will allow you to better understand the bonus types and choose the one that suits you. Thus you can take advantage of the advantages of the bonus you have used.
No Deposit Bonus
No deposit bonus is the type of bonus offered by brokers so you can try out the broker without any funding.
Deposit bonus is the bonus type offered by the forex brokers against the deposit you make.
In the Rebate program, you will earn cash rebate per lot according to your trading volume.
Promotions and Others
You can find various awards, forex contests anf other types of bonuses in this forex bonus category.
No Deposit Bonus
There is no need to deposit money to win a no deposit forex bonus. Brokers offering this bonus usually offer a bonus of around $ 30. The purpose of investors’ use of no deposit bonus is not to make money or trade without risk.
The main purpose here in forex bonus no deposit is to examine the trading conditions in the broker. So you can have an idea about the broker and test the trading platforms. In fact, this bonus goal is similar to the purpose of a demo account. While using a demo account, the goal is to test yourself.
However, this is not realistic because there is no real money in the demo account. Both the demo account and the no deposit bonus are no risk however you have the opportunity in one. In the type of deposit bonus, if you trade successfully, you will be able to withdraw money after you have achieved a certain amount of your winnings. No deposit bonus forex is that you are testing both yourself and the broker. Here I listed no deposit bonus forex brokers of top 20 brokers by my score given in the reviews I made.
Another issue that investors wonder is forex no deposit bonus withdraw profit 2020. Every customer wants to withdraw broker bonus no deposit.
The deposit bonus is usually offered as a percentage by forex brokers. If you make a deposit, you will earn a bonus at certain times. For example; If a forex broker offers a 20% deposit bonus, you will get $ 200 when you invest $ 1000. Other conditions may vary by company. Some companies are constantly giving deposit bonus, while some companies only issue bonus campaigns in some periods. Generally, the bonus can’t be withdrawn as money. This may vary from one firm to another, and some companies are putting a limit on trading a particular lot. For example; The company says you that when you trade 500 lots, you can withdraw this bonus as money. There are brokers who rarely make this a no deposit bonus type. This type of bonus is usually applied when the economic calendar is to disclose important data. Thus, investors will be able to better evaluate this period, as well as brokers.
Forex welcome bonus is the type of bonus given for initial investments. Usually, it is higher than the deposit bonus. Similar to the deposit bonus, usually presented as a percentage. So when you trade for the first time in a broker, you will be protected a little from adverse effects. If you are satisfied, then it is an important factor in choosing this institution. Therefore, this bonus is paid attention by brokers. It is important that it is the moment of the first meeting with the investor.
The main aim of forex trading companies’ promotions is to making trading more exciting. They offer you smartphones, coupons for signals, trader of the month award or partnering bonus.
Tickmill Trader of the month
Well, if you trust yourself, you can be Trader of the month. The company will check your skills like how much profits you made, how do you manage your money and how do you deal with risks. Assuming that you were really best in these areas in last month, you will receive $1,000 prize. But demo accounts don’t count. Since emotions play the minimum role on demo accounts, it’s easier to decide rationally on your demo account. You need to realize this success when you have a real account.
FP Markets Reimbursement
If you trade at least 10 lots with your standard FX account or 20 lots with your RAW FX account, the broker is willing you to give the money you paid for VPS service. But there is a maximum limit for your reimbursement.
Would you like to have fun while earning money? Then, forex contests are for you. Assuming you won a forex contest, there are two possibilities. The firm can grant you money that you can withdraw or credit for trading. You can join competition of trading, live trading performance, market analysis or guessing the price of an asset. Before, many forex firms were granting special bonus also. But, currently, this is quite rare.
Refer a Friend
If you have already an account in Swissquote, I have good news for you. Find someone interested in trading and sponsor him/her for a live account. This will make both of you earn CHF 100 Credits. The good thing is there is no limit for a number of your friends. You will get the same amount of money for a new account you sponsored.
You can refer your friends to easyMarkets and earn up to $750.
Find someone to open an account in CMC Markets then gets $250 bonus each for yourself and your friend. Good thing is, there is no limit for this bonus.
They want you to tell your friend about the firm if you are satisfied with their service. There are two different bonus types by platforms: standard IRESS account referral bonus and standard MT4/MT5 referral bonus. In standard IRESS account, you and your friend will receive $100 each. But for standard MT4/MT5 account, the broker only grants money to you depending on your friend’s initial deposit. Between $500 – $999 deposit, you will get $50 bonus. The firm will give you $100 for $1000 – $2499, $200 for $2500 – $9999 and $300 for more than $10,000 initial deposit.
What is Forex No Deposit Bonus?
Forex no deposit bonus is a type of bonus that can be benefit without requiring any deposit. It is a tradable bonus in live forex accounts.
What is the best no deposit bonus forex 2020?
There are so many no deposit bonus forex offered by the forex brokers. You can find all in this article. It includes the best forex bonuses.
Is it possible to withdraw forex no deposit bonus profit?
Yes some brokers let withdraw no deposit bonus profit. For example XM Forex. But if you withdraw the profit you make, your bonus will be eliminated according to your withdrawal.
What is Deposit Bonus?
The deposit bonus is the type of bonus given by the forex brokers as a percentage usually. It varies from broker to broker. This article has also the deposit bonuses.
What is Welcome Bonus in Forex?
The welcome bonus is the type of bonus given in the initial deposit. When you work with a new broker, you can benefit from this first investment bonus.
How to claim Pepperstone Bonus?
If you refer someone to Pepperstone and they fund their account with more than USD1,000 (or equivalent) plus trade at least five standard FX lots, Pepperstone will deposit USD100 (or equivalent) into your trading account to say thanks.