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by Top Forex Brokers Staff on April 5, 2015

A guide to the best Forex No Deposit Bonus 2020

The year 2020 is going to be kind to the Forex trader, and if you ever wanted evidence of that, you only have to look as far as all of the best Forex no deposit bonus offers made this year. The list of these offers is incredibly long, as the number of brokers is higher than ever and the number of traders seems to be the same way. The growth of the Forex industry is prompting promotions to become more frequent and more generous, but not all of these promotions are worth your time, especially if you are just about now looking to start trading Forex. We are now going to be discussing only the best of the best no deposit bonuses since that is what you are here for.

There are many things that need to be considered when you are looking for a decent no deposit bonus 2020. Things such as where the bonus offer is coming from, how much is being offered, what is being offered, how you will be able to claim it and how much work you will have to put into actually becoming eligible to withdraw the bonus. The details are numerous and the details are important. This is why we have prepped a short list of things for you to consider and pay attention to when you try to pick out the perfect no deposit bonus for yourself. Although, even though the list is comprehensive, it might be missing details that you might discover if you did a bit of research on your own, so never say no to doing your own research.

Things to pay attention to when looking for a Forex no deposit bonus 2020

The funds being offered

This is an often overlooked issue that many seem to forget does a good job of characterizing the bonus and the broker very well. If the amount is too small, there is no point in trying to get it. If it is too high, it is suspicious. The golden area is around $30.

Terms for qualification

Most of the welcome bonus 2020 offers will only require a user to register with the broker, as expected. Some will ask you to verify your account, which is justified. But if a company asks for more than that in order to qualify for the bonus, there might be something shady happenings.

Terms for withdrawal

There are of course certain requirements you need to fulfill before you are able to withdraw a bonus, but sometimes a requirement may be a tad too hard to fulfill or a bit too strange. If the broker does not want you to withdraw your profits and deposits, then it might not be all that good.

Broker background

One of the most important details in determining whether you should be trading with the broker or not is whether the broker has had a good track record as a reliable broker. This means knowing the history of the broker, the way the broker deals with their clients, what kind of complaints they have had about them, if any, as well as if the broker is licensed by a reputable regulatory body or not.

Top 10 2020 no deposit bonus offers

Now, while we did provide you with a short introduction on how to understand whether you might want to trade with a broker or not and whether you want to take them. Since the guide is so short, we have also decided to dive in deeper into some of the brokers we find to be actually good, or interesting, and into their offers. The no deposit bonuses offered by the brokers are going to remain available throughout most of 2020, but we are not going to stop here. There will be occasional updates to the list and additions or subtractions. This will result from regular checks on the validity of the companies, the offers they are providing to their users, as well as whether we still believe that the companies are trustworthy enough. So don’t forget to check back, regularly, on this list of best no deposit bonus 2020 offers. Something new might come up, something that you might like better than what you have at the moment.

XM

XM is one of the top Forex brokers operating in the industry today. With more than two million registered accounts, these guys have established themselves in the world of Forex trading as one of the most important and reliable retail brokers. It is not easy to achieve such kind of recognition, and can only be done effectively only if the broker does their best to retain a respectable status. In order to do so, the broker has to be able to offer reliable service in terms of trading and customer support, but also be able to offer unique opportunities. In the case of XM, one of these opportunities is their welcome bonus of $30, a promotion that seems to have been going on forever, without any sign of stopping.

Get 30 USD Account Now

When it comes to the most reliably stubborn and persistently existing no deposit bonus Forex 2020 offers, the XM one seems to be the most impressive one. The offer is simple – create an account with XM, verify it, and you will have a nice and round thirty US dollars deposited into your account immediately. The users will have to fulfill certain requirements, such as the need to trade the $30 within a certain time frame, as well as having to deal with certain withdrawal limits. Although these terms seem to be rather lax, as compared to some of the other bonus offers made around the world, so many a trader will enjoy having this opportunity open to them.

forex welcome bonus 2019

Markets.com Forex Bonus 2020

Markets.com is a relatively well-known broker that has operations all around the world. These guys have been known for many things, some of them less favorable than others, but this comes with the territory and the size. After all, Markets.com has been operating for long enough to have had hundreds of thousands of users over the years. And out of all of those users, not everyone will have been satisfied with the service. Despite this, we find the company has also proven over the years that it is committed to bettering the services it offers. This can easily be seen through the increasing number of positive reviews about the company over the past few years. But it can also be easily noticed in the offers they make to users, new or old and specifically in the offer of bonus no deposit 2020 they have created.

The users are being offered a chance to register with Markets.com with a legitimate retail account, which will allow them to trade real funds on the real market. The reward is $25 deposited to their account, the moment the account is verified. The users will have 90 days to work with the bonus, and any of the profits they make will be rather easy to claim, once the users comply with the requirements of course. The terms and conditions are not too stringent, but they should still be complied with in order to be able to claim the rewards of the no deposit bonus.

Tickmill

Tickmill is one of the biggest retail Forex brokers in the UK market, and they are also one of the most reliable brokers in the industry. These guys are regulated by the UK FCA, the financial regulatory body with the highest standards for the operation of their users. Tickmill has earned itself the name of one of the best known and most worked with retail brokers in the UK, and they have managed to do so successfully and successively over the past few years. Their users report them to be a highly reliable broker, with a support team that provides an amicable service with fast results. What is impressive though is their commitment this year to provide new users with an opportunity to start trading with a large capital than before. Some might feel a little despondent because of the fact that they will not be able to claim this Forex no deposit bonus without verification, but when the funds offered are observed by stiff regulation, it is not something that we should concern ourselves by.

The clients interested in the promotion will be able to receive a $30 no deposit bonus. They will be able to use this money to make a good profit for themselves, but in order to claim that profit, they will have to comply with certain requirements. One of the requirements is the need to deposit at least $100 into their account, in order to be able to claim the bonus and the profits made from the bonus. IF not done, the users will not be able to claim their bonus profits.

ForexChief

ForexChief is one of the few brokers on this list who we are not entirely sure about. They have provided one of the best sounding offers that are available on the market today. The no deposit bonus forex $100 2020 that they are offering is quite generous. There are not that many companies out there offering this amount of money, basically for free, to all users who find them to be useful to them. There are no specific requirements that you need to fulfill in order to qualify for this promotion, but the withdrawal conditions are what makes it a little strange to us. In order to withdraw the profits you make from this promotion, you will have to have traded at least 6 lots with the broker, which is a whole lot of trading that needs to be done. While they do say that every order or trade you make counts as two, it is still a lot of trading that needs to be done before you are able to withdraw the profits from the trades you make with the specified amount.

Moreover, ForexChief does not have the best reputation among all of the users they have had and among the professional reviewers who have worked on finding out about them. This leaves us a little suspicious of this promotion, which is why we do not recommend jumping on the opportunity. Still, we are going to keep it here until we have specific proof that it is not to be taken as a legitimate offer.

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FBS welcome bonus Forex 2020

It seems that FBS, a relatively young and lesser-known broker, have decided to do their best in order to establish a name for themselves in the international Forex industry. This year, they are offering potential users a slew of options and chances to start trading with them, without ever depositing a single cent. All of these are opportunities to start trading Forex with no money, also known as no deposit bonuses. Out of the ones we are aware of one is an offer of a $50 no deposit bonus, one is of $88.8 no deposit bonus, one is of $100 no deposit bonus and one more is of a $123 no deposit bonus. The number of these bonus options is high, and the terms for each one of them are different, requiring users to fulfill different levels of requirements in order to be able to withdraw their funds, eventually. The greatest advantage is that it is Forex no deposit bonus without verification 2020.

While we are more than happy to see such a large number of offers provided to potential users by such a Forex broker, we are also a cautious group of people. We are not well versed in FBS and their history, but there have been reports of the company not acting in the best interests of their traders. Their customer support is not necessarily something to be envious of, so we are not entirely sure whether taking these bonuses is a good idea. Still, the high number of offers and the relatively good reviews we have seen of them online result in FBS joining the list of some of the best no deposit bonus offers of 2020.

SuperForex

SuperForex has existed for almost half a decade now, and in this time, they have managed to become a relatively well-known brokerage. But we all know that being relatively well know is not as good as being extremely well known, so this year they have decided to step up their bonus without deposit game. They decided to do so by introducing a new promotion, which would allow traders who had not previously traded with the company, to start trading with them with a nice and safe capital of $50, without ever making a deposit. The offer seems to be rather attractive and has the potential to turn out rather lucrative.

There are certain issues that we do have with this offer though. The company itself has had a rocky history, not always providing a reliable service across the world. So, despite the fact that their EU clients might be safe, there are countries out there that less attention may be paid to by the company. This is why we would like to caution you against getting this promotion, without checking what kind of reputation the company has in your area. Other than that, the bonus is rather easy to get – all you have to do is simply open a retail account with the company and verify it. Then you will receive the $50 on your account and will be able to start trading immediately.

FxOpen

FxOpen is a highly established Forex broker, well known in the industry as one of the oldest companies around. Since their foundation in 2003, they have managed to create a relatively loyal base of traders. Still, the company has not managed to produce as much growth in the number of their traders as they would have wanted or found important, which is why they are still offering the same no deposit bonus Forex 2020 this time around. The promotion is not much in terms of generosity, but the steady rate of its existence and the reliability of the broker offering it makes the promotion worth talking about.

Users who register with the company, and verify their phone number, will be able to receive an extra $10 on their account, which they will be able to apply towards any of the trades they would like to make. Those who wish to use these funds will have a long time to do so, but will only be able to withdraw the profits they make form these funds after they have traded two standard lots with the broker. Two lots are quite a lot of trading, so we would advise you to consider whether the $10 are worth it to you or not.

FXGiants

FXGiants are offering their potential users an opportunity to start trading with them with an already inflated capital, which they do not require a single deposit for. The no deposit bonus Forex broker is offering is quite generous, giving a chance to new users to start trading with a nice bonus $35 on their accounts. This offer lies in the range of average for the entire industry, with a whole slew of brokers offering this kind of promotion. In the case of FXGiants, we would like to emphasize the ease with which they will be able to receive these funds. All the users have to do is register with the company. In order to be able to withdraw the funds, users will have to complete trades of 4 turn lots, which is quite a lot of trading, and to some traders, this might not be worth the trouble of going through with all the trades. Still, it is a nice bonus to be aware of, even if the broker is not something you have heard too much of previously. An extra $35 deposit for free into your account might be the difference between making a whole lot of money in trading and stopping to trade because you don’t have enough capital to trade anymore.

FortFS

FortFS has been on the markets since 2010 and has managed to create a base of traders that are dedicated to the platform as much as the broker is dedicated to the traders. Because of this, the broker makes it onto the list of some of the best Forex welcome bonus 2020 promotions, other than the whole great no deposit bonus opportunity they are providing to their users. Those users who register with the company and then go on to verify the account through whatever means possible will receive a $35 no deposit bonus deposited into their account, as long as they request the bonus of course. There are certain issues we find with the promotion though. Specifically, the fact that the broker makes it amply clear that you will have to do a whole lot of trading before you are able to claim any kind of profits resulting from the no deposit bonus. 20 standard lots is a lot! Still, the reliable nature of the broker makes us believe that this might be a good promotion to get your hands on, even if you just want to try out how well the company actually works.

RoboForex

The RoBoForex way of doing no deposit bonus promotions is very different from what you usually get from brokers around the world. These guys are willing to provide you with a very nice $30 free no deposit bonus 2020, but you will have to jump through a couple of hoops before you get to it. The first hoop is the registration and verification of an account, which is a relatively easy thing to do. But there is more to it – in order to receive the no deposit bonus, you will have to deposit $10, which you will then be able to withdraw. This is a way for them to make sure that you are a reliable trader and actually are registering with them in order to trade. You will, of course, have to trade a required amount of lots before you are able to withdraw the bonus and the profits, which against is another hoop to jump through in order to receive your profits. Still, 30 dollars is 30 dollars, and you might just need that much money to make your trading profitable.

Get 30 USD Account Now

For now, these are all the no deposit promotions that we can think of that seem interesting. But don’t forget to check back soon, in order to see if there are any new forex no deposit bonus 2020 offers out there.

FAQ

What is Forex no deposit bonus?

forex no deposit bonus 2019

A Forex no deposit bonus is basically a way for a Forex broker to convince a potential user, who might be considering to join their platform, to actually join. It is an offer of “free money” deposited onto the account of the user, as long as they register with the platform. It is a sort of an incentivizing solution directed at users who want to start trading, but are either not entirely sure, do not want to invest their own money from the get-go, are not entirely confident of their skill or are somehow on the verge, but still not taking the final step. Many users will find the bonus, depending on how much it is offering, to be the final piece they need in order to start trading with the company. Many beginners find no deposit bonuses to be useful for the purpose of learning how to use a real trading account and some even end up making a profit from such promotions. Most, if not all forex no deposit bonus 2020 offers, are intended by the brokers as a way to attract these new users to their platforms and grow their trader base, in order to be able to produce better results for themselves and their traders alike.

There are of course those who do not use the no deposit bonuses the same way as a beginner would. Some traders, especially experienced ones, find them to be a good way to find out how the broker operates before they commit to working with them fully. Others find these no deposit bonuses as a useful tool in their quest to come up with new strategies for trading. However you decide you will end up using the no deposit bonus, it is always a good idea to make sure that you are working with a respectable broker with a good promotion. This is why we have created the above list of no deposit bonuses 2020, to make the search easier for you.

Are there Forex no deposit bonuses without verification?

In order to find a Forex no deposit bonus without verification 2020 offer that is actually legitimate, you will have to spend a lot of time exploring all of the possible promotions available online. It is not an easy thing to find an offer that does not actually require verification and is actually going to be useful to a trader and produce the kind of profit that they desire. The point of verification is to make sure that the person registering with the broker and receiving the no deposit bonus does not do so multiple times in order to cheat and somehow receive additional benefits that they wouldn’t be able to if they had a single account. This is why the majority of brokers that offer no verification no deposit bonuses are possibly scammers: they are not afraid of their users cheating as they will not be paying out any amounts to the users at all. This is why the search for a Forex no deposit bonus 2020 without verification is such a complicated task requiring so much work. You need to be sure that the broker you are going to be opening an account with is actually legitimate, otherwise, you are simply entering one kind of trap or another.

In order to make sure that the broker is legitimate, you will have to explore their background and understand the general consensus about them in the industry. User reviews and professional broker reviews will assist you in doing that. But you will have to go a step further with a number of them and explore their pages, their licenses and understand whether they are trustworthy or not. In the end, it will be up to you to make the decision and protect yourself.

How to find legitimate Forex no deposit bonus brokers?

The best way to go about finding a legitimate Forex broker is not a complicated one. It requires you to have knowledge of three things about the broker and the offer they are making, and you will be able to identify the best and the worst brokers and offers with ease. First, you will have to understand how much money the broker is offering. Some brokers will offer too little, while others will offer exorbitant amounts. The golden mean is what you are looking for as either extreme is just a bad sign. Why? Too little might not be a good enough investment of your time and effort, while also not bringing you any kind of significant profit to use. Too much is most probably a lie, and the broker offering that money should be avoided at all costs. The golden mean for a no deposit bonus offer is around $30. So if you see a no deposit bonus forex 200$, you might want to reconsider whether you will be working with them.

You also need to consider what kind of terms an conditions the bonus has. The withdrawal conditions of a no deposit bonus define whether you will be able to get the money you make off of the bonus at all. If the terms and conditions specify that you have to make crazy amounts of trades in a very short amount of time you probably want to avoid that specific broker.

Finally, the broker’s background. If a broker has been known to be reliable over the years, then you know you have the chance to get a bonus that is actually worth your time. A broker that has a history of a cheater and a scammer is someone you want to stay away from no matter what. Otherwise, you might get scammed through the promotion.

Is Forex no deposit bonus withdrawable?

In order to get the Forex no deposit bonus withdraw profit 2020,  you will have to jump through several hoops. Usually, there will be certain trading limit requirements imposed upon the money that you will be making a profit through the no deposit bonus you have received. There are a number of traditional requirements and limits that you will have to comply with. The first one to deal with is the amount of time you have to make a profit with the no deposit offer money. Usually, this is around a month. If you are able to trade with the money in this timeline and make a profit, you will be eligible to withdraw it. The second requirement you will have to face, in order to withdraw the money, are the trading volume requirements. Usually, these can range anywhere from 2 lots to 20 lots, depending on the broker and how much they want you to have the profit from the bonus. There might be other requirements associated with withdrawing the money from your no deposit bonus, but these are usually highly specific yo brokers and need to be researched on your own, per individual case.

Are there Forex no deposit bonus offers in the UK?

There are, of course, Forex no deposit bonus offers in the UK. There are more than one, actually, as there are many Forex brokers registered and licensed to work in the UK. Some of these are available in the list we have provided above: companies such as Tickmill and XM offer their services and their no deposit bonus promotions in the UK, as well as the majority of the rest of the world. Unfortunately, not all brokers are able to offer these services in the UK, as they are not licensed to operate on such a scale within the borders of the commonwealth. So, if a broker that you wanted a promotional bonus from did not offer a Forex no deposit bonus withdraw profit 2020 offer, they will not be able to do so in 2020 either (unless their licensed was changed).

What is the difference between Forex welcome bonus and no deposit bonus?

Most (if not all) no deposit bonuses in Forex are welcome bonuses, but not all welcome bonuses are no deposit bonuses. Some welcome bonuses might be more related to deposit matching, where they will match however money you deposit with the company at a rate of either 50%, 100% or whatever another possible promotional rate they are offering at the time. There is a whole range of different kinds of welcome bonuses available in the industry, and listing them all would be pretty much impossible. But in the general, any bonus offered for starting to trade with a broker, whether it be a matching bonus, a no deposit bonus, some kind of special service bonus or any other kind of free goods offer would be considered a welcome bonus.

By Top Forex Brokers Staff

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Comments (14 comment(s))

Алексей
May 11, 2016
Now Vomma give No-deposit bonus, but it is scam, so stay away
David Smith
June 29, 2016
As this post says lot of no deposit offers are not no deposit so it is a kind of a scam, but that's why these advises are great it really makes me to read everything more than once before accepting offer, really helpful post
Augustine Mugambi
July 7, 2016
I have read many reviews on plus500 and all are -ve especially customer support and spread manipulation!! so i'm wondering why would one join such a service with all such -ve feedbacks!!! in the other hand i have traded with XM and somehow they have better services so far. thank you
    ForexBonus Lab
    July 7, 2016
    About the customer service, you are right, this is not the strongest point of Plus500. They have only added Live Chat less than a year ago. Having said this, they do quite good job in terms of email support. As for the spread manipulation, we have never heard of it done from Plus500. If you have seen anything like this, please report to us or FCA and we will try to resolve it asap. It is a listed broker, so such things will be taken seriously. As for XM, it is just a terrible brokerage. Have you traded on XM's no deposit bonus account or a real one? Perhaps the experience on a free account is better, but this should be changed once you deposit your own money.
      Augustine Mugambi
      July 9, 2016
      Hi I have traded both no deposit a/c and areal account actually I started with the no deposit bonus then micro and later standard a/c and the experience didn't have much huge difference. Though they also widen their spreads quite a bit. And for a newbie it will be quite a pain. But I haven't made any withdraw yet, but I assume with the experience of deposit, there won't be huge difference. Although in my personal opinion I would say many brokers are DD I. E dealing desk. And with these traders they provide very awful trading deals and systems such as mt4s . So fur the better brokers are ECN or NDD. Coz some will provide you with the best systems such as ctrader.
        Peter Protuš
        October 10, 2016
        I tried plus500 and XM. Plus500 blocked my account once I requested withdrawal of profit I made from no deposit bonus (2080 eur) ... Then I read all the reviews and comments about support and how they are scam. and I can't agree more. XM on other hand, awesome support, they call me back when I send them mail, withdrawals are without problem. spreads are sometimes interesting to watch, but with enough money it's not a big deal.
          ForexBonus Lab
          October 10, 2016
          Hey there Peter, Thank you for taking your time and commenting. Would you be able to tell more about your case with Plus500? We will be either glad to contact them on your behalf and resolve the issue or might consider removing them from our listing.
          Peter Protuš
          October 10, 2016
          conversation with them on email took about a month. they were really slow in replying... and they just told me that it was because of duplicate accounts on one IP adress. Since I live in literally small village (less than 150 people), our internet provider hiddes whole village behind just a few IP adresses. Anyway, it's been 2 years since then and I did not deposited any money so I don't care that much. It was just sad experience. I heard they were bought by some company, so maybe they are better brooker now. I just don't want to trade with them anymore.
          ForexBonus Lab
          October 10, 2016
          Oh, I see. Well, duplicated IP addresses are quite a common issue. This is a way for brokers to avoid cheaters, as you may imagine, there are many people trying to abuse no deposit bonuses. There was an intention to buy Plus500 from Playtech, but the regulators didn't allow that to happen.
Pradeep Dhiman
February 16, 2018
I have registered. I got 60RUB but i cant trade with it. It showing in my account balance but when i go for trade in trading platform there 0 balance is showing. What is the benifit of this kind of bonus when i can not trade with it.
    ForexBonus Lab
    February 16, 2018
    You've made a mistake. Check with XM support, they should be able to help.
Tommy Suganda
March 2, 2018
Launched as one kind of welcome bonus to new clients, no deposit is the most common choice for those who want to trading forex without initial deposit. As the name implies, this bonus allows traders to open a real account without any deposit. Instead, the forex broker will fill the account balance with some funds, so there is a balance that can use as trading balance. Sometimes no deposit bonus is also accompanied by some important rules that limit your trading and withdrawal conditions. The policy of each forex broker may vary, but the most common policy of no deposit bonus are often located on withdrawal terms. There are forex brokers who absolutely do not allow traders to withdraw bonus no deposit, there is also permit the withdrawal of prizes if the trader has met certain lot requirements. However, trading profits generated from bonuses can usually be withdraw more easily.