Last updated: April 3rd 2018
In below table you can find the best welcome forex bonuses without a deposit March 2018:
ATTENTION: These bonus promotions are mostly time-limited! Therefore we strongly advise you to grab them as soon as you can!
30$ FREE no deposit bonus
up to 40% bonus on top of your first deposit
“We update this table regularly to always keep it updated so you can check back later!”
There are different types of forex bonuses for traders:
Table of Contents
#1 – Welcome bonuses
Welcome bonus is like free money (if you are smart forex trader you will use it) and it’ll be credited to your forex trading account, usually as percentage on the top of your first deposit.
For example, your first deposit initial investment of $500, and welcome bonus will be 60%. In such a case you will be credited with additional amount of $300 at the top of your initial deposit of $500 as a gift. You total balance would be $500+$300=$800
Be careful, because bonuses can NOT be withdrawn in most cases, you can only use them for trading! Example: You have in your balance $800 ($300 out of that is signup bonus from broker) and you make profit of $5760. Then you can withdraw max. $5760 -$300 bonus =$5460.
#2 – No Deposit bonuses
Mostly offered as an incentive for new clients to get them onboard without the need to invest a single dollar. While clients can invest this bonus amount, it is unwithdrawable in most cases! Meaning, the profit you make using this money is all yours and you can of course cash it out, but excluding the amount they gave you for free. The prerequisite to get this credited to your trading account is usually an SMS or a phone call verification of your account. Brokers do this to ensure you are real person not a bonus abuser.
An overview of best no deposit bonuses:
XM.COM – offering free $30 >>claim this bonus now<<
#3 – Bonuses for existing traders
Even if you’ve been with a forex broker for many months or even years, you can stumble upon a good deal that is targeting old clients and improving a customer loyalty. In case you are a valuable client and you meet special requirements, from time to time (usually once or twice a year) you might be contacted by your account manager and obtain FREE money as a thank you for you loyalty. However let me tell you that this depends purely case by case, not all brokers are equally handling their existing client base.
#4 – Forex trading contests
Are you a master forex trader ? Do you want to prove your trading superiority, test your top money making strategies ? Demonstrate your trading skills to the world and win a nice lump sum of money. Then it is time to join a forex trading competition! Not only you will sharpen your skills, let me tell you that the prize you can win is usually around $100.000 and sometimes even as high as $1.000.000 in worldwide competitions.
Many brokers let you win a sports car or an exotic vacation.
- DEMO TRADING CONTESTS – a perfect fit for all beginners who want to learn strategies and psychology stress free (you play with virtual money only)
- LIVE TRADING CONTESTS – the battle takes place under real market conditions and naturally you trade with your real money. Unlike demo contests, with live trading competition there is a far more thrill and emotions (almost like when playing in a casino) because you risk your own money and only the smartest traders will win!
There are no open forex trading competitions at the moment. Please bookmark this page as we update it often.
#5 – Refer a friend program
Would you join a broker if your close friend would recommend you a company he is trading with and is happy? Today in the age of social media, there is nothing more powerful than direct recommendation. And brokers of course know this, therefore they give you a small amount of money if you refer you friend who will join and start trading too. Almost each company has this program so just ask your account manager!
Forex bonus abuse
Please under no circumstances dont fall for bonus abuse as it might be tempting to do. All bonus promotions are closely monitored by brokers and if they find out any signs of abuse, they will ban your trading account right away.