What is a forex no deposit bonus?
A forex no deposit bonus is promotional trading credit a broker places in a brand-new live account without asking you to fund it first. Unlike a demo account, the trades are executed on real market prices with real slippage, real spreads and real order fills. If those trades make money and you meet the broker's conditions, the profit can be moved to your own wallet or bank.
Brokers pay for these offers because opening a live account is the hardest step for a new client. Once you have experienced their platform, withdrawal speed and support, you are far more likely to deposit later. For you, the trade-off is simple: you get a risk-free look at a live trading environment, and the broker gets a chance to earn your business.
Key point: in almost every case you are trading with the bonus, not receiving it as cash. The bonus balance itself is removed when you withdraw; only the profit it produced is yours to keep.
How we ranked these no deposit bonus brokers
A big headline number means little if the profit is impossible to withdraw. Every broker on this page was assessed on the same six points, and the bonus amount was only one of them:
- Withdrawability — can profits be withdrawn, and how high is the cap?
- Realistic conditions — is the lot or volume target achievable for a small account within the time limit?
- Regulation and track record — is the broker licensed, how long has it operated, and how do traders rate its payouts?
- Transparency — are the full terms published in plain language before you register?
- Platform quality — MT4, MT5 or a proprietary app with stable execution on mobile.
- Availability — how many countries can actually claim the offer.
We cross-checked each offer against the broker's own promotion page and against the bonuses we publish daily on the Fxdailyinfo no deposit bonus feed. Offers that had expired, or that we could not confirm, were left out.
The 10 best forex brokers with no deposit bonuses
Below is a closer look at each broker, in ranking order, with the details that matter before you sign up.
1. Headway — $150 no deposit bonus
$150- Minimum deposit$1
- Account typeSTP / ECN
- PlatformsMT4, MT5
- ExtraHeadway Giftshop
Headway's $150 credit is the largest standing no deposit offer on our list and was voted Best Forex Broker 2026 in the Fxdailyinfo awards. The bonus lands after you complete verification, and profits become withdrawable once the trading volume target is met. A $1 minimum deposit means you can move to a funded account with almost no friction if you like the conditions.
Pros
- Largest regular bonus
- $1 deposit to continue
- Fast verification
Cons
- Profit withdrawal is capped
- Not open to EU/UK/US residents
2. XChief — $100 no deposit bonus
$100- Turnover required30 lots
- Time limit30 days
- Max withdrawal$100
- Claimed viaxChief app
XChief has kept its $100 no deposit bonus running for years, which makes it one of the most predictable offers in the market. After KYC verification you open the xChief mobile app, go to "Bonuses and Credits" and claim the no deposit bonus. Once you complete 30 lots of turnover within 30 days on eligible instruments (major and cross forex pairs, gold and silver), you can withdraw up to $100. All strategies and Expert Advisors are allowed, but hedging purely to meet the turnover is banned.
One detail most reviews miss: the $100 cap applies to everything. If your balance reaches $250 after 30 lots, you withdraw $100 and the remaining $150 is removed. Also note the standard offer is not available in India, Indonesia, Malaysia, Pakistan, the Philippines, Thailand, Vietnam, Nigeria, South Africa and several other countries — traders in Bangladesh, Kenya and most of Latin America can claim it.
Pros
- Long-running, stable offer
- Bonus itself is withdrawable
- EAs and all strategies allowed
Cons
- 30 lots is a high target
- Excluded in many Asian countries
- Hard $100 cap
3. InstaForex — up to $500 no deposit bonus
$500- Minimum deposit$1
- MarketsFX, crypto, stocks
- PlatformsMT4, MT5
- Offer typeCampaign
InstaForex has historically run the biggest no deposit campaigns in the industry, and its $500 promotion is the largest amount on this page. It is campaign-based, so availability comes and goes, and unlocking profits usually requires a deposit later. InstaForex also runs a separate StartUp Bonus for brand-new clients that has been advertised at much higher values (up to $1,500 and beyond), credited once per new client who has never received an InstaForex bonus. Where InstaForex shines is market access: the bonus can be traded across currencies, metals, crypto and stock CFDs.
Pros
- Highest bonus value
- Wide range of markets
Cons
- Not always available
- Deposit needed to unlock profit
4. OVX Markets — $50 no deposit bonus
$50OVX Markets is a newer name that launched a $50 special offer for new traders. Registration and identity checks take a few minutes, and the credit is applied to an MT5 account. Because the broker is relatively young, we recommend testing a small withdrawal of profits early to confirm payout speed before committing your own funds.
Pros
- Solid $50 credit
- Quick MT5 setup
Cons
- Short track record
- Limited education
5. Monaxa — $50 welcome bonus
$50Monaxa credits $50 to a new MT4 or MT5 account, which is double the size of most entry offers. The welcome bonus is aimed squarely at beginners, and the terms explain clearly how much volume converts profit into withdrawable balance. A good choice if you specifically want to practise on MetaTrader 5.
Pros
- Choice of MT4 or MT5
- Beginner-friendly terms
Cons
- New accounts only
- Regional limits
6. XM — $30 no deposit bonus
$30- Minimum deposit$5
- Commission0% (Standard)
- RegulationMultiple licences
- PlatformsMT4, MT5, XM App
XM is the best-known regulated broker still offering a no deposit bonus. The $30 credit is released after you open a real account and confirm your phone number, and only one bonus is allowed per client and IP address. The bonus itself stays with XM, but the profits generated from it are withdrawable once the volume condition is met, and the sign-up is one of the quickest we have tested. If safety of funds matters more to you than bonus size, start here.
Pros
- Strong regulation
- Very fast sign-up
- Withdrawable profits
Cons
- Smaller bonus
- Not available in EU entity
7. RoboForex — $30 welcome bonus
$30RoboForex's $30 welcome bonus works on Pro and ProCent accounts on MT4 and MT5 after full verification. To activate it you make a small $10 card deposit, which exists only to verify your payment method — so strictly speaking this is a "near" no deposit bonus. In return, the profit terms are among the most generous on this list. RoboForex has operated since 2009, is regulated by the IFSC in Belize and is a member of The Financial Commission. RoboForex also pairs the offer with video tutorials and daily analysis, so beginners are not left guessing.
Pros
- Generous profit terms
- Strong education
- MT4, MT5, cTrader
Cons
- $10 card deposit to verify
- Full KYC required first
8. JustMarkets — $30 no deposit bonus
$30JustMarkets credits $30 to a separate Welcome Account after registration and verification. Recent terms ask for 5 lots within 30 days, with each position limited to 0.01 lots, no more than five open positions at once, at least 6 pips per trade and no Expert Advisors. Up to $30 of profit can then be moved to a live account, and withdrawing it requires a $100 deposit, which can be made in parts. It is designed for patient, small-size practice — and it pairs with 50%, 100% and 120% deposit bonuses once you fund an account. It is one of the most popular offers among Fxdailyinfo readers in South and Southeast Asia.
Pros
- Encourages steady trading
- Upgrade path with deposit bonus
Cons
- $100 deposit to withdraw profit
- Forex and metals only, no EAs
9. Valetax — $30 no deposit bonus
$30Valetax offers a $30 risk-free bonus with leverage up to 1:2000 and a $1 minimum deposit. It also runs a 30% deposit bonus for funded accounts and was recognised at Forex Expo Dubai 2026. A useful option if you want high leverage to trade the bonus on small positions — though high leverage cuts both ways.
Pros
- $1 to continue trading
- Extra deposit bonus
Cons
- Very high leverage needs discipline
10. XTrade — $25 phone verification bonus
$25XTrade's $25 is a verification reward: confirm your phone number and the credit appears. It is the smallest offer here and the conditions are stricter, but it is also the quickest to claim. Treat it as a way to explore XTrade's web platform rather than a route to meaningful profit.
Other brokers that run no deposit bonuses
These brokers offer no deposit bonuses periodically or only in certain regions. They did not make our top 10 because their offers were not consistently live during our check, but they are worth watching:
| Broker | Typical bonus | What to know |
|---|---|---|
| FXOpen | $50 | FCA and CySEC group with offshore entity; bonus only through the international entity |
| PU Prime | $50 | KYC must be completed within the promotion period |
| FreshForex | $50 | Claim within about 7 days of registration; offshore regulation |
| HFM | $30–$50 | Region-dependent; forex and gold only |
| Windsor Brokers | $30 | Prime account only; profit withdrawable after volume target |
| Tickmill | $30 | Welcome Account; deposit needed to withdraw profit |
| SuperForex | $88 | 1 lot = $1 withdrawable, leverage capped at 1:100 |
New offers appear every week. Our forex no deposit bonus feed lists them as soon as brokers announce them, and expired ones move to Forex Offer Ended.
Types of no deposit bonuses you will see in 2027
"No deposit bonus" is an umbrella term. Knowing which type you are looking at tells you how much of it you can realistically keep.
Welcome (sign-up) bonus
The classic form: open and verify an account, receive a fixed amount such as $30 or $50. Profit is withdrawable after you hit a volume target. Most brokers on this list use this model.
Withdrawable no deposit bonus
Rarer and more valuable. Here a portion of the bonus itself — not just the profit — becomes cash once you meet the conditions. These offers usually carry tighter lot requirements or a deposit step to compensate.
Trading credit bonus
Credit that sits in a separate "credit" field in MetaTrader. It increases your margin but cannot absorb losses below zero equity; once the account equity runs out, the credit is removed. Watch for this when you open larger positions.
Verification or phone bonus
Small amounts paid for completing a step like phone confirmation. Quick to get, but rarely leads to withdrawable profit.
Crypto no deposit bonus
Offered by crypto-focused brokers and exchanges, often in USDT. Rules are similar but volatility is much higher. See our separate cryptocurrency no deposit bonus list.
How to claim a forex no deposit bonus, step by step
The exact screens differ by broker, but the order is almost always the same:
- Choose a broker from the table aboveCheck that your country is eligible on the broker's promotion page before registering.
- Register through the bonus pageSome brokers only attach the bonus to accounts opened from the promotion link, not the standard sign-up form.
- Verify your identityUpload a passport or national ID and a recent utility bill or bank statement. Use your real details — mismatched names are the most common reason bonuses are cancelled.
- Request or activate the bonusLook for a "Bonuses" or "Promotions" section in the client area. Many brokers need you to press "Claim" within a few days of registering.
- Trade and track your progressThe client area normally shows how many lots you have traded against the target and how many days remain.
- Withdraw your profitOnce the target is met, request a withdrawal. Some brokers ask for a small deposit at this stage to confirm your payment method.
Withdrawal rules explained with a real example
The single most misunderstood part of any no deposit bonus is the volume requirement. Here is how it plays out with typical numbers.
Example 1: a fixed turnover target (XChief model)
XChief credits $100 and asks for 30 lots of turnover within 30 days. Thirty standard lots on EUR/USD is roughly $3 million in notional volume. With a $100 balance you cannot open a 1-lot trade, so in practice you build that volume through many 0.1–0.3 lot positions using the available leverage. If you finish the 30 lots with a $250 balance, you withdraw $100 and the extra $150 is removed. If the balance falls below $100 along the way, you can only withdraw what is left.
Example 2: a "1 lot = $1" formula (SuperForex-style)
Some brokers tie the withdrawable amount directly to volume: every 1 lot traded unlocks $1. Grow a bonus account to $80 and you still need 80 lots traded before the full $80 can leave the account. Leverage on these accounts is often capped (1:100 is common) and position size limited to around 0.5 lots, so reaching the target takes weeks.
Example 3: micro-lot limits (JustMarkets model)
Here the target is lower — 5 lots in 30 days — but each trade is restricted to 0.01 lots. That means about 500 individual trades. It is achievable, but only with a plan, and each trade must move at least 6 pips to count.
Watch out for: short deadlines (7–14 days), profit caps below $50, bans on scalping or hedging, and rules that cancel the bonus if you make any withdrawal before the target is met.
Before you register, look for four numbers in the terms: the bonus amount, the lot or volume ratio, the maximum withdrawable profit, and the expiry period. If any of the four is missing, treat the offer with caution.
Pros and cons of no deposit bonus brokers
Advantages
- Experience live execution, spreads and slippage with zero personal risk.
- Test a broker's withdrawal process before trusting it with savings.
- Practise discipline under real market emotions, which a demo cannot recreate.
- A small but real chance to build a starting balance.
Disadvantages
- Volume targets push some traders into over-trading.
- Profit caps limit the upside.
- Not available in heavily regulated regions.
- Offers can be withdrawn by the broker without notice.
No deposit bonus vs deposit bonus vs demo account
Swipe the table sideways to see all columns →
| Feature | No deposit bonus | Deposit bonus | Demo account |
|---|---|---|---|
| Your money at risk | None | Yes | None |
| Real market execution | Yes | Yes | Simulated |
| Withdrawable profit | Yes, capped | Yes | No |
| Typical size | $10–$150 | 20%–120% of deposit | Virtual $10,000+ |
| Best for | Testing a broker | Extra margin | Learning a platform |
If you already plan to deposit, a forex deposit bonus may be worth more in absolute terms. If you are still deciding on a broker, the no deposit route is the lower-risk test.
How to get the most out of a no deposit bonus
Trade small, liquid pairs
Stick to EUR/USD, GBP/USD or USD/JPY where spreads are tight. Micro lots (0.01) let you take many trades while keeping each loss small.
Set a risk rule before your first trade
Risk no more than 2–3% of the bonus balance per trade. With a $30 bonus, that is under $1 per trade. It feels slow, but it keeps you in the game long enough to reach the volume target.
Read the restricted-strategy list
Many offers ban scalping, hedging between accounts, or news trading. Breaking these rules is the fastest way to have profit removed.
Treat it as a broker test
Note how fast orders fill, whether support answers, and how long the withdrawal takes. That information is often worth more than the bonus itself.
Red flags: how to spot a fake no deposit bonus
- No company registration number or licence shown on the website.
- Bonus terms that are only available after you sign up.
- Requests to pay a "fee" or "tax" before a withdrawal is released.
- Pressure from an "account manager" to deposit large amounts quickly.
- Profits that disappear after a withdrawal request with no explanation.
Check any unfamiliar name against our brokers by regulator list before registering.
Where are no deposit bonuses available?
Regulators in the European Union (ESMA rules), the United Kingdom (FCA), the United States (CFTC and NFA) and Australia (ASIC) restrict or prohibit trading bonuses for retail clients. As a result, almost all no deposit offers are run through brokers' international entities for traders in Asia, Africa, Latin America and the Middle East.
Even inside these regions, eligibility differs by broker. XChief, for example, excludes India, Indonesia, Malaysia, Pakistan, the Philippines, Thailand, Vietnam, Nigeria and South Africa from its standard $100 offer, while other brokers on this list set their own, usually shorter, exclusion lists. Traders in Bangladesh, Kenya and much of Latin America currently have the widest choice. Always check the "restricted countries" clause before registering.
We keep country-specific lists for Malaysia, Indonesia, Thailand, Vietnam and the Philippines.
Frequently asked questions
What is a forex no deposit bonus?
It is promotional trading credit a broker adds to a new live account without requiring a deposit. You trade real markets with it, and profits can be withdrawn once you meet the broker's conditions.
Can I withdraw a no deposit bonus?
Usually the bonus itself cannot be withdrawn. Profits made with it can be, after you complete the required trading volume and verification. Some brokers also ask for a small deposit to confirm your payment method.
Which broker offers the biggest no deposit bonus in 2027?
InstaForex has run the largest campaigns, up to $500. Among standing offers, Headway's $150 and XChief's $100 are the biggest. Amounts change, so confirm on the broker's live promotion page.
Are no deposit bonuses available in the EU, UK, USA or Australia?
Generally no. Regulators in those regions restrict or ban trading bonuses for retail clients, so most offers target traders elsewhere.
Do I need to verify my identity to get a no deposit bonus?
Yes, in most cases. Expect to upload ID and proof of address, and sometimes confirm your phone number, before the bonus is credited or a withdrawal is approved.
How much can I realistically earn from a no deposit bonus?
Most brokers cap withdrawable profit, often between $50 and $200. It is best used to test a broker's execution and withdrawals rather than as a source of income.
Do no deposit bonuses expire?
Yes. Most bonuses must be used within a set window, commonly 30 to 90 days (XChief allows 30 days). If you do not meet the volume target in time, the bonus and any profit from it are cancelled.
Which instruments can I trade with a no deposit bonus?
Usually major and cross forex pairs plus gold and silver. Crypto, stocks and indices are often excluded or do not count toward the volume target, so check the eligible instrument list first.
Can I claim more than one no deposit bonus?
You can claim one bonus per broker. Brokers block repeat claims by the same person, IP address, device or household, and opening a second account to claim again usually leads to both accounts being closed.
Final verdict
For the biggest standing bonus with a realistic route to withdrawal, Headway's $150 leads our 2027 list. XChief's $100 is the most consistent long-running offer, and XM's $30 is the pick if regulation matters most to you. Whichever you choose, read the four key numbers in the terms, trade small, and use the bonus to judge the broker — not to chase a quick profit.
We update this page whenever offers change. Bookmark it, or follow the latest forex bonus news for new promotions as they launch.