Forex Brokers With No Deposit Bonus 2024

Not having money to fund your trading account after blowing 3 to 5 times, can be a hustle especially when living in underdeveloped countries. So I will share my top 5 South African forex brokers with no deposit bonus. You will get free funds, trade, and withdraw the profits but there are some conditions in place that you must never break.

You might be a beginner to trading looking to test your strategy but not ready to fund your account. Using a no-deposit bonus gives you the feeling of trading a live account, that’s why I like this kind of offer. So make sure you read this article if you don’t want to lose your account after making some profits with the bonus.

Forex trading bonus offers are like special gifts from forex brokers to attract and keep traders on their platforms. These gifts come in different forms and have rules attached to them. It’s important to understand how they work before using them because they can be good, but also a bit tricky. Here’s a simple explanation:

1. Welcome Bonus:
   • When new traders start using a broker, they might get extra money as a percentage of what they put in their accounts.
2. Deposit Bonus:
   • If traders deposit money into their accounts, the broker might give them a bonus based on how much they added. For example, if they put in $500, they might get an extra 50% ($250) as a bonus.
3. No Deposit Bonus:
   • Some brokers might give traders a little bonus even if they don’t put in any money initially. But this bonus usually comes with more rules for taking out the money.
4. Reload Bonus:
   • Even after the first time, when traders add more money to their accounts, brokers might give them a bonus again.
5. Volume-Based Bonus:
   • If traders do a lot of trading, they might get a bonus based on how much they trade.
6. Refer-a-Friend Bonus:
   • If traders get their friends to start trading with the same broker, they might get a bonus.
7. Cashback Bonus:
   • Some brokers give traders small cashback on their trading costs as a bonus.

In this article, our primary focus is on “Brokers Offering A No Deposit Bonus” in South Africa. This type of bonus allows traders to start trading without having to make an initial deposit, making it an attractive option for beginner traders. However, it often comes with specific trading volume and withdrawal requirements

The XM’s No Deposit Bonus has been around for almost a decade, no wonder is in the number #1 spot among the best brokers with No Deposit Bonus. This special promotion rewards you with a bonus amount to start trading, all without requiring you to deposit any of your own funds. It’s a great way for beginners to experience the forex market and learn how trading works, without the initial financial commitment.

Step 1: Open an Account

• Visit the official XM website and click on the “Open an Account” button.
• Fill in the required personal information and follow the steps to create your trading account.

Step 2: Verify Your Identity

• To comply with regulations and ensure security, you’ll need to verify your identity by submitting valid documents like ID and proof of address.

Step 3: Claim the No Deposit Bonus

• Once your account is verified, you can claim the No Deposit Bonus.
• The bonus amount will be credited to your trading account, allowing you to start trading without using your own money.

Step 4: Start Trading

• You can now use the bonus funds to trade in the forex market.
• Explore different currency pairs, test trading strategies, and gain real trading experience.

1. Trading Volume: In order to withdraw profits generated from trading with the No Deposit Trading Bonus, the trading volume in the relevant real trading account must reach at least 10 micro lots (0.1 standard lots).
2. Round Turn Trades: A minimum of 5 round turn trades must be completed before profits can be withdrawn.
3. Verification: The number of lots traded and round turn trades realized can be verified through the account history tab or Members Area.
4. Withdrawal Procedure: Profits from trading with the No Deposit Trading Bonus Accounts can be withdrawn following the standard withdrawal procedure of XM.

These requirements are designed to ensure that traders engage in a certain level of trading activity before being eligible to withdraw profits gained from trading with the bonus. Always refer to the full terms and conditions on XM’s official website for the most accurate and detailed information regarding withdrawal requirements.

The bonus from Admiral Markets is for people who are not from the European Union (EU) or the United Kingdom (UK), and it’s for those who haven’t put any money into their trading accounts before. If you already have your Admiral Markets account, you should log in and look for a special banner on your account dashboard. When you find it, click on it to apply for the bonus.

1. Trading Period:
   • The entrant must trade the bonus amount within a specified trading period of 30 calendar days from the date of receiving the bonus in the specified account.
2. Profit Thresholds:
   • If the entrant’s trades result in overall profits in the specified account, specific notional value thresholds need to be met to be eligible for withdrawing profits
   • (a). Initial Profit Threshold: If profits are up to USD 300, the notional value of trades must be equal to USD 1,200,000 (aka 12 Lot Size).
   • (b). Subsequent Profit Threshold: If profits exceed the Initial Profit Threshold, the notional value of trades must be at least 4,000 times the amount by which profits exceed the Initial Profit Threshold.
3. Deposit Requirement:
   • To be eligible to withdraw profits, the entrant needs to deposit real funds in other types of accounts and meet notional value thresholds in those accounts.
4. Trade Duration:
   • Only trades that are open for at least 180 consecutive seconds will be considered valid toward meeting the notional value thresholds.
5. Losses:
   • If the entrant’s trades result in overall losses, their open positions in the specified account will be automatically closed, and the account balance will be corrected to zero.
6. Deadline for Trading:
   • If the entrant’s trades result in profits but they don’t meet the withdrawal requirements during the initial trading period, they have an additional 30 calendar days to meet the notional value thresholds and be eligible for withdrawing profits.

It’s important to carefully review and follow the withdrawal requirements mentioned in the terms and conditions to ensure eligibility for withdrawing profits from the Admiral Market No Deposit Bonus campaign

1. Account Verification:
   • Your account should be fully verified and not connected to any affiliates.
2. Maximum Leverage:
   • The maximum allowed leverage should be 1:200 or lower.
3. Withdrawable Profit:
   • Profits earned from the No Deposit Bonus can be withdrawn.
4. Withdrawal Amount:
   • The minimum withdrawal amount is $5, and the maximum is $25.
5. Trading Volume:
   • To unlock withdrawal, you need to trade a certain volume. $1 equals 1 lot. For example, to withdraw $6, you must have traded at least 6 lots.
6. Deposit for Withdrawal:
   • To withdraw profits from the No Deposit Bonus, you have to deposit an amount equal to or greater than the requested withdrawal amount.
7. Simultaneous Deposit and Withdrawal:
   • If you withdraw profits from the No Deposit Bonus and deposit at the same time, the bonus and its profits will be canceled.
8. Bonus Cancellation:
   • The No Deposit Bonus and its profits are canceled when funds are withdrawn from the account.

To Withdraw the Bonus:

1. RoboForex gives a special initial amount, called a Welcome Bonus, to clients who meet certain conditions.
2. The bonus can be $30 or 3,000 cents, depending on your account type.
3. You can use the bonus on accounts with either USD or EUR as the main money.
4. Only certain account types are eligible for this bonus.
5. You can’t get the bonus if you’ve already got it before.
6. How to Get the Bonus:
   • Confirm your personal details by verifying your passport and address.
   • Confirm your mobile phone number.
   • Put in at least $10 or 10 euros using a valid bank card.
7. Each person can get the Welcome Bonus just once.
8. The bonus isn’t available in certain places where services can’t be provided or deposits can’t be made.

Using and Getting the Bonus:

To get the Welcome Bonus, use a special code in your online account. They’ll send you the code by email. Enter the code in the right place in your online account. Choose the account where you want the extra money to go. Say you agree to the terms. They’ll add the Welcome Bonus to your account in about 5 business days.

The campaign is available for new clients from certain countries. European Union citizens cannot apply.

About the Campaign:

• It’s for new clients from specific countries who want to start live trading.

• If you’re from the European Union, you can’t join.
• You can’t use this bonus with certain trading tools.
• People who already have accounts can’t join.
• Each person can have only one Welcome Account.
• The Welcome Account works like a regular Pro account.
• You can change how much risk you’re comfortable with.
• You have around 2 months to trade with the Welcome Account and then 2 more weeks to take out the profit.
• The Welcome Account uses US dollars.

Getting the Welcome Account:

• It’s made automatically when you finish signing up.
• They’ll give you $30 to start with.

Using and Getting Profit:

• You can’t take out the starting $30.
• You can move between $30 and $100 of your profit to your Tickmill Wallet.
• To move profit, make an account, share some documents, and put in at least $100.
• After that, email them to move your profit.
• Once it’s moved, you can take it out of your Wallet.

Absolutely Yes, Forex bonuses are a real thing in the Forex trading world. They’re getting popular because lots of brokers are giving them to new traders. The bonuses can be small or big, depending on the broker and how much you put in.

But, be careful. Before you say yes to a bonus, check what it really means. Some rules might stop you from getting all your profits or taking out money. The trick is to look into the broker first. If they’re real, their bonuses should be real too. Before trading the bonus test your strategy with these top 5 forex backtesting tools