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Brokers With Free Welcome Bonus – Do you want to start forex trading without investing from scratch? Our No Deposit Bonus is here for just that: to get Forex newcomers to try our services and start making profits without risking their funds.
Our no deposit bonus is $88 and is available to every client with a live trading account that is fully verified. You don’t need to make a deposit to claim the bonus.
Brokers With Free Welcome Bonus
The procedure to claim the no deposit bonus is quite simple – register a live account, complete its verification and submit the “Get No Deposit Bonus” button at the bottom of the page.
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Profits earned from trading on no deposit bonus can be withdrawn. The free amount for withdrawal is determined by your trading volume according to the formula: 1 lot = $1. In other words, you must trade at least 50 lots to withdraw $50.
You can register a real trading account here. Accepted account currencies that can claim the bonus are USD.
Our verification process is quick and simple. You need to verify all four aspects of your account – name, address, phone, and email. We will notify you within 48 hours if your account is verified.
When your account is verified, please select the Bonus Program tab on the left side menu in the Clients Cabinet and select No Deposit Bonus. Click the “Get No Deposit Bonus” button at the bottom of the page.
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The Easy Deposit Bonus is worth a whopping 3000% of your chosen deposit. With a modest deposit amount such as $25 you can get a whopping $750 to trade with, which usually allows you to make much more than your deposit.
Our customers can claim 300% hot bonus while adding funds to their accounts for an unlimited period of time. This offer is ideal for those of you who want to order in bulk and earn big profits. If you have enough trading experience then forex trading can offer good income earning opportunity. But before you can start trading live, there is an obligation to deposit funds into your trading account with the broker.
Usually you may be unable to start due to limited funds, or you may want to test your strategy live before trading with real money. A no deposit bonus can help in this matter.
A no deposit bonus is a promotion by forex brokers where they offer free initial capital into a forex trader’s account without any initial deposit.
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But you should still be careful to choose a broker that does not offer a deposit bonus or any similar promo. We have researched the brokers that are currently offering bonuses to Nigerian traders.
We looked at all the brokers that offer no deposit bonuses to Nigerian traders, and then we handpicked some popular ones.
Let’s start by comparing the bonuses and terms to get bonuses for the 4 brokers on our list!
Globally recognized XM is a broker regulated by CySEC, FCA, IFSC, ASIC. It is a global trading platform that offers a US $30 no deposit bonus to first-time customers who open a real trading account.
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1) Open a trading account: To take advantage of this bonus, traders must open a real trading account with XM. You can easily open it from here.
2) Verify Account: Log in to the member’s area to verify the credentials sent by email. Then, merchants must provide documents for identification and account validation. SMS phone verification should then be done.
3) Credit bonus: After this, the bonus is credited to the live account, ready for trading. The bonus is available only until you lose it or withdraw the profit from the account. Post email and SMS confirmation, user can confirm the transaction and login to the system.
FBS is a CySEC and IFSC regulated broker offering the highest bonuses. It is currently running multiple bonus offers, each with different amounts and terms. One of their most popular no deposit bonus offers is the Trade 100 bonus, where you can get $100 in free funding.
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2) Verify your account and get credit: You need to verify your account with FBS. Once your account is verified, bonus funds will be automatically credited to your account.
3) Start trading: You must use MT5 account to trade for 30 days. And before you can withdraw any profits made with the bonus, you must meet the conditions set by FBS.
InstaForex is another broker that offers no deposit bonuses. Their promotional bonus is called Start Up. They do not require any verification to take advantage of the bonus, but you have to make an initial deposit before withdrawing the profits.
Note: InstaForex is not on our recommended forex broker list for 2019, so we do not recommend them. If you are choosing to take advantage of their no deposit bonus, please do so at your own risk.
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1) Open a trading account: To take advantage of the signup bonus you need to open a trading account at InstaForex.
FXOpen is a regulated forex broker. They have been offering a $10 signup bonus with their STP account for some time now and this is also available to Nigerian traders.
3) Receive Bonus: After this, the bonus is automatically credited to the STP account. To take advantage of this bonus, you must register an FXOpen eWallet.
First you should understand that the bonus is for commercial purposes only. This should be used as a way to practice in a live trading environment, and you should not see it as free cash.
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In general, there are some general rules (that you should know) set by all no deposit bonus forex brokers:
1. You cannot withdraw the bonus but you can withdraw the profit you made while trading with that bonus.
2. You should trade minimum lots for the required duration until the broker conditions are met.
4. There may be other conditions set by the broker, and you should check this first before choosing any no deposit bonus broker.
How To Choose The Right Trading Bonus For You
We have compiled this list of some important points that you should consider before claiming a bonus with any broker.
Just because you aren’t depositing any money to trade, doesn’t mean you should choose any broker that offers a bonus. Some brokers will tempt you with extravagant bonus offers, but their withdrawal terms are very poor and poor, often requiring you to make a deposit before withdrawing any profits made with the bonus.
For example: Instaforex requires you to make a deposit before withdrawing any profits made with the bonus. It is not a favorable term. Even XM requires some level of trading activity in terms of trading volume before you can withdraw any profits by trading the bonus.
So make sure to read the terms carefully before choosing any broker for no deposit bonus. If there is something you are not sure about, do not hesitate to contact the broker’s support.
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Unregulated brokers have no obligation to commit to the terms set by regulatory bodies, and often use no deposit bonuses to attract new traders and get them to deposit real money.
Check if the broker is approved, certified and regulated by the right authority like FCA (UK), CySEC (Cyprus), ASIC (Australia) or FSCA (South Africa).
Without regulation, you cannot back up the legitimacy of the broker or file a complaint against the broker in case of any malpractice.
Note: If you are looking for highly regulated and reliable brokers to start forex trading with low deposit, you can check our list of best forex brokers in Nigeria.
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Don’t fall for the huge bonus amount, but go for reliable platforms that have proven reputation history over the years, among existing traders.
Most of the regulated forex brokers that generally offer good services also offer transparent bonus offers. So if a good regulated forex broker is offering a bonus, it is a no-brainer to go for it.
You should carefully read the reviews of other traders, and also talk to other traders if they have any experience with the broker you are going to choose, before you choose any broker that will make a deposit. Does not offer bonuses.
For example: XM Forex is a reputable forex broker and is also the #5 forex broker in Nigeria according to our XM Forex reviews by our experts and users. So there is a good opportunity for them to start no deposit bonus.
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Before trusting a broker check his reviews, website and online reputation, even in case of no deposit bonus. This is your time at stake.
Do not be tempted by large bonuses, as some brokers that offer deposit bonuses may be unreliable or unregulated. In such a case, you risk wasting your time and effort.
Instead, base your decision on the broker’s reputation, and choose a broker that is regulated by multiple top-tier regulators and offers the right trading platform and services. If a regulated broker is offering a deposit bonus, you can trust it.
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