Compare the best forex brokers with no deposit bonuses

You can start forex trading just by signing up if you choose a broker with a no deposit bonus. This page compares the best offers available and shows you how to choose between them.
By: James Knight
James Knight
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work,… read more.
Updated: Jan 25, 2022
Tip: our preferred broker is, eToro: visit & create account

This beginner’s guide explains the different no deposit bonuses available and how you can find them. Find out how to pick out the best broker and get your key questions answered.

What are the best forex brokers with a no deposit bonus?

If you want to sign up for a broker right away, these are the best forex platforms that offer a no deposit bonus. You can head to their websites using the links in the table below, or keep reading to get more information first.

1
Min. Deposit
$10
Promotion
User Score
10
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro offers a wide range of currency pairs and other trading instruments. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
2
Min. Deposit
$10
Promotion
User Score
9.3
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Start Trading
Description:
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Payment Methods
Bitcoin, Credit Card, Debit Card, Visa
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.
3
Min. Deposit
$10
Promotion
User Score
8.7
Can fund with BTC
64 global companies including Netflix and Amazon
Free deposits and withdrawals
Start Trading
Description:
EagleFX is an online digital asset, Forex and CFD broker providing traders across the globe with cutting edge technology to trade the world’s markets. Our focus has been to change the way people trade Digital Assets and Forex. We are driven to provide traders with incredibly low-cost pricing across all Digital assets, FX, stocks, indices, commodities and futures along with industry-leading 24/7 live customer support.
Payment Methods
Bitcoin, Credit Card, Debit Card, Wire Transfer
Full regulations list:
EagleFX offers leveraged trading on a range of assets within its platform. CFD and Spot Forex trading do carry a degree of risk which may result in you losing more than your initial investment. Please ensure you fully understand the risks involved with leveraged trading and ensure this is not detrimental to your personal or institution's financial well being.

What is a forex broker?

It’s an online platform that acts as the middleman between you and the foreign exchange market. You need a broker to buy or sell different currency pairs and each platform comes with its own set of pros and cons.

Many of these platforms offer a bonus to entice new customers to the platform. Sometimes you have to deposit some money into your account in order to qualify for it, but it’s possible to find brokers that give you a bonus simply for signing up. 

What is a no deposit bonus?

It’s a bonus that’s paid into your account as soon as you sign up for a broker. It’s in contrast to most offers, which require you to deposit a certain amount in order to access it. A no deposit bonus can be a good way of testing out a platform, or getting started on the forex market without having to put any of your own money at risk.

The bonus normally takes the form of a fixed sum and comes with some strings attached. It’s standard practice for the broker to require that you make a certain amount of trades before you can withdraw any money. Often that means you have to ‘turn over’ the initial bonus amount two or three times before you can take any money out.

Things to look out for

Along with offering a bonus you need to make sure that the broker you choose is a reliable platform that can help you get the best out of the forex market. Consider all these factors, as well as the size of the bonus offer, before signing up with a broker.

Design and ease of use

Look for a platform that makes it easy to find important information with a clean, simple interface. If you want to make trades on the go then prioritise one with a quality forex broker mobile app. If you’re a beginner, then a broker that offers up useful advice to guide you in the right direction might be best.

Currency pairs available

Foreign currencies are traded in pairs. The ‘major’ pairs include the US Dollar against seven other leading currencies. The ‘minors’ are combinations of those currencies excluding the dollar, while ‘exotics’ include currencies from developing markets that tend to be much more volatile.

The majors make up more than 85% of all trading volume in the forex market and it’s easy to find a broker that offers those. If you want to trade the minors or, especially, exotic currencies, then you might have to look more carefully in order to find a broker that offers them.

Fees and charges

Every broker charges fees for certain actions and these vary from platform to platform. The most common charge is in the form of trading fees, which might be a flat rate of a few pounds per trade or a percentage of each transaction. It’s best to prioritise as low fees as possible, especially if you intend to make lots of trades.

Lot sizes

Forex trading is done in lots, which stands for the size of the trade. The standard lot size is $100,000, while there are smaller lots available, known as mini lots ($10,000), micro lots ($1,000), and nano lots ($100).

Most traders don’t put down the full amount on every trade themselves. Instead they use leverage to borrow money from their broker and multiply their stake up to the value of a lot. Beginners should start with one of the smaller lot sizes as it uses less leverage, which means it’s less risky.

Quick answers to key questions

Can I sign up for more than one bonus?

Each broker only lets you sign up for its bonus once. There is no limit to the number of different brokers you can sign up to in order to benefit from lots of different bonuses.

What types of bonuses are there?

No deposit bonuses tend to take the form of a lump sum of cash. Usually these bonuses are smaller than the ones on offer if you sign up for a deposit matching bonus, and often need to be ‘turned over’ a certain amount of times before you can withdraw any money.

Should I sign up for a bonus?

If you intend to trade forex and want to get a boost to your cash to start with, a bonus is a great option. It can give you a bit of cash to start trading with, or supplement your deposit so that you can make bigger trades from the off.

However a bonus shouldn’t be the only reason you sign up for a broker. You still want to find a trading platform that’s reliable and regulated and that offers you the chance to be successful. You should still restrict yourself to choosing between the best forex brokers, even if that means sacrificing a little bit in the form of a bonus.

Where can I learn more?

Invezz has all the forex news and information you need. You can learn how to trade forex and explore the pros and cons of different currency pairs. Or you can follow the latest developments in the currency markets. Alternatively, if you want to learn how foreign exchange works before anything else, you can find the most up to date courses in our education section.

The U.S. dollar slipped on Thursday on reports of soft U.S. inflation data for January, as well as the Fed’s decision to maintain accommodative policy stance. Fundamental analysis: Inflation continues to trend lower Core inflation in the States was reported at 0% in January, compared to the expected 0.2%. Head…
Treasury pick and the former Fed chief Janet Yellen is due to testify on Capitol Hill today. She is expected to reaffirm that the Biden-led US administration won’t pursue a path of weaker dollar. Fundamental analysis: Change in policy compared to Trump Janet Yellen, U.S. Treasury nominee picked by U.S.
The dollar is likely to start a bearish cycle in case the Democratic candidate Joe Biden wins in the next month’s elections, analysts believe.  Fundamental analysis: Dollar remains vulnerable The U.S. dollar remains vulnerable to “substantial devaluation” as the fundamental aspect of the market points towards a deeper pullback,…

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Lead content editor
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work, James is an avid trader and golfer… read more.