Forex bonus: best bonuses with & without deposit (no deposit)

throttll
October 1, 2021
We look at the different types of forex broker bonuses to make choosing the right broker according to your expectations and ideas easier.
forex-broker-bonuses

If you want to get into Forex trading, you have to look for a suitable provider. And since the selection of Forex platforms and trading opportunities are large, the providers try to outdo each other with bonuses for their customers. This is extremely convenient for the customers themselves.

To get the best out of the Forex provider, you should compare the offers of the different platforms. Because only then do you understand what the different Forex bonuses are all about. We look at the different types of forex broker bonuses to make choosing the right broker according to your expectations and ideas easier.

Table of Contents

What is a forex bonus?

Some traders may already be familiar with the concept of bonuses from other types of platforms.

For example, there is usually a juicy bonus on top of the deposit for the first deposits in online crypto casinos. But, on the other hand, people are less used to the concept of crypto exchanges.

In forex trading, some representatives rely entirely on bonuses for their customer acquisition, irrespective of a deposit.

That’s why we started looking for the best brokers with bonuses with and without deposits.

Especially newcomers to trading bonuses often do not know what these bonuses are and how they can best use this offer for themselves. And even as an experienced trader, it makes perfect sense to stay up to date with the area of ​​trading bonuses. The popular bonuses are not only available for newcomers, but also loyal customers.

While the bonuses are mostly seen as a type of gift, some terms and conditions are associated with the bonuses. Therefore, before deciding on a provider with bonuses, you should read the terms and conditions for the bonuses carefully.

In most cases, a bonus is tied to a certain platform or a specific area.

Forex Bonus Types:

There are three main groups of bonuses in the world of forex bonuses. First, the forex providers focus their bonuses on the different user groups of the platform. Accordingly, it is quite possible that not every trading bonus will suit every forex trader.

Forex registration bonus:

The first group of forex trading bonuses is the group of entry bonuses. The entry bonuses are about turning interested Forex brokers into active customers on one platform. Accordingly, only those addressed here who do not yet have a customer account and are registering for the first time.

This registration bonus is aimed at newcomers. Usually, it can only be redeemed once and is subject to various turnover conditions.

Once you have settled in with a forex trader, you have a good chance of securing bonuses for loyal customers in some places. For example, those who regularly trade forex on a trading platform are often rewarded with loyalty offers. This type of bonus is used to reward existing customers for their loyalty.

As a regular visitor to the trading platform, you get access to special extras not offered to other traders.

Forex Affiliate Bonus:

Another forex no deposit bonus is the affiliate program. As a registered customer, anyone who makes another forex trader via a corresponding link to a new customer receives a forex bonus from the providers. This type of offer is not available on all platforms.

Forex Third Party Bonus:

Last but not least, there are third-party bonuses. Mostly these third party providers are between the forex trader and the main trader. Here, too, there are extremely interesting bonuses available from time to time.

forex-broker-bonuses

Forex No Deposit Bonus & Forex No Deposit Bonus:

In addition to the three main groups of bonus payments, there is also the option of dividing these payments into two further categories: the forex bonus without deposit or the forex bonus with deposit. To secure a trading bonus, you do not necessarily have to make a deposit.

The no deposit bonus is an offer that some platforms offer their new customers. Such a welcome bonus is available for new customers regardless of a financial contribution. Anyone who registers with a provider with a no deposit bonus will immediately be credited to their account.

There is also the forex bonus with a deposit. This is usually found on platforms that do not offer the forex bonus without a deposit. As soon as a new customer makes a deposit, the trader is rewarded with a bit of extra. This type of bonus is usually only available once as part of a welcome bonus.

The best forex brokers with and without a bonus in comparison:

Select broker

valuation

4.204.704.703.70

Mobile app rating

9/109/108/109/10

regulation

FCA, CySEC, ASIC, CFTC, NFA, BAFINFCA, CySEC, ASIC, CFTC, NFA, BAFINFCA, CySEC, ASIC, CFTC, NFA, BAFINFCA, CySEC, ASIC, CFTC, NFA, BAFIN

account

Min. Deposit

€ 10€ 20€ 100€ 100

Min. Spread

0.00.120.008

Max. Leverage

10: 120: 130: 130: 1

Currency pairs

1001007050

Fees & Spreads

EUR / GBP

0.00.80.0151.5

EUR USD

0.00.60.0080.9

EUR / JPY

0.00.1221.8

EUR / CHF

0.00.280.032

GBP / USD

0.00.80.0131.6

GBP / JPY

0.00.303rd2.5

GBP / CHF

0.00.500.043.1

USD / JPY

0.00.9011.1

USD / CHF

0.00.130.0171.6

JPY / CHF

0.00.15N / A

Other fees

Overnight fee

var.based on leveragevar.For EUR / USD about 1.4 percent per lot

Conversion fee

var.0.00.7var.

Trading platforms

demo

WebTrader

MT4

STP / DMA

MT5

lever

FCA

30: 130: 130: 130: 1

CySEC

30: 130: 130: 130: 1

ASIC

30: 130: 130: 130: 1

CFTC

30: 130: 130: 130: 1

NFA

30: 130: 130: 130: 1

BAFIN

30: 130: 130: 130: 1

Assets

Forex

Indices

Actions

Cryptocurrencies

Raw material

ETFs

Additional functions

Islamic Account

Education & Webinars

Charts & Tools

Scalping

Free Forex Signals

Spread betting

Automated Trading

Deposit methods

Bank transfer

Credit card

Giropay

Neteller

Paypal

Sepa transfer

Skrill

Instant bank transfer

How does a forex broker work?

forex-broker-bonuses

A forex broker is an intermediary between a trader, i.e. customer, and the interbank market for currencies. A basic distinction is made between market makers and ECN / NDD brokers. The forex broker does not place the traders’ orders directly through the real interbank market with the market makers.

First, the order is sent to an internal system, where the positions between the customers are linked. Then, the market maker broker safeguards this game of internal supply and demand through developments in the real markets. Usually, this form of processing is quite complex.

There is no internal system at the EXN / NDD brokers. Because the order goes directly to the real interbank market, this gives customers direct and authentic market prices without any distortion. With both forms of forex brokers, there are different bonuses for the users to tap. We will now see what these are.

How do you choose the right forex broker bonus?

To benefit from the many different forex broker bonuses, you should first know your trading strategy. Is it about choosing a suitable Forex broker for the first time, and how often do you want to devote yourself to trading?

If you regularly trade in this area, it is less worth paying attention to the welcome bonus amount but looking for providers who offer hardworking traders a financial incentive. On the other hand, if you want to immerse yourself in the world of Forex trading for the first time and do not yet have a fixed trading routine, a full welcome bonus may be enough to get started with the topic more cheaply.

Since there is always fake news and incorrect information about the providers in the Forex broker sector, you should not decide on the first provider. Even if there is a tempting bonus there, the first thing to do is find out more about the platform’s operator.

First of all, you should look around the provider’s website very carefully. There is usually an imprint that contains essential information about the company’s location, the operator and the like. In addition, information about the license and regulation by a public authority should also be part of the basic equipment.

Depending on the location, the operators must carry out a Know Your Customer (KYC) process for new customers. This verification or authentication is intended to prevent money laundering and terrorist financing. Often providers who do not integrate this point into the account opening are considered dubious.

However, depending on the company’s location, the KYC process is not always mandatory. What a serious provider should have, however, is the possibility to contact customer support.

forex-broker-bonuses

The Forex Broker Fees & Costs

To be happy with a provider in the long term, you should pay attention to a few other criteria. For example, some costs also play a role when using a platform. However, with the search for a lucrative bonus, the focus was entirely on maximizing profits.

However, some traders quickly overlook the fact that there are huge differences in fees between the platforms. On the one hand, there are the conditions for deposits and withdrawals or the fees for the various trading options.

Concerning Forex trading, the customer is usually informed of the costs involved by the spreads. Most major spreads are given in pips. These costs can be explored well in forex broker spread comparisons. Especially for exotic currency pairs, there are usually higher costs.

Before opening an account, it is good to know what approximate costs could be incurred for the majority of the targeted trade. In addition, it is always good to know when trading forex: There are enormous cost differences between the platforms regarding leverage functions.

The small print usually also contains information about the possible additional fees. For example, one of the most common additional fees is the inactivity fee.

This usually arises after a few months if the customer has not engaged in any trade. Further cost traps can be fees for deposits and withdrawals. Certain trading features or add-ons can also be associated with costs.

Here is an overview of the fees from our test winner for Forex Bonus Capixal :

instrumentLeverageMarginSpreadsaleBuy%
EUR USD30: 13.33%0.91.189471.189560.62
GBP / USD30: 13.33%1.61.334331.334491.08
USD / JPY30: 13.33%1.1105.319105,330-1.26
EUR / JPY30: 13.33%1.8125.274125.292-0.63
AUD / USD20: 15.00%1.10.734760.734871.07
EUR / CHF30: 13.33%21.075261.075460.06
EUR / GBP30: 13.33%1.50.891340.89149-0.46
USD / CAD30: 13.33%21.311201.31140-0.08
USD / CHF30: 13.33%1.60.903940.90410-0.58
NZD / USD20: 15.00%1.80.673680.673861.38

On Capixal drop charges in the form of spreads, overnight fees, maturity extensions, corporate actions and inactivity fees. Traders can open the profile for free. Forex and CFD trading options expire commission-free; the Capixal’s fees are included in the spread of the contract. The conditions in the spread area are happier because these are almost always between three and five pips even with the FX majors.

Capixal’s offering is also in step with the competition when it comes to spreads on currencies. The EUR / USD currency pair has spread of at least 1.0 pips on the platform. The CFD spreads vary greatly depending on the financial instrument. For example, there is no Capixal fee on the AEX market over a spread of just 0.1, while the FTSEMIB has a hefty 10 pips.

Overnight fees arise when open positions are held overnight. Holding a short position overnight incurs a Capixal fee of around 1.4 per cent per traded lot for the EUR / USD currency pair. In the case of a buy position, 0.8 per cent is credited.

Fee typecosts
Overnight feeFor EUR / USD, about 1.4 per cent per lot
Inactivity fee40 euros per customer per year after 6 months

After a six-month break in trading, the broker charges its customers 40 euros per year inactivity fee. Capixal’s does not charge any fees for deposits and withdrawals.

The forex broker trading offer

forex-broker-bonuses

The trade offer is always decisive when it comes to choosing a suitable broker. Therefore, one should be seduced by the forex bonus and carefully check the trade offer. Because if there are dramatic gaps here, trading with a trading bonus is not a fun affair.

The most common trading offers include the currency pairs with the largest currencies. Here the fees should be pretty low as this is a basic offering. In addition, larger forex brokers also offer exotic trading pairs and minor currencies. This offer is mostly aimed at experienced dealers.

Usually, forex trading with exotic trading pairs or secondary currencies incurs higher costs – but there are always worthwhile bonus offers. For example, if you want to look at exotic currencies, you could get affordable access to them through a bonus offer.

What should not be forgotten about the trade offer: Which features, options, add-ons, gadgets, and bots are available? Each platform has its setup, which should suit the trader in the long term.

Especially when it comes to getting one or the other forex bonus as a regularly returning customer, you should also look for an app belonging to the platform to take advantage of the best possible trading at all times.

The following currency pairs can be traded on  Capixal :

Major Currency Pairs

  • EUR USD
  • GBP / USD
  • USD / JPY
  • EUR / JPY
  • AUD / USD
  • EUR / CHF
  • EUR / GBP
  • USD / CAD
  • USD / CHF
  • NZD / USD
  • AUD / JPY
  • GBP / JPY
  • EUR / CAD
  • EUR / AUD
  • AUD / CAD
  • AUD / CHF
  • AUD / NZD
  • CAD / CHF
  • CAD / JPY
  • CHF / HUF
  • CHF / JPY

Smaller currency pairs

  • EUR / DKK
  • EUR / HUF
  • EUR / NOK
  • EUR / NZD
  • EUR / PLN
  • EUR / RUB
  • EUR / SEK
  • EUR / TRY
  • EUR / ZAR
  • GBP / AUD
  • GBP / CAD
  • GBP / CHF
  • GBP / HUF
  • GBP / NZD
  • GBP / SEK
  • GBP / SGD
  • NZD / CAD
  • NZD / CHF
  • NZD / JPY

Exotic currency pairs

  • USD / CNY
  • USD / DKK
  • USD / HUF
  • USD / MXN
  • USD / NOK
  • USD / PLN
  • USD / RUB
  • USD / SEK
  • USD / SGD
  • USD / TRY
  • USD / ZAR
  • USD / CLP
  • USD / ILS
  • EUR / ILS
  • GBP / ILS
Forex bonus conclusion: best forex broker with bonus with and without deposit:

In our research on the various forex bonuses, we gathered some interesting information about this area. For one, we now know that there are very different types of forex broker bonuses. There are, for example, welcome bonuses or loyalty bonuses for existing customers.

At the same time, there is also the possibility of taking advantage of some extra offers by recruiting new customers. A distinction is also made between the forex bonus without deposit and the forex bonus with a deposit for welcome bonuses.

It should be noted that many bonuses are not permitted in the EU and therefore cannot be claimed by EU citizens!

As soon as you know what different bonuses offer, you can start looking for the right provider. But, of course, not every forex broker has all the bonuses on offer, which doesn’t matter much because not every bonus is interesting for every trader.

Perhaps, when entering this trading area, a trader is initially interested in a motivating welcome bonus with a minimum deposit? Or a steady trader is looking for an option to optimize forex trading through regular bonuses.

Regardless of which Forex bonus you choose, it is fundamentally important that you first check whether the platform providers are working properly. At this point, we can recommend the broker Capixal, as it has by far the best conditions for Forex trading and is fully regulated and licensed.

4.9
4.9/5

Our recommendation: Trading at Investby

Our recommendation: Trading at Investby

  • The broker provides an Islamic Account
  • It provides a dedicated account manager
  • Receive customised investment news
  • Trade with a variety of assets
  • There’s no deposit limit
ABinvesting Review
4.5
4.5/5

Our recommendation: Trading at ABInvesting

  • Acknowledge the financial markets through education material 
  • Free VPS is available 
  • Get a swap discount of 50 per cent 
  • Islamic Account is available to traders 
  • Select account types of your interest
4.9
4.9/5

Our recommendation: Trading at PrimeFin

  • Fifth decimal available 
  • Spreads begin from 0.03 pips
  • Commission is zero  
  • Full 10-hour support  
  • News alerts and VPS for traders

FAQs

The exchanges are open 24 hours on weekdays. However, this is not the case on Saturday and Sunday.

Preferably via CFDs with an online broker. You can also speculate on cryptocurrencies on weekends.

In overnight trading, additional costs can arise from positive or negative swaps, for example.

Here on Securedbrokers, we have summarized some guides on the topic of forex. You can find more articles in the menu under forex.

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