Go to XM Group
|Bonus of $30 without deposit and bonuses of up to $5,000 per deposit.(*) Clients registered with XM Group's EU-regulated entity do not have access to the bonds.|
Demo Account: Yes, unlimited
Minimum Deposit: 5 $
Trading Platforms: MetaTrader 4, MetaTrader 5.
Execution: Market Maker
Regulation: CySEC, IFSC and ASIC
Web Page: https://www.xm.com
What are the best brokers with no deposit bonus?
After having tested and analysed numerous online brokers, the table above lists the most recommended brokers to start investing that offer welcome bonuses without the need to deposit funds.
There are a large number of Forex and CFD brokers that offer significant bonuses for making an initial deposit of funds into your trading account (deposit bonus brokers), even doubling the amount deposited and thus considerably increasing your trading capacity. However, to get this type of bonus you must deposit your money into an account. The amount they offer as a bonus, i.e. the deposit bonus, is usually higher the more money you deposit and you cannot withdraw the bonus amount; or they require a number of conditions, e.g. a minimum number of trades before you can withdraw it. In any case, getting the bonus means that you must first deposit your money.
To overcome the distrust of potential clients, some brokers choose to offer a welcome bonus without the need to make a deposit. These types of bonuses are usually small (usually around $25 or $30), but have the great advantage of allowing you to open a real account and test the trading platform, as well as the trading conditions offered by the online broker without any risk, as you do not have to deposit your money. This way, you can see for yourself if the broker meets your needs and if the conditions it offers are suitable for your trading style by trading with the bonus amount first, before you have to deposit funds and make a monetary outlay.
In other words, through a no-deposit bonus, among other things, you can assess whether the broker meets your needs:
- The reliability of the online broker.
- Its speed.
- How it works in general.
- The commissions charged by the broker.
- Whether the conditions are suitable for your trading style.
- The financial markets you are best suited to and the broker’s conditions for each of them.
In many cases, in addition to the no-deposit welcome bonus, the broker may also offer deposit bonuses, which will increase your trading capacity (by increasing the initial capital in your account). By looking at the offers available in the table above, you can easily select the broker that best fits what you are looking for. This is a very useful type of promotion for beginner traders, as it gives them the opportunity to get a feel for the real market without having to shell out any money. It is a good way to build up your trading skills through real money trading.
Generally, all you need to do to qualify for the bonus is to complete the application form to open your live trading account. When you complete the sign-up process, the amount will be automatically added to your account balance and from this point onwards you can start investing under the same conditions as if it were your own money: you have a real trading account for all intents and purposes. Withdrawal conditions may vary from one broker to another and/or a minimum trading volume may be required to withdraw funds from your account. All these issues can be consulted in the terms and conditions that the broker has established on its website.