10 Forex Deposit Bonus Brokers
Since there are low transaction costs and a large global market for foreign currency trading, it draws thousands of new investors every year. The ideal way to participate in the Forex market, as with any other, is through the use of a broker.
Because there are so many forex brokers to select from, it’s best to have a clear idea of what you want before signing up for a service. In addition, many of them provide a variety of perks, making it easier for you to select the one that is right for you.
However, only a few brokers offer a deposit bonus to new traders who sign up for an account.
In this article we list 10 of the best Forex brokers who offer a welcome deposit bonus alongside excellent trading conditions.
IFX Brokers
Overview
IFX Brokers is an online trading platform that combines traditional trading with cutting-edge innovation. Private and institutional clients can trade and invest in more than 200 products across six asset classes using the broker’s cutting-edge MetaTrader 4 and MetaTrader 5 trading platforms.
If you open an IFX Brokers Standard Account, you are eligible for the IFX Sign-Up Bonus. First-time deposits are rewarded with a 50% Deposit Bonus, while recurring deposits are rewarded with a 50% Deposit Bonus, up to a maximum cumulative bonus allowed.
Pros and Cons
| PROS |
|
High leverage available |
|
MetaTrader 4 is supported. |
|
Resources for learning are available |
| CONS |
|
Features
FEATURE | INFORMATION |
Regulation | FSA |
Minimum deposit from | ZAR100 |
Average spread from | 0.5 pips |
Commissions from | NA |
Deposit/Withdrawal Fees | NA |
Maximum Leverage | 1:500 |
Bonuses | NA |
Customer Support | 24/5 |
RoboForex
Overview
It’s easy to trade with RoboForex because it’s a regulated broker with a large range of technological options, services, and a great overall trading experience.
RoboForex will provide you up to a 120 percent deposit bonus for every new deposit you make, increasing your trading volume and allowing you to earn more. You’re allowed to take your bonus money’s profit out of your trading account.
Pros and Cons
| PROS |
Tight spreads of 0.0 pips |
Fast order execution |
Wide range of deposit currencies |
| CONS |
No fixed spread accounts |
|
Features
FEATURE | INFORMATION |
Regulation | IFSC, CySEC |
Minimum deposit from | $10 |
Average spread from | 0.0 pips |
Commissions from | None |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:2000 |
Bonuses | $30 Welcome Bonus |
Customer Support | 24/5 |
FBS
Overview
FBS, a prominent ECN and STP broker, offers a comprehensive choice of high-quality trading alternatives to its clients. FBS offers MetaTrader 4 and MetaTrader 5 trading platforms, both of which feature more than 75 different trading products.
New traders at FBS can take advantage of a 100 percent match on their initial deposit. It’s ideal for traders at the beginning of their careers who want to get a feel for the markets and the platform without risking any money.
FBS is also convenient to use and has less withdrawal requirements, which helps.
Pros and Cons
| PROS |
Ultra-fast trade execution |
Low spreads and commissions |
|
| CONS |
Deposit and withdrawal fees |
|
Features
FEATURE | INFORMATION |
Regulation | CySEC |
Minimum deposit from | $100 |
Average spread from | 0.0 |
Commissions from | $6 |
Deposit/Withdrawal Fees | Variable depending on method |
Maximum Leverage | 1:3000 |
Bonuses | 100% Deposit Bonus |
Customer Support | 24/5 |
AvaTrade
Overview
AvaTrade was established in Dublin, Ireland, in 2006. There are 150 offices of the company around the world. It presently has over 200,000 registered users and processes over 2 million transactions each month.
AvaTrade’s dependability and trustworthiness are bolstered by its excellent trading conditions. They have five continents of accreditation and are a market leader.
To take advantage of the AvaTrade welcome bonus, your account must be validated and filled in full. After placing a deposit, you must also meet the trading volume requirement within the six-month time frame. Until then, you can’t cash out your welcome bonus.
Pros and Cons
| PROS |
Broad range of tradable instruments |
MetaTrader 4 and 5 available |
Excellent educational resources |
| CONS |
High EURUSD and inactivity fees |
|
Features
| FEATURE | INFORMATION |
| Regulation | Central Bank of Ireland, MiFID, ASiC, BVI |
| Minimum deposit from | $100 |
| Average spread from | 0.9 pips |
| Commissions from | No commission on Forex |
| Deposit/Withdrawal Fees | None |
| Maximum Leverage | 1:400 |
| Bonuses | First Deposit Bonus |
| Customer Support | 24/5 – multilingual |
XM
Overview
Since its inception in 2009, XM Broker has grown into an industry leader. It began by focusing solely on providing intermediary services on the foreign exchange market for traders in a very specific area.
Success and expansion have followed it since. XM is dependable and safe to use. Now, it’s a worldwide broker that serves clients in nearly 190 countries.
At any point, a trader’s welcome bonus can be cashed out. To begin, however, they must have an actual trading account volume of at least 10 micro-lots, which are equal to 0.01 standard lots. Another requirement is that the trader must have completed at least five rounds of trading.
Pros and Cons
| PROS |
Low minimum deposit |
Comprehensive educational offering |
Streamlined account opening process |
| CONS |
Inactivity fee charged after 90 days on live accounts |
Limited product portfolio |
|
Features
FEATURE | INFORMATION |
Regulation | IFSC, ASIC, CySEC, FCA and DFSA |
Minimum deposit from | $5 |
Average spread from | 0.1 pips |
Commissions from | $3.5 commission per $100 000 traded |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:30 |
Bonuses | Welcome Bonus |
Customer Support | 24/5 |
Exness
Overview
Many asset types can be traded on Exness, with a wide variety of options available. It is possible for traders to receive customised solutions based on their specific goals, objectives, trading styles, methods, as well as their prior experience.
Trading conditions offered by Exness include low spreads, minimal commissions, large leverage ratios, and low minimum deposit requirements.
All new customers who choose to open a live trading account with Exness are eligible for a welcome bonus. The sign-up bonus is determined as a percentage of the net deposit and is a +10 percent bonus.
When monies are deposited into a trading account, the net deposit is the difference between those amounts and those funds that are taken out.
Pros and Cons
| PROS |
Well-regulated |
Tight spreads |
Over 130 currency pairs |
|
| CONS |
|
Features
FEATURE | INFORMATION |
Regulation | CySEC, FCA |
Minimum deposit from | $1 |
Average spread from | 1.3 pips |
Commissions from | 3 USD and 10 USD per 1 lot for CFDs |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:2000 |
Bonuses | Standard +10% Bonus Programme |
Customer Support | 24/5 – multilingual |
FXTM
Overview
With offices in Mauritius, the UK, Cyprus, and South Africa, FXTM is a well-respected ECN and STP broker that adheres to the laws of each of these jurisdictions. FXTM is a well-respected broker that keeps client funds separate from the firm’s own in segregated accounts.
New traders who open an account with FXTM are eligible for a 30% deposit bonus.
Pros and Cons
| PROS |
Superb customer service |
High maximum leverage |
Great educational tools |
| CONS |
Inactivity and withdrawal fees |
Limited product portfolio |
Features
FEATURE | INFORMATION |
Regulation | CySEC, FCA, FSCA |
Minimum deposit from | $100 |
Average spread from | 0.9 pips |
Commissions from | No commission |
Deposit/Withdrawal Fees | $3 |
Maximum Leverage | 1:500 on average |
Bonuses | 30% deposit bonus |
Customer Support | 24/5 |
FXCM
Overview
FXCM is a UK-based STP broker that was founded in 1999. Some of the best liquidity providers in the market, like Barclays Bank, Citibank and Deutsche Bank, are the source of FXCM’s cheap pricing. When you open an FXCM trading account for the first time, you will earn a $300 deposit bonus.
Pros and Cons
| PROS |
Excellent educational resources for beginner traders |
Low minimum deposit requirement |
Advanced research tools |
Excellent customer support |
| CONS |
No Web Trader option available for trading platforms |
Rudimentary mobile trading platform |
Limited product portfolio |
Features
FEATURE | INFORMATION |
Regulation | FCA, ASIC, ACPR, FSP |
Minimum deposit from | $50 |
Average spread from | 1.3 pips |
Commissions from | £4 per standard round-turn lot (£2 per side) |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:400 |
Bonuses | $20 Welcome Bonus |
Customer Support | 24/5 |
HotForex
Overview
With a choice of trading accounts, strong platforms and numerous trading features, HotForex is one of the most popular forex brokers in the world. Deposits of $50 or more are eligible for a 20% bonus from HotForex.
Pros and Cons
| PROS |
No deposit or withdrawal fees |
Competitive spreads |
|
| CONS |
High commission charges on the Zero account |
|
Features
FEATURE | INFORMATION |
Regulation | CySEC, DFSA, FCA, FSA, FSCA |
Minimum deposit from | $5 |
Average spread from | 0.0 pips |
Commissions from | USD 0.03 per 1K lot. |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:1000 |
Bonuses | 100% Supercharged Bonus |
Customer Support | 24/5 |
Naga
Overview
NAGA Trader has established a reputation as one of the greatest platforms for stock trading, CFDs, and FX trading thanks to the recent addition of cryptocurrency trading.
NAGA Trader offers a wide variety of charting tools, AI-based algorithms, and other trading solutions to fulfil the needs of a wide range of investors and traders. Naga offers a $100 deposit bonus on first deposits of $500.
Pros and Cons
| PROS |
Investors Compensation Fund Member |
Range of user-friendly platforms |
Range of deposit and withdrawal methods |
Wide range of tradable instruments |
|
| CONS |
Only supports 11 cryptocurrencies |
Small withdrawal fee charged |
Web-based trading platform may not attract professional traders |
Features
FEATURE | INFORMATION |
Regulation | CySEC |
Minimum deposit from | $30 |
Average spread from | 0.0 pips |
Commissions from | 0.20% on Equities and ETFs |
Deposit/Withdrawal Fees | Yes |
Maximum Leverage | 1:200 |
Bonuses | Yes |
Customer Support | 24/5 |