Best Forex Bonus Offers for 2023 – Compare Forex No Deposit Bonuses

One of the key ways that forex brokers appeal to potential customers is by offering cash bonuses for signing up and trading. The best forex bonus offers can be worth a lot of money, especially for high-volume traders.

In this guide, we’ll take a closer look at the top forex bonus offers in 2023 and explain how traders can claim them. We’ll also highlight some of the top features of the best bonus forex brokers.

Your capital is at risk. 78% of retail investor accounts lose money when trading CFDs with this provider.

Top Forex No Deposit Bonuses & Offers Reviewed

Want to know more about how to trade forex with bonus funds? We’ll take a closer look at each of the best forex bonus offers and explain how traders can claim them today.

1. eToro – Get $250 with a $5,000+ Deposit

eToro is one of the best copy trading platforms for forex trading. With eToro, traders can automatically mimic the moves of more experienced forex traders, matching their every buy and sell order.

Automated forex trading software makes it far easier for new traders and traders with limited time to stay active in the forex market.

eToro is currently offering a bonus for traders who make a deposit of $5,000 or more. Traders who meet this deposit threshold – whether on their first deposit or a subsequent deposit – will instantly earn $250 that they can use for trading. The minimum for forex copy trading at eToro is only $200, so that’s enough to start following a favorite trader.

Making a $5,000 deposit also earns traders access to the exclusive eToro Club. This is a loyalty program offered by eToro that includes access to exclusive webinars, a dedicated account manager, trading signals, eToro swag, and more. Higher-tier Club members can even get complimentary subscriptions to Business Insider, the Wall Street Journal, and the Financial Times.

eToro’s $250 bonus offer runs through the end of the year. The bonus is credited to users’ accounts within 30 days of the qualifying deposit and the bonus can only be earned once. Furthermore, with the best forex cent account you can speculate on major currency pairs with a minimum lot size of just 0.01.

Your capital is at risk. 78% of retail investor accounts lose money when trading CFDs with this provider.

2. AvaTrade – 20% Deposit Match Bonus for New Traders

AvaTrade is a top ASIC forex broker that offers trading on 55 major and minor currency pairs. This forex broker stands out for offering vanilla forex options, which give traders far more ways to build hedging strategies compared to forex CFDs. In addition to offering popular trading platforms like MetaTrader 4, MetaTrader 5, and ZuluTrade, AvaTrade also has its own custom trading platform specifically dedicated to forex options.

For a limited time, new traders at AvaTrade can take advantage of a 20% deposit match bonus. The bonus is only available on traders’ first deposit and the minimum deposit required is $200.

So, if a trader makes the minimum $200 deposit, they’ll receive $40. If they deposit $1,000, they’ll receive $200. There’s no limit on the maximum bonus a trader can claim during this promotion, but the bonus can only be claimed once. The offer runs until September 30, 2022.

It’s worth noting that AvaTrade also offers an ongoing referral bonus that traders can earn an unlimited number of times. To qualify for the referral bonus, a referee must open an account, deposit at least $500, and make at least 10 trades. The size of the bonus varies from $50 to $250 based on the size of the referee’s first deposit.

Your capital is at risk. 71% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.

3. Webull – Earn up to 12 Free Stocks Worth up to $3,000

Webull is one of the best stock brokers that also offers trading on forex and crypto. The platform offers one of the most user-friendly trading platforms we’ve seen along with mobile forex trading apps.

Webull’s bonus isn’t targeted directly at forex traders, but it can work well for them nonetheless. Between now and September 30, traders who sign up for Webull earn 2 free fractional stock shares valued at up to $300. Which shares a trader receives is random, with a much higher probability of receiving stock shares worth between $3 and $100.

Traders who then make a deposit of any amount after opening their account can earn 4-10 additional free fractional shares valued at up to $3,000. Again, fractional shares are distributed randomly and traders are more likely to earn fractional shares valued under $100.

Bonus shares reach traders’ accounts within 10 days and can be sold immediately for cash. That cash can then be used for forex trading on Webull with no restrictions. So, Webull’s bonus takes a little more work than a typical forex bonus, but it works out to be a pretty nice deal for forex traders.

Your capital is at risk.

4. XTB – Earn a 50% Deposit Welcome Bonus

XTB is a popular online forex broker that boasts trading on dozens of forex markets and more than 2,100 global markets in total. The broker stands out for offering the xStation 5 trading platform in lieu of MetaTrader, which may appeal to traders who find MT4 brokers a little intimidating.

XTB offers a generous welcome bonus for new traders that matches the initial deposit with 50% bonus cash. Importantly, the bonus is only available to non-UK and non-EU traders and traders must email XTB’s customer support before opening an account in order to request the bonus. It’s not available for traders who simply sign up using XTB’s standard registration process.

To qualify for the bonus, traders must deposit at least $100 and trade at least 15% of their initial deposit amount in forex volume within 60 days of account opening.

The XTB bonus doesn’t expire and the bonus cash is released to traders’ accounts as soon as the above trading conditions are fulfilled.

Your capital is at risk. 81% of retail investor accounts lose money when trading CFDs with this provider.

5. IG – Get $100 with a $500 Initial Deposit

IG is a world-renowned forex broker with trading on more than 80 forex pairs and a huge range of tools for forex trading tools. The broker offers multiple trading platforms, including MetaTrader 5 and its own highly customizable ProRealTime platform.

IG’s forex bonus offer is relatively simple: when traders make an initial deposit of $500 or more and make at least 1 trade within 30 days of opening a new account, they’ll receive $100. There are very few strings attached.

The only catch to this bonus for forex trading is that in order to claim it, traders need to receive an email inviting them to claim the bonus. Traders will not qualify for the bonus if they just sign up through IG’s website without a promotional offer in hand. For new traders who don’t receive an email but want to trade with IG, it may be helpful to contact the broker’s sales team.

6. XM – $30 No Deposit Bonus in Forex

XM offers one of the best forex no deposit bonuses in 2023. New traders can claim $30 to start trading forex just for creating a new account with XM.

Traders can use their $30 to trade forex with XM immediately upon signing up. They can also withdraw the bonus and any profits after making at least 5 round-trip trades with a total trading volume of at least 0.1 lots. Those are pretty straightforward conditions for most traders to reach, especially when considering that XM offers leverage up to 1,000:1 for major forex pairs.

One thing to keep in mind is that if traders withdraw some of their profits, but not all, XM will remove a proportional amount of the remaining bonus funds. So, for example, if a trader has $500 in their account after meeting the bonus trading requirements and they withdraw $250 (50% of $500), XM will remove the remaining $250 (50% of $500) from their account. So, it generally makes sense to fully withdraw bonus funds from XM.

XM also offers a referral bonus of $25-$35 per person a trader refers. Referees must open an XM account and trade 3 standard lots for the bonus to be activated.

7. FBS – Unlimited 100% Deposit Bonus for New Traders

FBS is a multi-faceted forex broker that offers straight-through processing accounts, ECN trading accounts, copy trading, and more. It also offers MetaTrader 4 and 5 along with its own forex trading apps.

This ECN broker is offering new traders an opportunity to double their first deposit with no limits. This is an attractive offer for forex traders who are looking to migrate a large account or want to jump into the market with a large amount of capital on hand.

To claim the bonus funds, traders must keep their accounts open for at least 30 days and trade at least 5 standard lots of forex volume. For trades to count towards this volume, the difference between the opening and closing price must be at least 100 pips. Traders must also maintain an account balance that is greater than the bonus amount being claimed.

There are no time limits on when traders must meet these conditions and the FBS deposit match bonus offer does not expire.

8. JustForex – $30 No Deposit Forex Bonus

JustForex offers an attractive $30 no deposit forex bonus. Traders simply need to sign up for a new JustForex account and they can start using the $30 bonus to trade right away. JustForex is a high leverage broker with margin up to 3,000:1, so that $30 bonus is enough to take forex positions worth $90,000.

In order to withdraw the bonus and any profits made from it, traders must trade at least 5 standard lots within 30 days of account opening. The profit or loss on each transaction must be at least 6 pips in order for them to count towards the required trading volume. Expert advisors are not allowed and traders cannot have more than 5 positions open simultaneously when trading with the bonus funds.

Importantly, traders also need to make a deposit of at least $100 to a JustForex trading account before they can withdraw the bonus funds or profits. This deposit is not required to use the bonus funds to trade, but is required to withdraw them.

JustForex’s no deposit forex bonus offer does not expire.

9. SuperForex – $88 No Deposit Forex Bonus

SuperForex offers one of the largest no deposit bonuses in forex we’ve seen. New traders can claim $88 in cash to trade with just by signing up for a new SuperForex account. Even better, if traders make a $10 deposit to their account, they’ll receive an additional $99 bonus. That’s a total of $187 with just a $10 deposit.

The rules around withdrawing the SuperForex bonus are fairly simple, too. Every 1 standard lot of forex volume traded is worth $1 of bonus that can be withdrawn. So, if a trader buys and sells 50 lots of forex, they can withdraw $50 of the bonus.

SuperForex also offers a deposit bonus of 50% on every deposit a trader makes. There are no requirements around trading volume to claim this bonus. Rather, it’s applied towards margin costs when trading with SuperForex. There’s no time limit on when the bonus funds must be used by.

This forex broker also offers a referral bonus, which is worth up to $375 per referee up to a total of $1,125. The size of the referral bonus is equal to 50% of the initial deposit that a referee makes to SuperForex.

Best Forex Bonus Deals Compared

Want to compare the best forex bonus offers side-by-side? The table below shows the bonuses available for forex traders in 2023:

What is a Forex Bonus?

A forex bonus is a cash bonus that some of the best forex brokers offer in order to attract or retain traders. Typically, forex bonuses reward traders with money for signing up for an account, making a deposit, trading a certain volume of forex, or referring a friend to the brokerage.

Cash from a forex bonus can usually be traded in the same way as any other cash in a brokerage account. However, some brokerages put limits on how much leverage can be used with bonus funds or how many simultaneous positions can be opened. Importantly, there are often requirements around trading volume that must be met before bonus funds – or profits generated using bonus funds – can be withdrawn from a trader’s account.

How do Forex Bonuses Work?

Forex bonuses can work in several different ways.

The most common type of forex bonus is a deposit bonus. This type of bonus offers traders cash in exchange for making a deposit to their account. Often, the size of the bonus is directly related to the size of the trader’s deposit. For example, AvaTrade offers a 20% deposit match bonus, so traders earn a larger bonus the more they deposit.

Deposit bonus offers may be available only for a trader’s first deposit to their account or for every deposit they make to their account.

There are also forex bonuses with no deposit. These bonuses are given to traders simply for creating an account. No deposit forex bonuses may require a deposit before the bonus funds can be withdrawn.

No Deposit Forex Bonuses

No deposit forex bonus offers give traders cash to trade with when they create a new brokerage account. There’s no deposit required to claim the bonus cash, so traders can start buying and selling forex immediately with no risk to their own funds. No deposit bonus offers are a good option for traders who are new to forex trading or want to test out a new forex broker with zero risk.

There are several forex brokers currently offering a forex bonus with no deposit. XM and JustForex each offer traders $30, while SuperForex offers $88 for new traders who create a trading account.

Key Terms & Conditions of Forex Trading Bonuses

When using a forex trading bonus, it’s important to be aware of the bonus terms and conditions. Bonuses often require close attention to detail. Traders could potentially lose their bonus if they miss out on qualifications.

First, traders should check the minimum deposit requirements for a bonus. Some bonus offers require traders to open a certain account type or to use a specific payment method.

Next, traders need to consider the bonus trading rules. The bonus may have limitations around how much leverage can be used, what assets it can be used to trade, or how many trades can be open at one time.

Most forex bonus offers require traders to meet trading volume requirements before the bonus funds or profits can be withdrawn. Check what these volume requirements are and whether they must be met within a specific period of time, such as 30 or 60 days. Also be sure to check what trades qualify – some brokers require that trades move a minimum number of pips to prevent traders from rapidly opening and closing trades just to meet bonus volume requirements.

How to Claim a Forex Bonus

Ready to start trading forex with the best bonus for forex in 2023? We’ll walk traders through the steps to start trading with eToro and claim a $250 bonus.

Step 1: Sign Up for eToro

Head to eToro’s website and click Start Investing to create a new account. Enter a username and password, then fill in details including name, birthdate, address, and phone number. eToro may also require new users to verify their identity with a driver’s license or passport.

Step 2: Make a Deposit

To qualify for eToro’s $250 forex bonus, traders must make a deposit of at least $5,000 in USD. Traders can use any of eToro’s available deposit methods, including bank transfer, credit card, debit card, Neteller, Skrill, or PayPal. Funds deposited to eToro will be available for trading immediately.

Step 3: Claim the Bonus

eToro will automatically register the qualifying deposit and transfer the $250 bonus to a trader’s account. The bonus funds should arrive within 30 days of the qualifying deposit and can be used for trading or withdrawn immediately with no restrictions.

Conclusion

The best forex bonus offers provide an extra incentive for traders when choosing a forex brokerage. eToro and AvaTrade offer 2 of the best forex bonuses available today. Trades can earn $250 with a $5,000 deposit at eToro or claim a 20% deposit match bonus at AvaTrade.

Check out eToro today to claim the $250 forex bonus and start trading forex today.

Your capital is at risk. 78% of retail investor accounts lose money when trading CFDs with this provider.

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