You can trade forex for free if you lucky enough to know where to look as many brokers are offering a no deposit bonus for you to try their services out.
In this post, I go through some of my favourite brokers that you can start trading with without depositing any money yourself.
There are strict terms and conditions associated with these accounts. however
You can’t simply withdraw this money, but in some cases you can withdraw the profits you make from trading these tiny accounts.
You probably won’t make lots of money from these free bonuses but it does offer certain benefits.
Firstly, if you’re new to trading and simply want to have the experience of a live account, there isn’t a better way to do so with real money.
Secondly, if you’ve already used a brokers demo account and want to see what trading conditions are like on a live server, these accounts are ideal.
Trade for free with Markets.com
Yes, brokers are going crazy these days offering awards and Markets.com are no different also offering a R250 for you to try their services without making a deposit.
You can try out their service for free following this link and see if their platform is the right one for you.
Click here to find out how to trade for free.
The bonus is paid once to your first trading account. You cannot withdraw the bonus, but you can withdraw any profit after trading a minimum of 2 lots, this is a lot to trade with just $10 though. Click here to open an account.
Tickmill’s $30 Welcome Account
Experience one of the best trading environments in the industry risk-free with Tickmill’s $30 Welcome Account
This promotion is available to all new clients. There’s no need to deposit funds, so there’s no risk of losing money and any profits earned can be withdrawn. The terms and conditions can be found at the bottom of this page, the highlights of which are:
- The Welcome Account has identical trading conditions to the live Pro account type.
- A minimum of 30 USD and a maximum of 100 USD of profit can be transferred from the Welcome Account to a live MT4 trading account (Classic, Pro or VIP account type).
- Open a live MT4 trading account inside the Client Area and deposit a minimum of $100 (or equivalent in other currencies);
So its similar to the terms of the InstaForex no deposit bonus, in that you have to make a deposit of at least $100 before you can get access to the profits of this account, but at least you have a little bit of money to practice your trading strategy and good luck to you if you make money from it.
Trade for Free with XM
XM is offering a R347, no deposit bonus to try out their services. Many brokers are now offering this risk free way to give you a taste of their services.
You probably won’t get rich from this free account, you’ll need a decent size account of at least $500 if you want to start making some real money but if you haven’t ever traded before or you want to see what their service is like, sign up with XM.
Its also a great way to try out their live server for free, which is normally different to a demo account server, before you decide to commit. They do have some interesting loyalty bonuses that sound like something to investigate.
I haven’t yet, but if you trade with them and take advantage of these, please let me know about how they work.
InstaForex Offers A No Deposit Bonus worth $1,000
Third Time Lucky and Instaforex, Asia’s favourite broker also offers a no deposit bonus, terms and conditions apply, so I would only recommend it to the absolutely desperate to start trading forex with none of your own capital.
Open a trading account and receive the most attractive bonus on Forex, No Deposit Bonus up to $1000 by InstaForex!
Otherwise you’d be better off either taking their 250% bonus when you deposit some real money or give some love to Liverpool, the Premier League team I follow.
Test Drive Welcome Bonus is available to all new clients of JustForex and also for those who still haven’t received any previous welcome bonuses of the company.
Trading with this bonus doesn’t require any deposits. Trade profitably and withdraw all funds earned using bonus funds. Click here to start now
Read these terms and conditions.