Here are my favorite forex No Deposit Bonuses for 2020. I've signed up to a bunch of different forex trading platforms, and these were the ones that actually worked and didn't cause me any hassle.
So if you're looking to start trading forex in 2020, make sure you use one of these bonuses before you sign up so you get a little extra cash.
XM – Get $30 Free
On XM you can get $30 free without needing to Deposit. XM is one of my top forex platforms. They have been around for ages and have developed a great reputation. They use the MT4 and MT5 trading platforms. This means you can trade on your mobile, desktop and through a browser. The big advantage that XM has over other platforms are the really tight spreads. They also don't charge any fees on withdrawals.
Here's how to get it:
- Sign up to XM here
- Make sure you sign up for a “real” trading account. This won't be credited to a demo account.
- You can withdraw any of the profits you make. But you won't be able to withdraw the $30 bonus.
FBS – Get $100 Free
FBS is a popular broker that offers forex, commodities and stock trading.
- Sign up to FBS here
- You will be able to claim the bonus in your account
- You can withdraw up to $100 profits
Why these platforms?
In putting together this post I tried a number of different platforms. On some of them the bonuses had very weird terms. Other platforms looked like they were fly-by-night operations and wouldn't last long. These are the only two platforms I trust and have traded on before. And I've managed to successfully redeem the bonuses. While some bonuses can look very tempting – I recommend only signing up to trusted platforms with good reputations.
Why use a No Deposit Bonus?
It's free money! Especially if you're a good trader. But seriously, I think its a great way to learn about trading without needing to risk any of your own money. If you're new to trading, it's better to lose bonus money then your own. And I believe the best way to learn how to trade, is to actually make trades!
Here are some of the top deposit bonuses on offer. With these bonuses, you'll get bonus trading money when you make a deposit.