Forex no deposit bonus in nigeria
Usually, there are some common rules (which you must know) set by all the no deposit bonus forex brokers: usually you may be unable to start because of limited funds, or you may want to test out your strategy on live before trading with actual money.
My list of forex bonuses
Best no deposit bonus forex brokers 2021
Forex trading can offer opportunity to make good income if you have enough trading experience. But there is an obligation to deposit funds in your trading account with the broker, before you can start trading live.
But this is not the case with no deposit bonus offered by brokers!
Usually you may be unable to start because of limited funds, or you may want to test out your strategy on live before trading with actual money. The no deposit bonus can help in this case.
The no deposit bonus is a promotion by forex brokers where they offer free starting capital into the forex trader’s account, without any initial deposit.
But you still must be cautious in choosing a broker that offers no deposit bonus or any similar promos. We have done the research on the brokers that are currently offering bonus to traders from nigeria.
Best no deposit bonus forex brokers in nigeria in 2021
There are a few forex brokers that offer sign up bonus without any deposit.
5 best no deposit bonus forex brokers
We looked into all the brokers that offer no deposit bonus to nigerian traders, and then we hand-picked the few popular ones.
Let’s start by comparing the bonus & the terms to avail the bonus for 4 brokers in our list!
1) $30 bonus by XM:
Overall rating 9/10
XM is in our recommended forex broker list
Globally acclaimed XM is a broker regulated by cysec, FCA, IFSC, ASIC among others. It’s a global trading platform that offers a US $30 no deposit bonus to first-time clients who open a real trading account.
How to avail $30 XM forex bonus:
1) open trading account: to avail this bonus, traders must open a real trading account with XM. You can easily open it from here.
2) verify account: log in to the member’s area to validate the credentials sent via email. Then, traders must provide documentation for identification and account validation. SMS phone verification must then be carried out.
3) credit bonus: following this, the bonus is credited to the live account, ready for trading. The bonus is only available till you lose it or withdraw profits from the account.Post email and SMS confirmation, the user can confirm the transaction and log into the system.
An MT4 ID is assigned as a username while logging into the platform.
Bonus terms and conditions at XM forex
- Bonuses cannot be withdrawn.
- The bonus account can only be opened by new XM clients.
- Profits generated can be proportionally withdrawn as per provisions of XM any time.
- Bonuses cannot be activated for more than a single XM trading account.
- If the trading account is not active, the bonus is removed.
- Trading bonuses are not available for EU and UK clients, as the CYSEC and FCA regulated broker cannot offer this for traders from these countries. Clients registered under trading point of financial instruments UK limited and trading point of financial instruments limited cannot avail this bonus offer, therefore. Additionally, the bonus can be availed only once per IP address or household.
- The bonus is available within a 30 day period of signing up with XM only.
- XM permits trading activities of all kinds except arbitrage.
2) $100 bonus by FBS:
Not listed in our best forex brokers list
FBS is a cysec and IFSC regulated broker that offers the highest bonus. It is currently running multiple bonus offers, each with different amounts and rules. One of their most popular no deposit bonus offers is the trade 100 bonus, where you can get $100 of free funding.
How to avail $100 bonus at FBS?
To get the US $100 bonus, take the following steps:
1) register: the first step is to register and open a bonus account.
2) verify your account & get credited: you need to verify your account with FBS. Once your account is verified, your account will be credited automatically with the bonus fund.
3) start trading: you must use the MT5 account for placing trades for 30 days. And you must fulfil the conditions set by FBS before you can withdraw any profits made with the bonus.
Bonus terms at FBS:
- You cannot withdraw the bonus, but you can withdraw the profits that you make, once the conditions are met.
- Maximum leverage that you can use during trading with the bonus is 1: 500.
- Further, the bonus can only be claimed once by new traders only.
- Profit generated from trading with the bonus funds can only be withdrawn after 5 lots are traded, and $100 in profits or more are reached.
- Bonus is cancelled once the first withdrawal is made.
3) $500 bonus by instaforex
Not listed in our best forex brokers list
Instaforex is another broker that offers no deposit bonus. Their promotional bonus is called the start up. They don’t require any verification to avail the bonus, but you have to make an initial deposit before you can withdraw the profits.
Note: instaforex is not in our recommended forex broker list for 2019, hence we don’t recommend them. If you are choosing to avail their no deposit bonus, please do so at your own risk.
How to avail $500 bonus at instaforex?
1) open a trading account: to avail the benefit of signup bonus you need to open a trading account at instaforex.
2) verify account & get bonus: the bonus can then be claimed after verifying your account.
Bonus terms at instaforex:
- The new deposit bonus is available to new clients only.
- You don’t have to offer documents for account verification to receive the startup bonus.
- You can only withdraw the profit only once you deposit funds to your account. You have to deposit $50 to withdraw the bonus.
- The bonus profits available for withdrawal cannot exceed US $50.
- The bonus does not extend to instaforex cent accounts.
4) $10 bonus by fxopen
Not listed in our best forex brokers list
Fxopen is a regulated forex broker. They have been offering $10 signup bonus with theit STP account for some time now & it is available to nigerian traders as well.
How to get the $10 bonus at fxopen
1) open the STP account: the first step is to open the STP account at fxopen.
2) verify your account: the next step is to verify the account via SMS.
3) get bonus: following this, the bonus is automatically credited to the STP account. For availing this bonus, you must register an fxopen ewallet.
The bonus will be automatically added to the first STP account new traders open.
Fxopen bonus terms:
- Fxopen offers the US $10 no deposit bonus for STP forex trading accounts.
- While the bonus is received for free without any deposits, the conditions of the promotion must be met.
- $10 bonus amount is only for STP account holders to trade. It cannot be withdrawn.
- The maximum leverage allowed is 1:500. The bonus is credited directly to the trading account.
Common rules by no deposit bonus brokers
First you must understand that the bonus is for trading purposes only. It should be used as a way to practice in the live trading environment, and you should not see it as free cash.
Usually, there are some common rules (which you must know) set by all the no deposit bonus forex brokers:
1. You cannot withdraw the bonus but you can withdraw the profits you make while trading with that bonus.
2. You must trade a minimum number of lots for the required period until the broker’s terms are met.
3. You cannot claim the bonus in multiple trading accounts.
4. There may be other terms set by the broker, and you should check it out first before choosing any no deposit bonus broker.
How to choose a no deposit bonus forex broker?
We have prepared this list on few important points that you must consider before claiming bonus with any broker.
When it comes to no deposit bonuses, you need to consider the following factors:
1. Read the terms carefully (don’t just skim them)
Just because you not depositing any money to trade, doesn’t mean that you should choose any broker that offers bonus. Some brokers will lure you with extravagant bonus offers, but their withdrawal terms are very shady & bad, often requiring you to make deposits before you can withdraw any profits made with the bonus.
For example: instaforex requires you to make a deposit before you can withdraw any profits made with the bonus. This is not a favorable term. Even XM requires certain level of trading activity in terms of volume traded before you can withdraw any profits made via trading the bonus.
So make sure to read the terms carefully before choosing any broker for no deposit bonus. If there is something you are unsure about, don’t be shy to contact the broker’s support.
2. Always check the broker’s regulations
Unregulated brokers don’t have any obligation to commit to terms set by regulatory bodies, and often use no deposit bonus as a way to attract new traders and get them to deposit actual money.
Check if the broker has been approved, certified and regulated by the right authority like FCA (UK), cysec (cyprus), ASIC (australia) or FSCA (south africa).
Without regulation, you cannot back up the legality of the broker or file any complaint against them in case of any bad practice by the broker.
Note: if you are looking for highly regulated & trusted brokers to start trading forex with low deposit, then you can check our list of best forex brokers in nigeria.
Don’t fall for big bonus amount, rather go for trusted platforms that have proven history of reputation over the years, among existing traders.
3. Read the reviews (both good & bad)
Most regulated forex brokers that offer good services in general are likely to offer transparent bonus offers as well. So if a good regulated forex broker is offering a bonus, then it is a no-brainer to go for it.
You should carefully read the reviews of other traders, and also talk to other traders if they have any experience with the broker that you are about to choose, before you choose any broker that offers no deposit bonus.
For example: XM forex is a reputed forex broker & it is also the #5 forex broker in nigeria as per our XM forex reviews by our experts & users. So the no deposit bonus by them is a perfect opportunity to start.
Check out the reviews, website and online reputation of the broker before trusting them, even in case of no deposit bonus. It is your time at stake.
4. Make informed decision (not just choose a broker with bonus)
Don’t be tempted by big bonuses, as some brokers that offer deposit bonuses may not be trustworthy or might be unregulated. In such a case, you risk wasting your time & effort.
Instead, base your decision on the broker’s reputation, and choose a broker that is regulated with multiple top-tier regulators & offers the right trading platforms and services. If a regulated broker is offering a deposit bonus, then you can trust it.
In every case, read the terms and conditions and be clear about the offers and promotions. You must remember that the no deposit bonus offered by brokers should only be used to gain trading experience & not some way to earn without spending.
Be consistent about your trading style, don’t be drawn in by large bonuses, and in the end carefully evaluate bonus terms and the broker.
Forex no deposit bonus in nigeria
Those of you that have always contacted me that you have interest in forex but no start-up capital, this is a great opportunity for you while promo last as the promotion will be ending very soon.
I would have just posted the link here to avoid the rush and stress on whatsup but I will be banned by the admin of this forum, those of you that wants to take advantage of this promotion should send me a message on whatsup, just send "$50 bonus" and I would drop the link for you.
The conditions to get the bonus:
1) phone verification
2) email verification
3) identity verification ( i talked to them about accepting voters card and they have just agreed, so do send them either a clear voters card for identity verification, drivers license or international passport)
Special offer for a peculiar set of people. Those of you that don't have much time to do proper analysis, because I want you to succeed, am going to charge you just # 500 weekly for 4 weeks to give you 90% accurate forex signals so that you can grow the bonus amount and make withdrawals from the account.
I was credited with the $50 after 48 hours of sending my identity document to them for verification. Profits are fully withdrawable without making any deposits whatsoever. I have taken a screen shot and attached it here to motivate you.
Also, please do remember to come back here and give your testimonies as you as you receive the bonus, I want everyone to take advantage of this great opportunity while it lasts.
If you're not on whatsapp, you can send "$50 bonus" to me by email and I would reply with the link, will not be honouring any email dropped here.
Fellow nigerians, there's money out there for all what's lacking is the faith to get because many have negatively programmed themselves not to believe money can be made easily.
Not many have the slightest ideas of what's out there.
For many fear has limited them from moving forward.
Every successful businessman once took a risk that changed his entrepreneurial story. My story too.
No gimmicks, contact me if you have 50K, 100K, 500K and above to invest hurry to contact me now!
You will have access to monitor your investment and watch your money grow. Full transparency.
But I must be paid for my services from the profit I help you make monthly which can exceed 50% of your investment capital.
If I'm to be paid from profit made it means I must work hard to succeed just that simple.
After a month or two you can be rest assured to get your initial capital back and continue with your available profit.
No risk attached.
I will show a simple proof and that's enough otherwise I can't help you.
When you talk too much nigerians call you scammer yet many are wallowing in deep ignorance while the few wise ones make a living.
No doubter should contact me.
Note: don't post your phone or E-mail here please. Keep your details private.
Contact me only when you have such capital at hand to invest.
If you are in lagos you can arrange a meet. Fine by me.
Business calls only.
+234*8*1*4*1*1*9*5*9*9*9
Those of you that are new to trading, visit
To learn the basics of forex which will include how to place buy and sell orders. There you can find hands on forex education.
This post is just for $50 bonus, if you want to learn forex trading from me, its a different thing which attracts a fee, I don't teach for free.
I just found a way to add this here and still not get bannned, $50 no deposit bonus link: copy the link as it is and only remove the space in between them.
Https : // fbs . Com/promo /bonus50?Ppu=3861642
Everyone can take advantage now.
Feel free to share the link with friends, family and well wishers.
I just bought EUR and sold AUD. I went long on EURAUD. I have attached a screen shot for clearer understanding of why I went long on that pair.
If you are interested you can subscribe for my signals or you can keep on with your analysis, as long as you are making profits, which is the most important thing.
Forex is really not very easy to succeed in, unless you have a good mentor or you gather the experience yourself, I just wish everyone trading forex success because we all deserve it.
I closed this trade at break even point
Please send me the email
Dforexguru:
I just bought EUR and sold AUD. I went long on EURAUD. I have attached a screen shot for clearer understanding of why I went long on that pair.
If you are interested you can subscribe for my signals or you can keep on with your analysis, as long as you are making profits, which is the most important thing.
Forex is really not very easy to succeed in, unless you have a good mentor or you gather the experience yourself, I just wish everyone trading forex success because we all deserve it.
I closed this trade at break even point
How to subscribe to the signal?
If you want to know which platform is best to use to trade crypto, I will recommend you use binance https://www.Binance.Com/?Ref=12607231
Registration is free and it is open to nigerians.
I am also part of a group that teaches the fundamentals of trading. So if you are interested in getting one or two videos, just let me know on whatsapp +2348186540455
Hotforex review 2021
Hotforex is one of the best forex broker in nigeria right now. They have really low spread, are well regulated with multiple regulators including FCA & FSCA, have very good support, local funding/withdrawal options, plus mobile trading is also available with them. Read our full hotforex review to find why you should trade with them (and reasons not to)!
Hotforex is a forex & CFD broker that was founded in 2010 & is quite popular in nigeria. Hotforex has local offices & phone number for support in nigeria. They have served more than 2.5 million live trading accounts around the world.
Hotforex is a well regulated broker (regulated by top-tier regulators FCA, cysec, FSCA), so we consider it very safe to deposit funds & trade with them for traders in nigeria. They serve both retail as well as institutional clients, offering more than 1000+ asset choices including forex trading, and cfds on commodities, energies, metals, popular stocks, and indices.
In our comprehensive hotforex review we look into this broker’s account types, their trading fees, platform, ease of deposit & withdrawals, customer support, their bonus offerings & lot more.
- Hotforex is regulated with top regulators i.E. FCA (UK), FSCA (south africa) & CYSEC (cyprus). This means trading with them is very safe.
- Their spread is very low compared to most other reputed brokers. Typically it is 1.2 pips for EUR/USD with micro & premium accounts, and 0.3 pips with zero account.
- Availability of hotforex naira accounts & local deposit/withdrawal methods. They also offer quick withdrawals.
- Unbeatable 100% deposit bonus for new customers, but you need to make a minimum deposit of ₦30,000 to avail this bonus.
- Very good customer support available via phone, live chat & emails. It is available 24/5.
- Hotforex offers MT4 & MT5 trading platforms for all 3 devices
- $7 commission per lot with hotforex’s zero spread is higher than other similar ECN account brokers.
Hotforex – a quick look
| broker name | hotforex nigeria |
| year founded | 2010 |
| hotforex website | www.Hotforex.Com |
| address | HF markets (SV) ltd., suite 305, griffith corporate centre, P.O. Box 1510, beachmont, kingstown, st. Vincent and the grenadines |
| hotforex minimum deposit | $5 |
| maximum leverage | 1:1000 |
| regulation | SV (st. Vincent & the grenadine), FCA (UK), DFSA (dubai), FSCA (south africa), FSA (seychelles) |
| trading instruments | forex, crypto currencies, metals, indices, shares, energies, commodities, bonds |
| trading platforms | hotforex MT4 and MT5 for PC, mac, web, android |
| hotforex bonus | 100% deposit bonus for new clients |
Regulation & safety of funds
Hotforex is regulated and licensed with top-tier regulatory authorities in united kingdom, cyprus, south africa, st. Vincent & the grenadine and seychelles.
They are regulated with following regulators:
FCA (financial conduct authority (united kingdom)): HF markets (UK) ltd is regulated in UK with FCA (which is a tier 1 regulator) since 14/11/2018 with licence number 801701.
The company has acquired a license for commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, cfds and leveraged financial instruments.
Customer funds that are invested on the website are secured, as the company is regulated by trusted market regulators. Moreover, hotforex also provides insurance cover in case of any security incidents in terms of client funds.
All these features make hotforex’s trading platform a safe and secure one. As per our research, the safety and security features offered by hotforex are among the best in the business.
Hotforex’s fees
While looking into the spread isn’t everything, it is also really important to research if the broker charges any hidden fees. Some brokers charge extra hidden fees in the name of funds processing charges, annual fees etc. And we like to break this down as well.
During our research, we found hotforex has the lowest fees on forex trading of all the regulated brokers in the market.
Here’s a breakdown of the fees at hotforex
Very tight spread: out of all the forex brokers that we have compared so far, hotforex has the lowest spread for majors i.E. EUR/USD (1.2 pips even with micro account, premium account & as low as 0.1 pips with zero account) during normal market trading conditions. If you are looking for a low fees broker, then hotforex is right at the top.
We have found that hotforex offers the lowest spread out of all the regulated forex brokers operating in nigeria. We highly recommend them to nigerian traders in terms of their overall fees.
Hotforex account types
Hotforex offers a wide range of account types to its customers. There are six major accounts offered by the company: micro, premium, zero, auto, PAMM, and hfcopy.
The minimum deposit at hotforex is $5 for traders based in nigeria. It is around NGN 2000 for naira accounts.
Here are the features with all the account types at hotforex:
1. Naira accounts: nigerian traders can open naira accounts with hotforex, by choosing NGN as your base currency. You can also choose USD or EUR as your base currency besides nigerian nairas.
2. Market execution: hotforex is a 100% STP broker, so all the orders are processed directly in the live market with no interference or manipulation by the broker for any order, without any re-quotes. But on the downside there may be slippage, but we found it to be is very rare with hotforex.
We have found their execution to be really fast, but some other brokers like XM offer instant exeution.
3) negative balance protection: hotforex offers negative balance protection. In event of very high volatility in the markets, your account balance may go into negative (if you are not using stop loss). If your account balance goes into negative, hotforex will adjust it to zero so that you don’t have to bear the extra loss!
Here’s an overview of all the live account types that are available at hotforex:
- Micro account (₦1800 deposit): this account has a very low minimum deposit of $5 (₦1800), max. Leverage of 1:1000, access to all trading instruments (forex, cryptocurrencies, shares, commodities). You can trader micro lots with this account, the margin call level is 40% & the stop loss level is 10%. This is a zero commission account & the only fees is the variable spread per trade.
- Premium account (recommended with ₦35000 deposit): this account has a very low minimum deposit of $100 (₦35000). The spread for both majors & other currency pairs is low with premium account (typical spread of 1.2 pips for EUR/USD) when compared with micro account, but the max. Leverage is also lower at 1:500. And you can even avail the 100% deposit bonus with this account.
- Zero account (recommended for very low spread): the deposit needed for this account is $200 & the max. Leverage that you can get is 1:500. But the major benefit with this account is that you can place trades with almost zero spread on major/minor pairs. The only fees with this account is the volume based commission per lot, and total fees per trade with this account is much lower. We recommend this account for scalpers & high-volume traders who place many traders daily.
- Auto account: this account is for traders who are using expert advisers (eas) in their metatrader or signals from MQL5 community. The minimum deposit for this account is $200 (₦70,000) & leverage is 1:500
- PAMM account: this account is mainly for investors looking invest their money (without actually trading yourself) in PAMM fund managers with hotforex. With this account you can invest in forex without trading yourself, instead you will be investing in a fund manager’s portfolio. But this involves substantial risk as someone else will be trading instead of you.
Overall, we have found hotforex’s account types to be very good with features like naira account & negative balance protection. They trade execution is also really fast. For new nigerian traders, we recommend to start premium account as you will get really low spread with it & can even get welcome bonus.
How to open naira account with hotforex?
Hotforex accepts nigerian customers & you can open naira accounts. Opening an account with them is standard & straightforward like any other broker. We signed up for their premium account (low spread & good execution).
You will have to go through the following steps:
Step 1) compare all the live account types & then choose the account that you want to start trading with. We recommend you to open premium account type at hotforex.
After selecting your account, click open account which will take you to the sign up page. You will be asked to “choose your base currency” (you can select from USD, EUR or NGN). Then you will need to fill your basic personal information i.E. Your full name, email, country of residence & birth date.
Step 2) confirm your email: once you have registered your account, your will receive an activation email. Click on the “activate now” link in that email. This will complete your basic registration.
Step 3) fill up the KYC questions: to fully activate your account with hotforex, you need to login to your customer panel & there you need to fill a form with some basic KYC questions.
Step 4) upload your ID & address proof for verification: after filling the form, upload your ID proof & your address proof documents. For your ID you can upload a scanned copy of your passport, or your driver’s license or any other national ID). For proof you address you can submit a recent (not older than 6 months) scanned copy of bank statement or any utility bill.
That’s it. Once you have submitted these documents, hotforex will verify your account within 24-48 business hours. After your account is verified your account, only then you can make your first deposit to start trading.
Hotforex metatrader platform
Hotforex broker has a very easy to use metatrader 4 & MT5 trading platforms, which we consider to be a pro. Hotforex have web trading, desktop terminal as well as mobile trading available.
Traders who prefer to trade with mobile can access their mobile app (iphone and android). Plus, hotforex has multi-device MT4 & MT5 platforms, which comes with charting tools for easy technical analysis.
But in general, we don’t put too much emphasis on trading platforms, given the fast that almost all the regulated brokers out there have metatrader web & mobile platforms available. We find it very easy to trade on metatrader platforms at hotforex.
Hotforex’s deposits & withdrawals
Hotforex offers a range of different options in terms of deposit and withdrawal methods. The good thing about their funding/wwithdrawal methods is that hotforex charges no fees on deposits & withdrawals. Let’s look deeper into it.
Deposit methods:
First, let us analyse the deposit methods. Hotforex normally credit the deposited amount in your trading account very fast without any delays.
- Nigerian bank transfer (upto 48 hours): we like the fact that hotforex has local bank deposit options in nigeria. But you will have to chat with their live chat support if you want to select this option. And the funds are credited within 1-2 working days.
- Nigerian credit/debit cards (recommended as it is almost instant): you can add funds in your hotforex account via your debit/credit cards as well. Currently they accept deposits via a range of credit cards including mastercard, visa cards & even verve cards. The minimum deposit for each of these cards is $5. The max. Transaction limit for visa cards is $10,000 & it is $7500 for mastercards. Most of these credit card deposits are processed within 10 minutes.
- Wallets/bitcoin (instant): if you don’t have a working card, then this option is recommended for you. Hotforex accepts deposits using cryptocurrencies such as bitcoin, bitcoin cash or through wallets i.E. Neteller, skrill, and webmoney, among others. Most of these transactions are processed instantly. The with a minimum deposit limit for wallets & bitcoin of $5. There is no fee charged on deposits with this method.
Withdrawal methods:
Now coming to the withdrawal methods, hotforex offers a range of options to its customers. You should note that you can only request the withdrawal to your source funding method.
The withdrawals at hotforex are a bit slow but we have found no complaints in this regard from any users. The following are the withdrawal options available for nigerian traders.
- Bank withdrawal (recommended): with hotforex you can request withdrawal of your money via local bank transfers. The minimum amount that you can request is $100. All bank transfer withdrawals are processed in 1-3 working days. Hotforex does not charge any fees for this method, but we advise you to talk with their chat if there will be any fees from your bank’s side.
- Credit/debit card: withdrawals can also be made to your credit/debit cards that you used for funding. The minimum amount that you can withdraw is $5, and the processing time is 5-7 days. You can only choose this method if your funding source was your card, as the money can be credited to the same card only. Moreover, the company cannot send more funds back to the client’s credit card than initially deposited; so any additional amount will be withdrawal with the other alternate methods.
- Wallets/bitcoin (instant): you can get the withdrawal in your bitcoin, hotforex offers instant processing for withdrawals into your wallets.
As per our research, the company’s deposit and withdrawal methods are good, and they even support local bank transfers (but they are little slower than some other brokers like FXTM). Overall, no complaints in terms of deposits & withdrawals, as they are very genuine in this terms.
Hotforex bonus
Hotforex offers significant welcome bonus of upto 100% to all new traders looking to sign up with them. Also, a volume based loyalty program is available for existing hotforex customers.
- 100% deposit bonus for new clients (recommended): the company has an attractive bonus offering to its customers with their 100% welcome bonus. To claim this offer you need to deposit a minimum of ₦30,000 in trading balance. You can even withdraw the bones provided you meet the volume requirements. We advise you to talk to their support if you are looking to trade with the bonus.
- Supercharged bonus: 100% bonus is offered on all deposits above $250 or N75,000.
- Demo contest: hotforex has an active contest called the “virtual to real” demo contest, which allows traders to trade on the demo account and get a chance to win real deposit of $2,000 for 1st winner. The biggest benefit of this promotional scheme is that there is no actual risk for the customers since they are trading on a demo account rather than their own funds. Further, this promo allows the users to sharpen their trading skills by using the demo account. Each round of the contest lasts one month, and winners are announced at the end. This contest presents new traders a great opportunity to get real trading money.
- Loyalty cashback: this offer is attractive if you are a high volume trader. Active trading with hotforex allows the customers to acquire loyalty points based on volume. These points can later be exchanged for cash or trading balance.
We found hotforex’s bonus is the best out of all the brokers that we have compared so far. We did not find any other regulated broker that offered better welcome bonus to nigerian traders.
Hotforex customer support
Hotforex’s support is quick, easily reachable & available 24/5 in english for nigerian traders.
We tested their support & here is what we found:
Very good live chat: hotforex’s live chat doesn’t disappoint. Their chat is available 24/5 and were quick to respond to our questions. We found them very helpful in answering our questions. The live chat is available in english language, and there was only few seconds of hold time.
Customer support at hotforex is definitely good.
Do we recommend hotforex?
Yes, we highly recommend hotforex if you are looking for a lowest spread regulated forex broker in nigeria that offers very good support.
Low fees, highly regulated (with FCA, FSCA & more), quick local deposit/withdrawals, solid support, we couldn’t as for more!
Moreover, their wide range of trading instruments i.E. Forex, commodities, cryptos & more to its customers. The naira accounts at hotforex come with very great features that offer nice addition for nigerian traders.
Their 100% welcome deposit bonus offer is almost un-matched.
Overall, hotforex is the #2 forex broker in nigeria according to our reviews.
"do you have experience with hotforex? Please consider sharing your experience with a review below – good or bad – doesn’t really matter as long as it’s helpful to other traders!"
We only accept user reviews that add value to fellow nigerian traders. Unfortunately, not all reviews that you post with us will be published on the website. For your review to be approved, please share your detailed & honest experience with the broker – either positive or negative. Thank you for helping out other traders with your valueable feedback!
Important: we don't accept any payments or kickbacks from any forex broker(s) to delete or change any reviews. We welcome forex brokers to reply to reviews on our website & share their side of the story to keep the process honest and fair for both sides.
Latest forex no deposit bonus list 2021
The no deposit bonus is a free tradable bonus gifted broker for new clients. You can take the bonus without any deposit.
The free bonus is not allowed in the EU and US residents but it’s very popular in some countries.
Newbie traders like to grab the free bonus because it is one of the free powerful leverage for them.
Hey! Want to start forex trading? You can fire right now with the forex no deposit bonus.
The ultimate guide about the no deposit bonus
Not all brokers but most of them offer the free bonus. It is a welcome bonus. Upon joining with a broker, the broker provides a free bonus.
While you think to consider for a no deposit bonus, don’t miss to check our best broker no deposit bonus!
No deposit bonus without verification
While you will register to create an account, you have to give you full name, email, phone number (often), the birth of date, country, and other some filed if need.
Usually, most of the forex brokers ask to verify your identity, at least phone number, or email based on their requirements.
But, sometimes a few brokers offer to start trading without verification of any information.
Why a no deposit bonus?
A freeway! Who doesn’t love to take free money? Actually, the forex broker offers a free bonus to learn forex trading, without any risk. After gaining some profit you will get big confidence to invest in it and make some bigger.
What about your profits?
The bonuses are good to make your profit, depends on you! Most of the bonuses offered to withdraw the gain profit and also you should continue to live trading with the profit.
Here is a big list of bonuses, we collect for you, and you can choose and fire now.
Forex no deposit bonus in nigeria
What is forex no deposit bonus?
Forex brokers want to attract new clients. It leads them in competition. They offer no-deposit forex bonuses, which is certainly going to benefit many new forex traders.
Forex free bonus
it is really a good news that "no deposit forex bonus" is a totally free, brokerege sponsored funding of trader's real account. All you need to do get this special kind of forex no deposit bonus, is fill an application for opening a live trading account with a broker, and your forex trading account will be credited with a live account balance - the bonus amount to start trading in the real forex trading as soon as possible. Forex no deposit bonus offer won’t require deposit amount from your side.
As a risk free option, a novice trade will get benefits like-
- trader can get to try out forex broker's platform
- trader get to test your trading skills & get some experience
- trader can make money on top or, if it goes wrong - lose nothing
however, there are other few facts to know about forex no deposit bonuses:
- if you trade with that account, and while the profits you make in trading are considered as profit. To withdraw the bonus profit money, as a rule, can't be withdrawn without meeting certain conditions. Those terms may vary with broker/their offer (trading volume, further account funding etc.).
- in other words, forex no deposit bonuses are quite smaller in amount, around $10-100. Sometimes it could be unbelieveable amount! Even $5000 with certain conditions. No matter for smaller amount aren't that bad for a micro account. Novice traders should take care of their trading experience on a micro level might significantly differ from forex trading with a larger portfolio due to higher financial risks involved. A good money management system of each type of accounts require additional trading experience.
What is not a forex no deposit bonus if-
- in order to start trading with that bonus trading balance you're asked to deposit own money; - after making profits. When made during trading are not withdrawable. To withdraw to your bank/online account the bonus profit itself, you can be asked to meet certain conditions (trading volume, further account funding etc.), but this should not be the case, when you want to withdraw profits only.
Pros and cons for forex brokers-
as tested, promotions like no deposit forex bonus is a fast as well as double times efficient strategy to promote brokerage. Within several days to a week everyone knows your name, even if the company is brand new.
Basically, it's not quite gainable as it may look - a roughly planned promotion can backfire and ultimately start building a negative reputation around the company. Hence, we recommend to a forex broker that, they should study pros and cons carefully before anouncing a no deposit forex bonus promotion in order to not repeat mistakes made by others.
If you are from forex broker then you can look several things to operate any kind of forex bonus no deposit.
Ensure about calling an attractive promotion by its perfect name, you can notice the section above " what is not a forex no deposit bonus if”
if you want to your customers to make a fund uploading on their new account in the end before any withdrawal, call it a "forex deposit bonus". This may help you to won't be accused in starting a wrong non-useful promo.
You can assign the circle of account holders who are eligible to receive a no deposit bonus forex in advance: decide whether it's going to be a global promo, or an offer for certain locations. Again, this sets clear rules and cuts out any negative feedback from novice forex traders who are ineligible for a no deposit forex bonus.
It is very impartant that, you shouldn't change your no deposit forex promotion rules after the promo has started. News about forex bonuses spread so fast, and once forex traders started discussing on it, you don't want them to boom about your promotion (often more harder rules) that has been added at the middle/last time.
Why no-deposit bonuses for traders?
Because it's a risk-free start! You will get a fx live account with real money on it — no deposit required from your side! The broker pays for your live account practice. If you make profit — you keep it, if you lose — you lose nothing.
Forex no deposit bonus
fabulous element - forex no deposit bonus in forex market risk free and without spend own money you can start trading with no deposit bonus, this bonus can get without deposit any amount. Fxallnews regularly update information about no deposit bonus like another promotion which is offered by many broker houses.
Some of broker houses offer no deposit bonus only for newbie trader but sometimes broker offer no deposit bonus for new and existing client , whatever forex no deposit bonus is a opportunity to start trading without depositing and losing own money.
To get this offer trader must have to authorized trading account which was opened by original document, verified by photo id, passport, national ID or driving license. To verified also need proof of address, utility bill, phone or mobile number and email address. But some time broker houses give no deposit bonus without verification.
Trader can select from fxallnews no deposit bonus which is largely and regularly published. These bonus amount is different and their term and condition also different. Some time trader can withdraw their trading profit some time not it is depend on broker houses offer and their term and condition.
Actually forex no deposit offered to draw attention for new client and make them invest. New trader are encouraged to start trading and check their capability of trading.
Before invest real money forex no deposit bonus is chance for start trading on forex market. Almost every broker offered no deposit bonus on the forex market. No-deposit forex bonus like an intensive to attract the new traders.
Trader must have to careful about broker offer because some of broker give opportunity to withdraw profit and some broker give this chance after deposit some amount.Broker houses when offer a forex no deposit bonus trader hope to earn real money. Before open an account something must need to check like regulation. And some broker stand huge reason to not paying money to trader. About forex-no deposit bonus different broker have different rule that’s why trader must check broker term and condition.
Best no deposit bonus in fortfs: fortfs is best broker they warm welcomes to their newbie traders.You can start your trading life with their no deposit bonus. No deposit forex bonus allows to to trade in real market without any risk and using your own fund.This welcome no deposit is absolutily free and it does not require any deposit to your own fund and you can withdrawl the bonus anf profit. Trader can know more about bonus on fxallnews.Com website page. Receive $35 forex no deposit welcome bonus for trading and income without any depositing. Start trade with renowned , reliable forex broker fort financial service ltd. This $35 forex no deposit welcome bonus can be obtained within 10 days.
Grand capital free no deposit bonus: grand capital offers their all new traders no deposit forex bonus. New traders can start tarding in well known broker house grand capital without cost their own money and without any risk and can earn profit.They offer their client $500 bonus on real account to tarde. This no deposit bonus profit is withdrawable. This is great opportunaty to start trading with real money.
Fxgiants promotion $35 free no deposit bonus
Welcome to fxgiants we are delighted to reward new clients by offering the opportunity to start trading with $35 bonus. Start your trading journey now! Boost your trading potential in the world’s best trading environment provided by fxgiants. The $35 free no deposit bonus is available only clients who opened an account through ironfx.Com.Bm. To get the $35 free no deposit bonus you need to follow a few simple steps:
Applicabe for : all new clients.
Withdrawal : bonus cannot be withdrawn
To get the $35 free no deposit bonus you need to follow a few simple steps:
Sign up and open a live trading account in 3 easy steps
Complete the SMS verification process
The $35 will be automatically credited to your account*!
Offer time : this offer is available from midnight on 1 january 2018 to 31 december 2018 and is available only for clients who opened an account through fxgiants . Fxgiants reserves the right at its discretion to discontinue offering the bonus for any country and/or regions as it deems necessary.
Up to 150% deposit bonus binary options
Up to 150%, deposit bonus binary options is available to new freestyle options trader. Every trader is encouraged to use sound judgment as to accepting a 150% deposit bonus binary options.
Available: all new trading account
Bonus offer: up to 150% binary options deposit bonus is available to new freestyle options trader
Trading benefits such as bonuses are offered to prospective or existing client clearly and indisputably at the absolute discretion of freestyle options. We take into consideration any information presented by the client during the application process which includes, but it is not limited to, financial situation, trading experience, knowledge and account type. Based on this information we evaluate what trading bonus is suitable for the customer.
Every trader is encouraged to use sound judgment as to accepting a bonus. All merits should be considered and the pros and cons evaluated. All freestyle options bonuses are subject to a minimum trading turnover of 30x (thirty times) of the bonus amount unless otherwise is specified on the company’s website.
Binary bonuses are great instruments allowing traders to boost profitability and streamline their risk management strategies. If you are not sure on how to use the binary bonus to
Michelkalib:
what is forex no deposit bonus?
Forex brokers want to attract new clients. It leads them in competition. They offer no-deposit forex bonuses, which is certainly going to benefit many new forex traders.
Forex free bonus
it is really a good news that "no deposit forex bonus" is a totally free, brokerege sponsored funding of trader's real account. All you need to do get this special kind of forex no deposit bonus, is fill an application for opening a live trading account with a broker, and your forex trading account will be credited with a live account balance - the bonus amount to start trading in the real forex trading as soon as possible. Forex no deposit bonus offer won’t require deposit amount from your side.
As a risk free option, a novice trade will get benefits like-
- trader can get to try out forex broker's platform
- trader get to test your trading skills & get some experience
- trader can make money on top or, if it goes wrong - lose nothing
however, there are other few facts to know about forex no deposit bonuses:
- if you trade with that account, and while the profits you make in trading are considered as profit. To withdraw the bonus profit money, as a rule, can't be withdrawn without meeting certain conditions. Those terms may vary with broker/their offer (trading volume, further account funding etc.).
- in other words, forex no deposit bonuses are quite smaller in amount, around $10-100. Sometimes it could be unbelieveable amount! Even $5000 with certain conditions. No matter for smaller amount aren't that bad for a micro account. Novice traders should take care of their trading experience on a micro level might significantly differ from forex trading with a larger portfolio due to higher financial risks involved. A good money management system of each type of accounts require additional trading experience.
What is not a forex no deposit bonus if-
- in order to start trading with that bonus trading balance you're asked to deposit own money; - after making profits. When made during trading are not withdrawable. To withdraw to your bank/online account the bonus profit itself, you can be asked to meet certain conditions (trading volume, further account funding etc.), but this should not be the case, when you want to withdraw profits only.
Pros and cons for forex brokers-
as tested, promotions like no deposit forex bonus is a fast as well as double times efficient strategy to promote brokerage. Within several days to a week everyone knows your name, even if the company is brand new.
Basically, it's not quite gainable as it may look - a roughly planned promotion can backfire and ultimately start building a negative reputation around the company. Hence, we recommend to a forex broker that, they should study pros and cons carefully before anouncing a no deposit forex bonus promotion in order to not repeat mistakes made by others.
If you are from forex broker then you can look several things to operate any kind of forex bonus no deposit.
Ensure about calling an attractive promotion by its perfect name, you can notice the section above " what is not a forex no deposit bonus if”
if you want to your customers to make a fund uploading on their new account in the end before any withdrawal, call it a "forex deposit bonus". This may help you to won't be accused in starting a wrong non-useful promo.
You can assign the circle of account holders who are eligible to receive a no deposit bonus forex in advance: decide whether it's going to be a global promo, or an offer for certain locations. Again, this sets clear rules and cuts out any negative feedback from novice forex traders who are ineligible for a no deposit forex bonus.
It is very impartant that, you shouldn't change your no deposit forex promotion rules after the promo has started. News about forex bonuses spread so fast, and once forex traders started discussing on it, you don't want them to boom about your promotion (often more harder rules) that has been added at the middle/last time.
Why no-deposit bonuses for traders?
Because it's a risk-free start! You will get a fx live account with real money on it — no deposit required from your side! The broker pays for your live account practice. If you make profit — you keep it, if you lose — you lose nothing.
Get all forex no deposit bonus from all various broker.
Forex no deposit bonus is really special for beginners to start forex trading. But selecting a bad bonus is just wasting your time.
Nowadays, more than 100 brokers are providing welcome bonus to entice their clients. But the thinking matter is that they all are not good some also are scam broker.
So, you should consider some important aspects before joining with a bonus.
Like: how to select and join and need to check the broker is good or not (broker reputation, regulation, deposit and withdraw and ++). Otherwise, it may harmful for your personal data.
This why, before join check those all, you can read full guide and can check: best forex no deposit bonus, I've found there really a good guide, that's helpful and sharing with nairaland.
7bforex – ₦10,000 no deposit bonus
7bforex
Promotion name: expert trader no-deposit bonus
Note: the promotion is available to nigerian clients only.
How to get:
1. Open a live trading account.
2. Fill in the application form in your client cabinet.
Withdrawal requirements:
the client can withdraw profit after trading at least 0.5 lot.
More information:
the promotion is available to only new clients that can prove to be expert traders.
Information about the broker:
7bforex ltd is a company incorporated in st. Vincent and the grenadines.
Promotion valid: until cancellation.
Do you recommend this bonus?
What’s new?
Forex4you – trading hero contest
Justforex – 2021 trading contest
Promax – 10% deposit bonus
Hotforex – 100% supercharged bonus
Seven capitals – real $100 account
6 COMMENTS
Wao! This is so great, to me this is still the best forex broker so far. They keep their word, i got the 10,000, traded with it in less than 2 days made profit and make a withdrawal of 26,000, to my biggest surprise, i was credited. They are real. I am ajewole oluwafemi from ekiti state nigeria, 08106021922
Yay!! I got the bonus; nigerian
Scam. They won’t give you shit
Is it for nigerians only
LEAVE A REPLY cancel reply
Risk warning:
investors should be aware of the serious risks of investing in the forex market, binary options and other financial instruments. Trading on the forex and cfds using the leverage mechanism carries a high level of risk and may not be suitable for all investors.
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5 best FOREX NO-DEPOSIT bonuses for nigerian traders 2021
When evaluating brokers, it is important for african traders to look at the bonuses and promotions that brokers offer. There are numerous brokers that make adequate provision for a welcome no-deposit bonus when traders register a live trading account.
Tickmill is a well-regulated broker which offers traders with comprehensive trading solutions as well as competitive trading conditions.
In addition, tickmill also offers traders with a variety of bonuses and promotions, such as a no-deposit bonus. Traders can expect a variety of tradable financial instruments along with zero-pip spreads, low commissions, and the use of powerful trading platforms when trading with tickmill.
XM is a popular, reputable, and strictly regulated ECN and STP broker which offers its services to traders from around the world.
In addition to offering some of the best trading conditions, XM also offers traders an array of bonuses and promotions, one of which includes a no-deposit bonus when traders register a live trading account.
Roboforex is a regulated and popular market maker, ECN, and STP broker based in belize. Roboforex offers traders with a variety of trading accounts, each catering to the varying needs and objectives of traders, from beginners to experts.
In addition, roboforex also offers traders with an array of bonuses and promotions, not only to attract new traders, but to ensure that loyal customers are rewarded generously.
Freshforex is a STP and ECN broker which is based in st. Vincent and the grenadines. When trading with freshforex, traders are offered with comprehensive trading solutions and competitive trading conditions.
Freshforex offers a variety of bonuses and promotions along with high leverage, variable and fixed spreads, low commissions, powerful trading platforms through which trades can be executed, a variety of tradable financial instruments, and reliable payment methods for deposits and withdrawals.
FBS has been in operation since 2009 and is a well-regulated STP and ECN broker offering traders with favourable and attractive trading conditions, bonuses and promotions, a variety of tradable financial instruments, and more.
When trading with FBS, traders can expect low trading and non-trading fees, tight fixed and variable spreads, low commission charges on trades, and the use of powerful, dynamic, and highly customizable trading platforms such as metatrader 4 and metatrader 5.
FXTM bonus
FXTM bonus allows you to increase the amount of money in your account, try trading painlessly and increase your chances of making big profits. Let's see how to get rewards from a broker and what they can be.
Bonus deposit FXTM
Bonus deposit FXTM is an additional $300 to the account. Money is available for beginners and regular customers. To get it, you need to deposit into your account and trade on one of the broker accounts. Cent account, MT4 standard and ECN MT4/MT5, ECN zero participate in this promotion.
Forextime no deposit bonus is available for all clients residing in india, pakistan, malaysia, indonesia, nigeria and the middle east. If the user lives in another region, he/she is offered to participate in the loyalty program.
Over 2 million people worldwide have chosen a global leader in online financial trading & investment.
FXTM no deposit bonus
FXTM no deposit bonus is offered to new customers with a CENT account. Be sure to ask support if this and other awards are relevant in 2020.
To receive FXTM welcome bonus:
You need to open a CENT account
Request a scratch card that gives out $10 (or 1000 cents)
Enter the card code in a special form in your account and follow the instructions to activate the gift.
This forextime welcome bonus cannot be withdrawn, and the money is used for trading only. On the other hand, you can easily withdraw the profit earned from it to a card or other payment means. The coupon is valid for 30 days after activation.
FXTM loyalty program
Forextime bonus loyalty program is valid for all clients. The user can receive up to $10,000 on it. Amounts and types of rewards vary depending on the type of account used. Clients are provided with cashback, trading rewards and the ability to withdraw gifts at any time.
Together with the weekly cashback, the broker offers:
Educational seminars with experts
Analytical books and articles
Copy trading with 5,000 experts worldwide
Reduced costs with favourable spreads
Access to higher profits with increased leverage
Super-fast execution capability
Beginners can start a demo account with a large amount of virtual currency. That is how they train safely in trading. By the way, forextime takes commission only for the already mentioned copy trading. You can start with only $100!
FXTM bonus is a useful addition to the possibilities of clients.
Refer a friend to earn 50$ each.
FXTM brand is authorized and regulated in various jurisdictions.
Forextime limited (www.Forextime.Com/eu) is regulated by the cyprus securities and exchange commission with CIF license number 185/12, licensed by the financial sector conduct authority (FSCA) of south africa, with FSP no. 46614. The company is also registered with the financial conduct authority of the UK with number 600475.
Forextime UK limited (www.Forextime.Com/uk) is authorised and regulated by the financial conduct authority with license number 777911.
Exinity limited (www.Forextime.Com) is regulated by the financial services commission of the republic of mauritius with an investment dealer license bearing license number C113012295.
Card transactions are processed via FT global services ltd, reg no. HE 335426 and registered address at tassou papadopoulou 6, flat /office 22, ag. Dometios, 2373, nicosia, cyprus. Address for cardholder correspondence: [email protected]
Exinity limited is a member of financial commission, an international organization engaged in a resolution of disputes within the financial services industry in the forex market.
Risk warning: trading forex and leveraged financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence. Please read FXTM’s full risk disclosure.
Regional restrictions: FXTM brand does not provide services to residents of the USA, mauritius, japan, canada, haiti, suriname, the democratic republic of korea, puerto rico, the occupied area of cyprus. Find out more in the regulations section of our faqs.
So, let's see, what we have: we've compared best no deposit bonus forex brokers for nigerian traders in 2021. Start forex trading without any initial funding. At forex no deposit bonus in nigeria
Contents of the article
- My list of forex bonuses
- Best no deposit bonus forex brokers 2021
- 5 best no deposit bonus forex brokers
- Common rules by no deposit bonus brokers
- How to choose a no deposit bonus forex broker?
- 1. Read the terms carefully (don’t just skim them)
- 2. Always check the broker’s regulations
- 3. Read the reviews (both good & bad)
- 4. Make informed decision (not just choose a...
- Forex no deposit bonus in nigeria
- Hotforex review 2021
- Hotforex – a quick look
- Regulation & safety of funds
- Hotforex’s fees
- Hotforex account types
- How to open naira account with hotforex?
- Hotforex metatrader platform
- Hotforex’s deposits & withdrawals
- Hotforex bonus
- Hotforex customer support
- Do we recommend hotforex?
- Latest forex no deposit bonus list 2021
- The ultimate guide about the no deposit bonus
- No deposit bonus without verification
- Why a no deposit bonus?
- Forex no deposit bonus in nigeria
- 7bforex – ₦10,000 no deposit bonus
- 7bforex
- What’s new?
- Forex4you – trading hero contest
- Justforex – 2021 trading contest
- Promax – 10% deposit bonus
- Hotforex – 100% supercharged bonus
- Seven capitals – real $100 account
- LEAVE A REPLY cancel reply
- 5 best FOREX NO-DEPOSIT bonuses for nigerian...
- FXTM bonus
- Bonus deposit FXTM
- FXTM no deposit bonus
- FXTM loyalty program
Contents of the article
- My list of forex bonuses
- Best no deposit bonus forex brokers 2021
- 5 best no deposit bonus forex brokers
- Common rules by no deposit bonus brokers
- How to choose a no deposit bonus forex broker?
- 1. Read the terms carefully (don’t just skim them)
- 2. Always check the broker’s regulations
- 3. Read the reviews (both good & bad)
- 4. Make informed decision (not just choose a...
- Forex no deposit bonus in nigeria
- Hotforex review 2021
- Hotforex – a quick look
- Regulation & safety of funds
- Hotforex’s fees
- Hotforex account types
- How to open naira account with hotforex?
- Hotforex metatrader platform
- Hotforex’s deposits & withdrawals
- Hotforex bonus
- Hotforex customer support
- Do we recommend hotforex?
- Latest forex no deposit bonus list 2021
- The ultimate guide about the no deposit bonus
- No deposit bonus without verification
- Why a no deposit bonus?
- Forex no deposit bonus in nigeria
- 7bforex – ₦10,000 no deposit bonus
- 7bforex
- What’s new?
- Forex4you – trading hero contest
- Justforex – 2021 trading contest
- Promax – 10% deposit bonus
- Hotforex – 100% supercharged bonus
- Seven capitals – real $100 account
- LEAVE A REPLY cancel reply
- 5 best FOREX NO-DEPOSIT bonuses for nigerian...
- FXTM bonus
- Bonus deposit FXTM
- FXTM no deposit bonus
- FXTM loyalty program
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