Windsor brokers no deposit bonus review

How to get windsor brokers’ $30 no deposit bonus? Are you new to windsor brokers and want to get a $30 no deposit bonus?

My list of forex bonuses

Windsor brokers no deposit bonus review, windsor brokers no deposit bonus review.

Windsor brokers $30 free account

Open windsor brokers' $30 free account to start trading without risking your own funds.

How to get windsor brokers’ $30 no deposit bonus?

Promotion details

Windsor brokers does not provide a service to traders in the USA, EU and belize.

Get windsor brokers $30 no deposit bonus

$30 free account offers all new traders a great opportunity to experience the trading condition of windsor brokers.

By opening the account, you will receive a $30 no deposit bonus without making a deposit.

This 30 USD no deposit bonus is especially recommended to new traders in the forex and CFD markets.

To get the $30 no deposit bonus, you just need to open windsor brokers’ account and complete the account verification with documents.

To fully verify your account with documents, you need to submit a copy of your ID and a proof of address document.

Main condition of windsor brokers $30 free account

Here is the summary of the $30 free account’s trading conditions.

Bonus amount	30 USD
account base currency	USD only
available for	new traders of windsor brokers
promotion period	6 months from the account opening
withdrawal of bonus	unavailable
withdrawal of profit	available with condition

The $30 free account of windsor brokers is available for 6 months from the date of account opening.

How to open windsor brokers’ $30 free account?

Are you new to windsor brokers and want to get a $30 no deposit bonus?

Then follow the steps below to open a $30 free account today.

Click on “get started” to apply for a $30 FREE account;

Follow the registration steps and ensure that you comply with all account opening requirements;

Once your $30 FREE account is approved, it will be credited with a $30 trading credit;

Start trading with the bonus.

The $30 free account is available for all new traders of windsor brokers.

Do you want to experience the trading condition of windsor brokers before making a deposit?

Then open the $30 free account today.

Profit withdrawal condition from the $30 free account

The amount of $30 no deposit bonus is available only for trading purposes.

You cannot withdraw the bonus amount.

You can withdraw only profits from the $30 free account if profits are equal to or higher than $30.

To be able to withdraw your profits from the $30 free account, you must trade at least 0.5 lots in total and more than 10 deals .

For more information about windsor brokers’ $30 free account promotion, see the tersm and conditions here.

Windsor brokers

Post tags

Explore the powerful suite of trading platforms and professionalism of windsor brokers.

Windsor brokers does not provide a service to traders in the USA, EU and belize.

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Who is hercules.Finance?

Hercules.Finance is a financial education website powered by a team of financial specialists and IT experts, mainly introduce solutions of forex, CFD and commodity investment, and a number of payment services. With more than 30 partnered companies all over the world, hercules.Finance offers trusted and timely information for investors and users of the services. By referring to hercules.Finance, you can find all latest news/information, financial technical/fundamental analysis, main/exclusive bonus promotions of partnered companies and a number of educational materials of finance. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.Finance.

Risk warning

Foreign exchange and contracts for difference ("cfds") are complex financial products that are traded on margin. Trading forex & cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, forex & cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of forex & cfds is not a reliable indicator of future results. All information on hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

Windsor brokers review and tutorial 2021

Windsor brokers offers MT4 trading on forex, stocks, commodities and more.

Trade close to 50 leading and emerging currency pairs.

Windsor brokers is an established forex and CFD trading broker. Our review covers spreads, no deposit bonus promotions, MT4 platform downloads and more. Find out whether to open an online trading account with windsor brokers.

Windsor brokers details

Windsor brokers was established as an investment firm in 1988. The company has two arms: belize-based windsor brokers (BZ) ltd, regulated by the international financial services commission and the jordan securities commission, and cyprus-based windsor brokers ltd, regulated by the cyprus securities and exchange commission (cysec).

With these branches combined, windsor brokers offers its financial services to clients in over 80 countries, including thailand, indonesia, malaysia, south africa, dubai, kenya and iran.

Metatrader 4 trading platform

Following the registration and login process, clients can download the metatrader 4 (MT4) platform. Used by millions of traders worldwide, MT4 offers market-leading features, including:

In-depth price analysis with 30 built-in technical indicators

Three execution modes including instant and pending orders

Expert advisor programs for automated trading

A signals service that allows copy trading

Straightforward and secure login

windsor brokers MT4 platform

MT4 webtrader

The browser-based version of MT4 offers one-click trading without a software download. The same breadth of indicators and drawing tools are available with the web-based platform. Webtrader is compatible with most operating systems and provides full data encryption, so it’s safe to use.

MT4 multiterminal

Windsor brokers (BZ) also offers trading via the MT4 multiterminal platform, an additional component of MT4 that lets clients trade on multiple accounts (up to 128) simultaneously. This can prove useful for advanced traders handling many accounts or professional investors.

Windsor brokers does not offer MT5 integration.

Assets

Clients at windsor brokers can trade on a range of financial instruments:

Forex – 40+ forex pairs including majors

Indices – 16 indices offered including dow jones and UK100

Shares – 30+ prime companies such as jpmorgan and walmart

Commodities(BZ only) – a choice of five energy and six soft commodities

Treasuries(BZ only) – four bonds are available including three US treasury notes plus german bund

Metals(BZ only) – gold and silver

Although the range of assets available at windsor brokers is broad, they could improve their rating in this review by offering cryptocurrencies and binary options trading.

Spreads & commission

Spreads at windsor brokers vary by account type. For prime account holders, the EUR/USD spread is typically 1.5 pips while with the zero account, the same spread is around 0.2 pips, though it can drop to zero. Crude oil spreads go as low as 0.03 pips while zero-point spreads are available on indices and shares. Generally, spreads are competitive and comparable with the offering from large providers such as the IG group.

As a result of low spreads, windsor brokers offers a fixed round turn commission of $8, which may be the preferred choice for clients executing large volume trades vs the risk of volatile spreads.

Leverage

Windsor brokers (BZ) ltd offers maximum leverage at the following rates:

Forex – 1:500

Metals – 1:250

Spot and CFD indices – 1:200

Spot and CFD energies – 1:100

Commodities – 1:50

Treasuries – 1:250

Shares – 1:20

In line with EU regulations, the european branch of windsor brokers offers maximum retail leverage of 1:30. Professional traders can access the greater leverage rates listed above.

MT4 mobile app

Trading is also accessible on phones and tablets through the MT4 mobile app, which can be downloaded from the apple app store or google play store for ios and APK users. The mobile app offers all the main platform features including interactive charts and analytical tools. In addition, it provides the functionality to chat with other traders.

MT4 mobile app

Payment methods

Deposits

Windsor brokers (BZ) requires a minimum deposit of $100 with their prime account and $2,500 with their zero account. Accepted deposit methods include visa and mastercard, plus e-wallets like webmoney and skrill. Aside from webmoney, deposits are free to make.

With windsor brokers ltd, most of the same payment methods are available, but there is a 3% transaction fee. Clients can expect same-day processing from both branches.

Withdrawals

Withdrawal requests are also processed the same-day at windsor brokers, though at both branches a 3% or £3 fee is charged per transaction. Funds are returned to the same credit card, e-wallet or bank as the deposit was made from, except when using a credit card where more than six months has elapsed. In this instance, funds will be transferred to a named bank account. Withdrawal times and periods depend on the initial payment method.

Note the broker may require identification documents to process withdrawals.

Demo account

Prospective traders can sign up for a demo account from the windsor brokers website. The demo simulator does not require a real-money deposit and allows traders to get a grasp of the MT4 trading platform before they decide to invest.

Bonuses & promos

Our review was pleased to see windsor brokers (BZ) currently offers a free prime account $30 promotion. This no deposit welcome bonus is available to clients opening their account with USD as their base currency, and cannot be transferred or withdrawn. Full bonus terms and conditions are available on the windsor brokers website.

Windsor brokers (BZ) also offers a deposit bonus of up to $10,000 where the broker will match 20% of the client’s deposit. Clients must deposit at least $500 to claim this promotion and bonus withdrawals are prohibited.

Windsor brokers ltd does not currently have promotional offers advertised on their website, which is unsurprising as cysec-regulated providers are not permitted to offer incentive promotions or bonuses.

Windsor brokers regulations

Windsor brokers (BZ) is regulated by the international financial services commission in belize and caters to clients globally except the US, EU, and belize. The branch is also regulated under the holding company seldon investments ltd by the jordan securities commission and accepts clients from jordan and arabic regions, with an office in amman.

Windsor brokers ltd is licensed and regulated by the cyprus securities and exchange commission (cysec) and is authorised by the financial conduct authority (FCA). This branch mainly caters to traders from the EU. This broker offers negative balance protection, an assurance that reduces risk as it prevents you from losing more than the amount you deposited. Windsor brokers is also a member of the investor compensation fund which ensures funds being unreasonably withheld from the client are compensated back to them.

Overall, our review gives windsor brokers a good ranking for trust based on these features.

Additional features

Windsor brokers (BZ) has a blog with a technical outlook and news section, publishing daily articles on world events and subsequent market effects. The broker also offers an economic calendar and forex calculators, and websites are available in several languages including farsi.

This broker ranks particularly highly in our review for their strong education department:

A library of 70 educational videos on trading strategies, market analysis and other useful topics

A glossary of financial terms with translations in 12 languages

Ebooks on how to succeed in trading forex, stocks, and cfds

Regular forex webinars for clients (BZ only)

windsor brokers economic calendar

Account types

Traders can open prime or zero MT4 accounts at windsor brokers (BZ):

The prime option offers a low minimum deposit, no commission charges, and training to equip you with useful trading skills. This account is geared towards novice and casual traders.

The zero account is meant for more experienced traders and offers low spreads starting at 0 pips, but charges a commission of $8 per round trip and training is not provided.

Those with larger bankrolls may be interested in applying for a VIP zero account, which comes with a dedicated client manager and one-to-one meetings with technical analysts.

Windsor brokers ltd offers an account similar to the prime with low spreads, commission-free CFD trading, and 1:30 leverage. Professional clients can also apply and benefit from increased leverage rates up to 1:500.

The account verification process is quick and easy across all accounts.

Benefits

Trading with windsor brokers has several advantages:

Licensed by reputable financial authorities including cysec

Industry-leading metatrader4 platforms

Negative balance protection

Rich education library

Zero-pip spreads

Drawbacks

Downsides of opening an account include:

Cryptocurrencies and binary options not offered

Limited live chat function

Trading hours

Users can access the customer trading portal 24/7, however trading times vary depending on the market. Most asset classes at windsor brokers can be traded throughout the week, and some markets also have weekend trading hours.

Customer support

The customer support team can be contacted through the following channels:

Belize

Phone – +44 3301280930

Email – support@windsorbrokers.Com

Address – 35 barrack road, belize city, belize

Jordan

Phone – +962 6 550 9090

Email – support.Jo@windsorbrokers.Com

Address – 198 zahran street emmar towers, amman, jordan

Windsor brokers ltd

Phone – +357 25 500 700

Email – support@windsorbrokers.Eu

Address – windsor brokers business center spyrou kyprianou 53, mesa geitonia 4003 limassol, cyprus

A live chat function is also available on both websites from the chat logo. However upon writing this review, we were not connected to an agent, so traders may find the alternative channels more useful.

Security

Windsor brokers have a thorough privacy policy to ensure client data is collected and handled securely. This broker also uses firewalls, encryption, and authentication protocols to protect against unauthorised access or misuse of data.

Windsor brokers verdict

Windsor brokers is a good choice for both beginner and advanced traders, offering forex and CFD trading with low spreads and a wealth of educational resources, in addition to no deposit bonus promotions and cysec regulation. Our review would like to see improvements in the european offering to match the wide asset and account range of the BZ-branch of the firm.

Accepted countries

Windsor brokers accepts traders from australia, thailand, canada, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use windsor brokers from united states, japan, belgium.

Is windsor brokers a trustworthy broker?

Windsor brokers is a safe and well-established broker with good website security. This broker has given clients access to the markets for over thirty years and has won awards for its transparency and customer service.

Is windsor brokers regulated?

Windsor brokers is regulated in europe by the cyprus securities and exchange commission (cysec) and by the international financial service commission of belize. Seddon investments also use the windsor brokers brand name and are regulated by the jordan securities commission.

What is the minimum deposit at windsor brokers?

The minimum deposit accepted is $100, offered on the prime account type. This low deposit amount is similar to other leading brokers and makes windsor brokers accessible for beginners.

What platforms are offered by windsor brokers?

Windsor brokers provides the metatrader4 platform. MT4 offers market-leading technical analysis alongside one-click trading, and is available as downloadable software, on internet browsers and as a mobile app.

Does windsor brokers offer any bonuses?

Windsor brokers (BZ) ltd offers a free account $30 promotion and a $10,000 deposit bonus that credits traders with up to 20% of their deposit.

FREE ACCOUNT

Get your $30 FREE account in 3 easy steps

Promotion is available ONLY to new clients for prime accounts with a US $ currency base

Step 1

Apply for a $30 FREE account. To start the application click on “get started”

Step 2

Follow the registration steps and ensure that you comply with all account opening requirements

Step 3

Once your $30 FREE account is approved, it will be credited with $30 trading credit

Apply for $30 account

Reach new heights

Windsor brokers is offering investment services and activities to its clients since 1988.

Windsor brokers (BZ) ltd is regulated by international financial services commission in belize, offering its services within the rest of the world except USA, EU and belize.

Seldon investments limited/jordan, registered under company national number 200168191, is licensed and regulated by jordan securities commission (JSC), offering its services mainly to jordan and arabic region.
Windsor brokers is offering forex and CFD trading on gold, oil, soft commodities, shares, indices and more.
Windsor brokers is committed to maintain the highest standards of ethical behavior, professionalism, integrity, as well as a high level of trust and confidence.
Services and products offered by windsorbrokers.Com are not intended to be used by residents of the united states of america, belize and the member states of the european union. WB global ltd is the EU registered company situated at spyrou kyprianou 53, 4003 limassol, cyprus facilitating payment services to windsorbrokers.Com

Windsor brokers ltd is a cypriot investment firm, licensed and regulated by cyprus securities and exchange commission (cysec), under the license no. 030/04, offering its services mainly within the european region under windsorbrokers.Eu

Risk warning: contracts for difference (CFD) are complex financial instruments carrying a substantial level of risk, and may not be suitable for all investors, as may result in a loss of all invested capital rapidly due to leverage. You should consider whether you understand how cfds work, your investment objectives, level of experience, risk appetite and, if necessary, seek advice from an independent financial advisor. Please read the full risk statement

Windsor brokers review

Windsorbrokers is a forex broker. Windsor brokers offers the MT4 forex trading top platform. Windsorbrokers.Com offers over 40 forex currency pairs, cfds, commodities, shares, indices, gold, silver, oil and bitcoin for your personal investment and trading options.

Windsor brokers has filed a lawsuit against some of its own clients over negative reviews and forums posts. Windsor brokers also included the FPA's parent company in this lawsuit. CLICK HERE to see the facts about this.

Formerly at windsorbrokers.Biz

Broker details

deposit methods:

bank wire, VISA, mastercard, local bank transfers, neteller, skrill, unionpay, webmoney

withdrawal methods:

bank wire, VISA, mastercard, local bank transfers, neteller, skrill, unionpay, webmoney

Live discussion

Join live discussion of windsorbrokers.Com on our forum

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Traders reviews

Windsor broker giving bonus not a scam

Very good. I had very pleasant experience..

Jai travailler sur le site pendant 15 jour après j'ai réalisé un intérêt est quand j'ai demandé mon argent il on refusé demande malgré que j'ai envoyé mon épreuve de résedance et mon ID mais il sont rejeté sans aucun raison.

I worked on the site for 15 days after I realized an interest is when I asked for my money it was refused request despite that I sent my proof of proof and my ID but they are rejected for no reason.

Trading FX or cfds on leverage is high risk and your losses could exceed deposits.

Top 6 best forex brokers with no deposit bonus for 2021

Top rated:

What better way to start trading than with a no deposit bonus forex broker? This should give you the perfect start to trading with some risk-free funds. To help you achieve that goal, we have put together a collection of the best regulated forex brokers in the market who offer a no deposit bonus to traders.

Beyond looking at more details of these top brokers, we will also provide more information on no deposit bonus availability, and how you can use these bonuses to your advantage when trading.

What is a no deposit bonus?

Very simply, a no deposit bonus is an amount of money which is given to you as a trader just for completing the broker registration process. This means that you do not have to deposit any of your own real funds to gain access to this no deposit bonus.

No deposit bonus: are they available in the EU?

Unfortunately, the answer to this question is no. The no deposit bonus offers are not available in the EU. This is due to the fact that the european market regulator, ESMA, has banned certain types of forex broker bonus offers under the mifid II regulations.

The result is that forex brokers’ no deposit bonus offers, and any kind of registration bonus offers are not allowed for traders who are in the EU.

Please note that the following bonuses are available only to people based outside the EU. Moreover, we do strongly suggest to not judge the broker based solely on the no deposit bonus, but on the suitability to your trading goals and preferences.

Top 6 best brokers with no deposit bonus

Here is a closer look at the top brokers we have selected who do offer a no deposit bonus.

Windsor brokers review

ℹ️ important info

�� regulated by :	bafin, cysec, FCA, mifid
�� headquarters :	cyprus
�� min. Deposit :	500 USD
�� max. Leverage :	1:400

Description about windsor brokers

Windsor brokers overview: everything you need to know before trading with the broker

With over 30 years of operation, windsor brokers was established in limassol, cyprus, in 1988. The broker offers a highly efficient and user-friendly trading platform to both corporate and retail clients in more than 80 nations across the globe. The broker has also won several awards and accolades, such as the ‘broker or the year’ as well as the ‘most trusted broker’ awards during the 12th annual jordan forex expo and awards (JFEX) held in 2017. Here, find a detailed windsor brokers review to understand more about their services and features.

Trading platform and accounts

As far as trading interfaces are concerned, windsor brokers offers a highly trusted MT4 trading platform to its users. The metatrader4 interface can be easily used for accessing commodities, forex, metals, indices, and other instruments. The broker provides access to the MT4 platform through mac OS, windows, android as well as the ios devices.

The broker also has the AMO or the all market online platform that allows traders to trade 620,000 varied financial products, including that of indices, stocks, metals, commodities, forex, etfs, securities, and bonds. The AMO platform can be easily accessed via desktop and mobile. Apart from this, windsor brokers also has the gwazy web trading interface, which allows traders to trade the binary options.

The broker provides traders with the option of choosing from two different account types, including the MT4 trading account as well as the VIP zero account. The minimum deposit required for a standard MT4 trading account is 100$, and the spreads for the same is 1.0 pips, while the leverage provided is 1:500. On the other hand, professional traders can also open an MT4 account with a minimum deposit of $2500, with spreads at 0 pips, leverage at 1:500, and an $8 commission charges payable to the broker.

One of the biggest advantages of trading with windsor brokers is that the broker provides quick order execution both through mobile and PC. The spreads offered by the broker are very low at 0.2 pips, and they do not charge any commissions on the cfds.

Deposits and withdrawals

With windsor brokers, traders get multiple options to fund their accounts. Traders can choose to deposit funds through bank wire transfer, credit cards, skrill, neteller, webmoney, as well as other methods of online payment. Withdrawals are processed through similar methods.

Regulation

When it comes to choosing the right broker, it is important that one opts for a regulated broker to ensure the safety of their funds. Windsor brokers is duly regulated by the cysec in cyprus as well as the FCA in the united kingdom. The broker also holds an EU forex license that allows them to operate across the EU region. Given that the cysec regulates the broker by the policies of the mifid or the markets in financial instruments derivatives, windsor brokers is required to ensure safe operation and investor protection. The above regulatory bodies also require the brokerage firm to maintain client funds in segregated accounts.

Final words

Overall, windsor brokers is one of the best brokers in the industry that offers a host of trading tools, features, and multiple account types to traders. However, they do not offer VPS and telephone support to their clients.

Best no deposit bonus forex brokers 2021

The brokers below represent the best no deposit bonus forex brokers.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Cysec, FCA, FSA(SC), FSCA, labuan-fsa

Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.

Ctrader, MT4, MT5, proprietary

Dealing desk, ECN, market maker, no dealing desk, STP

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Note: not all forex brokers accept US clients. For your convenience we specified those that accept US forex traders as clients.

Tickmill

Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).

The broker provides more than 80+ CFD instruments to trade on covering forex, indices, commodities and bonds through three core trading accounts called the pro account, classic account and VIP account. They also offer a demo trading account and islamic swap-free account.

GO markets

Australian brokers are definitely making a name for themselves in the trading arena as some of the most reliable, intuitive and forward thinking firms around. This broker is no different with a wide variety of tools, assets and reasonable trading conditions.

GO markets pty ltd an ASIC regulated broker has been in operation since 2006. The head office is located in melbourne, australia. With over a decade of experience, GO markets has grown to become a leading broker with a huge client base from over 150 countries. GO markets offers forex, share cfds, indices, metals and commodities for trading on the MT4 and MT5 trading platforms.

Roboforex

The roboforex brand is operated by the roboforex group, and is located in belize. Roboforex began operations in 2009 and has grown in size and capacity. The brand offers over multiple trading instruments which include forex, stocks, indices, etfs, commodities, energies, metals and cryptocurrencies.

They also offer cutting edge platforms. Roboforex boasts of over 800,000 clients from 169 countries. They are both a dealing desk and non dealing desk broker offering ECN and STP trading accounts through their platforms. This means a different payment model to you the trader eg. Lower spreads for ECN accounts with some commissions to pay.

*leverage depends on the financial instrument traded and on the client’s country of residence.

Axiory

Axiory was founded in 2012 and is a trading name of axiory global ltd which is authorised and regulated by the international financial services commission (IFSC) of belize. The broker segregates client funds from their own and offers negative balance protection. The company is also audited by pricewaterhousecoopers and is a member of the financial commission.

Users can choose from three types of trading accounts called nano, standard and max to trade on 80 different markets covering forex and cfds on indices, energies, stocks and metals. Axiory offers maximum leverage of up to 1:500 and also provides access to islamic swap-free accounts and a demo trading account. Users can also access data regarding execution times and slippage distribution for even more transparency.

What is a no deposit forex bonus?

A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.

Just like the deposit bonuses in forex (which require you to deposit first), the no-deposit bonus is used strictly for trading purposes and can only be withdrawn from the account on fulfillment of the broker’s trade volume requirements.

Typically, the no-deposit forex bonuses are not as large as the deposit bonuses. They range from between $10 and $200, depending on the broker. They are actually meant to introduce new traders into the world of real money trading and are not meant to be used for profit-oriented trading. Think of it as a form of live, real money practice account where you keep all the gains. If you lose money, you have lost nothing.

What should I do to get my bonus?

Most of the no-deposit forex bonuses in the market can be obtained as exclusive offers through affiliate partners of the forex brokers that offer them. The forex brokers who award the no-deposit forex bonuses directly are typically in the minority.

What is the difference between no deposit bonuses and deposit bonuses?

No-deposit forex bonuses do not require an initial deposit into the trading account before they are awarded. This factor distinguishes the no-deposit forex bonus from deposit bonus, which like the name implies, requires a deposit from the trader before it is awarded.

No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.

What other bonus and promotion types do brokers offer?

Other bonuses and promotions may be given out by brokers occasionally.

The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.

Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.

Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.

Conclusion

Are you looking for the best no deposit bonus forex brokers for 2017? Here we show a list of these brokers which we have compiled after careful evaluation of various candidates. Ensure you use the no-deposit forex bonus wisely and use it to enhance your live account trading experience.

Windsor brokers no deposit bonus review

Forex no deposit bonus list

Here’s a list of the forex brokers offering no deposit bonus or free bonus in 2021. You can also see if they really give you the bonus by checking out the review section on the table which is based on my experience.

There’s a concise version of the terms and conditions of the forex brokers’ no deposit bonuses in the table as well.

Forex brokers with no deposit bonus

Unlimited
after 2 lotsunlimited

YES
/
YES
lot size(0.01– ∞)
MAX leverage 1:500 get bonus

* ID is your identification documents such as passport, ID card, driver’s license, and etc. POD is proof of address such as utility bills, bank account statement or any official documents that have your address on.

** some no deposit bonuses need some kind of deposit. For more information read this part of the following post

For more information about the different parts of the no deposit bonus list, you can read the following post. You can also find the section you want on the table of contents below.

You can also watch this video which is a summary of this post and the conditions of these no deposit brokers.

You'll see in this article:

What is forex no deposit bonus?

Forex no deposit bonus is somehow free money that some brokers offer in order to attract clients.

It’s a welcome bonus that brokers offer to their new clients so you can only receive that once.

Not only can’t you receive the bonus for yourself more than once, but you also can’t ask for the bonus with the identification of your family members. We’ll talk about this more in the next section.

For receiving forex no deposit bonus, you don’t need to deposit any money first. In most cases, you don’t need to deposit any money at all.

You can trade and make profit with the bonus account and then you can withdraw either the profit or both the bonus and the profit gained from the bonus.

Do you need to deposit any money to get no deposit bonus?

That’s a weird question, isn’t it? If it’s called no deposit, why I might need to deposit any money?

Well, normally you don’t need to deposit any money to receive the bonus or even withdraw it. You can trade using the bonus and then either withdraw the profit or in some cases withdraw both the bonus and the profit.

You can call it a free no deposit bonus.

On the other hand, there are some bonuses that you need to deposit a small amount of money to get the bonus. For example, you want to use a $30 bonus but first, you have to deposit $10 to be eligible for receiving that.

There are several reasons that brokers give for this deposit.

Sometimes the small deposit acts as a verification method for your account. If this is the case, you can withdraw your money after receiving the bonus in some cases.

In another type of such a requirement, the amount of bonus is far more than usual such as $500 or 1000. In these cases, you have a limited time to trade with the bonus account and make as much profit as you can, then deposit up to the profit you’ve gained.

For example, the bonus is $1000. You have 7 days to trade and make as much money as you can. You make $500 within the 7 days. Now, you have to deposit $500 to keep the $500 profit or you can deposit less but you can keep less profit.

If you deposit $300 in the example above, your profit becomes $300 instead of $500.

For more information about the specific conditions of these bonuses, go to the review related to the broker by clicking on the see review button in the list.

Forex no deposit bonus terms and conditions

Although forex no deposit bonus is a good opportunity to build your account and find some money for trading, the conditions of trading with these types of accounts are not completely similar to usual accounts.

In other words, no deposit bonuses come with some terms and conditions designed by forex brokers.

There could be various reasons for making these kinds of conditions….

…but the main reason could be:

They don’t like to give away money to someone who doesn’t bring profit to them. I’m not saying they want to deceive you or not to necessarily give you the bonus if you are profitable but like every other business, it’s a matter of give-and-take.

They expect you to give them profit by trading normally and give them spread, no matter if you win or lose, but if you use a strategy that may cause them trouble in any way just to get the bonus and then disappear, you might cross their line and have problems with them.

They also like the clients that use this bonus as a way of knowing the different aspects of the brokers.

Those kinds of clients will deposit more money later and trade with a larger account, therefore, the brokers can make chubbier profits.

All in all, whether you just want to gain the bonus or you decide to become familiar with the broker, you probably won’t have problems with them if you go by the terms and conditions of their no deposit bonuses.

Common terms and conditions

There are some common clauses that you see in all terms and conditions of the forex no deposit bonuses.

As I said in the previous section, you can’t ask for the bonus more than once and none of your family members can ask for the same bonus either.

Even if someone else requests for the bonus through your device (computer, mobile, etc.), or via your internet service (the same IP address); they won’t give you the bonus and even if they will in the first place, they’ll cancel that later.

With that said, you are prohibited to use any kinds of internet proxies such as VPN, VPS, or any other methods that hide or change your IP address.

The next condition is that they withhold an absolute right to either reject your request for the no deposit bonus or cancel that at any time and at their own discretion without giving you the reason and based on the rules.

They probably wouldn’t do that if you follow their rules because first, they don’t want to lose good clients and second, they don’t want to see massive defamatory reviews throughout the internet.

The mentioned rules are in common between all the forex brokers offering no deposit bonus but there are some conditions that vary from broker to broker.

That’s why I’ve made this comparison table and concise review of forex no deposit bonuses for different brokers so you can have a better understanding of the bonuses in general and their different terms and conditions in particular.

You can also see more in-depth reviews specifically for the no deposit bonus of the brokers by clicking on the see review button in the list.

I’m going to talk about the different conditions that you see in the table but before that, I think it’s worth mentioning that:

How do I review brokers offering forex no deposit bonus

All these no deposit reviews are based on my experience with the forex brokers from requesting and receiving or not receiving the bonus to going through terms and conditions of them.

I’ve also asked them various questions via email and live chat in case of ambiguity or unavailability of information regarding the terms and conditions of the bonus.

The next metric I consider is brokers’ regulation. It’s hard to trust brokers without being regulated by at least one regulatory body.

Even some regulated brokers act insincerely towards some clients let alone non-regulated ones.

Anyway, I’ve just started testing the brokers offering no deposit bonuses so I’ll add more to the list. You can visit this page every now and then to find more.

In case you have doubts about any of them, you can either read the conditions on their website or ask them by yourself.

All in all, use the information on this page at your own discretion.

Now let’s take a closer look at the parts of the forex no deposit bonus list or table.

Forex no deposit bonus withdrawal and profit withdrawal

There is a difference between brokers on withdrawablity (I’m not sure it’s even a word) of the no deposit bonus itself.

Some brokers’ bonus is withdrawable and you can take it out of your account after trading a specific amount of lots. In other words, although you can withdraw the bonus, you can’t withdraw that right away but you can trade and release that.

On the other hand, some brokers’ bonus is not withdrawable whatsoever. It’s only designed so that you can trade and make a profit out of that.

After that, you can withdraw the profit but again, you can’t take it out without meeting some conditions. In this type of bonus, you also need to trade a required number of lots before withdrawing the profit.

Most brokers’ no deposit bonus is in the second category where you can only withdraw the profit, not the bonus itself; however, there are a few brokers that offer the withdrawable bonus.

You can find this in the bonus and profit withdrawal column of the list.

Expiration period

Sometimes, there’s a limitation on the period you can trade with the forex no deposit bonus account. Not all brokers have this condition but most of them do.

To be honest, I haven’t found any meaningful connection between the bonus duration and other factors of the bonus.

There are even some brokers that don’t have any limitations on trading period using the bonus.

You should consider this along with the required lots to see if you can meet them. If your strategy doesn’t generate enough tradable positions, you might consider going with the brokers that have longer time period or even pick the ones with an unlimited period.

Be careful, if the bonus period comes to an end, your open trades or positions will be closed automatically at the market price, so it can be a good idea to trade carefully during the last day.

Required lots for releasing bonus and profit

We’ve touched on this one to some extent. As you know now, the forex no deposit bonus and/or the profit gained from that isn’t withdrawable right away.

You need to trade a number of lots to redeem that. Again, there isn’t a common rule for determining that and every broker has its own calculation to set the number.

I think this is one of the hardest parts of the offer and somehow unfair.

Ok, this is free money, or free with some strings attached, but they can loosen up the attachments a little bit.

You definitely can’t train or hold a solid money management. It can grow bad trading habits if you are not aware of what you do and adopt that destructive habit.

However, without breaking some money management rules, it seems impossible to make a profit from some of the no-deposit bonuses.

I think the best strategy for that is to be more aggressive in the early stage and after building up the account, you can take a tighter approach.

For example, instead of risking 2 or 5 percent of your account, go with the 20 percent at first if your strategy doesn’t show you enough setups to trade.

On the other hand, if you can find more positions to trade, you can risk less percentage for each trade and the high number of trades would make up for that.

By the way, be careful not to push it by generating meaningless and countless trades and lots because your bonus will be in danger of cancelation by the broker. Maybe it could be a good idea to ask them how much risk is allowed per trade.

To sum it up, you have to find a way to meet the required lots within the time period but before that, make sure to read the conditions of the brokers so that you can pick the one that suits you the most.

Forbidden strategies for forex no deposit bonus

Expert advisors (eas), scalping, and hedging are the main strategies that most brokers have problems with when it comes to their no deposit bonus offers.

Most of the brokers normally allow these strategies specially eas and scalping but they don’t like them for the bonus accounts.

Why is scalping not allowed for no deposit bonus?

Basically, when you scalp, you send the broker lots of orders in a short period of time so they have to manage the orders quickly either by sending them to liquidity providers such as banks, financial institutions, etc. If they are NDD or fill the orders internally by matching the orders (you sell, someone buys and the broker matches it together) if the broker is DD.

In a nutshell, you bring them lots of work that should be worth it for them to do.

If you have a large account, most of the brokers don’t have any problems with scalping because first, you trade in a large number with high lots and it means more commission for them.

Secondly, it’s so much easier for them to fill larger orders than smaller ones.

For example, their liquidity provider has a $100k sell order on GBP/USD (a british has sold something to an american and received dollars and now wants to exchange it for pounds).

Now the broker wants to fill its client’s orders with that $100K. 100 buy orders, each with100 lots can do the work but how many buy orders with 0.1 lots are needed to do the same job? You’ll do the math.

If you don’t scalp and give them time, it’s not a big deal and they find smaller orders like you to match or even hedge that (fill it by themselves to find the right price) but when you send them lots of small orders with different price every minute, it becomes harder for them to find your requested price and they can’t always hedge that because they can’t calculate the risk if there are numerous orders.

You give them a very small commission or spread and lots of orders that they need to hedge so for them it’s not worth risking in some cases.

We’re not talking about one scalper here with whom the broker might have problems. They can handle some but lots of them, they might get into trouble.

Having said that, most reputable brokers don’t generally have problems with scalping nowadays even with small accounts when you want to trade with your own money.

They don’t accept scalping for their no-deposit offers because I think the bonus account holders are a big chunk of their clients. What if a part of them were scalpers with a small bonus account!!

We give you free money to trade and now we have to handle lots of scalpers with small accounts as well? No thanks.

To be fair, that’s not an irrational argument and we shouldn’t blame them for that. In this case, they’re somehow right.

Hedging is not allowed

Another strategy that is forbidden when trading with a forex no deposit bonus account is hedging.

In simple words, hedging means: trading the opposite side of your current position.

Mostly, traders do that because they want to lock their trades when it’s in the red and they’re losing money so they lock the position to reevaluate the situation.

For example, you buy EUR/USD at 1.1168. The price goes against your favor and gets to 1.1145 so you decide to sell that in order to lock your position and your loss. Then you can reanalyze and decide later which side you want to unlock.

On the other hand, you may be in the profit and suddenly the market gets highly volatile, for example as a result of important news, so you decide to lock your profit to see what will happen when the excitement subsides.

US brokers are banned from letting their clients hedge according to the US regulations but other brokers including the brokers introduced here don’t generally have any problems with that.

However, when it comes to the no deposit bonus accounts, most of them don’t allow that. I couldn’t find any logical answer for that and none of them gave me a reasonable answer.

Why is eas not allowed for forex no deposit bonus?

The next method that some brokers don’t allow especially in the no deposit bonus accounts is using automated trading or as we know it in forex : eas.

Most of the brokers don’t have any problems with eas in general but they prohibit this kind of method for no deposit accounts.

I asked the ones that don’t allow eas and they told me:

Because this type of account is more like a training account for beginners so eas can’t help them to become a trader. Moreover, they don’t know automated trading well so they would probably choose the wrong and losing eas and blow the account.

I’m not sure how convincing the answer could be but that’s one of the conditions that some of the brokers have for this type of account.

However, they said this condition is only for no deposit accounts and if you deposit your own money everything’s allowed.

In conclusion, if you don’t use any of those three methods, you probably won’t have any problems with the brokers’ no deposit accounts.

Type of accounts

There are two important factors in the type of no deposit accounts we need to pay attention to.

As long as these types of accounts are small and in most cases we have a limited time period for releasing the required lots, having more options for lot size can be an advantage.

If we are bound to just one lot size like 0.01 and have limited time to trade, releasing required lots is absolutely hard to pull off.

However, it can be a good opportunity from training perspective because if you are a newbie, you can’t blow up your account quickly — actually you still can but it takes a little bit longer ��

On the other hand, if you have more choices for lot size, you can diversify your trading by using different methods as we talked earlier — you can trade with bigger lots at first and modify that when your account is chubbier.

The second important factor is leverage. Leverage is a double-edged sword. It can be both to the benefit of you and your enemy.

Having more leverage basically means having more money to trade and risking higher. You can win more if you are a profitable trader but you can raze your account to the ground sooner if you don’t know what you’re doing.

In general, for smaller accounts, you can risk more so having larger leverage can come in handy especially for no deposit bonus accounts.

In no deposit account, not only do you have a few bucks to trade but you also have a limitation on time and sometimes on lot size so you need all the possible money for that in general.

The bottom line

Forex no deposit bonus is an opportunity for beginners who haven’t tried live accounts and want to leave demo trading behind and become familiar with real trading. No deposit bonus can help them to achieve that without spending a dime and trade with free, but real money.

It’s also useful for the traders who want to know a broker better and see the performance of the broker in the real condition of the market.

It can also be beneficial for those who don’t have enough money to trade but they can trade profitably and make money out of trading so they have a chance to do so.

Whatever reason you have for using any forex no deposit bonus, you need to know the terms and conditions of the bonus you choose otherwise you may cross a line and cause the cancelation of that or you can’t meet the requirement as a result of unawareness and lose the bonus.

Yes and no. There are bonuses that are not withdrawable and you can only withdraw the profits gained from them. On the other hand, there are some that you can withdraw both bonuses and their profits.

You need to trade a specific number of lots in most cases in order to have permission for withdrawal. For example for a $10 bonus, you need to trade 2 lots.

The most common ones are scalping, hedging, and using eas however, they are allowed in some cases — especially eas.

At first, in some cases, yes but sometimes no, however, when you want to withdraw the bonuses or profits, you definitely have to submit them to be verified.

Best no deposit bonus forex brokers 2021

The brokers below represent the best no deposit bonus forex brokers.

Cysec, FCA, FSA(SC), FSCA, labuan-fsa

Ctrader, MT4, MT5, proprietary

Dealing desk, ECN, market maker, no dealing desk, STP

Note: not all forex brokers accept US clients. For your convenience we specified those that accept US forex traders as clients.

Tickmill

Regulated by: cysec, FCA, FSA(SC), FSCA, labuan-fsa

Headquarters : 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ.

Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).

GO markets

Headquarters : level 22, 600 bourke street, melbourne, VIC 3000, australia

Roboforex

Headquarters : 2118 guava street, belama phase 1, belize city, belize

*leverage depends on the financial instrument traded and on the client’s country of residence.

Axiory

Headquarters : no.1 corner of hutson street and marine parade belize city, belize

What is a no deposit forex bonus?

A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.

What should I do to get my bonus?

What is the difference between no deposit bonuses and deposit bonuses?

No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.

What other bonus and promotion types do brokers offer?

Other bonuses and promotions may be given out by brokers occasionally.

The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.

Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.

Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.