Best No Deposit Forex Brokers

RankBroker NameTrust Score Bonus*Reviews
1InstaForex80 / 100100InstaForex Reviews
2XM99 / 10030XM Reviews
3Plus50089 / 10030Plus500 Reviews
4Xtrade94 / 10055Xtrade Reviews
5Markets.com98 / Reviews

*Bonus amounts may be adjusted to your local currency and may either be different or not be available for some countries

The above table contains the top ranked forex brokers in our database for opening a no deposit account.

What is a no deposit forex account?

Whilst almost every broker provides demo accounts with virtual currency, you might want the feeling of trading real money. Some brokers offer a cash bonus into your account without you needing to make a deposit with your own money.

Generally, these amounts are low – around $30 to $50 so you can only trade micro or mini lots and the bonuses come with terms and conditions but nonetheless they are free as they say. We have assessed the brokers in our database to score them in the following categories:

  • No deposit bonus amount – How much they provide for free without a deposit
  • Terms & conditions – How strict the terms and conditions are for withdrawing
  • Currency pairs – The number of currency pairs available to trade
  • Spreads – How low the spreads are for major currency pairs compared to other accounts
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Forex brokers who are listed on our website must be regulated with at least one regulatory body.

Advocating safe forex trading across the world

©2021 - Forex (foreign exchange) trading carries an amount of risk that may not be suitable for all investors. Margin trading can be beneficial but also detrimental. You should consider your level of experience, capital you are willing to risk and trading conditions with each broker prior to trading in the forex market.