Best No Deposit Forex Account Brokers

Top 5 No Deposit Account Brokers – Last update: April 22nd, 2019
Rank Broker Name Trust Score  Bonus* Reviews
1 InstaForex 80 / 100 100 InstaForex Reviews
2 XM 99 / 100 30 XM Reviews
3 Plus500 89 / 100 30 Plus500 Reviews
4 Xtrade 94 / 100 55 Xtrade Reviews
5 98 / 100 25 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. Click here for a full list.

Advocating safe forex trading across the world

©2019 - 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.