What Is a No Deposit Bonus?
A no deposit bonus is free trading capital given by forex brokers to new clients without requiring any initial deposit. Typical amounts range from $5 to $200, allowing you to trade live markets with zero risk to your own money.
These bonuses are used by brokers as a marketing tool to attract new traders. For you, it's a risk-free way to test a broker's platform, execution, and spreads with real money.
How No Deposit Bonuses Work
- Register — Create an account with the broker
- Verify — Complete identity verification (KYC) — most bonuses require this
- Receive bonus — The bonus is credited to your trading account
- Trade — Use the bonus as margin to open real trades
- Withdraw profits — If you meet the conditions, you can withdraw your profits (and sometimes the bonus itself)
Key Terms to Understand
Red Flags to Watch For
- Unrealistic amounts — Bonuses over $100 from unknown brokers are often scams
- No regulation — Only claim bonuses from regulated brokers
- Impossible withdrawal conditions — If the lot requirement is too high (e.g., 100 lots on a $30 bonus), it's effectively unwithdrawa ble
- Hidden fees — Check for inactivity fees or withdrawal charges
How to Get the Most Value
- Read the full terms — Know the lot requirement, time limit, and withdrawal cap
- Calculate if it's achievable — A $50 bonus with a 5-lot requirement is reasonable; 50 lots is not
- Use proper risk management — Even though it's free money, trade it seriously. See our Risk Management Guide
- Size positions correctly — Use our Position Size Calculator even for bonus funds
Browse Available Bonuses
We maintain an up-to-date list of verified no deposit bonuses from regulated brokers. Browse them here:
FAQ
Can I really withdraw profits from a no deposit bonus?
Yes, many brokers allow profit withdrawals after meeting the lot requirement. However, the bonus amount itself is usually removed from your account upon withdrawal.
Can I claim multiple no deposit bonuses?
You can claim one bonus per broker. Having accounts at multiple brokers is allowed, but creating multiple accounts at the same broker to claim bonuses multiple times violates their terms and will result in account closure.
Are no deposit bonuses a scam?
Not when offered by regulated brokers. However, some unregulated brokers use fake bonuses to collect personal data. Always check broker regulation before signing up.