Best Forex Trading Bonus Brokers 2024

Table of contents

Below we have handpicked the brokers which we consider the safest for you to start. These brokers are offering great bonuses for live accounts consisting of remuneration (deposit, no deposit), rebates, education (academy, webinars) and free or exclusive services (signals, analysis). In addition to this, most of the brokers supply convenient web trading software, so you wouldn’t need to download anything to get started. Browse the list below!

XM Group

XM Forex Review

Minimum deposit

5$

Regulation

CySEC, FCA, ASIC

Bonus

30$, 50%+20%

Maximum leverage

1:1000

Year founded

2009

Trading platform

MT4, MT5, WebTrader

AvaTrade

Review of AvaTrade – Broker with over 15 years of experience

Minimum deposit

$100

Regulation

CySEC, CBI, FSA, FFAJ, BVI FSC, FSCA, FSRA

Bonus

Maximum leverage

1:400

Year founded

2006

Trading platform

MT4, MT5, WebTrader, AvaTradeGO

SAXO Bank

SAXO Bank Forex Review

Minimum deposit

USD 5,000

Regulation

FINMA, FCA, ASIC, FSA, MAS, AFM

Bonus

N/A

Maximum leverage

1:30

Year founded

1992

Trading platform

SaxoTraderGo, SaxoTraderPro

HotForex

HotForex Review – Trade 1,000+ of Symbols with this Broker

Minimum deposit

$5

Regulation

SVGFSA, FCA, DFSA, FSCA, FSA

Bonus

From 30% to 100%

Maximum leverage

1:1000

Year founded

2010

Trading platform

MT4, MT5

ForexMart

ForexMart Review – High-class trading experience

Minimum deposit

15

Regulation

CySEC

Bonus

30%

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4, WebTrader

CM Trading

CM Trading FX broker review – Is it legit?

Minimum deposit

$250

Regulation

FSCA

Bonus

Maximum leverage

1:200

Year founded

2012

Trading platform

MT4, WebTrader

Plus500

Plus500 Review

Minimum deposit

100$

Regulation

FCA

Bonus

N/A

Maximum leverage

30:1

Year founded

2008

Trading platform

Custom

Oanda

Oanda review

Minimum deposit

$0

Regulation

Australia, Canada, Japan, Singapore, UK, US, BVI

Bonus

From $500 to $5,000

Maximum leverage

1:888

Year founded

1996

Trading platform

MetaTrader 4, MetaTrader 5, fxTrade Mobile app

IQ Option

An in-depth IQ Option Review of fees, opportunities and more

Minimum deposit

$10

Regulation

Risk Warning: YOUR CAPITAL MIGHT BE AT RISK

Bonus

N/A

Maximum leverage

1:1000

Year founded

2013

Trading platform

Proprietary

Exness

Exness Broker Review – Should You Trade With It?

Minimum deposit

10 USD

Regulation

FCA, CySEC, FSA

Bonus

N/A

Maximum leverage

1:Unlimited

Year founded

2008

Trading platform

MT4, MT5, WebTerminal

OspreyFX

OspreyFX review – regulations, features and possibility of OspreyFX scam

Minimum deposit

$10

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2019

Trading platform

MT4, custom

EagleFX

EagleFX review – Start trading with safe and secure broker

Minimum deposit

$10

Regulation

Bonus

Maximum leverage

1:500

Year founded

Trading platform

MT4

Forex.com

Forex.com Review

Minimum deposit

250$

Regulation

FCA, NFA

Bonus

N/A

Maximum leverage

200:1

Year founded

1999

Trading platform

MT4

easyMarkets

Can You Trust easyMarkets? There Are Things You Need To Know

Minimum deposit

$25

Regulation

ASIC, CySEC, FSA, BVI

Bonus

50%

Maximum leverage

1:400

Year founded

2001

Trading platform

WebTrader, MT4, TradingView

HYCM

Can you trust HYCM Forex broker? What you need to know?

Minimum deposit

100

Regulation

FCA, CySEC, DIFC, CIMA

Bonus

N/A

Maximum leverage

500:1

Year founded

1977

Trading platform

MT4, MT5

FPMarkets

Is FPMarkets reliable broker? Is it licensed to trade?

Minimum deposit

$100 AUD

Regulation

ASIC

Bonus

N/A

Maximum leverage

500:1

Year founded

2005

Trading platform

WebTrader, MT4, MT5, IRESS

Pepperstone

Pepperstone FX Broker – Everything You Need To Know About This Broker?

Minimum deposit

AUD$200

Regulation

ASIC, SCB, CMA, CySEC, FCA, BaFin and DFSA

Bonus

N/A

Maximum leverage

1:400

Year founded

2010

Trading platform

MT4, MT5, cTrader, TradingView

FXRoad

Review of FXRoad – Broker with Superior Islamic Accounts

Minimum deposit

250 EUR

Regulation

FSA (Seychelles)

Bonus

None

Maximum leverage

1:200

Year founded

2023

Trading platform

FXRoad web & mobile platforms

IMGFX

IMGFX Broker Review – Your Best Trading Experience

Minimum deposit

$50

Regulation

N/A

Bonus

N/A

Maximum leverage

1:500

Year founded

2015

Trading platform

MT4

FXOpen

FXOpen Review – The most experienced broker

Minimum deposit

1 USD

Regulation

ASIC, FCA

Bonus

10 USD

Maximum leverage

1:500

Year founded

2005

Trading platform

MT4, MT5, WebTrader

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Want to be on this list? Contact us!

What is FX Trading Bonus Site All about?

Our website is here to provide your with the list of the best bonuses available for the traders. We are highlighting 3 main categories of the bonus:

  1. No Deposit Bonuses
  2. Deposit Bonuses
  3. Demo Trading Contests
  4. Premium Services Bonus

This way you can easily find yourself a generous bonus from an honest broker.

How to Find a Good Forex TRADING Bonus?

When it to selecting a bonus, it is often hard to get one from a reliable broker. In many cases  you would get a no deposit offer that will get cancelled for no reason. It is also probable to get a bonus and then find out that you cannot cash it out.

Here, at our top tables, we list only the most attractive offers from the reliable brokers.

Below you can find the best bonuses available till this date. Read reviews or sign up straight away!

XM Group

Get an Extra Bang with XM No Deposit 30 USD Bonus

Size

30 USD

Platform

MT4, MT5

Min. volume

0.01 Lots

Action

SMS

RoboForex

Get a free $30 no deposit bonus at RoboForex

Size

$30

Platform

MT4, MT5

Min. volume

0.01 Lot

Action

Email

Markets ZA

Markets.com No Deposit Bonus for South African Traders

Size

ZAR250

Platform

Custom

Min. volume

2.5 lots

Action

KYC

Types of Forex Trading Bonuses?

Many of us are struggling to find the difference between the various types of bonuses that exist in the current scope of offers from the brokers. To make your lives easier, we are here to provide you with some easy explanations of these promotions and also to supply you with the list of tips when it comes to trading bonuses.

What is Forex Trading No Deposit Bonus?

It is a certain type of a broker’s promotion when you can get a live trading account without making funding your account. This way you get to trade on a real account, preview the spreads, execution and other conditions of the broker. Also, you may trade this bonus for one great reason – profit. In the majority of the offers, you are not given the bonus that easy. It is often necessary to prove your identity or to make an SMS verification of your phone number. This way a broker can make sure that it gives a Forex trading bonus no deposit deal to a real person, and not just to a clone. Such bonuses are really great for beginners, as it lets you see what currency trading is without putting your own funds to risk. Check out the list of the best bonuses available for starters. With that, it is quite great to use these promotions if you simply want to get away from your live account trading and do a few of the risky trades that could potentially lead you to loses, as you are much better off making such trades on an FTB free account. Sounds interesting? Get the best no deposit trading tips at this article.

What is a Forex Bonus on Deposit?

This is another typethe bonus offer that is available with the most of the brokers. Once you want to open an account, a broker can increase your deposit for a certain percentage. For example, if you are offered a 20% deposit bonus, it means that once you deposit 1,000 USD, you will be trading on an account that has a total balance of 1,200 USD. Find out more about this type of the bonus in this article. There are many Forex deposit bonus deals available to you, however, most of them are actually scams. This is why you should only use our handpicked list of the best bonus offers on your deposit. We are only listing verified and trust bonus offers, so you can stay safe and trade stress-free.

XM Group

XM Deposit Bonus: policies and limitations

Size

5,000$

Platform

MT4, MT5

Expiration

N/A

Min. volume

0.01 Lots

AvaTrade

AvaTrade Bonus Review – What are the rewards that broker provides?

Size

Platform

MT4, MT5, AvaTrade GO, AvaSocial, cTraders

Expiration

Min. volume

100 USD

HotForex

HotForex deposit bonus review – Explore 3 different bonus programs

Size

100%

Platform

MT4/MT5

Expiration

-

Min. volume

$1000

What are the best Forex contests?

Even though it is not actually a bonus, we are still reviewing trading competitions on our site. The main reason for this is that brokers often arrange such contents where they distribute either cash or bonus prizes. In other words, if it is a great tool to compete within the trading community and win valuable prices. Participation in most of the FX contests is free, so it is certainly a great way to start trading and see how good your are in comparison to other trades. Often you can find some participation limitation, this is why it is handy to read our list of the best Forex championships and participate only in the verified contests that provide you with a great value for your time.

Alpari

Alpari Virtual Reality Contest (Ltd)

Eligibility

Everyone

Prizes

6,000 – 10,000 USD PAMM

Duration

11 weeks

Leverage

up to 1:1000

Forexball

ForexBall Contest Review

Eligibility

Everyone

Prizes

8,000 USD

Duration

1 week

Leverage

up to 1:500

What are the Premium Services Bonuses?

Premium services bonuses include educational services, daily analyses, exclusive trading tools (eg. tools for scalping or technical analysis), webinars, live trading sessions, and other additional “goodies” trat should help your trading.

Who is behind Forex Trading Bonus?

We are a team of traders that have been in this industry for years. Our members have traded almost every single Forex trading bonus that you can imagine. Now, we feel that it is our turn to share our wisdom and experience with the whole trading community and make sure you do not make the same mistakes we did.  We are open-minded people that are always willing to help you out and provide you with the tips and recommendations on the bonus selection, trading strategies and more. Read out to us by visiting our contact page and we will reply within 48 hours.

How can you help?

Our website is open for your ideas and for your experiences. We encourage every trader to comment on the Forex bonus deals he has tried and share the outcome with the rest of the readers. Remember, brokers’ terms and conditions, attitudes and Forex bonuses always change. This is why we would be happy to learn more about exactly YOUR experience. If you register for a certain bonus campaign through our site – please take a moment and comment about it. This is an ultimate way of creating the best Forex bonus list that can be trusted, so help us help you.

Forex Bonuses From Unregulated Brokers

As we all know, rules and regulations are one of the foundations of our society, and without these aspects – our entire civilization would crumble, and all the progress that we made would turn to dust. The global financial market is no exception to this fact, and when it comes to Forex trading and Forex bonuses, rules and protocols are immensely valuable. However, not all companies in the Forex trading sector are the same, and broker houses come in all shapes and sizes. Also, their intentions are different, and some organizations are entirely fair and professional while others are operating with malicious intent and they are luring people into scams and frauds.

Avoiding all these challenges can be a tricky task, and that is why it is necessary to learn a thing or two about foreign exchange before going deeper into the process and investing your hard-earned money. Our guide will cover all the elements that you need to know, and this will allow you to easily differentiate regulated brokers from unregulated ones, which can be a crucial factor in picking the right broker house for your needs. Also, you will learn why some brokers are choosing not to apply for a license and how their trading bonuses can be a good option for you after all.

The role of Forex bonuses

Companies that provide platforms for Forex trading are called brokers, and they are using all sorts of techniques and tactics to attract their customers. In other words, they are using those systems either as an enticement for traders to sign up with them or as a retention tool to keep them interested and active on the trading platform. One of their most used methods comes in a pretty straightforward form – a Forex bonus. What this exactly means is that the broker company in question will reward its clients with a particular amount if the trader fulfills a certain set of requirements.

Different broker houses have different definitions and ideas of what a bonus should be, and this can sometimes confuse the investors and cause a lot of headaches and frustration. However, the most common types of these “gifts” are called welcome bonus, deposit bonus, no deposit bonus, and so on. Also, come companies will offer VIP bonuses and various loyalty programs to their clients. All of these types of trading benefits can be useful and helpful, but only if they are issued in a proper manner, i.e. if they are not tied to elaborate terms and restrictions. Free money is always a good thing, but Forex bonuses from unregulated brokers are seldom coming for “free,” and you have to put a lot of effort in retaining those funds and use them as you would like.

How are Forex bonuses regulated?

As we already said at the beginning, rules and regulations are fundamental to the success of our overall society. The same applies to the financial world as well. And even though some brokers are opting for the opposite approach, the vast majority of them are applying for licenses and approvals from various regulatory bodies. When it comes to forex trading, the European jurisdictions are notorious for their strict and demanding protocols and procedures, which enables them to set high standards and to oversee the entire trading process. MiFID (Markets in Financial Instruments Directive) and CySEC (Cyprus Securities and Exchange Commission) are probably the best known regulatory agencies, but they are not the only ones. Either way, they are in charge of protecting the interests of the traders, and that is why most investors are reluctant to deposit their money if a broker house does not have a seal of approval from a regulatory agency.

Trading with unregulated brokers

Traders who are only interested in finding the trading benefits can often ignore the fact that a particular broker is not licensed. This behavior comes from the fact that some broker companies willingly refuse to apply for an audit by a regulatory body, even though they operate in a fully professional and transparent manner. The reason for this is simple – money. In other words, the process of gaining a license is pretty costly and time-consuming, which is something that most young companies are unable to afford. By skipping this step, they reduce their operating costs, and what is even more important when it comes to bonuses – they are left with extra cash that they can spend on their clients. Sounds like a win/win situation for both parties, doesn’t it? Traders get top Forex bonus deals, and broker houses save money and even attract more customers. However, things are not that simple, and the importance of a valid license in the forex trading world is immense.

The future of unregulated brokers

Because of the constant problems with unregulated brokers, CySEC has recently introduced a new directive, and this document will probably alter the market for good. Even though it is still too early to make any accurate predictions, it seems that bonuses from unregulated brokers are going to become a thing of the past. The history of Forex trading has seen a lot of scandals, and CySEC itself has issued several fines and even permanent bans to unregulated brokers, predominantly because of the malpractice when it comes to trading benefits that they offered to their clients.

The new CySEC directive was officially activated on December 15th, 2016, and this date could mark the end of days for Forex bonuses in general. Because the new directive will put more stringent terms on Forex brokers, these companies will be forced to operate in a more transparent manner. The actual purpose of the new regulation is to eradicate any ambiguity when it comes to Forex bonuses, and previous documents always left holes that could be misinterpreted.

Transparency and honesty

As a marketing tactic, Forex trading bonus under new EU regulation will probably “cease to exist,” but even if it somehow manages to survive and adapt to the new environment, things will not be the same. The loopholes in the legislation allowed unregulated brokers to withhold relevant information, and this was a major problem for clients who were new to the world of Forex trading. The biggest problem was contained in the fact that individual traders never understood what are signing for, and a lot of financial jargon was deliberately used to confuse them. After reading one of those terms & conditions documents, they would just give up and sign on the line just to get it over with. However, the trading volume that was required for the release of the trading benefit made the bonus misleading and even costly for the trader. Unfortunately, there were other problems, too.

For example, the withdrawal of the actual bonus often presented a problem when trading with unregulated FX brokers, and they used every trick in the book to prolong the withdrawal period or to entirely prevent clients from obtaining their funds. To be honest, not all unregulated brokers operate in this way, but the vast majority of them is following the same pattern, and this casts a dark shadow on the overall Forex trading world. That is why CySEC is trying to find a way to discourage such activities and to prevent scams and frauds altogether, and they are forcing brokers to disclose all information about their bonuses. Furthermore, all information regarding trading benefits needs to be presented in a clear and concise manner, which will eliminate misleading and ambiguity, and simultaneously – improve transparency and honesty in the Forex market.

Forex Funded Accounts

For traders that would like to work for a proprietary trading firm and trade anything from stocks and bonds to forex and futures, the best funded trading accounts offer flexible terms, state of the art trading software, and lucrative profit agreements.
Funded trading accounts greatly boost the purchasing power available to traders, with some proprietary trading firms offering $1 million in funding and more. A host of additional features are also available, as well as coaching and seminars for beginners.
Top funded trading accounts also support a wide variety of payout options, from wire transfers to e-wallets and crypto transfers.
If you are a beginner trader that would like to try your luck with prop trading, top funded trading accounts are attractive offerings that give you the autonomy to structure and execute your trades, while having access to leveraged trades and attainable profit targets.
Once you have passed the auditioning stage and proven your knowledge of the markets, you can quickly access your funded account and start your proprietary trading journey.

Conclusion

Trading with unregulated brokers can be a risky and hazardous endeavor, and most experts are strongly against such a proposition. But, because of a particular set of circumstances, some brokers are still offering professional and fair services, without having a certificate from a reputable regulatory body. Elements such as the price of the license or the actual length of the process of acquiring the permit can affect the situation, and that is why traders could find good odds and lucrative bonuses with some unregulated brokers after all. However, changes in regulation and new directives in the EU market seem to be focused on protecting the interests of the individual traders, and it remains to be seen if Forex bonuses will survive this attack. Almost all brokers have used these trading benefits as a tool for enticement and retention, but it was evident that the “system” was not working, and that too many problems with terms and conditions of these bonuses had to be stopped. Hopefully, the situation will improve, and that the traders will have access to the best Forex bonus offers, which could help them grow their trading balance and consequently make higher profits.