Forex broker free
Since we donвђ™t charge any commission, traders can use their full deposit to trade forex, crypto, stocks, indices and commodities.
Free forex bonuses
With 0% commission, we make trading fair and accessible to all.
Explore the worldвђ™s financial markets with competitively low spreads and no commission on six asset classes.
Leverage your growth
With zero commission and ultra-low spreads, the road to success has never been simpler.
Explore the worldвђ™s financial markets with competitively low spreads and no commission on six asset classes.
FX MAJORS
AUD/USD | loading | loading | loading |
EUR/USD | loading | loading | loading |
GBP/USD | loading | loading | loading |
USD/JPY | loading | loading | loading |
CRYPTOS
BTC/USD | loading | loading | loading |
ETH/USD | loading | loading | loading |
LTC/USD | loading | loading | loading |
XRP/USD | loading | loading | loading |
We empower traders by simplifying the withdrawal process. Weвђ™ve eliminated excess waiting periods and unnecessary steps, and our team processes all withdrawal requests within 24 hours.
Our aim is to help traders grow by providing all the support you need to flourish. We offer over 170 assets to trade on through the metatrader 4 platform, 24/7 support for all clients, as well as informative materials to help you get started.
Since we donвђ™t charge any commission, traders can use their full deposit to trade forex, crypto, stocks, indices and commodities. With 0% commission, we make trading fair and accessible to all.
Free demo and live MT4 accounts
Whether youвђ™re looking to practise trading risk-free, or to open a live trading account to start earning, we offer free demo and live accounts on the renowned metatrader 4 platform. You can even perfect your strategy and acquaint yourself with the platform through a demo account before depositing any funds. Both account types present identical market conditions, helping you get ready to go live!
Benefit from 0% commission, ultra-low spreads and free transactions today
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*this website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.**risk warning: trading leveraged products such as forex and cryptos may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice. Read more here
Expose what is the meaning of forex no deposit bonus. You gain a real forex trading account with original money on it no deposit required from your side
Youвђ™re probably interested in forex live trading. It is a good way to increase your wealth if you have the right skills and knowledge about the industry as a whole. However, itвђ™s worth to mention that there are a lot of pitfalls in forex trading. If you fail to become an expert in trading before investing large sums of money in it, you may be leading yourself towards financial ruin.
Now, sure, you have read dozens of articles on forex and how to make a profit on it. You have seen dozens of people talk about their immense fortunes earned by trading. What you havenвђ™t seen is thousands of people who only suffered losses when they started trading. Donвђ™t become one of them, trade with skill.
You canвђ™t get experience unless you fail. But how do you get trading skills if you donвђ™t want to lose your own money to learn? The answer is to get a no deposit forex bonus on a forex trading platform.
It is a free bonus (no deposit required) with no deposit required and no strings attached. You just have to register to get anywhere from $30 to $500 for free to get you started in trading. Make sure you don't waste the money and work hard to learn the basics.
Is bonus with no deposit on forex a scam?
While the industry has seen some fraudulent projects, most places that offer trading bonuses with no deposit are trustworthy. The thing is there are so many trading platforms that they have to compete against each other to win new paying customers. Giving away some free money for you to learn how to trade is only beneficial for them.
Profit from their offers. Browse the list of trading platforms that offer no deposit bonuses and chose the most beneficial option fo you.
Forex no deposit bonus is risk free and deposit free bonus. You don’t need any deposit, the broker will give you bonus after opening a new account. Just you need to register with a forex broker and verify your account. Then you can start your live trading.
This how forex broker makes their potential client. Forex broker utilizes no deposit bonuses to pull in new customers, particularly in the event that they are new brokers, to expand their demographic as quickly as conceivable which is the reason they offer such free rewards.
Presently, forex trading becoming more popular, so there are too many traders and they want to start deposit free welcome mean no deposit bonus. Luckily, there is various forex broker offering no deposit bonus for beginners. They offer amazing bonuses, often $5 USD to 100 USD.
How free bonus is important?
Most of the brokers offering bonus. In any case, the greater part of them is unregulated. They are doing it is a great way to find new clients and they can’t find another good way. But regulated forex broker is good they offer some good bonuses for a newbie to familiar with live trading and their trading platform. We reviewed unregulated forex broker offer a free bonus with too many conditions and trading period is very short like 15 days, 20 days maximum 30 days, also you can’t withdraw the bonus, you have to trade required standard lot volume within a short time. Also, you fell trouble with leverage, the maximum amount of withdrawing and withdrawal method and other things. Then?
However, forex free reward is significant for currency traders. A regulated broker always offers a good bonus with some easy conditions to familiar with them. I think finding a trustable broker is important, so a beginner can join with a regulated broker bonus and they have to check some important factors like leverage, speared, fees and commissions and other things. One other thing is a security issue and trading platform.
So you already got it free bonus is important and joining with a regulated broker is better.
In this case, if you are a newbie in this forex trading market, obviously you can start with a free no deposit bonus. Forex is an extremely entangled and professional market, you need some experience to success on trade. In this case, if you are new in the FX market, utilizing a free reward can enable you to make some profit and increase some knowledge on how the market actually work you can make money more.
When you get familiar with your way (strategy, techniques), you don’t need the free reward again. You'd have the option to trade and make plenty of benefits by live trading. Moreover, experience traders, sometime takes a free bonus to multiply their profit and test a new strategy.
Terms and conditions for free forex bonuses
The different broker set different terms and conditions. There are a lot of terms and conditions in a free bonus, some terms and conditions are really hard. Like you have to trade a certain number of standard lot volume to withdraw profit. But there have also some good trader they regularly making money with this free bonuses. They use tricky techniques, they always hunt bonus presenting a website to choose an amazing bonus. The choose bonus then joins, start trading make some money, and build up their special strategy.
On the other hand, some other brokers will give you one time to withdraw conditions. Some will ask to deposit for withdrawing and some will say to start live trading and internal transfer your amount.
Discover more about the free bonuses
You have learned a lot already from here, but sometimes beginner asks some question us this like:
Is forex free bonus is a welcome bonus?
Actually, most of the time broker gives the bonus after joining with them so you can say it is forex welcome bonus.
Also, some reputed broker gives a bonus to their old clients and new clients, its deposit bonus like a 20% deposit bonus. Example: a trader after deposit $100 the broker will give $20 and the trader will able to trade with $100.
Does forex broker give no deposit bonus without verification?
Yes! Usually, a broker doesn’t provide the free bonus without verification. First things you need to fill-up at least your name and email, you have to confirm your email id for the complete creation of account.
Usually, the broker wants some individual data like ID card, passport or utility document after opening or before withdrawing profit.
But sometimes it happens that forex broker offers no deposit bonus without any verification.
Can I make money with a free bonus?
Why not? The broker gives the bonus to trade on the real market. It totally depends on you, if you can make some profit it’s obviously yours. But we suggest free bonus for newbie and learn something and for familiar with real market trading and for preparing themselves for the future.
So you can make with free bonus and withdraw it after meeting the terms and conditions.
What is the best thing in a free bonus?
The best thing is if you have a no fund you can start live trading, you can learn new thing and if you can make some profit further you can trade it with a forex deposit bonus that will boost your trading capital.
So you have to start with a free bonus wisely.
Conclusion
Forex no deposit or deposit free trading bonus is a kind of blessing for a newbie, they can start live trading with it easily. Here is some good opportunity will help you to take a decision to choose a free bonus.
- You can start live trading without any deposit
- You can change your broker platform of a broker
- You can earn some money and grow your confidence
You can change your trading instruments (currency pair, stocks, indices, share, commodities, and crypto currency)
You can start trade without pressure and risk free
You can develop your trading plan, strategy, and pattern
So you may say the free bonus is a really good opportunity to learn real forex trading, familiar with live trading environment and prepare yourself to take the challenge (forex trading contest)
forex no-deposit bonuses 2021
nodeposit bonus | bonus | valid till |
---|---|---|
7bforex | no-deposit bonus | $25 | dec/31/2021 |
AGEA | $5 no-deposit bonus | $5 | dec/31/2021 |
almahfaza | phone verification bonus (in arabian) | $50 | dec/31/2021 |
arum trade | “first investment” no-deposit bonus | $30 | dec/31/2021 |
atlasforex | $50 USD no-deposit bonus (in japanese) | $50 | jan/31/2021 |
bityard | beginner rewards | 4 USDT | dec/31/2021 |
bullseye markets | $25 USD no-deposit bonus | $25 | dec/31/2021 |
bybit | $10 registration bonus | $10 | dec/31/2021 |
bybit | social media bonus | $5 | dec/31/2021 |
bybit | survey bonus | $5 | dec/31/2021 |
cfmerchants | $50 welcome no deposit bonus | $50 | dec/31/2021 |
corsa capital | $100 no-deposit fixed welcome bonus | $100 | dec/31/2021 |
cube global | $20 no-deposit bonus | $20 | dec/31/2021 |
CWG | hi account! $50 USD no-deposit bonus | $50 | dec/31/2021 |
elite fin FX | free $20 no-deposit bonus | $20 | dec/31/2021 |
emporio trading | $30 USD no-deposit bonus | $30 | dec/31/2021 |
FBS | level up bonus FREE $140 | $140 | dec/31/2021 |
FBS | no-deposit "trade 100 bonus" | $100 | dec/31/2021 |
FBS | quick start $100 no-deposit bonus | $100 | dec/31/2021 |
forex.Ee | 15 USD welcome no deposit bonus | $15 | dec/31/2021 |
forexchief | no deposit bonus $50 (in indonesian) | $50 | dec/31/2021 |
fortfs | $35 USD no-deposit welcome bonus | $35 | dec/31/2021 |
freshcent | 300 cent bonus "start working with a gift!" | $3 | jan/31/2021 |
freshforex | no deposit bonus $2021 | $2020 | feb/28/2021 |
FX TRB | $50 no deposit welcome bonus (in thai) | $50 | dec/31/2021 |
fxcess | $10 no-deposit email verification bonus | $10 | dec/31/2021 |
fxcess | $15 no-deposit phone verification bonus | $15 | dec/31/2021 |
fxgiants | email verification bonus | $30 | dec/31/2021 |
fxgiants | phone verification bonus | $15 | dec/31/2021 |
fxopen | $1 no deposit bonus for micro accounts | $1 | dec/31/2021 |
fxopen | $10 no-deposit bonus | $10 | dec/31/2021 |
fxoptexgroups | $30 USD free account | $30 | dec/31/2021 |
fxplayer | $100 no-deposit bonus | $100 | dec/31/2021 |
fxprivate | $10 "only for friends" no-deposit bonus | $10 | dec/31/2021 |
fxprocent | $300 cents no deposit bonus | $3 | dec/31/2021 |
FXQM | $30 USD welcome bonus | $30 | dec/31/2021 |
gannmarkets | $30 welcome bonus | $30 | dec/31/2021 |
GICM | $25 no deposit bonus | $10 | dec/31/2021 |
global crypto exchange | subscribe for your 1000 FREE tokens | $100 | mar/20/2021 |
GNT capital | $50 USD trading bonus | dec/31/2021 | |
GOFX | $30 free trading bonus (in thai) | $30 | dec/31/2021 |
heart forex | $100 welcome bonus | $100 | dec/31/2021 |
hexta prime | $30 USD no-deposit bonus | $30 | dec/31/2021 |
instaforex | $3,500 startup no-deposit bonus | $3500 | dec/31/2021 |
IUX market | account open bonus $30 | $30 | dec/31/2021 |
kaje forex | $50 USD welcome no-deposit bonus | $50 | dec/31/2021 |
meefx | welcome bonus 5 USD | dec/31/2021 | |
mitrade | 50 USD trial bonus | $50 | dec/31/2021 |
noble sky | USD 500 reward for login | $500 | dec/31/2021 |
noble sky | welcome new year gift of USD 1000 | $1000 | mar/05/2021 |
PPM PRIME | $40 free to trade no deposit bonus | $40 | dec/31/2021 |
redstonefx | $88 no-deposit bonus | $88 | dec/31/2021 |
roboforex | $30 welcome bonus | $30 | dec/31/2021 |
seven capitals | new year´s exclusive real $100 account | $100 | jan/31/2021 |
SFEX | $50 no-deposit welcome bonus | $50 | dec/31/2021 |
sinosoft FX | trade free with $20 no-deposit bonus | $20 | dec/31/2021 |
superforex | $50 no-deposit bonus | $50 | dec/31/2021 |
templerfx | no deposit bonus 30$ | $30 | dec/31/2021 |
tiomarkets | $25 USD no-deposit bonus | $25 | mar/31/2021 |
tradehall | $50 welcome bonus | dec/31/2021 | |
tradeland | $50 welcome no-deposit bonus | $50 | dec/31/2021 |
traders trust | $100 USD no-deposit bonus | $100 | dec/31/2021 |
unicorn brokers | $50 free bonus for afghanian customers | $50 | dec/31/2021 |
upforex | $100 no-deposit welcome bonus | $100 | dec/31/2021 |
velocity trades | $25 no deposit bonus | $25 | dec/31/2021 |
windsor brokers | free account $30 | $30 | dec/31/2021 |
world forex | $10 or $20 USD bonus | $20 | dec/31/2021 |
world trade investment | $50 no-deposit bonus | $50 | dec/31/2021 |
XM group | $30 no-deposit bonus | $30 | dec/31/2021 |
xtreamforex | $25 no deposit bonus | $25 | dec/31/2021 |
Latest promotions:
Extra promotions:
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Fxtm 50 doller bonus
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Global crypto trading exchange
A safe, secure, regulated and complete cryptocurrency exchange
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Bestforexbonus
FXTRB doesn't seem to have an english website version, or promotion tos for u to translate it.
Regretfully we're unable to find out about exact terms and conditions for this bonus.
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FXTRB - $50 no deposit bonus
New clients only thailand ;
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SFEX - $50 welcome no deposit bonus
When register using a partner’s link ;
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Topfx - $50 no deposit bonus scheme
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40 usd no deposit bonus ! Https://panel.Coinofa.Com/
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Atlasforex - $50 no deposit bonus
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Looking for powefull platform and leveraged crypto trading ? Https://www.Binance.Com/en/register?Ref=*****
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Profitto ltd - $30 USD no deposit bonus
Malaysia and indonesia only ;
bonus end date/time 29th january 2021 11:59:59 GMT +8 ;
https://www.Profittoltd.Com/no-deposit-bonus/
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GEMFOREX - 30,000 JPY no deposit bonus
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Templerfx - no deposit bonus 30$!
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Xm babbling broker. Big scammer rejected my withdrawal 27.90$
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Cooin.Io - $20 crypto no deposit bonus
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Ronex - $20 crypto no deposit bonus
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Gannmarkets - welcome bonus 30 USD
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Https://lirunex.Com/promotion/#iphone
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Milton markets - welcome bonus $50
Withdrawal conditions: 10lots of transactions completed after deposit ;
https://miltonmarkets.Com/promotion/
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Instaforex - $2000 startup no-deposit bonus
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Freshforex - 300 USC no deposit bonus
The promotion is valid from december 11, 2020 to january 31, 2021 ;
https://freshforex.Com/company/news/news_35202.Html
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Xtreamforex | $25 no deposit bonus
Getting ready to start your trading without committing an investment. No deposit bonus for newbies to try out services to start earning profit without risking any of their funds.
Bonus available for philippines clients:- no deposit bonus of amount $25 is available for philippines clients with live trading account with verified status. No need to deposit to claim the bonus.
Easy to claim:- register the live account, verify the trading account. Get the bonus by registering the live trading account.
Start your trading:- after getting the bonus you will able to start your trading to earn more profits with zero investment.
Start date to registration:- no deposit bonus account will start on 7th december 2020 for a limited time.
Maximum leverage is 1:400.
Trading account credited with $25 no deposit bonus is not eligible for commissions and ibrebates.
Trusted forex brokers that offer free VPS
VPS stands for virtual private server and is used to keep a trader’s platform remotely, on its own dedicated remote server. Trades are executed via the server. VPS hosting became a part of the forex trading scene when the ability to do automated trades came about with the introduction of expert advisers or trading robots. Some brokers offer free VPS hosting, while others make a charge. We should point out that forex brokers with free VPS will often have certain requirements that must be fulfilled, in order to take advantage of VPS for free. These usually revolve around account balance or trading volumes. And maybe even both.
In order to help with the decision about whether forex brokers with free VPS are for you, it will help to understand the principles behind VPS hosting and gain a little more understanding of how it all works.
What is VPS hosting and how does it work?
Virtual private server hosting is basically a server within a bigger server. Every website, that is hosted on a virtual private server, has access to more powerful hardware. Server software is setup on a physical machine that has been divided into several virtual compartments. This means that each individual unit can function completely independently. Other websites may be hosted on the same server. But will be the only one in its own special compartment. All server resources such as CPU, disk space, and RAM, will work independently for each compartment. Each website will work completely independently and have no effect on the performance of the others. Think of it as a website in its own special room, with everything it needs to survive in the room with it. You can treat the server as if it were your own dedicated server, with complete control and almost the same benefits as a more expensive dedicated server of your own.
There are, however, some disadvantages with VPS hosting. VPS hosting may be much cheaper than using a dedicated server, but the downside is you still have to share some amenities. Whereas a dedicated server is like owning your own free-standing home. It’s your space, but you are responsible for everything. In order to get the most from a dedicated server, a trader would need to be fairly technically competent. VPS hosting, on the other hand, offers help should there be any problems and you need some support.
How to choose the best forex brokers with free VPS
There are a number of things to look out for if you want to make the most of a forex broker offering free VPS. Finding the best one will bring a number of advantages such as stability, speed, security, and flexible resources. Make sure you look out for the following:
- Multiple data centers or one near your home – this will increase the speed at which orders are executed. An obvious advantage of using VPS for forex.
- Maintenance and security – hopefully this would include firewalls, and also 24/7 monitoring so that downtime is kept to an absolute minimum.
- Pre-installed software or capability to install other trading applications – including your own trading platform, charting software and other automated applications you might be running
- Free trading tools – these include expert advisors and other tools to help improve returns
- Great customer support – preferably 24/7, 365 days of the year. It would also be helpful if there are several methods of communication, including phone, live chat or email.
Are there any benefits to using VPS hosting?
VPS hosting offers a little added protection when trading forex. However, if you’re a manual trader or the amounts you trade are not particularly big, it is possible to trade safely and securely without a forex VPS.
On the other hand, if your strategy is automated and your trading platform needs to be running twenty-four hours a day, considering a reliable VPS service, whether free or a paid-for service, is recommended. Let’s give you a few examples of when a VPS will come in handy:
- When you have a power outage or your mobile phone battery runs out
- You lose your internet connection
- One of the kids decides to come over and say hello and shuts down your computer by mistake.
When trading with the assistance of an expert adviser, on any trading platform, it is vital that the trading platform is operational day and night. Any slight interruption, whether it’s a loss of connection, or simply a millisecond delay between the order leaving your PC and arriving at the broker’s terminal, could prove very costly. A VPS is a standalone machine that is always online. It can independently reboot at any time, and its servers can be accessed from anywhere.
VPS services rarely cost more than $50 per month, but there are a number of brokers who offer this type of service at a discount, or best of all, completely free.
Trading advantages of roboforex forex broker
No limits in providing outstanding benefits to roboforex clients.
- Tight spreads
from 0 pips - Fastest order
execution - 4 account currencies
(EUR, USD, CNY, GOLD) - Micro accounts with the
minimum lot size of 0.01 - 8 asset
classes - Affiliate program
50% profit sharing
Roboforex bonus programs
Roboforex provides for its clients best promotional offers on financial markets.
Start trading with roboforex now and unleash the powerful benefits!
Profit share bonus
up to 60%
- Bonus up to 20,000 USD.
- Can be used during "drawdown".
- Deposit from 10 USD.
- Withdraw the profit received when trading your own funds.
Get bonus
Classic bonus
up to 120%
- Bonus up to 50,000 USD.
- Сan’t be used during "drawdown".
- Deposit from 10 USD.
- Trade with bonus funds and withdraw the profit.
Get bonus
Cashback (rebates)
up to 15%
- Receive cashback for the trading volume of just 10 lots.
- Available for all verified clients.
- Receive real money as cashback and withdraw it instantly.
Learn more
Up to 10%
on account balance
- Payments for the trading volume starting from 1 lot.
- No restrictions: withdraw instantly.
- Receive % on account balance every month.
Learn more
Account types
- First deposit
- Execution type
- Spreads
- Instruments
- Bonuses
- Platforms
Pro-standard
The most popular account type at roboforex, which is suitable for both beginners and experienced traders.
Prime
"prime" accounts combine all best features of ECN accounts and are suitable for advanced traders.
Pro-cent
Pro-cent accounts provide an opportunity to trade micro lots and is best suitable for beginners, who want to test our trading conditions with minimum investments.
ECN account type is intended for professionals, who prefer the best trading conditions with tight spreads.
R trader
R trader is a multi-asset web platform, which combines modern technologies, a classic but taken to a new level design, and access to the world’s major financial markets.
- First deposit 100 USD
- Execution type market execution
- Spreads floating from 0 points
- Instruments over 12,000 stocks, indices,
forex, etfs, cfds, cryptocurrencies - Bonuses not available
- Platforms R trader - web platform
By opening a demo account at roboforex, you can test our trading conditions - instruments, spreads, swaps, execution speed - without investing real money.
- First deposit not required
- Execution type market execution
- Spreads depends on type of account
- Instruments depends on type of account
- Bonuses limited number of offers
- Platforms
depends on type of account
Trading platforms
The most popular platform for trading on the forex market, which includes a knowledge database, trading robots, and indicators.
- 3 types of order execution
- 9 time frames for trading
- 50 integrated indicators for technical analysis
- Variety of order types
The latest version of metatrader platform with an opportunity to choose between netting and hedging systems.
- 4 types of order execution
- Multi-currency tester
- Market depth
- 6 types of pending orders
Roboforex trading platforms
For those traders who prefer to be always on the move we present exclusive roboforex trading platforms: webtrader and mobiletrader.
- Trade from any browser or mobile device (ios, android).
- Get the same functionality as on desktop platforms.
- Control your positions and orders from any place in the world.
Multi-asset web-based trading platform with the fastest in the industry financial charts and advanced technical analysis tools.
- Over 12,000 stocks, indices, FX, etfs, cryptocurrencies.
- Minimum deposit: 100 USD.
- Trading robots builder. No programming skills required.
Trading platforms center
Exclusive trading platforms
For those traders who prefer to be always on the move we present exclusive roboforex trading platforms: webtrader and mobiletrader.
Security of client's funds
Your funds are fully secured when you trade with roboforex.
- Regulated activities: IFSC license
no. 000138/107 - Negative balance
protection - Participant of the financial
commission compensation fund - Execution quality certificate
start trading now
8 asset classes
Discover the world’s key markets through roboforex accounts and platforms.
Forex
We offer transparent and reliale access to trading FX with more than 40 currency pairs
Forex trading benefits
- Institutional spreads from 0 points
- Metatrader4, metatrader5, ctrader, R trader platforms
- Leverage: up to 1:2000
- Fastest execution possible
read more
Stocks
Access to more than 12,000 stocks through R trader platform and more than 50 via metatrader 4/5 terminals
Stocks trading benefits
- Minimum deposit: 100 USD
- Free stock exchange market data online
- Leverage: up to 1:20
- Metatrader4, metatrader5, R trader platforms
read more
Indices
In its most regularly traded format, an index is defined as a portfolio of stocks that represents a particular market or market sector
Indices trading benefits
- Metatrader4, metatrader5, R trader platforms
- Tight spreads - no mark up
- Leverage: up to 1:100
- Over 10 instruments
read more
Trade fast-growing global ETF industry with over $3 trillion in assets in management
Etfs trading benefits
- Minimum deposit: 100 USD
- R trader platform
- Leverage: up to 1:20
- Сorporate events supported and handled by the system automatically
read more
Soft commodities
Trade etfs on grown commodities such as coffee, cocoa, sugar, corn, wheat, soybean, fruit
Soft commodities trading benefits
- Minimum deposit: 100 USD
- R trader platform
- Over 100 instruments
- Leverage: up to 1:20
read more
Energies
Trade cfds and commodity etfs on energy market including oil, natural gas, heating oil, ethanol and purified terephthalic acid
Energies trading benefits
- Tight spreads
- Metatrader4, R trader platforms
- Ideal instrument for day traders
- Minimum deposit: 10 USD
- Leverage: up to 1:100
read more
Metals
Trade cfds and commodity etfs on precious metals including gold, platinum, palladium, silver as well as gold/dollar and silver/dollar pairs.
Metals trading benefits
- Hedge against political instability and dollar weakness
- Minimum deposit: 10 USD
- Metatrader4, metatrader5, ctrader, R trader platforms
- Leverage: up to 1:1000
read more
Cryptocurrencies
Bitcoin, litecoin and ethereum proved to have great potential for investment and speculation
Cryptocurrencies trading benefits
- Metatrader4, metatrader5, R trader platforms
- Over 20 cryptoinstruments
- Leverage: up to 1:50
- Trading 24/7
read more
0% commissions
When our clients deposit their trading accounts, the commission is always 0%. Roboforex covers all expenses. Choose the payment system according to your convenience, not cost effectiveness.
Roboforex also compensates its clients' commission for funds withdrawal twice a month.
Instant withdrawals
- Automatic withdrawal system: withdrawals within a minute for certain payment methods
- System works 24/7
- Simple, reliable, and fast
More than 20 ways to deposit funds
Become an investor on forex
For easy short-term investments
- Choose among over 1,000 traders.
- Get detailed statistics on trader's performance.
- Unsubscribe at any time.
Copyfx platform will be perfect for those, who search for a simple but reliable way to invest on forex.
Roboforex market analytics
Forex analytics
Fibonacci retracements analysis 29.01.2021 (BITCOIN, ETHEREUM)
EURUSD is under pressure again. Overview for 29.01.2021
Ichimoku cloud analysis 29.01.2021 (NZDUSD, USDJPY, USDCAD)
Economic calendar
Exclusive market analytics
Claws & horns is an independent analytical company providing brokers with a set of necessary analytical tools.
Fxwirepro™ is a leading analytical company, which provides the participants of financial markets with research reports in the real-time mode.
Company news
Roboforex: changes in trading schedule (martin luther king jr. Day)
Roboforex: changes in trading schedule (christmas and new year holidays)
Roboforex received prestigious awards of the financial sector
Winner of more than 10 prestigious awards
Roboforex was recognized by the most respected experts of the financial industry.
More than 800,000 clients from 169 countries.
Best investment products (global)
Best partnership program (LATAM)
Most trusted
broker
Most transparent
asian forex broker
Best global mobile
trading app
Best broker
of the CIS
Official sponsor of "starikovich-heskes" team at the dakar 2017
Experienced racers with more than 60,000 off road kilometers in europe, africa, and australia under their belt.
Official sponsor of muay thai fighter andrei kulebin
A many-time thai boxing world champion, an experienced trainer, and an honored master of sports.
Roboforex ltd is an international broker regulated by the IFSC, license no. 000138/107, reg. Number 128.572.
Risk warning: there is a high level of risk involved when trading leveraged products such as forex/cfds. 58.42% of retail investor accounts lose money when trading cfds with this provider. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. When trading or investing, you must always take into consideration the level of your experience. Copy-trading services imply additional risks to your investment due to nature of such products. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice. Roboforex ltd and it affiliates do not target EU/EEA clients. Roboforex ltd and it affiliates don't work on the territory of the USA, canada, japan, australia, bonaire, curaçao, east timor, liberia, saipan, russia, sint eustatius, tahiti, turkey, guinea-bissau, micronesia, northern mariana islands, svalbard and jan mayen, south sudan, and other restricted countries.
At roboforex, we understand that traders should focus all their efforts on trading and not worry about the appropriate level of safety of their capital. Therefore, the company took additional measures to ensure compliance with its obligations to the clients. We have implemented a civil liability insurance program for a limit of 5,000,000 EUR, which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.
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All rights reserved.
forex no-deposit bonuses 2021
nodeposit bonus | bonus | valid till |
---|---|---|
7bforex | no-deposit bonus | $25 | dec/31/2021 |
AGEA | $5 no-deposit bonus | $5 | dec/31/2021 |
almahfaza | phone verification bonus (in arabian) | $50 | dec/31/2021 |
arum trade | “first investment” no-deposit bonus | $30 | dec/31/2021 |
atlasforex | $50 USD no-deposit bonus (in japanese) | $50 | jan/31/2021 |
bityard | beginner rewards | 4 USDT | dec/31/2021 |
bullseye markets | $25 USD no-deposit bonus | $25 | dec/31/2021 |
bybit | $10 registration bonus | $10 | dec/31/2021 |
bybit | social media bonus | $5 | dec/31/2021 |
bybit | survey bonus | $5 | dec/31/2021 |
cfmerchants | $50 welcome no deposit bonus | $50 | dec/31/2021 |
corsa capital | $100 no-deposit fixed welcome bonus | $100 | dec/31/2021 |
cube global | $20 no-deposit bonus | $20 | dec/31/2021 |
CWG | hi account! $50 USD no-deposit bonus | $50 | dec/31/2021 |
elite fin FX | free $20 no-deposit bonus | $20 | dec/31/2021 |
emporio trading | $30 USD no-deposit bonus | $30 | dec/31/2021 |
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FBS | no-deposit "trade 100 bonus" | $100 | dec/31/2021 |
FBS | quick start $100 no-deposit bonus | $100 | dec/31/2021 |
forex.Ee | 15 USD welcome no deposit bonus | $15 | dec/31/2021 |
forexchief | no deposit bonus $50 (in indonesian) | $50 | dec/31/2021 |
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FX TRB | $50 no deposit welcome bonus (in thai) | $50 | dec/31/2021 |
fxcess | $10 no-deposit email verification bonus | $10 | dec/31/2021 |
fxcess | $15 no-deposit phone verification bonus | $15 | dec/31/2021 |
fxgiants | email verification bonus | $30 | dec/31/2021 |
fxgiants | phone verification bonus | $15 | dec/31/2021 |
fxopen | $1 no deposit bonus for micro accounts | $1 | dec/31/2021 |
fxopen | $10 no-deposit bonus | $10 | dec/31/2021 |
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fxplayer | $100 no-deposit bonus | $100 | dec/31/2021 |
fxprivate | $10 "only for friends" no-deposit bonus | $10 | dec/31/2021 |
fxprocent | $300 cents no deposit bonus | $3 | dec/31/2021 |
FXQM | $30 USD welcome bonus | $30 | dec/31/2021 |
gannmarkets | $30 welcome bonus | $30 | dec/31/2021 |
GICM | $25 no deposit bonus | $10 | dec/31/2021 |
global crypto exchange | subscribe for your 1000 FREE tokens | $100 | mar/20/2021 |
GNT capital | $50 USD trading bonus | dec/31/2021 | |
GOFX | $30 free trading bonus (in thai) | $30 | dec/31/2021 |
heart forex | $100 welcome bonus | $100 | dec/31/2021 |
hexta prime | $30 USD no-deposit bonus | $30 | dec/31/2021 |
instaforex | $3,500 startup no-deposit bonus | $3500 | dec/31/2021 |
IUX market | account open bonus $30 | $30 | dec/31/2021 |
kaje forex | $50 USD welcome no-deposit bonus | $50 | dec/31/2021 |
meefx | welcome bonus 5 USD | dec/31/2021 | |
mitrade | 50 USD trial bonus | $50 | dec/31/2021 |
noble sky | USD 500 reward for login | $500 | dec/31/2021 |
noble sky | welcome new year gift of USD 1000 | $1000 | mar/05/2021 |
PPM PRIME | $40 free to trade no deposit bonus | $40 | dec/31/2021 |
redstonefx | $88 no-deposit bonus | $88 | dec/31/2021 |
roboforex | $30 welcome bonus | $30 | dec/31/2021 |
seven capitals | new year´s exclusive real $100 account | $100 | jan/31/2021 |
SFEX | $50 no-deposit welcome bonus | $50 | dec/31/2021 |
sinosoft FX | trade free with $20 no-deposit bonus | $20 | dec/31/2021 |
superforex | $50 no-deposit bonus | $50 | dec/31/2021 |
templerfx | no deposit bonus 30$ | $30 | dec/31/2021 |
tiomarkets | $25 USD no-deposit bonus | $25 | mar/31/2021 |
tradehall | $50 welcome bonus | dec/31/2021 | |
tradeland | $50 welcome no-deposit bonus | $50 | dec/31/2021 |
traders trust | $100 USD no-deposit bonus | $100 | dec/31/2021 |
unicorn brokers | $50 free bonus for afghanian customers | $50 | dec/31/2021 |
upforex | $100 no-deposit welcome bonus | $100 | dec/31/2021 |
velocity trades | $25 no deposit bonus | $25 | dec/31/2021 |
windsor brokers | free account $30 | $30 | dec/31/2021 |
world forex | $10 or $20 USD bonus | $20 | dec/31/2021 |
world trade investment | $50 no-deposit bonus | $50 | dec/31/2021 |
XM group | $30 no-deposit bonus | $30 | dec/31/2021 |
xtreamforex | $25 no deposit bonus | $25 | dec/31/2021 |
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Start your trading:- after getting the bonus you will able to start your trading to earn more profits with zero investment.
Start date to registration:- no deposit bonus account will start on 7th december 2020 for a limited time.
Maximum leverage is 1:400.
Trading account credited with $25 no deposit bonus is not eligible for commissions and ibrebates.
Expose what is the meaning of forex no deposit bonus. You gain a real forex trading account with original money on it no deposit required from your side
Youвђ™re probably interested in forex live trading. It is a good way to increase your wealth if you have the right skills and knowledge about the industry as a whole. However, itвђ™s worth to mention that there are a lot of pitfalls in forex trading. If you fail to become an expert in trading before investing large sums of money in it, you may be leading yourself towards financial ruin.
Now, sure, you have read dozens of articles on forex and how to make a profit on it. You have seen dozens of people talk about their immense fortunes earned by trading. What you havenвђ™t seen is thousands of people who only suffered losses when they started trading. Donвђ™t become one of them, trade with skill.
You canвђ™t get experience unless you fail. But how do you get trading skills if you donвђ™t want to lose your own money to learn? The answer is to get a no deposit forex bonus on a forex trading platform.
It is a free bonus (no deposit required) with no deposit required and no strings attached. You just have to register to get anywhere from $30 to $500 for free to get you started in trading. Make sure you don't waste the money and work hard to learn the basics.
Is bonus with no deposit on forex a scam?
While the industry has seen some fraudulent projects, most places that offer trading bonuses with no deposit are trustworthy. The thing is there are so many trading platforms that they have to compete against each other to win new paying customers. Giving away some free money for you to learn how to trade is only beneficial for them.
Profit from their offers. Browse the list of trading platforms that offer no deposit bonuses and chose the most beneficial option fo you.
Forex no deposit bonus is risk free and deposit free bonus. You don’t need any deposit, the broker will give you bonus after opening a new account. Just you need to register with a forex broker and verify your account. Then you can start your live trading.
This how forex broker makes their potential client. Forex broker utilizes no deposit bonuses to pull in new customers, particularly in the event that they are new brokers, to expand their demographic as quickly as conceivable which is the reason they offer such free rewards.
Presently, forex trading becoming more popular, so there are too many traders and they want to start deposit free welcome mean no deposit bonus. Luckily, there is various forex broker offering no deposit bonus for beginners. They offer amazing bonuses, often $5 USD to 100 USD.
How free bonus is important?
Most of the brokers offering bonus. In any case, the greater part of them is unregulated. They are doing it is a great way to find new clients and they can’t find another good way. But regulated forex broker is good they offer some good bonuses for a newbie to familiar with live trading and their trading platform. We reviewed unregulated forex broker offer a free bonus with too many conditions and trading period is very short like 15 days, 20 days maximum 30 days, also you can’t withdraw the bonus, you have to trade required standard lot volume within a short time. Also, you fell trouble with leverage, the maximum amount of withdrawing and withdrawal method and other things. Then?
However, forex free reward is significant for currency traders. A regulated broker always offers a good bonus with some easy conditions to familiar with them. I think finding a trustable broker is important, so a beginner can join with a regulated broker bonus and they have to check some important factors like leverage, speared, fees and commissions and other things. One other thing is a security issue and trading platform.
So you already got it free bonus is important and joining with a regulated broker is better.
In this case, if you are a newbie in this forex trading market, obviously you can start with a free no deposit bonus. Forex is an extremely entangled and professional market, you need some experience to success on trade. In this case, if you are new in the FX market, utilizing a free reward can enable you to make some profit and increase some knowledge on how the market actually work you can make money more.
When you get familiar with your way (strategy, techniques), you don’t need the free reward again. You'd have the option to trade and make plenty of benefits by live trading. Moreover, experience traders, sometime takes a free bonus to multiply their profit and test a new strategy.
Terms and conditions for free forex bonuses
The different broker set different terms and conditions. There are a lot of terms and conditions in a free bonus, some terms and conditions are really hard. Like you have to trade a certain number of standard lot volume to withdraw profit. But there have also some good trader they regularly making money with this free bonuses. They use tricky techniques, they always hunt bonus presenting a website to choose an amazing bonus. The choose bonus then joins, start trading make some money, and build up their special strategy.
On the other hand, some other brokers will give you one time to withdraw conditions. Some will ask to deposit for withdrawing and some will say to start live trading and internal transfer your amount.
Discover more about the free bonuses
You have learned a lot already from here, but sometimes beginner asks some question us this like:
Is forex free bonus is a welcome bonus?
Actually, most of the time broker gives the bonus after joining with them so you can say it is forex welcome bonus.
Also, some reputed broker gives a bonus to their old clients and new clients, its deposit bonus like a 20% deposit bonus. Example: a trader after deposit $100 the broker will give $20 and the trader will able to trade with $100.
Does forex broker give no deposit bonus without verification?
Yes! Usually, a broker doesn’t provide the free bonus without verification. First things you need to fill-up at least your name and email, you have to confirm your email id for the complete creation of account.
Usually, the broker wants some individual data like ID card, passport or utility document after opening or before withdrawing profit.
But sometimes it happens that forex broker offers no deposit bonus without any verification.
Can I make money with a free bonus?
Why not? The broker gives the bonus to trade on the real market. It totally depends on you, if you can make some profit it’s obviously yours. But we suggest free bonus for newbie and learn something and for familiar with real market trading and for preparing themselves for the future.
So you can make with free bonus and withdraw it after meeting the terms and conditions.
What is the best thing in a free bonus?
The best thing is if you have a no fund you can start live trading, you can learn new thing and if you can make some profit further you can trade it with a forex deposit bonus that will boost your trading capital.
So you have to start with a free bonus wisely.
Conclusion
Forex no deposit or deposit free trading bonus is a kind of blessing for a newbie, they can start live trading with it easily. Here is some good opportunity will help you to take a decision to choose a free bonus.
- You can start live trading without any deposit
- You can change your broker platform of a broker
- You can earn some money and grow your confidence
You can change your trading instruments (currency pair, stocks, indices, share, commodities, and crypto currency)
You can start trade without pressure and risk free
You can develop your trading plan, strategy, and pattern
So you may say the free bonus is a really good opportunity to learn real forex trading, familiar with live trading environment and prepare yourself to take the challenge (forex trading contest)
Forex broker free
Deposit bonus – A bonus on funding a live account. The bonus credited on percentage of the deposit amount.
No deposit bonus – free bonus on account registration for the new clients to trade live without any risk.
Tradable bonus: A deposit bonus that can be lost and traded as the part of your trading equity.
Volume bonus – most common type of deposit bonus, it allows you to increase your trading volume. Often the bonus can be cashed on trading lot requirement.
Forex gift – A gift for the clients for completing certain requirements, everything from bonus to latest gadget
Freebies – free stuff by forex brokers like ebook, courses, trading materials etc.
Rebate – cash-back withdrawable bonus on each lot traded.
Demo contest – contests held on demo account, win cash/tradable money with no-risk involve!
Live contest – contest held on live account, deposit requires. Win bigger cash/prizes.
Refer – a-friend– refer your friend to your broker, when your friend deposit you will get a special bonus
Free signals – get free trading signals from the broker.
Free VPS – get access to an optimized forex virtual private server for free on maintaining a certain amount of trading balance.
Binary options – binary bets trading on forex instruments
Forum posting: get a small trading bonus for each of your post in forms.
3 affiliate IB: receive a commission from your fellow traders, specially design for the marketers.
Draw bonus: the winners chosen by a draw
Seminars webinars: find the schedule to participate in the online/offline events.
Expos events: inviting to attend the forex events & expos globally.
Fxdailyreport.Com
Till about a decade ago, you had to make use of the telephone if you wanted to invest in the financial markets. You had to call up your broker for placing as well as closing orders. Introduction of online trading has, however, simplified every aspect of the investment process. You can carry out trades from the convenience of your home or on-the-go using the platform provided by brokers. Sounds simple, but the problem is there are umpteen number of forex brokers that offer trading platforms out there in the market. And, you need to work with the best forex broker if you want to achieve your financial goals. So, it all boils down to identifying the right broker to work with and it is definitely not an easy task. Read on to find out as to how you can identify the best forex brokers. In this post, various aspects you need to take into consideration when choosing a forex broker are discussed in detail so that the selection process becomes simpler and easier for you.
Top recommended and the best forex brokers for 2021
Broker | info | bonus | open account |
---|---|---|---|
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec | 50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. | Visit broker | |
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC | $100 no-deposit bonus, 100% deposit bonus | visit broker | |
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize | “50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program” | visit broker | |
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN | 35% of the account deposit | visit broker | |
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA | visit broker | ||
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202 | visit broker | ||
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK | visit broker | ||
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC | visit broker | ||
min deposit: $10 spread: leverage: regulation: cysec | - | visit broker | |
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec | visit broker | ||
min deposit: $100 spread: starting 0 pips leverage: up to 500:1 regulation: FCA UK, ASIC australia, MAS singapore | visit broker | ||
min deposit: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS | 30% forex deposit bonus | visit broker | |
min deposit: $250 spread: as low as 0.1 pips leverage: up to 400:1 regulation: ASIC australia and FCA UK | visit broker | ||
min deposit: €100 spread: the spread can be as low as 0.01%” (0.01% = spread for EUR/USD) leverage: 1:294 regulation: ASIC, cysec, FCA (UK) | visit broker | ||
min deposit: $100 spread: starting from 0.9 pips leverage: 400:1 regulation: MIFID, FSB & ASIC | visit broker |
Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Main parameters to be checked for identifying the best forex brokers:
#1: regulations and licenses
It is highly recommended that you choose only forex brokers that are regulated or authorized by leading regulatory bodies such as commodity futures trading commission (CFTC), national futures association (NFA) and financial conduct authority (FCA in UK), among many others. This is because regulated brokers are more reliable than their non-regulated counterparts. Further, your hard earned money remains safe with such brokers for two reasons: they will be appropriately capitalized and they maintain segregated accounts for theirs as well as traders’ funds.
#2: forex trading platform
The online trading platforms that recommended forex brokers provide would not only be simple, but also intuitive and easy to operate or navigate. It, therefore, makes sense to try out a few online forex platforms and see for yourself as to which one has a better user interface and is easily navigable.
#3: customer support services
Customer support is a key aspect that you need to evaluate. Best fx brokers would often be aware of the needs of the traders and provide good, efficient and responsive customer support services. During the course of trading forex on an online broker’s platform, there will be times when you need certain time sensitive clarifications. If the customer support service of the broker you are planning to work with is not good enough, you could end up losing money. It is, therefore, recommended that you evaluate the brokers’ customer support service both by speaking to their representatives on telephone and by communicating with them through email.
Leverage offered for forex trading varies from one broker to another. If the leverage is high, the trader can make more profits. However, the risk of accumulating losses is also equally higher. Therefore, you should choose a broker that offers leverage suiting to your needs and based on your style of trading.
Brokers often try to attract you by offering high capital bonuses when you make your first deposit. This is good because you get more money for trading. You can choose the broker that offers the highest first deposit bonus, but you should make sure other aspects discussed above and those that are discussed below suit your needs.
#6: deposits and withdrawals
It is important that you understand the brokers’ policies related to deposits and withdrawals. The features to be evaluated when choosing top forex brokers are minimum amount to be deposited to start trading, deposit methods offered, currency options provided, minimum withdrawal amount specified and waiting time for withdrawals, among others. Further, it makes sense to go through all other written policies in detail.
Brokers make money by charging a fee for each of the trading transactions that you execute on the forex trading platform provided by them. As far as the broker and you are concerned, the significant source of revenue would be the spread, the difference between ask and bid prices. It pays, therefore, to check as to how the brokers you have shortlisted handle spreads:
Do they offer fixed or variable spreads?
What is the average and maximum spread for the currency pairs that you are planning to trade?
What spreads are offered when the volatility is very high?
Do you have to pay any commission for each trade apart from the spread?
Before buying a car, you always go for a test drive. Similarly, look for forex brokers that offer demo accounts. This helps you to open a practice account. You can try out their platform and find out for yourself as to which of the shortlisted brokers is best suited to your requirements. Most brokers offer practice accounts these days. So, it is easy for you to get a feel of the brokers’ platform before committing to depositing money and trading.
#9: other parameters for identifying the best forex brokers
The forex brokerages that offer very low account minimums can be considered for evaluation under the category “best forex brokers”. This is good because you don’t have to deposit large amounts of money in order to trade forex. Minimum account balance can be as low as $5 in the case of some of the reliable forex brokers.
Online forex brokers often try to snatch business through promotions. Do not fall prey to their sales gimmicks. Best forex brokers would never make unbelievable and unachievable promotional offers. It is true that cash and prizes form part of the game, but they should be reasonable.
Another aspect to look for when evaluating online forex brokers is the educational services offered by them. This helps you to master the art of forex trading. Brokers that provide you with a variety of educational tools for assisting you in assessing the forex market are the best forex brokers to work with.
Why expert traders trade with regulated forex brokers
If you’re looking to become a successful forex trader, then working with a skilled and trustworthy broker is very crucial. In the forex market, the two main types of brokers you’ll get include the regulated and the non-regulated brokers. Obviously, the former typically operates under regulations stipulated by a forex regulator. Regulated forex brokers must also be fully licensed and registered in their country of operation, unlike their non-regulated counterparts.
Role of regulation
Of course, the role of regulation in forex market cannot be underestimated. Regulation ensures that all players in this booming industry are strictly supervised. This way, merchants are protected from the many unscrupulous traders out there looking to swindle them off their hard earned money. Another thing, regulation also builds trust between merchants and their brokers, since most merchants don’t have enough time to monitor every investment.
Let’s take a quick look at some of the leading regulatory agencies:
- CFTC and NFA: commodity futures trading commission and national futures association, regulate the financial services sector in united states of america (USA).
- Cysec: the cyprus securities and exchange commission is the regulatory watchdog within the cysec domain. It offers services to the EU member states.
- FCA: the financial conduct authority regulates the operations of over 56,000 financial services and companies in the UK.
- ASIC: the australian securities and investment commission regulate the financial services sector in australia.
- FSB: the financial services board is a south african agency which oversees functioning, regulation, and licensing of south african forex brokers.
- Bafin: bafin is a financial supervisory authority providing its services to forex companies in germany.
Advantages of regulated forex brokers
With regulated brokers, you’ll always have some peace of mind when carrying out your real-money transactions. To expound more, here are the main reasons why expert traders prefer regulated brokers:
1. Credibility
It’s an open secret that most of us like to deal with trusted organizations, especially when money is involved. That being said, the credibility of any forex broker is greatly enhanced if the company is regulated by the relevant agencies. Remember that all regulated forex brokers are mandated to follow some strict rules put in place by their respective regulatory bodies. Furthermore, their regulatory bodies expect them to regularly present a copy of their audit report. Therefore, if a broker is listed on its regulatory body list, then it’s safe to say that the forex broker has fully complied.
2. Compensation
Getting compensated in case of any unfortunate scenario is arguably the best reason why most expert traders opt for regulated brokers. With most regulated brokers, you can rest assured that all your hard earned money will be refunded in case your brokerage firm goes down. For example, brokers operating under cysec are required to remit their contribution to the ICF (investor compensation fund). This pool of funds is to help settle any form of customer claims in case of any eventuality.
3. Effective customer service
Before choosing a forex broker, it’s always recommended that you settle for one who can effectively and immediately resolve all customer issues. In this case, most regulated brokers are always competent enough when dealing with technical support or account issues. In addition, they are very helpful and kind during the whole account opening process.
4. Quick deposits and withdrawals
Any reputable forex broker will allow their merchants to make deposits and withdrawals without any hassle. A regulated broker should have no reason whatsoever to make your earnings process difficult because they don’t have control over your funds. All they have to do is to facilitate the platform to make it convenient enough for you to trade.
5. Updated trading platform
Most regulated brokers are mandated by their respective regulatory authorities to provide their clients with the latest, powerful, and easy-to-use trading platforms. In fact, most of their platforms will readily provide you with all that you need to begin trading immediately. You’ll get a lot of educational materials including webinars, videos, articles, seminars, and e-courses at no extra charge. It goes without saying that regulated brokers also offer their clients free demo accounts to help them sharpen their skills before going live.
6. Legality
All over the world, governments are struggling to deal with issues concerning money laundering. Some of them have even gone ahead to pass very strict anti-money laundering laws. So to be on the safe side, you should always trade with a regulated broker. Most regulated forex brokers will ask you to provide some of your personal identification documents such as proof of address and photo ID. This might sound tedious to you but it’s always safe to be part of a regulated organization that can prove your money is being used in a legal way.
To sum it up, regulated forex brokers are always the best as well as the safest option to trade with. This is because they are always ahead in terms of legality, security, and safety of your funds. All in all, you can manage your risks better if you opt for a regulated forex broker.
Understanding true ECN vs STP broker
The foreign exchange market, also known as currency market, is a universal decentralized market that provides traders an opportunity to trade currencies. It is a market which incorporates all aspects of buying, selling, and exchanging currencies at the present-day or determined rates.
There are different kinds of forex brokers that you can choose to trade forex with. However, though all the brokers in forex are intended to provide a similar basic solution, the way they operate behind the scenes is different. Different types of brokers have varying techniques of operation, and the specific broker you cooperate with can significantly determine your success rate as a forex trader. Here are some crucial factors that will enable you determine which broker between a true ECN and STP broker is the best one to trade forex with:
Understanding true ECN vs STP broker
True ECN i.E. Electronic communications network brokers operate without their individual dealing desk. These brokers provide an electronic trading platform where professional market makers at monetary organizations such as banks, and other online trading participants including traders can enter bids and offers through their particular systems.
STP i.E. Straight through processing brokers are brokers without a dealing desk also. These brokers apply some of the techniques utilized by market makers to provide their particular clients with trading conditions which are more flexible. By STP brokers hiring some of the tactics of market makers, they are able to bypass the limitations connected to trading exclusively within the interbank market.
General overview of true ECN and STP brokers
- Use of scalping techniques
True ECN and STP forex brokers do not care about how much their particular traders make. Therefore, these types of brokers allow traders to utilize scalping techniques to close their respective positions. Note that false ECN and STP brokers cannot allow you to use scalping techniques as a trader since they will be disadvantaged anytime you make small profits.
True ECN and STP brokers are types of forex brokers without a say when it comes to control on spread provided. These brokers have no control on spread offered since it’s the liquidity provider that determines the spread which is to be provided.
Though true ECN and STP brokers can add markups when necessary, they cannot in any way take it further down than the amount provided.
Difference between true ECN and STP brokers
- Commission charged
On true ECN accounts, as a trader you will be required to pay a fixed commission to open and close trades. The spreads offered on true ECN accounts are determined by the rates of liquidity providers.
When using STP accounts as a trader, you will not be required to pay any commissions.
Pros of trading forex with a true STP broker
- Cannot bankrupt themselves
True ECN brokers cannot trade against their specific clients to bankrupts themselves.
- Similar price rates
If you are a forex trader, trading with a true ECN broker means you are guaranteed of price rates that are similar to those of the interbank market.
- Negative balance protection
As a trader utilizing the trading account of a true ECN broker, the broker will be accountable for any dues with liquidity providers should your account read negative as a result of any reason beyond their control.
Cons of choosing a true ECN broker
Dealing with a true ECN broker will require you to pay rollover fees and commission at times.
Pros of trading forex with an STP broker
- Their rates and the interbank prices are same
- They provide their clients low entry capital requirements
Cons of choosing an STP broker
Choosing an STP forex broker means when you enter a trade you’ll not be informed what spread to expect.
Most true ECN and STP brokers are linked to several liquidity providers at the same time period. Despite both true ECN and STP brokers having incredible trading solutions which can meet your needs as a trader, their terms of operation vary. Whether you will choose a true ECN or STP broker, the rule of thumb is always ensuring you minimize losses and maximize profits as much as you can when trading forex. Ensure you compare carefully the terms of service of both a true ECN and STP broker before you choose one to handle your trading needs.
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