Feb 05, 2024 14:39
Looking for a risk-free way to start Forex trading and a Forex no deposit bonus? You came to the right place! You will learn what they are, how they work, and where to find the best forex no deposit bonuses with our ultimate guide!
Firstly, traders would have to set up a brokerage account with a broker. A forex broker, also known as a retail forex broker, is a financial services company that provides traders access to a platform for buying and selling foreign currencies. In other words, the forex broker acts as the middleman, and the broker’s job is to connect a buyer and seller. Individual forex buyers and sellers cannot transact directly because forex trades are conducted on the interbank OTC foreign exchange market. Therefore, a Forex broker plays an important role especially when the forex trading craze has become a global phenomenon.
People decide to give Forex trading a try and wonder if it is possible to start making money in the foreign exchange markets without investments. After all, the lack of trading prudence, basic experience, understanding, and good strategies led to 80% of beginners losing 100% of their first 2-3 deposits. Therefore, the best option is to use a no deposit Forex bonus. Most brokers offer it in certain forms, and it may go by different names depending on the broker. For example, some brokers call a no deposit bonus a “welcome bonus” or “welcome reward.” These bonuses vary in terms of type, conditions, and size, but the bottom line remains the same.
As the name suggests, forex no deposit bonus is a free, first deposit provided by the forex broker, allowing traders to start trading without risking their own capital. It is also a unique marketing strategy used to entice new traders to create a trading account. Rather than providing new traders with a demo account, they deposit credit into a live account to experience trading immediately. The no deposit Forex bonuses are usually a small amount in the range of $5 USD to $30 USD, but some reach $1000 USD or more! There is no monetary risk involved. In addition, any profits earned will be entirely yours if you follow the terms and conditions set. No deposit bonus is popular in South Africa, Malaysia, and Indonesia. However, it is not eligible to the US, EU, and certain other jurisdictions.
This article will be your guide to a few of the best no deposit bonus brokers in Asian countries. So let’s check them out!
JustForex is a retail brokerage company that provides traders with access to international financial markets and offers outstanding trading conditions in the following account types: Standard Cent, Standard Pro, and Raw Spread. It is founded by GM Group Limited in 2012, offering traders a wide array of trading instruments, a leverage up to 1:3000, tight spreads, market news, and economic calendar. JustForex is one of the most reliable brokers in the forex trading market despite not winning any awards. It has received a 4.7 out of 5 ratings based on JustForex reviews on Trustpilot. JustForex offers $30USD welcome bonus for users of a special account type “Welcome.” This bonus is only available for Asian countries which is valid from June 7 to September 30, 2021. Besides, JustForex does not offer services to residents in certain jurisdictions, including the United States of America, Japan, the United Kingdom, the EU, and EEA, including Belgium. Applying for the $30 USD bonus is simple. All you have to do is click here to register in the back office, open a Welcome Account and start trading!
JustForex’s $30USD bonus at the homepage (Sourced from JustForex’s official website)
Existing clients cannot open a Welcome Account
The client can only receive the welcome bonus once, and one client is limited to open one account only. If the company finds out that a client holds multiple accounts, the accounts will be permanently blocked, and funds will be withheld.
Verification via phone number must be done while creating the Welcome Account.
The Welcome Account is swap-free for Muslims only.
The trading terms applied are the following:
Trading instruments: FX currency pairs and metals;
Account currency: USD;
The maximum order volume per one position: 0.01 lot;
The maximum number of positions opened (Including pending orders) at the same time: not more than 5;
Robots (Expert Advisors) are prohibited.
A client must trade at least 5 lots within 30 days to transfer the profit.
Profit from the Welcome Account must be withdrawn within 30 days. After a 30-day period, the bonus expires.
The Welcome Account is available for trading within 30 days from the day of opening. After 30 days, trading will be disabled, but the Welcome Account will still be accessible for transferring the earned profit.
In order to make an internal transfer of profit from the Welcome Account to any live account, the client has to deposit at least $100 (or equivalent in other currencies) to this live account. The deposit can be made in a single payment or in parts (e.g. $50 + $20 + $30). Please note that the amount has to be deposited after the bonus trading terms are fulfilled.
Profit transfer will be processed within 2 hours during the operating hours of the Finance Department. The maximum processing time is 24 hours.
Once the profit transfer is completed, the Welcome Account will be disabled, and no further trading will be possible. The bonus will be canceled in full size, and the account balance will be set to zero.
The offer is valid until September 30, 2021 but can be canceled or extended anytime.
RoboForex is an international broker offering 7 asset types and more than 12,000 instruments of trading. It has been operating since 2009 and is regulated by the IFSC Belize License under the number 000138/210. RoboForex received 4 awards last year, including the “Most Transparent Broker” in the World Economic Magazine Awards and the “Best Mobile Trading App” in the Global Forex Awards B2B. With excellent performance and reputation, it is recognized by the most respected experts in the financial industry. RoboForex currently has more than 800,000 clients from 169 countries. RoboForex is also popular in Asia, as they received the “Most Transparent Asian Forex Broker” award last year.
Awards Received by RoboForex (Sourced from RoboForex Official Website)
RoboForex offers a $30 USD welcome bonus to all new clients all year round. To apply for the $30 USD Welcome Bonus, you have to sign up here and complete the verification process in the Members Area. Bonus funds are available for cent and standard MT4/MT5-based accounts with USD or EUR as a base currency. However, a $10 USD must be deposited into your trading account prior to receiving the bonus. This is only to verify your payment method. Do not worry, as the deposit will be refunded afterward. This bonus program is an excellent way to put your trading strategies to the test in real-time.
Welcome Bonus 30USD Information (Sourced from RoboForex Official Website)
The bonus will be received within 5 working days.
The bonus can be used for a whole year.
There will be a 30-day limit on using the coupon code. It will be automatically cancelled after it ends.
The promotion can be changed or terminated at any time without prior notice.
You need to trade the required number of lots based on your trading account. (50 Micro-lots on Fix-Cent, 0.5 lots on Fix-Standard, 100 micro lots on Pro-Cent, and 1 lot on Pro-Standard accounts).
GEMFOREX broker offers GEMFOREX $300 USD Forex no deposit bonus. GEMFOREX is a trade name of GEM GROUP NZ Limited, headquartered in New Zealand and founded in 2010, after obtaining a financial license (FSP 564306) from New Zealand Financial Service Providers (NZFSP). It has developed services primarily in English-speaking countries such as Japan, China, Hong Kong, Taiwan, and Korea. GEMFOREX was initially founded in Japan under the name GemTrade. It offered free Forex trading (EA) software trading service, followed by Mirror Trading services.
20,000yen equivalent to $200 USD is given upon registering and verifying your account, so you can immediately start trading. Profits can be withdrawn, and traders can engage in risk-free Forex trading. Many people have increased this 20,000 yen 10 times, so do not miss out on this opportunity! At the time of writing this article, the GEMFOREX no deposit bonus is only available until September 7, 2021. It is only available for new clients residing in Japan. Register and verify your account here and the bonus will be credited into your account directly. Having won the Best Forex Broker Award 2020, we can see why it is popular. It is recommended for those who reside in Japan to check out their further campaign bonuses!
The bonus is not applicable to existing clients.
Each client can receive this bonus only once.
The bonus will be reset to “0” once a withdrawal is made from the bonus account.
This bonus program cannot be added under any IB accounts.
Socrates Legacy is an internationally licensed broker that helps traders conduct their business in foreign currency trading and reap the benefits in the Forex market. New joiners of Socrates Legacy will be able to enjoy the benefit of $25 USD. There are 3 types of accounts, namely: Free Thinker, Philosopher, and Stoic. Socrates Legacy provides a MetaTrader 5 (Metaquotes) trading terminal facility that can be used on desktop (Windows/MacOS) or smartphone platforms (Android/iOS). To qualify for the no deposit bonus, the client must complete the KYC verification process. This campaign is available for Indonesian clients only. Profits earned from the bonus can be withdrawn after successfully traded 3 Lots, with no withdrawal limit.
Joining Link: Socrates Legacy
Register by clicking the link above.
Use Gmail (Google) email to verify your email.
Log in after you have verified your email here. Then, proceed to verify your identity and bank account in the following page.
Like and follow the Socrates Legacy’s official Facebook page here.
Follow their official Instagram here.
Screenshot and send your proof that you have liked and followed the page to the Socrates Legacy official Facebook page via message, or you can Whatsapp to +628112001398 (Ms. Jane). You can also message Ms. Jane here.
Once approved, the bonus will be credited to your trading account.
Withdrawal methods: Local bank transfer and crypto.
Validity: From August 15 to September 15, 2021
Account type: Free Thinker Account (MT5 Server: Socrates Legacy)
Leverage: Max 1:500
Trading balance is not allowed.
This bonus is only applicable to new clients.
The promotion can be changed at any time without prior notice.
The bonus cannot be withdrawn and can only be traded.
All profits can be withdrawn after completing trading 3 standard lots.
The minimum withdrawal is $10 USD.
Tickmill is a global forex and Contract For Difference (CFD) broker founded in 2014. Operating in 200 different countries worldwide, it is a well-known market leader in the broker community and has won multiple awards. Several financial authorities regulate the corporation globally, including the top-tier Financial Conduct Authority (FCA) in the United Kingdom. Besides, Tickmill Asia Ltd is regulated by the Financial Services Authority of Labuan Malaysia. Therefore, rest assured because it is safe. Tickmill is popular in Malaysia. Tickmill offers a “$30 USD welcome bonus” to all new Malaysian clients who register a welcome trading account. The eligible traders can utilize the bonus to increase trading activities, put their knowledge or expertise into practice, and earn as much as $100 USD in profit. Not only will you receive $30 USD credit to your account, but you will also get to enjoy Tickmill’s premium-grade service. You can trade with lighting-fast execution, low trading costs, and an award-winning broker’s assistance. It is worth emphasizing that Tickmill is an excellent choice for any shortlist of brokers. To apply for Tickmill $30USD no deposit bonus, register for a welcome trading account here. The bonus will be transferred to your account right away.
Clients must be over 18 years old to use the platform.
This bonus is applicable for new clients only.
Each client can apply for this only once.
Profits must be withdrawn in a single transaction ($30 USD- $100 USD)
The traders are not permitted to use hedging under any circumstances.
The conditions of this promotion are pretty similar to the terms presented in the Live Pro account.
You can adjust the leverage to the amount as you see fit.
The bonus can only be applied for trading purposes.
XM is a Cyprus-based online Forex broker who has grown into a well-established investment firm since its establishment in 2009. With over 250,000 clients across 196 countries, it is one of the most renowned market leaders in the industry. Over 450 industry experts handle the XM operations, providing a solid foundation of financial and investment experience, and multilingual customer service in over 30 languages, available 24 hours, 5 days a week. It offers outstanding services to customers, including a wide range of trading opportunities, competitive trading conditions, and negative balance protection. This mitigates the risks of suffering losses that exceed the amount balance. Besides, given its excellent performance, it has received numerous awards since 2014. It is a good broker to kick start your trading journey as it offers a $30 USD XM No Deposit Bonus for newcomers.
Latest Rewards Received by XM (Sourced from XM official site)
Similar to other brokers mentioned above, all you have to do is register by filling in your personal details and trading account details here. Do not forget to click “Yes, I wish to receive the bonus.” Then proceed to confirm your email address. Next, login to the Members’ Area to validate your account with identification documents (passport, drivers’ license, or national ID) and provide utility bills as proof of residency. The bills must be dated within the last 6 months in order to confirm your residential address. The XM review team will review your documents, and it will take less than 24 hours. Once your account is validated, the $30 USD bonus is ready to be claimed! Keep in mind that the bonus itself is not available for withdrawal, but you can withdraw the profits earned as you wish.
The clients applying for the bonus must be over 18 years old and above.
The bonus is only applicable to new clients.
The recipient’s IP address must not be the same as the existing XM bonus account holder. XM holds the right to disqualify the recipient if similar IP is detected.
The bonus is only eligible to one person in one household. The rest of the family members are ineligible to receive this bonus if one of the family members has already received the bonus.
Anyone who is directly or indirectly affiliated with the XM company is not eligible for this bonus.
To withdraw the profits earned through the $30 USD no deposit bonus, the user must trade at least 0.1 lot in total (10micro lots) and trade at least 5 rounds of trade. There is no withdrawal limit, and the minimum withdrawal amount is $5 USD every time.
Every trader is unique, and each forex broker might be suitable for different traders. A good forex broker does not necessarily have good scores but if it can accommodate your overall money management and trading styles, go for it!
The 2021 no deposit bonus described above may longer be valid because the campaign bonus ended or terminated. Therefore, it is important to check all the information on the no deposit bonus. Always find the most reputable brokers based on Forex reviews to compare the brokers and promotional offers. This article is written based on our research, and it is for informational purposes only. We only included a few that we find reliable and popular, specifically in Malaysia, Indonesia and Japan. Feel free to refer to our guide but bear in mind that this does not constitute investment advice nor be responsible for the investment outcome. Happy investing!
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