The forex market provides a great opportunity for investment. You do not need to start with a large capital but as little as $30 dollars, and you will be on your way to create a sizeable investment portfolio. The challenging part is finding a reliable forex trading service that allows you to keep abreast with the dynamic nature of forex markets.With so many forex trading services, the best place to look is the No-Deposit bonus forex.
The advantage of such an offer is that you get to experience all the features and services of a platform at no cost on your end. For beginners, this also offers an advantage of familiarising yourself with the forex trading processes. The best brokers offering a no-deposit bonus offer allow you to withdraw profits accrued from your bonus.
When choosing the forex broker to work with you have to consider such bonuses and several other factors. These include the reputation of the company, its accreditation, the speed of processing deposits and withdrawals, security, the leveraging ratio and the payment options.
Here is a look at two best brokers with no deposit bonuses in 2020:
1. FBS Forex Broker
The FBS Forex broker offers you a No deposit bonus of $100. You can trade and grow your profit without investing your own money. The bonus is canceled after the first withdrawal. You get to make your first withdrawal after you have made profits of over $25 and you have traded five lots.
For the period you will be using the bonus you can leverage 1:500 and the maximum profit you can make on the bonus is $100.
FBS Forex has been in operation since 2009 and is regulated by both the IFSC and CySEC. It offers over 15 different payment options and easy process to set up your account. The broker also allows scalping, hedging and news trading among other features.
2. XM Forex Broker (EXPIRED)
The XM Forex broker offers a $30 no deposit welcome bonus. It has one of the fastest processes of opening an account and the bonus amount is credited to your account within 30 minutes. While you cannot withdraw the bonus, you can withdraw the profit made from it after just 0.5 lots.
The bonus has no expiry period once you claim it and it is only canceled after you have made your first withdrawal. You will need to have made profits of $60 and above to make a withdrawal. The other advantage of trading with XM brokers is the exposure to the MetaTrader 5 platform.
This is the platform used in most premium accounts allowing you to trade using a range of devices. Few brokers allow you to use the platform without making your own deposits. XM is also regulated by global bodies including IFSC, FCA UK and the Australian Securities and Investment Commission.
Before picking a forex broker to work with, ensure they are regulated in your region, they have good reviews from current clients and assure you of security for your deposits and personal information.