The Forex market continues expanding rapidly, but Forex traders often lack capital. Forex broker bonuses can provide a stepping-stone towards trading or a valuable tool in building up portfolios if the terms and conditions are favorable for traders. Using a $50 or more Forex welcome bonus from a broker allows beginners to experience live trading in a risk-free environment while keeping their earnings. Learn how to find a reputable Forex broker bonus and explore the pros and cons below.
Best Forex Broker Welcome Bonuses
- Libertex, A balanced asset selection with a maximum leverage of 1:999.
- InstaForex LTD, Industry-leading, trader-friendly bonuses & passive income opportunities.
- RoboForex, Over 9400 available assets.
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Regulators | FSA | BVI, CySEC, FSC Mauritius | FSC Belize |
Year Established | 1997 | 2007 | 2009 |
Execution Type(s) | Market Maker | ECN/STP | N/A |
Minimum Deposit | |||
Average Trading Cost EUR/USD | N/A | N/A | 0.1 pips ($1.00) |
Average Trading Cost GBP/USD | N/A | N/A | 0.1 pips ($1.00) |
Average Trading Cost Gold | N/A | N/A | $0.08 |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Web-based | Other, MetaTrader 4, MetaTrader 5, Web-based+ | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+ |
Islamic Account | |||
| Visit Website | Visit Website | Visit Website |
Libertex
In Summary A balanced asset selection with a maximum leverage of 1:999Libertex offers Forex traders MT4/MT5 from a minimum deposit of $10 or a currency equivalent in EUR, GBP, CHF, or PLN. It caters to 3M+ traders from 120+ countries and advertises spreads from 0.0 pips with a maximum leverage of 1:999. Libertex also offers its in-house mobile app, which includes a mobile Bitcoin miner that awards Bitcoin every four hours. Besides the welcome bonus, Libertex rewards active traders via its loyalty program. It places Libertex among the best Forex brokers offering a welcome bonus of $50 or more.
Long-term buy-and-hold and dividend investors get an unleveraged, commission-free account to buy shares.
Pros & Cons
- Member of Libertex Group with 25 years of operations
- Trading course for beginner traders
- Competitive spreads
- Various deposit methods
- €10 monthly inactivity fee after 180 days on portfolios below €5,000
InstaForex LTD
In Summary Industry-leading, trader-friendly bonuses & passive income opportunitiesI rank InstaForex among the best Forex broker welcome bonuses of $50 or more, as it has a $1 minimum deposit, withdrawable bonuses with reasonable conditions, and no time limits for Forex traders to trade the required lots to unlock withdrawals. The well-balanced asset selection includes IPO and cryptocurrency trading, with the latter available without swap rates on leveraged overnight positions.
Traders get the full suite of MT4/MT5 trading platforms, including the MAM module for account managers. PAMM accounts complement the in-house copy trading service. PS hosting offers low-latency 24/5 algorithmic trading. InstaForex also supports cryptocurrency deposits and withdrawals.
RoboForex
In Summary Over 9400 available assetsTraders benefit from a cutting-edge trading infrastructure featuring competitive spreads, fast order execution with verified execution excellence, and a well-balanced asset selection covering eight asset classes and 12,000+ trading instruments. It places RoboForex among the best Forex broker welcome bonuses, of at least $50, as traders can participate in seven bonus campaigns. The in-house CopyFX copy trading system ranks among the best industry-wide, mirroring the success of its partnership program.
RoboForex offers the MT4/MT5 trading platforms alongside its in-house developed R StocksTrader. The maximum leverage is 1:2000 with negative balance protection, and customer support is fast and responsive.
Pros & Cons
- Excellent asset selection above 12,000 covering eight asset classes
- Competitive trading costs and high leverage
- Cutting-edge proprietary trading platform plus MT4/MT5
- Generous bonus program, affiliate offers, and instant withdrawals
- No cryptocurrencies
How Do Traders Get No-Deposit Forex Bonuses?
No-deposit Forex bonuses usually require Forex traders to open a live trading account, and some Forex brokers require verification. After completing the requirements, Forex brokers will deposit the specified amount into the trading account.
How to Select a Reputable No-Deposit Forex Broker
While trading requirements differ among Forex traders, the best Forex brokerage welcome bonuses of min. $50, share core similarities to ensure a competitive trading infrastructure.
All competitive brokers offering welcome bonuses of $50 (or more) should offer the following:
- A clean regulatory record exceeding 10+ years.
- Low Forex trading fees, with the EUR/USD not exceeding costs of $10.00 per 1.0 standard round lot or 1.0 pips.
- MT4 and/or MT5, as they support algorithmic and copy trading and include a user-friendly mobile app.
- Favorable bonus terms and conditions.
- A balanced asset selection exceeding 300+ assets
- No internal transaction fees and low minimum requirements with a choice of e-wallets and preferably cryptocurrency deposits and withdrawals.
Welcome Forex Bonuses for Traders - Pros and Cons
Before considering a Forex broker welcome bonus of $50 or more, Forex traders must read the terms and conditions of each bonus and evaluate the pros and cons of welcome Forex bonuses for traders.
The Pros of Welcome Forex Bonuses for Traders
- Forex bonuses provide an on-ramp for first-time traders
- Forex traders can use Forex bonuses to build their portfolio over time
The Cons of Welcome Forex Bonuses for Traders
- The terms and conditions of most Forex bonuses are not favorable to Forex traders
- Some brokers implement time limits, adding unnecessary pressure to place trades
- Many Forex bonuses are non-withdrawable bonuses
- Forex traders fail to understand the terms and conditions
Bottom Line
Trading with the best Forex welcome bonuses of $50 or more can offer beginners and first-time depositors an on-ramp into live trading without risking capital. Before considering a bonus, traders must read and understand the terms and conditions, and most Forex brokers have unfavorable ones. Forex traders should always avoid time-limited and non-withdrawable bonuses, as they are not geared towards healthy trading behavior and growth but serve as marketing tricks to entice more substantial deposits.
