Forex trading is known to be rather profitable even for people without any prior trading experience, so it’s not surprising that lots of people flock to the Forex market in hopes of making a fortune. There are many brokers on the market who compete to attract these new clients with all kinds of benefits such as welcome bonuses. These bonuses are granted to all beginner traders for a quick start without any initial investments. In this article, we explain how these bonuses work and give you a list of the top 3 most reliable brokers with the best conditions.
How these bonuses work
Welcome (also known as no-deposit) bonuses are given to all traders who create their first account on a trading platform. While they are usually pretty small, these funds can be very beneficial since they’re meant to be invested without the need to deposit your own money. This way, you can practice trading skills and check out the conditions provided by a certain broker without wasting a dollar. Brokers favor these bonuses as well since they allow them to attract new users and convince them to start trading, so it’s actually a win-win situation.
However, every broker still has its own set of conditions, available assets, and additional benefits, so it is very important to choose only the most convenient companies. That’s why we’ve arranged a list of the top 3 brokers with welcome bonuses for you to choose from.
RoboForex is a reputable broker known for its favorable trading conditions, low deposit requirements, and high leverage rates. Secure and well-regulated, it’s especially popular among novice traders, and its copy trading service is one of the best on the market. RoboForex provides a $30 welcome bonus to all new traders, and you can use them right away for trading without the need to invest your money.
Founded in 2009, XM is another old and reputable broker with quick order execution and a variety of available CFDs and currency pairs to choose from. It has rather low fees, and withdrawals are known to be rather quick. XM provides you with a $30 no-deposit bonus when you sign up, and you can also receive half of your initial deposit as an additional bonus.
Tickmill is also a very well-known broker that offers all new traders a $30 bonus. While you can’t get it and leave, you can invest it and withdraw all the profits. The leverage rate here reaches 500:1, so you can really make significant profits even without investing anything.