When we talk about the forex and trading CFD sector, the need for capital initially is important. It is important to open the account with a broker. That in turn helps for the placement of orders on the marketing platform.
The service of no deposit bonus forex brokers is a benefit to the majority of customers. This allows the investors to invest their money with the high risk of loss. Moreover, Such best no deposit bonus forex brokers work for customers without any fees. Mainly, to get more potential customers.
Therefore, today we will talk more about the 6 best no deposit bonus forex brokers in further detail.
Top No Deposit Bonus Forex Brokers in South Africa
R100 Deposit
100% Bonus
6 Best No Deposit Bonus Forex Brokers SA Reviewed
Below specified are some of the 6 best no deposit bonus forex brokers.
Tickmill no deposit bonus
Tickmill is among the famous names of no deposit bonus forex brokers. Moreover, Tickmill tends to offer several types of accounts that can suffice the demands of traders.
It has the authentication by the FSCA and also helps the traders to earn a $30 bonus at the initial start of account opening.
Pros
- Requires no minimum deposit for account opening.
- Offers currencies for trading that ranges from USD, EUR and GBP.
- Moreover, it offers Islamic accounts.
- Offers up to or more than 39 diverse languages.
- You can use it via IOS and android systems.
Cons
- Old layout look.
- Very minimal and mainstream news page.
XM no deposit bonus
Availing of the XM no deposit bonus forex broker is a quite seamless method and the number of cash is transferred to the account used for trading. Moreover, all this usually happens once the process of account verification and registration gets completed.
The bonus earned at the start of account opening can help the traders to get a hold of MT4 and MT5 programs.
Pros
- Offers reliability and trust.
- Moreover, it offers a good leverage range.
- Offers diverse types of orders.
- Excellent customer support services.
- Quick process of payments that include, deposits and withdrawals anytime.
Cons
- Does not support the PayPal application.
- Weekends are off. Hence, no customer service.
- Moreover, it does not work on cryptocurrency.
FXOpen no deposit bonus forex
This broker platform was first introduced in Cairo year, 2003. Ever since it has maintained its’ excellent reputation by offering high-level services through the use of advanced technology.
It is quite easy to use either by a beginner or professional trader. It just depends on how quick you are to pick. Moreover, the FXOpen no deposit bonus forex brokers have the policy to offer several account types. They also have provided the traders with the automatic trading facility to make forex trading an easy business.
Pros
- It has a very minimal need for profit that is must have for the return cash policy.
- Offers various financial tools for a good trading facility.
- Provides easy reports for accounts that explain their status. Happens usually at the end of the month or day.
- Several currencies are there like, USD, EUR, AUD, and more.
- Minimum deposit of 1 USD is must have thing
Cons
- Few numbers facilities that are in need or training.
- Absolutely no way for a call-back system.
FBS no deposit bonus forex
FBS is a broker that is from Cyprus. However, now it is seeming to be giving similar services to European countries as well. It has investment in several advanced technologies that work together to build a safer and smooth system for trading.
To make sure that customers experience everything with Excellency they also offer virtual tours, seminars, and much more. Moreover, anyone can opt for an FBS forex broker whether you are a beginner or a professional trader.
Pros
- Very low trading cost of fees.
- The account receives instant activation.
- Offers up to or more than a $140 bonus.
- Cryptocurrency works.
- Instruments such as BTC, LTC, and ETH are offered.
- Good customer service.
- 1:3000 of a leverage ratio is offered.
Cons
- It has very minimal options for those traders that are based in Europe.
- Does not provide any service from the USA, UK, Japan, Israel, and Canada.
Hot forex no deposit forex
It is a very famous broker and came in the year 2010. It has clients from approximately 200 countries. At least, 2.5 million accounts are registered at the present moment.
Hot forex also seems to offer trading accounts like ZAR. And has a quite minimal spread that is required for trading. So, to contact them, they also provide their number for good customer support.
Pros
- Offers bonus to the traders.
- Offer MT4 and MT5 programs.
- 1:1000 of a leverage ratio is provided.
- Uses almost 53 currencies.
- Can be used on PC, iOS device, Android as well
Cons
Have quite a few numbers of trading instruments for the traders to use.
Templer FX
Templer FX is an online-based forex broker that allows foreign exchange services to traders. These services are useful for both conditions like retail and customers based on an institution.
It was founded in the year 2004 and has been given several awards for the excellent services they offer.
It involves a multiple set of traders that includes, beginners, middlemen, and highly professional traders with several account categories.
Pros
- Offers 0.10 spreads.
- Does not have any fees of transaction.
- Currency used for deposition is only USD.
- Requires an initial deposit of up to $1000.
- Offers a Muslim FX account.
- Segregated account type is also available.
- A leverage status of 1:2000 is available.
Cons
- Few trading instruments for proper trading research.
- Do not use PayPal application services.
Conclusion
If you work as a forex broker then you might know how important no deposit bonus forex brokers can be. However, since there are several of them in the market it gets somehow difficult to differentiate the best ones.
Yet, some of the 6 best no deposit bonus forex brokers are described in detail. Hence, do not miss out on referring to the mentioned information to know more about it.