Best Forex Bonus 2019

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Minimum Deposit
$5
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indices
  • Metals
  • Shares
  • Stocks
TYPE OF BROKER

ECN/STP

REGULATED BY
CySEC CySEC
FCA FCA
FSCA FSCA
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
  • Mastercard
  • Visa
  • Maestro
  • UnionPay
  • Neteller
  • Skrill
  • Bitcoin
  • Bank Transfer
Trading Conditions
  • Max. Leverage : Flexible
  • Min. Spread : 0.0 pips
  • Currency Pairs : 59
Account Spread From Commission Execution Min. Deposit
Cent Account 1.5 pips None Instant $10 Account Details
ECN Account 0.1 pips $2.00 Market $500 Account Details
ECN Zero Account 1.5 pips None Market $200 Account Details
FXTM Pro Account 0.0 pips None Market $25,000 Account Details
Standard Account 1.3 pips None Instant $100 Account Details
Minimum Deposit
$200
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • ETFs
  • Indices
  • Stocks
TYPE OF BROKER

Market Maker

REGULATED BY
CySEC CySEC
ASIC ASIC
TRADING PLATFORMS
  • eToro platform
DEPOSIT METHODS
  • Mastercard
  • Visa
  • UnionPay
  • Neteller
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 2.0 pips
  • Currency Pairs : 47
Account Spread From Commission Execution Min. Deposit
Live 1 pip None Market $200 Account Details
Minimum Deposit
$100
TRADING INSTRUMENTS
  • Forex
  • Commodities
  • Metals
  • Energies
  • Stocks
  • Crypto
  • Bonds
  • ETFs
  • Shares
  • Blends
TYPE OF BROKER

Market Maker

REGULATED BY
CySEC CySEC
ASIC ASIC
FSCA FSCA
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
  • Mastercard
  • Visa
  • Maestro
  • Neteller
  • Skrill
  • Paypal
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 300:1
  • Min. Spread : 0.9 pips
  • Currency Pairs : 50+
Account Spread From Commission Execution Min. Deposit
LIve 0.9 pips None Market R1,000 Account Details
Minimum Deposit
$100
TRADING INSTRUMENTS
  • Forex
  • Stocks
  • Indices
  • Cryptocurrencies
  • Commodities
  • ETFs
TYPE OF BROKER

Market Maker

REGULATED BY
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • Mastercard
  • Visa
  • Neteller
  • Skrill
  • PayPal
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 400:1
  • Min. Spread : 0.7 pips
  • Currency Pairs : 50+
Account Spread From Commission Execution Min. Deposit
Islamic 1.3 pips None Instant $100 Account Details
Professional 1.3 pips None Instant $100 Account Details
Retail 1.3 pips None Instant $100 Account Details
Minimum Deposit
$100
TRADING INSTRUMENTS
  • Forex
  • Commodities
  • Metals
  • Energies
  • Crypto
  • Bonds
  • Shares
TYPE OF BROKER

ECN/STP

REGULATED BY
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • Mastercard
  • Visa
  • UnionPay
  • Neteller
  • Skrill
  • Bitcoin
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 500:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 51
Account Spread From Commission Execution Min. Deposit
Auto 1.0 pips None Market $200 Account Details
Islamic 1.0 pips None Market $5 Account Details
Micro 1.0 pips None Market $5 Account Details
Premium 1.0 pips None Market $100 Account Details
Zero 0.0 pips $3.00 Market $200 Account Details
Minimum Deposit
$5
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indices
  • Metals
  • Shares
  • Stocks
  • Energies
TYPE OF BROKER

Market Maker

REGULATED BY
CySEC CySEC
FCA FCA
ASIC ASIC
IFSC IFSC
TRADING PLATFORMS
  • MetaTrader4
  • MetaTrader5
  • WebTrader
DEPOSIT METHODS
  • Mastercard
  • Visa
  • Maestro
  • UnionPay
  • Neteller
  • Skrill
  • Sofort Banking
  • Bitcoin
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 888:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 55+
Account Spread From Commission Execution Min. Deposit
Micro 1.0 pips None Instant $5 Account Details
Standard 1.0 pips None Instant $5 Account Details
XM Ultra Low 0.6 pips None Instant $50 Account Details
Minimum Deposit
$5
TRADING INSTRUMENTS
  • Forex
  • Commodities
  • Stocks
TYPE OF BROKER

ECN

REGULATED BY
CySEC CySEC
TRADING PLATFORMS
  • MetaTrader4
  • WebTrader
DEPOSIT METHODS
  • Mastercard
  • Visa
  • UnionPay
  • Neteller
  • Skrill
  • Bitcoin
  • Bank Transfer
  • Broker to Broker
Trading Conditions
  • Max. Leverage : 1000:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 110
Account Spread From Commission Execution Min. Deposit
Cent.Eurica 0 pips 0.03%-0.07% Instant $5 Account Details
Cent.Standard 3 pips None Instant $5 Account Details
Insta.Eurica 0 pips 0.03%-0.07% Instant $5 Account Details
Insta.Standard 3 pips None Instant $5 Account Details
Islamic 0 pips None Instant $5 Account Details
Minimum Deposit
$5
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indices
  • Equities
  • Spread Betting
TYPE OF BROKER

Market Maker

REGULATED BY
B.V.I FSC B.V.I FSC
TRADING PLATFORMS
  • MetaTrader4
  • Sirix
  • WebTrader
DEPOSIT METHODS
  • Mastercard
  • Visa
  • Maestro
  • Neteller
  • Skrill
  • Sofort Banking
  • Bank Transfer
Trading Conditions
  • Max. Leverage : 1000:1
  • Min. Spread : 0.0 pips
  • Currency Pairs : 53
Account Spread From Commission Execution Min. Deposit
ECN Zero Account 0.0 pips $10.00 Instant $5 Account Details
Standard Fixed 1.8 pips None Instant $5 Account Details
Standard Variable 1.3 pips None Instant $5 Account Details
VIP Varibale 0.6 pips None Instant $5000 Account Details
Minimum Deposit
$250
TRADING INSTRUMENTS
  • Commodities
  • Cryptocurrencies
  • Forex
  • Indices
TYPE OF BROKER

Market Maker

REGULATED BY
FSCA FSCA
TRADING PLATFORMS
  • MetaTrader4
  • Sirix
  • WebTrader
DEPOSIT METHODS
  • Mastercard
  • Visa
  • CashU
  • Neteller
  • Bank Transfer
  • Fasapay
Trading Conditions
  • Max. Leverage : 200:1
  • Min. Spread : 1.5 pips
  • Currency Pairs : 47
Account Spread From Commission Execution Min. Deposit
Bronze 1.5 pips None Instant $250 Account Details
Gold Not Published None Instant $10,000 Account Details
Premium Not Published None Instant $25,000 Account Details
Silver Not Published None Instant $1,000 Account Details

Forex Bonuses Explained

Many top Forex brokers offer several different bonuses, such as:

  • Deposit bonus
  • No deposit bonus
  • A trading bonus
  • Some custom bonuses specific to that broker

Almost every broker on the market offers a deposit bonus to give new investors an incentive to open a trading account.  A standard forex bonus is triggered when a client deposits money and they are then eligible to get the bonus either in a fixed amount or a percentage of the size of the deposit.

Why Some Brokers Have No Bonuses

Some regulators stop Forex brokers from offering incentive bonuses to new clients. On June 1st, 2018, ESMA chair Steven Maijoor announced:

The measures ESMA has taken today are a significant step towards greater investor protection in the EU.  The new measures on CFDs will, for the first time, ensure that investors cannot lose more money than they put in, restrict the use of leverage and incentives, and provide understandable risk warnings for investors.

This meant that for the first time, European-regulated brokers were not allowed to offer incentives to traders as a part of a marketing strategy.

ESMA, in a Question and Answers (pdf – page 59) paper published on 31 March 2017, went further to say that they believe brokers offering incentives are doing so in a way that is not in the best interest of their clients.  They say

Especially in light of the above poor practices observed in this sector of the market, ESMA is of the opinion that it is unlikely that a firm offering bonuses that are designed to incentivise retail clients to trade in complex speculative products such as CFDs, binary options and rolling spot forex could demonstrate to its NCA that it is acting honestly, fairly and professionally and in the best interests of its retail clients, taking into account that the nature of the products means that they are not appropriate for a majority of retail clients. NCAs should therefore monitor that the practice of offering such bonuses is avoided in relation to these products.

This restriction is still in place and applies to all brokerage companies that are regulated by EU entities. These companies will not be allowed to offer bonuses to clients, even if the client maintains residency outside of the EU.  This restriction does not apply however to daughter companies which are not regulated within the EU.

Bonus Conditions

Bonuses are marketing tools used widely outside of the European Union in order to attract new clients. There is always a catch connected to these bonuses, and clients will need to read the terms and conditions to be sure of the requirements needed in order to be awarded the full bonus amount.

These conditions often require that a client be an active trader for an extended period before becoming eligible to withdraw the bonus, or that the trader engages in a set number of trades before the bonus is released into the trading account.

While these conditions will vary from broker to broker, do not expect to be able to use, trade or withdraw the bonus during your initial period with your new broker.

Deposit Bonuses

If a broker’s bonus is offering you 200% of your initial deposit, that means your $250 outlay will enable you to trade with $500. You are safe to assume that this is a little bit of leverage being offered to you without you having to worry about the drastic consequences that arise after making a wrong investment decision.

You have to carefully monitor exactly what the brokers are doing because some of them may decide to take back the money and any of the profits that are being generated through the deposit bonus without notifying you. This is very rare, but just an example that highlights that you should have read all the rules.

Think Past the Bonus

By providing you with some money to lose with a clear conscience, brokers are effectively enticing you into opening an online trading account. There are certain broker safeguards put in place so that you do not withdraw the deposit before trading a set amount, but other than that I would only encourage a trader to read the rules of when the deposit can be made, and make sure that the no deposit bonus is not the only reason you are signing up with that specific broker.

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.