WikiFX Ranking: Best 3 Forex No-Deposit Bonus Forex Brokers

In the fast-paced world of forex trading, no-deposit bonuses provide a unique opportunity for new traders to explore the market without risking their own capital. These bonuses, offered by forex brokers, allow traders to start trading with a free, first deposit. Typically reserved for new traders, they come with specific terms and conditions that dictate how the bonus can be used and when profits can be withdrawn. In this article, we will look at the top five forex brokers offering no-deposit bonuses, as ranked by WikiFX.

1. XM – Overall Best Online and Mobile Trading Experience

WikiFX Score: 9.04/10

XM is renowned for providing an exceptional online and mobile trading experience. It offers a $30 no-deposit bonus to novice traders, allowing them to engage in real-money trading without any financial risk. This incentive is perfect for those new to forex trading, offering a risk-free way to explore the market. While profits earned from the bonus can be withdrawn, it's crucial for traders to thoroughly review XMs terms and conditions, as there are specific limitations that apply.

2. Tickmill – Ideal for Non-EU Traders

WikiFX Score: 8.00/10

Tickmill provides non-EU traders with a $30 Welcome Account, which is a great way to test out their Pro Account without any financial commitment. This exclusive account offers customizable leverage options and a $30 credit bonus. Profits from the bonus can be claimed within two weeks, provided the trader has been registered for at least 60 days. However, traders must be cautious, as any abuse of the bonus terms may result in forfeiture of the bonus or suspension of the account.

3. Land Prime – No-Deposit Bonus for New Applicants in the Philippines

WikiFX Score: 5.84/10

Land Prime offers a no-deposit bonus specifically for new applicants in the Philippines. This bonus is an excellent tool for testing their live trading services without any personal financial investment. By registering as a new client and being an eligible resident, traders can take advantage of this opportunity to trade Forex and CFDs. This allows new traders to familiarize themselves with Land Primes trading environment and services without any initial cost.

Conclusion

No-deposit bonuses are a fantastic way for new traders to get a feel for the forex market and the services offered by various brokers without any financial risk. XM and Tickmill lead the pack with their generous and accessible bonuses, while Land Prime provides a targeted offer for traders in the Philippines.