No Deposit Bonus Brokers provide a No Deposit Bonus or a free Credit to traders who are new to trading or want to check the company profile and trading conditions before investing real money.
A No Deposit Bonus is typically offered to a new broker’s client upon opening a real account, where the trader can receive real money as a bonus.
No-deposit bonuses are typical. Bonuses are not large amounts and range between $10 and $100, instead allowing starting trading. Bonuses are restricted for trading purposes only and set with terms and conditions that are active for a set period.
Most international and offshore entities provide No Deposit Bonuses; however, only Brokers with additional licenses are recommended for money safety. Most Big Bonuses are provided by scam forex brokers, which are considered extremely risky and not recommended for trading.
FBS’s IFSC-regulated branch offers two no-deposit bonuses. FBS’s Quick Start Bonus is a $100 no-deposit bonus on the FBS Trader platform, allowing users to learn to trade risk-free.
In contrast, if you follow the steps outlined by FBS, you can earn a total no-deposit bonus of $210, with no initial investment required. If certain conditions are met, the no-deposit bonus can be withdrawn. The trader can still withdraw any profits made from the rewards.
A $25 no-deposit bonus is available to Axiory traders. To receive the bonus, create and verify an Axiory account. The no-deposit bonus from Axiory cannot be withdrawn, but you can withdraw profits from trading with the prize.
SuperForex provides a $88 no-deposit bonus. To obtain it, you must first open a live account, verify your account, and then request it through your trading account page. To receive SuperForex’s no deposit bonus, you must first open an account and select USD as the currency.
JustForex provides a $30 no-deposit bonus. To claim it, you must first open a trading account with JustForex. To transfer the bonus funds to another JustForex account, the trader must trade at least five lots in 30 days, earning at least six pips profit or loss per trade. JustForex’s no-deposit bonus can be transferred to a Cent, Standard, Pro, or Raw Spread account.
Best forex brokers in South Africa: 2022 review
Trading foreign exchange (currency) from the comfort of one’s own home has grown in popularity in South Africa since the start of the Covid-19 pandemic. Many overseas brokers have predicted a dramatic uptick in activity beginning in 2020.
For those looking for best forex broker south africa, we suggest these two options. Our exclusive Trust Score (displayed below) is the result of this comprehensive analysis of over a hundred factors.
v Tickmill – South Africa’s Best Forex Broker with Low Spreads and FSCA Regulation
Tickmill was established in 2014, and they are a trusted broker due to their regulation by several of the industry’s most prestigious organizations, including the Financial Conduct Authority (UK) and the Cyprus Securities and Exchange Commission (CySEC) (Cyprus).
Tickmill’s Classic Account has an average spread, starting at 1.6 pips for EUR/USD. The Pro account’s trading volume is limited, with spreads starting at 0.1 pips (typical) for EURUSD plus $2 commission per Standard Lot on both sides ($4/Standard lot for both sides). Tickmill doesn’t impose any transaction costs on either the depositor or the withdrawer.
Tickmill offers forex and CFD trading via the Metatrader 4, Metatrader 5, and Webtrader platforms (their Metatrader platforms are available on multiple devices). They’ve just started providing the brand-new Metatrader 5 platform. There are 62 different currency pairs available for trading on their forex platform. Nonetheless, the number of other trading instruments is rather small, with only 14 CFDs on stock indices, 2 Oil CFDs, 2 Metal CFDs, 3 Crypto CFDs, and 4 Bonds available.
v BDSwiss – Excellent Forex broker with a zero-pip spread raw account
BDSwiss, established in Zurich in 2012, is a dependable foreign exchange broker. The FSC and the FSA oversee them (license no. SD047).
BDSwiss’s average spread on EUR/USD with their Classic account is 1.6 pips. Raw Account, on the other hand, offers an extremely low spread of only 0.3 pips (plus a commission of $5 per standard lot on Forex). Gold, widely followed indices like the NASDAQ, and 20 different cryptos are all available for Contracts for Difference trading at competitive commission rates.
Classic and Premium accounts both require a $100 opening deposit. However, compared to other brokers, Raw and VIP accounts have much higher minimum funding requirements of $3,000 and $5,000, respectively. However, the overall trading fees are much lower with these account types.
According to our findings, BDSwiss has top-notch customer service. Live chat, email, and phone are all available for getting in touch. They do not, however, yet have a South African phone number.