Choosing a broker with a forex bonus is one of the best ways to jump into forex trading. With a forex bonus, you can start trading with your broker’s money instead of your own. So, it’s a great way to try out forex trading without risking any of your own money. Plus, any profits you make with the bonus money are yours to keep!
In this guide, we’ll review the 5 best forex bonus offers for 2021. We’ll also explain how forex bonuses work and cover everything you need to know about how to use them.
How to Claim a Forex Bonus in 3 Quick Steps:
Want to get started with the best forex bonus for 2021 right away? You can start trading in just 3 simple steps:
- Step 1: Create a Vantage FX Account – We think VantageFX has the best forex bonus in 2021. Head to the Vantage FX website and click ‘Start Now’ to create a new account.’ Then enter your name, email, and phone number to sign up.
- Step 2: Make a Deposit – VantageFX offers a 50% forex deposit bonus on deposits up to $1,000 and a 10% bonus on any additional money you deposit. You can make a deposit by credit card, debit card, or bank transfer. To get the best bonus value, deposit at least $1,000.
- Step 3: Start Trading – Now you’re ready to start trading with your bonus funds. Pick your favorite currency pair and use the VantageFX web trader to enter an order. You can trade with all your funds or just the portion of your funds that came from your forex bonus.
Your capital is at risk.
Best Forex Bonus Offers for 2021
Here are the 5 best forex bonus offers we’ve found in 2021:
1. VantageFX – Up to $20,000 Bonus Cash!
If you’re looking to get the biggest forex deposit bonus in 2021, look no further than VantageFX. When you sign up for a new account this year, this broker is offering up to $20,000 in bonus cash!
VantageFX gives you a 50% bonus on deposit up to $1,000 – so that’s $500 when you deposit $1,000. For deposits greater than $1,000, you get a 10% bonus. So a $10,000 deposit earns you $1,400 in cash to trade with ($500 for your first $1,000, plus $900, for the remaining $9,000). The maximum $20,000 bonus requires a $196,000 deposit.
Another thing we like about VantageFX is that your money goes a long way. The broker lets you trade major forex pairs with leverage up to 500:1 and there are no commissions for trading forex CFDs. VantageFX also offers an unlimited demo account so you can test out strategies before putting your bonus cash to work.
VantageFX is regulated by the Australian Securities and Exchange Commission (ASIC). The broker offers both standard straight-through processing and ECN accounts for forex trading, with minimum deposits of $200 and $500 respectively.
- Bonus up to $20,000
- 50% match on your first $1,000 deposited
- Trade with 500:1 leverage
- ECN accounts available
- Regulated by ASIC
- Full bonus requires a $196,000 deposit
Your capital is at risk.
2. Capital.com – Best No Deposit Bonus for Forex Trading in 2021
Capital.com has the best forex no deposit bonus for forex trading in 2021. When you sign up for a new trading account, you get $50. It’s as simple as that – you don’t need to jump through any hoops or deposit your own money to start trading.
Capital.com lets you trade major forex pairs with leverage up to 30:1, so the $50 bonus is enough to take a $1,500 position in the forex market. On top of that, this broker has over 140 currency pairs to trade. So, the no deposit forex bonus is perfect if you want to try trading exotic currency pairs.
We’re also big fans of Capital.com’s trading platform. The broker has built a custom platform for web and mobile, and it integrates seamlessly with TradingView to give you access to advanced technical charts. The platform also uses AI technology to spot patterns in your trading and suggest ways to improve over time.
Capital.com is regulated in the UK by the Financial Conduct Authority and offers 24/7 customer support. If you do want to make a deposit when you open a new account, you only need $20 to get started. Capital.com accepts credit cards, debit cards, bank transfers, and some e-wallets.
- Get $50 just for opening an account
- Trade over 140 currency pairs
- Minimum deposit after bonus is just $20
- Regulated by the FCA
- 24/7 customer support
- No additional bonus for making a deposit
71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
Fineco Bank – Get 100 Free Trades When You Open an Account
Fineco Bank is an Italian CFD broker and share dealing platform that operates in the UK and across Europe. Normally, trading forex with Fineco carries a spread of at least 0.8 pips per side. However, when you open a new account, you get 100 trades for free.
Notably, Fineco Bank doesn’t require a minimum deposit to open an account. So in some ways this is a no deposit forex bonus. However, keep in mind that you will need to make a deposit in order to take advantage of the free trades. In addition, the 100 free trades expire once your account has been open for 60 days – so this offer is best for day traders and other frequent traders.
Another thing we like about Fineco Bank’s bonus offer is that it doesn’t only apply to forex trades. This platform carries over 10,000 shares from the US, UK, and Europe, and you can make up to 100 share trades at no cost with Fineco’s bonus. The broker also lets you use the free trades for bond and ETF trading.
Fineco Bank is regulated by the Bank of Italy and is publicly traded on the Milan Stock Exchange, so it’s considered very trustworthy. In addition, the broker offers ISA accounts for long-term investing, although these cannot be used for forex trading.
- No minimum deposit required
- Get 100 free trades when you open a new account
- Offers forex trading, share and ETF dealing, and more
- Forex spreads starting from 0.8 pips
- Regulated by the Bank of Italy
- Free trades expire after 60 days
- Only accepts bank transfers for deposits
Your capital is at risk
FinmaxFX – Forex Bonus Doubles Your Initial Deposit
FinmaxFX offers another great bonus for forex traders who are planning to make a deposit. When you create a new account with FinmaxFX, the platform will match your initial deposit up to $500. So, if you deposit $500, you’ll have $1,000 in your account to start trading.
FinmaxFX is also one of the best high leverage forex brokers. The platform lets you trade major and minor currency pairs on 200:1 margin, and most exotics can be traded on 100:1 margin. As a result, your $1,000 account balance can be used to take a $200,000 position!
This broker offers integration with the popular MetaTrader 5 software for trading. You can buy and sell forex across web, desktop, and mobile devices, plus access custom technical studies and forex signals. For advanced traders, MetaTrader 5 is one of the best forex trading platforms available.
FinmaxFX is regulated by the Vanuatu Financial Services Commission. The broker requires a minimum deposit of $250, which is eligible for the 100% matching forex bonus. Payments can be made by credit card, debit card, or bank transfer.
- Get up to a $500 bonus
- 100% match on your initial deposit
- Trade with 200:1 leverage on major and minor pairs
- Integration with MetaTrader 5
- Accepts credit cards and debit cards
- Requires a $250 minimum deposit to open an account
Your capital is at risk.
FXTM – Forex Deposit Bonus up to $150
FXTM has another great forex bonus for traders to consider. With this broker, you get a 30% match on your first deposit, up to $150. So, if you make the minimum deposit of $100, you get $30 cash in your account. If you make a $500 deposit, you get the maximum $150 bonus.
To be fair, this bonus isn’t quite as generous as what VantageFX or FinmaxFX are offering. However, there are still lots of reasons why you might consider opening an FXTM account.
For one thing, this broker offers several trading platforms to choose from, including MetaTrader 4, MetaTrader 5, and its own FXTM Trader platform. FXTM Trader is incredibly easy to use and is available for both web and mobile. Plus, the broker provides you with free trading signals and a pivot points trading strategy.
FXTM is regulated in South Africa, Cyprus, and Mauritius, and the broker offers excellent 24/5 customer support. You can fund your account with a debit card or credit card, and there’s even a loyalty program available for frequent traders.
- Get up to a $150 bonus
- Supports MetaTrader 4 and 5
- Accepts credit cards and debit cards
- Free trading signals and pivot points strategy
- Regulated by multiple top-tier authorities
- Forex bonus limited to $150 max
Your capital is at risk.
What is a Forex Bonus?
A forex bonus is a type of credit to your trading account that brokers typically offer when you create a new account and/or make a deposit. Bonus funds appear alongside any other funds you deposit to your trading account and can be used to trade in the same way.
The advantage to a forex bonus is that it’s essentially free money to trade with. You can use the bonus funds to increase the size of your forex positions if you want. You can also stick to trading only with the bonus money so you don’t risk any of your own money when trading.
Types of Forex Bonuses
Forex brokers offer several different types of forex bonuses. Let’s take a look at some of the most common bonus offers and how they differ.
Forex Deposit Match Bonuses
VantageFX, FinmaxFX, and FXTM all offer what’s known as a forex deposit match bonus. For these forex bonuses, the amount of bonus money you receive is directly tied to the amount of money you deposit into your account.
For example, at VantageFX, you receive a 50% bonus on the first $1,000 you deposit. So, if you only deposit $500, you get $250. If you deposit $1,000, you get $500.
Forex Reload Bonuses
Some forex brokers also offer a bonus when you top up funds in your account. These forex reload bonuses, as they’re known, are typically offered to existing customers rather than new customers.
The terms of forex reload bonuses can vary widely. You might get a specific amount of money as a statement credit if you deposit more than a certain amount, or the bonus might be a percentage-based deposit match.
Forex VIP & Loyalty Bonuses
Brokers can also reward loyal customers by offering VIP and loyalty bonuses. These bonuses are typically based on how much money you have deposited with a broker and how many trades you place per month.
Depending on the program, you might get a specific statement credit each month or a deposit match bonus every time you top up your account. Alternatively, some loyalty programs offer a discount on trading fees instead of a more traditional forex bonus.
No Deposit Forex Bonuses
One of the best types of forex bonus is the forex no deposit bonus. With this type of bonus, you get a statement credit simply for opening a new trading account – no deposit required!
A forex no deposit bonus is a big deal because they mean you can start trading without putting any of your own money at risk. Typically, you will need to deposit funds before you can withdraw no deposit forex bonus funds or any profits you make with them. However, if you lose some or all of the bonus money while trading, you’re never obligated to pay it back or to make a deposit.
Capital.com has one of the best offers for no deposit bonus forex trading we’ve seen in 2021. With this promotion, you get $50 simply for creating an account – no deposit required.
Forex Bonus Terms to Consider
Forex bonus offers are just about as good as they sound. That said, there are a few things in the fine print that you’ll want to know about before signing up with a broker.
Maximum Bonus Amount
The first thing to check is how big the bonus can be. Most brokers limit the amount they will offer through a deposit match or reload bonus. For example, FinmaxFX limits its deposit match bonus to $500, even if you deposit more than $1,000.
In some cases, the maximum bonus amount can be quite high. VantageFX offers new traders up to $20,000 if you deposit $196,000 or more. So, most traders taking advantage of this offer won’t be limited bey the maximum bonus terms.
Another thing to consider is what markets you can trade using your bonus funds. At most CFD brokers, you can trade any of the available instruments. However, some might limit you to only forex or only stocks.
If you plan to trade multiple markets, this is important to check.
Bonus Withdrawal Options
You’ll also want to look carefully at the rules around how you can withdraw your bonus funds. Some brokers don’t have any strings attached, while others make you complete certain requirements before you can withdraw the bonus or any profits you make while trading with it.
This is particularly true for no deposit bonuses – after all, brokers need withdrawal restrictions to prevent traders from simply opening multiple new accounts and then withdrawing the bonus funds. At Capital.com, for example, you can only withdraw the $50 bonus after you trade at least $500,000 worth of instruments. You can withdraw profits you make using the bonus funds at any time.
How to Claim the Best Forex Bonus
Ready to claim the best forex bonus in 2021? We’ll show you how to open an account with VantageFX and get up to $20,000 in bonus cash.
Step 1: Create a Vantage FX Account
Head to the VantageFX website and click ‘Start Now’ to create a new account. Enter your name, email, and phone number to sign up.
VantageFX also requires you to verify your identity during the sign-up process to comply with regulations. Just upload a copy of your passport or driver’s license along with a copy of a recent utility bill or financial statement that shows your address.
Step 2: Make a Deposit
Your forex bonus at VantageFX will be based on your initial deposit. You get a 50% matching bonus on deposits up to $1,000 and a 10% matching bonus on any additional money you deposit.
Make a deposit by credit card, debit card, or bank transfer. Note that VantageFX requires a minimum deposit of at least $200 for a standard account or $500 for an ECN account. To get the best bonus value, we recommend depositing at least $1,000.
Step 3: Start Trading
Once you’ve funded your account and claimed your bonus, you’re ready to start trading. Use VantageFX’s trading platform to search for a currency pair. Enter the amount you want to buy or sell, set a stop loss or take profit price, and then click ‘Trade.’
Choosing a broker with a forex bonus can allow you to jump into forex trading with more funds and lower risk to your own money. The best forex bonus offers we found for 2021 are very generous – for example, brokers like VantageFX allow you to claim up to $20,000 in bonus cash!
Ready to claim your forex bonus? Click the link below to create an account with VantageFX and get a 50% bonus on the first $1,000 you deposit.
VantageFX – Best Forex Bonus Offer for 2021
Your capital is at risk.