Home » Beginners Guide » Brokers with Welcome Bonus 2024 (Ultimate Guide)

Brokers with Welcome Bonus 2024 (Ultimate Guide)

Investing in financial markets can be a daunting journey, especially if you’re just getting started. Thankfully, some brokers offer attractive welcome bonuses to new traders, providing you with extra funds to start trading. In this guide, we’ll look at brokers with welcome bonuses, explaining how they work, what to look out for, and how you can benefit from these offers.

If you are in a hurry, then take a quick look take a quick look at our top 5 picks of the 10 for the brokers with welcome bonus:

BrokerWelcome BonusRegulationPlatformsBroker
XM$30 no-deposit + 50% deposit up to $500FCA, ASIC, CySECMT4, MT5VISIT BROKER
HotForex100% super-charged bonus up to $50,000FCA, FSCA, DFSAMT4, MT5VISIT BROKER
Tickmill$30 no-deposit bonusFCA, CySEC, FSCAMT4, MT5VISIT BROKER
FBS$100 no-deposit + 100% deposit up to $10,000IFSC, CySECMT4, MT5VISIT BROKER
InstaForex100% deposit bonusCySEC, BVI FSCMT4, MT5VISIT BROKER

What Is a Welcome Bonus?

A welcome bonus is a promotional offer that brokers provide to new clients as an incentive to open and fund a trading account. These bonuses come in different forms, such as deposit bonuses, no-deposit bonuses, cashback offers, or even free trades.

The main purpose of these bonuses is to attract new customers and give them an advantage by providing extra funds or benefits to kick-start their trading experience.

Types of Welcome Bonuses Offered by Brokers

i) Deposit Bonus

The most common type of welcome bonus is the deposit bonus. Brokers will offer a percentage of your initial deposit as a bonus. For instance, if a broker offers a 50% deposit bonus and you deposit $1000, you will receive an additional $500 in your trading account.

ii) No-Deposit Bonus

This is one of the most attractive types of bonuses, especially for beginners. A no-deposit bonus allows you to start trading without depositing any funds. It’s usually a small amount like $10, $25, or $50, but it gives you a feel for the platform and the market without any financial commitment.

iii) Cashback Offers

Some brokers reward traders with cashback on trades, which is a type of rebate for frequent traders. Cashback bonuses usually depend on the trading volume and are credited to the trader’s account at regular intervals.

iv) Free Trades or Risk-Free Trades

A less common but useful bonus is the offer of free trades or risk-free trades. These bonuses allow you to make a certain number of trades without the risk of losing your funds. If the trade goes well, you keep the profits. If not, the broker covers your losses for the specified number of trades.

    How to Choose a Broker with a Welcome Bonus

    While the idea of receiving free money to start trading sounds great, it’s essential to be cautious when choosing brokers offering these bonuses. Here are some critical factors to consider:

    a) Regulation and Security

    Always ensure that the broker is licensed and regulated by reputable financial authorities. Unregulated brokers may offer tempting bonuses, but they may also put your funds at risk. Look for brokers regulated by authorities such as the FCA (Financial Conduct Authority), CySEC (Cyprus Securities and Exchange Commission), or ASIC (Australian Securities and Investments Commission).

    b) Bonus Terms and Conditions

    Brokers often have specific terms and conditions attached to their bonuses. For example, you may need to trade a certain amount (called the trading volume requirement) before withdrawing the bonus or any profits earned from it. Make sure to read the fine print so that you understand any limitations or restrictions.

    c) Trading Platform and Tools

    A user-friendly trading platform with robust tools is crucial for your success. Check if the broker’s platform is suitable for your needs and whether they offer tools like charting software, technical analysis, and educational resources.

    d) Customer Support

    Good customer support can make a huge difference, especially for beginners. Look for brokers that offer reliable and accessible customer service in your preferred language.

    e) Spreads and Fees

    High spreads and fees can eat into your profits, so ensure that the broker offers competitive rates. Some brokers may offer generous bonuses but charge higher fees elsewhere, so it’s essential to evaluate the overall cost of trading with that broker.

    Here are some of the most reputable brokers currently offering attractive welcome bonuses:

    1. XM

    XM is well-regarded for its low spreads and extensive educational resources, making it an excellent choice for both beginners and experienced traders. Their no-deposit bonus allows you to start trading immediately, and their deposit bonus gives extra funds to boost your capital.

    Bonus: $30 no-deposit bonus + 50% deposit bonus up to $500
    Regulation: FCA, ASIC, CySEC
    Platform: MT4, MT5

    2. HFM

    HotForex offers one of the largest bonuses available, ideal for those with larger deposits. They are known for strong regulation and excellent customer service.

    HotForex
    Bonus: 100% super-charged bonus up to $50,000
    Regulation: FCA, FSCA, DFSA
    Platform: MT4, MT5

    3. FBS

    FBS is popular for its generous bonuses and easy-to-use platform. They also have low minimum deposits, making it a great choice for new traders.

    FBS
    Bonus: $100 no-deposit bonus + 100% deposit bonus up to $10,000
    Regulation: IFSC, CySEC
    Platform: MT4, MT5

    4. RoboForex

    RoboForex provides multiple bonus options and has a strong reputation for offering some of the best trading conditions for beginners and professionals alike.

    RoboForex
    Bonus: 30% welcome bonus + 60% profit share bonus
    Regulation: IFSC
    Platform: MT4, MT5, cTrader

    5. InstaForex

    InstaForex is known for its generous 100% deposit bonus, which effectively doubles your initial deposit. This makes it an attractive option for traders looking to maximize their trading capital. InstaForex also offers educational resources and trading contests.

    Bonus: 100% deposit bonus
    Regulation: CySEC, BVI FSC
    Platform: MT4, MT5

    6. Tickmill

    Tickmill offers a solid $30 no-deposit bonus, allowing new traders to start trading without committing their own funds. With its low spreads and fast execution, Tickmill is a favorite among both beginners and experienced traders.

    Bonus: $30 no-deposit bonus
    Regulation: FCA, CySEC, FSCA
    Platform: MT4, MT5

    7. Exness

    Exness offers a more modest 10% deposit bonus but compensates with some of the tightest spreads in the industry. It’s an excellent choice for professional traders looking for competitive trading conditions.

    Bonus: 10% deposit bonus
    Regulation: FCA, CySEC
    Platform: MT4, MT5

    8. OctaFX

    Bonus: 50% deposit bonus
    Regulation: CySEC
    Platform: MT4, MT5, cTrader
    OctaFX provides a 50% deposit bonus, making it an appealing option for traders wanting to boost their initial capital. OctaFX is also known for its user-friendly platform and award-winning mobile app, making trading on the go easy.
    Popular keyword examples: “OctaFX trading bonus,” “Top mobile forex brokers with bonuses.”

    9. JustForex

    Bonus: 100% deposit bonus
    Regulation: IFSC
    Platform: MT4, MT5
    JustForex is another broker offering a 100% deposit bonus, which effectively doubles your trading capital. Their easy-to-use platform and high leverage options make it ideal for traders looking to grow their accounts quickly.
    Popular keyword examples: “JustForex bonus offer,” “Forex brokers with high leverage and bonus.”

    10. Libertex

    Bonus: Up to $200 welcome bonus
    Regulation: CySEC
    Platform: Proprietary, MT4
    Libertex offers a tiered welcome bonus based on your deposit, up to $200. Known for its zero-spread trading model, Libertex allows traders to focus on more predictable trading costs, with no hidden fees or spreads.
    Popular keyword examples: “Libertex no-spread broker,” “Zero-spread brokers with bonuses.”

    Bottom Line

    Brokers with welcome bonuses can provide a significant boost to your initial trading capital, making them an attractive option for traders of all experience levels. However, it’s essential to choose a regulated and reliable broker, carefully review the terms and conditions, and ensure that the broker’s platform suits your trading needs.

    Each broker offers something unique, so select the broker that aligns with your trading style, financial goals, and comfort level. However we highly recommend XM and AvaTrade.

    By following this guide, we hope you are equipped to choose the best broker with a welcome bonus that aligns with your trading goals.

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