Explore real forex bonuses: Top 10 brokers in 2026 and traps you must avoid

When you start looking for a forex broker, it’s like chasing the term “forex bonus.” But in reality, not every forex bonus you receive will make you rich or even withdrawable. This article will help you understand the true nature of forex bonuses and assist you in choosing the broker that best suits you.

What You Need to Know About Free Forex Bonuses

Before rushing into trading, you must clearly understand what the forex bonus actually is.

Forex bonuses are not cash you can immediately withdraw and spend. Instead, they are “trading credits” added to your account by the broker, which you can use to buy and sell assets. Forex bonuses are designed to:

• Reduce risk: Allow beginner traders to try trading without fearing loss of their own money
• Increase capital: Help you open larger positions (higher leverage)
• Test the platform: Experience real trading before depositing large amounts

Why do brokers give forex bonuses? The simple answer: to attract customers. The more traders trade, the more brokers earn from spreads (fees).

Types of Forex Bonuses and Their Different Conditions

Forex bonuses come in various forms, each designed to meet different needs. Knowing the differences helps you choose wisely.

No-Deposit Bonus

This is the best starting point for beginners. You receive a forex bonus immediately after registering and verifying your identity, without needing to deposit any money.

• Examples: XM offers $30, Tickmill offers $30, RoboForex offers $30
• Pros: Suitable for those unsure about trading
• Cons: If your profit doesn’t reach the required amount, you cannot withdraw

Deposit Bonus

When you decide to deposit real money, the broker adds a percentage bonus—often 50%, 100%, or even 200%.

• Example: Deposit $500 and get a 100% bonus, giving you $1,000 for trading
• Pros: Boosts your margin, making your account more robust
• Cons: Bonuses themselves are not withdrawable; only profits can be withdrawn

Welcome Bonus

The term “welcome” is a general name that may include multiple bonuses. It’s designed to guide new clients into trading step-by-step.

• Example: Mitrade divides it into 4 stages ($10 + $20 + $30 + $40) upon completing various tasks
• Pros: Helps you progress gradually, ensuring understanding at each step
• Cons: Tasks must be completed within certain timeframes

Conditions and Traps of Forex Bonuses

This is the “real” part of forex bonuses—conditions that often disappoint traders.

Trading Volume / Lot Turnover

Most brokers require you to trade a certain number of lots to unlock (convert) the bonus into real money.

• Example: To unlock a $30 bonus, you might need to trade 3 lots, which could cost nearly as much in spreads
• Calculation formula: Lot volume = bonus amount ÷ 2 (in many brokers)

Profit Caps

Most bonuses limit the maximum profit you can withdraw.

• Example: Tickmill allows withdrawal of only $30–$100 profit
• Disadvantage: If your profit exceeds the cap, the excess is lost

Deposit Before Withdrawal

A major trap: some brokers (like Tickmill) require you to deposit additional funds (e.g., $100) before you can withdraw profits from the bonus.

Expiration Date

Bonuses are not forever. They may expire after 30–90 days. Once expired, both bonuses and profits may disappear.

Strict Rule: No Withdrawal of Capital

Many beginners overlook that if you withdraw your initial deposit (your own money), the bonus is canceled immediately.

Top 10 Popular Forex Brokers with Bonuses in 2026

1. Mitrade – Step-by-Step Welcome Bonus

Mitrade, an Australian broker, offers a unique bonus system divided into 4 steps:

• $10: Just log in
• $20: After registration
• $30: Upon identity verification
• $40: After your first deposit

Completing all 4 steps grants a total of $100 in forex bonus.

Unlock system: Different assets have different conditions

• Gold (XAUUSD): unlocks $2 per 0.1 lot
• Oil (USOIL): unlocks $1.5 per 0.05 lot
• Currency pairs (EUR/USD, USD/JPY): unlocks $0.5 per 0.1 lot

Pros: Easy-to-understand system, user-friendly app, 4.6/5 Trustpilot rating

Cons: Tasks must be completed on time, trading required to unlock

Ideal for: Beginners wanting to learn step-by-step confidently

2. XM – $30 No-Deposit Bonus

XM is a well-known broker, especially in Thailand. Their forex bonus is a symbol of their brand.

Offer:

• No-deposit $30 bonus
• Up to $5,000 deposit bonus for those ready to invest

How to get: Register → Verify → Claim bonus

Conditions: Complete 0.1 standard lot and 5 trades to withdraw profits

Pros: Bonus never expires (as long as account is active), simple conditions

Cons: No multiple accounts (same IP cannot register again)

Ideal for: Beginners wanting to test trading seriously

3. Tickmill – $30 Welcome Account with Low Spreads

Tickmill is known for low spreads and fast execution, regulated by FCA (UK).

Offer: $30 in a welcome account

Withdrawal steps:

1. Trade in the welcome account and make a profit ($30–$100)
2. Open a real trading account and deposit $100
3. Email to transfer profits to the real account
4. If approved, you can withdraw

Pros: Very low spreads, allows EAs

Cons: Complex withdrawal process, deposit required first

Ideal for: Scalpers wanting to test spreads

4. RoboForex – No Strict Lot Conditions

RoboForex, under FSC and member of The Financial Commission (compensation fund up to €20,000).

Offer: $30 bonus

How to claim:

1. Open Pro or ProCent account
2. Verify identity, address, phone
3. Deposit $10+ via bank card
4. Enter code in member area

Pros: No strict lot conditions, profits withdrawable immediately, bonus supports margin and drawdown

Cons: Minimum deposit of $10

Ideal for: Small capital traders wanting support

5. FBS – 100% Deposit Bonus

FBS is popular in Asia for high leverage and thick bonuses.

Offer:

• 100% deposit bonus on first deposit
• 60% bonus on subsequent deposits

Example: Deposit $500, get $500 bonus, total $1,000 for trading

Pros: Significantly increases margin, suitable for large lot trading

Cons: Bonus cannot be withdrawn; if equity drops below bonus, bonus is lost

Ideal for: Aggressive traders seeking high leverage

6. FxPro – Cash Bonus and Referral Rewards

FxPro, with a long history and multiple awards, regulated by FCA and CySEC.

Offer:

• 100% deposit bonus (up to $1,000)
• Referral program: $50 cash per friend (both parties)

Pros: Referral rewards are real cash, withdrawable

Cons: Need friends to sign up, trading conditions apply

Ideal for: Community-based traders

7. HFM – Time-Limited 100% Deposit Bonus

HFM, popular in Thailand, regulated by FSCA, FCA, FSC, CySEC.

Offer: 100% deposit bonus (up to $200) for a limited time

Other features:

• Referral bonus: up to $200
• Loyalty program: points accumulation
• Contests: cash prizes

Conditions: Trade lot = bonus ÷ 2 to withdraw bonus (e.g., $200 bonus = 100 lots)

Pros: Possible to withdraw bonus if trading lots are met

Cons: Lot requirement is high

Ideal for: Frequent traders aiming to meet lot targets

8. IUX Markets – Double Bonus System

IUX Markets, rising fast with quick tech and high leverage, regulated by ASIC, FSC Mauritius, FSCA.

Offer:

• 35% bonus: up to $300 deposit
• 25% bonus: subsequent deposits
• Total bonus up to $3,300

Pros: Bonus supports drawdown, quick deposits/withdrawals

Cons: Bonuses are not withdrawable

Ideal for: Day traders needing margin support

9. GMI Markets – Bonus to Support Drawdown

GMI Markets, known in Thailand, with stable servers and bank deposits, regulated by FCA, VFSC, FSC.

Offer:

• 15%-20% bonus on deposits
• Up to $5,000 bonus

Pros: Bonuses help sustain drawdown even if principal is lost; bonus remains

Cons: Bonuses cannot be withdrawn as cash

Ideal for: Safety-focused traders

10. JustMarkets – Generous Bonuses 50%-120%

JustMarkets, famous for generous bonuses, offers various account types under CySEC, FSA, FSC.

Offer:

• 50% bonus: deposit up to $100
• 100% bonus: deposit $100+
• 120% bonus: deposit $500+
• Max bonus: $40,000

Pros: High percentage bonuses, large maximum amount

Cons: Strict rule: if you withdraw any funds, bonus is canceled immediately

Ideal for: Traders needing large margin support

Common Mistakes with Forex Bonuses

1. Getting excited over large bonus amounts

Seeing a $40,000 bonus and thinking it’s real money—wrong! It’s trading money, tightly controlled. If you withdraw everything, the bonus disappears.

2. Not reading conditions carefully

“Trade 100 lots to unlock” sounds easy, but it might take months or a year to complete.

3. Forgetting IP restrictions

Registering multiple accounts from the same home or Wi-Fi can lead to bans.

4. Withdrawing all funds

Withdrawing your initial deposit thinking it’s just a small move—the bonus and open positions may be canceled or stop out immediately.

5. Trading assets that are restricted

Some bonuses prohibit trading crypto or news events; trading them may void the bonus.

Summary Table

Final Tips: Choosing the Right Forex Bonus?

Forex bonuses are not “free money” to just grab. They are tools that, if used correctly, can improve your trading experience. Choose bonuses based on your goals:

• Beginners: Mitrade or XM – learn and earn
• Want low spreads: Tickmill
• Need large margin: JustMarkets or GMI
• Want withdrawable bonuses: HFM
• Trade frequently: RoboForex or FxPro

Reminder: The best forex bonus is the one that aligns with your trading goals. The highest bonus doesn’t guarantee you can withdraw it—use bonuses wisely to enhance your trading journey.