A no deposit bonus forex offer lets you open a live account and receive trading credit without funding it first. The best offers are small, clearly written and tied to a broker you can verify. Most of them disappear quickly, and many of the ones you find online were never real. Some brokers hide withdrawal conditions in the fine print, and others have no regulator behind them at all. If you are in the Philippines and want to try live trading without a deposit, here is what to check and which brokers are worth a look.
📑 Table of Contents
- What a Legit No Deposit Bonus Forex Offer Looks Like
- 1. Windsor Brokers: $30 No Deposit Credit
- 2. XM Group: $30 No Deposit Bonus
- 3. JustMarkets: Welcome and No Deposit Offers
- 4. Tickmill: No Deposit and Sign-Up Promotions
- 5. HFM: Free Bonus and Promotions
- 6. FBS: $100 No Deposit Bonus
- 7. InstaForex: Free Trading Credit
- Quick Comparison of the 7 Brokers
- Choosing an Offer Worth Claiming
- FAQ
What a Legit No Deposit Bonus Forex Offer Looks Like
A trustworthy offer comes from a broker regulated by a recognized authority, states its withdrawal terms in plain language, and credits the bonus without asking for a deposit first. Expect small amounts, usually $10 to $100. Claims of a $10,000 no deposit bonus are almost always demos or marketing bait.
Before you register, run through this short checklist:
- Find the broker’s license number and search it on the regulator’s public register.
- Confirm that the legal entity named in your client agreement matches that register.
- Read the bonus terms in writing, including the lot volume, profit cap and expiry date.
- Check that the offer is available in your country, not just listed somewhere on the site.
Below are 7 regulated brokers offering a free sign up bonus, checked for 2027. For each one we cover the bonus amount, the regulator, the profit withdrawal rules and the main risks. Listings change often, so use them to compare quickly, then confirm the live terms yourself.
1. Windsor Brokers: $30 No Deposit Credit
Windsor Brokers launched in 1988, which makes it one of the oldest names in online forex. Its $30 no deposit credit is a classic sign up bonus. You open a live account, verify your identity, and the credit appears without a deposit.
| Item | Detail |
|---|---|
| Bonus | $30 trading credit |
| Deposit needed | None |
| Account type | Live, ID verification required |
| Best use | Testing live execution and spreads |
Promotions change often, so confirm the current amount and your country’s eligibility on the broker’s own promo page.
Withdrawal terms and profit limits
The credit is a trading tool, not cash. You cannot withdraw the $30 itself, only profits made with it. Those profits usually unlock after you complete a minimum trading volume and pass verification. Bonuses like this often carry a profit cap and an expiry date, so find both clauses before your first trade.
Regulation and legitimacy checks
Windsor has held licenses from regulators including CySEC in Cyprus and the CMA in Kenya. Group entities change over time, so confirm which legal entity holds your account. Clients outside Europe are often onboarded under a different entity with weaker investor protection. Search the license number on the regulator’s public register, such as the register of the UK’s Financial Conduct Authority for FCA-licensed firms, and match it to the entity in your client agreement.
This offer suits beginners who want to test real order execution. The risks are plain: the credit is small, the volume requirement can push you to overtrade, and your regional entity may offer less protection than the headline license suggests. Treat it as a low-cost audition, not income.
2. XM Group: $30 No Deposit Bonus
XM Group offers a $30 no deposit bonus to new clients as a one-time trading credit. You register a live account, verify your identity, and the credit arrives without a deposit. XM has paused or restricted the offer in some regions, so check availability for 2027 on its promotions page before you register.
Withdrawal terms and profit limits
XM treats the credit as non-withdrawable. If you request a withdrawal, the bonus is removed from your account. Profits can be withdrawn once you meet the trading volume rule and complete verification. The lot requirement changes between promotions, so read the current terms carefully.
Regulation and legitimacy checks
XM operates through several entities. The European arm is licensed by CySEC, while many clients in Asia are served by XM Global Limited, which is regulated in Belize. That license offers less investor protection than a CySEC or ASIC license. The logo on the homepage tells you little; the legal entity in your agreement tells you everything.
XM suits traders who want a long track record and plan to move to a funded account later. The risks are the small amount, the volume requirement, and offshore protection if your entity sits outside Europe.
3. JustMarkets: Welcome and No Deposit Offers
JustMarkets, formerly JustForex, has run a small no deposit welcome credit, historically around $30, alongside deposit bonuses. Amounts and regional availability change, so confirm the current figure first. The claim process is simple: open a live account, verify your identity, then claim the bonus from your personal area. For a closer look at a separate JustMarkets welcome offer, see our JustMarkets $100 no deposit welcome bonus article.
Withdrawal terms and profit limits
As with most credits, the bonus itself is not withdrawable. Only profits are, and usually after you meet a trading volume rule. Check three clauses in the current terms: the required lot volume, the maximum profit you can cash out, and the expiry date for unused credit.
Regulation and legitimacy checks
JustMarkets operates through several entities, with licenses reported from regulators such as the FSCA in South Africa and the FSC in Mauritius. Clients in the Philippines are typically served by an offshore entity, which usually means lighter investor protection than an EU license. Verify the entity on the regulator’s register, not on the broker’s homepage.
This one suits beginners who want low-cost accounts and a simple claim process. The risks are the small credit, volume rules that tempt you to overtrade, and offshore oversight. Withdraw a small profit early to test the payout process.
4. Tickmill: No Deposit and Sign-Up Promotions
Tickmill is better known for tight spreads than for giveaways, so its no deposit offers are occasional and region-limited. When one runs, it is usually a small welcome credit for new live accounts. Check the promotions page for availability in the Philippines. If nothing is listed, there is no no deposit bonus forex offer from Tickmill for you right now.
| Item | Detail |
|---|---|
| Bonus | Small welcome credit, when offered |
| Deposit needed | None for the credit |
| Availability | Varies by region and entity |
Withdrawal terms and profit limits
Expect the usual structure. The credit stays in the account as trading margin, and only profits can be withdrawn, typically after a volume requirement and full verification. Confirm the lot volume, any profit cap and the expiry date in the written promo terms. A broker that rarely runs bonuses is not a red flag, but a bonus with no written terms is.
Regulation and legitimacy checks
Tickmill holds licenses from regulators including the FCA in the UK, CySEC in Cyprus, and the FSCA in South Africa. UK and EU clients get the strongest protection, yet they generally cannot claim these bonuses. Clients in the Philippines are usually onboarded to an offshore entity, so match the entity in your client agreement to the regulator’s public register.
This suits traders who value low spreads and a strong regulatory record over bonus size. The main risks are that the offer may not exist when you look, the credit is small, and offshore oversight is thinner than the headline licenses imply.
5. HFM: Free Bonus and Promotions
HFM, formerly HotForex, runs promotions that rotate often. It has offered small no deposit welcome credits in the past, but its main offers today are tied to deposits. If a credit is live for your country, claim it from your client area after verification. If none is listed, do not expect a free bonus for forex here.
| Item | Detail |
|---|---|
| No deposit credit | Small, only when offered |
| Other promotions | Deposit bonuses, loyalty rewards |
| Check first | Eligibility for the Philippines |
Withdrawal terms and profit limits
The credit works as trading margin, not cash. Only profits are withdrawable, usually after a lot volume requirement and ID checks. Deposit-linked credit bonuses can be removed if you withdraw your own funds, so read that clause before you request a payout.
Regulation and legitimacy checks
HFM reports licenses from regulators including the FCA, CySEC, the DFSA in Dubai, and the FSCA in South Africa. Those entities mostly serve clients in their own regions. Traders in the Philippines are typically placed with an offshore entity, which carries lighter investor protection. A top-tier license in the footer protects only the clients of that entity.
HFM suits traders who want a broad promotions menu and plan to fund an account later. The no deposit credit may not exist when you look, the amount is small, and volume rules can push you to overtrade.
6. FBS: $100 No Deposit Bonus
FBS has promoted a $100 no deposit bonus under names like “Trade 100”, making it one of the larger forex free bonus offers you will see. You register, verify your identity, and the credit lands in a live account without a deposit. Promo names and amounts shift, so confirm the live offer on FBS’s promotions page before you sign up.
| Item | Detail |
|---|---|
| Bonus | Up to $100 credit, when running |
| Deposit needed | None |
| Check first | Eligibility for the Philippines |
Withdrawal terms and profit limits
The credit itself stays locked, and only profits can be withdrawn after you meet a trading volume rule and pass verification. Bigger credits tend to carry tighter conditions, so read the terms line by line. Pay attention to the required lot volume, the maximum profit you can cash out, and the time limit to complete the conditions.
Regulation and legitimacy checks
FBS works through several entities. Its European arm has held a CySEC license, but traders in Asia are usually served by FBS Markets Inc., regulated in Belize. That setup offers lighter investor protection than an EU license. A bigger bonus does not make a broker safer, so check the license before you claim.
FBS suits traders who want a larger credit to practice position sizing on a live account. The risks are real. A $100 credit invites oversized trades, volume rules push you to overtrade, and offshore oversight leaves you with fewer options if a payout is disputed. Trade small, and read our guide to forex risk management before you size a position.
7. InstaForex: Free Trading Credit
InstaForex has a long record of promotions, including no deposit trading credits for new live accounts. The amount and rules shift between campaigns. You register, verify your identity, and activate the credit in your personal area. Check what is live for the Philippines on the InstaForex promotions page before you sign up.
Withdrawal terms and profit limits
The credit itself is not withdrawable, and profits are paid only after you meet a trading volume rule. Some promotions also add a profit cap or an expiry window, so read each clause in the written terms, including the required lot volume, the maximum withdrawable profit and the expiry date.
Regulation and legitimacy checks
Regulation is the weak point of this offer. InstaForex has been linked to a CySEC-licensed EU entity, but most international clients are served by an offshore entity with little investor protection. Whether this is a legit no deposit bonus forex offer depends on the entity in your client agreement, so look for that entity on a regulator’s public register. If you cannot find it there, treat the bonus as a risk, not a gift.
InstaForex suits experienced traders who understand offshore risk and want a free credit to test the platform. Keep the account small and never deposit more than you can afford to lose.
Quick Comparison of the 7 Brokers
| Broker | No deposit credit | Licenses mentioned |
|---|---|---|
| Windsor Brokers | $30 | CySEC (Cyprus), CMA (Kenya) |
| XM Group | $30 | CySEC (EU arm), XM Global Limited (Belize) for many Asian clients |
| JustMarkets | Historically around $30 | FSCA (South Africa), FSC (Mauritius) |
| Tickmill | Occasional, region-limited | FCA (UK), CySEC (Cyprus), FSCA (South Africa) |
| HFM | Mostly deposit-linked; check for live credits | FCA, CySEC, DFSA (Dubai), FSCA (South Africa) |
| FBS | $100 (“Trade 100” promotion) | CySEC (EU arm), FBS Markets Inc. (Belize) for many Asian clients |
| InstaForex | Varies by campaign | CySEC-linked EU entity; offshore entity for most international clients |
Choosing an Offer Worth Claiming
A legit no deposit bonus forex offer is small, written down, and tied to a broker you can find on a regulator’s register. Every broker above follows the same pattern: the credit stays locked, and only profits can be withdrawn after a volume requirement is met. The real difference is oversight, and your protection depends on the entity in your agreement, not the logo on the homepage.
Before you claim anything, confirm the legal entity and read the profit cap and expiry clauses. Then trade small and withdraw a modest profit early to test the payout. For more options, compare the best no-deposit forex bonus list, and always check live terms before you register.
FAQ
Is a no deposit bonus forex offer really free?
You do not have to deposit money to receive the credit, but it usually cannot be withdrawn. Only profits made with it can be paid out, and only after you meet the broker’s volume and verification conditions.
How much is a typical no deposit bonus forex credit?
Legitimate offers are usually between $10 and $100. Claims of $10,000 or more are almost always demo accounts or marketing bait.
Can I withdraw the bonus amount itself?
In most cases, no. The credit works as trading margin, and you can withdraw only the profits you earn with it, after the required lot volume is met.
How do I check whether a broker is regulated?
Find the license number on the broker’s site and search it on the regulator’s public register. Then match the legal entity name in your client agreement to that register.
Why does the legal entity matter?
Clients in the Philippines are often onboarded to an offshore entity with lighter investor protection than an EU or UK license. The entity in your agreement determines which rules apply to you.
