List of deposit brokers

Huge forex bonuses

If they are NDD or fill the orders internally by matching the orders (you sell, someone buys and the broker matches it together) if the broker is DD. US brokers are banned from letting their clients hedge according to the US regulations but other brokers including the brokers introduced here don’t generally have any problems with that.

List of deposit brokers

Forex no deposit bonus list

Here’s a list of the forex brokers offering no deposit bonus or free bonus in 2021. You can also see if they really give you the bonus by checking out the review section on the table which is based on my experience.

There’s a concise version of the terms and conditions of the forex brokers’ no deposit bonuses in the table as well.

Forex brokers with no deposit bonus

Unlimited
after 2 lotsunlimited

YES
/
YES
lot size(0.01– ∞)
MAX leverage 1:500 get bonus

* ID is your identification documents such as passport, ID card, driver’s license, and etc. POD is proof of address such as utility bills, bank account statement or any official documents that have your address on.

** some no deposit bonuses need some kind of deposit. For more information read this part of the following post

For more information about the different parts of the no deposit bonus list, you can read the following post. You can also find the section you want on the table of contents below.

You can also watch this video which is a summary of this post and the conditions of these no deposit brokers.

You'll see in this article:

What is forex no deposit bonus?

Forex no deposit bonus is somehow free money that some brokers offer in order to attract clients.

It’s a welcome bonus that brokers offer to their new clients so you can only receive that once.

Not only can’t you receive the bonus for yourself more than once, but you also can’t ask for the bonus with the identification of your family members. We’ll talk about this more in the next section.

For receiving forex no deposit bonus, you don’t need to deposit any money first. In most cases, you don’t need to deposit any money at all.

You can trade and make profit with the bonus account and then you can withdraw either the profit or both the bonus and the profit gained from the bonus.

Do you need to deposit any money to get no deposit bonus?

That’s a weird question, isn’t it? If it’s called no deposit, why I might need to deposit any money?

Well, normally you don’t need to deposit any money to receive the bonus or even withdraw it. You can trade using the bonus and then either withdraw the profit or in some cases withdraw both the bonus and the profit.

You can call it a free no deposit bonus.

On the other hand, there are some bonuses that you need to deposit a small amount of money to get the bonus. For example, you want to use a $30 bonus but first, you have to deposit $10 to be eligible for receiving that.

There are several reasons that brokers give for this deposit.

Sometimes the small deposit acts as a verification method for your account. If this is the case, you can withdraw your money after receiving the bonus in some cases.

In another type of such a requirement, the amount of bonus is far more than usual such as $500 or 1000. In these cases, you have a limited time to trade with the bonus account and make as much profit as you can, then deposit up to the profit you’ve gained.

For example, the bonus is $1000. You have 7 days to trade and make as much money as you can. You make $500 within the 7 days. Now, you have to deposit $500 to keep the $500 profit or you can deposit less but you can keep less profit.

If you deposit $300 in the example above, your profit becomes $300 instead of $500.

For more information about the specific conditions of these bonuses, go to the review related to the broker by clicking on the see review button in the list.

Forex no deposit bonus terms and conditions

Although forex no deposit bonus is a good opportunity to build your account and find some money for trading, the conditions of trading with these types of accounts are not completely similar to usual accounts.

In other words, no deposit bonuses come with some terms and conditions designed by forex brokers.

There could be various reasons for making these kinds of conditions….

…but the main reason could be:

They don’t like to give away money to someone who doesn’t bring profit to them. I’m not saying they want to deceive you or not to necessarily give you the bonus if you are profitable but like every other business, it’s a matter of give-and-take.

They expect you to give them profit by trading normally and give them spread, no matter if you win or lose, but if you use a strategy that may cause them trouble in any way just to get the bonus and then disappear, you might cross their line and have problems with them.

They also like the clients that use this bonus as a way of knowing the different aspects of the brokers.

Those kinds of clients will deposit more money later and trade with a larger account, therefore, the brokers can make chubbier profits.

All in all, whether you just want to gain the bonus or you decide to become familiar with the broker, you probably won’t have problems with them if you go by the terms and conditions of their no deposit bonuses.

Common terms and conditions

There are some common clauses that you see in all terms and conditions of the forex no deposit bonuses.

As I said in the previous section, you can’t ask for the bonus more than once and none of your family members can ask for the same bonus either.

Even if someone else requests for the bonus through your device (computer, mobile, etc.), or via your internet service (the same IP address); they won’t give you the bonus and even if they will in the first place, they’ll cancel that later.

With that said, you are prohibited to use any kinds of internet proxies such as VPN, VPS, or any other methods that hide or change your IP address.

The next condition is that they withhold an absolute right to either reject your request for the no deposit bonus or cancel that at any time and at their own discretion without giving you the reason and based on the rules.

They probably wouldn’t do that if you follow their rules because first, they don’t want to lose good clients and second, they don’t want to see massive defamatory reviews throughout the internet.

The mentioned rules are in common between all the forex brokers offering no deposit bonus but there are some conditions that vary from broker to broker.

That’s why I’ve made this comparison table and concise review of forex no deposit bonuses for different brokers so you can have a better understanding of the bonuses in general and their different terms and conditions in particular.

You can also see more in-depth reviews specifically for the no deposit bonus of the brokers by clicking on the see review button in the list.

I’m going to talk about the different conditions that you see in the table but before that, I think it’s worth mentioning that:

How do I review brokers offering forex no deposit bonus

All these no deposit reviews are based on my experience with the forex brokers from requesting and receiving or not receiving the bonus to going through terms and conditions of them.

I’ve also asked them various questions via email and live chat in case of ambiguity or unavailability of information regarding the terms and conditions of the bonus.

The next metric I consider is brokers’ regulation. It’s hard to trust brokers without being regulated by at least one regulatory body.

Even some regulated brokers act insincerely towards some clients let alone non-regulated ones.

Anyway, I’ve just started testing the brokers offering no deposit bonuses so I’ll add more to the list. You can visit this page every now and then to find more.

In case you have doubts about any of them, you can either read the conditions on their website or ask them by yourself.

All in all, use the information on this page at your own discretion.

Now let’s take a closer look at the parts of the forex no deposit bonus list or table.

Forex no deposit bonus withdrawal and profit withdrawal

There is a difference between brokers on withdrawablity (I’m not sure it’s even a word) of the no deposit bonus itself.

Some brokers’ bonus is withdrawable and you can take it out of your account after trading a specific amount of lots. In other words, although you can withdraw the bonus, you can’t withdraw that right away but you can trade and release that.

On the other hand, some brokers’ bonus is not withdrawable whatsoever. It’s only designed so that you can trade and make a profit out of that.

After that, you can withdraw the profit but again, you can’t take it out without meeting some conditions. In this type of bonus, you also need to trade a required number of lots before withdrawing the profit.

Most brokers’ no deposit bonus is in the second category where you can only withdraw the profit, not the bonus itself; however, there are a few brokers that offer the withdrawable bonus.

You can find this in the bonus and profit withdrawal column of the list.

Expiration period

Sometimes, there’s a limitation on the period you can trade with the forex no deposit bonus account. Not all brokers have this condition but most of them do.

To be honest, I haven’t found any meaningful connection between the bonus duration and other factors of the bonus.

There are even some brokers that don’t have any limitations on trading period using the bonus.

You should consider this along with the required lots to see if you can meet them. If your strategy doesn’t generate enough tradable positions, you might consider going with the brokers that have longer time period or even pick the ones with an unlimited period.

Be careful, if the bonus period comes to an end, your open trades or positions will be closed automatically at the market price, so it can be a good idea to trade carefully during the last day.

Required lots for releasing bonus and profit

We’ve touched on this one to some extent. As you know now, the forex no deposit bonus and/or the profit gained from that isn’t withdrawable right away.

You need to trade a number of lots to redeem that. Again, there isn’t a common rule for determining that and every broker has its own calculation to set the number.

I think this is one of the hardest parts of the offer and somehow unfair.

Ok, this is free money, or free with some strings attached, but they can loosen up the attachments a little bit.

You definitely can’t train or hold a solid money management. It can grow bad trading habits if you are not aware of what you do and adopt that destructive habit.

However, without breaking some money management rules, it seems impossible to make a profit from some of the no-deposit bonuses.

I think the best strategy for that is to be more aggressive in the early stage and after building up the account, you can take a tighter approach.

For example, instead of risking 2 or 5 percent of your account, go with the 20 percent at first if your strategy doesn’t show you enough setups to trade.

On the other hand, if you can find more positions to trade, you can risk less percentage for each trade and the high number of trades would make up for that.

By the way, be careful not to push it by generating meaningless and countless trades and lots because your bonus will be in danger of cancelation by the broker. Maybe it could be a good idea to ask them how much risk is allowed per trade.

To sum it up, you have to find a way to meet the required lots within the time period but before that, make sure to read the conditions of the brokers so that you can pick the one that suits you the most.

Forbidden strategies for forex no deposit bonus

Expert advisors (eas), scalping, and hedging are the main strategies that most brokers have problems with when it comes to their no deposit bonus offers.

Most of the brokers normally allow these strategies specially eas and scalping but they don’t like them for the bonus accounts.

Why is scalping not allowed for no deposit bonus?

Basically, when you scalp, you send the broker lots of orders in a short period of time so they have to manage the orders quickly either by sending them to liquidity providers such as banks, financial institutions, etc. If they are NDD or fill the orders internally by matching the orders (you sell, someone buys and the broker matches it together) if the broker is DD.

In a nutshell, you bring them lots of work that should be worth it for them to do.

If you have a large account, most of the brokers don’t have any problems with scalping because first, you trade in a large number with high lots and it means more commission for them.

Secondly, it’s so much easier for them to fill larger orders than smaller ones.

For example, their liquidity provider has a $100k sell order on GBP/USD (a british has sold something to an american and received dollars and now wants to exchange it for pounds).

Now the broker wants to fill its client’s orders with that $100K. 100 buy orders, each with100 lots can do the work but how many buy orders with 0.1 lots are needed to do the same job? You’ll do the math.

If you don’t scalp and give them time, it’s not a big deal and they find smaller orders like you to match or even hedge that (fill it by themselves to find the right price) but when you send them lots of small orders with different price every minute, it becomes harder for them to find your requested price and they can’t always hedge that because they can’t calculate the risk if there are numerous orders.

You give them a very small commission or spread and lots of orders that they need to hedge so for them it’s not worth risking in some cases.

We’re not talking about one scalper here with whom the broker might have problems. They can handle some but lots of them, they might get into trouble.

Having said that, most reputable brokers don’t generally have problems with scalping nowadays even with small accounts when you want to trade with your own money.

They don’t accept scalping for their no-deposit offers because I think the bonus account holders are a big chunk of their clients. What if a part of them were scalpers with a small bonus account!!

We give you free money to trade and now we have to handle lots of scalpers with small accounts as well? No thanks.

To be fair, that’s not an irrational argument and we shouldn’t blame them for that. In this case, they’re somehow right.

Hedging is not allowed

Another strategy that is forbidden when trading with a forex no deposit bonus account is hedging.

In simple words, hedging means: trading the opposite side of your current position.

Mostly, traders do that because they want to lock their trades when it’s in the red and they’re losing money so they lock the position to reevaluate the situation.

For example, you buy EUR/USD at 1.1168. The price goes against your favor and gets to 1.1145 so you decide to sell that in order to lock your position and your loss. Then you can reanalyze and decide later which side you want to unlock.

On the other hand, you may be in the profit and suddenly the market gets highly volatile, for example as a result of important news, so you decide to lock your profit to see what will happen when the excitement subsides.

US brokers are banned from letting their clients hedge according to the US regulations but other brokers including the brokers introduced here don’t generally have any problems with that.

However, when it comes to the no deposit bonus accounts, most of them don’t allow that. I couldn’t find any logical answer for that and none of them gave me a reasonable answer.

Why is eas not allowed for forex no deposit bonus?

The next method that some brokers don’t allow especially in the no deposit bonus accounts is using automated trading or as we know it in forex : eas.

Most of the brokers don’t have any problems with eas in general but they prohibit this kind of method for no deposit accounts.

I asked the ones that don’t allow eas and they told me:

Because this type of account is more like a training account for beginners so eas can’t help them to become a trader. Moreover, they don’t know automated trading well so they would probably choose the wrong and losing eas and blow the account.

I’m not sure how convincing the answer could be but that’s one of the conditions that some of the brokers have for this type of account.

However, they said this condition is only for no deposit accounts and if you deposit your own money everything’s allowed.

In conclusion, if you don’t use any of those three methods, you probably won’t have any problems with the brokers’ no deposit accounts.

Type of accounts

There are two important factors in the type of no deposit accounts we need to pay attention to.

As long as these types of accounts are small and in most cases we have a limited time period for releasing the required lots, having more options for lot size can be an advantage.

If we are bound to just one lot size like 0.01 and have limited time to trade, releasing required lots is absolutely hard to pull off.

However, it can be a good opportunity from training perspective because if you are a newbie, you can’t blow up your account quickly — actually you still can but it takes a little bit longer ��

On the other hand, if you have more choices for lot size, you can diversify your trading by using different methods as we talked earlier — you can trade with bigger lots at first and modify that when your account is chubbier.

The second important factor is leverage. Leverage is a double-edged sword. It can be both to the benefit of you and your enemy.

Having more leverage basically means having more money to trade and risking higher. You can win more if you are a profitable trader but you can raze your account to the ground sooner if you don’t know what you’re doing.

In general, for smaller accounts, you can risk more so having larger leverage can come in handy especially for no deposit bonus accounts.

In no deposit account, not only do you have a few bucks to trade but you also have a limitation on time and sometimes on lot size so you need all the possible money for that in general.

The bottom line

Forex no deposit bonus is an opportunity for beginners who haven’t tried live accounts and want to leave demo trading behind and become familiar with real trading. No deposit bonus can help them to achieve that without spending a dime and trade with free, but real money.

It’s also useful for the traders who want to know a broker better and see the performance of the broker in the real condition of the market.

It can also be beneficial for those who don’t have enough money to trade but they can trade profitably and make money out of trading so they have a chance to do so.

Whatever reason you have for using any forex no deposit bonus, you need to know the terms and conditions of the bonus you choose otherwise you may cross a line and cause the cancelation of that or you can’t meet the requirement as a result of unawareness and lose the bonus.

Yes and no. There are bonuses that are not withdrawable and you can only withdraw the profits gained from them. On the other hand, there are some that you can withdraw both bonuses and their profits.

You need to trade a specific number of lots in most cases in order to have permission for withdrawal. For example for a $10 bonus, you need to trade 2 lots.

The most common ones are scalping, hedging, and using eas however, they are allowed in some cases — especially eas.

At first, in some cases, yes but sometimes no, however, when you want to withdraw the bonuses or profits, you definitely have to submit them to be verified.

Deposit broker

What is a deposit broker?

A deposit broker is an individual or firm that facilitates the placement of investors' deposits with insured depository institutions. Deposit brokers offer investors an assortment of fixed-term investment products, which earn low-risk returns. An individual or firm may still be considered a deposit broker even if they do not receive a fee or direct compensation.

Key takeaways

Deposit brokers offer investors an assortment of fixed-term investment products, which earn low-risk returns. An individual or firm may still be considered a deposit broker even if they do not receive a fee or direct compensation.

A deposit broker is similar to a stockbroker, but whereas a stockbroker deals only in equity, a deposit broker can offer alternative investment opportunities. Another significant difference is that stockbrokers must pass the series 7 to sell securities, whereas deposit brokers may not need regulatory approval to market fixed-term securities.

Deposit brokers sell brokered deposits, which are usually large-denomination deposits first sold by a bank to a brokerage or deposit broker, who then divides it into smaller pieces for sale to its customers.

How a deposit broker works

A deposit broker is similar to a stockbroker, but whereas a stockbroker deals only in equity, a deposit broker can offer alternative investment opportunities. Another significant difference is that stockbrokers must pass the series 7 to sell securities, whereas deposit brokers may not need regulatory approval to market fixed-term securities.

The term deposit broker often refers to an individual or firm that facilitates the placement of investors' deposits with insured depository institutions.

Though deposit broker is a broadly defined term, financial institutions and their employees, trustees, and pension plan advisers are notably precluded from the definition.

What is a deposit broker selling?

Deposit brokers sell brokered deposits, which are usually large-denomination deposits first sold by a bank to a brokerage or deposit broker, who then divides it into smaller pieces for sale to its customers. Brokered deposits are one of two types of deposits that comprise a bank's deposit liabilities, the second being core deposits.

Lending banks value core deposits for their stability. Core deposits monopolize on a bank's natural demographic market and offer many advantages to financial institutions, such as predictable costs and a measurement of how loyal their customers are. Specific forms of core deposits include checking accounts and savings accounts made by individuals.

Examples of deposit broker

For example, if your lawyer or accountant introduces you to a bank, they are assisting the arrangements of deposits at this bank and are considered deposit brokers. This can be typical of an accountant or lawyer that has a practice, yet offers other financial products to its customers.

A depository institution can be an organization, bank or other institution which holds and helps in the trading of securities. The term can also refer to an institution that accepts currency deposits from customers.

Banks and deposit brokers

By accepting brokered deposits, a bank can access a larger pool of potential investment funds and improve its liquidity. For banks, liquidity is critical to survival. This improved liquidity can give banks the capitalization they need to make loans to businesses and the public. Under federal deposit insurance corporation(FDIC) rules, only well-capitalized banks can solicit and accept brokered deposits. Adequately capitalized ones may take them after being granted a waiver, and under-capitalized banks cannot accept them at all. Even if a bank is well-capitalized, overuse of brokered deposits can lead to bank failure and losses.

Best forex brokers with low/no minimum deposit for 2021

Top rated:

best-low-no-minimum-deposit-forex-brokers

If you are thinking of getting involved in the forex trading market and you are looking for the top forex brokers, or maybe you are already dealing with an FX broker, one of the most important things you may be thinking about is the minimum deposit.

In the forex market, there are often a few trading conditions that you will have to abide by, which sometimes means a minimum deposit to get into forex trading. With these brokers though, that is not the case.

The reviews we have conducted for this top 10 show that they do not have any minimum deposit requirement, although in some cases you will find a forex broker minimum deposit based on funding amount.

The following top 10 brokers are great for all traders, but particularly for new traders seeking an excellent low deposit start in currency trading, particularly with the credit/debit card deposits that are often cheaply available.

Why a minimum or 0$ deposit is not the only thing to consider

Conducting an in-depth technical analysis in search of a broker with no minimum deposit or a low one is not all you should think about though.

You should also consider the fact that you will likely be trading with some kind of leverage. This and other factors can really help determine the best broker choice for your forex trading future.

In fact, the best situation for you is one where you have a minimum deposit broker that also allows you to trade with minimum trade size. This is something we will get into more at the end of the post.

For now, let’s take a look at the very best forex brokers with low or no minimum deposit.

Best forex brokers with low or no minimum deposits

In no particular order, here is the best low or no minimum deposits brokers chosen after thorough broker reviews on each:

1. Oanda

Trading with oanda broker, the first thing you will be glad to notice is that there is no minimum deposit at all.

The broker also has no minimum trade size. In the forex market and for your trading career, this can mean great flexibility as you can trade as low as 1 unit in your base currency without worrying about lot-size trading.

Deposits for trading with the oanda broker and trading platform can be made in the form of wire transfers, all major credit cards (visa/mastercard), ewallets such as paypal and some other oanda deposit methods may be available depending on your area. Almost all of these come with no real money fee attached at all.

Oanda can also be connected with zulutrade to open many copy trading opportunities and is widely considered to be a very trustworthy option particularly if you are based in europe and want to get started in forex trading with a small amount of money.

2. FBS

Getting into the forex market with FBS is one of the best value ways you can become a trader. This is because you can start a mini account with FBS that only requires $10 from within europe, or $1 from outside as the minimum deposit. This is the FBS cent account. A micro account with a $5 minimum deposit is also available but not within europe.

These kinds of currency trading account types allow you to trade in micro lost of 1,000 units and to trade as low as 10 units or 0.1 nano lots. Compared to the standard forex market trading lot size, this would be 0.0001 standard lots. So, as you can see, real money is still at risk, but in a very controlled way.

Again here, the wire transfer, visa/mastercard, and ewallets like neteller and skrill are all available for deposit with on fee in the majority of cases.

The FBS accounts are also a great choice for non-europeans with super high leverage available, and islamic accounts too.

Of the 5 XM accounts that are offered, two, in particular, have a very low and attractive minimum deposit if you are getting involved in the forex market. These are the micro and standard accounts both with a minimum deposit of just $5.

As with other brokers, the micro account will make it less risky in terms of your real money trading. Here you can benefit from micro lots down to 0.1 nano lots to help you get a taste of the forex market.

When it comes to XM deposit methods, you can choose between the ever-present wire transfer, all major credit cards from either visa or mastercard and some ewallet and local specific methods. All of these methods, for the most part, are free of any XM fee.

Islamic trading accounts are also widely available from the broker as well as the XM ultra low account, which allows you to trade with either micro or standard lots, lower spreads starting from 0.6 pips and it has minimum initial deposit of $50

4. FXTM

FXTM is another major force in the forex trading industry and an excellent place to get started if you are looking for a low minimum deposit broker. Our FXTM broker review showed that you can start micro trading here with the cent account for as little as a $10 deposit.

Again these accounts allow for mini trading with micro lots of 1,000 units and nano lots of just 10 units making trading here very accessible indeed.

Deposits are made available through all of the popular channels including wire transfers, major credit and debit cards from visa, mastercard, and maestro, and ewallets like neteller and skrill. Other localized funding methods may be available depending on location, and all FXTM deposits should be free of any fees.

FXTM islamic accounts are again available where needed and the broker caters particularly well to traders in african countries like nigeria who want to get into the forex market. Crypto deposits are also accepted if you are based outside the remit of european regulations.

5. Roboforex

If you are looking to jump into forex trading with a wide range of account choices, then roboforex may be just the place for you. There are a total of 6 account types to choose from, 3 of these account types have a great low minimum deposit of just $10. These forex trading accounts are the pro standard, ECN pro, and pro cent which allows for micro trading from micro lots of 1,000 units to nano lots of 100 units through the MT4 trading platform and the MT5 trading platform through which you can trade as low as 0.1 nano lots.

For deposits with this broker you can avail of wire transfers, major credit cards, and ewallet options like neteller, webmoney, advcash, and perfectmoney. There may be other funding methods available depending on your area, and most of the deposit methods mentioned carry no fee at all from the broker.

Yet again, if you are in forex trading and need an islamic account, this broker has you covered and is a really good choice if you are looking for standard forex trading accounts with a low minimum deposit.

6. Instaforex

Considering forex brokers with a low or no minimum deposit, then instaforex is another option. They offer two types of micro trading cent accounts with a minimum deposit of just $1 on each. These allow you to engage in mini trading for as little as 0.0001 standard lots, a real risk-free way to engage in the forex market.

Spreads on these accounts start from just 1 pip and the cent eurica account offers a zero spread option with commission from 0.03% in its place which could be an attractive proposition depending on your forex trading style.

Deposits at instaforex can be made by way of wire transfer, major credit cards, and ewallets such as neteller and skrill. In many cases, there are no fees at all to get started trading or make a deposit.

As with the majority of top brokers today, islamic trading is well catered for with this broker.

7. Alpari

The next broker with a very low minimum deposit for forex trading that you should consider is alpari. This broker offers micro trading accounts with the low minimum deposit of $5 to get started. With these accounts as with other cent type mini trading accounts, you can expect both micro and nano lots of 1000, and 10 units to be available.

Deposits to fund your real money forex trading here can be made with a wire transfer, trusted credit cards from either visa, mastercard, or maestro, and ewallet options from neteller and skrill respectively. There are typically no deposit fees with this broker.

Alpari has extensive experience in the forex trading industry, offering the best in trading platforms and islamic accounts for those who require them.

Why is lot size important with low deposits?

You may be wondering why the lot size has been mentioned frequently and why this may impact you as a trader.

The fact is that if you are a european based forex trader, it has become very difficult to have a low minimum deposit and be able to trade significant amounts within the standard trading accounts that this opens up. This is all due to the 30:1 leverage limitation placed by regulators in europe. For example, in order to invest 1$ in a micro lot (1000 units), you would need minimum leverage of 1000:1.

So, if you don’t have leverage, the only solution is to have the smallest trading sizes available.

Some brokers will allow you to open positions for 0.1 nano lots (basically 1/100 of a micro lot), which translates in minimum leverage terms to 10:1.

The only solution that you have available for really low deposit trading if nano lots are not available is unfortunately just to step up your deposit a little more. In these cases as a forex trader, $50 is typically sufficient although it depends on the asset.

With all of that said, given the number of broker options available, it is still very much possible for european traders, even those constrained by strict 30:1 leverage to experience very low deposit trading in the forex market and others.

Brokers with low or 0$ minimum deposit good for non EU users

The following brokers still have very low, or even no minimum deposit requirements to enter the forex market as the brokers above also have. The only difference here is that with these brokers, micro trading through cent accounts is not necessary.

In this case, the best thing you can do is use these brokers to avail of higher leverage availability if you are located outside of an area like cysec regulation where leverage is limited.

All forex bonuses

Forex bonus is a nice way to get some additional capital above what you have initially deposited. Many traders often make the mistake of looking just at the forex bonus offers without paying attention to the type of bonus and the trading requirements that come with it. If forex bonus is something that interests you, here are three things to know about them.

1. Types of forex bonus

Forex bonus comes in two forms; the no-deposit bonus and a deposit bonus. They can go by different names, but the basics are the same. With a no-deposit bonus you are given free real money to trade forex. This is usually done after your verify your account information and in some cases, validate your account details by submitting verification documents. You can trade the no-deposit bonus without having to make a deposit, but you cannot withdraw the funds unless you make a deposit and trade a certain number of times.

A deposit bonus means that the broker give you a bonus based on your initial deposit. For example a 30% deposit bonus means that when you deposit $100, the broker gives you $30 in bonus. Of course, you can use this money alongside your trading capital (which comes to $130), but you won't be able to withdraw this $30 bonus unless you meet the trading criteria.

2. Always read the forex bonus terms and conditions

It is essential that you take the time to read the trading conditions for the forex bonus that you claim. Many traders fail to do this due diligence and end up complaining about the forex broker. A lot of inconvenience can be avoided when you read the terms and conditions. Most forex brokers typically require trading a certain volume. It can be 5 times the bonus amount in trading lots. For example a $30 bonus will mean you will have to trade 60 lots (5 times 30) before you can withdraw the bonus or the profits. The rules vary from one broker to another so always read the fine print.

3. Do you really need a bonus?

>forex bonus can be good and bad. It can be good because claiming a no-deposit bonus can be a way to test the broker's trading conditions. You can also claim the no-deposit bonus just to trade with real money and not risk anything at all (except your information of course).

On the other hand, claiming a deposit bonus will lock in your initial capital as well. Think about it for a second by going back to the example in #2. Can you really trade 60 lots with a trading capital of just $130? It is next to impossible. Chances are that you are more likely to lose your entire capital than take any advantage of the bonus.

The influence of forex bonus entirely depends on the trader. At allfxbrokers.Com you can see a list of the forex brokers and the types of bonuses that they offer. If you find a particular bonus to be attractive, click on the ‘read more’ button to know more on the bonus terms and conditions and how you can claim the bonus.

Last but not the least, always be careful when you trade a forex bonus and claim the bonus only when you are fully aware of the terms.

In recent years it has become common for brokers to offer bonuses to clients, which sends an indication that brokers offering bonuses are really keen to get traders on board at any expense. However, a lot of the very large and well established brokers do not offer bonuses and in fact frown upon bonuses.

When you understand that some brokers profit directly from client losses and the majority of clients lose money it becomes clear why some brokers use bonuses to get traders on board. On the other hand the STP brokers only profit from clients’ trade volume so since their profits are not directly based on deposits and losses they cannot afford to give bonuses, and should not be giving bonuses.

It’s important to understand what a bonus is and how it can be used, as its easily misunderstood. First thing you need to know is that bonuses cannot be withdrawn and in most cases expire after a defined period of time, such as one month in many cases. So, if you go to a broker offering a 60% deposit and make a $1000 deposit, your trading account will typically receive a withdrawablebalance of $1000 + a credit of $600. This allows you to hold open positions that require a margin of $1,600, even though you deposited just $1,000. However, it is important to understand that holding positions that require more margin than you have available is putting your account at greater risk of being stopped out. In fact by having a bonus has almost the same effect as increasing the leverage of an account. However, the bonus (credit) is typically withdrawn after a defined time period so all of a sudden any losing positions suddenly become more risky or get stopped out. Therefore, a bonus is in effect a temporary increased leverage and really does not help the trader much.

It is for that reason that we do not recommend using brokers that offer bonuses. The main reason is that brokers that offer bonuses are usually market makers hoping for you to lose money, and the second reason is that there really isn’t any benefit and can disrupt you trading strategy and psychology. Traders are far better looking for a broker offering a higher leverage than a bonus.

Best forex brokers for 2021

Brokerage companies are scattered all over the world and have many differences in trading conditions, products and services. Some companies are regulated, others are not. Some have been around for decades, others are rather young. Certain brokers work as market makers and have fixed spreads, others provide STP or ECN accounts with direct market access and offer a much larger selection of underlying assets for trading. This site was created to help you find the best forex brokers for your specific needs and requirements. There are several sections and filters in the menu on the left. These can be used to create a custom list of entities with preferable parameters and characteristics. If you find a certain broker you are currently trading with or have used before, feel free to share your experience about it in the comments section meant for forex broker reviews.

The forex brokerage business has undergone a lot of evolution in the last decade. The global financial crisis of 2008 and the events that happened thereafter have reshaped the industry. At about the same time, new technologies came up and also contributed to the evolution of the forex market and forex brokerage business. It is important for traders to understand what forex brokerage is all about and how it will affect their trading ventures. Before we get to meet the best forex brokers for 2021, it is pertinent to identify the role that forex brokers play in a trader’s career and why it is important to go with a forex broker that can match your circumstances and aspirations.

Role of forex brokers

Forex brokers have several roles to play in the market. These roles have also evolved over time, as traders demand a lot more from their trading providers. Forex companies now perform the following roles:

A) access to the market

This is the core role of the forex broker. The forex market is a virtual market with no physical location. At the centre of forex market operations is the interbank market, where the big banks offer various currency pairs for sale. Professional and individual traders therefore do not have to proceed to a physical location to trade, but rather have to have a means of accessing the interbank market. They can only gain access to the interbank forex market using software known as platforms. These platforms are provided by the forex brokers. So without the brokers, nobody can get access to the forex interbank market to trade.

Access can be provided directly using the ECN/STP platforms (also known as direct market access platforms), or indirectly using the market maker platforms that route orders to the broker’s dealing desk. Traders should as much as possible, try to understand the implications of getting direct access to the FX market on one hand, and getting indirect access on the other. The type of access granted will determine factors such as amount of capital to start with, as well as the trading styles and processes to be adopted.

B) trader education

This is gradually but surely becoming a very important element of the forex broker’s functions. Research has shown that 90% of retail traders will lose 90% of their accounts in 90 days. This is a well-established market statistic. Majority of the losing traders (if not all) are traders who are uneducated about the market and who do not understand how to trade profitably. These will end falling by the wayside. No broker wants to spend money acquiring clients, only to have them quit the market after decimating their accounts in 90 days. With brokers realizing that such an arrangement is not good for business in the long run, many of them are now investing significantly into trader education. Videos, articles and webinars are the common means by which beginner traders are given an introduction into the forex market.

C) market research

Once traders get established on the platforms using trader educational resources, their trading activities can be sustained via the provision of market research tools, analysis and news feeds. Many brokers have incorporated this into their offerings as well. For the trader, this is a good thing.

Criteria to consider in choosing a forex broker

The criteria for choosing a forex broker have evolved over the years. While there are still some elements that are critical to the choice and which have remained constant over time, there are other parameters which have emerged and which will be considered below.

1. Spreads/commissions

Spreads are the primary cost to the trader. Lower costs mean that the trader will have a chance to retain more profits, or at least reduce the losses that may be incurred. Competitive spreads are now a factor used in broker selection. It may not be immediately obvious how much savings on spreads can translate to, but high volume traders such as scalpers know that when up to 300 trades are placed in a month, then savings from reduced spreads can be substantial.

2. Leverage

Leverage in forex is now a big deal. What started off in 2010 when leverage caps were introduced in the US by the commodities and futures trading commission (CFTC), has now been extended into the united kingdom and europe. Retail traders in the UK and EU have seen leverage caps reduced from as high as 1:500, to just 1:30 for major forex pairs. Minor pairs and cfds have even tighter leverage limits. This has increased margin requirements significantly. However, some brokers outside these jurisdictions have continued to maintain the high leverages, thus attracting traders who were caught out by ESMA’s decision. Some of the UK/EU brokers have also opened international divisions, where their international client accounts are being migrated to. So traders now have a choice of operating with the low leverage brokers, or the high leverage ones.

3. Regulation

Regulation will continue to remain a key factor in broker selection. Regulation ensures that traders are protected and that the trading environment is transparent and secure. The brokers presented on this site are regulated in their respective areas of operation, which ensures that traders who open accounts with them are assured of safety of their funds.

4. Broker type

A mention has earlier been made about direct and indirect access to the interbank market. As a trader, you need to know how each type of access will affect you. Market makers provide indirect access because they buy positions from the interbank market and resell them to their clients using a dealing desk. Market makers usually require smaller amounts of starting capital, provide fixed spreads, and tend to have more slippages and requotes. They provide a low barrier for market entry.

ECN brokers on the other hand, provide direct market access. They require large amounts as initial capital, provide variable spreads, but do not have slippages and requotes. However, they charge commissions on trades in addition to spreads. At the end of the day, the trader’s financial capacity will determine if a market maker or an ECN broker will be selected for the trading venture.

5. Trading resources

Trading resources are generally tools that are provided by a broker to enhance the trading experience and potentially improve a trader’s trading outcomes. More is not always better. In this case, it is about finding the broker that has the right mix of trading resources that cover analysis, news and market insight.

6. Customer support

Customer support can now be offered using a variety of means that were not in existence 10 years ago. Social media channels such as facebook and twitter, as well as messaging apps such as telegram can now serve as channels for receiving near-immediate responses from a broker’s customer support desk. Choose a broker with a diversified customer support structure which deploys these new means of communication.

Our list of forex brokers

The list below features best forex brokers selected by us for 2021 year. This list has been prepared after due consideration of all the factors mentioned above. In this list, you will find many brokers that are offshore brokerages with high leverage, or offshore divisions of EU/UK brokerages that can provide high leverage trading platforms to their clients. Feel free to read our forex broker reviews and make an informed choice based on the contents of this website.

Best cryptocurrency brokers for 2021

Daniel ‘harris’ major

I have tested 40+ crypto brokers. You can find the best cryptocurrency brokers below. This is by far the easiest way to get started with cryptocurrencies.

Trading bitcoin, ethereum, ripple, litecoin or bitcoincash is now easier than ever. There are many cryptocurrency brokers that have these cryptocurrencies on their platform.

Cryptocurrency trading has become really popular in the past years. It’s growing more ever year.

Many big trading brokers have already added some of these cryptocurrencies. Everybody can sign up and start trading bitcoin or other crypto coins. This is the easiest and probably the simplest way to invest in cryptocurrency.

After trying out most brokers, here are the best cryptocurrency brokers:

Best cryptocurrency brokers (non-US traders only)

Plus500 – top rated trading platform

Plus500 is a big name in the trading industry. They have a really low minimum deposit requirement and a great trading site.

Buy/sell cfds on bitcoin in addition to buying stocks, commodities, forex etc (traded only through cfds). Plus500 is the most complete trading platform.

Trade cfds on bitcoin & many other cryptos

Minimum deposit is only $100

Regulated and trusted platform

Very fast signup process

Live chat

Many payment methods (even paypal)

You cannot withdraw any cryptocurrency

You have to complete a questionnaire, upon sign up

Plus500 disclaimer: 76.4% of retail CFD accounts lose money.

IQ option – lowest minimum deposit ($10)

If you don’t want to make a huge initial investment, then IQ option is the best broker for you. The minimum deposit requirement is only $10. This is by far the lowest in the industry.

You can trade many cryptocurrencies

Minimum deposit is only $10

Best trading platform

Multiple account currencies

Free demo account

Regulated by CYSEC (#247/14)

Etoro – top crypto broker

Etoro is a really popular trading site. They have been around since 2006. Etoro is regulated by CYSEC, FCA and ASIC.

Buy/sell bitcoin on etoro in addition to buying stocks, commodities, forex etc. Etoro is the most complete trading platform.

Trade bitcoin & many other cryptos

Minimum deposit is $200

Regulated and trusted platform

Australian traders are also accepted

Great support team

Many payment methods (even paypal)

You cannot withdraw any cryptocurrency

You have to complete a questionnaire, upon sign up

Etoro disclaimer: 71% of retail CFD accounts lose money.

Highlow – best all-round crypto broker

Due to regulation highlow stopped accepting traders from the EU and UK.

Highlow is an australian trading broker (AFSL no.364264). What I like most about this broker is the intuitive platform. It is so easy to use. Especially new traders will like the clean layout.

I’ve been using highlow for a few years now and I never had a problem. Highlow publishes their number of trades on the homepage. There are millions of trades on this broker each month.

I use the main platform which is web based. This means, that you don’t have to download any software. This platform is stable and safe (they use SSL).

I have also tried the ios app and the android app. They are great, but I just don’t like trading on smartphones in general.

The payouts on highlow are amazing (up to 200%, which is more than on other brokers).

Highlow is a great broker for cryptocurrencies (but only if you are not from EU,UK, US). They have a good reputation, great support team and awesome promotions for new traders.

Trade bitcoin & other cryptos

Minimum deposit is only $50

Regulated and trusted platform

Fastest signup process (no questionnaires)

Multiple account currencies

Free demo account (no registration needed)

Nadex – US traders welcome

Nadex is a CFTC regulated broker. In fact, this is probably the only US broker that has this regulation.

Only US traders are allowed on nadex. Non-US traders check out the next broker.

Update OCTOBER 2019: looks like nadex removed crypto trading. After contacting them I found out that they will add it back soon. Register on nadex now and get updated when they add it.

Recently, nadex started offering bitcoin trading.

Trade bitcoin, forex or binary options

Minimum deposit is $250

CFTC regulated broker

Great support team

Many payment methods (even paypal)

Crypto brokers with most cryptocurrencies

Here are the most popular cryptocurrencies offered by cryptocurrency brokers:

Etoro – bitcoin, ethereum, litecoin, dash, ethereum classic, NEO and ripple.

Plus500 – bitcoin, ethereum, litecoin, bitcoin cash, ripple, IOTA.

Avatrade – bitcoin, ethereum, ethereum classic, ripple, dash, bitcoin cash litecoin, monero and NEO.

Lowest minimum deposit brokers

These are the best brokers with low minimum deposit requirements:

Etoro – $200

Plus500 – $100

Avatrade – $100

This is really important because the crypto market itself is unregulated. Depositing on a regulated broker means that your money is safe.

We’ve also looked at the support team and the payment methods. You can deposit easily using multiple payment methods on the brokers below.

Top rated brokers that have cryptocurrencies

While we are all familiar with the broad definition of a broker, is there something more to it when it comes to cryptocurrencies?

Simply put, a cryptocurrency broker refers to a website that traders will visit to trade cryptocurrencies at a set price. In many ways, they are similar to forex brokers whose services are a lot more familiar to the general public.

Etoro disclaimer: 71% of retail CFD accounts lose money.

You still can’t decide which broker is best for you?

How to choose your cryptocurrency broker

Is leverage really necessary? Cryptocurrency markets are volatile in nature with prices fluctuating immensely thereby generating high profits even in the absence of leverage. But for some traders, the desire for more earnings justifies the use of leverage.

Before choosing your broker, settle yourself on whether the already immense profits that come from a cryptocurrency market are enough for you or you would like to use leverage to enhance them even further, bearing in mind, of course, that will also significantly increase the risk factor to your funds.

Negative balance protection: it is always advisable to trade with a broker that affords the negative balance protection facility. That way, you will never be at risk of losing more than what you invested in case you sustain very heavy losses.

How suitable is the required capital for you? This is another subjective part to your decision. Do you prefer trading with a small capital or bigger one to help you zero in on bigger returns? Find out what size trades your broker is offering before you open an account.

Narrow spreads for the win: let us be honest, it is only fair that your broker gets a cut from the money you generated having provided you with the essential facilities for it and all. But let us be honest, you definitely want every last dime for yourself.

A spread refers to the difference between the buying price and selling price of a trade and it varies with each broker. The spread is what counts as fees for your broker so the smaller it is, the lower the cost will be on your part.

Lets go into what aspects you as a trader must consider when choosing a broker to trade cryptocurrencies.

Which cryptocurrencies are you interested in trading?

Make sure you have decided on which cryptocurrencies you want to trade in before signing up with your broker.

If your choice is a prominent cryptocurrency like bitcoin (official site), litecoin (official site), or ethereum(official site), there will be a relatively broad availability of brokers that have trading options for those. However, less prevalent examples like monero, IOTA, or zcash may be a little harder to come by.

So study the cryptocurrencies being offered by a broker before you sign up for an account.

Pros and cons of cryptocurrency brokers

Here are some features that these broker have or don’t:
pros

Signup up with a crypto broker is probably the fastest way to get started with cryptocurrency trading

If you are less tech-savvy then a broker is safer for you

You can start buying cryptocurrency while traditional exchanges don’t always accept this payment method

Most of the time you can’t withdraw cryptocurrencies from a broker. You have to exchange it back to fiat money (USD/EUR etc.)

Cryptocurrency brokers – what to look for

Here are some of the more understated details about your cryptocurrency broker that could make your trading experiences so much more efficient and successful.

1. What are the weekend hours like?

This is a key detail that distinguishes cryptocurrencies from other prominent trading markets like forex, futures, and equity. Cryptocurrency brokers operate during the weekends as well.

There is virtually no difference in purchasing bitcoin at the end of the week as opposed to the middle of the week during peak hours.

But there is a catch. While digital currency exchanges are available during the weekend, your broker may not (why is the stock market closed on the weekend?). So in effect, if there is considerable movement within your relevant cryptocurrency market during a weekend when your broker is not operating, you may not have the ability to respond in any way.

2. How is it hedging?

Your broker is probably not keen on revealing if it is hedging cryptocurrency traders but it is important information for you to know.

Why is it so important for you to know?

Because, as a trader, you want to be absolutely in the clear regarding the policies for risk management being followed by your broker. Let us not forget that cryptocurrency markets are extremely volatile and an unhedged broker is more easily prone to major losses incurred by its clients. Naturally, those costs will warrant compensation via fatter spreads and additional costs for traders. It will be best to sign up with a broker that will not withhold the relevant information from you.

More great features you could be interested in

Commissions and trading on margin – an important thing to note while trading cryptocurrencies is that their prices tend to be more similar to equities than they are to real currencies. So your broker could be charging you commissions in addition to a wide spread on each trade. That, of course, raises the cost probably a bit much for your liking.

Another similarity with equities is that the margin conditions with cryptocurrencies are significantly more than they are with forex or cfds. Consequently, leverage is usually up to 10x. How considerable the margin rate will be for traders is down to what trading strategies and risk management they subscribe to.

Authenticity of market data – aside from merely evaluating how it influences spreads, market data for cryptocurrency CFD prices can be a good indicator of how the quality of the product will be in the future.

One of the more recent examples of this is BTC-e which was an immensely popular platform for trading bitcoin before it was shut down by feds. BTC-e was the first bitcoin exchange to incorporate forex trades and so made their exchange accessible via MT4 and supplied cryptocurrency liquidity for brokers.

But once it was shut down, every broker that depended squarely upon BTC-e was left with no hedging options or market data to put a price on its crypto cfds.

Are short sales available? For many traders, shorting is a crucial strategy option, the lack of which can be a deal breaker with a potential broker. Many brokers tend to offer ‘long’ only since there are only a few hedging solutions when opening short trades.

As you see, investing in cryptocurrencies can be a truly lucrative venture for you but only if you get it right.

And a lot of that is down to which broker you decide to trade with.

Ready to start trading?

Trade with the cryptocurrency brokers listed above to make sure that your money is safe, you pick a broker with a stellar reputation and you keep the fees low. Excel at trading bitcoin by creating your own trading strategy.

These cryptocurrency brokers make it really easy to trade bitcoin and other coins. You don’t have to be a trading expert. It helps if you know what a blockchain is or how the ledger and transactions work, but this is all optional.

Best CFD forex brokers for 2021

Below you will find a list of forex brokers that offer a wide range of various cfds (contracts for difference) for trading. Basically, the CFD provides an opportunity to benefit from the difference between entry and exit market price of a certain underlying asset. That kind of trading isn't actually accompanied by a transfer of ownership rights on the asset, it’s more like a bet between buyer and seller. Depending on the price movement, one takes profits and other takes losses. Most popular cfds are based on currencies, indices, commodities and stocks, although some forex brokers also offer bonds, etfs and even interest rate contracts for difference.

Forex brokers now offer a wide variety of assets from different asset classes. These assets are offered as contract-for-difference assets or cfds. This is a contract between a dealer and a trader to settle the difference between the entry price at the time of contract commencement, and the exit price on contract expiration, without physical exchange of the underlying asset in question.

To put it in another way, a CFD is a trade contract based on an underlying asset between a buyer and a seller, in which both agree that the price differential of the asset between the start and end of the trade contract will be paid by one party to the other. The physical asset is not owned or exchanged by any of the two parties.

The fact that there is no physical ownership or exchange of the physical asset between both parties makes this form of trading easy to offer on trading platforms, following the same principles of online forex trading where the traders do not physically exchange the currencies being traded. Also, traders can go long or short on the CFD, enabling profits to be made with long orders on rising prices, and short orders on falling prices.

What assets are traded as cfds?

Unlike a decade ago when cfds were restricted to stocks and a few indices, it is now possible to trade a wide variety of assets as cfds. The CFD forex brokers in our list offer the following asset classes as cfds:

Cryptocurrencies

Commodities (metals, energies, softs)

Indices

Stocks

Bonds

Etfs

Interest rates

Types of CFD brokers

Just like in the forex market, there are two types of CFD forex brokers. We have the market makers, who operate a dealing desk and offer CFD trading in-house, and we have the direct market access providers, who pool pricing from several liquidity providers and offer same to their clients without passing these through a dealing desk. There are also hybrid brokers, who offer both models to different categories of clients.

Dealing desk brokers operate in two ways. For a majority of clients, pricing and order fulfilment is done at the dealing desk, where wholesale positions obtained from the interbank market are chopped down into smaller bits that their clients can trade. Orders which are too large or which may constitute counterparty risk are sent to the interbank market.

Direct market access (DMA) brokers deal with clients who have wholesale capacity. As the interbank market requires large volume trades, only clients with the financial muscle to operate at this level are taken. Pricing is aggregated from several providers and routed to the trader, who selects a set of bid-ask prices and place orders based on these prices. Orders are then sent to the interbank market, or to other prime brokers who can perform fulfilment.

Criteria for choosing a CFD broker

In selecting the CFD brokers listed on this site, certain criteria were used. The ultimate aim was to present brokers that would guarantee CFD traders the best possible deals with great user experience. Factors used in the determination of the best CFD forex brokers include: regulation, trading software type, types of accounts provided (with features) and contract specifications (commissions and spreads).

A) regulatory status

Regulation is a key factor in consumer protection. It ensures that there are laid down rules by which brokers must abide, for the safety of their clients. Regulatory protocols are enforced by the regulatory agencies. If anything goes wrong, relief or arbitration can be sought by the consumer.

Some of the requirements for running a CFD forex brokerage, as enforced by regulators are as follows:

A physical location which can be accessed at any time.

Qualified personnel, including a management team that can be identified.

Financial reporting.

Anti-money laundering procedures.

Segregation of clients’ accounts, and in some jurisdictions, access to investor compensation insurance.

The CFD forex brokers in our list conform to these requirements and this list is updated regularly as new information on regulation becomes available.

B) CFD trading platforms

Many of the brokers in our list offer the MT4 and MT5, which have excellent facilities for CFD trading. Indeed, the MT4 has become the mainstay of CFD trading in the retail segment of the market, as it has great asset listings, and charting/analytical tools to enable multi-asset technical analysis.

C) CFD account types

No two traders are created the same. That is why compartmentalization of traders using an account differentiation system is gradually becoming the norm. Creating separate accounts for beginners, advanced traders or professional level traders ensures that each category of traders are provided with tools they can work with, suitable for their level of expertise. The needs of advanced traders will differ greatly from those of beginners, so it is vital to provide accounts that meet the demands of each trader class.

D) contract specifications

In terms of contract specifications, it is important for traders to know the conditions under which a CFD asset is traded. Trading an ETF CFD is not the same as trading a CFD on crude oil. In the same vein, what a trader pays in commissions or spreads on a crypto CFD will be different from what the trader will pay when trading the nasdaq100 index CFD. Therefore, the best CFD forex brokers will ensure that their clients know clearly what they are getting into whenever they decide to trade a particular asset.

It must also be mentioned that some brokers will charge commissions and spreads on certain cfds, while others may only charge spreads. The only way for a trader to get this information is for a broker to spell out the conditions of trading on each asset very clearly. This is usually done using a contract specifications table on the individual broker websites.

The contract specifications include information on the following:

Minimum order: it is pertinent to know if you can trade micro-lots on particularly volatile assets, or whether you can only place a minimum of 0.1 lots.

Leverage/margin requirement: what is the leverage/margin requirement for every CFD traded on a CFD forex platform?

Commission: are there commissions to be paid? If yes, how much?

Tick size and increment: how many points is one tick worth, and by how many ticks/points does an asset fluctuate?

Trading hours: when is an asset open for trading?

Expiration of contract: are contracts continuous, or do they expire? If they expire, what is the expiration period: one month or three months?

For currency pairs, each metric is probably the same from one currency to another. But for cfds which cover several asset classes, the information will be totally different from one asset class to another. As a trader, access to this information is absolutely crucial to be able to plan your trades and risk management strategies. All the CFD forex brokers in our list have pages with contract specification tables that clearly spell out what you can expect to encounter when you trade a CFD asset.

So, let's see, what we have: this is a list of forex brokers offering no deposit bonus in 2021 based on my experience I had with them and a review of their terms and conditions at list of deposit brokers