Compare 7 forex brokers with deposit and welcome bonuses in 2027, including XM, Tickmill and OANDA (BVI), plus how to check the terms.
Risk warning: trading forex/CFDs is risky, and bonuses come with conditions. Never trade money you cannot afford to lose.
Many forex brokers use bonuses to attract new clients. A forex welcome bonuses offer can add extra funds to your account. But terms differ a lot, so it pays to choose carefully.
This guide explains how welcome bonuses work, lists seven brokers and shows what to check before you claim.
Key facts
- Brokers covered: XM, Tickmill, OANDA (BVI), FP Markets, InstaForex, RoboForex and Plus500.
- XM: 100% welcome bonus, plus a $30 no deposit bonus.
- Tickmill: $30 welcome bonus for a special account.
- OANDA (BVI): welcome bonus of up to $5,000, based on your first deposit.
- FP Markets: $30 welcome bonus with an MT4 standard account.
- InstaForex: StartUp Bonus equal to 100% of your deposit.
- RoboForex and Plus500: welcome bonuses for new clients. Check each broker's site for the current amount.
Understanding forex welcome bonuses
What is a forex welcome bonus?
A forex welcome bonus is a promotion for new clients who open a trading account. Brokers use it to win traders over from competitors. It may be a percentage of your first deposit or a fixed amount added to your account.
How does it work?
You must meet the broker's requirements. These usually include opening a new account, finishing registration and making a first deposit. Then the bonus funds are credited and can be used for trading.
Benefits and drawbacks
A bonus gives you extra funds. This can increase your trading power and let you take larger positions. It also lets you try the broker's platform and services without risking all of your own capital.
There are drawbacks too. Many brokers require a certain trading volume before you can withdraw bonus funds. Some terms also limit how you can use the money. Larger positions can mean larger losses as well as larger profits.
Best 7 forex brokers with welcome bonuses in 2027
These seven forex brokers stand out for their welcome offers. Bonus terms can change, so always confirm the details on the broker's website.
1. XM
XM offers a 100% welcome bonus for new clients, which doubles the initial deposit. It also provides a $30 no deposit bonus, so you can explore the platform without risking your own funds.
2. Tickmill
Tickmill offers a $30 welcome bonus to traders who register for a special account. It lets you try live trading conditions without making an initial deposit.
3. OANDA (BVI)
OANDA (BVI) offers a welcome bonus of up to $5,000. The bonus is based on your initial deposit and gives you extra funds to trade with.
4. FP Markets
FP Markets offers a $30 welcome bonus for traders who open an MT4 standard account. You can explore the platform and see live trading conditions.
5. InstaForex
InstaForex offers several bonuses, including the InstaForex StartUp Bonus. It is equal to 100% of your deposit. Extra bonuses are available when you meet specific criteria.
6. RoboForex
RoboForex gives new clients a welcome bonus to boost their trading power. The bonus is based on your initial deposit. Check the broker's terms for the exact amount and conditions.
7. Plus500
Plus500 offers a welcome bonus for new clients. It gives extra funds to explore the platform and trade a range of instruments. Confirm the current terms on the broker's site.
Types of forex bonuses
Forex brokers offer more than welcome bonuses. Here are the main types you may see:
- Deposit bonus: a percentage of your deposit is added as a bonus.
- No deposit bonus: credited without a deposit, so you can start trading without using your own funds.
- Welcome bonus: made for new clients. It can be a percentage of the first deposit or a fixed amount.
- Loyalty program: rewards for staying with the broker, earned through trading activity.
- Points system: you earn points from trading volume and exchange them for rewards such as cash prizes or other bonuses.
- Cash back and rebates: a share of your trading volume returned to you, whether trades win or lose.
- Money protection bonus: a safety net that protects funds from reaching a certain negative level.
- Contest prizes: traders compete with virtual funds and winners receive prizes.
Want to compare more offers? See our guide to the 10 best forex brokers with deposit bonus. If you prefer to start without paying in, read about the top 10 brokers that offer forex no deposit bonuses and the top 7 forex no deposit bonus offers.
You can also read The Best Forex Brokers Offering No Deposit Bonus in 2027, learn how no-deposit bonuses let you test brokers without paying, or explore 20 forex no deposit bonus offers.
How to choose among forex brokers
A bonus should never be the only reason to pick a broker. Check these points first.
Regulation and security
Your funds come first. Choose forex brokers regulated by a reputable financial authority. Look for protections such as segregated client accounts.
Platform and tools
A good platform has advanced charting, real-time market data and a range of order types. Test it on a demo account if you can.
Tradable assets
More currency pairs, commodities, indices and stocks give you more opportunities and ways to diversify.
Spreads and commissions
Lower spreads mean lower costs, especially for frequent traders. Be careful with very low spreads that come with hidden fees.
Customer support and education
Look for responsive support by live chat, email or phone. Webinars, tutorials and demo accounts help beginners learn.
Terms and reputation
Read the bonus terms in full. Pay attention to withdrawal requirements, trading volume conditions and limits on using the funds. Read reviews from other traders to see how the broker treats bonus clients.
What to check before you claim a bonus
Follow these steps to avoid surprises:
- Open the broker's official bonus page and read the full terms.
- Check whether the offer is open to clients in your country and account type.
- Find out what you must do to qualify, such as a minimum deposit or a specific account.
- Look up the trading volume needed before you can withdraw.
- Check whether the bonus has an expiry date or can be removed.
- Contact support if anything is unclear, and keep a copy of the answer.
Tips for making the most of your bonus
- Know the withdrawal conditions. Meet the required trading volume before you try to withdraw bonus funds.
- Use a strategy. Plan your trades and follow market trends instead of trading on impulse.
- Manage risk. Use stop-loss orders and limit the capital you put into each trade.
- Follow market news. Economic events can move the forex market quickly.
- Use educational resources. Webinars, tutorials and guides from your broker can improve your skills.
FAQ
What is a forex welcome bonus?
It is a promotion for new clients who open an account. It may be a percentage of your first deposit or a fixed amount.
Can I withdraw bonus funds right away?
Usually not. Many forex brokers require a minimum trading volume first. Check the broker's terms for the exact withdrawal conditions.
Which forex brokers offer a no deposit bonus?
In this list, XM offers a $30 no deposit bonus. Tickmill's $30 welcome bonus also lets you trade without an initial deposit.
Is the biggest bonus always the best choice?
No. Regulation, platform quality, costs, support and clear bonus terms matter more than the headline amount.
Conclusion
Forex welcome bonuses can boost your trading power and help you try a new broker. Still, the best forex brokers combine fair terms with strong regulation, a solid platform and good support. Read the conditions, pick a bonus type that fits your style and manage your risk. Remember that trading forex/CFDs is risky and bonuses come with conditions.
