Top 5 Forex No Deposit Bonus in Nigeria

Forex trading has become increasingly popular in Nigeria, and many brokers are now offering enticing no deposit bonus offers to attract new traders to their platforms. These bonuses allow traders to start trading without risking their own money, making it an excellent opportunity for beginners to gain experience in the Forex market. In this article, we will discuss the top 5 Forex no deposit bonus offers available in Nigeria, their features, terms and conditions, and how to choose the best one for you.

1. XM Forex - $50 Welcome Bonus

Overview

XM Forex is a well-regulated and globally renowned broker that offers a $50 no deposit bonus to new clients who open a real trading account. The broker is regulated by CySEC, FCA, IFSC, and ASIC, making it a secure and reliable option for Nigerian traders.

How to Claim the $50 XM Forex Bonus

To claim the $30 no deposit bonus, traders must complete the following steps:

1. Open a Trading Account: Register for a real trading account on the XM Forex website.
2. Verify Account: Log in to the member's area using the credentials sent via email and submit the required documentation for account verification. Complete SMS phone verification as well.
3. Credit Bonus: After verification, the bonus will be credited to your live trading account and can be used for trading.

Bonus Terms and Conditions at XM Forex

• The bonus cannot be withdrawn but can be used for trading purposes.
• The bonus account is only available for new XM clients.
• Profits generated from trading with the bonus can be withdrawn after meeting specific trading volume requirements.
• The bonus is not available for EU and UK clients due to regulatory restrictions.
• The bonus is valid for 30 days from the date of registration.

2. FBS - $140 Level Up Bonus

Overview

FBS is a reputable broker regulated by ASIC, CySEC, FSCA, and IFSC. They offer a $140 no deposit bonus called the Level Up Bonus, which can be doubled to $200 if certain conditions are met. This bonus is particularly appealing to beginner traders looking to start trading without risking their own funds.

How to Claim the FBS Level Up Bonus

1. Register with FBS: Create an account on the FBS website.
2. Verify Email Address: Verify your email address by clicking the link sent to your inbox.
3. Link Facebook Account: Link your Facebook account to your FBS Personal Area to receive the $70 Level Up bonus.
4. Download FBS Trading Broker App: Download the FBS Trading Broker mobile app and follow the same steps to double the bonus to $140.

Bonus Terms and Conditions at FBS

• The bonus cannot be withdrawn but can be used for trading.
• Profits made using the bonus can be withdrawn after meeting specific trading requirements.
• The bonus is only available for new FBS clients.

3. Tickmill - $30 Welcome Account

Overview

Tickmill is a highly regulated broker that offers a completely risk-free $30 no deposit bonus through their Welcome Account. This bonus is available to Nigerian residents and does not require full registration or identity verification.

How to Claim the Tickmill Welcome Account Bonus

1. Register for a Welcome Account: Sign up for a Welcome Account on the Tickmill website.
2. Verify Account: Provide the necessary documentation for account verification.
3. Start Trading: Begin trading with the $30 bonus on your Welcome Account.

Bonus Terms and Conditions at Tickmill

• The Welcome Account is only available in USD, and Expert Advisors cannot be used.
• The bonus is non-withdrawable, but profits up to $100 can be withdrawn.
• The Welcome Account is open for 60 days, after which it will be closed.

4. Admiral Markets - $100 No Deposit Campaign

Overview

Admiral Markets is a well-regulated broker, offering new traders a $100 no deposit bonus to trade on any of their four account types. This bonus is a great way for traders to begin trading without risking their funds.

How to Claim the Admiral Markets No Deposit Bonus

1. Open a Trading Account: Register for a real trading account on the Admiral Markets website.
2. Verify Account: Submit the required documentation for account verification.
3. Credit Bonus: After verification, the bonus will be credited to your trading account and can be used for trading.

Bonus Terms and Conditions at Admiral Markets

• Profits from trading with the bonus can be withdrawn after meeting specific trading volume requirements.
• The bonus cannot be withdrawn and is only available for trading purposes.

5. FXOpen - $10 No Deposit Bonus

Overview

FXOpen is a regulated Forex broker that offers a $10 no deposit bonus for traders who open an STP account. The broker is regulated by FCA, ASIC, CySEC, and JSC, making it a secure option for Nigerian traders.

How to Claim the FXOpen No Deposit Bonus

1. Open an STP Account: Register for an STP account on the FXOpen website.
2. Verify Account: Complete account verification via SMS.
3. Get Bonus: The bonus will be automatically credited to your STP account after verification.

Bonus Terms and Conditions at FXOpen

• The bonus cannot be withdrawn but can be used for trading purposes.
• Profits made using the bonus can be withdrawn after meeting specific trading requirements.

How to Choose the Best No Deposit Bonus Forex Broker in Nigeria

When looking for a Forex no deposit bonus in Nigeria, consider the following factors:

1. Regulation: Ensure the broker is legitimate and trustworthy by checking if they are regulated by a reputable authority.
2. Terms and Conditions: Read the bonus terms and conditions carefully to understand the requirements for withdrawing profits made with the bonus.
3. Time Limits: Bonuses may come with time limits, so be aware of any deadlines associated with the bonus offer.
4. Eligible Currency Pairs: Some brokers may limit the use of the bonus to specific currency pairs.
5. Bonus Amount: Different brokers offer varying no deposit bonus amounts. Compare the offers and choose the one that suits your needs.

Conclusion

Claiming a Nigeria Forex no deposit bonus can be an excellent opportunity for beginner traders to gain experience in the Forex market without risking their own funds. By considering the factors mentioned above and researching the top 5 Forex no deposit bonus offers in Nigeria, you can find the best broker and bonus offer to kick-start your trading journey.