Best No Deposit Bonus Forex India 2023
For this list, we have searched and tested several forex brokers that offer no deposit bonus forex India.
For our tests we opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. To get the real picture we placed real trades in each popular market.
Furthermore, we contacted the customer support to see whether they could help us solve the possible issues that we had encountered.
We handpick the best brokers no deposit bonus forex India based on our trading data and experience as a trader.
What is Forex Bonus?
Brokers usually offer many bonuses to traders. Bonuses come in many different forms: some being given to traders post-trading and others deposited into the account as soon as the trade is completed.
Some forex brokers offer no-deposit bonuses, which makes it possible to get started with trading without having funds placed on the account. Generally, brokers use bonuses as a marketing tactic to attract new traders.
In spite of promotional schemes initiated by the brokers, clients commonly get a no deposit bonus only after making an initial deposit. Also, many reputed regulators do not allow brokers to offer bonuses. Among them are FCA, ASIC, and others.
No deposit bonus forex India brokers have specific conditions of depositing the bonus to the traders. These conditions are different for each broker. Most importantly, traders are not entitled to withdraw the bonus to their bank account, as bonus money is for trading purposes and only the gained profits can be withdrawn.
Is Forex Bonus available in India?
Traders may wonder whether forex no deposit bonus is available in India. Before starting, it is very important to understand and consider the risks involved. Those brokers that operate internationally or offshore entities will possibly offer no deposit bonus to Indian traders.
However, it is advisable to use only reliable and trustworthy brokers. SEBI is the fundamental regulatory body for stock market traders in India. The SEBI regulations ensure fair practices, promote honesty and protect customers from unfair dealing by brokers. You can find more information on the Best Forex Brokers in India here.
Best India Forex Broker No Deposit Bonus
We tested and reviewed several no deposit bonus forex India brokers to find the best options for you. We opened live accounts, deposited real money with each one of them.
To get the real picture of the brokers’ offerings and conditions, we placed real trades in popular markets. Based on our research, we have come up with the following no deposit bonus forex India brokers:
Best Overall No Deposit Bonus Broker in India
We have picked Tickmill as the best overall broker with no deposit bonus forex India.
Tickmill is headquartered in London, UK. The broker is strictly regulated and authorized and holds a number of licenses: FCA, CySEC, FSCA, Labuan FSA and South Africa’s FSA.
Tickmill offers excellent trading conditions and low costs for Forex. Also, it is one of the best trading platforms offering trading services with forex, bonds, stocks, commodities, and cryptocurrencies. As to spreads, it offers very low spreads for stock indices.
Another advantage is that the broker offers no deposit bonus to its Indian clients under the Seychelles-regulated entity.
Best Bonus for Beginners in India
We have picked XM as the best no deposit bonus forex India broker for beginners.
XM is a leading international trading company. It holds licenses from AU, UK ,Cyprus, and UAE. However, due to regulations, it offers bonuses to the traders solely with their Belize license. XM is one of the few brokers that offers both deposit and no deposit bonuses. Novice traders are entitled to a $30 no deposit bonus.
The broker offers a number of instruments: Forex pairs, indices, stocks, and commodities.
We have picked XM as the best no deposit bonus forex India broker for beginners, as it has an excellent education section. It offers over 40 weekly webinars in different languages. The material is divided into different experience levels.
No Deposit India Bonus Forex Brokers List
Here is a complete list of brokers that offer no deposit bonus forex India to traders:
|Forex Broker||SEBI Regulated||About Our Test||Reviews|
|XM||Yes||Deposit Amount: Over €5,000|
Total Trade: 12 trades
|AvaTrade||Yes||Deposit Amount: Over €4,000|
Total Trade: 12 trades
|IG||Yes||Deposit Amount: Over €4,000|
Total Trades: 12
|Interactive Brokers||Yes||Deposit Amount:|
Total Trades: 12
FAQ and More on Forex Trading Bonus in India
Traders usually have many questions related to essential trading-related queries. To be helpful, we tried to pick and answer some of the most important queries related to no deposit bonus forex India brokers.
Welcome Bonus Forex $50 in India
A welcome bonus is basically free money that a broker gives you when you open an account. However, only a few forex brokers still offer no deposit bonuses. Based on our tests, we have found only XM with welcome bonus forex in India. Still, it is not exactly $50. In fact, XM provides a $30 welcome bonus to its traders.
Indian No Deposit Bonus Forex $100
Our tests revealed that none of the brokers offer $100 no deposit bonuses anymore. However, there are still brokers in India that offer more or less bonuses.
Among these brokers are:
India No Deposit Bonus Forex $200
We have tested many brokers and found that no forex brokers in India offer a no deposit bonus as high as $200.
Author of this review
By George Rossi
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
Now I am passionate about reviewing and comparing forex brokers.
Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology