Forex brokers that don't need verification

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Forex no deposit bonus without verification, forex brokers that don't need verification.

Try live trading without having any risk of […]

Forex no deposit bonus without verification

$2021 USD no deposit bonus – freshforex

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No deposit bonus $50, in indonesian – forexchief

Welcome bonus is a 50 USD bonus offered by forexchief – it is perhaps the most convenient way to check the company’s services and test […]

$30 no deposit test drive bonus- justforex

$20 no deposit bonus, no verification – cube global FX

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$50 FX no deposit bonus – promax

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$8.8 risk-free NO DEPOSIT BONUS – cgtrade

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$123 NO-deposit forex bonus – FBS

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Win NO-deposit bonus $1,000 USD – justforex

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$30 WELCOME NO deposit bonus – tenkofx

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$50 no deposit bonus without verification – new forex

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$50 free to trade bitcoin – trade360

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Register for $35 forex no deposit bonus – streamline

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$50 no deposit bonus + 30% forex deposit bonus

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$20 no deposit bonus without verification

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Forex no deposit bonus without verification

One of the best things about this new age of foreign exchange trading is the fact that anyone from anywhere can trade anytime. Forex has attained complete exposure on the internet, thanks to which it is available for any new individual out there. All a person needs is a PC and working internet connection to execute his orders and manage investments. Forex no deposit bonus without verification has taken this to the next level.

The current scenario:

Experts have often commented on how this market has come into its own over the last few years. The vast amount of money being transacted through it coupled with a large number of transactions which happen in it give this forex market an entirely self-sustained organic demeanor.

Although banks contribute to the largest section of transactions as per cash volume, the rest of it is conjured up by traders, brokers and individual investors. And for every foreign exchange trading firm out there, the newbie investor is the most important asset for the future. It is keeping their needs and curiosity in mind that numerous firms and freelance traders or brokers have come up with forex no deposit bonus without verification accounts.

From an investors’ point of view:

Trading firms have taken to the internet by storm trying to attract or rather lure new investors pondering about making an investment actually to making it happen. But what is supposed to be positive propaganda has often turned upside down. Although it is a fact that foreign exchange trades have the probability of garnering more than 100% return on investment on a regular basis, the only catch is that one needs to trade and that too properly.

This is something that is impossible for newbie traders as trading in forex requires insight, know-how, and expertise – something that professionals acquire over time. So, for newbies, these forex non deposit bonuses are the best ways to get started, to know the business end of things.

Forex no deposit bonus without verification:

An investor opting for this account or rather a trading account with this bonus is sure to get a milieu of benefits to it. And although these accounts are not suited for long-term trading, they are perfect for a newbie investor just yearning to get a feel of things and to see if the advertised profit percentages happen in reality.

No deposit is required to open these accounts. All that an interested individual has to do is to sign up to this account, sync it to at least one of his own and use it to get bonus forex no deposit bonus. But trading with what?

These accounts already have deposits or cash in them for an investor to use. The reason is to give an investor a tryst with trading without any consequences to it. Ranging anywhere from $50 to $100, this prefixed cash can be used for trading.

High leverages till about 500:1 is provided with these forex non deposit bonus accounts to make profits more profitable.

No verification process is attached to this account. A few preliminary details is enough to sign up to these accounts – there is no clause for long processes of background checks or client history.

Simply put, forex no deposit bonus without verification is a one-mouse-click solution to risk-free profitable foreign exchange trading.

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of liteforex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of directive 2004/39/EC.

Forex brokers to avoid

If you trade forex, you need to make sure that your brokers are legitimate and above board – and that you can trust them to help you out. While most forex brokers are decent and honest, not all are. It pays to be able to defend yourself against less scrupulous brokers. Avoiding broker fraud ought to be a priority for people who trade foreign exchange pairs, then – and that’s where we can help. Below is a list of brokers who we have deemed to not be trustworthy for a variety of reasons. And if you are concerned about a particular broker, contact us with details to alert us with the potential broker fraud going on. From there, we can go ahead and research and review the broker in question and help prevent other users from falling victim to any dodgy practices. And we’ll use this information to keep the list as updated as possible – so check back here for all the latest updates when you can.

Investigated brokers

The sad reality of the foreign exchange trading world is that there are people who are out to make a fraudulent buck from innocent traders trying to build their portfolios. Whether it’s insider trading or some other manipulation of the international markets, trading fraud can take many guises – and it can even have links to the wider stock markets as well. As a result, it’s wise to keep yourself fully informed about what the brokers you are considering are up to – and make decisions to avoid those who don’t offer the level of safety and security you require.

Below is an up to date list of the brokers which we strongly advise traders to choose to avoid. There are plenty of other brokers out there who are trustworthy – and with these traders below exhibiting behaviours like copying websites of others, receiving warnings from regulators and more, it’s well worth avoiding them as you choose your own preferred provider.

Various global institutions have criticised the range of brokers included on this list. Whether it’s the australian securities and investments commission or the regulators of nations such as cyprus, there are organisations on here which have faced the wrath of some of the world’s leading oversight bodies. But, we’ve gone even further and responded to intelligence from our users in order to bring you an up to date list of brokers which, in our opinion, ought to be avoided. (see the full list at the bottom of this page).

Latest added forex brokers to avoid

OT capital. They have gotten a warning from ASIC.

EU capital. They ask you to deposit over and over again. They even try to get you to log in to your bank account over a shared screen.

Multiplymarket is a clone of trading technologies.

Bluetrading has an FCA warning for claiming to be FCA regulated when they, in fact, are not.

Facebook group investment/profits, FBO trading signals & bitcoin investments – they don’t allow withdrawals and block you as soon as you ask for a withdrawal.

ECN capital. They claim to be cysec regulated but are not.

GBCFX – unregulated broker having issues handling withdrawals.

Forex365options – they make you pay fees that aren’t even in any terms and conditions. Website hardly works either.

Toptrades.Co – not regulated so should be avoided.

Fx-premium. They are copying the website of JFD brokers so should be avoided!

Most trusted forex brokers

But despite the fact that there are clearly some untrustworthy web brokers out there in the forex world, it’s also the case that some brokers are more worthy of your trust. Many legitimate forex brokers have taken steps to gain the trust of their users, whether that’s by implementing rules against money laundering or simply by segregating client funds away from the operational funds of the broker’s business.

It’s not always possible to identify the legitimate foreign exchange brokers from first glance – but that’s where we can help. The list below is based on reviews which assess everything from the apps offered by particular forex brokers to the reputations they have among users for fairness.

To see a full list of our trusted foreign exchange brokers, why not check out this table?

Forex brokers that don't need verification

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.

Reputable anonymous forex brokers 2021 (no KYC required)

Anonymous Forex Brokers - No KYC Required

When it comes to forex brokers every new trader must read the following article.

Whatever forex broker you select to start a real trading account, a KYC process is required.

KYC means know your customer and is a common process of a forex who asks proof to identify and verify the identity of its clients (individual traders).

In a few words KYC process means that some sensitive personal data must be provided to the broker, in order to sign up a new trading account and start trading. Failure to meet these requirements may occur to deposit and withdrawls problems.

It depends to the brokerage company what kind of documents will be asked from a new trader. Some brokers have strict KYC requirements while others are more flexible.

For example cysec regulated brokers (which is a common license for a forex broker that operates in european union) are becoming stricter these days, mainly because mifid II directive, while offshore forex brokers are not asking so much information.

Common KYC requirements

Most brokers ask verification documents for:

Passport or national ID card (to prove the true name of the trader, date and place of birth)

A recent telephone utility bill (to prove current permanent address, home and mobile phone number)

Email address

Educational status, profession and/or occupation

Purpose of opening investment services account with the company

Estimated levels of turnover from the account and the source of funds

Sample signatures

As you can see, the first two are in bold because they are sensitive personal data, and although the top trusted forex brokers claim to offer the maximum possible protection tothese data, i strongly believe that they dont!

Answer: all of us thought so! Until we met cambridge analytica…

And i am not reffering to terostits, fanatic muslims etc… i am reffering to the biggest threatens of this world: the governments (and in some cases the tax authorities).

How to stay anonymous

Reading this article you will learn how to trade forex using only an email address…

A forex broker that accepts bitcoin deposits and withdrawls, and have no KYC process

Here is the list of forex brokers that offer anonymous forex trading. Using the bitcoin as deposit currency, you can enjoy forex trading with leverage, commodities trading, crypto trading etc.

Read carefully the list and select the broker that fits better your needs.

Latest forex no deposit bonus list 2021

The no deposit bonus is a free tradable bonus gifted broker for new clients. You can take the bonus without any deposit.

The free bonus is not allowed in the EU and US residents but it’s very popular in some countries.

Newbie traders like to grab the free bonus because it is one of the free powerful leverage for them.

Hey! Want to start forex trading? You can fire right now with the forex no deposit bonus.

The ultimate guide about the no deposit bonus

Not all brokers but most of them offer the free bonus. It is a welcome bonus. Upon joining with a broker, the broker provides a free bonus.

While you think to consider for a no deposit bonus, don’t miss to check our best broker no deposit bonus!

No deposit bonus without verification

While you will register to create an account, you have to give you full name, email, phone number (often), the birth of date, country, and other some filed if need.

Usually, most of the forex brokers ask to verify your identity, at least phone number, or email based on their requirements.

But, sometimes a few brokers offer to start trading without verification of any information.

Why a no deposit bonus?

A freeway! Who doesn’t love to take free money? Actually, the forex broker offers a free bonus to learn forex trading, without any risk. After gaining some profit you will get big confidence to invest in it and make some bigger.

What about your profits?

The bonuses are good to make your profit, depends on you! Most of the bonuses offered to withdraw the gain profit and also you should continue to live trading with the profit.

Here is a big list of bonuses, we collect for you, and you can choose and fire now.

No deposit bonus without verification

Do you want to trade with real money without depositing a cent? Check out the free forex bonus, the best solution to trade, put your strategies to work, win money free of risk. How can you benefit from such a solution? Stick around and we will tell you how you can find the best deals and protect yourself from scams.

So, let’s take it one step at a time. As you may already know, there are quite a lot of scam brokers who try to trick you with fake bonuses, just to make you trade your own money and never cash in the profits. Let’s see how you can separate the bad from the good and choose wisely the best bonus for you.

Checkpoints of the no deposit bonus without verification

Broker

Terms

Verification

Fees

Amount

Leverage

Picking a broker

First of all, check out the broker who offers the deal. If it is regulated by a trustworthy authority, if it does offer services in your country, if it doesn’t limit your access to its trading platforms and, finally, if the reviews are good, you may go to the next step.

Terms and conditions of the no deposit bonus without verification

Best forex bonus without verification has very clear terms of use, state from the very start the conditions under which you may use the respective bonus and the costs if any.

Basically, the more elaborated the T&C are, the more chances are that you have found a reliable broker, with a straight forward free bonus that you can use to trade and win.

Verification

This is the interesting part. There are quite a lot of brokers that will give you free forex bonus without verification, albeit not very consistent sums, but more in the neighbourhood of USD 100.

But be aware, such type of bonus, that is also legit, is not easy to find. The real ones are, actually, a form of incentive the broker gives the trader, in order to let him check out the system, get used to the trading platform, see how good its products are and decide to use it, in the future, for playing with your own money.

Basically, the no verification part is a way of letting you get used to the game, without going into too much trouble in terms of “bureaucracy”.

Now, while you do not play with your own money, be aware of potential fees for transactions. Some brokers will deduce them from your winnings, some will ask for a deposit (so, this is, certainly, a deal breaker).

Amount

And now, we come to the most interesting part of the process to determine the best deal on the no deposit forex bonus without verification. Don’t think the sums the brokers offer are big but don’t be fooled by the low end of the offer. Meaning, such bonuses come in a variety of amount, from USD 5 to USD 100. Some rare examples of USD 200 or USD 500 come with some fine print that you need to read.

Basically, in order to make some money, you will need to choose a bonus above USD 25, but closer to USD 50.

Leverage

And now for another piece of the puzzle: if you really want to have a chance to win trading with forex no deposit bonus without verification, you will need to look for the higher leverage. This is the trick: most brokers offer lower leverage with this type of bonus, but a leverage of 1:100 or 1:200 is what you should look for. Anything above that is rather rare to find (and if you do, again, read carefully the T&C).

And, again, make sure that the free bonus with no verification system the broker offers allows you to cash in the profit that you make. Don’t expect miracles in terms of winnings, it is a learning tool that will definitely help you win without risking your own money, but you will have to play until you perfect your strategy. And you can do that risk-free.

Conclusion

So, to recap, the no verification forex bonus is a good tool to help you win without taking the risk of your own finances. Make sure you pay attention to the main criteria when you choose the broker: bonus amount, leverage, T&C are the major deal maker or deal breaker.

Forex brokers to avoid

Investigated brokers

Latest added forex brokers to avoid

OT capital. They have gotten a warning from ASIC.

EU capital. They ask you to deposit over and over again. They even try to get you to log in to your bank account over a shared screen.

Multiplymarket is a clone of trading technologies.

Bluetrading has an FCA warning for claiming to be FCA regulated when they, in fact, are not.

Facebook group investment/profits, FBO trading signals & bitcoin investments – they don’t allow withdrawals and block you as soon as you ask for a withdrawal.

ECN capital. They claim to be cysec regulated but are not.

GBCFX – unregulated broker having issues handling withdrawals.

Forex365options – they make you pay fees that aren’t even in any terms and conditions. Website hardly works either.

Toptrades.Co – not regulated so should be avoided.

Fx-premium. They are copying the website of JFD brokers so should be avoided!

Most trusted forex brokers

To see a full list of our trusted foreign exchange brokers, why not check out this table?

Forex brokers with swap-free accounts

Forex trading has become very popular with traders and enthusiasts around the world. Forex is thus widespread and serves traders from different cultures and religions. However, fitting all the customers is never easy for a platform and there are many specific features brokers provide to satisfy all needs. This usually means offering great customer care with support in many different languages and available at any time of the day, with regard to cultural differences. When it comes to religious differences among traders the focal point is muslim traders who are restricted from earning on interest.

What are swap-free accounts?

Swap-free accounts are specifically intended accounts for muslims, who are actually not allowed to receive swaps. According to shariah law, they are not allowed to earn interest and profit, which is obviously applied to forex too. Also named islamic accounts, they offer interest-free forex trading which enables muslim traders to actively engage without breaking any of the religious laws. The islamic account types vary among brokers and the offers include accounts with no rollover, premiums, and/or interest while some brokers charge special fees for trades executed on islamic swap-free accounts. Some brokers will allow all traders to open a swap-free account if they would like to, while other companies require personal information proving your religion and the actual need for such an account.

Why would you use a swap-free account?

Swap actually takes place because of the exchange rate fluctuation with positions transferred overnight. Islam strongly and fundamentally denies such an approach and while there are many open discussions it’s clear that this breaks the shariah rules. Swap-free accounts, on the other hand, comply with shariah and make it possible for muslim traders to join. This is very handy and convenient, especially for long-term traders who employ such strategies. Swap-free trading provides an opportunity to employ a long-term trading strategy with no losses due to the positions open for multiple days. For that reason, there are many non-muslims who will gladly use the swap-free accounts when possible even if executing those trades actually means paying one-time fees.

Forex brokers with swap-free accounts

CM trading
CM trading was founded in 2012 in south africa. The company provides a genuine trading experience and many unique features that make trading with them an easy and effortless experience. They provide top-class services for both experienced and novice traders with educational materials, training, demo account with all account types and a helpful customer support. Regulated by financial services board, traders with CM trading enjoy safety and high-performance trading platform. Islamic trading accounts with CM trading hold no interest costs or hidden fees, as they are truly freed of swap and compliant to the islamic shariah laws. Traders can be sure they are not cheated into breaking their religious beliefs being misled.
Instaforex
instaforex was founded in 2009 in russian federation and is authorized and regulated by CRFIN. The broker is thus already long-standing with a big customer base and offers great quality in both features and currency pairs offer. Instaforex also offers swap-free accounts, where you cannot lose on the open positions, with no regard to the volume and only the exchange rate is essential. You can easily set up and get more details on swap-free accounts with the broker when opening a new trading account. However, if you already have an account you will have to contact the customer support to be granted the access to a swap-free account. If you do so, all other terms and conditions will remain applicable.
Ironfx
ironfx is a cyprus broker offering high-quality forex trading services to a worldwide customer base. Being regulated by cyprus securities and exchange commission, the broker offers friendly and competent customer support, fund safety and security as well as many currency pairs with good spreads and high liquidity. The broker offers swap-free accounts to muslim customers only. Ironfx is well-known for the transparency and the rules are rather straightforward. No swap or any fees will be charged for positions open for less than ten days, while positions open for a longer period will be charged a fee according to the easily accessible rules which can also be discussed with the support.
Final words
the swap-free accounts are great as they actually provide forex trading services to muslim traders. This shariah-compliant trading will allow traders to actively engage in the forex market with no interest and rollover. This issue is widely recognized and there are many forex brokers who allow islamic accounts. Some of the brokers will take fees on such trades while others will widen spreads, charge commission or margins. However, a specific law will also prohibit trading and speculation with high risks, which is far more arbitrary in understanding. Interest-free actually means that brokers will allow you to trade with no regard of exchange rate fluctuation. However, many argue that if unprofitable brokers will take away the swap-free privileges too with no regard to your religious beliefs. These cases are isolated, though and don’t represent a general opinion among traders which is why we chose only reliable brokers offering swap-free accounts. While this is a preferable option for muslim traders, there are advantages all traders could use but should be careful with. The islamic accounts can be used for arbitration and taken advantage of with different long-term strategies, which is monitored and usually banned by all brokers allowing such accounts.

So, let's see, what was the most valuable thing of this article: forex no deposit bonus without verification 2021, no verification demand by forex broker to trade live forex, no documents need to be uploaded either at forex brokers that don't need verification