5 Best No deposit Bonus Forex Brokers in Nigeria

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Best No deposit Bonus Forex Brokers in NigeriaBest No deposit Bonus Forex Brokers in Nigeria

No deposit Bonus Forex Brokers in Nigeria: Recent years have seen Nigeria emerge as a prominent player in the very profitable forex trading industry. With an internet connection, a sound trading technique, and a trustworthy broker, you can profit from the global currency markets’ fluctuation.

Only a few reliable brokers offer Forex no deposit bonuses to Nigerian traders, allowing them to register an account with the broker with money already in it and begin trading right away.

Here, we’ve put together a list of the best no-deposit bonus Forex brokers in Nigeria, with each offering excellent trading conditions and a wide variety of handy features.

1. InstaForex

Overview

A hefty $500 Start Up Bonus is available to new traders who sign up for an account with InstaForex. This no deposit bonus is one of the most generous in the industry.

Even though you do not need to make a deposit in order to trade with the bonus money, you will need to do so in order to withdraw any money you win from trading with the free money.

Pros and Cons

Pros Cons
Commission-free trading offered
MetaTrader 4 and 5 offered
Variety of account types offered
Variety of financial instruments
Well-regulated by several entities
EU citizens are not restricted by the leverage, as they operate under BVI regulations.

Features

Feature Information
Regulation CySEC, BVI, SVGFSA
Minimum deposit from $1
Average spread from 0.0 pips
Commissions from 0.03%
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses $500 Start Up Bonus
Customer Support 24/5

2. FBS

Overview

FBS, a broker that offers both ECN and STP trading, gives its customers a wide variety of superior-quality trading choices. FBS makes the trading platforms MetaTrader 4 and MetaTrader 5 available to customers. Each platform gives customers access to more than 75 different trading products.

If this is your first time opening an account with FBS, you will be eligible to get a no deposit bonus of $50 that does not require a deposit.

Pros and Cons

PROS CONS
Ultra-fast trade execution

Low spreads and commissions

Deposit and withdrawal fees

Features

Feature Information
Regulation CySEC
Minimum deposit from $100
Average spread from 0.0
Commissions from ‎$6
Deposit/Withdrawal Fees Variable depending on method
Maximum Leverage 1:3000
Bonuses $50 No deposit bonus
Customer Support 24/5

 

You might also be interested in: Forex Trading Platforms in Nigeria

3. XM

Overview

Over the years, a great number of traders have taken advantage of the versatility and flexibility offered by the XM platform.

More than 2.5 million traders from 196 different nations use XM, making it one of the most popular foreign exchange (FX) and contract for difference (CFD) brokers in the world.

New traders at XM will be eligible to get a $30 Forex no deposit bonus incentive once their accounts have been verified successfully.

Pros and Cons

Pros Cons
Low minimum deposit Inactivity fee charged after 90 days on live accounts
Comprehensive educational offering Limited product portfolio
Streamlined account opening process

Features

Feature Information
Regulation IFSC, ASIC, CySEC, FCA and DFSA
Minimum deposit from $5
Average spread from 0.1 pips
Commissions from $3.5 commission per $100 000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses $30 No deposit bonus
Customer Support 24/5

 

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4. Tickmill

Overview

Tickmill is a well-known broker that provides trading on more than 80 CFD products, such as forex, indices, commodities, and bonds, through three major trading accounts referred to as “Pro Account,” “Classic Account,” and “VIP Account.”

Tickmill is currently offering new customers a $30 Forex no deposit bonus, and the broker has also just recently stated that it will be cutting its service fees.

Pros and Cons

PROS CONS
STP model
Advanced trading software
Competitive pricing
Well regulated
High leverage

Features

Feature Information
Regulation FSA
Minimum deposit from $100
Average spread from 0.1 pips
Commissions from ‎2 per side per 100,000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses $30 Welcome Bonus
Customer Support 24/5

5. HF Markets

Overview

The widely used broker HF Markets offers its clients a diverse selection of trading products, in addition to a trading environment that is simple to use and excellent customer service.

New traders at HotForex are eligible to get a $30 Forex no deposit bonus that can be used immediately after their accounts have been successfully verified.

Pros and Cons

Pros Cons
No deposit or withdrawal fees High commission charges on the Zero account
Competitive spreads

Features

Feature Information
Regulation CySEC, DFSA, FCA, FSA, FSCA
Minimum deposit from $5
Average spread from 0,0 pips
Commissions from USD 0.03 per 1K lot.
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses $30 No deposit bonus
Customer Support 24/5

 

Thanks for reading.

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