Embarking on your Forex trading journey in Africa? A welcome bonus can serve as your initial capital, allowing you to explore the market without much risk. Keep reading to discover the top 7 Forex welcome bonuses to jump-start your trading endeavours.
Whether you’re an aspiring trader looking to dip your toes into the global currency markets or an experienced investor seeking to explore new horizons, these bonuses offer a risk-free gateway to kickstart your trading journey.
Discover how to seize this unique opportunity to trade with the 7 best brokers listed below. A massive opportunity to learn and profit in the Forex market, all without making an initial deposit. Welcome to a world of possibilities, where your path to financial success begins with a simple registration to gain access to your forex no deposit bonus.
The 7 Best Forex Welcome Bonus Brokers
1. XM
With its exceptional welcome deposit bonus of up to $5,000, XM emerges as a leading forex broker in Africa. Furthermore, African traders can expect zero requotes, no slippage, and reliably fast trade execution across instruments and platforms.
Moreover, over 1,000 CFDs can be traded, 24/7 crypto opportunities, leverage up to 1:1000, and flexible trading accounts across all platforms.
2. Tickmill
Tickmill is a forex broker well-regulated by several reputable entities globally. The platform provides newly registered African clients a $30 forex no-deposit bonus. You can use the amount to trade forex, commodities, and indices.
Tickmill is one of the best ECN and STP brokers for African traders. Furthermore, they offer three flexible account types that you can use to trade on MetaTrader 4 and 5.
3. FBS
FBS is a forex broker regulated in Belize by the International Financial Services Commission (IFSC) and other entities. The company offers traders a 100% welcome bonus to new clients, which means that FBS will double the trader’s deposit.
Furthermore, they give traders access to FBS traders, copy trading, flexible trading accounts, and other features that can help traders make informed decisions in forex.
4. JustMarkets
JustMarkets is a forex broker in St. Vincent and the Grenadines regulated by the Financial Services Authority (FSA).
The trader provides new clients with a $30 forex no-deposit bonus that can be used to trade forex, commodities, and indices.
5. RoboForex
The Cyprus Securities and Exchange Commission (CySEC), FSA Labuan, and IFSC regulate RoboForex. RoboForex offers new clients various welcome bonuses, including a $30 Forex no-deposit bonus and a 50% deposit bonus.
RoboForex offers traders the MetaTrader 4 and MetaTrader 5 trading platforms, educational resources, copy and social trading opportunities, market research, and more.
6. InstaForex
InstaForex provides the industry’s largest no-deposit bonus of $1000. This bonus enables new traders to begin trading without risking their money.
You can only use the bonus to trade on the platform. InstaForex automatically credits the amount upon request and is immediately available for trading.
7. AvaTrade
AvaTrade gives new traders who open a live trading account and make an initial deposit of at least $100 a 20% welcome bonus. This bonus, capped at $10,000, is an enticing incentive for those venturing into forex trading, including African traders.
After depositing funds, you should contact AvaTrade’s customer support to claim the bonus.
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Our Final Thoughts
In our experience, forex welcome bonuses offer new traders the opportunity to commence their forex trading venture with extra funds, serving as a beneficial starting point.
Nonetheless, it is essential to thoroughly peruse and comprehend the terms and conditions accompanying such bonuses before accepting.
Moreover, selecting an esteemed broker with regulation credentials and a commendable reputation becomes indispensable. Forex trading entails potential risks, so traders should not invest more than they can afford to lose.
Related: Common Forex Trading Strategies and How to Implement Them
