Trade for free, no deposit required, and withdrawals are real! Top 10 Forex brokers of 2026

What is every beginner trader’s dream? Trading for free with the broker’s own money and actually withdrawing the profits. In 2026, many brokers are offering this privilege, but the conditions vary. This article will guide you on how to find truly worthwhile bonuses and avoid falling for offers that look good but are risky.

Extra Money from Brokers: Really Free or Just Conditions?

When it comes to “free trading,” many think they can withdraw cash immediately. But the truth is, brokers give “trading credits”—money for trading on their platform only. This money cannot be directly withdrawn as cash unless you make a profit from trading with it.

Why do brokers allow this?

The simple answer: to get you to trade. The more you trade, the more the broker earns from spreads, commissions, and other fees. Bonuses are a long-term investment for brokers to attract customers.

3 Types of Extra Money: Which One Is Right for You?

No-Deposit Bonus

This is the most popular among beginners—you just register and verify your identity to get free trading money immediately, with no deposit required. Examples:

• XM offers a $30 bonus just for signing up and verifying your account
• Tickmill provides a $30 welcome account with special low spreads
• RoboForex gives $30 for beginners

Suitable for: Those wanting to try trading in real markets without risk

Deposit Bonus

You deposit money, and the broker adds extra credit based on a percentage (10% to 200%). Examples:

• Deposit $500 + 100% bonus = $1,000 in your account
• Deposit $100 + 50% bonus = $150 for trading

Suitable for: Traders with some capital who want to increase their margin

Tiered Welcome Bonus

Instead of giving all the money at once, it’s divided into steps as you complete tasks:

• Mitrade: $10 for logging in → $20 for registration → $30 for verification → $40 for first deposit (total $100)

This system helps beginners understand trading gradually.

Conditions to Watch Out For: Read Carefully Before Claiming Bonuses

1. Trading Volume Requirements (Lot Turnover)

Brokers want you to trade a certain volume, e.g.:

• $30 bonus + “trade 1 standard lot” = trade EUR/USD worth 100,000 euros

If the spread is $10 per lot, you pay $10 spread to unlock the $30 bonus, leaving only $20 profit net.

2. Profit Withdrawal Limits

Some brokers cap the amount you can withdraw from profits, e.g.:

• Tickmill: Profits from a $30 bonus can only be withdrawn between $30–$100
• XM: Must meet trading conditions to withdraw all profits

3. Time Limits

Most bonuses expire after a certain period:

• Bonus credits may expire in 30–90 days
• Conditions must be fulfilled within a set timeframe

4. Withdrawal Rules for Your Capital

You cannot withdraw your own deposited funds even partially; doing so may cancel the bonus entirely. This is the strictest rule:

• Try to withdraw $10 of your capital, and your $100 bonus disappears
• Not suitable for those wanting quick profits

10 Brokers Offering Free Trading (No Deposit or Small Deposit)

Mitrade: Mission-Based System

An Australian broker regulated by ASIC, rated 4.6/5 on Trustpilot. Mitrade doesn’t give a one-time bonus but unlocks it step-by-step:

Unlock $100 as follows:

1. Log in → $10
2. Register → +$20
3. Verify identity → +$30
4. First deposit → +$40

How to convert bonus to real money:

Trade with the bonus on various assets:

• Gold (XAUUSD): 0.1 lot = unlocks $2
• Oil (USOIL): 0.05 lot = $1.50
• NASDAQ (US100): 0.1 lot = $0.10

Example: Trading 0.5 lot of gold = (0.5 / 0.1) × $2 = $10

Advantages: Easy to understand, transparent, helps learn the platform
Limitations: Must complete tasks on time
Best for: Beginners and traders with limited funds

XM: Classic and Simple

A globally reputable broker regulated by CySEC and ASIC.

Bonus: $30 without deposit
Conditions: Trade 0.1 standard lot and 5 orders to withdraw profits
Expiry: No expiry as long as the account is active

Pros: Simple conditions, credits never expire
Cons: No multiple accounts (same IP banned)
Best for: Beginners wanting risk-free trading

Tickmill: Low Spreads + No Deposit

Regulated by FCA (UK), known for very low spreads.

Bonus: $30 in a welcome account
Conditions: Open a real account and deposit $100 to withdraw profits
Max profit withdrawal: $30–$100

Pros: Low spreads, allows EAs in bonus accounts
Cons: Withdrawal process is complex
Best for: Scalpers needing low spreads and fast servers

RoboForex: $30 Bonus + Instant Profit Withdrawal

Regulated by FSC with up to €20,000 compensation fund.

Bonus: $30 after depositing $10 via bank card
Advantages: Profits can be withdrawn immediately without complex lot requirements
Bonus as buffer: During drawdowns, bonus remains

Pros: No complicated lot conditions, bonus helps cushion losses
Cons: Minimum deposit of $10, not free $100
Best for: Small initial capital needing support

FBS: 100% Bonus with Increased Leverage

A popular broker regulated by ASIC and CySEC.

Bonus: 100% on first deposit (min $5)
Example: Deposit $100 + bonus $100 = $200 total

Pros: Larger margin, bigger orders
Cons: If equity drops below the bonus, the bonus disappears immediately

Best for: Aggressive traders needing high margin

FxPro: Refer a Friend and Get Cash

Regulated by FCA.

Bonus: $50 per friend (both referrer and referee)
Special: Cash, withdrawable directly, not just credits

How:

1. You trade 3 lots + deposit $100
2. Refer a friend
3. Friend trades 3 lots + deposits $100
4. Both get $50 cash

Pros: Real cash, withdrawable
Cons: Need to find friends and meet conditions
Best for: Traders with community or social groups

HFM: Seasonal 100% Bonus for Thai Traders

Regulated by FSCA, FCA, FSC, CySEC.

Bonus: 100% up to $200, available seasonally
Condition: Trade enough lots to withdraw

Formula: Lots to trade = Bonus / 2

• $200 bonus = 100 lots

Pros: Can withdraw if conditions met
Cons: Lot requirements are high
Best for: Frequent traders aiming for long-term gains

IUX Markets: 35% + 25% Bonuses, Tight Spreads

Regulated by ASIC.

Bonus: 35% (up to $300) + 25% (next) = up to $3,300
Conditions: Standard account with $10 minimum deposit

Pros: Supports drawdown, fast deposits/withdrawals
Cons: Bonus is only for trading, cannot withdraw
Best for: Day traders needing tight spreads

GMI Markets: 15%-20% Bonus + Long Drawdown Tolerance

FCA-regulated Thai broker.

Bonus: 15%-20% per deposit (up to $5,000)
Special: Bonus remains even if the principal is lost

Pros: Supports long-term holding, stable server
Cons: Cannot withdraw bonus
Best for: Safe, long-term traders

JustMarkets: 120% Bonus, One-Time Withdrawal

CySEC-regulated, from the creators of JustForex.

Bonus tiers:

• 50% (deposit ≤ $100)
• 100% ($100–$500)
• 120% (≥ $500)
• Max $40,000

Strict rule: If you withdraw, the bonus is canceled immediately.

Pros: High percentage bonuses, high cap
Cons: Bonus disappears after withdrawal
Best for: Margin traders not planning to withdraw early

Comparison Table: Which Is Right for You?

4 Traps to Avoid When Trading for Free

1. Hard to Unlock Lot Turnover

High spreads or low volume make it hard to meet trading requirements, risking losing the bonus.

Tip: Choose brokers without lot conditions (e.g., RoboForex).

2. Profit Caps

Some brokers limit the maximum profit you can withdraw, even if you make more.

Tip: Read conditions carefully.

3. Withdrawal of Capital

Withdrawing your own funds may cancel the bonus entirely. Decide if you can handle the drawdown before trading.

Tip: Be sure you’re comfortable with potential losses.

4. Strict IP and Account Rules

AI detection is strict—avoid multiple accounts, using family members’ info, or shared Wi-Fi.

Tip: Register once with your real name.

Conclusion: Free Trading, No Deposit, Withdrawable—Is It Real?

Not all “free” bonuses are worthwhile. The key is choosing bonuses that match your trading style and patience:

• Beginners wanting to learn: Mitrade (mission system)
• Seeking simplicity: XM or RoboForex
• Wanting high margin: JustMarkets or GMI Markets
• Prioritizing safety: Tickmill

Remember: Bonus money is essentially “borrowed” to help you start trading. If you trade well, profits are yours; if not, bonuses will naturally disappear. Choose a broker suited to your risk level, and always manage risk wisely. Free trading, no deposit, withdrawable—possible, but only with good risk management and understanding of conditions.