InstaForex – start from $1
The lowest entry in our list. A good choice if you want to test a live account with very small money first.
- Min. deposit
- $1
- Spread from
- 0.0 Pips
Best Forex Brokers: Compare Bonuses, Spreads & Deposits
Compare the best forex brokers by bonus, minimum deposit, spread and user rating.
Forex Broker Comparison Table
| Broker | Promotion | Min. Deposit | Minimum Spreads | User Reviews | Official Site |
|---|---|---|---|---|---|
Recommend |
$35 No Deposit Bonus No deposit |
$100 | 0.0 Pips | (5.0/5) | Open AccountView Profile |
Recommend |
100% Credit Bonus Credit bonus |
$5 | 0.0 Pips | (Not rated yet) | Open AccountView Profile |
Recommend |
30% Credit Bonus Credit bonus |
USD 10* | Floating Spread* | (5.0/5) | Open AccountView Profile |
Recommend |
TradeQuo Social Trading Copy trading |
$10 | 0.2 Pips | (5.0/5) | Open AccountView Profile |
Recommend |
50% Forex Deposit Bonus Deposit bonus |
$100 | By Region | (5.0/5) | Open AccountView Profile |
Recommend |
$500 to $5000 Free Bonus Free bonus |
$1 | 0.0 Pips | (3.0/5) | Open AccountView Profile |
Recommend |
50% Forex Deposit Bonus Deposit bonus |
$25 | 0.6 Pips | (5.0/5) | Open AccountView Profile |
* Minimum deposit and spread depend on account type and region. Spreads of 0.0 pips usually apply to raw/ECN accounts that charge a commission per lot.
Best Forex Brokers by Category
DB Investing – $35 No Deposit Bonus
Trade live with free credit before you add any money of your own.
- Min. deposit
- $100
- User rating
- 5.0 / 5
TradeQuo – copy traders
Follow and copy experienced traders automatically. Useful when you are still learning to read charts.
- Min. deposit
- $10
- Spread from
- 0.2 Pips
How We Rank the Best Forex Brokers
A big bonus is not enough to make a broker good. We score every broker on six points and re-check the offers every week, so the table above reflects what you can actually get today.
Regulation and safety
Is the broker licensed by a financial regulator, and are client funds kept in separate accounts?
Minimum deposit
How much money you need to open a live account. Lower is better for beginners.
Spreads and commission
The real cost of each trade. We compare the lowest spread and any fee per lot.
Bonus terms
How many lots you must trade, the maximum profit you can withdraw and when the bonus expires.
Withdrawals
Payment methods, processing time and whether traders report delays.
User reviews
Ratings left by FXNewBonus readers who have traded with the broker.
Top Forex Brokers Reviewed
DB Investing – $35 No Deposit Bonus
DB Investing currently offers $35 No Deposit Bonus. You can open a live account from $100, spreads start from 0.0 Pips, and our users rate it 5.0 out of 5.
Deposit $100Spread 0.0 PipsRating 5.0
Samtrade FX – 30% Credit Bonus
Samtrade FX currently offers 30% Credit Bonus. You can open a live account from USD 10*, spreads start from Floating Spread*, and our users rate it 5.0 out of 5.
Deposit USD 10*Spread Floating Spread*Rating 5.0
TradeQuo – TradeQuo Social Trading
TradeQuo currently offers TradeQuo Social Trading. You can open a live account from $10, spreads start from 0.2 Pips, and our users rate it 5.0 out of 5.
Deposit $10Spread 0.2 PipsRating 5.0
ATFX – 50% Forex Deposit Bonus
ATFX currently offers 50% Forex Deposit Bonus. You can open a live account from $100, spreads start from By Region, and our users rate it 5.0 out of 5.
Deposit $100Spread By RegionRating 5.0
How to Choose a Forex Broker in 5 Steps
Check the licence
Find the regulator and licence number on the broker's website, then confirm it on the regulator's own register.
Compare total trading cost
Add the spread and the commission together. A 0.0 pip account with a $7 commission can cost more than a 0.6 pip account with no commission.
Read the bonus terms
Look for the lot volume you must trade, the withdrawal limit and the expiry date before you accept any bonus.
Open a demo account
Test the platform, order execution and mobile app with virtual money for at least a week.
Start small and test a withdrawal
Deposit a small amount, make a few trades, then request a withdrawal to see how fast the broker pays.
Forex Broker Bonus Types Explained
| Bonus type | How it works | Example in our list |
|---|---|---|
| No deposit bonus | Free credit after sign-up and verification. You trade without adding money. | DB Investing |
| Deposit bonus | A percentage of your deposit is added as extra margin. | ATFX, OctaFX |
| Credit bonus | Credit added to your account that can absorb losses, but cannot be withdrawn itself. | XtreamForex, Samtrade FX |
| Risk-free trade | The broker refunds a losing first trade up to a limit. | — |
| Social trading | Copy the trades of other investors automatically. | TradeQuo |
Pros and Cons of Trading with a Bonus
Advantages
- Trade live markets with little or no money of your own
- More margin lets you keep positions open longer
- A low-risk way to test a broker's execution and withdrawals
Things to watch
- Bonus credit itself usually cannot be withdrawn
- Volume rules can push you to overtrade
- Extra margin can mean larger losses if you ignore risk
Best Forex Brokers – FAQ
Which forex broker is best for beginners?
A good beginner broker is regulated, accepts a small minimum deposit ($1–$10), offers a free demo account and has low spreads. In our table, InstaForex ($1), XtreamForex ($5) and Samtrade FX (USD 10*) have the lowest entry deposits.
What is the minimum deposit to start forex trading?
It depends on the broker. Some accept deposits from $1, while others require $100 or more. A no deposit bonus lets you start with $0 of your own money.
What does 0.0 pips spread mean?
A 0.0 pip spread means the buy and sell price can be equal on major pairs at the best moments, usually on raw or ECN accounts. These accounts normally charge a fixed commission per lot instead.
Can I withdraw a forex bonus?
Most bonus credit cannot be withdrawn directly. Profits made with the bonus usually can be withdrawn after you trade the lot volume the broker requires. Always read the bonus terms.
How do you rank the best forex brokers?
We compare each broker's current promotion, minimum deposit, minimum spreads, platform choice, withdrawal experience and verified user reviews, and we re-check offers every week.
Is forex trading safe?
Forex trading carries a high risk of loss because of leverage. Trade only with money you can afford to lose, use a stop loss, and choose a broker licensed by a recognised financial regulator.