A large number of outstanding Forex brokers are available to Nigerian traders, who may choose from a wide range of features and trading conditions.
The no deposit bonus, also known as a welcome bonus, is one of the less commonly seen alternatives from Forex brokers. It allows new account holders to begin trading on the Forex markets for free.
New traders in Nigeria who would like to open a trading account can take a closer look at the top Forex no deposit bonuses listed below.
1. InstaForex $500 Start Up Bonus
InstaForex offers one of the most generous no deposit incentives in the industry, with first-time traders receiving a huge $500 Start Up Bonus upon signing up for the platform.
All earnings made while using the $500 no deposit bonus are eligible for withdrawal; however, you will only be allowed to withdraw your winnings after making a first deposit with your own funds.
2. Tickmill $30 No Deposit Bonus
Tickmill offers a risk-free, no-deposit trading account that includes 30 USD in trading capital as a starting point for new traders. All Nigerians are welcome to register an account, and there is no need to complete a full registration or provide identification verification for this account specifically.
You can only keep your Welcome Account active for 60 days and you will not be able to receive your money back; however, if you make any money while trading on this account, you will be able to withdraw the profits earned.
If a withdrawal is made from the Welcome Account, the account will be closed. First and foremost, you must produce a profit in order to open a Tickmill Pro Account, the world’s most affordable trading account.
All other accounts can be opened after your trading period in the Welcome Account has been concluded. To open a permanent live trading account with Tickmill you will have to complete the official registration process.
3. HotForex $30 No Deposit Bonus
If you’re new to Forex trading and are looking for a low-cost trading account with a trustworthy broker, the HotForex $30 No Deposit Bonus is an excellent choice for beginners.
This no deposit incentive is available on all five trading accounts at HotForex. To be eligible for the bonus, you must first register with HotForex and then provide necessary identification verification to HotForex.
In addition, HotForex offers a SuperCharged incentive to its customers. In order to qualify for HotForex’s 100 percent Supercharged Bonus, new clients must make a deposit of $250 or more. This bonus doubles a new client’s deposit, but it is only available on deposits of $250 or more.
4. XM $30 No Deposit Bonus
Nigerian newcomers looking for a risk-free way to get started in trading may find XM’s one-time 30 USD trading bonus to be another excellent place to start.
Because the smallest deposit amount at XM is $5, this bonus has the potential to multiply your initial investment by a factor of six. However, you will be able to keep any profits you receive after wagering the amount of the bonus.
When you sign up for a trading account, the bonus is automatically credited to your trading account. To be eligible for this perk, you must first register with XM and have your phone number validated.