10 Best Forex Brokers With Bonus And Promotions In 2023

In today’s market, finding a forex broker that offers both good bonuses and promotions can be difficult. However,  if you’re looking for a reliable forex broker with great customer service, be sure to check out one of these 10 brokers.

best forex brokers with bonus and promotions

List of Best Forex Brokers With Bonus and Promotions

We have compiled a list of the best forex brokers with bonus and promotions. With these tools, you can improve your trading skills and make more money. So if you’re looking to increase your profits and find the best forex broker for you, be sure to check out our list.

1. FBS

FBS is a well-respected forex broker that offers some of the best promotions and bonuses in the industry. FBS is a respected broker with a global reputation. They also offer many bonuses. There are many prizes available, including holidays and new cars. FBS offers a 100% deposit bonus that will double your deposit. You can also get a no deposit bonus that doesn’t risk your funds and cashback options if you meet certain conditions.

FBS promotes expansion as the company attracts more traders. Clients can enter many challenges and contests to win cash, VIP invites, and even trips. FBS also runs competitions via social media because almost everything is done online. All traders have to do is share their posts with friends and colleagues, which is not enough to excite traders.

 FBS offers a variety of bonuses, including a level-up and deposit bonus and a cashback service, all following the IFSC international regulations.

Level up bonus: Create a bonus account to claim up $140 in your area app.

FBS Deposit bonus: You can double your deposit by activating the 100% deposit bonus.

You can get up to $15 for every trading lot even if you lose trades.

FBS also organizes contests for different events, such as FC Barcelona tickets or New Year’s Eve.


  • Low stock and stock index CFD charges and no inactivity
  • Quick and easy account opening
  • Excellent customer support & education


  • Slim product portfolio
  • Non-EU clients do not have investor protection
  •  Few account base currencies


  • Regulations- ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSC (Belize)
  • Supported Languages-English, Spanish, German, French, Arabic, Portuguese, Japanese, Thai, Korean, Indonesian, Turkish, and Vietnamese.
  • Products (CFD)-Currencies, Stocks
  • Min Deposit – $1
  • Max Leverage-1:30 (ASIC), 1:30 (CySEC), 1:500 (FSCA), 1:500 (FSC)


FBS charges no withdrawal or inactivity fees and has low stock and index CFD fees. FBS’ forex CFD fees, however, are average.

2. XM

If the offer from the above-mentioned forex broker does not appeal to you, then XM may be a good option. Another top international broker, and one of the most well-known providers in the sector. The broker offers a wide range of promotions and bonuses, including a $30 bonus without deposit that traders can use to trade real money, completely risk-free. A deposit bonus of up to $4500 is also available. A broker will match a trader’s deposit up to its maximum value and give you money.

These promotions may not excite traders, but XM has a lucky draw with $1,000,000. If you’re a regular trader at XM, you can take advantage of their loyalty program to redeem points for trading activities

  • XM offers a variety of bonuses that are subject to IFSC regulation. You can get a deposit bonus or a bonus with no deposit.
  • XM trading bonus: $50 welcome bonus for your first real account.
  • XM Deposit Bonus: Get 50% off your first deposit and 20% on subsequent deposits. You can claim up to $5,000.
  • You can trade to earn points that you can redeem for greater rewards and benefits in XM’s loyalty program.
  • Singaporean traders have the opportunity to win a $10,000 trading account.


  •  Low stock withdrawal fees and CFD low stocks
  •  Quick and easy account opening
  •  Great educational tools


  • There is no investor protection for non-EU clients
  • Average CFD fees for stock index and forex trading
  • Limited product portfolio


XM charges no withdrawal fees and has low trading fees. However, the forex and stock index fees charged by XM are average and there is an additional fee for inactivity.


  • Bank Card Deposit: Available
  • Electronic wallet deposit: Available
  • Supported base currencies:11
  • Products: Forex, CFD, Real stocks, For clients under Belize (FSC).


Roboforex is a forex broker that offers great promotions. The impressive promotion infrastructure starts with a deposit bonus, either 60% or 10%, or as high as 120%. The amount of the trader’s deposit will determine the size of the bonus. If this offer is not appealing to you, they will give you a $30 bonus if traders sign up and deposit with them. This bonus can be used to trade on any market the client chooses, completely risk-free.

Regular traders may be eligible for cash rebates up to 15%. Clients can also participate in monthly contests that offer real prizes.

Roboforex offers a variety of bonuses, including a welcome bonus and deposit bonuses that can be redeemed according to IFSC regulations.

The Roboforex welcome bonus is available to all who register for a live account. You will receive $30 in trading commissions.

Roboforex profit-sharing bonus: Get extra funds for every deposit up to 60%. For pro and procent accounts.

Roboforex Classic Bonus 120%: Get this bonus on every deposit up to $50,000. This bonus is valid for both pro and new accounts.

 You are eligible for the Roboforex rebate (rebates program up to 15%) if you trade at least 10 lots per month.


  • Possibility of favorable trading conditions and a minimum deposit
  • Unique investment program CopyFx
  • The highest affiliate payments starting at $5 per lot
  • Market Launch – STP & ECN
  • Instant withdrawal


  • Minimum deposit – $10
  • A limited number of currency pairs – 36, for accounts Pro, Pro-Cent Prime
  • Inadequate cryptocurrency tools for trading on R Trader platform


  • Trading platform: MetaTrader 4, MetaTrader 5, CTrader, RWebTrader, RMobileTrader, RTrader
  • Accounts: ProCent, Pro, ECN, Prime, Pro Affiliate, ECN Affiliate, Cent Affiliate, Demo
  • Account currency: USD, EUR, Gold
  • Replenishment/Withdrawal: SEPA, Bank transfer, Skrill, Neteller, AdvCash, Perfect Money, Visa/Mastercard/JCB
  • Minimum deposit: From $10
  • Leverage:1:2000

 4. HotForex

HotForex is a key player in the forex trading market. HotForex is a prominent provider in numerous listings. They provide reliable services for their clients and offer a crucial infrastructure for promotions and bonuses. Some traders may not be eligible for the incentives.

HotForex has a robust and unique set of incentives. HotForex offers a 100% credit bonus that doubles trader’s deposit and gives them completely free bonus funds. A 30% rescue bonus protects funds up to $7000. HotForex offers the 100% Supercharged Bonus, which provides cash rebates up to $8,000. This bonus is in addition to the 100% deposit bonus.

HotForex offers different trading bonuses to those under SV or FSC(Seychelles), regulation. These include welcome bonuses, deposit bonuses and daily bonuses.

HotForex welcome offer Only available on MT4 micro-accounts. You can increase your balance by 50% by depositing $50 or more.

 HotForex rescue Bonus : Get 30% off deposits above $50, up to $7,000.

HotForex credit bonus: 100% bonus on deposits above $100 for premium, micro and Islamic accounts. Maximum amount you can claim: $30,000.

HotForex supercharged Bonus: This bonus offers a 100% bonus for every $250 deposit, up to $50,000, and cash rebates of $2 per lot. Only valid for premium accounts

 Join in hotForex contests to win additional prizes


  • Premium Trader tools, created by FX Blue Labs, enhance the default MetaTrader suite.
  • HFM has a great balance of market analysis and third-party research content.
  • Our in-house research team creates special reports, including quarterly, annual, and monthly outlooks.
  • Sentiment and correlation data are available in HFM’s Traders Board module.


  • HFMs educational content is still lacking in quality, despite a good selection of videos.
  • All account types have trading costs that are slightly higher than the industry average.
  • HFM’s copy-trading platform, HFcopy requires 300 EUR to copy existing strategies. It is less mature than eToro offerings .
  • Although its HF app is now more user-friendly, it doesn’t allow trading. MetaTrader remains the only viable option for HFM traders.


  • Trades can be executed in one click with
  • Breaking Market News and Analysis.
  • Free VPS hosting.
  • Exclusive HotForex Analysis.
  • Get free educational material and expert webinars.
  • Economic Calendar and Trading Calculators.
  • Auto Transfer: Instantly withdraw funds

5. VantageFX

It is also one forex broker that offers many promotions to its clients. The 50% deposit incentive allows you to trade risk-free and receive bonus cash from the broker depending on how much money you deposit. VantageFX’s loyalty program is available to long-term traders who have used VantageFX for a while. If you deposit at least $1000, you can get 10% rebates on trades up to $2 per lot. The trade size is not limited, and however, the greater the loss, the more incentive you will receive.

 Among all the bonuses that Vantage offers under CIMA/VFSC regulations, we have a consolidated deposit bonus as well as recurring promotions.

 Vantage deposit bonus: Get a 50% credit bonus for your first deposit, and 10% for future deposits up to $20,000.

Vantage Gold Swap-Free: You can get zero overnight charges for gold with spreads starting at 1 pip.


  •  Low fees
  • Superfast account opening
  •  Easy withdrawal and deposit


  • Limited product selection
  • Better customer service
  •  Only in the UK


Vantage charges no inactivity fees and has low forex-trading fees. The negative aspect is that financing rates and CFD fees for shares are high.


  • Trading fees class -Low
  • Withdrawal fee amount -$0
  • Minimum deposit -$200
  • Open an account in 1 day
  • Bank card deposit-
  • Electronic wallet deposit-Available

Read Also:

10 Best Forex Copy Trading Platforms In 2023

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10 Best Crypto Futures Trading Platforms in Canada

Top 10 Best Bitcoin Wallets Available in Africa

6. InstaForex

InstaForex, an online Forex broker, was established in Russia in 2007. It is licensed to operate out of its Cyprus offices, and InstaForex boasts over 260 offices worldwide.

Clients of InstaForex can trade many popular asset classes including Forex, CFDs and Futures. They also have access to the MetaTrader 4 platform. InstaForex is a well-respected industry player, winning numerous awards for its wide range of tools and features.

There are many deposit bonuses available when you trade with InstaForex according to the FSC of Saint Vincent regulations or BVI.

 100% Instaforex bonus: Double your deposit. Available once only on new accounts.

Instaforex 30 bonus: This is a welcome deposit to register your first live account, and it’s valid for every subsequent deposit.

You can also join the many contests that Instaforex continuously holds.


  • It offers the best trading conditions to novice traders.
  • It includes a variety of financial instruments that can be used for trading, including currency pairs, futures and stocks.
  • You can earn passive income using its ForexCopy system of copy trading and PAMM accounts.
  • The lowest risk option when working with tick deals.
  • A wide variety of deposit bonuses are available: From 30% to 100% of the replenishment amount;
  • The ability to select the best leverage between 1:1 and 1:1000;
  • A wide range of withdrawal and deposit methods are available;
  • provides the most recent analytics and contests to traders.


  • Users have experienced intermittent terminal freezes in their trading;
  • Customer support is not reliable regarding their responsiveness timespans.


InstaForex doesn’t charge withdrawal fees or deposit fees. However, withdrawals can be subject to commissions from the payment provider traders use when withdrawing funds.

InstaForex does not disclose whether it waives additional fees, such as inactivity fees and fees for account management.

Additional fees may apply. Before opening an account, traders should check with InstaForex about additional fees.


Trading platform:MT4, MT5, InstaTrader, WebTrader, Multiterminal, Mobile Trading

Accounts: Demo, Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Erica

Account currency.EUR, USD — For Insta.Standard, Insta.Eurica; USD Cents, EUR Cents — For Cent.Standard, Cent.Eurica.

Replenishment/Withdrawal: VISA/Mastercard, Skrill, NETELLER, Bitcoin, LiteCoin, B2BinPay, PayCo, POS terminals, bank currency transfer, cash through dealers

Minimum deposit: From $1


Fxtm, a CySEC-FCA, IFSC-regulated forex broker, offers trading Bitcoin, Forex, and CFDs. FXTM has been a trusted global broker since 2011. FXTM allows trading on MetaTrader4 or MetaTrader5 terminals, with maximum leverage of 1000:1.

In 2011, FXTM was founded to provide unparalleled trading conditions for clients and comprehensive educational tools.

 FXTM offers promotions to

 The loyalty program: For a maximum of $10,000, you can receive a $5 rebate.

At the moment, FXTM bonuses are not available for deposits or welcome bonuses.

 FXTM occasionally organizes trading contests for demo and live accounts


  • Superb customer service
  • Great educational tools
  • Digital account opening


  •  High CFD fees
  • Inactivity and withdrawal fees
  • A limited product portfolio


FXTM’s forex trading fees are very low, but they are average for CFDs. A withdrawal fee is also charged.


  • Trading fees class- Average
  • Inactivity Fee Charged- Yes
  • Withdrawal Fee- $3
  • Minimum deposit –$50
  • Open an account in -1 day


Trading bonuses and contests are available to traders who register with FXOpen, an international entity in Nevis.

FXOpen Forex Contest: Offers regular weekly and monthly trading contests to demo accounts.

FXOpen ForexCup Trading Championship: Competition with $50,000 as the main award for the trader that makes the most profit at the end of 2023.


  • Profitable trading conditions for traders of all levels, from novice to professional.
  • financial instruments for trading variety;
  • Many accounts are available, including. Special account for Crypto to trade cryptocurrencies
  • Minimum commissions for withdrawals and Cashback programs, which will lower your commission fees
  • Copying successful trader transactions using
  • auto-trading availability;
  • Reports on account status from the beginning of each day to the end are available.


  • Limited educational materials.
  • Offshore clients have very few protections.


  • Regulations: FCA (United Kingdom), ASIC (Australia), CySEC (Cyprus)
  • Supported Languages: English, Spanish, German, French, Arabic, Russian, Portuguese, Chinese, Indonesian, Malaysian
  • Products (CFD): Currencies, Commodities, Indices, Stocks, Crypto
  • Min Deposit: $300
  • Max Leverage: 1:30 (FCA), 1:30 (ASIC), 1:30 (CySEC)
  • Trading Desk Type: ECN, STP

9. OctaFX

OctaFX, an online STP/ECN broker, is located in Kingstown, St. Vincent and the Grenadines. It offers traders a secure and competitive trading experience.

OctaFX has opened more than 1.5 million trading accounts to date. These accounts were created by traders who want fast execution, powerful platforms and a wide range of market instruments at affordable prices.

OctaFX has executed approximately 288,000,000 traders with about 97.5% of them without slippage.

The broker’s headquarters is in St Vincent and Grenadines. However, Octa Markets Cyprus Ltd. which is the broker’s subsidiary is located in Cyprus and is regulated by CySEC (CySEC).

OctaFX won many awards over its operational history. The most recent include Best Mobile Trading App in 2019 and Best Forex Broker 2019. It is a shame that OctaFX can’t offer its services to residents of the United States, Canada or other countries due to jurisdictional restrictions.

Trading OctaFX offers many promotions for new members, such as deposit bonuses and

OctaFX 50% Deposit Bonus : Every $50 deposit is eligible for additional funds.

OctaFX is well-known for its monthly contest with real cash prizes.

OctaFX occasionally holds giveaways that offer lots of prizes. To get a random scratchcard, you must open 3 consecutive orders.


  • OctaFX was founded in 2011 and is regulated only in one tier-2 jurisdiction (Cyprus). This makes it a high-risk broker in forex and CFD trading.
  • Keeps an increasing number of well-organized research with trading ideas and weekly forecasts.
  • OctaFX is a new platform for social copy-trading.


  • Customers who are served by the broker’s offshore non-regulated entity in Saint Vincent & the Grenadines (SVG), do not receive any regulatory protection.
  • OctaFX seems to have competitive trading costs. However, its listed spreads don’t have corresponding date ranges and are paired only with a small selection of 50 tradeable symbol pairs.
  • OctaFX is struggling to compete in areas like education with multi-asset brokers.
  • OctaFX has removed the traders platform.


  • Trust Score
  • Offer of Investments
  • Platforms & Tools
  • Research
  • Mobile Trading Apps
  • Education

10. Market forex

Markets.com, an online forex broker, is located in South Africa. The broker was founded in 2008 and offers advanced trading opportunities as well as investment opportunities in various financial markets around the world.

Markets.com can provide a highly secured trading environment because it is regulated by five jurisdictions. These include the Cyprus Securities and Exchange Commission (CySEC) and the reputable Financial Conduct Authority (FCA), in the UK.

Markets.com clients can trade a wide range of assets using four trading platforms.

Elective professional traders can also benefit from higher leverage ratios and better trading conditions.

This broker allows you to trade CFDs, Commodities, Metals, Stocks, Metals, Stocks, Gold, and Indices. These are available on commission-free trading at tight spreads.

Markets.com is a leading provider of educational and research tools. Markets.com has received numerous industry awards including Forex Provider of Year at the UK Forex Awards.

Markets.com has the ability to accommodate a variety of trading experiences and trading goals.

Deposit bonuses range from 20% to 35% for deposits between % 100 and US Dollar 10 000


  • Accessibility
  • Leverage
  • Potential For Fast Returns


  • Volatility
  • Lighter Regulatory Protection
  • Fewer Residual Returns


  • High liquidity. High liquidity.
  • Market transparency
  • Dynamic market
  • Operates 24 hours
  • Lower trading Cost
  • Dollar is the most widely traded
  • Spot Market
  • Forward Market.


These are the best forex brokers with bonus and promotions available. If you’re looking for a forex broker with great customer service, competitive rates, and a range of bonus and promotion opportunities, look no further than these 10 brokers.

About Author

best forex brokers with bonus and promotions
Lovethy Precious
I’m a firm believer that information is the key to financial freedom. On Coindecimal Blog, I write about personal finance and crypto.

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