The 6 Best Forex Brokers with No Deposit Bonus in Brazil

Minutes of reading

Updated on 04/07/2025

Entering the world of financial trading without risking your own money? It seems too good to be true, but that's exactly what brokers with no deposit bonuses offer. I will share my personal experience with these platforms that allow you to start trading without investing a single cent.

What is a No Deposit Forex Bonus?

When I started exploring the forex market, I was surprised to discover that some brokers offer free money for trading. A No Deposit Bonus is basically a small capital that the broker provides for you to start trading under real market conditions, without needing to deposit anything.

In practice, it works like a “test money” that allows you to experiment with the platform and its tools. But be careful! Always read the terms and conditions carefully, as there are often specific requirements to withdraw the profits obtained with this bonus. Some require a minimum trading volume or even a subsequent deposit.

The 6 Best Brokers That Offer No Deposit Bonuses

1. Mitrade

Mitrade has quickly gained popularity in the CFD sector, offering an impressive variety of assets for trading. What attracted me the most was its intuitive platform, perfect for both beginners and experienced traders.

Your bonus is structured in an interesting way: up to $100 divided into stages. I received $20 right after opening my account, plus $30 after verifying my identity, and I had the chance to earn an additional $50 after making my first deposit. The bonus period lasts 30 days, and best of all, by meeting the required trading volume, I was able to withdraw the profits without any issues.

2. OctaFX

OctaFX stands out for its familiar platforms like MT4, MT5, and cTrader. I tested their mobile app and was impressed by the ease of use anywhere.

Unlike others, OctaFX does not offer a no-deposit bonus per se, but rather a 50% bonus on your initial deposit. This significantly increases your trading power and profit potential. Although the bonus itself cannot be withdrawn, profits can be taken out once you reach the required trading volume.

3. Tickmill

Tickmill caught my attention due to its low trading costs. When I opened my account, I received a $30 bonus without having to deposit anything - perfect for those who want to start cautiously.

The 60-day promotional period gave me enough time to test their tools. One important note: the initial bonus cannot be withdrawn, and the profits have specific rules - they must be between $30 and $100, and the withdrawal needs to be made within 14 days after the promotion ends.

4. RoboForex

RoboForex offers a Welcome Bonus of $30 for new traders. When I verified my account, the bonus was credited immediately, without the need for a deposit.

The 30-day period seemed a bit short compared to other exchanges. Like the others, the bonus cannot be withdrawn directly, but the profits can - as long as you meet the required trading volume. It was a great way to try out their MT4, MT5, cTrader, and R Trader platforms without financial commitment.

5. XM

XM has earned my trust through excellent customer service. Its $30 bonus for new traders is easy to obtain - just complete the identity verification and claim it.

What I found interesting was the ability to withdraw profits at any time, even though the bonus itself cannot be withdrawn. Additionally, they offer an extra promotion of a 100% deposit bonus + 20% for subsequent deposits, which can be advantageous for those who plan to invest more later.

6. InstaForex

InstaForex, awarded Best Broker in Asia 2024, offers a generous bonus of up to 100% of the deposit, which can reach $2,000. However, I noticed an important rule: if you do not deposit money within 7 days, the bonus account is converted into a demo account.

The profits obtained become an additional 100% bonus, but can only be withdrawn when you reach the specified number of traded lots. I also found out that each new account opened receives an additional 30% bonus, which can be interesting for diversified strategies.

Conclusion

After testing all these platforms, I realized that no deposit bonuses are an excellent gateway to the forex market, especially for those who are hesitant to risk their own capital initially. Each broker has its own particularities and advantages.

Personally, I preferred Mitrade's approach for its transparency in the rules and ease of use of the platform. However, the ideal choice depends on your profile as an investor. Just don't forget to read the terms and conditions carefully - some of these tempting offers hide difficult-to-meet requirements.