Which forex broker is good? Among 10 options with real bonuses in 2026

If you’re interested in which forex broker to choose that offers bonuses, the answer isn’t about which broker gives the most money, but whether the bonus conditions suit your trading style. This article will help you understand the truth behind the word “free” in the Forex industry and find a good broker for trading that truly matches your goals.

“Free” Money That Isn’t Really Free: The Truth You Need to Know Before Trading

Before deciding which forex broker to trade with, understand the difference between “cash bonus” and “trading credit” clearly.

The bonus offered by brokers, 99% of the time, isn’t cash that you can withdraw immediately. It’s a trading credit only. You can use this credit to trade, but you cannot withdraw the bonus as profit. The only thing you can withdraw is the profit made from trading with that credit.

Why do brokers give bonuses? Simply—because they want you to trade more often. The more you trade, the more profit they make from spreads and commissions. Therefore, bonuses are an investment by brokers to attract new clients who will generate higher trading volume over the long term.

Types of Bonuses You Need to Know and Differentiate

Not all bonuses are the same. Choosing which forex broker to trade with starts with knowing which type of bonus suits your trading style.

No-Deposit Bonus

This is the most popular among beginners. You register and verify your identity, and you get free funds into your account without depositing your own money.

Suitable for: People who want to try trading but are afraid to risk their own money.

Examples: XM offers $30, Tickmill offers $30, RoboForex offers $30.

Caution: Withdrawal limits on profits are often small ($30–$100), and trading conditions can be quite strict.

Deposit Bonus

The broker adds a percentage of your deposit as a bonus, e.g., deposit $500 and get 100% bonus = total funds $1,000.

Suitable for: Those ready to invest and want to increase their trading capital.

Examples: FBS offers 100%, HFM 100%, JustMarkets 50%-120%.

Caution: You must trade a certain number of lots to withdraw the bonus; if you withdraw your initial deposit, the bonus disappears immediately.

Tiered Welcome Bonus

This bonus unlocks in stages as you complete certain tasks, such as registration → identity verification → first deposit.

Suitable for: Beginners who want gradual learning and trust-building.

Examples: Mitrade offers a total of $100 divided into multiple steps.

Highlight: Transparent process; each step completed gives immediate feedback.

Conditions That Can Make You Lose the Game

Before accepting any bonus, read the withdrawal conditions carefully, or you might end up losing money.

Trading volume (Lot Turnover) conditions Most brokers require you to trade a certain number of lots before you can withdraw profits. For example, get a $30 bonus but need to trade 3 standard lots on EUR/USD with a $10 spread per lot = paying $30 in spreads to meet the condition, which can eat into your bonus.

Profit caps Many bonus accounts limit the amount of profit you can withdraw, e.g., Tickmill allows only $30–$100 in profits, regardless of how much you earn.

Time limits Bonuses often expire after a certain period. You must complete tasks within this timeframe, or the bonus will disappear.

Withdrawal rules for your capital When you withdraw your deposited funds, the bonus is usually forfeited immediately. This is a common rule across almost all brokers.

Which broker is good for forex trading in 2026?

Once you understand the conditions, consider these 10 popular options, each with its own strengths:

1. Mitrade – For beginners who like step-by-step learning

An Australian broker regulated by ASIC, known for educational bonus programs.

Bonus: Up to $100 divided into 4 steps (Login $10, Register $20, Verify ID $30, Deposit $40).

Unlock system: Must trade specific products, e.g., gold unlocks $2 per 0.1 lot.

Strengths: Completing all 4 steps unlocks profits; Trustpilot rating 4.6 stars.

Limitations: Must complete all tasks; missing one makes progress harder.

Suitable for: New traders who want a simple platform to learn.

2. XM – For those who dislike reading complicated conditions

A well-known forex broker under CySEC and ASIC.

Bonus: $30 no deposit (actually, you need to deposit $5 first to verify).

Withdrawal conditions: Trade 0.1 standard lot or 10 micro lots with at least 5 orders.

Strengths: Credits never expire as long as the account is active; straightforward conditions.

Limitations: No multiple accounts from the same IP.

Suitable for: Beginners wanting easy start without high minimum deposits.

3. Tickmill – For those who want the lowest spreads

Regulated by FCA, known for speed and low spreads.

Bonus: $30 in a separate welcome account (no deposit needed).

Withdrawal: Open a real account, deposit at least $100, then request withdrawal via email.

Strengths: Supports EAs, very low spreads.

Limitations: Withdrawal process is somewhat complicated; support needed.

Suitable for: Scalpers or EA traders seeking low costs.

4. RoboForex – Easiest withdrawal conditions

Regulated by FSC, member of The Financial Commission (€20,000 compensation fund).

Bonus: $30 after depositing at least $10.

Withdrawal: Profits can be withdrawn directly; bonus remains even if account is in drawdown.

Strengths: Transparent, friendly conditions; bonus supports margin.

Limitations: Minimum deposit of $10; not a fully free bonus.

Suitable for: Small capital traders wanting bonus support.

5. FBS – For those who like big things

Known for large bonuses and high leverage, regulated by ASIC and CySEC.

Bonus: 100% on first deposit + 60% on subsequent deposits.

Max bonus: Over $5,000 depending on deposit size.

Withdrawal: Bonus is credit only; profits can be withdrawn. If equity drops below bonus amount, bonus disappears.

Strengths: Suitable for large trading volumes.

Limitations: Poor trading performance can wipe out bonus benefits.

Suitable for: Traders who want to open large orders with good risk management.

6. FxPro – Real cash rewards

Premium broker with multiple awards, regulated by FCA and CySEC.

Bonus: 100% deposit bonus (up to $1,000) occasionally.

Referral program: Both referrer and referee get $50 cash.

Conditions: Referee deposits $100 and trades 3 lots within 30 days.

Strengths: Cash rewards, not just credits; rare in the market.

Limitations: Need to find friends to refer.

Suitable for: Traders with community or social groups.

7. HFM – Opportunity to withdraw bonuses

Popular in Thailand, regulated by FSCA, FCA, FSC, CySEC.

Bonus: 100% deposit bonus (up to $200 for Thai clients).

Withdrawal: Trade enough lots: lots = bonus / 2 (e.g., $200 bonus = 100 lots).

Strengths: Once enough lots are traded, bonus can be withdrawn.

Limitations: High lot turnover requirement.

Suitable for: Frequent traders with large trading volume.

8. IUX Markets – Proportional bonuses

Regulated by ASIC, FSC Mauritius, FSCA.

Bonus: 35% on deposits up to $300, 25% on subsequent deposits.

Max bonus: $3,300.

Conditions: Bonus boosts margin, not withdrawable, supports drawdown.

Strengths: Fast deposits/withdrawals, low latency, good for day traders.

Limitations: Slightly higher spreads.

Suitable for: Traders seeking low spreads and quick execution.

9. GMI Markets – Resilient bonuses

Regulated by FCA, VFSC, FSC.

Bonus: 15%-20% on deposits, up to $5,000.

Special feature: Bonus can be used as margin anytime, even if your principal is gone; it helps sustain your account until bonus is exhausted.

Withdrawal: Profits are withdrawable; bonus cannot be.

Strengths: Stable servers, fast bank transfers.

Suitable for: Swing traders or those needing strong drawdown protection.

10. JustMarkets – For “Overlot Warriors”

Formerly JustForex, known for very high bonuses.

Bonus: 50% (deposit ≤ $100), 100% (deposit $100–$500), 120% (deposit > $500).

Max bonus: Up to $40,000!!

Conditions: When you withdraw any funds, the bonus is forfeited immediately.

Strengths: Very large bonuses, suitable for big orders.

Limitations: Strict withdrawal rules; must deplete funds to remove bonus.

Suitable for: Aggressive traders with large accounts.

Quick Comparison

What to Consider Before Deciding Which Forex Broker to Choose

Ultimately, which forex broker to trade with depends on who you are:

• If you’re a beginner: Choose Mitrade or XM for simple conditions and education.
• If you’re somewhat experienced: HFM, GMI, or IUX for bonuses that genuinely increase leverage.
• If you like aggressive trading: FBS or JustMarkets with heavy bonuses.
• If you’re cautious: FxPro, RoboForex, or Tickmill for transparent conditions.

Remember: Bonuses are the last consideration. The most important factors are regulation, spreads, customer support, and whether the platform suits your trading style.

Choosing the right forex broker will make your trading smoother and more successful.