If you are looking for the forex brokers with the best 100% deposit bonus, you ‘ll probably want to double your account because either you think your money isn’t enough to trade or you may think that if I can take advantage of some free money, why not!

For whatever reason you want to double your account with a deposit bonus, you should know that there are some differences between the 100% deposit bonuses of different forex brokers.

For example, some of them are withdrawable but others are just to support your margin and enable you to trade larger lot sizes.

Some others only have the name of 100% deposit bonus and are basically for advertising purposes.

For finding the best 100% deposit bonus, I searched a lot of forex brokers and went through the terms and conditions of their deposit bonuses to see how realistic they are.

Most of them were totally useless, so I eliminated them.

I’ve found some that have better conditions than others, either they are withdrawable or not.

Let’s find out about them.

Forex Brokers with the Best 100% Deposit Bonus

Here’s a list of the forex brokers with the best 100% deposit bonus along with a concise version of their terms and conditions:

• Coinexx
• RoboForex
• InstaForex
• JustForex
• SuperForex
• Trader’s Way

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1- Coinexx

Coinexx offers a 100% deposit bonus that instantly doubles your trading capital, allowing you to maximize your trading potential.

Coinexx accepts clients from all over the world

Key Details:

• The minimum deposit required to claim the bonus is $100.
• The bonus acts as additional margin, enabling traders to increase their trading volume.
• The maximum bonus amount a client can receive is $40,000.

For example, if you deposit $500 and request a 100% bonus, you’ll receive an additional $500, making your total trading balance $1,000.

Bonus Withdrawal Conditions:

• The bonus can be used for trading but cannot be directly withdrawn.
• If you lose all of your deposited funds, your open positions will be automatically closed at market prices, and the bonus will be removed.
• If you withdraw your deposit, a proportional amount of the bonus will be deducted.
• Profit withdrawals do not affect the bonus amount.

Additional Terms:

• The maximum leverage allowed under the deposit bonus promotion is 200x.
• Coinexx reserves the right to amend or cancel the bonus if abuse or bad faith is detected.
• Traders may be required to provide additional documentation to participate.

Get The Bonus

Coinexx Website

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2- RoboForex

Roboforex has another Forex broker that has up to 120% deposit bonus which is called Classic bonus.

Roboforex doesn’t accept clients from the US, Canada

The minimum deposit is $10

You can pick from one of theses percentages as deposit bonus: 25%, 50%, 100%, and 120%.

For instance, if you deposit $1000 and request for 50% bonus, you’ll receive $500 and your account becomes $1500.

You can withdraw the bonus after trading a specific number of lots as follow:

Required lots= the amount of bonus/2

For example, you deposit $400 and receive $400, now you have to trade 200 standard lots before withdrawing your bonus.

No time limit for lots completion

The maximum bonus you can ask for is $50000

The bonus will be canceled if you lose your deposited money

See more on terms and conditions

Get The Bonus

Roboforex Website

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3- InstaForex

InstaForex has several bonuses including 100% deposit bonus which is available for your first deposit in every account you open.

Instaforex don’t accept US residents

There’s no minimum deposit for using this bonus

The bonus is not withdrawable and you can only withdraw your profits

The maximum 100% bonus you can receive is $2000, however, if you deposit between $2000 and $5000, you’ll be offered 50% bonus for the $3000 reaming deposit. For any amount above $5000, you’ll receive 30% as the bonus

For example, you deposit $7000. In this case you can get 100% for $2000 which is $2000, 50% for $3000 which is $1500 and 30% for $2000 which is around $666. Therefore, for your $7000 deposit, you can receive around $41666.

Only the Standard and Cent accounts of Instaforex are available for this bonus

You can just trade forex pairs and other trading instruments such as Cryptos, Indices, and etc aren’t available

If your equity goes below the 120% of the bonus, it’ll be canceled

For example, you deposit $100 and receive $100 as the bonus, now you have $200. Then you trade and lose $120. In this level, your bonus will be canceled and your account will be $0.

If you don’t trade for one month, the bonus will be canceled

More about terms and conditions here

Get The Bonus

InstaForex Website

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4- JustForex

Just forex has several one-time deposit bonuses including 50%, 100%, and 115%.

JustForex doesn’t accept US residents

The minimum deposit for 50% bonus is $100. Between $100 and $500 you can request for 100% bonus and above $500, you can receive 110% deposit bonus.

The bonus is withdrawable after trading a number of lots

The number of lots you need to trade before the withdrawal is calculated as follow:

Required lots= bonus amount/3

There’s a time limit of 30 days for completing the required lots

For example, if you deposit $300, you’ll receive $300 as the bonus. Now, you need to trade 100 lots in order to be eligible for withdrawal.

Pro, Mini, and Standard accounts are the available accounts for the deposit bonuses. Cent and ECN accounts of JustForex are not included.

The maximum bonus that you can ask for is $40000

If your equity goes below your deposit, the bonus will be removed

For example, you deposit $200 and receive a $200 bonus. Now you have $400. Then you trade and lose $200. At this level, your bonus will be canceled and your balance becomes $0.

The trades with the targets of 3 pips and less are not considered when calculating required lots

So this bonus is not a suitable option for the scalpers who squeeze as low pips as 3 or less.

You can find a complete version of JustForex terms and conditions here.

Get The Bonus

JustForex Website

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5- SuperForex

Superforex has several deposit bonuses including a 120% one, which has been increased to 202% for the entire year of 2020

SuperForex doesn’t accept US residents

The minimum money you need to deposit in order to ask for 202% bonus is $100 and there’s no minimum deposit for 120%

The bonus is not withdrawable and you can only withdraw the profits that you make

There’s no time limit for keeping the bonus amount in your account

If you lose your deposit, the bonus will be removed

If your margin level goes below 300%, the bonus will be canceled

So basically the bonus is worth nothing and is just for attracting clients

You can find more information after registration in your cabinet

Get The Bonus

SuperForex Website

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6- Trader’s Way

Trader’s Way is a forex broker that has deposit bonuses up to 100%.

Trader’s Way doesn’t accept clients from the US

There’s no minimum deposit for the 100% deposit bonus of Trader’s Way

The bonus is withdrawable and you can redeem it by trading a number of lots

For every dollar to be released, you need to trade 2 standard lots.

Let’s say you deposit $100 and receive $100 as the bonus. The $100 in your account is a 100 dollar credit and is not considered your money. As a result, if stop out takes place, it won’t help your margin.

Every 2 lots that you trade, $1 is deducted from the credit and considered as your money that you can either withdraw or keep it in your account for trading

The maximum deposit bonus that you can receive is $5000

This bonus is available for MT4.FIX, MT4.VAR, and MT4.ECN accounts of Trader’s Way. MT5.ECN and cTrader that are the other two types of this broker are excluded from this deposit bonus

There’s no time limit for releasing the bonus

News trading is prohibited when you are trading with an account attached to the bonus

See more about terms and condition

Get The Bonus

Trader’s Way Website

Common Terms and Conditions of 100% Deposit Bonus

Every forex broker that offers 100% deposit bonus has its own set of rules but many of these terms and conditions are common among them.

Let’s take a look at the ones that you probably see in the terms and conditions of the 100% deposit bonuses.

If a deposit bonus is withdrawable, you need to trade a specific number of lots before you can withdraw that.

Every forex brokers set out its own calculation for required lots. For instance, some tie every dollar to one lot and others release $3 for one traded lot.

For example, you receive $120 as deposit bonus. Brokers A allows you to withdraw that amount after trading 120 standard lots but broker B releases your bonus after trading 40 standard lots.

Another condition that you might come across is time limit.

Sometimes a forex broker sets a time limit for trading the mentioned specific lots. For example, you need to trade 30 lots in one month.

If the required lots you need to trade are in the common categories such as one lot for 1, 2, or 3 dollars; that time limit makes the bonus hard to release.

For example, you get $120 and for releasing that, you need to trade 40 lots in 30 days. As you can see, it’s very hard to pull off.

The next condition that you might see is setting a limitation on the maximum 100% deposit bonus you can request for.

For example, the max bonus you can receive is $50000 so if you deposit $60000, you only receive $50000 as bonus, not $60k.

The other important condition that you should be aware of is related to the number of withdrawal or the conditions that might happen if you withdraw your money before trading all the required lots.

In some cases, you can only withdraw once and after that, your bonus will be canceled.

For example, you’ve received $100 as deposit bonus. According to the conditions of the bonus you need to trade let’s say 50 lots. You trade 10 lots and release $20 of your bonus.

If you take that profit out of your trading account, the rest, or in some cases, a part of the bonus will be removed.

The Bottom Line

If you are looking for increasing your edge and profitability, looking for the forex brokers with 100% deposit bonus can be a wise idea because if there’s extra money to make, why shouldn’t?

However, you should completely be aware of the deal you get and make sure that none of the clauses of the bonus is against your style of trading and your trading, in general, doesn’t hurt in any way.

The only way that you can be confident about that is by reading the terms and conditions of the bonuses meticulously.

I tried to give you concise reviews of them and mention the important ones so you have a general idea of which one to pick but make sure to read them completely on the brokers’ websites. That’s why I provided a link to the terms and conditions pages after explaining every one of them, above.