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.
Some 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:
Hotforex offers two types of 100% bonus on new deposits, 100 credit bonus and 100 Supper Charged. One of them is withdrawable and the other can’t be withdrawn and it’s more like a rebate or cashback system.
Hotforex doesn’t accept clients from the US, and Canada
Let’s take a look at the terms and conditions of Hotforex 100% credit bonus:
100% Credit Bonus
To be eligible for this bonus, you need to deposit at least $100
The bonus is available for these types of accounts of HotForex: Micro, Premium, and Islamic
So the ECN account of Hotforex, which has the lowest spreads among HotForex types of accounts, isn’t included. If you are a scalper or a day trader that a few pips matter for the profitability of your strategy, this bonus might not be the best option for you.
For releasing the bonus, you need to trade a specific number of lots which is calculated as follow:
Required lots= total awarded bonus/2
For example, if you deposit $100 and receive a $100 deposit bonus, you need to trade 50 lots (100/2) in order to be able to withdraw the $100 bonus.
There’s no time limit for completing required lots
So in the example above, you may trade 50 lots in one month, six months, 12 months, and etc.
The positions with the profit of 3 pips or less aren’t taken into account when calculating the required lot size
So, besides not being able to choose the ECN account, your 3 pip positions aren’t been considered for 100% deposit bonus which makes the bonus not favorable for scalpers especially for the ones hunting 2 or 3 pips.
The maximum %100 bonus you can get is $30000 for each account and $150000 in total
So if you want to deposit more than 30K and request for the bonus, you should open two, three,.., or 5 accounts.
If your equity goes below the amount of your deposit, the bonus will be canceled
For example, if you deposit $100 and receive a $100 deposit bonus, then trade and lose $100 (your deposit), the $100 bonus will be removed automatically.
You can find a full version of the conditions here.
The bonus is withdrawable
There’s no time limit for lots completion
You can’t choose ECN account
100 Supper Charged Bonus
As mentioned before, this bonus is more like a cashback system than a deposit bonus which means you receive a portion of every lot you trade.
Let’s see what the terms and conditions of the Hotforex 100% Supper Charged bonus are.
The minimum deposit for being qualified for this bonus is $250
Only Premium and Islamic accounts are available for this bonus
So just like the previous bonus, this bonus is not a good option for scalping.
Unlike the 100 credit bonus, this one is just given to one account which means you can’t open several accounts and request for it
The maximum bonus you can receive is $50000
The bonus is not withdrawable but profits and rebates are
For every standard lot that you trade you receive 0.2 lots
For example, you trade 1 lot EURUSD which is worth $10, so you receive $2 as a rebate.
The maximum rebate you can get is $8000
Trading forex pairs and gold are taken into consideration when calculating rebates
So for example, if you trade cryptos or indices, you don’t receive rebates.
If your equity gets under your deposited money, just like the previous bonus, your bonus will be removed
Find out more about Super Charged bonus here
No time limit
Just available for premium and Islamic accounts
FBS has a 100% deposit bonus offered for every deposit you make.
FBS doesn’t accept clients from the US, Belize, Russia, and Cyprus
Ok, let’s see what we can find out about FBS 100% deposit bonus
There’s no minimum deposit for receiving the bonus and you can request that with any amount of deposit
The deposit bonus is available for all types of FBS accounts except for ECN
The bonus is withdrawable but before withdrawal, you need to trade a specific number of lots
There’s no time limit for completing required lots
The required lots are calculated as follow:
Required Lots= bonus amount/3
For example, you deposit $120 and receive $120 as deposit bonus. You need to trade 40 lots before withdrawing the $120 bonus.
If you lose 70% of your initial deposit, the bonus will be canceled
You can find more information about FBS deposit bonus after registration here and in your cabinet.
The bonus is withdrawable
There’s no time limit for completing required lots
No ECN account available
Roboforex has another Forex broker that has up to 110% deposit bonus which is called Classic bonus.
Roboforex doesn’t accept clients from the US, Canada
The minimum deposit is $10
If you deposit up to $300, you can receive a 50% bonus on your deposit
Between $300 and $500, you can request for 100% deposit bonus
Above $500, you’ll be offered 110% bonus
The bonus is available for all types of Roboforex accounts including ECN
So it could be a suitable option for scalpers
You can withdraw the bonus after trading a specific number of lots as follow:
Required lots= the amount of bonus
For example, you deposit $400 and receive $400, now you have to trade 400 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
There’s no time limit for lot completion
The number of required lots is high
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
Not much, because the bonus acts as margin supporter
Just forex has several one-time deposit bonuses including 50%, 100%, and 115%.
JustForex don’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.
110% deposit bonus available
Time limit for completing required lots
ECN account is not available
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
Trader’s Way is a forex broker that has deposit bonuses up to 100%.
Trader’s Way accepts clients from all around the world including US residents.
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
No time limit
ECN account available
More required lots compared to other 100% deposit bonuses
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.