With promotions like No-Deposit Bonuses and Welcome Bonuses that forex brokers provide for new traders without spending their actual money, the forex market is one such platform that has grown in popularity in recent years.
Forex brokers provide new traders without trading accounts with a welcome bonus. They provide a no deposit bonus or a matched deposit bonus, which implies that a free bonus is given after the first deposit. The Best Forex No-Deposit Bonus Brokers in Kenya are listed below.
|
No-Deposit Broker |
Bonus Amount |
Regulation |
Trading Platforms |
Demo Account |
|
InstaForex |
$1,000 |
BVI FSC, CySEC, FSA SVG, FCA |
· $1,000 |
Yes |
|
SuperForex |
$88 |
None |
· MetaTrader 4 · SuperForex App |
Yes |
|
Tickmill |
$30 |
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
· MetaTrader 4 · MetaTrader 5 |
Yes |
|
FBS |
$100/$140 |
IFSC, CySEC, ASIC, FSCA |
· FBS Trader · MetaTrader 4 · MetaTrader 5 · CopyTrade Platform |
Yes |
|
XM |
$30 |
FSCA, IFSC, ASIC, CySEC, DFSA |
· MetaTrader 4 · MetaTrader 5 · XM Mobile App |
Yes |
InstaForex
New Kenyan traders who open a live trading account with InstaForex may get a $1,000 no-deposit bonus. A prominent benefit of dealing with InstaForex is that traders do not need to provide proof of identification to have bonus funds deposited into their account.
Pros and Cons
|
PROS |
CONS |
|
InstaForex offers commission-free trades |
There is no KES-denominated account offered by InstaForex |
|
There are several asset classes available from InstaForex |
|
|
Kenyans can use MT4 or MT5 |
|
SuperForex
SuperForex enables Kenyans to engage in forex trading without an initial deposit. This is a fantastic chance for prospective new clients to test out SuperForex's services without risking their own funds.
When they register a live trading account, Kenyans can earn a free $88 bonus with no deposit necessary, as well as an additional $99 bonus with a $10 investment.
Pros and Cons
|
PROS |
CONS |
|
SuperForex offers a choice between 11 accounts |
SuperForex is unregulated |
|
There is a large online trading community offered |
|
|
Kenyans can choose from several advanced trading tools |
|
Tickmill
Tickmill provides new traders with a $30 no-deposit bonus just for opening an account. As a result, they may manage their risk across several financial markets without investing any of their own money.
Kenyans who trade on Tickmill can pay out any profits they make using the bonus, which is an additional benefit.
Pros and Cons
|
PROS |
CONS |
|
Tickmill offers commission-free options |
There are no fixed spread accounts offered |
|
Kenyans are given access to several advanced tools for trading |
|
|
MT4 and MT5 are both offered to Kenyan traders |
|
👉Open a Free Trading Account Now
FBS
FBS offers two diverse types of no-deposit bonuses. FBS provides a $100 Quick Start Bonus for use on the FBS Trader platform, enabling novice traders to test the waters without jeopardizing their own capital.
If you comply with FBS's requirements, you could be eligible for a free $140 bonus with no deposit required. The FBS no-deposit bonus is withdrawable after certain conditions are met; until then, it may only be used as trade credit for trading activities.
Pros and Cons
|
PROS |
CONS |
|
FBS provides a choice between dynamic retail accounts |
The spreads are wide on some accounts |
|
Kenyans can expect an attractive no-deposit bonus when they sign up for an account |
There are only a few financial markets offered |
|
Kenyans have access to several social trading opportunities |
|
XM
XM is a fantastic option for both short- and long-term traders and investors because of its super-fast execution and first-rate analytical tools. XM is one of the best forex brokers in Kenya that make it easy to register an account and start trading.
Thanks to a $30 no-deposit bonus provided by XM Group upon registering a live trading account, traders in Kenya could profit from the market without risking their own money.
Pros and Cons
|
PROS |
CONS |
|
XM accepts hedging, scalping, and EAs |
There are no fixed spreads offered |
|
Kenyans are given negative balance protection |
There are inactivity fees that apply |
|
XM provides fast and reliable trade execution |
|
Conclusion
Forex deposit and non-deposit bonuses appeal to novice and expert traders, and no-deposit bonuses assist beginners in understanding the broker’s platform and trading conditions.
However, Kenyans must consider the terms and conditions of the no-deposit bonus and ensure that they only register with reputable forex brokers.
FAQ
How can I get a forex bonus without a deposit?
To become eligible for a no-deposit bonus, you can register a trading account with any of the brokers that we discussed, verify your account, and opt-in from your trader’s dashboard.
Does Exness offer a no-deposit bonus?
No, Exness does not currently offer Kenyan traders a no-deposit bonus.
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