Navigating the Forex market requires skill, strategy, and the right broker. A no-deposit bonus can be the key to unlocking the vast potential of those in Malaysia.
This article highlights the top 9 brokers offering a Welcome, Sign-Up, Forex No-Deposit Bonus Offer of Promotion paving the way for informed trading decisions. In this article, you’ll learn:
- The Best Brokers Offering a Forex No-Deposit Bonus (2023) – a List
- The Top Forex Brokers with a No-Deposit Bonus Without Deposit or Verification
- The Best Forex with a Withdrawable No-Deposit Bonus
- What is a Forex No-Deposit, Sign-Up, Welcome Bonus – $30, $50, $100, $500
And lots more…
9 Forex Brokers in Malaysia with No-Deposit Bonuses – a Comparison
| 🔎 Broker | 🎁 No-Deposit Bonus Amount | 💵 Bonus Amount |
| 🥇 InstaForex | ✅Yes | $1000 USD |
| 🥈 SuperForex | ✅Yes | $88 USD |
| 🥉 Tickmill | ✅Yes | $30 USD |
| 🎖️ ForexChief | ✅Yes | $100 USD |
| 🏅 Admirals | ✅Yes | $100 USD |
| 🏆 Windsor Brokers | ✅Yes | $30 USD |
| 🥇 XM | ✅Yes | $30 USD |
| 🥈 FreshForex | ✅Yes | $99 USD |
| 🥉 JustMarkets | ✅Yes | $30 USD |
9 Forex Brokers in Malaysia with No-Deposit Bonuses (2025)
- ☑️ InstaForex – Overall, the Best Forex Broker with a No-Deposit Bonus
- ☑️ SuperForex – Offers a Forex Bonus with Indefinite Validity
- ☑️ Tickmill – Offers Access to a $30 Welcome Account
- ☑️ ForexChief – The Best Broker for Beginner Traders in Malaysia
- ☑️ Admirals – Best Forex Broker for Professionals
- ☑️ Windsor Brokers – $30 Sign-Up Welcome Bonus
- ☑️ XM – Withdrawable Bonus Funds
- ☑️ FreshForex – Offers a USD 99 No-Deposit Bonus
- ☑️ JustMarkets – Excellent Customer Support
InstaForex
InstaForex offers a $1,000 no-deposit bonus to new Malaysian customers. The bonus is quickly credited after successful account verification, allowing instantaneous trading.
While the bonus is non-withdrawable and is forfeited following the first withdrawal, any profit over the bonus can be withdrawn at any time. This InstaForex product is an appealing entry point for those looking to start trading without taking any financial risks.
Aside from the USD 1000 No-Deposit Bonus additionally offers access to:
- ✅ A 100% First Deposit Bonus of up to $2000 USD
- ✅ A 55% Bonus on each Deposit Made
- ✅ A 30% Welcome Bonus
- ✅ InstaForex Club Bonus
InstaForex also offers access to Contests and Events.
SuperForex
SuperForex’s $88 no-deposit bonus is available to all qualifying clients across all account types. This bonus is notable for its indefinite validity and the ability to reclaim it under certain situations.
While the bonus cannot be withdrawn, earnings can, with some limits. As a result, it is a flexible offering for Malaysian traders.
Other Bonusses on Offer include:
- ✅ A +3000% Easy Deposit Bonus
- ✅ The Welcome+ Bonus
- ✅ A Energy+ Bonus
- ✅ Hot Bonus
Traders can also choose to refer a Friend in order to claim cashback.
Tickmill
Tickmill, a well-known broker, offers a $30 Welcome Account to all new clients, focusing on beginners in Malaysia. This offer gives traders access to various trading assets, including Forex, stock indexes, commodities, and bonds. The withdrawal procedure is simple, requiring the completion of 5 standard lots and 20 round turn trades.
Furthermore, Tickmill’s compensation structure, tailored for beginners and experienced traders, allows individuals to sample numerous markets without making an initial financial commitment.
ForexChief
The $100 no-deposit incentive from ForexChief is an excellent opportunity for Malaysian traders to evaluate the broker’s offerings and trading tactics.
Its distinguishing qualities include a quick verification process, indefinite validity, acceptance of various trading strategies, and a simple withdrawal procedure for both the bonus and winnings.
Furthermore, this bonus structure has been designed to provide the best flexibility and incentive for new and experienced traders. ForexChief also offers access to a Welcome Bonus of Up to $500 USD.
Admirals
Admirals offers a special 100 USD “Exclusive Bonus” to Malaysian traders. This incentive is effective for 30 days after receiving it, benefiting trade by increasing the available margin. It does not, however, cover trade imbalances.
Each trading profile can only have one active bonus, and traders must achieve certain trading volume requirements before withdrawing or transferring funds. Admirals’ bonus program is meticulously structured to encourage prudent trading behavior.
Windsor Brokers
Windsor Brokers offers newbies with Prime Accounts a handy $30 no-deposit bonus. The account is credited with free trading funds once the registration process is completed.
This promotional scheme, accessible in different currencies, is intended to provide a welcoming environment for novices who want to experience true trading without making any initial financial investment.
XM
In Malaysia, XM offers a $30 no-deposit bonus to new customers. This bonus is quickly credited following the account verification process, allowing traders to begin their trading experience as soon as possible.
While the core bonus stays non-withdrawable and is forfeited following the first withdrawal, any profit earned over the bonus sum is withdrawable without limitation.
In addition, XM’s incentive is intended to be an appealing entrance point for individuals looking to begin their trading careers without the burden of financial risk.
FreshForex
FreshForex provides a one-of-a-kind $99 no-deposit bonus, emphasizing earnings retention over seven days. Traders can protect their profits by depositing an amount equal to or greater than their profits. In addition, FreshForex’s unique bonus offer caters to traders searching for a quick boost to their trading funds.
JustMarkets
JustMarkets gives a $30 Welcome Bonus via its exclusive “Welcome Account.” This account offers new clients trading opportunities in FX currency pairings and commodities denominated in USD. However, each client is only eligible for one incentive.
Furthermore, the bonus promotes a safe trading environment, encouraging customers to familiarize themselves with the site. Multiple bonus accounts are strictly prohibited from maintaining fairness.
Understanding No-Deposit Bonuses
What are No-Deposit Bonuses, and how do they work?
Forex brokers offer no-deposit bonuses as a promotional incentive to lure new traders to their platforms.
Unlike traditional bonuses, which require traders to deposit a particular amount of money to qualify, no-deposit bonuses are paid without the trader making any initial financial commitment. It is “free money” that brokers offer to potential clients for them to practice real trading on their platforms.
The bonus sum is credited to a trader’s trading account once they register with a broker that offers a no-deposit bonus. This sum can be used to initiate trades like one would with their deposited funds.
The main caveat is that traders cannot withdraw the bonus money immediately. They can, however, trade with it and, in many circumstances, withdraw the gains they make from trading with the bonus, subject to the broker’s terms and conditions.
No-Deposit Bonus Common Terms that Malaysians must know
While no-deposit bonuses sound appealing, they frequently come with strings attached. These could include the following:
- ✅ Trading Volume Requirement: Before withdrawing bonus winnings, traders may be required to meet a particular trading volume.
- ✅ Withdrawal Limits: The amount of profit that can be withdrawn from trading using the bonus may be limited.
- ✅ Expiry Date: Some bonuses might expire, after which the bonus sum is deducted from the account if unused.
- ✅ Trading Instruments Restricted: Not all trading instruments may be accessible for use with the bonus amount.
Can no-deposit bonuses be withdrawn?
No, no-deposit bonuses cannot be withdrawn because they are trading credit, not cash.
Are no-deposit bonuses free in Malaysia?
Yes, they are an incentive that requires no initial deposit.
The Advantage of No-Deposit Bonuses
Building Trust with Brokers
Trust is an important aspect of the Forex market. Traders must have confidence in their broker’s openness and integrity. Therefore, no-deposit bonuses can create confidence between brokers and traders.
Brokers demonstrate faith in their platform and services by providing free capital, expecting traders to appreciate the gesture and consider them for long-term trading relationships.
Opportunity to Test Trading Strategies
No-deposit bonuses give traders a one-of-a-kind opportunity to test and fine-tune their trading techniques in live market circumstances without risking their own money.
Every trader believes they have a winning method or collection of strategies. Theoretical knowledge and actual market conditions, however, can differ.
Therefore, Malaysian traders can use a no-deposit bonus to test their methods and evaluate their performance in real-time market settings. This not only aids in strategy refinement but also a better understanding of market dynamics.
Potential to Earn Real Profits
While the bonus is a promotional tactic, the earnings generated by trading with it are genuine. Traders can make and withdraw earnings according to the terms and restrictions of the broker.
Furthermore, profits from a no-deposit bonus could be many people’s first taste of success in the Forex market, inspiring them to continue their trading experience.
Risk-Free Exploration of the Trading Platform
One of the most significant benefits of no-deposit bonuses is that they allow traders, particularly beginners, to experiment with a broker’s trading platform without risking their money.
Therefore, Malaysian traders can acquaint themselves with the platform’s features, tools, and user interface before committing their funds.
Enhancing Market Knowledge and Experience
The Forex market is broad and constantly changing. Every trade is a lesson for beginner traders in Malaysia. Trading with a no-deposit bonus can help traders improve their market knowledge and expertise. Every deal, whether successful or not, provides an opportunity to learn.
Can I use the no-deposit bonus to learn Forex in Malaysia?
Yes, you can use a no-deposit to practice trading in a risk-free but real trading environment.
Are bonuses legal in Malaysia?
Yes, forex bonuses are legal. However, ensure you only accept bonuses from regulated brokers.
How to Leverage No-Deposit Bonuses
Use the Bonus as a Steppingstone
The primary aim of a no-deposit bonus is to acquaint new traders with the realm of Forex trading. It allows them to acquire knowledge, hone their skills, and grasp market dynamics.
Accomplished traders capitalize on this incentive as a launching pad by leveraging their past expertise and understanding to cultivate more sophisticated trading strategies and allocate greater funds for future investments.
Engage with the Trading Community
The trading community is a wealth of information, with many experienced traders sharing their tactics, experiences, and ideas.
By participating in this community, new traders can learn from the achievements and failures of others, as well as tips on leveraging no-deposit bonuses and receiving recommendations from reputable brokers.
Continuously Learn and Use Market Analysis
To enhance trading decisions and maximize profits, continuously acquiring knowledge in market analysis is crucial. The Forex market reacts to various global events, economic indicators, and geopolitical developments.
By staying informed on these factors, traders can identify lucrative opportunities for successful trades. Furthermore, utilizing a no-deposit bonus while expanding one’s understanding of the market may result in improved decision-making abilities and greater financial gains.
Understand the Terms and Conditions
Each broker has different regulations and restrictions for their no-deposit bonuses. Examples are trading volume requirements, withdrawal criteria, and time constraints.
Malaysian traders can optimize the benefits of the bonus by understanding these requirements ahead of time. It also aids in the avoidance of potential hazards and assures that traders can withdraw their earnings without encountering any unforeseen difficulties.
Diversify Trades
Instead of investing the entire bonus money in a single trade, traders can diversify by investing in various assets or currency pairs.
This strategy spreads the risk and increases the likelihood of profitable deals. Diversification also allows traders to obtain a deeper grasp of the Forex market by exploring other market niches.
Set Realistic Expectations
The bonus sum granted by brokers is frequently limited. As a result, while Malaysian traders can profit, they are unlikely to become billionaires overnight.
Therefore, setting realistic goals aids in keeping a disciplined trading approach. It ensures that traders do not incur undue risks in pursuing unrealistic rewards.
What is the maximum no-deposit bonus I can get in Malaysia?
The maximum you can earn will depend on the broker providing the bonus.
How do I sign up for a no-deposit bonus in Malaysia?
You can sign up with a broker that offers a no-deposit bonus and follow their instructions to receive it.
Future of No-Deposit Bonuses
Stricter Regulatory Oversight
Because no-deposit bonuses are becoming more popular, regulatory agencies around the world may establish stronger requirements to promote transparency and safeguard traders from potential scams.
Regulatory agencies are critical in maintaining the integrity of the Forex market. As no-deposit incentives grow in popularity, certain brokers may exploit them as a lure to engage in unethical actions.
Stricter restrictions could be imposed, requiring brokers to provide clear terms, fair trading conditions, and enough support to bonus traders.
Enhanced Educational Support
In the future, no-deposit bonuses could include expanded instructional support to assist traders in making the most of the bonus.
Education is an essential component of profitable trading. Recognizing this, brokers may provide full instructional packages and no-deposit bonuses. Webinars, e-books, video tutorials, and one-on-one mentorship sessions may be included.
The goal would be to provide traders with the knowledge they need to utilize the bonus and effectively transition into regular trading.
Changes in Bonus Structures
As the Forex market grows more competitive, brokers will undoubtedly develop and evolve their no-deposit bonus systems to differentiate themselves and attract traders. This could imply higher incentive amounts, more flexible conditions, or other perks related to the bonus.
Over the years, the number of brokers in the Forex sector has increased. Brokers may implement tiered bonus systems to differentiate themselves and appeal to a broader audience. The bonus amount grows depending on particular milestones or successes.
Furthermore, we could see bonuses mixed with additional products, such as free educational resources or limited-time premium support.
Technological Integration
Modern technology, like artificial intelligence and machine learning, may influence how no-deposit bonuses are offered and used.
With quick technological improvements, brokers might use AI to create customized bonus structures depending on a trader’s behavior, preferences, and trading history.
Machine learning algorithms could estimate a trader’s potential and provide bonuses designed to improve their trading experience. Furthermore, blockchain technology might ensure transparency in distributing bonuses and profits.
Shift Towards Long-Term Relationship Building
Instead of attracting new traders, brokers may use no-deposit bonuses to develop long-term relationships with traders.
Brokers can use no-deposit bonuses in the future as part of a comprehensive strategy for customer relationship management.
This would imply not just rewarding new traders with bonuses but also rewarding loyal clients regularly. Such gestures can help traders and brokers develop their bonds, assuring long-term loyalty and mutual growth.
Will AI kill no-deposit bonuses in Forex?
No, AI is set to enhance the way bonuses are given to traders.
Will no-deposit bonuses become illegal?
Yes, they could become illegal as more brokers refrain from using them because they can promote overtrading and other practices that pose a risk to traders.
The Best Forex Brokers in Malaysia
In this article, we have listed the best brokers that offer forex trading to traders in Malaysia. We have further identified the brokers that offer additional services and solutions to Malaysian traders.
Best MetaTrader 4 / MT4 Forex Broker in Malaysia – LiteFinance
Overall, LiteFinance is the best MT4 forex broker in Malaysia. LiteFinance’s ECN and Classic Accounts allow Malaysian traders to use MetaTrader 4. Low spreads (zero decimals), low fees, and high leverage (from 1:1 to 1:500) are all available to traders using MT4. LiteFinance offers access to 300+ trading assets, Raw Spreads, and, Super fast execution.
Best MetaTrader 5 / MT5 Forex Broker in Malaysia – OctaFX
OctaFX is Malaysia’s best MetaTrader 5 / MT5 Forex Broker. OctaFX provides Malaysian clients with low spreads and flexible trading accounts.
On OctaFX’s MetaTrader 5, a robust version of the industry standard trading platform, seasoned traders can conduct comprehensive fundamental and technical analysis using a suite of indicators and tools.
Best Forex Broker for Beginners in Malaysia – HFM
Overall, HFM is the best forex broker for beginners in Malaysia. The availability of a Micro Account at HFM makes it the ideal choice for beginners in Malaysia.
In addition, HFM provides a world-class selection of market analysis, educational tools and materials, and a demo account with no limitations.
Best Low Minimum Deposit Forex Broker in Malaysia – Alpari
Overall, Alpari is the best Low Minimum Deposit Forex Broker in Malaysia. Beginner traders can begin trading on Alpari with a low minimum deposit of 23 MYR ($5) and access to various educational tools and resources.
Best ECN Forex Broker in Malaysia – ThinkMarkets
Overall, ThinkMarkets is the best ECN forex broker in Malaysia. ThinkMarkets offers one of the finest ECN trading accounts to advanced Malaysian traders. The ThinkZero Account is regarded as the best, with zero-pip spreads and commissions starting at $7.
Best Islamic / Swap-Free Forex Broker in Malaysia – XTB
Overall, XTB is the best Islamic / Swap-Free forex broker in Malaysia. The Swap-Free Account provided by XTB grants Malaysian traders access to numerous trading products.
Furthermore, anyone in Malaysia can use any laptop or desktop computer to access the xStation5’s advanced features, including those for research, instruction, and more.
Best Rebates Broker in Malaysia – AvaTrade
Overall, AvaTrade is the Best Rebates Broker in Malaysia. AvaTrade associates from Malaysia can earn up to 20% of the spread, or 0.35 pips, on Forex, bitcoin, and other assets.
Best Forex Trading App in Malaysia – CMC Markets
Overall, CMC Markets is the best forex trading app in Malaysia. CMC Markets is a user-friendly mobile application that provides users access to numerous helpful resources, such as research tools, eye-catching statistics, personalized watch lists, news headlines, and how-to guides.
Best Lowest Spread Forex Broker in Malaysia – XM
Overall, XM is the best lowest-spread Forex broker in Malaysia. The EUR/USD is one of the world’s most actively traded currency pairs, yet XM offers spreads as low as 0 pips on these products.
Best Nasdaq 100 Forex Broker in Malaysia – Plus500
Overall, Plus500 is the best Nasdaq 100 Forex Broker in Malaysia. Plus500’s cutting-edge proprietary trading platform offers over 2,000 CFDs, including Nasdaq 100 under indices.
Malaysians utilizing Plus500 can anticipate commission-free trading and tight spreads, ideal for fast-paced strategies.
Best Volatility 75 / VIX 75 Forex Broker in Malaysia – IC Markets
Overall, IC Markets is Malaysia’s best Volatility 75 / VIX 75 forex broker. IC Markets provides Malaysians with standard spreads beginning at 0.0 pips on major instruments but wider spreads on instruments like VIX.
IC Markets offers discounted rates across the cTrader platform and the most effective tools for refining Volatility 75 index trading strategies.
Best NDD Forex Broker in Malaysia – Pepperstone
Overall, Pepperstone is the best NDD Forex Broker in Malaysia. Pepperstone offers STP and ECN accounts under its No-Dealing Desk model and the best liquidity from top worldwide providers. Furthermore, Malaysians can choose between cTrader, MT4, and MT5 with Pepperstone.
Best STP Forex Broker in Malaysia – JustMarkets
Overall, JustMarkets is the best STP forex broker in Malaysia. Spreads for MT5 Raw Spread accounts begin at 0.0 decimals, while trading costs for Malaysians begin at USD 6. In addition, Malaysians can choose from a variety of STP/ECN forex trading accounts.
Best Sign-up Bonus Broker in Malaysia – InstaForex
Overall, InstaForex is the best shares trading sign-up bonus broker in Malaysia. Malaysians who open a new account to trade foreign stocks will receive a $1,000 bonus from InstaForex without making a deposit.
In addition, Malaysians will be eligible for a 30% incentive on their initial deposit with InstaForex.
In Conclusion
According to our research, no-deposit bonuses offered by Malaysian brokers present a unique chance for experienced and inexperienced traders to enter the Forex market with minimal financial risk.
While appealing, these perks come with their own set of complexities that traders must negotiate. Because of the Malaysian Forex landscape’s dynamic nature and regulatory framework, these bonuses are especially essential because they provide a cushion against future market volatility.
In our experience, Malaysian traders can approach them with excitement and caution, ensuring they thoroughly understand the terms before leveraging such offers.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the financial markets are volatile and could shift and change at any given time, even if the information supplied is correct at the time of going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. You should not start investing capital that you cannot afford to lose, because you could incur a loss of part or your entire original investment.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. This evaluation is comprised of positives, disadvantages, and an overall score based on our findings. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered as financial advice and traders are urged to seek professional financial advice before making any investment or trading decisions.
Frequently Asked Questions
What exactly is a no-deposit bonus in Forex trading?
A no-deposit bonus is a promotional offer by Forex brokers that lets Malaysian traders trade on their platform without making an initial deposit.
How do Forex brokers benefit from offering no-deposit bonuses?
Brokers use no-deposit bonuses as a marketing tool to attract new traders. They gain additional users by giving away free capital, some of whom will continue trading and depositing their funds.
Are there any hidden conditions attached to these bonuses?
Frequently, brokers impose limitations such as a certain number of transactions or a particular volume before traders can take bonus gains. Therefore, before taking any bonus, it is critical to read the terms and conditions.
How can I ensure the broker I choose is reliable and trustworthy?
Always check for regulatory compliance, examine customer feedback, and make sure the broker has a strong industry reputation. Malaysian regulatory authorities, such as the Securities Commission, can give information on regulated brokers.
Can I withdraw the no-deposit bonus amount, or is it just for trading?
In most cases, the bonus sum cannot be withdrawn. However, earnings made from trading using the bonus may be withdrawable according to the terms and conditions of the broker.
