XM Forex Penguin

XM Forex Penguin

No Deposit Bonus Forex: Top Brokers for Malaysian Traders

Home » Blog » No Deposit Bonus Forex: Top Brokers for Malaysian Traders

Last Updated: Nov 20, 2023 @ 6:01 pm

You want to trade forex in Malaysia, but you do not have a lot of funds for trading. Or maybe you do, but you are not yet sure if you want to invest in them. In either case, there is a simple solution: claim a no-deposit bonus forex reward when you open your new trading account.

As the name suggests, you do not even have to deposit into your account to claim this type of bonus. In this post, we will explain exactly how these types of bonuses work. Directly below, you can find our vetted list of trusted Forex sites offering this type of bonus.

Top Brokers for No Deposit Forex Bonus in Malaysia

Use the comparison chart below to find a no deposit forex bonus in Malaysia. To claim your bonus, click on any of the links in the chart and register your account.

RankBroker NameBonus SizeExpiry Date
#1Penguin Boom Giveaway$50 No Deposit Bonus On Going
#2XM BrokerXM No Deposit Bonus On Going
#3RoboForexWelcome Bonus 30 USD On Going
#4HF MarketsHFM No Deposit Bonus On Going
#5Just Markets$30 No Deposit Bonus On Going
#6InstaForex$1500 no deposit bonus On Going
#7Tickmill$30 Welcome Account On Going
#8SaracenMarkets$5 No deposit Bonus On Going
#9MeeFX$200 No Deposit Bonus On Going
#10Woxa$50 No Deposit Bonus On Going
#11Headway$111 no deposit bonus On Going
#12Baxia Markets$30 No Deposit Bonus On Going
#13MTrading$30 No Deposit Bonus On Going
#14FreshForex$2024 No Deposit Bonus On Going

What is a No Deposit Forex Bonus?

A no deposit forex bonus is a special type of bonus that gives you the money you can use for trading with no need to make a deposit. This makes this type of bonus different from a deposit bonus.

Normally, you cannot withdraw the bonus funds; they are “sticky.” But if you profit from trading with the no deposit bonus, you can withdraw those profits.

That means you can test drive the trading platform and decide if forex suits you. Use the profits to fund your next trades, or withdraw them if you prefer.

Can Malaysian Traders Use No Deposit Bonus Forex Funds?

Yes. There is nothing prohibiting you from claiming a no deposit forex bonus in Malaysia. You just need to sign up for an account with a broker that accepts Malaysian traders. All of the FX brokers we have included in the chart on this page accept traders from Malaysia and offer no deposit bonuses.

What to Look for When Choosing a No Deposit Bonus Forex Broker in Malaysia

The list we have on this page is of carefully vetted brokers. You should not trade just anywhere, as there are unfortunately lots of forex scams out there. Here is what we recommend you look for when choosing a forex no deposit broker in Malaysia:

  • Pick a broker that is legal under the laws of Malaysia for you to trade with. Learn about legal considerations when trading forex in Malaysia.
  • If you are Muslim, make sure that the broker offers Islamic accounts so you can remain halal under Syariah law.
  • Choose a forex broker that has a strong reputation and receives positive but realistic reviews from other traders in Malaysia.
  • The broker you pick should offer rapid, reliable trade execution, low commissions, and tight spreads.
  • You should choose a forex broker in Malaysia that offers transfer methods that you are comfortable with, short deposit and withdrawal times, and low or no fees for transfers.
  • Pick a forex broker that accepts a minimum deposit you can afford and a minimum trade/lot size that fits with your money management plan and budget for trading.
  • You should only trade with a forex broker that offers accessible, friendly, and knowledgeable customer support. Ideally, they will provide you with additional tools for success as well.

How to Claim Your Malaysia No Deposit Bonus Forex Promotion

You can start trading in minutes by claiming forex no deposit bonus. Here is how to do it step-by-step.

1. Click on any of the links on this page to go to one of our recommended Malaysian forex broker sites.

2. When the website opens, look for a button you can click on to register your account.

3. Fill out the basic information the site asks for.

4. You will be asked to verify your identity. You might need to do this immediately, or you might be offered the choice to circle back to it in the future. It can vary from broker to broker.

Verifying your identity is a requirement before you can withdraw from the broker. For that reason, we suggest that you take care of it immediately.

5. Now the site will probably tell you about the no deposit bonus promotion. You will have a chance to read the terms and conditions. We recommend you take your time doing this so you fully understand the limitations of the bonus.*

6. Accept the bonus offer.

7. Begin trading with your forex no deposit bonus in Malaysia!

*A common restriction on this type of bonus is that you can only make a withdrawal after you make a deposit. So, you can trade immediately without making one, but eventually, you are going to have to deposit if you want to claim those winnings and move them out of your forex account.

Claim Your Malaysia Forex No Deposit Bonus

A forex no deposit bonus is your ticket to starting to trade now even if you do not have any funds to add to your trading account. If you are ready to claim your no deposit forex bonus in Malaysia, scroll back to the chart on this page. Click on any of the links to open your account. Enjoy trading forex!


Featured Brokers on Forex Penguin

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x