Two brokers advertised a $100 no deposit bonus in forex during 2026: FBS, whose $100 Quick Start Bonus runs inside the FBS Trader app, and Vantage, which credited $100 for completing KYC within 7 days of registering ($50 after that). Our August 7, 2026 re-verification changed the picture: the FBS offer still cannot be confirmed from primary broker documents (unverified), and Vantage’s no deposit bonus is now expired — its official promotion period has ended. Traders Trust’s $200, formerly the largest verified NDB in our Matrix, has also been withdrawn from the broker’s site. That leaves XM’s verified $50 no deposit bonus with no stated profit cap as the strongest confirmed offer near this tier, and this guide covers it alongside the archived $100-tier terms.
This guide compares the $100-tier terms side by side and explains exactly what to check before claiming. All broker data comes from the forex-bonus.com Broker & Bonus Matrix — our verified, single source of truth for offer details.
Updated August 2026; offer data re-verified against official broker terms on August 7, 2026. forex-bonus.com may earn a commission through broker links. This never influences our ratings or recommendations. Full disclosure. Trading forex carries significant risk — most retail traders lose money.
Availability note: Forex bonuses are banned for retail clients in the EU (ESMA), UK (FCA), Australia (ASIC), and the US (CFTC/NFA). The offers in this article are available to eligible traders in regions such as Nigeria, South Africa, parts of Asia, the Middle East, and Latin America. Always confirm your country is eligible before signing up. For a country-filtered view, see the no deposit bonuses open to South Africa.
Why $100 Is the Sweet Spot for No Deposit Bonuses
Most no deposit bonuses range from $10 to $200. The $100 mark works well for several practical reasons.
Enough margin to trade properly. With $100 in bonus credit, you can open positions across multiple currency pairs at micro-lot or mini-lot size. A $10 or $30 bonus limits you to one or two micro-lot trades at a time, which makes it difficult to manage risk or test a strategy meaningfully.
Volume requirements remain achievable. Vantage’s now-expired $100 NDB required 3 standard lots — a target most traders could reach within its 2-month window without overtrading. Compare that to the former $200 tier, where Traders Trust demanded 10 lots in 30 days before withdrawing the offer.
Profit caps are often reasonable. Both $100-tier offers capped withdrawable profit at $100. That is real money you could withdraw. Smaller bonuses with proportionally similar caps yield less because the capital base is too small to generate meaningful returns.
Use our bonus calculator to run the exact math on any specific offer you are considering.
Brokers Offering $100 No Deposit Bonuses
The following brokers run no deposit bonus programs at or near the $100 level. Terms, availability, and exact amounts change — always verify directly on the broker’s promotions page before registering.
Brokers With a $100 No Deposit Bonus: Comparison Table
| Feature | FBS | Vantage (expired) | XM |
|---|---|---|---|
| NDB Amount | $100 | Was $100 (if KYC within 7 days); $50 after | $50 (standard); separate $100 NDB limited to South Korea (unverified) |
| Regulation | CySEC, Belize FSC, ASIC, FSCA | ASIC, FCA, VFSC, CIMA, FSCA | CySEC, ASIC, Belize IFSC, DFSA, FSCA |
| Volume Requirement | Complete the 7-step app program | Was 3 standard lots | 0.1 standard lots (10 micro lots) + 5 round-turn trades |
| Time Limit | 30 days | Credits were valid 2 months (removed after 30 days inactivity) | No claim window stated in the current T&C |
| Profit Cap | $100 maximum withdrawable profit | Was $100 maximum withdrawable profit | No profit cap stated |
| Platforms | MT4, MT5, FBS App | MT4, MT5, Vantage App, TradingView | MT4, MT5, XM WebTrader |
| Min. Withdrawal | Not published — check the broker’s terms | None stated (KYC required) | $5 minimum withdrawal |
| Key Restriction | App-only; educational program required | Many emerging markets were excluded | One bonus per person per IP; Shares accounts excluded |
| Matrix Status | Unverified | Expired — official promotion period ended | Active, verified (standard $50); unverified ($100 Korea variant) |
All figures sourced from the forex-bonus.com Broker & Bonus Matrix, re-verified August 7, 2026. Verify directly with each broker before claiming.
FBS — $100 Quick Start Bonus
FBS advertises a $100 no deposit bonus through its Quick Start Bonus program, available via the FBS Trader app. The program includes a 7-step educational component — you complete short learning modules while trading with the bonus funds, inside a 30-day window, with withdrawable profit capped at $100.
What requires caution: The FBS promo page (fbs.com/promo/quick-start-bonus) redirects to the homepage, which means the offer may be geo-gated, restructured, or accessible only through the app after registration. Additionally, FBS published a blog post titled “Why We Don’t Offer a Welcome Bonus,” which creates real ambiguity about whether the Quick Start Bonus is still actively available. Our team flags this offer as unverified in the Matrix — our dedicated FBS no deposit bonus guide documents the full story, including the discontinued $70/$140 Level Up Bonus that many older articles still advertise.
FBS holds licenses under CySEC (Cyprus), Belize FSC, ASIC (Australia), and FSCA (South Africa); bonus programs are not available to clients onboarded in the EU or Australia, where regulators prohibit them. The published eligibility list for the Quick Start Bonus covers Nigeria, South Africa, India, Indonesia, Malaysia, the Philippines, Pakistan, Bangladesh, and Singapore. Where FBS offers verified value instead is its 100% first-deposit bonus, confirmed against the broker’s official terms PDF.
Vantage — $100 No Deposit Bonus (Expired)
Vantage ran a region-specific no deposit bonus with a tiered structure based on how quickly you completed identity verification. This offer is now expired: our August 7, 2026 verification confirmed the official promotion period has ended. The terms below are archived for reference — do not plan around them.
Archived terms from the Matrix:
- Amount: $100 if KYC was completed within 7 days of registration; $50 if completed after 7 days
- Volume requirement: 3 standard lots minimum to withdraw profits
- Time limit: Trading credits valid for 2 months; removed if no trading activity for 30+ consecutive days
- Profit cap: $100 maximum withdrawable profit
- Instruments: Forex and CFDs
- One-time claim per client
The geographic restriction that applied: the NDB carried an extensive excluded-countries list — India, Indonesia, Malaysia, Pakistan, the Philippines, Bangladesh, Thailand, Vietnam, and Egypt were all excluded, alongside dozens of other markets — so even while it ran, it was aimed at parts of Africa, Latin America, and select Middle Eastern countries.
Vantage holds licenses from ASIC, FCA, VFSC (Vanuatu), CIMA (Cayman Islands), and FSCA; its bonuses are not available in the EU, UK, Australia, US, or Japan. What Vantage still runs, per the same August 2026 pass: the 150% first-deposit bonus (25% on subsequent deposits, active through December 31, 2026) and a USDT deposit cashback. If a no deposit start is what you want, look at the verified XM offer below.
XM — $50 Standard No Deposit Bonus (The Verified Alternative)
XM offers a well-established $50 no deposit bonus to new clients via its international entities. While below the $100 mark, XM’s NDB deserves mention here because it is the tier’s natural fallback: it is the offer our Matrix holds at active, verified status with the most favorable terms.
Verified terms from the Matrix (August 7, 2026):
- Amount: $50
- Volume requirement: 0.1 standard lots (10 micro lots) with a minimum of 5 round-turn trades
- Time limit: No claim window stated in the current T&C (the old 30-day claim clause survives only in the separate $100 Korea variant document)
- Profit cap: No profit cap stated — profits are fully withdrawable after meeting the volume requirement
- Minimum withdrawal: none stated in the $50 T&C — XM’s general account minimum is $5 for most methods
- SMS and/or voice verification required to activate; one bonus per person per IP address; Shares accounts excluded; withdrawing funds causes proportional bonus removal
Why XM’s $50 can outperform a $100 offer: The volume requirement is extremely low, there is no stated profit cap, and the offer is confirmed against XM’s official bonus terms document. A $100 NDB with a $100 profit cap has a hard ceiling; XM’s $50 with uncapped stated profits does not. Run both through our bonus calculator before deciding. Our XM no deposit bonus guide covers the full claim process.
Claiming it: Claim XM’s $50 no deposit bonus — the condition that decides whether it is worth your time is the volume target: 10 micro lots (0.1 standard lots) across at least 5 round-turn trades, after which the current terms state no profit cap on what you withdraw. XM’s current $50 T&C publishes no country list, but availability is consistently reported in Nigeria, South Africa, India, Indonesia, Malaysia, the Philippines, Pakistan, Bangladesh, Singapore, Brunei, the UAE, Kuwait, Bahrain and Oman — confirm your own country at registration; clients onboarded in the EU, UK, Australia, the US or Hong Kong are excluded and cannot claim it. Read XM’s own bonus terms document before registering.
Note on the $100 variant: XM reportedly upgraded its NDB to $100 for South Korea specifically as a limited-time campaign. This is sourced from a third-party report, is unconfirmed on xm.com directly, and appears restricted to Korean clients only.
Other Brokers With Notable No Deposit Bonuses
If the three above do not suit your region or trading style, these are the other NDB offers our Matrix tracks:
| Broker | NDB Amount | Volume Req. | Profit Cap | Time Limit | Status (August 2026) |
|---|---|---|---|---|---|
| Traders Trust | $200 | Was 10 lots in 30 days | Was $200 | Was 30 days | Withdrawn — removed from the broker’s site |
| LiteFinance | $50 | No explicit lot req. (deposit needed to withdraw) | None stated | 1 month | Active, verified |
| Windsor Brokers | $30 | 1 lot + 20 trades | No max stated; min $60 profit | 6 months | Active, verified — but official T&C excludes Nigeria, South Africa, India, Indonesia, Philippines, Pakistan, Bangladesh |
| Tickmill | $30 | None; $100 deposit to withdraw profit | $30-$100 | 60 days + 14 to claim | Active, verified (NG, ZA, IN, ID, PK, BD excluded) |
| FXOpen | $10 | Was 2 lots in 60 days | None stated | Was claim within 3 months | Expired — offer page removed, no replacement |
| FreshForex | $50 | Was $2.50 per closed lot | Was $50 | Expired May 20, 2026 | Expired |
| FXGT | Unconfirmed ($30 or $50 by region) | 3 QGTLots + 8 trades | Profits withdrawable only above $300 | Claim within 30 days | Unverified |
Traders Trust formerly topped this table with a $200 NDB — the highest verified amount our Matrix has recorded. That offer was withdrawn from the broker’s site, confirmed in our August 7, 2026 check: the standing promotion page is gone, and the NDB survives only as an occasional raffle-format competition that is currently dormant. The archived terms (10 lots in 30 days, $200 profit cap, hedging and scalping prohibited) are documented in our $200 no deposit bonus guide; the micro end of the ladder lives in our $5-$10 bonus guide.
What in that table is actually claimable from our readers’ countries: two offers. XM’s $50 (above) and LiteFinance’s $50. LiteFinance’s is applied with promo code Welcome at registration and carries no explicit lot requirement, but it has one material condition you need to know before clicking: you must make a real deposit before any bonus profit can be withdrawn, and the credit is valid for one month from the date it is paid. If that trade-off suits you, open a LiteFinance account and apply the Welcome code. LiteFinance publishes an exclusion list rather than an eligible list — the EU/EEA, UK, Australia, the US, Israel, Russia and, in its own wording, some other countries; the markets we track as eligible are Nigeria, South Africa, India, Indonesia, Malaysia, the Philippines, Pakistan and Bangladesh. One caveat from our August 7, 2026 check: the promo page displayed “Activations left: 0” with no ended banner, which may only be a logged-out counter — confirm the code still applies to your account before planning around it.
Windsor’s and Tickmill’s $30 credits read well in the table, but both exclude Nigeria, South Africa, India, Indonesia, Pakistan and Bangladesh in their official terms, so for most readers of this page they are not claimable at all — which is why we do not link them for signup here.
How to Evaluate a $100 No Deposit Bonus
Not all $100 NDBs are created equal. Here is a framework for determining whether a specific offer is worth your time.
Step 1: Check Geographic Eligibility
This is the first filter. Many NDB offers exclude entire regions. Vantage’s now-expired NDB, for example, excluded India, Indonesia, Malaysia, the Philippines, Pakistan, and Bangladesh, and Windsor’s current $30 credit excludes all of the core bonus-hunting countries. If you are in an excluded country, the offer does not exist for you regardless of what the headline says. Always check the T&C for your specific country before creating an account.
Step 2: Calculate the Volume-to-Profit Ratio
The volume requirement determines how much you need to trade to unlock profits. Here is a comparison of the cost to clear each broker’s requirements, assuming an average spread cost of $15 per standard lot on EUR/USD:
| Broker | Volume Required | Spread Cost to Clear | Bonus Amount | Net Value Estimate |
|---|---|---|---|---|
| FBS | 7-step app program (no lot figure) | Not applicable — program-based | $100 | Cannot calculate |
| Vantage (expired) | 3 lots | ~$45 | $100 | Was up to $55 net (capped at $100 profit) |
| XM | 0.1 lots | ~$1.50 | $50 | Minimal spread drag (no cap stated) |
Vantage’s 3-lot requirement was reasonable while the offer ran — at $15 per lot in spread costs, roughly $45 to clear the requirement, leaving up to $55 in net profit potential (subject to the $100 profit cap). XM’s numbers are better still: the 0.1-lot requirement costs only about $1.50 in spread to clear, and the current terms state no profit cap.
Step 3: Understand the Withdrawal Path
Every NDB has a specific withdrawal process. Common requirements include:
- KYC verification — All brokers require identity verification before any withdrawal. Vantage’s expired offer incentivized completing this quickly (the full $100 required KYC within 7 days).
- Deposit requirement — Some brokers (like LiteFinance) require you to make a real deposit before withdrawing NDB profits. This converts the NDB into more of a “try before you buy” offer.
- Profit minimum — Windsor Brokers requires at least $60 in profit before allowing any withdrawal from its $30 NDB account.
- Profit maximum — Most NDBs cap withdrawable profits. Vantage and FBS capped their $100 offers at $100; Traders Trust’s withdrawn $200 NDB capped at $200. XM’s current $50 states no cap.
Step 4: Verify the Offer Is Still Live
No deposit bonuses change frequently — this tier proves it. FBS’s Quick Start Bonus page redirects to the homepage. FreshForex’s $50 NDB expired on May 20, 2026. Vantage’s $100/$50 NDB and Traders Trust’s $200 NDB were both confirmed gone in our August 7, 2026 pass. Always check the broker’s promotions page the day you plan to register, and screenshot the terms for your records. Our bonus tracker logs the offer changes we detect between verification cycles.
What to Watch for in $100 NDB Terms
These are the most common traps in no deposit bonus fine print.
Instrument restrictions. Some brokers count volume only on specific markets — Traders Trust’s withdrawn NDB, for example, limited eligible instruments to forex majors, gold, silver, energy, and two crypto pairs. If you primarily trade indices, your trades may not count.
Minimum hold time. Several brokers require trades to be held open for a minimum duration — FXGT counts only “QGTLots” from trades held 5+ minutes. Scalpers who open and close positions quickly may find their trades excluded.
EA and automation bans. Traders Trust’s withdrawn NDB banned EAs, hedging, and scalping outright, and JustMarkets’ $30 welcome bonus prohibited EA/robot trading under the terms we last recorded (that offer became unverified on 18 August 2026). XM’s old blanket EA prohibition is no longer in the current $50 T&C, but rules like this change — if you rely on automated trading, confirm whether the broker allows it under the live bonus terms.
Account type restrictions. NDBs are typically tied to specific account types — FBS delivers its bonus only inside the FBS Trader app, and FXOpen’s expired $10 offer applied to STP accounts. Opening the wrong account type means you cannot claim the bonus.
One per household, IP, and device. Brokers track duplicate claims aggressively — XM’s terms specify one bonus per person per IP address. Multiple claims from the same household, IP, or device will result in account termination and forfeiture of all funds.
$100 No Deposit Bonus vs. Deposit Bonuses
If you are deciding between a $100 NDB and depositing your own money to claim a deposit bonus, here is how the math compares.
| Factor | $100 NDB | $100 Deposit + 100% Deposit Bonus |
|---|---|---|
| Your capital at risk | $0 | $100 |
| Total trading capital | $100 (bonus only) | $200 ($100 cash + $100 bonus) |
| Profit cap | $100 on both archived $100-tier offers | Often no cap |
| Volume requirement | Was 3 lots (Vantage) or app program (FBS) | Higher (proportional to bonus) |
| Withdrawal of your funds | N/A (no deposit) | May be locked until conditions met |
| Best for | Testing a broker without committing your own funds | Traders ready to commit capital |
A no deposit bonus lets you test a broker’s execution, platform, and withdrawal process without putting your own money at stake. If the experience is positive, you can then fund the account and potentially claim a deposit bonus on top.
For a detailed comparison of all bonus types, see our complete NDB comparison.
Frequently Asked Questions
Which brokers offer a $100 no deposit bonus in forex in 2026?
As of our August 7, 2026 verification, effectively one: FBS advertises the $100 Quick Start Bonus (delivered through the FBS Trader app with a 7-step program, 30-day window, and $100 profit cap), but it remains unverified because the promo page redirects to the homepage. Vantage’s $100/$50 NDB is now expired — its official promotion period has ended. XM also reportedly runs a $100 variant, but only for South Korea. The strongest verified no deposit offer near this tier is XM’s standard $50 NDB.
Can I actually withdraw profits from a $100 no deposit bonus?
Yes, but only after meeting the broker’s conditions. Every NDB requires you to complete a trading volume target (measured in standard lots) within a set timeframe, plus KYC verification. Once conditions are met, profits up to the stated cap are withdrawable as real cash. The bonus credit itself is never withdrawable — only the profits you generate from trading with it. Based on our Matrix data, FBS caps withdrawable profit at $100 (as did Vantage’s now-expired offer), while XM’s standard $50 NDB has no stated profit cap.
Is the FBS $100 no deposit bonus real?
FBS references the $100 Quick Start Bonus in its own app materials, but our team could not verify it: the promotion page redirects to the FBS homepage, and FBS has separately published a blog post stating it does not offer welcome bonuses as a policy. We list the offer as unverified. If you are considering FBS specifically for a no deposit bonus, read our FBS no deposit bonus guide first, then confirm availability with FBS support inside the app before planning around it.
Which broker has the best $100 no deposit bonus right now?
Right now, none that we can verify at the $100 level: Vantage’s $100 NDB expired, and FBS’s $100 Quick Start Bonus remains unverified. The practical answer is XM’s verified $50 NDB — clearing it takes 0.1 standard lots plus 5 round-turn trades, and the current terms state no profit cap, so it frequently delivers better net value than a $100 headline with a $100 ceiling. It is open to eligible clients in Nigeria, South Africa, India, Indonesia, Malaysia, the Philippines, Pakistan, Bangladesh, Singapore and the Gulf, and closed to the EU, UK, Australia and the US. The former ladder-topper, Traders Trust’s $200, was withdrawn from the broker’s site and is no longer claimable.
Is a $100 no deposit bonus enough to make real money?
It is enough to generate modest, realistic returns — not life-changing income. With $100 in trading capital and proper risk management (risking 1-2% per trade), you might aim for 5-20% returns over a month. That translates to $5-$20 in profit, which is withdrawable if you meet the volume conditions. The real value of a $100 NDB is testing a broker’s platform and withdrawal process without staking your own funds, not building a trading career from $100.
What happens if I lose the $100 no deposit bonus?
Nothing happens to your personal finances because you never deposited any money. If your trades result in losses that deplete the $100 bonus credit, the account simply reaches zero and you cannot trade further (unless you make a real deposit). There is no debt and no margin call against your personal funds. This is the primary advantage of a no deposit bonus — you experience live trading conditions while your own money is never on the line.
All bonus information sourced from the forex-bonus.com Broker & Bonus Matrix, re-verified August 7, 2026. Broker terms change frequently — always confirm current offers directly with the broker before registering.
⚠️ Risk Warning: Forex and CFD trading carries significant risk. Most retail traders lose money. Bonus offers do not reduce this risk. Never trade with money you cannot afford to lose.
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Written by Tim Morris · Forex industry analyst · About Tim