The lowest-turnover forex no deposit bonus in our verified database is XM’s $50 offer: 0.1 standard lots of required volume works out to 0.002 lots per bonus dollar — about 17 times lighter than Windsor’s $30, which is now the only other active lot-based no deposit bonus in our Matrix. This page ranks every no deposit bonus in the forex-bonus.com Broker & Bonus Matrix by exactly that number: required volume divided by bonus amount. It is the single best predictor of whether you will ever withdraw a cent of profit, and it is a number most bonus pages never show you.
Every lot requirement and bonus amount below comes from our Matrix, last verified against broker terms in the June 2026 verification cycle. Where a figure could not be confirmed, the offer is excluded from the ranking and we say so. The math for every row is shown, so you can check it yourself.
Ranking change, 18 August 2026: JustMarkets’ $30 offer (rank 4) has been downgraded from active to unverified — we could not find it published anywhere on JustMarkets’ site. Its row and its arithmetic stay on this page, because the whole point of the ranking is to let you compare the math, and readers still encounter this offer advertised on other sites. But it is no longer counted among the active offers, and nothing on this page recommends claiming it.
Disclosure: forex-bonus.com may earn a commission when you sign up through our links. This never influences our ratings or the data in our comparison tables. Trading forex and CFDs carries significant risk — most retail traders lose money. See our full affiliate disclosure and risk warning.
Availability note: Forex bonuses are banned for retail clients in the EU (ESMA), UK (FCA), Australia (ASIC), and the US (CFTC/NFA). The offers ranked here are published for eligible traders in permitted markets such as Nigeria, South Africa, India, Indonesia, Malaysia, the Philippines, Pakistan, and Bangladesh — with per-offer exceptions flagged in the notes. Always confirm eligibility for your country with the broker.
How We Ranked These Bonuses
The metric is required standard lots per bonus dollar:
Turnover ratio = required volume (standard lots) ÷ bonus amount ($)
Lower is easier. An offer requiring 0.1 lots against $50 of credit (ratio 0.002) demands a fraction of the trading — and a fraction of the spread cost — of an offer requiring 5 lots against $30 (ratio 0.1667). To make the cost concrete, we also estimate spread cost per requirement using standard market arithmetic: one standard lot on EUR/USD at a typical 1.5-pip spread costs roughly $15 in spread. That is an illustrative market figure, not a broker-specific quote — your instrument and account type will vary.
Three rules keep the ranking honest:
- Only Matrix-verified figures are used. If the volume or amount is not confirmed in our database, the offer is not ranked — it is listed separately with a note.
- Active offers are ranked first, then unverified offers (reported terms we could not confirm on the broker’s own pages), then expired offers kept for reference.
- Turnover is not the whole story. Profit caps, deposit gates, minimum-profit floors, and position-size limits can make a low-turnover offer harder than it looks — each ranked row gets an honest “catch” note, and the biggest ones get their own section below.
For the mechanics of how volume requirements work in general, see our bonus turnover guide and the deeper bonus math analysis.
The Ranking: Every Lot-Based NDB, Lowest Turnover First
| # | Broker & Offer | Amount | Required Volume | The Math | Lots per $1 | Est. Spread Cost* | Status (August 2026) |
|---|---|---|---|---|---|---|---|
| 1 | XM | $50 | 0.1 std lots (10 micro lots) + 5 round-turn trades | 0.1 ÷ 50 | 0.002 | ~$1.50 (3% of bonus) | Active, verified |
| 2 | Windsor Brokers | $30 | 1 lot closed + 20 trades | 1 ÷ 30 | 0.0333 | ~$15 (50%) | Active, verified |
| 3 | Traders Trust | $200 | 10 std lots in 30 days | 10 ÷ 200 | 0.0500 | ~$150 (75%) | Withdrawn Aug 2026 |
| 4 | JustMarkets | $30 | 5 lots in 30 days + 60 pips cumulative | 5 ÷ 30 | 0.1667 | ~$75 (250%) | Unverified 18 Aug 2026 — not currently published |
| 5 | XM Korea variant | $100 | 0.1 std lots + 5 trades in one week | 0.1 ÷ 100 | 0.0010 | ~$1.50 (1.5%) | Unverified — South Korea only |
| 6 | Vantage | $100 (or $50 with late KYC) | 3 std lots | 3 ÷ 100 | 0.0300 | ~$45 (45%) | Expired Aug 2026 |
| 7 | FXOpen | $10 | 2 std lots in 60 days | 2 ÷ 10 | 0.2000 | ~$30 (300%) | Expired Aug 2026 |
| 8 | InstaForex | Up to $3,500 | 3 InstaForex lots per $1 (= 0.3 std lots per $1) | 0.3 per $1 | 0.3000 | ~$15,750 on $3,500 (450%) | Unverified |
| 9 | FreshForex $5 | $5 | 2 std lots in 7 days | 2 ÷ 5 | 0.4000 | ~$30 (600%) | Expired Aug 2026 |
| 10 | FBS Level Up | $140 (app) / $70 (web) | 5 lots in 20 active trading days | 5 ÷ 140 | 0.0357 ($140) / 0.0714 ($70) | ~$75 (54–107%) | Expired — discontinued |
| 11 | HFM | $50 (Asia) | 4 lots + 10 positions | 4 ÷ 50 | 0.0800 | ~$60 (120%) | Expired |
| 12 | FreshForex $50 | $50 | $2.50 converted per closed lot → 20 lots for full $50 | 50 ÷ 2.50 = 20 lots | 0.4000 | ~$300 (600%) | Expired May 2026 |
* Estimated at a typical 1.5-pip EUR/USD spread (~$15 per standard lot). Illustrative market arithmetic, not broker-published data. ”% of bonus” = estimated spread cost divided by bonus amount.
The spread-cost column is the one to internalize. Ranks 1–3 leave most of the bonus intact after costs. From rank 4 down, the estimated cost of meeting the requirement exceeds the bonus itself in several cases — meaning you must out-trade your own transaction costs before any profit exists to withdraw.
The Top Four, Decoded
Only two of these four are currently claimable offers: XM’s $50 and Windsor’s $30. Traders Trust’s $200 was withdrawn in August 2026, and JustMarkets’ $30 became unverified on 18 August 2026. All four are decoded below because the arithmetic is what this page exists to show.
1. XM $50 — 0.002 lots per dollar, and no profit cap
The math: 10 micro lots is 0.1 standard lots. Five round-turn trades of 0.02 lots each meet both conditions exactly. Estimated spread cost is around $1.50 against $50 of credit — about 3% of the bonus, the lowest cost-to-credit ratio in the entire Matrix. XM’s published terms state no profit cap: after the volume requirement, profits are fully withdrawable from a $5 minimum. The catches are procedural rather than mathematical: SMS and/or voice activation and one bonus per person and IP address (the current $50 T&C states no claim window and contains no EA prohibition).
Consistently reported as available in Nigeria, South Africa, India, Indonesia, Malaysia, the Philippines, Pakistan, Bangladesh, the UAE, Kuwait, Bahrain, Oman, Singapore, and Brunei — though the current $50 T&C publishes no country list, so confirm during registration. Full terms in our XM no deposit bonus guide — or claim it via XM here.
2. Windsor Brokers $30 — light volume, heavy profit floor
One closed lot per $30 of credit is genuinely light, and the 6-month validity window is the longest in the Matrix — no other active offer gives you more time. Two catches: you must complete at least 20 trades (so one big lot won’t do; think 20 trades of 0.05 lots), and Windsor requires a minimum $60 profit before any withdrawal. That second condition is the real gate: turning $30 of credit into $60 of profit is a +200% return, which most traders will not achieve. Turnover rank: 2. Overall difficulty: harder than it looks. The bigger catch surfaced in our August 7, 2026 verification: the official T&C excludes 56 countries — including Nigeria, South Africa, India, Indonesia, the Philippines, Pakistan, Bangladesh, and Malaysia — so for most of our readers the offer is not claimable at all. Details on the Windsor bonus page, or open a Windsor Prime account.
3. Traders Trust $200 — withdrawn; was the best per-dollar ratio among the big offers
Now withdrawn: the $200 NDB was removed from Traders Trust’s site as of our August 7, 2026 verification, so this entry is historical. While it ran: ten standard lots in 30 days was the largest absolute requirement on the list, but against $200 of credit it normalized to 0.05 lots per dollar — a third of JustMarkets’ ratio. The estimated ~$150 spread cost consumed about 75% of the bonus, profit was capped at $200, and the terms banned hedging, scalping, and EAs on MT4. Full analysis in our $200 NDB breakdown and the Traders Trust NDB guide, or register with Traders Trust.
4. JustMarkets $30 — the 500-trade fine print, now unverified
Status first: as of 18 August 2026 we could not verify this offer is running. All four source URLs we had recorded return 404, justmarkets.com/trading/promotions redirects to a homepage with no promotions section, and the offer appears in neither of JustMarkets’ public sitemaps — sitemap-en.xml (951 URLs) nor sitemap-ph.xml (140 URLs). Those files carry six promotional URLs in total: two contests that have both ended, the promotions index, and three editorial articles. A sitemap is a static file served identically to every visitor, so absence there is not the regional suppression that made three earlier checks inconclusive. We have marked it unverified, not expired — JustMarkets has issued no withdrawal statement, and the offer may still exist behind the client-portal login.
The arithmetic below describes the terms as we last recorded them on 3 June 2026, and is kept because it is the clearest illustration on this page of how a headline number hides its cost. Five lots against $30 was the heaviest ratio here (0.1667), but the structural detail mattered more: the Welcome Account capped position size at 0.01 lots per trade with a maximum of five open at once. Five standard lots at 0.01 per position means roughly 500 closed trades inside 30 days — about 23 per trading day — plus a requirement that cumulative profit/loss across trades exceeds 60 pips, and a $30 profit cap at the end of it. You would also have had to deposit at least $100 into a live account before the profit transferred. By the arithmetic, the most labour-intensive $30 in this market. Note the geography too: Nigeria and South Africa were excluded, along with Vietnam, so most of this site’s African readership was never eligible even while it ran.
JustMarkets the broker is unaffected and still operating — see the JustMarkets review for its live trading conditions, and the JustMarkets NDB guide for the full status history of the bonus.
The Zero-Turnover Offers — and Why “No Volume Requirement” Isn’t Automatically Easiest
Three Matrix offers publish no lot-based requirement at all. They are not ranked above because their friction lives somewhere else — usually a deposit gate:
| Broker & Offer | Amount | Published Volume | The Actual Gate | Status (August 2026) |
|---|---|---|---|---|
| Tickmill Welcome | $30 | None | Deposit $100 into a verified live account to withdraw profit; profit window $30–$100; 60-day trading window | Active — but Nigeria, South Africa, India, Indonesia, Pakistan, Bangladesh and many other core markets are excluded |
| LiteFinance | $50 | No explicit lot figure | Real deposit required before any profit withdrawal; 1-month validity; promo code Welcome | Active, verified |
| FBS Quick Start | $100 | 7-step in-app program (not lot-based) | App-only; $100 profit cap; promo page redirects, so terms unconfirmed | Unverified |
A zero in the volume column moves the cost from spreads to commitment: Tickmill and LiteFinance both effectively convert their “no deposit” bonus into a delayed first-deposit bonus at withdrawal time. That is not a scam — it is disclosed in their terms — but it belongs in the same mental column as turnover. Tickmill’s exclusion list additionally removes most of this site’s audience; see the Tickmill NDB guide for who can actually claim. FBS’s program is covered honestly in our FBS no deposit bonus status page, and LiteFinance’s in the LiteFinance NDB guide.
Excluded from the ranking entirely:
- FXGT — the bonus amount is conflicting across sources ($30 vs $50) and marked [NEEDS-VERIFICATION] in our Matrix, so a per-dollar ratio cannot be computed honestly. The reported requirement is 3 QGTLots (positions held 5+ minutes) plus 8 closed trades, and — unusually — profits are reported withdrawable only once they exceed $300. We will rank it when the amount is confirmed.
- Octa — runs no current no deposit bonus. The old $8 offer some sites still advertise is discontinued per our June 2026 check of octabroker.com.
What Turnover Actually Costs: A Worked Example
Take two offers at opposite ends of the table.
XM (active, verified 7 Aug 2026): 0.1 lots × ~$15 spread per lot ≈ $1.50 total cost. Your $50 credit does 5% of its work paying costs and 95% chasing profit. Meet the volume in five 0.02-lot trades, and any profit above the $5 minimum withdrawal is claimable — uncapped, per XM’s published terms.
JustMarkets (unverified since 18 Aug 2026; figures are the terms we last recorded): 5 lots × ~$15 ≈ $75 total cost — two and a half times the bonus. To finish with the $30 maximum profit, your trading would have to generate roughly $105 of gross gains from $30 of credit at 0.01 lots per position. That is the difference the turnover ratio measures: same headline amount, roughly 80× difference in required volume per dollar.
This is exactly why we tell readers to choose by withdrawal conditions rather than headline size — the theme of our companion ranking, Biggest Forex No Deposit Bonuses by Amount. Model your own scenario with the bonus calculator or the turnover calculator, and check current statuses in the no deposit bonus tracker before claiming anything.
The Honest Bottom Line
Across every no deposit bonus in our Matrix, only one active offer combines featherweight turnover, an uncapped profit clause, and availability in the major emerging markets: XM’s $50. Windsor’s ratio is a technical second, but its official exclusion list now rules out nearly every core market. Traders Trust’s $200 offer has been withdrawn entirely, and JustMarkets’ $30 — always the most labour-intensive number on this page — became unverified on 18 August 2026 when we could no longer find it published. The list of genuinely claimable low-turnover offers is shorter than it was in June.
If withdrawal is genuinely your goal, rank by the ratio, not the banner — and if a site promises you a $500 or $1,000 no deposit bonus that beats every number on this page, read our $500/$1,000/$5,000 truth page before handing over documents. The full offer catalogue, geo-filtered, lives in our no deposit bonus pillar and the Bonus Finder.
Frequently Asked Questions
Which forex no deposit bonus has the lowest turnover requirement?
Among active, verified offers in our Matrix, XM’s $50 no deposit bonus has the lowest turnover: 0.1 standard lots (10 micro lots) with at least 5 round-turn trades, which is 0.002 lots per bonus dollar. The next-lightest ratio is Windsor Brokers at 0.0333 (1 lot + 20 trades per $30), though its country exclusions rule out most core markets; Traders Trust’s $200 offer (0.05) has been withdrawn. Figures verified against broker terms on August 7, 2026.
Which no deposit bonus is easiest to actually withdraw profit from?
Turnover ratio plus terms points to XM’s $50: an estimated ~$1.50 in spread cost against $50 of credit, no stated profit cap, and a $5 minimum withdrawal. “Easiest” still does not mean easy — most retail traders lose money, and the credit itself is never withdrawable at any broker. Offers with zero volume requirement (Tickmill, LiteFinance) instead require a real deposit before profits can be withdrawn, which is a different gate, not an easier one.
What is a turnover or volume requirement on a forex bonus?
It is the amount of trading volume — measured in lots — a broker requires before bonus-generated profit becomes withdrawable. It exists to prevent claim-and-withdraw behaviour and to ensure the broker earns spread revenue from the promotion. The practical formula is required lots ÷ bonus amount: below roughly 0.05 lots per dollar is light; above 0.15 the estimated spread cost starts to rival or exceed the bonus itself. Our turnover calculation guide walks through the math step by step.
Are there no deposit bonuses with no volume requirement at all?
Three in our Matrix publish no lot requirement: Tickmill’s $30 Welcome Account (requires a $100 deposit into a verified live account before profit withdrawal, and excludes most major emerging markets), LiteFinance’s $50 (real deposit required before any withdrawal), and FBS’s $100 Quick Start (a 7-step in-app program we could not verify because the promo page redirects). No published volume does not mean no conditions — read the gate that replaces it.
Do these turnover figures change?
Yes — brokers revise bonus terms without notice, which is why every figure on this page carries its verification date (June 2026 cycle) and why we log every change we detect in the bonus change tracker and the monthly changelog. Always confirm the live terms document on the broker’s site before you claim; if the numbers differ from ours, the broker’s current document governs.
All bonus figures sourced from the forex-bonus.com Broker & Bonus Matrix, verified June 2026. Spread-cost estimates are illustrative market arithmetic at a typical 1.5-pip EUR/USD spread, not broker quotes. 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