Newcomers to the Market may feel trepidation when venturing into the exciting world of foreign exchange trading. If Malaysian traders feel nervous, they can ease their minds by taking advantage of a “No Deposit Bonus Forex” NDB forex.
Beginner traders’ reluctance to take financial risks might be alleviated by offering them a free bonus like a No Deposit Bonus. Traders need only sign up for an account with the broker and become members. These bonuses are a common way for Forex Brokers to attract new customers and acquaint existing ones with their services.
Top Malaysian Forex Brokers 2022:
Following the list, you’ll find reviews that explain why each broker was included. Find below a list of 2022’s top Malaysian Forex Brokers offering bonuses to new clients.
XM’s one-time trading incentive of 30 USD is ideal for Malaysian novices who want to test the waters of trading with little to no financial risk. Due to XM’s generous compensation structure, a mere $5 deposit might result in a sixfold increase in wealth. Bonus funds are non-withdrawable, but earnings are not. Once you’ve signed up, the bonus will be added to your trading account. Please note that you must first sign up for XM and validate your phone number to receive this incentive.
In addition to a 20% deposit incentive of up to $4500, traders can receive a 50% deposit bonus of up to $500. As part of its rewards program, XM provides members free VPS hosting, a “bring a friend” bonus and other perks.
OctaFX’s no-deposit Welcome Bonus usually is available, but it isn’t at the moment. Instead, for all deposits over $50, OctaFX will match 50% of it. The same trader can use this bonus many times on their account.
Even better, the bonus can be cashed out after a certain trading volume threshold has been met. For example, a trading incentive of 200 USD can be withdrawn once 100 lots are traded. If your current balance is less than the bonus, you will not be eligible to receive a new bonus.
In addition to the Fixed Rate Deposit Promotion, in which deposits are made in ringgit at a fixed currency rate in USD, OctaFX also offers demo contests and the chance to win real-world prizes like vehicles and electronics.
Tickmill offers a risk-free, no-deposit trading account with 30 USD in virtual currency for new traders. To open one, a person needs only to be a legal resident of Malaysia; no paperwork or verification of identity is necessary.
The Welcome Account is only active for 60 days, the $30 bonus is non-withdrawable, and withdrawals are capped at $100, but you can keep any earnings. The Welcome Account will be terminated after a withdrawal is processed. With the money you make, you can open a Tickmill Pro Account, the world’s cheapest trading account.
Traders utilizing the MT4 trading platform should know that the Welcome Account is only accessible in USD and that Expert Advisors cannot be used. Be aware that traders need to sign up with Tickmill and authenticate their identification before they may withdraw or transfer monies from the Welcome Account.
In exchange for a minimum investment of $200, new traders can take advantage of AvaTrade’s 20% Welcome Bonus. With a minimum USD$200 deposit, this offer is exclusive to new AvaTrade clients trading in USD, EUR, AUD, or GBP. Complete registration with AvaTrade and proof of identity are prerequisites for receiving the bonus. Bonus funds are withdrawable when 20 lots have been traded within six months. For new traders, the maximum incentive is $10,000, which would need a deposit of $50,000.
With the AvaTrade 20 Welcome Bonus, traders pick up the industry’s best Forex trading platforms, including MT4, MT5, and AvaTrade’s gold-standard, mobile app, AvaTradeGO.
Advantages of Trading with RoboForex Malaysia
Following are the advantages of RoboForex Malaysia:
- CySEC and IFSC regulation, having been in business for over nine years
- 0 pip spreads and ECN accounts with leverage up to 1:1000
- Forex, Contracts for Difference, Stocks, Metals, and Energies
- 24-hour, seven-day-a-week availability of English-speaking support agents in Malaysia via email, phone, and live chat
- Get $30 free + 50% more on your first deposit!
- In addition to MetaTrader 4 and 5, traders can also use R Trader for online and mobile trading (for the Stock market)
- The use of numerous payment methods, including those offered by local banks in Malaysia
- Currency Exchange Investment Service (RAMM Investment)
- We offer newcomers a micro (cent) account with fixed and floating spreads.
- Foreign Exchange Investment Service (RAMM Investment)