$20 Welcome Bonus with No Deposit Required from FirewoodFX
Compare the free trading credit 10 brokers have offered, from $1 to $100. For each one you get the bonus size, who can claim it, the steps, and the withdrawal rules that decide whether your profit ever leaves the account.
Direct link: Forex Free Bonus No Deposit: all live offers
Quick answer: a forex free bonus with no deposit is trading credit, usually $5–$100, that a broker adds after sign-up and KYC. You keep the profit, never the credit.
Searching for a forex free bonus no deposit offer brings up years of old lists. Many of those promotions have since been renamed, resized or closed, and the pages rarely show the rules that matter. This guide explains how these offers work, what to check on the terms page, and how to claim one without losing your profit.
What Is the FirewoodFX $20 Welcome Bonus?
FirewoodFX has recently launched a forex welcome bonus that is available at no cost to both new and existing traders. The offer gives you a free $20 credit that you can use to start trading. You can use the credit to try out your strategies in live market conditions, and any profits you make with it can be withdrawn once you reach the required trading volume.
The bonus is designed to help traders build experience without committing their own money at the start. It does not replace a proper trading plan, though. Any profit depends on your decisions and on market movements, and you can lose money just as easily as you can make it.
Link to Join: Get $20 Welcome Bonus with No Deposit in Forex
Before you sign up, note that the join link points to a JustMarkets landing page, while the offer itself is presented under the FirewoodFX name. Check which company issues the bonus and read the terms on the official bonus page: FirewoodFX welcome no-deposit bonus details.
Who Can Claim the Bonus?
The offer is open to both new and current traders, so you do not need to be a first-time client to take part. It is also available for an unlimited duration, which means it does not have a published end date in the information provided. Even so, offers like this can change, so confirm that it is still running before you open an account.
There is one clear restriction. Users who hold multiple accounts or trade from multiple IP addresses will not have access to the bonus and may be restricted. If you already have an account with the broker, do not open a second one to claim the credit again. You can read more about how brokers typically handle this rule in our guide to forex no-deposit bonuses.
How to Claim the Bonus: Step by Step
The general process is the same for most no-deposit welcome offers. The exact screens may differ, so follow the instructions on the official page.
- Choose a type of account. Pick the account type that the offer applies to. Read its conditions first, because some bonuses are tied to specific account types.
- Claim the bonus and start trading. Use the join link to register, complete the sign-up steps, and activate the $20 credit. Then you can start trading with it.
- Generate profits and fulfill the required trading volume. Trade until you reach the volume that the terms require. Profits made with the bonus usually stay locked until this condition is met.
- Withdraw your earnings. Once the conditions are complete, you can request a withdrawal of any eligible profit. Check the withdrawal rules before you request it.
Conditions to Check Before You Trade
No-deposit bonuses almost always come with conditions. Read them carefully before you place your first trade. The most important points are:
- Trading volume requirement: The bonus states that you must reach a designated trading volume before you can withdraw extra profits. Find out exactly how volume is calculated, for example whether it counts lots, notional value or only certain instruments.
- Withdrawal rules: Check whether the bonus amount itself can be withdrawn, or only the profits earned while trading with it. Also confirm any minimum withdrawal amounts, verification steps and processing times.
- Time limits: Look for any deadline to meet the trading volume or to use the credit. Ask the broker directly if this is not clearly stated.
- Eligible accounts and instruments: Some bonuses only apply to certain account types or trading instruments. Make sure your plans fit within these limits.
- Account restrictions: Confirm the rules on multiple accounts and IP addresses, since breaking them can cancel the bonus.
If any term is unclear, contact the broker's support team and ask for the answer in writing before you trade.
Pros and Cons of the FirewoodFX Welcome Bonus
Pros
- No deposit needed: You can start trading with a free $20 credit without putting in your own money first.
- Open to new and current traders: Both groups can take part, which makes the offer more flexible than many promotions.
- Chance to withdraw profits: Once you meet the trading volume, you can withdraw additional profits.
- Low-risk way to practise: The credit lets you test strategies and get used to live market conditions.
Cons
- Conditions apply: The trading volume and withdrawal rules can make it harder to access profits than the headline offer suggests.
- Small credit: $20 is a modest amount, so the bonus is best seen as a trial rather than a way to earn a meaningful income.
- Strict account rules: Multiple accounts or IP addresses can lead to restriction.
- Unclear issuer and end date: The offer is presented under FirewoodFX, while the join link goes to JustMarkets, and no end date is given. Check both before you sign up.
Tips for Using the Bonus Wisely
- Read the full terms first. Know the trading volume target, withdrawal conditions and deadlines before you open a position.
- Keep one account only. Opening extra accounts or using multiple IP addresses to claim the offer again can lead to restriction.
- Use a demo account to plan. Test your strategy on a demo account first, then use the bonus to practise with real market prices.
- Manage risk on every trade. Set a stop loss, avoid oversized positions and never risk more than you can afford to lose.
- Track your trading volume. Keep a record of how much volume you have traded so you know how close you are to the target.
- Be careful with leverage. High leverage can magnify losses as well as gains. Use it carefully, if at all.
Risk warning: Trading forex and CFDs on leverage carries a high risk of losing money. Only trade with funds you can afford to lose, and make sure you understand how leverage works before you start.
About FirewoodFX
FirewoodFX is an STP broker established in 2014 and based in St Vincent and The Grenadines. It is regulated by St Vincent and The Grenadines (Reg Number: 22160 IBC 2014). Trading conditions at FirewoodFX include a minimum deposit of 10, leverage up to 1:1000, and spreads from 1.0 pips. Clients can trade on MetaTrader 4, including on mobile.
- Regulation: St Vincent and The Grenadines (Reg Number: 22160 IBC 2014)
- Minimum deposit: 10
- Max leverage: 1:1000
- Platforms: MetaTrader 4
Forex free bonus no deposit FAQ
What is a forex free bonus with no deposit?
It is trading credit, usually between $1 and $100, that a broker adds to a new verified live account without asking you to fund it. You trade real prices with it. The credit cannot be withdrawn, but profit made with it can be after you meet the broker's conditions.
Can I withdraw a forex no deposit bonus?
Not the bonus credit. Brokers remove it when you request a withdrawal. Profit you earned with it can be withdrawn once you have traded the required lots, passed verification and stayed under the profit cap.
Which broker gives the biggest no deposit bonus?
Among the 10 brokers in this guide, FBS has advertised the largest credit at around $100. A larger credit usually comes with a higher lot requirement, so compare the terms before the headline amount.
Do I need KYC verification to get the bonus?
Yes. Almost every broker credits the bonus only after you upload a valid ID and proof of address, and some also verify your phone number.
How many lots do I need to trade to withdraw profit?
It depends on the broker. Common rules range from about 1 to 10 standard lots, or a rule linked to the bonus size, such as one lot for every $10 of credit. Check the current terms page before your first trade.
Can I claim no deposit bonuses from several brokers?
Yes, one per broker. Each broker allows a single bonus per person, household, device or IP address. Duplicate accounts usually cancel the bonus and any profit.
How long does a no deposit bonus last?
Most expire between 14 and 60 days after they are credited. Unused credit and any locked profit are removed when the period ends.
Is a no deposit bonus a scam?
A genuine one never asks you to pay anything to receive it. Check that the broker is regulated, read the terms on its official site, and walk away from any offer that asks for an upfront fee or card details.
