You do not need to actually have money to start trading Forex. In times past, you had to have thousands of US dollars to become a Forex trader. But these days, you can even open an account and start trading Live without spending your own money; some Forex brokers now make No Deposit bonuses available to anyone that desire such.
Check below for a number of free no depot Forex brokers and the bonuses that you can benefit from them as a Nigerian.
Roboforex bonus
Robo forex offers its newly registered clients $30 welcome bonus. You do not need to make a any deposit to receive this bonus and you can start trading in the Forex market immediately with the bonus they give you.
Lion binary options
This is another Forex broker that offers free no deposit bonus to those aspiring to start trading Forex and binary options on their site. They give you $30 no deposit bonus once you have completed the account opening process. The money is paid in batches; first $10, then $20.
NordFX
This is yet another Forex trading broker that offers free no deposit bonus to their newly registered Forex traders. They give you access to free money with which you can start trading in the Forex market immediately. You will not be able to withdraw the $8, but you can withdraw all the profits you make from it.
Instaforex
This is a leading Forex trading broker and well known globally. They offer various bonuses to their newly registered and old traders alike. They offer $10 free no deposit bonus once you open a live trading account with them. Very few people know about this particular bonus, since it is not widely announced by Instaforex.
Bullbinary
This is yet another binary and Forex broker that offers free no deposit bonus once you open new trading account with them. They give you free $25 bonus on newly opened trading account and you can trade with it without making any deposit with your person money.
You however cannot withdraw the bonus, except the profit on it. You cannot withdraw less than $50 from this account. If you make $100 at the end of the day, you will only be able to withdraw $50 and the rest will turn to zero.
Fort financial services
They offer their newly registered traders $5 welcome bonus. Like it applies to other Forex brokers, you will not be able to withdraw the bonus, except the profit you make from it. You must however claim the bonus within 10 days after registering account with them.
You will not be able to benefit from the bonus again after 10 days of opening the new trading account.
Xtrade
This Forex broker offers $20 welcome bonus to their newly registered traders. The bonus is only made available after you have completed your registration and account verification. Certain terms and conditions apply to the withdrawal of the deposit and the profit you make from it and you can contact their website to find out about these conditions.