No deposit brokers for CFDs, Forex & Spread Betting

The original question was: Are there any no deposit brokers?

Most brokers offer a demo account where you can trade without depositing funds first. Then yes there are plenty.

However, if you are asking if there are any brokers that allow you to trade the financial markets with no money on account and make real profits the answer is no.

Or indeed, if you are asking if there are any brokers that offer a welcome bonus with no deposit. The answer is again no. Welcome bonuses for CFDs, Forex and Spread Betting are banned by the FCA.

Demo accounts are great if you just want to practice the process of putting trades on, experiment with stop losses and technical analysis levels.

However, there are lots of brokers that offer demo accounts where you can trade without making a deposit.

These brokers offer demo accounts for spread betting, CFDs and forex trading:

However, it is important to note that trading in a simulated environment is very different from trading with real money.

However, odd it may seem, some traders will do well in demo accounts and they lose money in real accounts. The internet is awash with theories that brokers do this deliberately because they are b-booking your trade and profiting from when you lose money.

The reality, however, is that demo traders may be suffering from beginners’ luck, or even adopting a no emotion trading strategy. Not having a strategy is one of the main reasons traders lose money.

The most common mistakes when moving from demo account to live account are:

  • Not cutting losses
  • Not running winning trade
  • Overtrading
  • Over leveraging

You may also find this article on why most financial spread betting customers lose money useful.

We’ve written a few guides on a demo account trading strategy that may be helpful:

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Trading Risk Warning

ALL INVESTING INVOLVES RISK. Investing, Derivatives, Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.
ESMA & FCA Risk Warning – “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 68-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk”