How to Choose a Forex Broker with Free Bonus 300+ for Thai Traders 2026

Searching for Forex brokers offering free bonuses is one of the first strategies that new investors focus on. But in the currency trading industry, the word “free” never comes without conditions. This article will introduce you to the world of free bonuses over $300 and reveal the truths behind these seemingly attractive offers.

Free $300 Bonus: What Is Its Real Value?

Before choosing a broker that offers a bonus, you need to understand that a free bonus of over $300 does not mean you will receive that amount in cash directly. Instead, it provides a “trading credit” that the broker deposits into your account, allowing you to open larger trading positions than your actual funds.

Why are brokers offering free bonuses of $300? The simple answer is to attract new investors to use their platform and increase trading volume. As the number of traders grows, brokers earn more from spreads and commissions.

Types of Bonuses and Differences in Conditions

Forex bonuses come in various forms. Understanding these differences will help you choose the offer that best fits your goals.

No-Deposit Bonus

This is the most popular choice for beginners. You receive the money immediately after registration and identity verification, with no deposit required. For example, XM offers $30, while Tickmill and RoboForex also give $30 each.

Suitable for: Beginners who want to test trading on a real account without financial risk.

Deposit Bonus

Brokers add a percentage of your deposit as a bonus, ranging from 10% to over 200%. For instance, if you deposit $500 and get a 100% bonus, you will have $1,000 to trade with.

Suitable for: Confident traders who have decided to deposit real funds and want to leverage their capital for more effective trading.

Tiered Welcome Bonus

Some brokers, like Mitrade, do not offer a one-time bonus but instead provide “reward missions.” You earn bonuses by completing steps, such as $10 upon registration, $20 after identity verification, $30 after address verification, and $40 after your first deposit, totaling $100.

Conditions That Turn “Free” Bonuses Into “Paid”

This is where novice traders often make mistakes. Overlooking these conditions can cause you to lose your “free $300 bonus” unnecessarily.

Trading Volume Requirements

Brokers often require you to trade a certain volume to unlock the bonus. For example, a $30 bonus may require trading 1 lot of EUR/USD (with a spread of $10 per lot). This means you pay $10 in fees just to unlock the $30 bonus. Each broker’s conditions may be more or less favorable when considering these details.

Profit Withdrawal Limits

Even if you make significant profits, some brokers, like Tickmill, limit withdrawals to $30–$100. The “free $300 bonus” might only be withdrawable as $50 in some cases.

Time Constraints

Bonuses are not indefinite. They have expiration dates, and you must meet trading volume requirements within a set period. Rushing to trade to meet deadlines can lead to mistakes.

Bonus Cancellation Rules

If you withdraw your own funds, most bonuses are canceled immediately. This can be dangerous because your margin will be affected, potentially leading to a margin call or account closure.

10 Brokers Offering Free Bonuses Over $300 for Thai Investors

1. Mitrade: Mission-Based Bonus $100

Mitrade is an Australian broker trusted by users with a 4.6-star rating on Trustpilot. They offer up to $100 through a tiered mission system, which not only provides funds but also helps beginners familiarize themselves with the platform step-by-step.

Unlock mechanism: When you trade specified products, such as gold ($2 per 0.1 lot), oil ($1.50 per 0.05 lot), or currency pairs, the bonus gradually unlocks and transfers to your real balance. For example, trading 0.5 lots of gold unlocks: (0.5 / 0.1) × $2 = $10.

Highlights: Educational mission system, user-friendly app, clear goals.
Limitations: Must complete missions within time limits.

2. XM: $30 No Deposit

XM is the most well-known broker in Thailand. Their main offer is $30 in account funds, with no deposit required—just register and verify your identity.

Conditions: Profits are unlocked after trading 0.1 standard lot (or 10 micro lots) with at least 5 orders.

Highlights: No expiration, simple conditions.
Limitations: No multiple accounts (IP restrictions), must trade at least 5 orders.

3. Tickmill: Welcome Account $30 + Low Spreads

Tickmill is regulated by FCA (UK) and known for the lowest spreads. They offer a welcome account with $30 and the ability to withdraw profits between $30 and $100.

Withdrawal method: Open a real trading account, deposit at least $100, then email to transfer profits to your real account.

Highlights: Very low spreads, allows EA use on bonus accounts.
Limitations: Withdrawal process is cumbersome, requires deposit first.

4. RoboForex: $30 Bonus Without Trading Volume Conditions

RoboForex, regulated by FSC and a member of The Financial Commission, allows profits to be withdrawn without lot size restrictions. The bonus can also support your account during drawdowns.

How to get: Open a Pro account, verify identity, deposit at least $10 via bank card, and claim the bonus in the member area.

Highlights: Profits are withdrawable immediately, no lot restrictions.
Limitations: Must deposit first (not entirely free).

5. FBS: 100% Deposit Bonus Up to $60

FBS is popular in Asia, offering a 100% deposit bonus, doubling your deposit, with a maximum of 60% for subsequent deposits.

How to get: Open an account, verify identity, deposit at least $5, and the bonus is added automatically.

Warning: Bonus is credit only, not withdrawable as cash. If your equity drops below the bonus amount, the bonus is canceled.

Highlights: Large bonuses, increases trading capacity.
Limitations: Cannot withdraw bonus, risk of margin call.

6. FxPro: $50 Cash Referral Bonus

FxPro is a global broker regulated by FCA and CySEC. Besides deposit bonuses, they have a special referral program—both referrer and referee receive $50 cash, which is withdrawable.

Conditions: Referrer deposits at least $100 and trades 3 lots; the referee must do the same within 30 days.

Highlights: Real cash, withdrawable, not just credit.
Limitations: Need to find friends to refer, and they must trade enough.

7. HFM: 100% Deposit Bonus with Withdrawal Conditions

HFM is very popular in Thailand, offering a 100% deposit bonus up to $200 (depending on promotion). If you trade the required volume, the bonus itself can be withdrawn as cash.

Calculation: Lots = Bonus / 2 (e.g., $200 bonus requires 100 lots).

Highlights: Possibility to withdraw the bonus.
Limitations: High lot requirements.

8. IUX Markets: Double Bonus 35% + 25%

IUX Markets is gaining popularity in Thailand, offering a two-tier bonus—35% on deposits up to $300, and 25% on subsequent deposits, totaling up to $3,300.

Note: Bonuses are credits for trading only, not withdrawable. Profits can be withdrawn fully.

Highlights: Fast deposits/withdrawals, bonus helps absorb losses.
Limitations: Cannot withdraw the bonus.

9. GMI Markets: 15%–20% Bonus Up to $5,000

GMI Markets is known for stable servers and quick bank deposits in Thailand. Their bonus is 15%-20% on deposits, up to $5,000.

Special feature: Bonuses can be used as a “loss buffer”—even if your funds are gone, the bonus remains to support your account.

Highlights: Resilient bonus, helps handle volatility.
Limitations: Cannot withdraw the bonus.

10. JustMarkets: Tiered Bonus 50%–120% Up to $40,000

JustMarkets is popular for its tiered bonus system—50% for deposits up to $100, 100% for over $100, and up to 120% for over $500, totaling up to $40,000.

Major restriction: If you withdraw any funds, all bonuses are canceled immediately.

Highlights: High maximum bonus, large bonus cap.
Limitations: Withdrawal cancels all bonuses.

In-Depth Comparison Table: Which One Fits You?

4 Cautions When Using a $300 Free Bonus

1. Trading Volume Can Turn Bonuses Into Costs

High lot requirements may cause you to pay more in spreads and fees than the bonus value. For example, trading 10 lots of EUR/USD with a $10 spread per lot costs $100 in fees, making the bonus less worthwhile.

2. Hidden Profit Caps

Some brokers offer $300 bonuses but only allow withdrawal of, say, $50 in profits. In such cases, the “free $300” is effectively only $50.

3. Avoid Over-Optimism

Creating multiple accounts, using the same IP, or registering with a relative’s name can lead to detection and permanent bans.

4. Do Not Move Your Own Funds

With deposit bonuses, withdrawing your principal cancels the bonus immediately. If you have open positions, margin can be affected, leading to margin calls or position closures.

Summary: Choose Bonuses According to Your Goals

Selecting a Forex broker offering a free $300 bonus does not have a one-size-fits-all answer. Beginners seeking step-by-step guidance might prefer Mitrade. Those wanting to test trading for free might choose XM. Traders prioritizing safety and margin support may opt for GMI Markets.

Key Point: Study the details carefully, practice on demo accounts first, and remember that bonuses are tools—not guarantees of success.

Investing involves risks; you can lose your capital. Always understand the risks and conditions thoroughly when seeking a $300 free bonus.