Trades that are banned while you hold a bonus
Which trades bonus terms forbid, read from each company's wording: how strongly each rule is worded and which offers list no banned trade.
Published ・ MyBrokerBonus Editorial
A bonus is not only about how much you receive. Some terms also say what you must not do with it: a kind of trade, a way of using an automated program, or a way of moving positions between accounts. In the data, a banned trade can sit in a different place from the bonus itself, such as the account rules or the client agreement. This guide reads what the data actually holds, sentence by sentence, and says “not in the data” wherever nothing is written.
The bonuses are offered by the brokers, not by this site. This article does not rank brokers or say which is better. Amounts and numbers of days are left out of the text because brokers change them. Read each broker’s official page for the current terms.
The offers shown differ between the English and Japanese pages
In this site’s data, the no-deposit offers shown on the English pages are three: AXIORY (the offer made for English-language clients), FXGT and Tickmill. The Japanese pages show six offers made for Japan, and four of those brokers do not appear here. So everything below describes the offers shown on this English page, and no rule is generalised beyond them.
No deposit bonuses running now
| Broker | Bonus | Amount | Conditions | Ends | Official site |
|---|---|---|---|---|---|
| AXIORY | Welcome Package: 100 USD No-Deposit Bonus | $100 | No min. deposit Invitation e-mail needed | Dec 31 (Thu) · 56 days left | Go to official site |
| FXGT.com | No-Deposit Bonus | $100 | Verify within 30 days of registration Mini or Standard accounts | Go to official site | |
| Tickmill | Tickmill's $30 Welcome Account | $30 | No deposit $30 free trading balance | Go to official site |
Checked Nov 6, 2026 (Fri). Items the broker does not state are left out. Brokers are in alphabetical order, not ranked.
The table shows only the items a broker states officially. Banned trades are not a column in it, so they are read from the wording of the terms below.
Where a banned trade is written
A banned trade can sit in the bonus terms, or only on the company’s own page. The next figure sorts the three no-deposit offers shown in English by where the data finds one.
In the bonus terms
Tickmill
A restriction is written
The terms of the offer itself name a kind of trade that is not allowed.
Only on the company's page
None in this language
A restriction is written
The account rules say it, but the bonus terms in the data do not.
Not in the data
AXIORY / FXGT
No banned trade found
Neither the bonus terms nor the company's page in the data names a banned trade. That is not the same as none.
Companies are listed in name order, not by rank. The offers shown differ between the Japanese and English pages.
Only Tickmill’s offer names a banned trade in its own terms. For AXIORY and FXGT, the data holds no banned trade, either in the bonus terms or in the company’s own explanation. This does not mean that nothing is banned. It means only that the data does not state it.
A rule written as a fact: Tickmill
Tickmill’s Welcome Account is a separate account that is created for you, and its terms speak about what can be used on it.
Expert Advisors (EAs) are not allowed on Welcome Accounts.
Tickmill, official page
What it means. An Expert Advisor, an automated trading program, cannot be used on the Welcome Account. The sentence is a flat rule, not a right the company keeps for itself. What happens to the bonus after a breach is not in the data. Tickmill’s own account page, separately, says scalping, hedging and automated trading strategies can be run across all account types. The data does not say how that line fits with the Welcome Account rule, so check the terms of the exact account you will use.
A right the company keeps: Traders Trust
The English-language data also holds a contest, not a no-deposit bonus. Traders Trust’s free trading contest is run on a demo account, and its terms speak about automated strategies.
Trading via Expert Advisers (EAs) is permitted; however, the Company reserves the right to review, restrict, or disqualify any automated trading strategy that, in its sole discretion, is deemed abusive, exploitative, latency-based, arbitrage-driven, or inconsistent with fair competition principles.
Traders Trust, official page
What it means. Automated trading is permitted. But the company reserves the right to review, restrict or disqualify an automated strategy that it judges, at its own discretion, to be abusive, exploitative, latency-based, arbitrage-driven or against fair competition. It says the company may do so, not that it will. The sentence is about automated strategies only. It does not say anything about trades placed by hand.
How strongly each rule is worded
The same word, “banned”, hides different strengths. The next figure puts the three rules in the data side by side, using each company’s own wording.
JMarkets
WhereClient Agreement (a note in the data)
TradeManipulative practices, internal hedging in coordination with other parties, hedging across multiple accounts
StrengthWritten as forbidden
Tickmill
WhereWelcome Account terms
TradeExpert Advisors (EAs) on a Welcome Account
StrengthWritten as not allowed
Traders Trust
WhereContest terms
TradeAn automated strategy judged abusive, exploitative, latency-based or arbitrage-driven
StrengthThe company reserves the right to review, restrict or disqualify
Companies are listed in name order, not by rank. The wording follows each company's own sentence; the data does not say what happens to a bonus after a breach unless the text does.
JMarkets is shown in the figure because its welcome rewards offer is visible in English too. The data’s note says its Client Agreement forbids manipulative practices, internal hedging in coordination with other parties and hedging across multiple accounts. That is a note, and the original sentence is not stored in the data, so it is not quoted here. The same note says the Help Center describes Market Execution, the only execution type offered, as having no limits on strategies. The company’s page and the agreement are worded differently, so read both.
Point
Read the verb. "Are not allowed" is a rule. "Reserves the right to" is a power the company keeps and may use. The two are not the same, even when both are called a ban.
What the account page says is a different layer
The company pages in the data say what the account allows. AXIORY’s page says hedging and scalping are allowed. FXGT’s page says hedging is possible within the same trading account, that netting is not available, and that scalping is possible. These are statements about the account, not about the bonus. The data holds no sentence that says whether the bonus terms of these two offers change anything. So an account that allows a trade does not tell you that the bonus allows it.
Caution
"Not in the data" is not "allowed". For the offers where no banned trade is written, the data cannot tell you that every trade is safe. Ask the broker, or read the full client agreement, before you rely on a strategy.
Checklist before you trade with a bonus
- Does the bonus page itself name a banned trade, or an account that cannot be used?
- Does the client agreement or the account page add a rule on hedging, automated programs or arbitrage?
- Is a rule worded as a fact, or as a right the company keeps?
- Does it say what happens to the bonus or the profit after a breach, or is that not written?
- Do the rules differ between the account type you hold and the account the bonus sits in?
For the other restrictions, read No-deposit bonus restrictions. For how the bonus is claimed, see How to claim a no-deposit bonus.
Risks to keep in mind
Trading with leverage can lose money quickly. Using a bonus does not remove the loss on a trade. This article does not recommend any broker. Read the broker’s full terms before you open an account, and only trade with money you can afford to lose.
