Best Crypto Brokers With Welcome Bonus

Cryptocurrency trading has surged in popularity, attracting both new and experienced traders. As crypto brokers compete to attract these traders, one common strategy they use is offering welcome bonuses. Welcome bonuses are powerful incentives that provide traders with monetary rewards upon signing up. This gives traders some capital to get them started with trading.

While welcome bonuses are attractive, it is important to assess the brokers offering them and the terms involved. In this detailed guide, we will explore some of the best crypto brokers with welcome bonuses, the types of bonuses available, and the features that make these brokers attractive.

What Are Welcome Bonuses?

Welcome bonuses are promotional offers provided by crypto brokers to new users who sign up, deposit funds, or complete specific actions like trading a certain volume. They are essentially incentives given to traders when they open a new trading account with that particular broker. These bonuses can come in several forms:

• No-Deposit Welcome Bonus - This is often the most attractive type of bonus for new traders. The broker credits a small amount of trading capital to a trader’s account without requiring them to make an initial deposit. This allows the trader to start trading with real money and experience the platform risk-free.

• Deposit Welcome Bonus - This bonus is given as a percentage of the trader’s initial deposit. These bonuses usually require a minimum deposit to be activated. For example, a 100% welcome bonus means that if you deposit $100, the broker will give you an additional $100 in bonus funds, effectively doubling your trading capital.

Welcome bonuses are great tools that help traders test the platform, reduce initial risk, and enhance potential returns. Let’s now take a look at some of the best cryptocurrency brokers with welcome bonuses.

HFM

HFM is one of the top crypto brokers that offers its traders welcome bonuses. This broker offers two main types of deposit bonuses, which include the HFM 100% Supercharged Bonus and the HFM top-up deposit bonus. 

The HFM 100% Supercharged Bonus applies to deposits of $10 or more, doubling the deposit up to a maximum cumulative bonus of $50,000. This bonus also includes daily rebates of $2 per lot, capped at a maximum of $8,000. As such, the bonus combines two offers, the Supercharged Bonus Credits and Supercharged Rebates. However, any withdrawal, including profits, rebates, or initial deposits, will lead to a reduction of the bonus on a 1:1 basis.

On the other hand, the Top-up Bonus is usually 20% but can range from a modest 10% to a substantial 100%, providing traders with flexibility when claiming this incentive. The maximum bonus amount a trader can claim ranges from $100 to $5,000, depending on the specific bonus. While you can't withdraw the bonus itself, any profits made from trading with it are withdrawable. Similar to the Supercharged Bonus, withdrawals from your trading account will proportionally reduce this bonus. This bonus applies only to Top-up Bonus accounts.

HFM’s Key Features

Positively, this broker allows traders to access a variety of cryptocurrencies as CFDs, including Bitcoin, Ethereum, Ripple and Litecoin, among others, against the US Dollar. Spreads are competitive depending on market conditions and the account type. For example, the BTCUSD pair has spreads as low as $75 on the Premium and the Top-up Bonus accounts, with no commission charged. Meanwhile, the Pro and the Zero accounts offer spreads as low as $18. The Zero account charges a commission of $3 per side per lot. (Spreads are subject to change.)

Alongside the variety of cryptocurrencies, the broker offers access to a ton of other market products, including CFDs on forex, energy, indices, stocks, metals, bonds, commodities, and ETFs. To trade these assets, traders can use MT4, MT5, and the HFM Platform.

In terms of regulations, this broker is under the supervision of the FSCA in South Africa, the DFSA in Dubai, the CMA in Kenya and the FSA in Seychelles, among others.

Terms and Conditions Apply. Offer availability may vary by country.

Remember that forex and CFDs available at HFM are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

XM

XM is another highly reputable forex and crypto broker known for its generous bonuses and trader-friendly conditions. The first tier offers a 50% bonus on deposits up to $1,000, with a maximum bonus of $500 (when a trader receives up to $500). The second tier offers a 20% bonus on deposits exceeding $1,000, up to a maximum deposit of $23,500 (or a maximum bonus of $5,000). For deposits over $1,000, the first $1,000 receives the 50% bonus, and the remaining amount receives the 20% bonus.

This offer is available for the Standard and Shares accounts but does not apply to the XM Ultra Low account. As expected, traders cannot freely withdraw the deposit bonus from their accounts. However, any profits made from trading with the amount are free to withdraw. On another note, any withdrawal of funds from a client’s account will result in the removal of an amount of the deposit bonus proportional to the withdrawn funds.

XM also offers a $30 no-deposit bonus to new traders. The $30 welcome bonus on XM does not require traders to make a deposit, it is a no-deposit bonus. All they have to do is complete the sign-up process and verify their accounts. Once the trader receives the bonus, they cannot withdraw it. However, they can place trades, and all profits earned are available to withdraw.

XM’s Key Features

For cryptocurrency trading, XM provides competitive spreads. The BTCUSD pair has a minimum spread of $60 on the Standard account and $30 on the Ultra Low Standard account, both without commissions. (Spreads are subject to change.) There is a variety of cryptocurrency assets available to explore on this broker site, all of which are CFDs.

Additionally, traders can access CFDs on forex, equity indices, shares, commodities, metals, stocks, and energies. The trading platforms available to use include MetaTrader 4, MetaTrader 5, and XM’s trading app. XM has a strong regulatory standing. This broker operates under the regulation of the FSC in Belize, among others.

Terms and Conditions Apply. Offer availability may vary by country.

Remember that crypto and other CFDs available at XM are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

Octa

Octa is a well-established forex and crypto broker known for providing a solid trading environment. One of the standout promotional offerings from Octa is its 50% deposit bonus. This bonus allows traders to receive an additional 50% of their deposit amount as trading credit, effectively boosting their starting capital.

To qualify for the 50% bonus, traders must follow three key steps: open a real trading account, make a deposit, and trade a number of lots equal to half of their bonus amount. For example, if a trader deposits $400, they would receive a $200 bonus and need to trade at least 100 lots to unlock the bonus for use. While the bonus itself cannot be withdrawn, any profits generated from trading with the bonus are fully withdrawable. 

Octa’s Key Features

Octa offers trading in a range of cryptocurrency CFDs, including popular pairs like Bitcoin (BTCUSD), Ethereum (ETHUSD), and Litecoin (LTCUSD), among others. In total, the broker offers access to 34 different popular cryptocurrencies. Spreads are competitive, with the BTCUSD pair typically featuring spreads starting from around $27 on the OctaTrader account, with no commissions charged. (Spreads are subject to change.)

Octa also provides access to a wide array of other financial instruments. These include CFDs on forex, commodities, indices, and stocks. While crypto trading is only available on the OctaTrader trading platform, the other instruments can be traded on MetaTrader 5. In terms of regulation, Octa is supervised by several financial authorities. These include the FSCA in South Africa and the MISA in Mwali.

Terms and Conditions Apply. Offer availability may vary by country.

Remember that crypto and other CFDs available at Octa are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

Libertex

Libertex is a well-established forex and crypto broker, operating since 1997. The broker provides a 100% deposit bonus for new traders, effectively doubling their initial trading capital. This bonus applies to first-time deposits with a minimum deposit of $100 and a maximum bonus amount of $10,000. 

While the bonus itself is not directly withdrawable upon receipt, it can be converted into real money by trading. Libertex converts 10% of the trading commissions paid into real money, which is then credited to the trader's account in instalments. This converted bonus can then be withdrawn or used for further trading. The bonus typically has a validity period of 30 days during which the trading volume conditions must be met to convert the bonus.

Libertex’s Key Features

Libertex offers a wide range of cryptocurrency CFDs, including popular assets like Bitcoin, Ethereum, Ripple, Litecoin, and various other altcoins and meme coins. The broker provides its proprietary Libertex platform, as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Spreads vary by asset, and Libertex also charges commissions on some assets. The BTCUSD pair features an average spread of $20.79 plus a commission of 0.1%. (Spreads are subject to change.) Beyond cryptocurrencies, Libertex also provides CFDs on a diverse selection of financial instruments. These include CFDs on forex, indices, stocks, oil, and gas.

Terms and Conditions Apply. Offer availability may vary by country.

Remember that crypto and other CFDs available at Libertex are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

TradingMoon

TradingMoon is a reputable forex and CFD broker that offers an attractive deposit bonus to new traders. This broker provides a $30 deposit bonus to new clients after they make a deposit. You have to deposit at least $25 to receive the $30 bonus. 

Any amount more than $30 will receive a deposit bonus of $30. The deposit bonus is not withdrawable. However, the profits made from trading with it are. Notably, traders can lose the welcome deposit bonus if there is no trading activity in their account for 90 consecutive days.

TradingMoon's Key Features

TradingMoon offers trading in a wide variety of cryptocurrency CFDs, with over 50 instruments available. This includes popular ones like Bitcoin, Ethereum, BinanceCoin, Cardano, Litecoin, Solana, Polkadot, Dogecoin, and Shiba Inu, among many others. 

Crypto spreads are generally competitive depending on market conditions and the account a trader uses. The BTCUSD pair has a minimum spread of $67.64 and an average of $80.94 on the Standard account. In comparison, the same pair has a minimum spread of $54.18 and an average of $65.4 on the Premium account. (Spreads are subject to change.)

In addition to cryptocurrencies, TradingMoon offers CFDs on forex, shares, indices, and commodities. Traders can use three main trading platforms, including MoonTrader, cTrader, and MetaTrader 4. Finally, this broker has regulation from the FSA in Seychelles.

Terms and Conditions Apply. Offer availability may vary by country.

Remember that crypto and other CFDs available at TradingMoon are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

Benefits of Welcome Bonuses

• Great for New Traders - For those just starting out, a bonus can be a fantastic way to get experience and build confidence without putting a lot of their own money on the line.
• Risk Reduction - Bonus funds act as a cushion against losses, reducing the risk to a trader’s personal capital.
• Boosted Trading Power - The most apparent advantage is the instant increase in your trading funds. This allows you to open larger positions, giving you the potential for higher profits.
• Enhanced Diversification - With more funds, traders can explore diverse strategies with less financial exposure.

Drawbacks of Deposit Bonuses

• Withdrawal Limits - Often, the bonus funds themselves can't be withdrawn. You can usually only withdraw profits made from trading with the bonus. Even then, there might be specific trading volume requirements.
• Time Limits - Some bonuses come with an expiration date. If you don't use the funds within that timeframe, you could lose them. Make sure the time limit is realistic for your trading style.
• Account Type Restrictions - Not all accounts are eligible for every bonus. You might find that a bonus only applies to certain account types, which might not be the best fit for your individual trading needs.

Conclusion

Crypto brokers that offer welcome bonuses provide an appealing entry point for both beginner and experienced traders. These bonuses can significantly enhance a trader’s initial capital, offering the opportunity to test trading platforms and build confidence. They can also help traders generate profits without putting too much personal capital at risk. The brokers we featured here stand out not only for their welcome bonuses but also for offering robust trading environments, strong regulatory backing, and diverse crypto CFD options.

However, traders should carefully review the terms and conditions associated with these bonuses. Choosing a reputable, well-regulated broker is equally important to ensure a secure and fair trading experience. Ultimately, while welcome bonuses can be a valuable tool, success in cryptocurrency trading depends on strategy, risk management, and market knowledge. The bonuses themselves are just tools to enhance the trading experience.