TheFXBuddy No Deposit Bonus: Red Flag Overview

TheFXBuddy advertises an $80 No Deposit Trading Bonus for eligible new clients who complete account verification. To activate the offer, traders are required to make a minimum $10 verification deposit. According to the broker, this amount is not a fee and remains in the trader's wallet as their own funds, resulting in a total starting balance of $90 ($80 bonus + $10 personal funds).

While the promotion may appear attractive, traders should carefully review the broker's withdrawal conditions, regulatory information, and recent customer feedback before participating.

Trading Bonus at a Glance

Feature	Details
Bonus Amount	$80 No Deposit Bonus
Verification Deposit	Minimum $10 (credited to your trading wallet, not a fee)
Total Starting Balance	$90 ($80 bonus + $10 own funds)
Eligible Trading	Forex Margin Trading only
Bonus Withdrawable	No – only trading profits are withdrawable
Profit Withdrawal Requirement	$500 Forex trading profits or 5 standard lots
KYC Required	Yes
Trading Platform	Web Trader & Android App

Profit Withdrawal Conditions

Profits earned from the $80 promotional credit become eligible for withdrawal only after meeting one of the following conditions:

• Generate at least $500 in Forex Margin Trading profits, or
• Complete 5 standard lots of Forex Margin Trading volume.

The $80 bonus itself is promotional trading credit and cannot be withdrawn.

Eligible Trading Activities

Eligible

• Forex Margin Trading

Not Eligible

• Options Trading
• Binary Options
• Digital Options

Trading in non-eligible products does not count toward the withdrawal requirements.

Regulatory Claims and Trader Feedback

Before participating in this promotion, traders should carefully evaluate the broker's regulatory claims and recent customer feedback.

According to information published by TheFXBuddy, the broker states that it is registered with the MWALI International Services Authority (MISA) under:

• Registration Number: T2022097

However, some traders have raised concerns regarding this regulatory claim. According to information shared by users who reviewed the publicly available MISA brokerage register, Registration Number T2022097 appears to be associated with FX Simple Ltd, with an issue date of 10 June 2022, rather than TheFXBuddy.

We have not independently verified these claims. Traders should confirm the broker's current regulatory status directly with the relevant regulator or request official documentation from the broker before depositing any funds.

Withdrawal Feedback from Traders

In addition to the regulatory concerns, several users have posted comments on the broker's social media accounts reporting withdrawal delays.

The broker's support team has responded to some of these comments; however, individual experiences may differ, and publicly posted comments should not be considered conclusive evidence regarding the broker's overall services.

Prospective traders should review recent customer experiences from multiple independent sources before making a financial decision.

What Traders Should Know Before Participating

• The required $10 verification deposit is described by the broker as your own money and is credited to your trading wallet rather than charged as a fee.
• The $500 profit requirement represents a significant trading target. Traders should carefully assess whether this condition is realistic for their trading strategy and risk tolerance.
• Completing 5 standard lots may be a more practical alternative for active Forex traders, depending on their trading volume.
• Promotions, eligibility requirements, and withdrawal conditions may change without prior notice and can vary by country.
• Always read the broker's latest bonus terms and conditions before opening an account or depositing funds.

Before Taking Advantage of This Offer

Before claiming this promotion, traders should conduct their own research by reviewing:

• The broker's regulatory status.
• Independent customer reviews.
• Recent withdrawal experiences.
• Overall reputation and trustworthiness.
• The latest bonus terms and conditions.

Taking time to verify this information can help you make a more informed decision and reduce unnecessary risk.

Risk Note

Forex and CFD trading involves a high level of risk and may not be suitable for all investors. Promotional bonuses do not eliminate trading risk. The $80 bonus is promotional trading credit and is not withdrawable. Before opening an account or depositing funds, verify the broker's regulatory status, review independent customer feedback, and carefully read the latest terms and conditions available on the broker's official website.