One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. This criterion is important for investors in many ways. Let’s take a look at why this is important.
Today’s world is a global world. An investor in South Africa or Nigeria can open an account in a Malaysian broker. Moreover, all of these occur within minutes.
So reputable forex brokers offer quite a variety of account types. The expectations and targets of investors living in different parts of the world may be different. Therefore it is essential for the competition to offer appropriate types of accounts for all types of investors.
There are hundreds of forex brokers with low minimum deposit. Which one is best? All investors are trying to choose the best forex broker for themselves. They are reading reviews to select a good forex broker. Then they ask the questions. Also, you can read the reviews on my blog and ask me questions. But of course, these are sometimes not enough. Brokers who come to the investor with a good offer may deserve a try.
Average minimum deposit amount is $100 in the Forex brokerage industry. Most of the brokers require a minimum deposit at this level. Some scam brokers can benefit from this. Ultra-low spreads, very good account types, good client services and of course bonuses… All of this can attract investors and lead to funding. Then you can not withdraw your money.
Brokers with a low minimum deposit requirement are useful in this regard. You can start depositing with 5 or 10 dollars. It is even possible to start forex trading with $1. It means that you can do 1 Dollar forex trading. Then you evaluate service quality. Is the execution time fast? Is there widening spread? And you test some chronic problems.
Of course, you have to test the withdrawal process. If you are satisfied, you can continue to fund with a higher amount.
In addition, some brokers offer nano account types. You can trade with nano lots in nano account types. Nano lots are a lower unit of micro-lot. 1 standard lot equals 100,000 units. 1 nano lot equals 100 units. For further reading in this regard, you can read the article entitled “What is lot size?“.
It is not possible for investors to profit or loss to affect their budget. Investors who want to try out a new trading strategy should opt to use the nano account types. Also, investors who want to try forex robots called expert advisor may prefer this type of account. Or, as I mentioned above, if you want to try a new broker, this account type is for you.
In the table below you can see forex broker with low minimum deposit requirement. XM and FXTM are also among these brokers. XM also offers a nano account type called Micro Account. The same account is offered by FXTM as the name of Cent Account. If you are looking for a reputable broker with ultra-low minimum deposit, I can recommend these two brokers. Also, Exness is one of the reputable forex brokers which offer start trading with $1 via mini account type.
In this table, you can find minimum deposit forex brokers such as CMC Markets, Alpari and more. As you see there are lots of $1 minimum deposit forex broker. One of the forex brokers with no minimum deposit is CMC Markets. This is an advantage for a broker among all brokers forex minimum deposit $1.
If you are wondering best forex brokers minimum deposit you can check my top forex brokers list. For beginners, I strongly recommend reputable brokers. Low minimum deposit forex brokers seem attractive but you should be aware of that they can be a scammer.
Especially, you should pay attention, no minimum deposit forex broker, which doesn’t have any license. The critical problem in the forex industry is regulation. So, don’t trade with a broker who you don’t trust.
It is very convenient for beginners to start trading with low minimum deposit forex brokers. By trading with low money and mini lot, the trader not only gains experience in the real trading market but also protects himself of financial losses.
If you gain enough experience, you can trade with larger amounts. The benefit of trading with a low deposit forex broker for beginners is that risk is minimal as you would be protected from significant financial losses.
What Are the Pros and Cons of Low Minimum Deposit Forex Brokers?
Before I talk about forex brokers with low minimum deposits, I want to talk about the pros and cons of low minimum deposit.
Many people are looking for brokers that accept low minimum deposits in order to be able to trade the markets quickly, this is natural but still the pros and cons should be mentioned.
The pros of opening an account with a low or minimum deposit outweigh the cons. First of all, beginners can learn about the forex market without risking more than they can afford. You can then spread your pot on assets like the NASDAQ and gold with a low minimum deposit.
Brokers with low minimum deposits accept smaller order sizes for traders with little cash to trade. Also, some brokers provide educational resources, guides to their clients even for a minimum deposit of $1. These are the pros of a low minimum deposit.
A low minimum deposit can have two downsides. The first is thefts, and the second is hidden fees.
Unfortunately, some brokers may resort to this method to defraud investors. But don’t worry, none of the brokers listed below have and will not resort to such disgusting scams. You can trade with peace of mind.
Best Forex Brokers with Low Minimum Deposit
If you are new to forex, you will go for brokers with low minimum deposits. Because you do not want to take too much risk and you want to access the financial markets quickly and easily.
World-renowned forex companies provide the advantage of low minimum deposits, making it easy for traders to trade on their own online platforms.
A low minimum deposit of course has its pros as well as cons. Scams and hidden fees are some of them.
Therefore, as a guide for you, I have reviewed and evaluated forex brokers that stand out with low minimum deposits.
Here is the top forex broker list! Below you can find the best brokers with the low minimum deposit I recommend.
1. XM Forex Minimum Deposit
XM Forex is one of the most popular forex broker in the world. It is founded in 2009. Xm is one of the most trusted forex brokers. XM Global is regulated by ASIC, CYSEC and IFSC.
It is able to trade Stocks, CFDs, Forex, Commodities, Portfolios, Metals and Cryptocurrencies with XM Forex. It offers several trading accounts.
Micro and Standart account require 5$ minimum deposit. So, it means that XM Forex minimum deposit is 5$. XM is a broker who offers one of the most competitive trading conditions.
At XM Forex, the clients have the flexibility to trade by using the same margin requirements and leverage from 1:1 to 888:1. Spreads are tight as low as 0.6 pips on all major currency pairs.
You can use MetaTrader 4 or MetaTrader 5 when you trade. There are mobile and desktop options to use these platforms.
XM Forex offers some bonus promotions. For example, there is XM Forex no deposit bonus 30$. It is available for new clients. Also, XM offers %50 deposit bonus up to 500 USD and %20 deposit bonus up to 4500 USD.
2. Olive Markets Minimum Deposit
Olive Markets is a regulated forex broker who offers good trading conditions. Also, the broker says it keeps the clients’ funds in segregated bank accounts. It means the clients’ funds being maintained in the dedicated, segregated client’s accounts.
The broker offers three trading accounts and the MetaTrader 4 platform for its clients. The spreads are very competitive. It varies by account type. The maximum leverage is up to 1:300. The minimum deposit is 100$ for Olive Markets.
The broker offers to fulfill your withdrawal requests on the same day. You can make your deposits using Bank Transfer, Credit Card and Cryptocurrencies. The deposits and withdrawals are safe and fast.
Olive Markets offers a wide range of trading instruments. The broker offers forex pairs, commodities, stocks, indices, and cryptocurrencies and indices.
When we look at the forex bonuses, Olive Markets offers %15 welcome bonus, %5 crypto deposit bonus and %15 account transfer bonus.
3. Exness Minimum Deposit
Exness is an international forex broker who has entities in Cyprus, UK and Seychelles. The broker is a well-regulated forex broker licensed by FCA and CySEC. The broker founded in 2008. Exness offers competitive trading conditions. Spreads are low and there is unlimited leverage.
Exness minimum deposit amount is 1$. It is offering four trading accounts including Cent, Mini, Classic and ECN accounts. There are two trading platforms; MetaTrader 4 and MetaTrader 5.
The broker has a range of trading products including Forex, Metals, Indices and Energies, Cryptocurrencies. You can deposit or withdraw money via bank wire transfer, credit card, Neteller and Skrill.
What is greater, Exness does not require a specific minimum deposit at the beginning, so you will be able to start forex trading with 1$. Exness does not charge any fees either for withdrawals or deposits.
4. InstaForex Minimum Deposit
InstaForex is a Russia-based forex broker that has been providing online trading services for investors since 2007. It means that InstaForex is also one of the oldest forex brokers in the industry.
InstaForex has been licensed from two different regulators: CySEC in Cyprus and FSC in the British Virgin Islands. Instant Trading Ltd. is authorized and licensed by the Financial Services Commission (FSC) under the Securities and Investment Business Act (SIBA), the British Virgin Islands (BVI).
InstaForex (Instant Trading EU Ltd) is regulated by the Cyprus Securities and Exchange Commission (CySEC) with 266/15 license number.
The broker offers 4 different forex account for its clients. These are Insta Standart, Insta Eurica, Cent Standart and Cent Eurica.
InstaForex minimum deposit is 1$. It means that you can start forex trading with 1$ in InstaForex. Trading conditions are worth trading. There are fixed and variable spreads. Eurica accounts have commissions and Standart accounts have fixed spreads.
Insta Forex offers its clients five different trading platforms. The platforms are MetaTrader 4, MetaTrader 5, Multiterminal, Web trader and InstaBinary.
The bonuses are 100% first deposit bonus, 55% every deposit bonus, 40% InstaForex club bonus, and Chancy deposit bonus.
5. FXTM Minimum Deposit
ForexTime, or FXTM, is a well-regulated forex broker. It is also one of the oldest forex brokers, the broker makes trading operations since 2011.
FXTM is regulated by 4 different watchdogs. These are CYSEC in Cyprus, FCA in the UK, FSB in South Africa and IFSC in Belize. Especially the FCA and CYSEC are reputable financial watchdogs all over the world.
FXTM offers a wide variety of account types. There are 6 different accounts for clients’ use. Also, clients can use all of these account types with swap-free options.
FXTM minimum deposit is 5$ for Cent account. This makes FXTM one of the low minimum deposit forex brokers. The maximum leverage is 1:500 and spreads are average.
The broker supports MetaTrader 4 and its new version MetaTrader 5. These platforms are considered the sector standard and are offered by many brokers.
If you want to open an account with FXTM, you can click the button below.
6. FBS Minimum Deposit
FBS is a forex broker founded in 2009. We can say that it is one of the oldest in the forex world. FBS offers extraordinarily competitive trading conditions.
FBS forex broker is regulated by two regulators. These are IFSC in Belize and CySEC in Cyprus. Client funds of brokers under the CySEC regulation are guaranteed by the Investor Compensation Fund in the case of insolvency of the broker.
FBS offers 6 different trading accounts. There is a Cent account and it requires 1$ minimum deposit. So, it means that FBS minimum deposit is just 1$. There is also a Micro account and it has 5$ minimum deposit.
The maximum leverage is 1:1000 at Cent account. FBS offers 1:3000 max leverage at the Standart account. Spreads vary according to the account types. It is starting from 0,9 pips at the Standart account and 2 pips at Cent account.
You can deposit or withdraw money from FBS by using bank wire transfer, credit card, Skrill, Neteller, Bitcoin. The acceptable currencies are USD and EUR.
7. TICKMILL Minimum Deposit
Tickmill is an international forex and CFD broker founded in 2014. The Tickmill Group’s companies are regulated in some of the world’s most reputable financial jurisdictions.
First of all, Tickmill UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA). And, Tickmill Europe Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) as a CIF limited company. Also, Tickmill is regulated by FSA, LFSA, and the FSCA.
The broker offers three trading accounts. These are Pro, Classic and VIP account types. Tickmill minimum deposit is $100. It offers tight spreads on major currency pairs. The maximum leverage offered by the broker is 1:500. It depends on the financial instruments traded.
Tickmill offers a wide range of deposit and withdrawal options. These are wire transfer, credit/debit card, Skrill, Neteller, Stickpay, Fasapay and UnionPay.
All deposits starting from 5,000 USD or equivalent, processed in one transaction by bank wire transfer, are included in Zero Fees Policy. The broker covers your transaction fees up to 100 USD or equivalent. Tickmill allows a minimum withdrawal of $25.
Click the button below to open an account with Tickmill.
8. OANDA Minimum Deposit
Oanda is a reputable forex broker who established in 1996. It is regulated by top-tier financial jurisdictions. For example; Oanda is regulated by the FCA, ASIC, IIROC, JFSA.
Oanda does not require a minimum deposit. There are two types of accounts. These are Standard and Premium accounts. There is no minimum deposit requirement for the Standard account. So, you can start trading with $1.
$20,000 USD (or equivalent local currency) is the minimum account balance for Premium one. You can trade on 70 FX pairs, CFDs on major indices, commodities, metals, and bonds.
Oanda offers its own trading platform and the MetaTrader 4 trading platform. Its platform is an award-winning trading platform and has a user-friendly interface.
You can choose between fully customizable OANDA Trade web-based and desktop platforms or apps for mobiles and tablets. You can also use MT4.
9. RoboForex Minimum Deposit
RoboForex is an online forex broker who established in 2009. RoboForex Ltd is an international broker regulated by the IFSC.
There are 5 different trading accounts that are suitable for both beginners and experienced traders. RoboForex offers a $10 minimum deposit for 4 account types. R Trader account type requires $100.
The broker offers various deposit and withdrawal methods. There are bank wire transfer, credit card, Skrill, Neteller, Webmoney, Sofort, Giropay, Fasapay and more. When you deposit your trading account, the commission is %0. Roboforex covers all expenses.
Tradable assets are Forex, Stocks, Indices, Cryptocurrencies and other assets. You can select trading platforms between MetaTrader 4 and MetaTrader 5.
10. Swissquote Minimum Deposit
Swissquote is one of the most trusted forex brokers. Swissquote Bank Ltd is based in Switzerland and is regulated by the Swiss Financial Market Supervisory Authority (FINMA), the country’s financial regulator.
There is another entity, Swissquote Ltd, which is a UK-based forex broker. It is regulated by the Financial Conduct Authority (FCA). It is the UK’s financial authority.
Swissquote offers 3 different account types. These are Standard, Premium and Prime. There is no minimum deposit requirement for the standard account. However, the minimum deposit is $ 25,000 to open a Premium account and $ 100,000 to open a Prime account.
You can use bank wire transfer and credit/debit cards to deposit and withdraw. E-wallet systems like Neteller, Skrill, offered by many brokers are not available.
Swissquote offers a wide range of trading platforms. There are forex currency pairs, stocks, futures, bonds, CFDs and cryptocurrencies. Also, Swissquote is the first bank in the world to offer the trading of underlying cryptocurrencies including Bitcoin Cash, Ethereum, Litecoin, and Ripple.
11. FxPro Minimum Deposit
FxPro was founded in 2006. It is involved in the CFD and Spread Betting market. Voted the UK’s most trusted Forex broker by Global Brands Magazine in 2017.
As of today, FxPro has more than 1,866,000 client accounts in 173 countries. They are regulated by the FCA, CySEC, FSCA, and SCB.
There are four different account types in FxPro: FxPro MT4, FxPro MT5, FxPro cTrader, FxPro Markets. FxPro MT4 includes trading on currency pairs, stocks, market indices, metals, and energies.
FxPro MT5 is quite similar to MT4, but they use different platforms. FxPro cTrader has almost identical services except for stocks and futures.
Finally, in the FxPro Markets account type, you can trade currency pairs, market indices, metals, and energies. EAs, dynamic spreads, market orders are supported with a maximum leverage of 1:500.
FxPro charges a commission fee of $45 per million USD traded. There are also some additional payments. For example, with overnight rates and rollover rates, clients pay 8.13 USD on EUR/USD long positions and 2.23 USD on short positions.
FxPro’s minimum deposit is 100 dollars. This price remains the same across all account types that FxPro offers, only the FxPro VIP account is not included.
12. IG Minimum Deposit
IG is one of the Forex companies established in the UK. Founded in 1976, IG is one of the largest CFD brokers in the world. It is regulated by many top regulators, along with the UK’s Financial Conduct Authority (FCA) and Germany’s Federal Financial Supervisory Authority (BaFin). Its reliability is relatively high.
Naturally, IG is considered safe as it is traded on an exchange, makes its financial information transparent, and is overseen by top regulators.
IG’s trading fees are high for forex and stock CFDs. Its product portfolio is limited compared to other brokers because IG only offers CFD and options trading in most countries.
IG’s minimum deposit is $0. IG’s account opening is seamless and completely digital. There is no minimum deposit for bank transfers.
If you are asking which broker has the lowest minimum deposit, IG can be the cheapest forex trading platform.
13. Axitrader Minimum Deposit
AxiTrader was founded in 2007 in Australia. After its successful operations, it has been ranked among the most reliable Forex brokers in Australia. In 2012 the company expanded globally, and AxiCorp Ltd. opened a branch in London.
FCA and ASIC regulate AxiTrader. The company’s customer service is also much better than many brokers in the market. In fact, its success in customer service has enabled many traders to trade on AxiTrader.
AxiTrader is a very safe online trading platform with no minimum deposit, according to many traders.
AxiTrader offers two different account types: MT4 Standard and MT4 Pro. Also, like most brokers, AxiTrader charges a fee on the spread, which is the difference between the buy and sells price of an instrument.
AxiTrader has no minimum deposit requirements, you can deposit any amount you want and start trading. AxiTrader is one of the online trading platforms with no minimum deposits.
14. FxGlory Minimum Deposit
FxGlory was founded in 2011 and has various offices (Malaysia, Cyprus, Spain, and the UK) with its headquarters in Dubai. Unfortunately, FxGlory is not licensed by any regulator.
It is not safe to trade as FxGlory is an unregulated forex company. The company is owned by FXGlory Ltd., an offshore company registered in St. Vincent and Grenadine.
FxGlory’s minimum deposit is $1. It uses MetaTrader4 for its trading platform and has good customer support.
FxGlory’s account types are as follows:
- Standard account: 1:3000 leverage and spread from 2 pips,
- Premium account: 1:2000 leverage and spread from 2 pips,
- VIP account: 1:300 leverage and spread from 0.7 pips,
- CIP account: 1:50 leverage and spread from 0.1 pips.
15. TIO Markets Minimum Deposit
TIO Markets (Limited) is an online brokerage firm registered in Saint Vincent and the Grenadines. TIO Markets also owns TIO Markets UK Ltd., registered in the United Kingdom. It is also regulated by the Financial Conduct Authority (FCA).
There are four account types at TIO Markets. In VIP, Standard, and Signature accounts, commissions are charged from 0.01 spins per lot to 0.02 spins. There is no commission on the VIP Black account, but there is a monthly subscription fee of $49.95.
There’s also a $30 dormancy fee following three months of inactivity. Also, the maximum leverage available for all accounts is 1:200. Higher leverage is also available if you wish.
Deposits are free and can be made via bank transfer, credit card, cryptocurrencies, and e-wallet. The minimum deposit for all methods except crypto is $50.
16. NordFX Minimum Deposit
NordFX is a forex company based in Vanuatu and Cyprus for European traders. NordFX offers many different accounts, low minimum deposits, demo accounts, and MT4 integrations for traders. Also, NordFX is regulated by the VFSC, CySec.
NordFX offers traders three different account types: Fixed Account, Pro Account, and Zero Account. Leverage remains constant at 1:1000, but initial deposits vary, as do spreads and pips range from 0.9 to 2.
NordFX’s minimum deposit is $10. At NordFX, traders can trade with spreads of only 1 pip with cryptocurrency pairs available on all accounts, apart from classical currencies.
NordFX’s forex platform is available 24/7, although it is open at various times for different asset classes. This may affect the trading of various instruments.
What is the minimum deposit for Forex?
In general, brokers require $ 100 as a minimum deposit. But some offer lower. You can find in this article forex broker with low minimum deposit.
Are there forex brokers with no minimum deposit?
Yes, there are forex brokers who offer no minimum deposit. They support mini and micro-accounts. So, you don’t need to deposit a high amount to start trading.
Is it possible to start forex trading with $1?
Of course… You can start forex trading with just $1. Firstly, you should find a forex broker with low deposit. Then, deposit and start trading. If you enjoyed, can keep trading by depositing higher.
What is the minimum deposit for XM Forex?
XM Forex requires just $5 minimum deposit. Also, its spreads are very competitive. This XM Forex review helps you with more information.
What is the best forex broker for beginners?
There are so many forex brokers around the world. It is hard to choose the best one. For a beginner, the most essential thing should be regulation. Spreads, leverage, platform and educational resources are also important.