No minimum deposit forex broker
No minimum deposit forex broker
This section is not necessarily important if you are not new to trading but it’s a helpful element to consider if you are a newbie.
No deposit forex bonuses
Supporting different languages on a website doesn’t necessarily mean that they have customer service or support in those languages.
No minimum deposit forex broker
Low minimum deposit forex brokers
After spending weeks of examining and reviewing many brokers, I found some of the best low minimum deposit forex brokers with micro accounts below $10.
Here’s a list of the best legit and regulated low minimum deposit forex brokers with small micro accounts:
You can find reviews and more brokers with micro accounts in the table at the bottom of this post.
You'll see in this article:
Why forex micro accounts?
There are a few reasons that people look for the forex brokers with low minimum deposit or forex micro accounts but I think the main reason is that you are a new trader and you want to get your feet wet before plunging into the ocean.
Well, that’s a wise thing to do and fortunately, there are several forex brokers offering low minimum deposit accounts so not only do you have a chance to begin with a few bucks but also you have a wide range of brokers that you can pick from.
There are some factors that you can pay heed to when choosing a low minimum deposit account. Some of them might not be as important while picking brokers for a larger size account, like educational material, and some should be treated differently such as leverage.
There might be other reasons for the traders to search for the forex brokers with low minimum deposits like having a strategy, especially a scalping one, with aggressive money management or dividing your capital into several small portions and keeping it out of your account for psychology issues or any other reasons.
Either way, you are probably interested in knowing some information about the brokers in this category so that you can make a more reliable decision.
What to search in low minimum deposit forex brokers?
There are several sections that I’ve designed for the table but some of them are more important especially if you are new to trading so I’ll explain them to some extent.
These are some of the factors that I think are important to consider when searching for low minimum deposit forex brokers.
I looked into these metrics precisely when I was searching for micro accounts brokers so that I can write a fair review and provide useful information for everyone that reads this post.
Ok, now let’s see what you should look at when seeking brokers with small accounts.
Regulation
Brokers’ regulation is always important however it’s crucial when you trade with large size accounts. With a low minimum deposit, you don’t need to scout out for a highly regulated broker with the authorization of several financial bodies in different parts of the world.
On the other hand, choosing a broker with no regulation is not a wise decision either because they have no obligatory conditions that watch their probable wrongdoings and make them accountable if they do something illegal.
Not regulated brokers have tempting conditions in some cases such as lower spreads but you can find those situations, and even better, in some regulated brokers as well — you just need to dig deeper.
Not all unregulated brokers are scam and you may find a good one every now and then but I prefer to look for the best ones among regulated brokers.
I think having one regulation in this case suffices. That’s why I’ve chosen the brokers in this list from the ones that are authorized by one regulatory body at the least.
If you want to know more about the method that I used for scoring them, you can see this post that I explain about that.
Spread
With low minimum deposit accounts, you get the worst spreads of brokers most of the time. This is definitely not the strong suit of micro or mini accounts but if this is your priority, for example if you are a scalper, there are still some brokers in the list that have lower spreads.
You will defiantly have problems if you’re a scalper with a 3 to 4 pip tp/sl unless you have an impressive win rate.
On the other hand, there are plenty of options to pick from if you have something like a 10-pip target or stop loss.
If you are a longer-term trader like a day trader, the condition is better and you can pay attention to the other aspect of the brokers as well.
The spread section of the list is based on the lowest spread (from) you get for EUR/USD, which normally has the lowest spread among all the available currency pairs.
If you trade a specific pair or pairs or even other trading instruments like metals, cfds, cryptocurrencies, and etc; you can find the typical or minimum spreads for them on the website of the brokers.
Another good side of regulated brokers is that they publish some information like their spreads on their websites, however, according to my experience, the information released by high regulated brokers are more reliable.
Leverage
This is probably the most important factor for micro accounts. It makes it possible to trade with a low budget in general. Without that there’s no such a thing as a low minimum deposit account.
As a general rule, the higher leverage in small size accounts the better and the lower in large-size accounts the safer, so it’s kind of a double-edged sword.
It’s very hard to trade with as low as 5 or 10 dollars normally even with high leverage like 1.2000, now imagine you have to trade when you have 1:300 with min lot size of 0.01 — it’s kind of impossible to open more than one trade at a time.
In a nutshell, with a 1:300 leverage and 0.01 lot size and a $10 account, we can have roughly 2 trades at a time so if you have a strategy that generates lots of signals, you should pick the highest leverage or larger lot size or even both.
For example, with a lot size of 0.001, you can have 20 trades with the same leverage (1:300) and even larger tp/sl.
If you just open one trade at a time even 1:200 will be enough. In this case, you can put stress on other aspects of the broker you want to pick.
Min lot size
Minimum lot size is the next crucial factor for minimum deposit accounts. The combination of this and the leverage determines your freedom in trading with micro accounts.
As we saw, the larger leverage the better for micro accounts. It’s the opposite for min lot size, the smaller the better.
One standard size for example for EUR/USD is worth $10. 0.1 lots are worth $1 and 0.01 lots are worth 10 cents.
With a $10 account, considering you use a large leverage like 1:1000, you almost have 100 pips which makes it possible to have lots of small trades with a for example 5-pip tp/sl.
Imagine how many trades you can have with 0.001 or even 0.00001 lot size. It’s very helpful for scalpers with a lot of simultaneous trades.
There are some brokers in the list that provides such lot sizes, so if opening lots of positions at the same time is in your trading style, they would be a great fit for you.
Education
This section is not necessarily important if you are not new to trading but it’s a helpful element to consider if you are a newbie.
You have to be well-equipped before even think of trading a small account, but since micro accounts can be an alternative to the demo accounts, you can start with a few dollars right away instead of fake money.
There are some advantages to that. First of all, there are some differences between demo and live accounts.
For example, you may not see problems like slippage (getting a worse price than the one you order), or at least not as frequent, in demo accounts.
So when you trade with a live account especially if you rip a few number of pips like scalpers, you might get into trouble and stumble upon situations you’ve never seen before.
Another issue that you might come across when trading with live accounts is psychology. You can trade with fake money and win or lose big amounts but nothing changes inside you.
You trade fearlessly and don’t care about your trades so you wouldn’t get back and analyze them to find the flaws. It’s different in real money even if it’s not much.
Anyway, if you’re a complete beginner, choosing a broker with educational material can serve you well in the early stage of your trading career.
You’ll probably need more, especially in terms of experience, but even basics can prevent you from jumping into many unreasonable trades or losing your money soon.
I went through all the educational materials of the brokers listed here so that I can be a better reviewer. I didn’t want to just see the headlines of education sections on the brokers’ websites to figure out if they have any material but I examined each of them thoroughly so that I can give meaningful scores.
The scores are from A+ which includes the educations that have useful articles, videos webinars, seminars with high-standard quality, to B which means the broker only provides some basics.
If you are a rather experienced trader, you can skip this section and pay attention to other parts but if you are a beginner, consider this factor as one of your choosing criteria.
Bonus
I chose this factor for the brokers with low minimum deposit because it can increase your initial money so that you can trade with a chubbier account, however, it might not be beneficial to you if you don’t know these kinds of bonuses well.
First of all, you should know that there’s nothing like free money in this case. It means no broker gives you a bonus with no string attached. You need to trade and redeem the bonus.
In other words, the brokers take back their money when you trade and give them spreads or commission which are the revenue stream of the legit brokers.
For example, for withdrawing a bonus, you need to trade a rather high number of lots compare to the size of your account. It’s even worse when they give you no deposit bonus.
For example, if you get a $50 bonus, you need to trade 50 standard lots so that you can withdraw that $50. In other words, you have to be a hell of a trader with lots of trades in a day because in most cases you have a limited time for redeeming the money too.
It can lead to overtrading and growing other bad trading habits which are fatal to the future of your trading especially if you are a newbie.
If you decide to use these types of bonuses, you can find them on the table or on this post that I wrote about them here.
Just make sure to read the terms and conditions of the bonus so you don’t break the bonus’ rules and waste your time.
There are reviews both on the above link and on the links inside the table that explain the conditions thoroughly.
Support
Since online trading creates an opportunity for people from all over the world, brokers try to provide service in different languages.
It comes in handy for the traders who don’t speak english or english is not their native language because there might be some terms and conditions that people ignore because they don’t understand them correctly.
Brokers’ website is the primary source of the clients to find everything they need to know about their brokers and become more familiar with different parts of them.
Moreover, it’s very helpful for those who want to take advantage of educational materials. If the broker’s website offers their languages, the learning process becomes more productive.
Supporting different languages on a website doesn’t necessarily mean that they have customer service or support in those languages.
Some websites support lots of languages but they only have english customer service agents. On the other hand, there are some brokers in the list that have agents for most of the languages that their site supports.
Hotforex, FXTM, FBS, robo forex are some of them.
You can find whether they speak in your language or not by either having a look at their contact page or asking them via online chat.
Fxdailyreport.Com
Benefits of trading with small amounts and list of forex brokers with a low minimum deposit
While we would all love to have tons of money in our trading accounts, starting out with a small deposit is highly recommended to ensure you do not blow up your life savings. Trading with small amounts helps you hone your skills and prevent you from blowing up your account in the future. Other than the skill building aspect, there are also other advantages that come with trading with small amounts, including;
Experience is an important factor to consider when trading forex. Trading with small amounts allows you to gain experience while minimizing your losses. Once you have acquired enough experience, you can then proceed to use larger amounts to trade.
Trading small amounts is not just useful for novice traders. An experienced trader may also trade with small amounts when they want to try out a new trading strategy.
- Reduce commissions
When trading small amounts, you are usually constricted to put the majority of your money into a single trade. This, however, helps you reduce commissions. Traders are usually more likely to be sloppy when you are going to be making 20 trades in a day. But when trading with small amounts forces traders to be more selective about the trades they take.
These traders are sure to take their time to find and trade with only the cleanest charts, with the best risk to reward. This also means they will be focusing more on perfecting their strategies as to being a jack of all trades and a master of none.
- Better management of risk
When trading with a huge account, most traders usually end up using fuzzy math when evaluating risk, reward or prospective trades. This is because they are making many trades and the difference between a good risk and an almost acceptable one feels irrelevant. However, when you are trading with a small amount, you do not get room to fool around.
With a small amount, you are usually putting in all of your capital in a single trade. Hence, if you suffer a loss, it will have a significant impact on your account as a whole. Also, when dealing with a small account, your goal is towards a specific goal which is growing your accounts enough to be able to hold multiple positions at a go. Hence, any loss, no matter how small, feels like a real setback.
As a beginner trader, it is not unlikely that you will probably blow out your first account. Therefore, if you start with a small account, you will lose less, making it a smart business decision.
The trading market has a lot of information circulating every minute. This can become overwhelming, especially for a new trader who is watching a huge number of stocks, listening to the news, and trying to manage their position. This, in turn, can lead them into making bad trades, not trading anything or even having a breakdown.
One of the benefits of trading with small amounts is that you will only be managing one trade at a time. This helps remove a massive amount of stress, allowing you to focus on that particular trade. As a result, you grow accustomed to managing the stress and data of trading, allowing you to slowly increase your ability to manage more concurrent positions.
List of forex brokers with a low minimum deposits 2021
broker | info | bonus | open account |
---|---|---|---|
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec | 50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. | Visit broker | |
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC | $100 no-deposit bonus, 100% deposit bonus | visit broker | |
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize | “50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program” | visit broker | |
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN | 35% of the account deposit | visit broker | |
min deposit: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS | 30% forex deposit bonus | visit broker |
When you are just starting out trading, we highly recommend that you seek the services of reputable brokers. While low minimum deposit forex brokers seem attractive, you should be aware that many in the market are scammers. So make sure you trade with a regulated fx broker with a license. Here are our top 5 forex brokers with a low minimum deposit:
- Financial brokerage services (FBS)
Best forex brokers with low/no minimum deposit for 2021
Top rated:
If you are thinking of getting involved in the forex trading market and you are looking for the top forex brokers, or maybe you are already dealing with an FX broker, one of the most important things you may be thinking about is the minimum deposit.
In the forex market, there are often a few trading conditions that you will have to abide by, which sometimes means a minimum deposit to get into forex trading. With these brokers though, that is not the case.
The reviews we have conducted for this top 10 show that they do not have any minimum deposit requirement, although in some cases you will find a forex broker minimum deposit based on funding amount.
The following top 10 brokers are great for all traders, but particularly for new traders seeking an excellent low deposit start in currency trading, particularly with the credit/debit card deposits that are often cheaply available.
Table of contents
Why a minimum or 0$ deposit is not the only thing to consider
Conducting an in-depth technical analysis in search of a broker with no minimum deposit or a low one is not all you should think about though.
You should also consider the fact that you will likely be trading with some kind of leverage. This and other factors can really help determine the best broker choice for your forex trading future.
In fact, the best situation for you is one where you have a minimum deposit broker that also allows you to trade with minimum trade size. This is something we will get into more at the end of the post.
For now, let’s take a look at the very best forex brokers with low or no minimum deposit.
Best forex brokers with low or no minimum deposits
In no particular order, here is the best low or no minimum deposits brokers chosen after thorough broker reviews on each:
1. Oanda
Trading with oanda broker, the first thing you will be glad to notice is that there is no minimum deposit at all.
The broker also has no minimum trade size. In the forex market and for your trading career, this can mean great flexibility as you can trade as low as 1 unit in your base currency without worrying about lot-size trading.
Deposits for trading with the oanda broker and trading platform can be made in the form of wire transfers, all major credit cards (visa/mastercard), ewallets such as paypal and some other oanda deposit methods may be available depending on your area. Almost all of these come with no real money fee attached at all.
Oanda can also be connected with zulutrade to open many copy trading opportunities and is widely considered to be a very trustworthy option particularly if you are based in europe and want to get started in forex trading with a small amount of money.
2. FBS
Getting into the forex market with FBS is one of the best value ways you can become a trader. This is because you can start a mini account with FBS that only requires $10 from within europe, or $1 from outside as the minimum deposit. This is the FBS cent account. A micro account with a $5 minimum deposit is also available but not within europe.
These kinds of currency trading account types allow you to trade in micro lost of 1,000 units and to trade as low as 10 units or 0.1 nano lots. Compared to the standard forex market trading lot size, this would be 0.0001 standard lots. So, as you can see, real money is still at risk, but in a very controlled way.
Again here, the wire transfer, visa/mastercard, and ewallets like neteller and skrill are all available for deposit with on fee in the majority of cases.
The FBS accounts are also a great choice for non-europeans with super high leverage available, and islamic accounts too.
Of the 5 XM accounts that are offered, two, in particular, have a very low and attractive minimum deposit if you are getting involved in the forex market. These are the micro and standard accounts both with a minimum deposit of just $5.
As with other brokers, the micro account will make it less risky in terms of your real money trading. Here you can benefit from micro lots down to 0.1 nano lots to help you get a taste of the forex market.
When it comes to XM deposit methods, you can choose between the ever-present wire transfer, all major credit cards from either visa or mastercard and some ewallet and local specific methods. All of these methods, for the most part, are free of any XM fee.
Islamic trading accounts are also widely available from the broker as well as the XM ultra low account, which allows you to trade with either micro or standard lots, lower spreads starting from 0.6 pips and it has minimum initial deposit of $50
4. FXTM
FXTM is another major force in the forex trading industry and an excellent place to get started if you are looking for a low minimum deposit broker. Our FXTM broker review showed that you can start micro trading here with the cent account for as little as a $10 deposit.
Again these accounts allow for mini trading with micro lots of 1,000 units and nano lots of just 10 units making trading here very accessible indeed.
Deposits are made available through all of the popular channels including wire transfers, major credit and debit cards from visa, mastercard, and maestro, and ewallets like neteller and skrill. Other localized funding methods may be available depending on location, and all FXTM deposits should be free of any fees.
FXTM islamic accounts are again available where needed and the broker caters particularly well to traders in african countries like nigeria who want to get into the forex market. Crypto deposits are also accepted if you are based outside the remit of european regulations.
5. Roboforex
If you are looking to jump into forex trading with a wide range of account choices, then roboforex may be just the place for you. There are a total of 6 account types to choose from, 3 of these account types have a great low minimum deposit of just $10. These forex trading accounts are the pro standard, ECN pro, and pro cent which allows for micro trading from micro lots of 1,000 units to nano lots of 100 units through the MT4 trading platform and the MT5 trading platform through which you can trade as low as 0.1 nano lots.
For deposits with this broker you can avail of wire transfers, major credit cards, and ewallet options like neteller, webmoney, advcash, and perfectmoney. There may be other funding methods available depending on your area, and most of the deposit methods mentioned carry no fee at all from the broker.
Yet again, if you are in forex trading and need an islamic account, this broker has you covered and is a really good choice if you are looking for standard forex trading accounts with a low minimum deposit.
6. Instaforex
Considering forex brokers with a low or no minimum deposit, then instaforex is another option. They offer two types of micro trading cent accounts with a minimum deposit of just $1 on each. These allow you to engage in mini trading for as little as 0.0001 standard lots, a real risk-free way to engage in the forex market.
Spreads on these accounts start from just 1 pip and the cent eurica account offers a zero spread option with commission from 0.03% in its place which could be an attractive proposition depending on your forex trading style.
Deposits at instaforex can be made by way of wire transfer, major credit cards, and ewallets such as neteller and skrill. In many cases, there are no fees at all to get started trading or make a deposit.
As with the majority of top brokers today, islamic trading is well catered for with this broker.
7. Alpari
The next broker with a very low minimum deposit for forex trading that you should consider is alpari. This broker offers micro trading accounts with the low minimum deposit of $5 to get started. With these accounts as with other cent type mini trading accounts, you can expect both micro and nano lots of 1000, and 10 units to be available.
Deposits to fund your real money forex trading here can be made with a wire transfer, trusted credit cards from either visa, mastercard, or maestro, and ewallet options from neteller and skrill respectively. There are typically no deposit fees with this broker.
Alpari has extensive experience in the forex trading industry, offering the best in trading platforms and islamic accounts for those who require them.
Why is lot size important with low deposits?
You may be wondering why the lot size has been mentioned frequently and why this may impact you as a trader.
The fact is that if you are a european based forex trader, it has become very difficult to have a low minimum deposit and be able to trade significant amounts within the standard trading accounts that this opens up. This is all due to the 30:1 leverage limitation placed by regulators in europe. For example, in order to invest 1$ in a micro lot (1000 units), you would need minimum leverage of 1000:1.
So, if you don’t have leverage, the only solution is to have the smallest trading sizes available.
Some brokers will allow you to open positions for 0.1 nano lots (basically 1/100 of a micro lot), which translates in minimum leverage terms to 10:1.
The only solution that you have available for really low deposit trading if nano lots are not available is unfortunately just to step up your deposit a little more. In these cases as a forex trader, $50 is typically sufficient although it depends on the asset.
With all of that said, given the number of broker options available, it is still very much possible for european traders, even those constrained by strict 30:1 leverage to experience very low deposit trading in the forex market and others.
Brokers with low or 0$ minimum deposit good for non EU users
The following brokers still have very low, or even no minimum deposit requirements to enter the forex market as the brokers above also have. The only difference here is that with these brokers, micro trading through cent accounts is not necessary.
In this case, the best thing you can do is use these brokers to avail of higher leverage availability if you are located outside of an area like cysec regulation where leverage is limited.
forex no-deposit bonuses 2021
nodeposit bonus | bonus | valid till |
---|---|---|
7bforex | no-deposit bonus | $25 | dec/31/2021 |
AGEA | $5 no-deposit bonus | $5 | dec/31/2021 |
almahfaza | phone verification bonus (in arabian) | $50 | dec/31/2021 |
arum trade | “first investment” no-deposit bonus | $30 | dec/31/2021 |
atlasforex | $50 USD no-deposit bonus (in japanese) | $50 | jan/31/2021 |
bityard | beginner rewards | 4 USDT | dec/31/2021 |
bullseye markets | $25 USD no-deposit bonus | $25 | dec/31/2021 |
bybit | $10 registration bonus | $10 | dec/31/2021 |
bybit | social media bonus | $5 | dec/31/2021 |
bybit | survey bonus | $5 | dec/31/2021 |
cfmerchants | $50 welcome no deposit bonus | $50 | dec/31/2021 |
corsa capital | $100 no-deposit fixed welcome bonus | $100 | dec/31/2021 |
cube global | $20 no-deposit bonus | $20 | dec/31/2021 |
CWG | hi account! $50 USD no-deposit bonus | $50 | dec/31/2021 |
elite fin FX | free $20 no-deposit bonus | $20 | dec/31/2021 |
emporio trading | $30 USD no-deposit bonus | $30 | dec/31/2021 |
FBS | level up bonus FREE $140 | $140 | dec/31/2021 |
FBS | no-deposit "trade 100 bonus" | $100 | dec/31/2021 |
FBS | quick start $100 no-deposit bonus | $100 | dec/31/2021 |
forex.Ee | 15 USD welcome no deposit bonus | $15 | dec/31/2021 |
forexchief | no deposit bonus $50 (in indonesian) | $50 | dec/31/2021 |
fortfs | $35 USD no-deposit welcome bonus | $35 | dec/31/2021 |
freshcent | 300 cent bonus "start working with a gift!" | $3 | jan/31/2021 |
freshforex | no deposit bonus $2021 | $2020 | feb/28/2021 |
FX TRB | $50 no deposit welcome bonus (in thai) | $50 | dec/31/2021 |
fxcess | $10 no-deposit email verification bonus | $10 | dec/31/2021 |
fxcess | $15 no-deposit phone verification bonus | $15 | dec/31/2021 |
fxgiants | email verification bonus | $30 | dec/31/2021 |
fxgiants | phone verification bonus | $15 | dec/31/2021 |
fxopen | $1 no deposit bonus for micro accounts | $1 | dec/31/2021 |
fxopen | $10 no-deposit bonus | $10 | dec/31/2021 |
fxoptexgroups | $30 USD free account | $30 | dec/31/2021 |
fxplayer | $100 no-deposit bonus | $100 | dec/31/2021 |
fxprivate | $10 "only for friends" no-deposit bonus | $10 | dec/31/2021 |
fxprocent | $300 cents no deposit bonus | $3 | dec/31/2021 |
FXQM | $30 USD welcome bonus | $30 | dec/31/2021 |
gannmarkets | $30 welcome bonus | $30 | dec/31/2021 |
GEMFOREX | 30,000 JPY no-deposit bonus (in japanese) | 30,000 JPY | jan/05/2021 |
GICM | $25 no deposit bonus | $10 | dec/31/2021 |
GOFX | $30 free trading bonus (in thai) | $30 | dec/31/2021 |
heart forex | $100 welcome bonus | $100 | dec/31/2021 |
hexta prime | $30 USD no-deposit bonus | $30 | dec/31/2021 |
instaforex | $3,500 startup no-deposit bonus | $3500 | dec/31/2021 |
IUX market | account open bonus $30 | $30 | dec/31/2021 |
kaje forex | $50 USD welcome no-deposit bonus | $50 | dec/31/2021 |
mitrade | 50 USD trial bonus | $50 | dec/31/2021 |
noble sky | USD 500 reward for login | $500 | dec/31/2021 |
noble sky | welcome new year gift of USD 1000 | $1000 | mar/05/2021 |
PPM PRIME | $40 free to trade no deposit bonus | $40 | dec/31/2021 |
PROFITTO | $30 no-deposit bonus | $30 | jan/29/2021 |
redstonefx | $88 no-deposit bonus | $88 | dec/31/2021 |
roboforex | $30 welcome bonus | $30 | dec/31/2021 |
seven capitals | new year´s exclusive real $100 account | $100 | jan/31/2021 |
SFEX | $50 no-deposit welcome bonus | $50 | dec/31/2021 |
sinosoft FX | trade free with $20 no-deposit bonus | $20 | dec/31/2021 |
superforex | $50 no-deposit bonus | $50 | dec/31/2021 |
templerfx | no deposit bonus 30$ | $30 | dec/31/2021 |
tiomarkets | $25 USD no-deposit bonus | $25 | mar/31/2021 |
tradeland | $50 welcome no-deposit bonus | $50 | dec/31/2021 |
traders trust | $100 USD no-deposit bonus | $100 | dec/31/2021 |
unicorn brokers | $50 free bonus for afghanian customers | $50 | dec/31/2021 |
upforex | $100 no-deposit welcome bonus | $100 | dec/31/2021 |
velocity trades | $25 no deposit bonus | $25 | dec/31/2021 |
windsor brokers | free account $30 | $30 | dec/31/2021 |
world forex | $10 or $20 USD bonus | $20 | dec/31/2021 |
world trade investment | $50 no-deposit bonus | $50 | dec/31/2021 |
XM group | $30 no-deposit bonus | $30 | dec/31/2021 |
xtreamforex | $25 no deposit bonus | $25 | dec/31/2021 |
Latest promotions:
Extra promotions:
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Freshforex - 300 USC no deposit bonus
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Xtreamforex | $25 no deposit bonus
Getting ready to start your trading without committing an investment. No deposit bonus for newbies to try out services to start earning profit without risking any of their funds.
Bonus available for philippines clients:- no deposit bonus of amount $25 is available for philippines clients with live trading account with verified status. No need to deposit to claim the bonus.
Easy to claim:- register the live account, verify the trading account. Get the bonus by registering the live trading account.
Start your trading:- after getting the bonus you will able to start your trading to earn more profits with zero investment.
Start date to registration:- no deposit bonus account will start on 7th december 2020 for a limited time.
Maximum leverage is 1:400.
Trading account credited with $25 no deposit bonus is not eligible for commissions and ibrebates.
Forex brokers lab
BROKERS with LOW SPREADS
ASIC REGULATED BROKERS
BROKERS with MINIMUM DEPOSIT
BEST FOREX BONUSES
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 $1.
If you are wondering best forex brokers minimum deposit you can check my top forex brokers list. For beginners, I strongly recommend reputable brokers. Low minimum deposit forex brokers seem attractive but you should be aware of that they can be a scammer.
Especially, you should pay attention, no minimum deposit forex broker, which doesn’t have any license. The critical problem in the forex industry is regulation. So, don’t trade with a broker who you don’t trust.
It is very convenient for beginners to start trading with low minimum deposit forex brokers. By trading with low money and mini lot, the trader not only gains experience in the real trading market but also protects himself of financial losses.
If you gain enough experience, you can trade with larger amounts. The benefit of trading with low deposit forex broker for beginners is that risk is minimal as you would be protected from significant financial losses.
1. Exness minimum deposit
Exness is an international forex broker who has entities in cyprus, UK and seychelles. The broker is a well-regulated forex broker licensed by FCA and cysec. The broker founded in 2008. Exness offers competitive trading conditions. Spreads are low and there is unlimited leverage.
Exness minimum deposit amount is 1$. 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$. Exness does not charge any fees either for withdrawals or deposits.
2. XM forex minimum deposit
XM forex is one of the most popular forex broker in the world. It is founded in 2009. Xm is one of the most trusted forex brokers. XM global is regulated by ASIC, CYSEC and IFSC.
It is able to trade stocks, cfds, forex, commodities, portfolios, metals and cryptocurrencies with XM forex. It offers several trading accounts.
Micro and standart account require 5$ 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.
3. 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.
4. 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.
5. 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.
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.
Best no deposit bonus forex brokers 2021
The brokers below represent the best no deposit bonus forex brokers.
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Cysec, FCA, FSA(SC), FSCA, labuan-fsa
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.
Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.
Ctrader, MT4, MT5, proprietary
Dealing desk, ECN, market maker, no dealing desk, STP
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Note: not all forex brokers accept US clients. For your convenience we specified those that accept US forex traders as clients.
Tickmill
Regulated by: cysec, FCA, FSA(SC), FSCA, labuan-fsa
Headquarters : 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ.
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).
The broker provides more than 80+ CFD instruments to trade on covering forex, indices, commodities and bonds through three core trading accounts called the pro account, classic account and VIP account. They also offer a demo trading account and islamic swap-free account.
GO markets
Headquarters : level 22, 600 bourke street, melbourne, VIC 3000, australia
Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.
Australian brokers are definitely making a name for themselves in the trading arena as some of the most reliable, intuitive and forward thinking firms around. This broker is no different with a wide variety of tools, assets and reasonable trading conditions.
GO markets pty ltd an ASIC regulated broker has been in operation since 2006. The head office is located in melbourne, australia. With over a decade of experience, GO markets has grown to become a leading broker with a huge client base from over 150 countries. GO markets offers forex, share cfds, indices, metals and commodities for trading on the MT4 and MT5 trading platforms.
Roboforex
Headquarters : 2118 guava street, belama phase 1, belize city, belize
The roboforex brand is operated by the roboforex group, and is located in belize. Roboforex began operations in 2009 and has grown in size and capacity. The brand offers over multiple trading instruments which include forex, stocks, indices, etfs, commodities, energies, metals and cryptocurrencies.
They also offer cutting edge platforms. Roboforex boasts of over 800,000 clients from 169 countries. They are both a dealing desk and non dealing desk broker offering ECN and STP trading accounts through their platforms. This means a different payment model to you the trader eg. Lower spreads for ECN accounts with some commissions to pay.
*leverage depends on the financial instrument traded and on the client’s country of residence.
Axiory
Headquarters : no.1 corner of hutson street and marine parade belize city, belize
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Axiory was founded in 2012 and is a trading name of axiory global ltd which is authorised and regulated by the international financial services commission (IFSC) of belize. The broker segregates client funds from their own and offers negative balance protection. The company is also audited by pricewaterhousecoopers and is a member of the financial commission.
Users can choose from three types of trading accounts called nano, standard and max to trade on 80 different markets covering forex and cfds on indices, energies, stocks and metals. Axiory offers maximum leverage of up to 1:500 and also provides access to islamic swap-free accounts and a demo trading account. Users can also access data regarding execution times and slippage distribution for even more transparency.
What is a no deposit forex bonus?
A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.
Just like the deposit bonuses in forex (which require you to deposit first), the no-deposit bonus is used strictly for trading purposes and can only be withdrawn from the account on fulfillment of the broker’s trade volume requirements.
Typically, the no-deposit forex bonuses are not as large as the deposit bonuses. They range from between $10 and $200, depending on the broker. They are actually meant to introduce new traders into the world of real money trading and are not meant to be used for profit-oriented trading. Think of it as a form of live, real money practice account where you keep all the gains. If you lose money, you have lost nothing.
What should I do to get my bonus?
Most of the no-deposit forex bonuses in the market can be obtained as exclusive offers through affiliate partners of the forex brokers that offer them. The forex brokers who award the no-deposit forex bonuses directly are typically in the minority.
What is the difference between no deposit bonuses and deposit bonuses?
No-deposit forex bonuses do not require an initial deposit into the trading account before they are awarded. This factor distinguishes the no-deposit forex bonus from deposit bonus, which like the name implies, requires a deposit from the trader before it is awarded.
No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.
What other bonus and promotion types do brokers offer?
Other bonuses and promotions may be given out by brokers occasionally.
- The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.
- Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.
- Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.
Conclusion
Are you looking for the best no deposit bonus forex brokers for 2017? Here we show a list of these brokers which we have compiled after careful evaluation of various candidates. Ensure you use the no-deposit forex bonus wisely and use it to enhance your live account trading experience.
No minimum deposit forex broker
Low minimum deposit forex brokers
After spending weeks of examining and reviewing many brokers, I found some of the best low minimum deposit forex brokers with micro accounts below $10.
Here’s a list of the best legit and regulated low minimum deposit forex brokers with small micro accounts:
You can find reviews and more brokers with micro accounts in the table at the bottom of this post.
You'll see in this article:
Why forex micro accounts?
There are a few reasons that people look for the forex brokers with low minimum deposit or forex micro accounts but I think the main reason is that you are a new trader and you want to get your feet wet before plunging into the ocean.
Well, that’s a wise thing to do and fortunately, there are several forex brokers offering low minimum deposit accounts so not only do you have a chance to begin with a few bucks but also you have a wide range of brokers that you can pick from.
There are some factors that you can pay heed to when choosing a low minimum deposit account. Some of them might not be as important while picking brokers for a larger size account, like educational material, and some should be treated differently such as leverage.
There might be other reasons for the traders to search for the forex brokers with low minimum deposits like having a strategy, especially a scalping one, with aggressive money management or dividing your capital into several small portions and keeping it out of your account for psychology issues or any other reasons.
Either way, you are probably interested in knowing some information about the brokers in this category so that you can make a more reliable decision.
What to search in low minimum deposit forex brokers?
There are several sections that I’ve designed for the table but some of them are more important especially if you are new to trading so I’ll explain them to some extent.
These are some of the factors that I think are important to consider when searching for low minimum deposit forex brokers.
I looked into these metrics precisely when I was searching for micro accounts brokers so that I can write a fair review and provide useful information for everyone that reads this post.
Ok, now let’s see what you should look at when seeking brokers with small accounts.
Regulation
Brokers’ regulation is always important however it’s crucial when you trade with large size accounts. With a low minimum deposit, you don’t need to scout out for a highly regulated broker with the authorization of several financial bodies in different parts of the world.
On the other hand, choosing a broker with no regulation is not a wise decision either because they have no obligatory conditions that watch their probable wrongdoings and make them accountable if they do something illegal.
Not regulated brokers have tempting conditions in some cases such as lower spreads but you can find those situations, and even better, in some regulated brokers as well — you just need to dig deeper.
Not all unregulated brokers are scam and you may find a good one every now and then but I prefer to look for the best ones among regulated brokers.
I think having one regulation in this case suffices. That’s why I’ve chosen the brokers in this list from the ones that are authorized by one regulatory body at the least.
If you want to know more about the method that I used for scoring them, you can see this post that I explain about that.
Spread
With low minimum deposit accounts, you get the worst spreads of brokers most of the time. This is definitely not the strong suit of micro or mini accounts but if this is your priority, for example if you are a scalper, there are still some brokers in the list that have lower spreads.
You will defiantly have problems if you’re a scalper with a 3 to 4 pip tp/sl unless you have an impressive win rate.
On the other hand, there are plenty of options to pick from if you have something like a 10-pip target or stop loss.
If you are a longer-term trader like a day trader, the condition is better and you can pay attention to the other aspect of the brokers as well.
The spread section of the list is based on the lowest spread (from) you get for EUR/USD, which normally has the lowest spread among all the available currency pairs.
If you trade a specific pair or pairs or even other trading instruments like metals, cfds, cryptocurrencies, and etc; you can find the typical or minimum spreads for them on the website of the brokers.
Another good side of regulated brokers is that they publish some information like their spreads on their websites, however, according to my experience, the information released by high regulated brokers are more reliable.
Leverage
This is probably the most important factor for micro accounts. It makes it possible to trade with a low budget in general. Without that there’s no such a thing as a low minimum deposit account.
As a general rule, the higher leverage in small size accounts the better and the lower in large-size accounts the safer, so it’s kind of a double-edged sword.
It’s very hard to trade with as low as 5 or 10 dollars normally even with high leverage like 1.2000, now imagine you have to trade when you have 1:300 with min lot size of 0.01 — it’s kind of impossible to open more than one trade at a time.
In a nutshell, with a 1:300 leverage and 0.01 lot size and a $10 account, we can have roughly 2 trades at a time so if you have a strategy that generates lots of signals, you should pick the highest leverage or larger lot size or even both.
For example, with a lot size of 0.001, you can have 20 trades with the same leverage (1:300) and even larger tp/sl.
If you just open one trade at a time even 1:200 will be enough. In this case, you can put stress on other aspects of the broker you want to pick.
Min lot size
Minimum lot size is the next crucial factor for minimum deposit accounts. The combination of this and the leverage determines your freedom in trading with micro accounts.
As we saw, the larger leverage the better for micro accounts. It’s the opposite for min lot size, the smaller the better.
One standard size for example for EUR/USD is worth $10. 0.1 lots are worth $1 and 0.01 lots are worth 10 cents.
With a $10 account, considering you use a large leverage like 1:1000, you almost have 100 pips which makes it possible to have lots of small trades with a for example 5-pip tp/sl.
Imagine how many trades you can have with 0.001 or even 0.00001 lot size. It’s very helpful for scalpers with a lot of simultaneous trades.
There are some brokers in the list that provides such lot sizes, so if opening lots of positions at the same time is in your trading style, they would be a great fit for you.
Education
This section is not necessarily important if you are not new to trading but it’s a helpful element to consider if you are a newbie.
You have to be well-equipped before even think of trading a small account, but since micro accounts can be an alternative to the demo accounts, you can start with a few dollars right away instead of fake money.
There are some advantages to that. First of all, there are some differences between demo and live accounts.
For example, you may not see problems like slippage (getting a worse price than the one you order), or at least not as frequent, in demo accounts.
So when you trade with a live account especially if you rip a few number of pips like scalpers, you might get into trouble and stumble upon situations you’ve never seen before.
Another issue that you might come across when trading with live accounts is psychology. You can trade with fake money and win or lose big amounts but nothing changes inside you.
You trade fearlessly and don’t care about your trades so you wouldn’t get back and analyze them to find the flaws. It’s different in real money even if it’s not much.
Anyway, if you’re a complete beginner, choosing a broker with educational material can serve you well in the early stage of your trading career.
You’ll probably need more, especially in terms of experience, but even basics can prevent you from jumping into many unreasonable trades or losing your money soon.
I went through all the educational materials of the brokers listed here so that I can be a better reviewer. I didn’t want to just see the headlines of education sections on the brokers’ websites to figure out if they have any material but I examined each of them thoroughly so that I can give meaningful scores.
The scores are from A+ which includes the educations that have useful articles, videos webinars, seminars with high-standard quality, to B which means the broker only provides some basics.
If you are a rather experienced trader, you can skip this section and pay attention to other parts but if you are a beginner, consider this factor as one of your choosing criteria.
Bonus
I chose this factor for the brokers with low minimum deposit because it can increase your initial money so that you can trade with a chubbier account, however, it might not be beneficial to you if you don’t know these kinds of bonuses well.
First of all, you should know that there’s nothing like free money in this case. It means no broker gives you a bonus with no string attached. You need to trade and redeem the bonus.
In other words, the brokers take back their money when you trade and give them spreads or commission which are the revenue stream of the legit brokers.
For example, for withdrawing a bonus, you need to trade a rather high number of lots compare to the size of your account. It’s even worse when they give you no deposit bonus.
For example, if you get a $50 bonus, you need to trade 50 standard lots so that you can withdraw that $50. In other words, you have to be a hell of a trader with lots of trades in a day because in most cases you have a limited time for redeeming the money too.
It can lead to overtrading and growing other bad trading habits which are fatal to the future of your trading especially if you are a newbie.
If you decide to use these types of bonuses, you can find them on the table or on this post that I wrote about them here.
Just make sure to read the terms and conditions of the bonus so you don’t break the bonus’ rules and waste your time.
There are reviews both on the above link and on the links inside the table that explain the conditions thoroughly.
Support
Since online trading creates an opportunity for people from all over the world, brokers try to provide service in different languages.
It comes in handy for the traders who don’t speak english or english is not their native language because there might be some terms and conditions that people ignore because they don’t understand them correctly.
Brokers’ website is the primary source of the clients to find everything they need to know about their brokers and become more familiar with different parts of them.
Moreover, it’s very helpful for those who want to take advantage of educational materials. If the broker’s website offers their languages, the learning process becomes more productive.
Supporting different languages on a website doesn’t necessarily mean that they have customer service or support in those languages.
Some websites support lots of languages but they only have english customer service agents. On the other hand, there are some brokers in the list that have agents for most of the languages that their site supports.
Hotforex, FXTM, FBS, robo forex are some of them.
You can find whether they speak in your language or not by either having a look at their contact page or asking them via online chat.
So, let's see, what we have: we’ve gather a wide range of forex brokers with micro accounts lower than $10 minimum deposit according to various factors so you can get the best deal. At no minimum deposit forex broker
Contents of the article
- No deposit forex bonuses
- No minimum deposit forex broker
- Low minimum deposit forex brokers
- Why forex micro accounts?
- What to search in low minimum deposit forex...
- Fxdailyreport.Com
- List of forex brokers with a low minimum deposits...
- Best forex brokers with low/no minimum deposit...
- Why a minimum or 0$ deposit is not the only thing...
- Best forex brokers with low or no minimum deposits
- Why is lot size important with low deposits?
- Brokers with low or 0$ minimum deposit good for...
- forex no-deposit bonuses 2021
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- Forex brokers lab
- BROKERS with LOW SPREADS
- ASIC REGULATED BROKERS
- BROKERS with MINIMUM DEPOSIT
- BEST FOREX BONUSES
- 1. Exness minimum deposit
- 2. XM forex minimum deposit
- 3. Olive markets minimum deposit
- 4. FXTM minimum deposit
- 5. Instaforex minimum deposit
- 6. FBS minimum deposit
- 7. TICKMILL minimum deposit
- 8. OANDA minimum deposit
- 9. Roboforex minimum deposit
- 10. Swissquote minimum deposit
- Best no deposit bonus forex brokers 2021
- Tickmill
- GO markets
- Roboforex
- Axiory
- What is a no deposit forex bonus?
- What should I do to get my bonus?
- What is the difference between no deposit bonuses...
- What other bonus and promotion types do brokers...
- Conclusion
- No minimum deposit forex broker
- Low minimum deposit forex brokers
- Why forex micro accounts?
- What to search in low minimum deposit forex...
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