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Affiliate Disclosure
Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Best Forex Brokers with Low Minimum Deposits

One of the benefits of the Forex market is the lower initial capital requirement needed to manage diversified portfolios compared to other assets, like equities. Within the Forex brokerage scene, low/minimum deposit Forex brokers are essential for beginner and seasoned traders alike. We will cover the benefits and drawbacks of low minimum deposits and highlight why traders should not only focus on this aspect alone. Do you trade with the best broker for your portfolio?

The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Well-regulated and trusted broker & investor compensation fund
Proprietary copy trading service and mobile app
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Generous bonuses & loyalty program for active traders
Competitive regulation & high trust score amid excellent transparency
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Well-balanced asset selection, including cryptocurrencies and options.
Compliant with 9 regulators & a trustworthy trading environment.
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Capitlalise AI for code-free algorithmic trading & excellent MT4/MT5 upgrades
Competitive commission-based trading fees & low swap rates

  • Exness, Tight spreads + leverage up to 1:2000.
  • XM, Exception range of assets + negative balance protection.
  • AvaTrade, Highly regulated, choice of fixed or floating spreads.
  • Pepperstone, Great ECN execution on MT4 platform.

Best Low Minimum Deposit Brokers Comparison

Year Established
Execution Type(s)
Market MakerMarket MakerMarket MakerNo Dealing Desk, NDD
Minimum Deposit
$10 (based on the account type)
Average Trading Cost EUR/USD
0.6 pips0.1 pips0.9 pips1.1 pips
Average Trading Cost GBP/USD
0.7 pips0.2 pips1.5 pips1.6 pips
Average Trading Cost Gold
12.5 pips$0.19 $0.29 $0.20
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformMetaTrader 4, MetaTrader 5, Proprietary platformOther, MetaTrader 4, MetaTrader 5, Web-based+MetaTrader 4, MetaTrader 5, cTrader, Trading View
Islamic Account
Negative Balance Protection


In Summary Tight spreads + leverage up to 1:2000

The Exness Standard and Standard Cent accounts have no minimum deposit requirement, as Exness states it depends on the payment processors. In the deposit section, Exness lists the minimum deposit as $10 for all payment processors, except for $50 for Bitcoin, while withdrawals are available from $1. The Standard account features the MT5 trading platform, and the Standard Cent has MT4.

Exness has an excellent Forex selection of 100+ currency pairs, and its ultra-competitive trading fees landed it on our low/minimum deposit Forex brokers list of preferred providers. It also features superb order execution with a minimum lot size of 0.01 lots.

Read more on Exness »
4.5/5 in this category

Pros & Cons

  • Instant withdrawals, based on the payment system, from a trusted broker with numerous payment methods
  • High level of transparency and financial audits by a Big Four accountancy firm, Deloitte
  • Multi-regulated broker
  • 24/7 multi-lingual customer service
  • No education for beginners


In Summary Exception range of assets + negative balance protection

XM makes the list of the most competitive low minimum deposit Forex brokers with a minimum deposit of $5. Traders get upgraded MT4/MT5 trading platforms, which fully support algorithmic trading and have embedded copy trading services. The recent addition of the XM Ultra-Low account offers traders swap-free, commission-free trading on select assets.

Beginners will benefit from high-quality education and research. The minimum trade size is 0.01 lots, except for the Micro account, which has nano lot sizes, with 1.0 lot equaling 1,000 currency units, where the minimum trade size is 0.1 lots or 100 currency units one tenth the size of the usual minimum, and the maximum leverage is 1:1000.

Read more on XM »
4.5/5 in this category

Pros & Cons

  • Outstanding trading tools and loyalty program
  • Low minimum deposit, high leverage*, and competitive trading cost
  • Excellent research and education
  • Trustworthy and transparent with generous bonuses and incentives
  • Inactivity fee


In Summary Highly regulated, choice of fixed or floating spreads

AvaTrade is one of the low minimum deposit Forex brokers with the widest range of trading platform choices, and its minimum deposit is $100. Besides the MT4 and MT5 trading platforms, upgraded with the Guardian Angel plugin, traders can use WebTrader and the mobile app AvaTradeGO, which have embedded services by Trading Central. Options traders can use AvaOptions, while copy traders get Ava Social and DupliTrade, complementing the embedded MT4/MT5 solutions.

Beginners can also benefit from an excellent educational package and the unique AvaProtect, a fee-based insurance policy that can offer protection against trading losses. AvaTrade grants maximum Forex leverage of 1:400, commission-free spreads, and the minimum trade size is just 0.01 lots.

Read more on AvaTrade »
4.3/5 in this category

Pros & Cons

  • High-quality educational offering via SharpTrader
  • Excellent choice of trading platforms catering to various trading needs
  • Broad asset selection and cross-asset diversification opportunities
  • Well-regulated and trusted broker with oversight from a central bank
  • Trading costs competitive but nothing special


In Summary Great ECN execution on MT4 platform

Pepperstone upgrades MT4/MT5 with the 28-plugin SmartTrader Tools package plus Autochartist, and traders may also use cTrader. Pepperstone connects social traders to TradingView, where 50M+ traders discuss and share trading ideas. Copy traders can use the embedded services in MT4, MT5, cTrader, Myfxbook Autotrade, and DupliTrade. Capitalise AI enables algorithmic trading in a code-free environment, and Pepperstone also features API trading.

With its $100 minimum deposit requirement, Pepperstone ranks among the most competitive low minimum deposit Forex brokers. The minimum trade size is 0.01 lots, the maximum Forex leverage is 1:500, and the commission-based trading account features competitive trading fees.

Read more on Pepperstone »
4.0/5 in this category

Pros & Cons

  • Excellent choice of trading platforms consisting of MT4/MT5, and cTrader
  • Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
  • Social trading support via Myfxbook, MetaTrader Signals, and DupliTrade
  • Leverage of up to 1:30 and superb trade execution
  • Demo accounts have 30-day time limits

Minimum Deposits Explained

Many brokers require a minimum deposit to open an account after passing verification. For example, if the minimum deposit is $100, traders must deposit this minimum amount before they can start trading. Most Forex brokers reject incoming deposits below their minimum requirement and return the funds to the sender.

Some Forex brokers may accept a partial deposit. They will inform traders that they received the funds but cannot activate the account unless they send the additional amount to satisfy the minimum deposit threshold. The lowest minimum deposit Forex brokers with the smallest capital funding requirements often require between $1 and $10.

Forex brokers with a minimum deposit requirement often set these levels in order to cover operational costs to offer their products and services to clients and some accepting small deposits do so at a loss.

Low Minimum Deposit Pros and Cons

When traders evaluate low/minimum deposit Forex brokers, they should consider the pros and cons before funding an account.

The pros of low/minimum deposit Forex brokers include:

  • Flexibility to create a deposit plan.
  • Accessibility to all traders
  • Ability to evaluate live trading conditions at a broker.
  • Testing new strategies in live trading conditions
  • Learning how to trade in the Forex market.
  • Diversifying portfolios across different brokers and strategies

The cons of low/minimum deposit Forex brokers include:

  • Scammers and unregulated brokers may lure beginners with micro-deposits.
  • Misuse of micro accounts
  • Potentially fostering a gambling mentality
  • High trading fees or other hidden costs

What is the Recommended Forex Minimum Deposit?

While low minimum deposit Forex brokers may ask for anywhere between $1 and $10, traders should approach Forex trading realistically. Trading with insufficient funds is one of the core mistakes most traders make, which usually results in consistent losses. There is no magic number for the optimal dollar size of a successful portfolio, and Forex traders should approach the market depending upon their individual situation. Rather than finding a minimum deposit that works for others, they should consider their profit expectations and anticipated monthly earnings potential.

Here is an example:

  • A trader attempts to earn at least $500 monthly.
  • The desired Forex strategy yields an average of 3.5% monthly.


($500 / 3.5) x 100 = $14,285 deposit required

Please note:

  • The above example is what the trader requires.
  • Most traders will start with notably less, which is why a solid deposit strategy remains paramount to supporting organic growth of a portfolio.

A deposit strategy example:

  • Initial deposit: $2,000
  • Start executing the trading strategy.
  • Follow-on deposits of $200 monthly

Please note:

  • A deposit strategy will help traders reach their target and allow for strategy refinement and fine-tuning.

Can I Trade Forex with No Money?

Forex trading without money is impossible, as each trade has a margin requirement, dependent on the leverage per asset. Low minimum deposit Forex brokers ask for less capital to start trading, but it always requires funds. The size of the portfolio determines the income a Forex strategy can provide.

Why is the Minimum Deposit not the Only Thing to Consider?

Once traders fund a trading account with a low minimum deposit Forex broker, they have their foot in the door and can start building a record and experience, but what awaits them afterwards matters more. The trading conditions, particularly trading costs, order execution, leverage, and minimum lot size, will impact which strategies traders can successfully execute and how much they can earn per trade.

Why is Lot Size Important with Low Deposits?

Like most brokers, low minimum deposit Forex brokers usually have a minimum lot size requirement of 0.1 lots, which equals 1,000 currency units (i.e., EURUSD is €1000) in a standard account, or 100 units in a micro account. This allows traders to diversify smaller portfolios, as the lot size with the leverage determines the margin requirement needed to support positions.

Bottom Line

Trading with low/minimum deposit Forex brokers is ideal for traders to evaluate live trading conditions, beginners to learn trading in the Forex market as the next step from demo accounts, and for seasoned traders to forward test new strategies under actual market conditions.

You might also be interested in reviewing the below top brokers:


Why do brokers require a minimum deposit?


Not all brokers require a minimum deposit, and many have a low threshold to ensure accessibility. Some brokers want to ensure they can cover the costs of onboarding clients and providing services or avoid beginners making micro-deposits in standard accounts, which all but guarantees a blown portfolio on the first few trades. Forex brokers who cater to more advanced traders have custom trading conditions which make them profitable after a certain portfolio balance.

Can traders make profits with $5 minimum deposit for Forex brokers?


It is mathematically possible to earn profits from a $5 deposit, but it will probably amount to pennies at best. Since the necessary work is identical to trading a substantial portfolio, the work-reward ratio does not warrant trading micro-portfolios. Traders can use micro-deposits as a longer-term portfolio-building strategy, for example, making a $5 deposit weekly if they use a low-cost payment processor.

What are the advantages of using a $5 minimum deposit forex brokers?


$5 minimum deposit Forex brokers allow traders to evaluate live trading conditions at brokers. They also ensure flexibility and freedom to build portfolios. Seasoned traders also use them to evaluate new strategies in live portfolios, as demo trading cannot provide the required data.

Is it possible to trade Forex with $1?


Yes, it is possible to place a Forex trade with $1 in a micro or cent account, but it only suits traders who assess strategies under live market conditions. This is not generally advised.

Can I trade Forex with no money?


No, because every Forex trade has a margin requirement, meaning traders must have the specified amount in their portfolio. Some Forex brokers offer a no-deposit bonus, granting a small sum of capital for opening and verifying a trading account. While it requires no money from the trader, it is capital. Therefore, it is impossible to trade Forex with no money.

Christopher Lewis
About Christopher Lewis

Christopher Lewis has been trading Forex for several years. He writes about Forex for many online publications, including his own site, aptly named The Trader Guy.