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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.

Top-Rated Micro Account Forex Brokers

The most effective way to learn how to trade Forex is in a micro account with a small deposit. It offers a real trading experience and prevents beginner traders from falling victim to the “demo account trap”, where success in a demo environment is incorrectly believed to prove readiness for success in a real money 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.
24/5 + 18/2 customer support & Quality education and research for beginners.
No minimum deposit requirement & a choice of payment processors and currencies.
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.
Upgraded MT4/MT5 trading platforms, cTrader & copy trading solutions.
Balanced asset selection with competitive trading fees & 0.01 lots minimum trade size
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.
0.01 lot minimum trade size & competitive, commission-based trading fees
Superb choice of cutting-edge trading tools like Capitalise AI for code-free algo trading.
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.
No minimum deposit requirement & minimum trade size of 0.01 lots
Excellent asset selection of 26,000+ & deep liquidity pools resulting in tight spreads.
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.
An excellent educational package for beginner traders
0.01 minimum lot size requirement & a balanced asset selection, including options.

  • Pepperstone, Great ECN execution on MT4 platform.
  • FP Markets, ECN trading with leverage up to 1:500.
  • Eightcap, Competitive pricing + excellent daily videos.
  • BlackBull Markets, Best ECN trading environment, with scalping and hedging.
  • AvaTrade, Highly regulated, choice of fixed or floating spreads.

Comparison of the Best Micro Account Brokers

Year Established
Execution Type(s)
No Dealing Desk, NDDECN/STPECN/STP, Market MakerECN/STP, No Dealing DeskMarket Maker
Minimum Deposit
Average Trading Cost EUR/USD
1.1 pips1.1 pips1.0 pips1.3 pips0.9 pips
Average Trading Cost GBP/USD
1.6 pips1.4 pips1.2 pips2.0 pips1.5 pips
Average Trading Cost Gold
$0.20 $0.21 $0.12 $0.90 $0.29
Trading Platform(s)
MetaTrader 4, MetaTrader 5, cTrader, Trading ViewMetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-basedMetaTrader 4, MetaTrader 5, Trading ViewMetaTrader 4, MetaTrader 5, Trading ViewOther, MetaTrader 4, MetaTrader 5, Web-based+
Islamic Account
Negative Balance Protection


In Summary Great ECN execution on MT4 platform

Pepperstone ranks among the best micro account Forex brokers due to its cutting-edge trading environment. It upgrades the out-of-the-box MT4/MT5 trading platforms with the Smart Trader Tools package, featuring 28 plugins. Autochartist is also available, but Capitalise AI, which supports algorithmic trading in a code-free environment, sets Pepperstone apart from most competitors.

The well-balanced asset selection, including cryptocurrencies and ETFs, plus competitive commission-based trading fees, ensure traders pay less and earn more. Pepperstone connects social traders to TradingView, where 50M+ traders interact and share ideas. Copy traders get embedded MT4, MT5, cTrader service, the well-known Myfxbook Autotrade, and DupliTrade.

Read more on Pepperstone »
4.9/5 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

FP Markets

In Summary ECN trading with leverage up to 1:500

fpmarkets is an ASIC-regulated Australian brokerage which launched in 2005. For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies. Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. fpmarkets offers an unusual hybrid ECN/STP execution model, meaning their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.

Read more on FP Markets »
4.7/5 in this category

Pros & Cons

  • Choice of trading platforms and auxiliary trading tools
  • Very competitive cost structure and excellent asset selection
  • Low minimum deposit requirement and leverage of up to 1:500
  • Well-regulated and trustworthy
  • Availability of Iress geographically restricted


In Summary Competitive pricing + excellent daily videos

Forex trading has lower capital entry requirements, but beginners often approach it with $100 or less. It makes standard Forex trading accounts unsuitable, and smaller portfolios require micro lot trading. Eightcap offers minimum transaction sizes of 0.1 lots, which is 1.0 micro lot. Unlike many competitors, Eightcap maintains the same competitive trading fees, as it does not feature a stand-alone account type for micro lot trading.

Eightcap also ensures beginners have quality educational content and connects accounts to the active TradingView community. MT4/MT5 has embedded copy trading services, and Capitalise AI allows traders to automatize strategies in a code-free environment.

Read more on Eightcap »
4.6/5 in this category

Pros & Cons

  • Low minimum deposit and high leverage of up to 1:500
  • Competitive cost structure
  • Excellent technology infrastructure and seasoned management team
  • Daily research and quality educational content
  • Limited leverage in some areas

BlackBull Markets

In Summary Best ECN trading environment, with scalping and hedging

BlackBull Markets was founded in 2014 in New Zealand. Like many antipodean Forex brokers, BlackBull Markets is an ECN broker, offering raw spreads and commissions. They are regulated in New Zealand by the Financial Services Providers Register (FSPR) and offer a maximum leverage on some Forex currency pairs as high as 500 to 1. In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia. BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification.

Read more on BlackBull Markets »
4.6/5 in this category

Pros & Cons

  • ECN/NDD execution model with deep liquidity
  • Institution-grade pricing for retail traders via proprietary price aggregation
  • ZuluTrade and Myfxbook for social trading
  • Leverage of up to 1:500
  • Limited deposit options


In Summary Highly regulated, choice of fixed or floating spreads

AvaTrade was founded in 2007 and their headquarters are based in Ireland. This reputable and trusted forex broker is regulated in various counties around the world. Starting with their home country of Ireland, the broker is regulated by the Central Bank of Ireland. Furthermore, they are regulated in Australia by the Australian Securities and Investments Commission, in the British Virgin Islands, AvaTrade is regulated by the highly regarded FSC, in South Africa, the South African Financial Sector Conduct Authority, and in Japan they hold two different licences from two regulators, namely the Financial Futures Association and the Financial Services Agency. They also hold licences in Israel and the UAE.

Read more on AvaTrade »
4.5/5 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

Top Forex Brokers with Mini, Micro, & Cent Accounts

We have researched the best micro account Forex brokers so that you can choose the best Forex broker to use to start Forex trading in a beginner-friendly and competitive trading environment. We also outline the benefits of a micro account Forex and assist you in deciding between a micro vs. standard option.

What is a Micro Account?

Beginner traders often ask: “What is a micro account in Forex trading?”. A micro account is the best option for new retail traders to learn how to trade. It is one of the three account types which Forex brokers offer and is often called a “cent account”. The other two being standard and mini. It is ideal for exposure to live trading conditions without risking much capital. A $100 deposit often suffices to learn how to trade Forex in a micro account. Advanced and professional traders may also use a micro account to test a new trading strategy, an expert advisor (EA), or another automated trading strategy. In a micro account, 1.0 lot equals just 1,000 currency units, and a 0.10 lot transaction, the minimum transaction size, totals ten currency units. A Forex micro account, also known as a micro cent Forex account, is not available at all Forex brokers.

While a micro account remains an excellent choice for new traders to learn or experienced traders to test, the profit potential is limited. Many brokers who provide micro accounts grant the highest leverage possible, in some cases 1:2000. Before new traders jump at such an offer, it works both ways. Leverage can magnify profits tremendously, but it does the same to losses. Risk management protects against losses, but regrettably, most traders fail to implement it. Before depositing any account type, I highly recommend that new traders learn about psychology and risk management before proceeding. How much money do I need to start trading Forex is another matter which beginner traders should consider before starting trading with real money.

Micro vs. Standard Account

All brokers offer a standard account, where 1.0 lot equals 100,000 currency units. The minimum transaction size is 0.01 lots, or 1,000 units, the same as 1.0 lots in a micro / cent account. Traders in a Forex micro account have significantly more flexibility, as they can transact 0.10 micro-lots. It offers an advantage, especially to traders who take multiple positions in the same asset. The pip value in a standard account, if the base currency is in US Dollars, and the quote currency is also in US Dollars, is $10. It decreases to $1 in a mini account and lowers to $0.10 in the micro alternative. With the smallest transaction size in a micro account at 0.10, unlike 0.01 in the standard one, the pip value is $0.01. It is why some refer to it as a micro cent account Forex.

New traders should opt for a Forex micro vs. standard account, as it allows them to learn how to trade with a minor capital commitment but in a live trading environment. While the minimum transaction size in a standard account is 0.01 lots, or 1,000 currency units, in a micro account, it is 0.10 micro lots or 100 currency units. Therefore, the minimum pip value decreases from $0.10 to $0.01, granting increased flexibility. It may not appear as a significant difference on paper but is immediately notable in a live trading environment. Once managing multiple orders, traders will swiftly recognize the benefits of a Forex micro vs. standard account. The lower pip value allows new traders to operate a portfolio longer, increasing the educational value. When learning how to trade, initial losses are a normal development along the process. In using a Forex micro vs. standard account, new traders boost their longevity by ten times. The lower minimum deposit requirements also ensure all types of traders have access to the most efficient form of learning how to trade.

Another notable benefit when using a Forex micro vs. standard account is the ability to test algorithmic and automated trading solutions or expert advisors (EAs). The rising popularity of autonomous trading and the benefits a Forex micro vs. standard account provides, to new and seasoned traders alike, results in more Forex brokers offering micro as an option to their trading accounts selection.

Bottom Line

When evaluating a Forex micro vs. standard account, new traders should always opt for the former. It remains the best option to learn how to trade, work on trading psychology, risk management, and trading strategies while avoiding the “demo account trap” that leads most traders to lose their capital.

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


What is a cent account in Forex trading?


A cent account in Forex allows traders to transact in micro lots, with the smallest possible size of 0.10. The pip value of a 0.10 lot trade in a micro account is just $0.01, hence the name cent account.

What is a micro account in Forex?


A micro account in Forex is the more commonly used name for a cent account. It grants traders exposure to pip values as low as $0.01, allowing traders to manage smaller portfolios of sub-$100 effectively. They are ideal for new traders to learn and for seasoned traders to test new strategies.

What is the best leverage for a micro account?


Most Forex brokers offer 1:500, while some grant an improvement to 1:1000 and even 1:2000. The most critical aspect of leverage remains risk management and the strict implementation of it.

Can I trade Forex with $10?


While it is possible to trade with $10 in a micro account in Forex, I recommend no less than $100. Traders with less than $1,000 should always consider the advantages of micro vs. standard. Most brokers have a limitation on the maximum balance allowed in a micro account before upgrading to a mini or standard alternative.

Can I trade Forex with cents?


Yes, you can trade Forex as small as 10 cents per pip, but even if you profit, it is probably going to be very little.

Is a cent account profitable?


Whether you use a cent account or another differently sized account, it will not have any effect upon your profitability.

What is the minimum lot size for a cent account?


The minimum lot size for a cent account is 0.01 lots, which is equal to 1 micro-lot.

What is an MT4 cent account?


An MT4 cent account is a cent account, allowing trading in minimum lot sizes of 0.01 lots, which can be traded with the MetaTrader 4 trading platform.

Huzefa Hamid
About Huzefa Hamid

I’m a trader and manage my own capital. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. Today, I am also a Senior Analyst for I began trading the markets in the early 1990s, at the age of sixteen. I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. The 1990s were a bull market, so naturally, I made money. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators. Having this first-principles approach to charts influences how I trade to this day.