Top Forex Brokers For Micro Accounts

Best brokers for micro accounts
Micro Account Forex is for those traders who want to trade with Micro lots rather than a full one. This brings the opportunity for clients to trade with a lower investment and margin. This is one of the best options if you are a new retail leader learning how to trade. Besides micro accounts, forex brokers also offer two other account types, namely standard and mini.

This is the most effective way to learn trading Forex using a small deposit as you explore the trading industry. It gives a real trading experience without the scare of falling into the ‘demo account trap.’ See the list below and explore your options for micro account forex brokers.

Best Forex Micro Account Brokers

Broker
Rating
Regulated
Min. Deposit
Demo
Max. Leverage
1.
Admiral Markets

FCA, CySEC, ASIC

Min $100 Deposit

1:500

Review » Visit » Visit
Terms & conditions apply
Risk warning: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Before using Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd, Admiral Markets AS Jordan Ltd or Admiral Markets Pty Ltd services, please acknowledge all of the risks associated with trading.
2.
Deriv

VFSC, FSC, IBFC

Min $5 Deposit

1 000:1

Review » Visit » Visit
Terms & conditions apply
CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
3.
ActivTrades

FCA

Min $100 Deposit

50:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.
Vantage FX

FCA, ASIC, CIMA, SIBL

Min $200 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
5.
XM Broker

ASIC, IFSC, DFSA, CySEC

Min $5 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
6.
Blackbull Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Risk Warning: 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 you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
7.
Fusion Markets

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
8.
Eightcap Review

ASIC, VFSC

Min $100 Deposit

500:1

Review » Visit » Visit
Terms & conditions apply
Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment).
9.
Libertex

CySec

Min $100 Deposit

30:1

Review » Visit » Visit
Terms & conditions apply
Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital.
10.
Capital.com

FCA, CySEC

Min $20 Deposit

30:1

Review » Visit » Visit
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Forex Micro Account Brokers Reviews

With micro account forex brokers, you will have an option to trade at a minimum cost and learn new trading strategies for experienced clients. Read some of the top forex micro account brokers reviews below to help you get started.

FXTM

FXTM Logo
This micro account forex broker was previously called ForexTime. It was founded in 2011 and continuously grew as one of the biggest forex trading platforms worldwide. Looking into its features, the broker provides an excellent display of international currencies for clients to invest in, with a collection of more than 57 currency pairings. Regulatory bodies oversee FXTM, including the Financial Sector Conduct Authority of South Africa, Financial Conduct Authority of the United Kingdom, Cyprus Securities and Exchange Commission, and the Financial Services Commission of the Republic of Mauritius.

FXTM gives its traders a commission-based and commission-free Forex account. And while you are still learning the ropes of trading, FXTM gives you access to one of the most comprehensive educational resources, including written content, a periodic table consisting of trading terminologies, and more.

FXTM Logo

Min $10 Deposit

Regulated By: FSCA, FSC, CySEC, FCA

Foundation Year: 2011

Headquarters: Cyprus


Terms & conditions apply
77% of retail CFD accounts lose money
 

XM

XM.com Logo
When it comes to micro account forex brokers, XM is one of the best options in the industry. They have a wide array of account types that can ideally fit any trading strategy. Their clients can trade lots for as small as ten units within its micro account feature through MT4 and MT5 trading avenues. A minimum deposit of $5 to get you started with a micro or a standard account.

XM has been operating in the industry for ten years now with several subsidiaries worldwide, including the UK, Cyprus, Germany, Finland, the Netherlands, Italy, Spain, Hungary, France, and Sweden.

XM.com Logo

Min $5 Deposit

Regulated By: ASIC, IFSC, DFSA, CySEC

Foundation Year: 2009

Headquarters: Limassol, Cyprus


Terms & conditions apply
Risk Warning: Forex and CFD trading involves a significant risk to your invested capital.

FXOpen

FXopen Logo
Besides micro account trading, FXOpen also has an ECN account and STP trading giving its traders some of the best possible prices in the market and a separate account if you opt to trade cryptocurrency pairs.

If you are looking into the micro trading account, you can expect to trade from as low as 0.1 micro lots or one nano lot, equivalent to 100 currency units. This is ideal for low-risk and new traders with a minimum deposit of $1 for micro trading accounts.

FXOpen Logo

Min $10 Deposit

Regulated By: FCA, CySEC, ASIC

Foundation Year: 2003

Headquarters: London, Sidney, Charlestown


Terms & conditions apply
Risk Warning: Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.

FBS

FBS logo
You might also include FBS in your list of micro account forex brokers worth considering. Being one of the top micro trading brokers, they also have standard trading accounts with a $100 minimum deposit.

Meanwhile, the minimum deposit for a micro account with FBS is $5. With this amount, it can already facilitate excellent value trading opportunities. However, such accounts are available to traders in the company’s jurisdiction except in Europe. They provide traders with a well-equipped demo account to allow them to test out the platform risk-free for an extendable 90-day period.

FBS Logo

Min $1 Deposit

Regulated By: ASIC, CySEC

Foundation Year: 2009

Headquarters: Pennsylvania, United States


Terms & conditions apply
Risk Warning: Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.

HotForex

HotForex Logo
HotForex offers a total of eight account types where you can choose from. Micro and Standard account types provided by HotForex both allow micro lot trading. The availability of eight various account types gives you a broader opportunity to make positive choices on micro trading.

As you use this micro account forex broker, expect a competitive $50 minimum deposit which can increase to $100 if you wish to opt for the standard account type. In most cases, using Hotforex will not require you to put down deposit fees. While trading with HotForex, you can use its well-trusted MT4 trading platform. And on top of all the mentioned features is the benefit of users to enjoy unlimited demo accounts for an utterly risk-free trade.

Fpmarkets Logo

Min $5 Deposit

Regulated By: FCA, FSCA DFSA, CySEC

Foundation Year: 2010

Headquarters: Mauritius


Terms & conditions apply
Risk Warning: Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.

Conclusion

Whether micro account trading is ideal for you depends on your trading objectives. Micro accounts are a good fit if you aim to have additional training experience while risking minimal capital. However, if your goal is a lower trading cost and higher profit opportunities, you might rethink your options once more. Also, remember that micro account forex brokers can also cater to experienced traders looking for new trading techniques.

Micro Account FAQs

What does a micro account mean in Forex?

Forex micro account allows traders to make transactions in micro-lots, with the smallest available size of 0.10. When you say pip value of 0.10 lot trade, it equals $0.01 in a micro account, hence the term cent account.

What does a micro account mean in Forex?

It is the same as the cent account, where it grants traders a pip value for as low as $0.01. This also allows traders to manage a smaller portfolio of sub-$100 efficiently. This type of account is best for new traders to know how it works and for veterans to explore new strategies.

What is the best leverage for micro accounts?

In most cases, forex brokers offer 1:500. Meanwhile, there are also some offering 1:1000 to 1:2000. The most crucial aspect of the leverage is still in the strict implementation of risk management.

How to make a profit out of micro forex accounts?

As you may have known, the trading amount in a micro account is smaller; however, it is suggested that you have to execute it as if the trade volume is one million dollars. You need to take it slow, calculative, and steady. As much as you want to trade daily, it is best to look at the biggest picture of micro forex trading.

What are the things to do to trade like a professional?

Besides getting rich out of investing, you also need to give utmost focus to the trading process. It is essential to build a long-term plan and be disciplined like an accountable investor through tracking your investment progress using a forex trading journal.

About James Johnson
About James Johnson

Expert in Economics, Trading, Investments and Personal Finance. Graduated in 2001 in Business Economics and Management at Harvard University. After several years of working in the foreign exchange trading industry, I co-founded Forex Online Brokers in 2015 with the aim of distributing my personal knowledge and professional experiences in the field of trading and investments in general.