Low Deposit Forex Brokers
This list provides a lineup of Forex brokers that let you open a trading account with low starting deposit. Overall, online FX brokers are characterized with quite low entry requirements for account opening compared to other types of financial trading. Brokers you will find in this table go beyond the affordable and let you register and trade with less than $100. Some of them let you trade with as little as $1. Of course, this shouldn't delude you with the myth that you can be turning $1 into $1,000 overnight. Low-deposit Forex accounts have their purpose and can be useful even to experienced speculators with significant capital.
Low minimum account size is advantageous to test the waters with the broker's live account without committing serious money. They can also be used to live-test trading strategies that require real execution conditions. You can also use low-deposit brokers to break up a bigger amount to diversify risks between multiple strategies or brokers. Needless to say, you should still be very careful even with a small trading account and always perform full due diligence on a broker before giving your trading funds to any company. You will find 109 brokers listed in the table below.
Although the benefits of opening a trading account with a low-deposit Forex broker are obvious, here is the list of valid use cases for choosing a company specifically based on modest requirements to the starting amount of money:
- You are a beginner trader and want to have a taste of live trading without risking a lot of money.
- You want to test the actual trading condition at a broker without staking too much funds.
- You want to break up your trading capital among several brokers or accounts for the sake of diversification.
- Your trading strategy relies on aggressive methods and you don't want to keep a sizable sum in broker's custody.