Forex Brokers for Small Accounts

  1. What Is a Small Trading Account?
  2. Top 5 Forex Small Account Brokers
  3. How to Grow a Small Forex Account?
  4. How to Trade Forex with a Small Account?
  5. Forex Small Accounts Brokers List

What Is a Small Trading Account Broker?

Small Trading Account Broker allows traders to start trading with a low minimum deposit, thus lowering risks and limiting potential losses. Small Trading Accounts are considered accounts below $1,000 and even less investment. Some Brokers offer even accounts with a small initial deposit of $1.

  • Forex small accounts are especially suitable for beginner traders. Those who have just started in forex will be more comfortable and safer if they learn and experiment with minimized risks
💰 Minimum size$1
📈 Trading InstrumentsSome instruments might be unavailable
🎓 Trading LevelsBeginner, Intermediate

What is Small Trading Account Platform?

Many brokers offer small trading accounts through their online trading platforms like many offer to strart with 100$ only. So in order to choose the approriate broker and platform you should check broker’s offerings as well its reliability, since trading platform is just a software replicating Broker trading conditions.

Here are some important notes regarding small account trading and small account platforms:

  • Small Accounts are typically offered as micro account with 1,000 units of currency base or nano accounts with 100 units of currency base. These account types are geared towards ordinary traders who are just dipping their toes into the Forex Market.
  • Most small accounts do not have minimum deposits, so traders can start trading with a nominal deposit as small as $1.
  • However, a small trading account has also some disadvantages: it does not give full exposure to the market. With small accounts, it is sometimes impossible to trade certain instruments. Besides, with smaller accounts, some strategies will not be applicable. For small accounts one of the best strategies is scalping.
  • Trading with a small amount takes a lot of effort and time for the results to show. Many traders prefer to use higher leverages for quicker results. Yet, leverage is a dangerous tool, and it should be used wisely, otherwise can lead to risking the whole investment. Read also Forex Brokers for Large Accounts.
  • The risks involved with forex trading are kept low with small accounts due to the low trade volumes and deposits, however, traders should be aware of scam forex brokers offering too small deposits and always check their reliability
Small Account AdvantagesSmall Account Disadvantages
Less Risky Lower Returns on Investment
Suitable for Beginners or Proffesionals who want to try new StrategiesAsset Avavilability can be Limited
Low Minimum Deposits Strategy Limitation

Top 5 Forex Small Account Brokers

Here is our selection of the Best Forex Small Accounts Brokers. Based on our experience and extensive research we have come up with only trustworthy Forex Brokers with good standing and favorable offerings to keep your investments safe also Brokers that allow account opening with a small deposit:

  • HFM — Best Overall Small Trading Account Broker 202
  • BlackBull Markets — Best Small Trading Account Broker for Beginners 2024
  • FP Markets — Bets Low Spread Small Trading Account Broker 2024
  • Eightcap — Best Platform Small Trading Account Broker 2024
  • BDSwiss — Best EAs Small Trading Account Broker 2024

How to Grow a Small Forex Account?

It might be a tricky task to grow a small account. So, growing a small account might be time-consuming and it depends on the strategy, one of the popular ones will be scalping and strategies with lower risks.

How to Trade Forex with a Small Account?

Small accounts do not allow a wider market exposure, as a result small accounts are harder to grow, so it is essential to keep a balance between strategy, accounts, and instruments, also not risking full investment. Besides the list of the top brokers provided, we also recommend small account with OANDA, FBS, and FxPro.

What is Smallest Amount to Trade Forex?

In fact, the smallest amount to start trading is as low as $1. However, having sufficient funds in your trading account is essential for realizing optimal returns on investment.

What is the Best Forex Broker in USA for Small Accounts?

In order to trade in US, brokers have to be registered by local authorities since USA imposes strict rules banning international and foreign brokers. Among US-regulated Brokers with small account are OANDA, IG, Forex.com.

List of Brokers with Small Accounts

This is the list of the Brokers suitable for small accounts opening that we have found reliable and with good standing:

Broker Detail
HFM Logo HFM
Min. Deposit: 0 US$
Max. Leverage: 1:2000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, cTrader, BlackBull Trade, Trading View
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
3
FP Markets Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB, CySEC, FCA
4
Eightcap Review
BDSwiss Review BDSwiss
Min. Deposit: 10 US$
Max. Leverage: 1:400 | 1:2000
Trading Platforms: MT4, MT5, BDSwiss Webtrader, and BDSwiss Mobile App
Regulation: FSC, FSA, FSCA, MISA
5
BDSwiss Review
GO Markets
Min. Deposit: 0 US$
Max. Leverage: 1:30, 1:500
Trading Platforms: MT4, MT5, cTrader, WebTrader
Regulation: ASIC, CySEC, FSC, FSA
GO Markets Review
Errante Review Logo Errante
Min. Deposit: $€50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader
Regulation: CySEC, FSA
Errante Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
Pepperstone Review
KCM Trade Review KCM Trade
Min. Deposit: 500 US
Max. Leverage: 1:400
Trading Platforms: MT4, MT5, KCM Trade WebTrader
Regulation: ASIC, FSA
KCM Trade Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review