What is the minimum deposit for forex?

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What is the minimum deposit for forex?

Home » Broker » Best of Forex Brokers » 20 Best Forex Brokers with $1 Minimum Deposit  (Reviewed) 2022

20 Best Forex Brokers with $1 Minimum Deposit  (Reviewed) 2022

forex-brokers-with-minimum-$1-deposit

One of the criteria most traders look at before opening an account with a forex broker is therequired minimum deposit. The required Minimum Deposit may improve important to investors in a multitude of ways, and here is why. Reputable, Regulated forex brokers will offer traders quite a variety of account types and the expectations and targets of investors may be considerably different. It is crucial for the competition to offer a selection of accounts which is appropriate for all types of investors.

There are hundreds offorex brokers who offer investors the promise of a low minimum deposit, but which one is the best?

All traders aim to choose the best forex broker for their own specific trading style and needs. Reading reviews and asking questions may prove to not be enough. Brokers who come to investors with a good offer may deserve a try, but not without the needed due diligence. The Average minimum deposit amount is $100 but traders can start trading with as little as $1.

Why is this beneficial? Traders can evaluate the brokers service quality, confirm the execution speed, see if the spread is widening and test new strategies. Traders should also test the withdrawal process and if satisfied, continue to fund with a higher amount.

In the list below are forex brokers with low minimum deposit requirements.

Here is an overview of the 20 Best Forex Brokers and Trading Platforms that offer a $1 Minimum Deposit.

Top 10

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FBS

Over 16 000 000+ Traders

Overall Rating

4.7/5

Rated #71 of
Recommended FX Brokers

Minimum Deposit

USD 1

Regulators

IFSC, FSCA (south africa), ASIC, CySEC Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader  all in one mobile trading pltform, CopyTrade Crypto

Yes

Total Pairs

250

️

Islamic Account

No

Trading Fees

Low

Welcome bonus

$140 (Find out More) Account Activation Time

24 Hours️ Visit Broker

FBSOpen a Real Account

FBS is a Forex and CFD broker which is authorized and regulated by the International Financial Services Commission (IFSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC). FBS offers users the option to trade on Forex, Indices, Stocks, Metals, and Energies on the MetaTrader 4, MetaTrader 5, and FBS Trader trading platforms for PC, Mac, Web, Android and iOS with a maximum 1:3000 leverage, copy trading services and a range of bonus promotions.

Five different trading accounts are available  Cent, Micro, Standard, Zero Spread, and ECN. Each account offers different features and benefits respectively. A demo trading and swap-free accounts are also available.

Customer Support is available 24/7 via a Call-back service, online Live Chat, Telegram, Viber, and Facebook Messenger.

Roboforex

RoboForex Broker Review

Overall Rating

4.7/5

Rated #57 of
Recommended FX Brokers

Minimum Deposit

USD 10

Regulators

IFSC Trading Desk

MetaTrader 4 Crypto

Yes

Total Pairs

32

️

Islamic Account

No

Trading Fees

Low Account Activation Time

24 Hours️ Visit Broker

RoboforexOpen a Real Account

Roboforex is an online, global broker which was founded in 2009 and offers traders Forex and CFDs trading. Roboforexis authorized andregulatedby the International Financial Services Commission (IFSC) with license number IFSC/60/271/TS.

When starting off with Roboforex traders will need to make a minimum deposit of $1 and there is an option available for a demo account for those who would like to get acquainted with the platform. Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairs. Roboforex offers over 100 instruments and over 35 currency pairs in total.

Roboforex offers tradersboth of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform developed for traders. Roboforex also offers mobile apps for Android and iOS.

Roboforex Trading benefits:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Roboforex Trading Accounts include  Demo, Micro, Mini, Standard, Zero, ECN, STP and Islamic.

Customer support is available via phone, Webchat, WeChat, Skype, Viber, Telegram, Facebook chat, WhatsApp, email, and a call-back request.

Exness

Overall Rating

4.9/5

Rated #2of
Recommended FX Brokers

Minimum Deposit

$10

Regulators

CySEC, FSA, FCA, FSCA, FSC, and the Central Bank of Curaçao and Sint Maarten Trading Desk

MetaTrader 4,MetaTrader 5 Crypto

Yes Total Pairs

97

️

Islamic Account

Yes

Trading Fees

Low Account Activation Time

24 Hours

️ Visit Broker Website

ExnessOpen a Real Account

Exness is authorized by the Financial Services Authority (FSA) of Seychelles and was founded in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS and the Exness Web Terminal.

Exness offers traders 5 different trading accounts to choose from. Standard Accounts include the Standard and Standard Cent. Professional Accounts include Raw Spread, Pro and Zero. Demo accounts and Islamic swap-free accounts are also available. Exness offers over 105 different instruments to trade, including over 103 currency pairs.

Exness supports a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.

Admiral Markets

Admiral Markets Broker Review

Overall Rating

4.2/5

Rated #214of
Recommended FX Brokers

Minimum Deposit

USD 1

Regulators

MiFID Trading Desk

Crypto

Yes

Total Pairs

️

Islamic Account

No

Trading Fees

Low Account Activation Time

24 Hours️ Visit BrokerOpen a Trading Account

Admiral Marketsis an online broker which was founded in 2001 and offers Forex and CFDs trading, is globally recognized and has a head office based in the UK. Traders can sign up for ademo accountand trades in over 148 instruments and over 40 currency pairs.

Admiral Markets is authorized andregulatedby the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Estonian Financial Supervision Authority (EFSA).

Admiral Markets Trading benefits include:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

Admiral Markets Trading Accounts Offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • STP account

Admiral Marketsoffers both of the MetaTrader platforms; MT4 and MT5 and mobile apps for Android and iOS. Admiral Markets offers multilingual customer support via Telephone, Live Chat and Email.

NordFX

Overall Rating

4.3/5

Rated #139of
Recommended FX Brokers

Minimum Deposit

USD 10

Regulators

VFSC Trading Desk

MetaTrader 4 Crypto

Yes

Total Pairs

33

️

Islamic Account

No

Trading Fees

Low Account Activation Time

24 Hours️ Visit Broker

Nord FXOpen a Trading Account

NordFX is a forex broker located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC). NordFXoffers Forextradingwith specificaccountsfor each type of trader, including Zeroaccountswhich offers spreads from 0 pips, while the Crypto account offers optimal cryptocurrencytrading. Types of trading accounts are  Fix, Pro, Zero, and Stocks.

Trading instruments on offer ranges from more than 30 currency pairs, the popular precious metals gold & silver, 11 major cryptocurrency pairs, plus CFDs based on Brent oil and stock indices such as Dow Jones 30, S&P 500, DAX 30, NASDAQ 100, and NIKKEI 225.

NordFX offers customer support via Email, Telephone and a 24/5 Live Chat function plus an Online Contact Form available on their website.

IQ Option

IQ Option Broker Review

Overall Rating

4.7/5

Rated #247of
Recommended FX Brokers

Minimum Deposit

$10

Regulators

CySEC Trading Desk

Own Platform Crypto

Yes

Total Pairs

29

️

Islamic Account

Yes

Trading Fees

Low Account Activation Time

24 Hours

️ Visit Broker

iqoptionOpen a Trading Account

IQ Option is a forex & binary options broker with offices based in the UK, Cyprus, and Seychelles, and regulated by the FCA and CySEC. IQ Option offers traders three trading account to choose from, Retail, Professional and Demo.

IQ Option offers the following underlying assets for FX trading.90+ Currency PairsBased on major and minor world currencies.17 Crypto PairsBased on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, Dash, Zcash, Qtum, Cardano, OmiseGo, Stellar, EOS, IOTA, NEO, NEM, TRON.5 Indices CFDsBased on baskets of different blue-chip stocks.3 Metal CFDsBased on Gold, Silver and Platinum.2 Energy CFDsBased on Crude Oil (WTI, Brent).1 Soft CFDBased on Wheat.130+ Stock CFDsBased on shares of US, UK and EU companies.28+ ETF CFDsBased on exchange-traded funds containing various tradable assets.

IQ Option offers the following underlying assets for Binary Options trading(unfortunately, not available for EU residents).30+ Currency PairsBased on majorand minor world currencies.2 Indices BOsBased on DFMGI, TelAviv-25.2 Metal BOsBased on Gold and Silver.20+ Stock BOsBased on shares of US companies.

Payment methods accepted include all the usual options like VISA, MasterCard, Skrill and Neteller, plus a range of other online money transfer services, including AstroPay, Qiwi, and WebMoney. IQ Options trading platform is web-based and supports both binary options and forex & CFD trading within the same user interface.

Customer support is available 24/7 via email and local phone numbers in 13 countries.

XTB

Best UK Forex Brokers XTB

Overall Rating

4.6/5

Rated #69of
Recommended FX Brokers

Minimum Deposit

USD 250

Regulators

FCA, CySEC, IFSC, KNF Trading Desk

No Trading Desk Crypto

Yes Total Pairs

48

️

Islamic Account

Yes

Trading Fees

Low Account Activation Time

24 Hours️ Visit Broker

XTBOpen a Real Account

XTB is a European broker which was founded in 2002 and has offices in 13 countries across the globe. XTB is regulated by the UK Financial Conduct Authority (FRN 522157) and has been listed on the Warsaw Stock Exchange since 2016.

XTB is a fintech company that combines financial services with innovative technology and it offers clients two platforms to choose from:

  • xStation 5
  • MT4

Traders can choose from 25 crypto CFDs (9 individual coins or 16 crypto pairs) which are available 7 days a week (from 3am Saturday to 9pm Friday). Traders can buy or sell digital coins with 2:1 leverage and 365-day expiry.

Trading Features:Accounts offered:Funding methods:Allows scalpingDemo accountCredit cardsAllows hedgingMicro accountBank TransferOffers STPMini accountPayPalLow min depositStandard accountSkrillGuaranteed stop lossIslamic accountPayoneerOffers Negative Balance ProtectionNeteller

XTB supports a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

IG

IG Group was founded in 1974 and is regulated by the Financial Conduct Authority (FCA) in the U.K. and the Australian Securities and Investment Commission (ASIC) in Australia.

The country of a traders residency will determinewhichaccount type they can open.In most countries, they will only be able to trade forex, CFDsand options. Traders can choose between two trading platforms, IGs proprietary trading platform or MetaTrader 4.

IG offers the following education resources:

  • Demo account
  • Platform tutorial videos
  • General educational videos
  • Webinars
  • Live sessions

Customer Service is available 24/7 via Phone, Live Chat and Email.

InstaForex

Instaforex Broker Review

Overall Rating

4.8/5

Rated #40 of
Recommended FX Brokers

Minimum Deposit

USD 1

Regulators

CySEC, FSC Trading Desk

MetaTrader 4 Crypto

Yes Total Pairs

4

️

Islamic Account

Yes

Trading Fees

Low Account Activation Time

24 Hours️Visit Broker

InstaForexOpen a Real Account

InstaForex is an international brokerage brand regulated by CySEC and BVIFSC. InstaForex has five different account types on offer, including:

  • Standard
  • Eurica
  • ECN
  • ECN Pro
  • Scalping

A Demo account is also made available. All Accounts available are partnered with the ever-popular MetaTrader4 trading platform.

Assets available for trade include:

  • 110+ Currency Pairs
  • 5 Crypto Pairs
  • 7 Indices Cash CFDs
  • 5 Metal Spot CFDs
  • 3 Metal Futures
  • 7 Energy Futures
  • 14 Soft Futures
  • 90+ Stock CFDs

Customer Support is made available via WhatsApp to Telegram, Viber to Skype and multiple other technical support avenues.

Top 10

CMC Markets

Best UK Forex Brokers CMC Markets

Overall Rating

4.7/5

Rated #227of
Recommended FX Brokers

Minimum Deposit

USD 0

Regulators

FCA, ASIC Trading Desk

Crypto

Yes

Total Pairs

300

️

Islamic Account

No

Trading Fees

Low Account Activation Time

24 Hours️ Visit BrokerOpen a Trading Account

Regulation: ASIC, FSPR, FMA, IIROC, FCA, MAS

Broker type: STP | ECN

Leverage: up to 1:500 for AU and NZ clients (1:30 for EU and most other clients)

Platforms: MetaTrader4,SpecificFIX API (protocol)

Instruments: Currencies,Indices,Metals,Energies,Softs,Stocks,Bonds,ETFsInterest

Rates

CMC Markets is a leading online financial trading company regulated in the UK, Germany, Canada and Australia.

Accounts on offer:

  • Spread Betting
  • CFD Trading

Assets available for trade:

  • 35+ Currency Pairs
  • 32 Indices CFDs
  • 6 Metal CFDs
  • 5 Energy CFDs
  • 19 Soft CFDs
  • 19 Bond CFDs
  • 8000+ Stock CFDs
  • 1000+ ETF CFDs
  • 4 Interest Rate CFDs

Customer Support is available via phone, live chat, and email.

Axitrader

A review about Axi

Overall Rating

4.6/5

Rated #70 of
Recommended FX Brokers

Minimum Deposit

USD 5

Regulators

FCA, ASIC, DFSA Trading Desk

MetaTrader 4 Crypto

Yes Total Pairs

66

️

Islamic Account

Yes

Trading Fees

Low Account Activation Time

24 Hours️ Visit Broker

AxiOpen a Real Account

Regulation: ASIC, FCA, DFSA

Broker type: STP, ECN

Leverage: up to 1:500

Platforms: MetaTrader4

Instruments: Currencies,Crypto,Indices,Metals,Energies,Softs

Axitrader is an online forex brokerage regulated by entities in Australia, the UK, and Dubai, in addition to an unregulated entity in Saint Vincent and the Grenadines.

Assets available for trade include:

  • 80+ Currency Pairs
  • 6 Crypto Pairs
  • 12 Indices Cash CFDs
  • 11 Indices Futures
  • 18 Metal Spot CFDs
  • 1 Metal Future
  • 2 Energy Spot CFDs
  • 3 Energy Futures
  • 3 Soft Futures

Customer Support is available via phone, live chat and phone.

Libertex

Libertex Broker Review

Overall Rating

4.7/5

Rated #251of
Recommended FX Brokers

Minimum Deposit

$10

Regulators

CySec, FSCA Trading Desk

MT4, MT5, Libertex Web platform Crypto

Yes

Total Pairs

70 crypto-pairs

49 forex pairs (usdzar as well)

5 metals

26 Indices

130 stocks

6 oil and gas

6 agriculture assets

️

Islamic Account

Yes

Trading Fees

Low Account Activation Time

24 Hours️ Visit Broker

LibertexOpen a Trading Account

Libertex is a popular online forex and CFD broker regulated and authorized by CySEC (the Cyprus Securities & Exchange Commission).

Account Types on offer include:

  • Demo
  • Real

Real Account Statuses:

  • Gold Status
  • GoldPlus Status
  • Platinum Status
  • VIP Status

Assets available for trade:

  • 49 Currency Pairs
  • 100 Stocks
  • 41 Cryptocurrencies
  • 5 Metals
  • 18 Indices
  • 6 Agricultural Assets
  • 5 Oil/Gas Instruments
  • 10 Etfs

Customer Support is available via Email, Phone, Facebook and Twitter.

Rakuten Securities

Overall Rating

4.5/5

Rated #501of
Recommended FX Brokers

Minimum Deposit

USD 50

Regulators

AFSL Trading Desk

MetaTrader 4 Crypto

Yes

Total Pairs

️

Islamic Account

No

Trading Fees

Low Account Activation Time

24 Hours️ Visit BrokerOpen a Trading Account

Regulation: ASIC, SCM, SFC, JFSA

Broker type: MM | STP

Leverage: up to 1:400

Platforms: MetaTrader4

Instruments: Currencies,Indices,Metals

Rakuten Securities is an online brokerage registered and regulated locally in all four jurisdictions it has operations.

Assets available for trade include:

  • 40+ Currency Pairs
  • 10 Indices CFDs
  • 2 Metal Spot CFDs

FxGlory

Broker type: MM

Leverage: up to 1:3000

Deposit: from 1 USD

Platforms: MetaTrader4

Instruments: Currencies,Metals,Energies

FxGlory isa legally registered, offshore brokerage located in Saint Vincent and the Grenadines.

Three account types are available:

  • Standard Account
  • Premium Account
  • VIP Account

Assets available for trade include:

  • 40+ Currency Pairs
  • 8 Metal Spot CFDs
  • 1 Energy Future

Customer Support is available 24/7 via phone and email respectively.

Binary.com

Regulation: MSFA, LFSA, BVIFSC, VFSC, FCA,ACPR,BaFin,CONSOB, CNMV, FI

Broker type: STP, Binary

Leverage: up to 1:1000 (1:30 for EU clients)

Platforms: MetaTrader5,Binary Platform

Instruments: Currencies,Crypto,Indices,Metals,Energies

Assets available for trading  FX:

  • 50+ Currency Pairs
  • 7 Crypto Pairs
  • 1 Indices Cash CFD
  • 4 Metal Spot CFDs
  • 2 Energy Spot CFDs

Assets for Binary Options trading(unfortunately, not available for EU residents):

  • 50+ Currency Pairs
  • 4 Currency Indices BOs
  • 7 Volatility Indices BOs
  • 28 World Indices BOs
  • 4 Metal Spot BOs
  • 1 Energy Spot BOs

Binary.com accepts global clients, excluding USA, Canada and Hong Kong.

Fibo Group

A review about FIBO Group

Overall Rating

4.7/5

Rated #199of
Recommended FX Brokers

Minimum Deposit

USD 50

Regulators

CySEC Trading Desk

Crypto

Yes

Total Pairs

️

Islamic Account

No

Trading Fees

Low Account Activation Time

24 Hours️ Visit Broker

Fibo GroupOpen a Trading Account

Regulation: CySEC, BVIFSC

Broker type: STP | ECN

Leverage: up to 1:1000

Platforms: MetaTrader4,MetaTrader5,cTrader

Instruments: Crypto,Indices,Metals,Energies,Softs,Stocks

FIBO Group is a Forex Broker with 6 offices around the world, including in cities like Shanghai and Munich.

Assets available for trade:

  • 35+ Currency Pairs
  • 9 Crypto Cash CFDs
  • 8 Indices Futures
  • 2 Metal Spot CFDs
  • 3 Metal Futures
  • 4 Energy Futures
  • 4 Soft Futures

TIO Markets

Overall Rating

4.5/5

Rated #63 of
Recommended FX Brokers

Minimum Deposit

USD 50

Regulators

FCA Trading Desk

MT4, MT5 Crypto

Yes Total Pairs

70

️

Islamic Account

Yes

Trading Fees

Low Account Activation Time

24 Hours️ Visit Broker

tio marketsOpen a Real Account

Regulation: FCA

Broker type: STP, ECN

Leverage: up to 1:200

Platforms: MetaTrader4,MetaTrader5

Instruments: CurrenciesCryptoIndicesMetalsEnergiesStocks

TIO Markets is a CFD & forex broker subject to regulations from the European Securities and Markets Authority (ESMA).

Assets available for trade include:

  • 20+ Currency Pairs
  • 3 Crypto Pairs
  • 10 Indices Cash CFDs
  • 1 Indices Future
  • 3 Metal Spot CFDs
  • 3 Energy Spot CFDs
  • 2 Energy Futures
  • 20+ Stock CFDs

Customer Support is made available via live chat, telegram or email.

OANDA

Best USA Forex Brokers OANDA

Overall Rating

4.9/5

Rated #194of
Recommended FX Brokers

Minimum Deposit

USD 0

Regulators

FCA, CFTC, ASIC, FSC, BVI and IIROC Trading Desk

MetaTrader 4 (MT4)

MetaTrader 5 (MT5) Crypto

Yes

Total Pairs

45

️

Islamic Account

No

Trading Fees

Low Account Activation Time

24 Hours️ Visit Broker

OANDAOpen a Real Account

OANDA is a globally regulated Forex and CFD broker which also provides corporate Forex solutions and currency conversion. Users have the choice to trade on Forex, Indices, Metals, Commodities and Bond CFDs on the brokers own proprietary trading platform for desktop, web and mobile, as well as on MetaTrader4.

OANDA is the most Regulated Forex Broker and operates across six of the most credible authorities including:

  • Australia AISC (Australian Securities and Investments Commission)
  • United States CFTD (Commodity Futures Trading Commission)
  • Europe and UK FCA (Financial Conduct Authority)
  • Japan IFFA (Institute Financial Futures Association)
  • Singapore MAS (Monetary Authority Of Singapore)
  • Canada IIROC (Investment Industry Regulatory Organization of Canada)

OANDA has 2 accounts on offer: a Standard Account and Premium Account. Each account comes with their own unique features and benefits. A free demo trading account is also on offer.

Customer support is available via a FAQ section, an OANDA Virtual Assistant and phone.

FXCM

FXCM Broker Review

Overall Rating

4.6/5

Rated #26 of
Recommended FX Brokers

Minimum Deposit

USD 300

Regulators

FCA, FSCA Trading Desk

MetaTrader 4, Trading Station Crypto

Yes Total Pairs

7

️

Islamic Account

Yes

Trading Fees

Low Account Activation Time

24 Hours️ Visit Broker

FXCMOpen a Real Account

Forex Capital Markets Limited or FXCM is a Spread Betting, CFD and Forex trading broker, authorized and regulated by the UK Financial Conduct Authority under the Forex Capital Markets Limited and is part of the Leucadia Company, which offers users the ability to trade on Forex, Forex Baskets, Indices, Commodities and Crypto on its own proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader4, NinaTrader and ZuluTrade.

FXCM offers traders 4 main types of trading accounts to choose from, including Spread Betting, CFD Trading, Active Trader and Professional Clients. A Free Demo account is also made available.

Customer Support is available via Live Chat, Phone, Email and SMS.

Alpari

Alpari Broker Review

Overall Rating

4.7/5

Rated #70 of
Recommended FX Brokers

Minimum Deposit

USD 100

Regulators

FSC Trading Desk

MT4, MT5 Crypto

Yes Total Pairs

48

️

Islamic Account

Yes

Trading Fees

Low Account Activation Time

24 Hours️ Visit Broker

AlpariOpen a Real Account

Alpari International is the business name of Exinity Limited which is by the Financial Services Commission (FSC) of the Republic of Mauritius and offers traders more than 250 tradable assets across Forex, Stocks, Indices, Metals, Cryptocurrencies and Futures, across the MetaTrader suite of trading platforms.

Four main types of trading accounts are on offer: Standard MT4, Micro MT4, Pro MT4 and ECN MT4/5. A Stocks Trading account, as well as a swap-free account, the use of a free demo trading account and an Alpari Invest account is also made available.

Customer support is available 24/5 via Live Chat, Telegram, Email and phone.

Top 10

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In Conclusion

Even though a low minimum deposit may be enough to swing some traders vote when it comes to choosing a broker, multiple other factors need to be taken into account. This most important factor is regulation closely followed by the trading platforms on offer and the quality of customer service.

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Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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