Forex Brokers with Micro Accounts

Written by Matthew Levy, CFA

Matthew Levy, CFA

Matthew Levy, CFA, is an experienced financial writer and content specialist with a strong background in financial services, economics, and investment analysis.

, | Updated: April 15, 2026

Opening a micro account is a suitable option for traders with limited capital. If you are looking for a trading platform that supports micro accounts, this page contains a selection of regulated brokers that facilitate forex trades starting at one micro lot. Our selection is based on several criteria, starting with the minimum deposit requirements and position-size thresholds. Additionally, we have looked into the brokers’ regulatory background, market range, supported payment methods, and pricing.

1Plus500 US

Rating: 4.2 ⭐

This content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.

Top Rated

2eToro

Rating: 4.2 ⭐

50% of retail investor accounts lose money

3Fusion Markets

Rating: 4.8 ⭐

74-89% of retail's CFD accounts lose money

4FP Markets

Rating: 4.9 ⭐

73.33% of retail investor accounts lose money

5BlackBull Markets

Rating: 4.8 ⭐

Trading leveraged products is risky

6Eightcap

Rating: 4 ⭐

59.57% of retail investor accounts lose money when trading CFDs with this provider.

7Global Prime

Rating: 4.7 ⭐

74-89% of retail CFD accounts lose money

8XM Group

Rating: 2.7 ⭐

72.82% of retail investor accounts lose money

9XTB

Rating: 3.5 ⭐

73% of retail investor accounts lose money

Top 10 Forex Brokers Offering Micro Accounts

1. TRADE NOW READ REVIEWTrustpilot Rating

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   1. Fusion Markets

   Established in June 2019, Fusion Markets is a retail brokerage that provides various account options with low commissions and competitive spreads. The broker operates with licenses issued by ASIC, VFSC, and SFSA. Over 250 financial instruments are tradable with this discount forex broker, including 90+ currency pairs.

   New retail customers face a choice from two main account types, Classic and Zero, both of which support trading in micro lots. The accounts have no minimum size requirements, allowing onboarding customers to start with any amount. Micro lot trading, which represents 1,000 units of the base currency, is allowed for various asset classes at Fusion Markets, including forex and metals. Various funding options are available, including bank cards, wire transfers, cryptocurrencies, and digital wallets, along with local payment methods, such as Interac and PayID.

   Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.
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   2. FP Markets

   FP Markets is a multi-licensed broking firm with a global presence and authorizations from CySEC, ASIC, SCB, and FSCA, among others. It provides direct market access through ECN accounts, which feature bid-ask spreads and commission rates that are generally lower than the industry average.

   The company offers a selection of over 10,000 tradable products, including 70 forex pairs, stocks, bonds, cryptocurrencies, and commodities. Two main account types are available, Raw and Standard, with a minimum trade size of 0.01 lots. Standard accounts enable commission-free trading with spreads from 1 pip, while Raw accounts offer lower spreads from 0 pips with a $3 commission per side, per standard lot.

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.33% 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.
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   3. BlackBull Markets

   BlackBull Markets is an online broker operating under the regulatory oversight of New Zealand’s FMA and Seychelles’ FSA. As many as 26,000 tradable symbols are available, including thousands of stock CFDs, 70 currency pairs, 13 indices, 11 commodities, and over 20 cryptocurrencies. While the broker does not offer dedicated micro accounts, trading in micro lots is available.

   The minimum order you can place generally starts from 0.01 lots (1,000 units), although the threshold may be higher for specific markets. The maximum tradable amount is 150 lots for major forex pairs and 50 lots for XAU/USD. ECN Standard accounts and ECN Prime accounts have no specific requirements for minimum deposits. High-volume traders can register Prime+ accounts to receive various commission rebates. Most supported payment methods require a deposit of at least $50, although the threshold is significantly lower for bank transfers at $1.

   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.
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   4. Eightcap

   Eightcap has been serving customers for over 15 years, providing no dealing desk order execution and competitive spreads for over 800 financial markets. The broker operates with authorization from several regulators, including CySEC and ASIC. Customers can choose from three account types: Raw, Standard, and TradingView.

   All three account options facilitate trades from 0.01 to 100 lots and require starting deposits of $100. If you are looking for lower spreads and direct market access, we recommend you register a commission-based Raw account as spreads here start from 0.0 pips. However, Raw accounts incur a $3.50 commission per side, per standard lot. Commission-free trading with minimum spreads from 1.0 pip is available to customers with Standard and TradingView accounts.

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% 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.
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   5. Global Prime

   Global Prime uses a pricing structure characterized by low spreads and competitive commissions, which are common requirements for small-scale traders. The broker’s fees and trading conditions are designed to accommodate different account sizes. Regulated in Australia and Vanuatu, this no-dealing-desk broker facilitates trading in over 150 financial markets, offering spreads from 0.0 pips for major currency pairs.

   Standard and Raw accounts at Global Prime both support minimum trades of 0.01 micro lots, with a ceiling of 1,000 lots per transaction. Standard accounts have no commissions but have slightly higher spreads compared to Raw accounts, where a $3.5 commission per side is in place. Both account types allow for scalping and hedging.

   There are no minimum account size requirements or additional fees on deposits at Global Prime. Customers can fund their live accounts with cards, e-wallets like PayPal and Skrill, and cryptocurrencies. Traders from Australia and Canada can use locally available methods like POLi and Interac.

   Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017.
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   6. XTB

   Founded more than two decades ago, XTB provides online retail trading services with a focus on low transaction costs. The multi-regulated firm has a transparent pricing structure and enables commission-free trading with competitive spreads from 0.8 pips. The broker offers over 11,000 financial instruments, with a minimum transaction volume of one micro lot for forex CFDs.

   XTB has waived its minimum deposit requirements, allowing traders to open and fund an account with any amount. Deposits are free, and so are withdrawal requests exceeding €100. The broker protects customers from negative balances and stores their funds in segregated accounts at tier-one banks.

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
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   7. XM Group

   XM provides access to over 1,400 financial markets, including more than 50 currency pairs and 600 stock CFDs, allowing for portfolio diversification across all major asset classes. The broker serves retail customers from more than 190 countries with the regulatory approval of ASIC, CySEC (license number 120/10), DFSA, and the Belizean FSC.

   The company offers a choice from several account types, including Ultra Low accounts, where one micro lot corresponds to 1,000 units of the base currency and minimum spreads start from 0.8 pips on EUR/USD. Zero accounts offer minimum spreads from 0.0 pips on EUR/USD, with a $7 round-turn commission per standard lot. Both accounts have a minimum deposit requirement of $5.

   Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.82% 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.
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   8. IC Markets

   IC Markets is a suitable option for customers looking to engage in algorithmic trading through familiar platforms like cTrader and MetaTrader. Clients of this CySEC-regulated brokerage have access to raw spreads starting from zero pips for over 2,850 tradable instruments. The broker provides round-the-clock customer support in multiple languages.

   The company’s range of tradable products is accessible via Standard and Raw Spread accounts. All account types require minimum deposits of $200 and allow for micro-lot trading. The broker imposes no restrictions on trading styles, accepting scalpers, algorithmic, discretionary, and day traders at all experience levels.

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.64% 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.
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   9. Tickmill

   Tickmill offers over 600 markets across forex, cryptocurrencies, commodities, indices, and stocks. Clients looking to trade in forex can choose from over 60 currency pairs. The broker’s spreads start from 1.6 pips on Classic accounts and zero pips on Raw accounts, where a $6 round-trip commission applies. Starting deposits for both account types amount to $100.

   The minimum tradable volume for Classic and Raw accounts is set at one micro lot. Novice traders can build their knowledge by participating in webinars and in-person seminars. Free ebooks, video tutorials, infographics, and market insights are also available to Tickmill customers seeking to sharpen their trading skills.

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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    10. ActivTrades

    ActivTrades is a long-standing broker with over 23 years of experience in the online trading industry. The broker operates with licenses from the regulatory authorities of Brazil, Portugal, Mauritius, the UK, and the Bahamas, offering narrow spreads for over 1,000 tradable markets, including 54 currency pairs. Trading is possible via the broker’s proprietary ActivTrades platform. MT4 and MT5 are also supported.

    While dedicated micro accounts are currently unavailable, ActivTrades allows forex traders to open positions as small as one micro lot. Individual accounts at ActivTrades facilitate commission-free trading across most available asset classes. Onboarding customers can choose from 11 base account currencies, including EUR, GBP, USD, CHF, and SEK. Both retail and professional traders are safeguarded with negative balance protection and are eligible for enhanced investor compensation of up to €1 million. There is no minimum deposit requirement.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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.

Comprehensive Comparison of the Top 10 Forex Brokers with Micro Accounts

What Is a Micro Trading Account?

Micro accounts are suited to customers looking to trade in the forex market with limited capital and reduced risk exposure. This type of account enables you to trade in micro lots. In forex trading, the term “lot” denotes a fixed quantity of currency units tradable in batches. A standard lot comprises 100,000 currency units, whereas a micro lot equals only 1,000 units in the base currency of forex pairs.

Smaller lot sizes proportionally reduce both potential gains and losses, aiding risk management. The trading process and platforms are generally the same as those used in standard accounts, providing access to the same tools and resources.

Let’s use the EUR/USD pair to demonstrate the difference between standard and micro lots in forex trading. Quotations for the pair represent how many units of the quote currency (USD) you need to purchase one unit in the base currency (EUR). When buying this pair, you hope the euro will appreciate against the dollar.

If a broker quotes a price of 1.4000, traders will need $1.4000 to purchase a single euro. One standard lot comprises 140,000 units of the quote currency at this price. Traders would spend $140,000 to purchase €100,000, respectively. Few retail traders can afford to invest this much but the amount decreases when you trade in micro lots, in which case you need only $1,400 to buy €1,000.

Micro accounts are also widely used by experienced traders for risk management, allowing them to test new strategies with minimal capital outlay against real-time market data. The minimal trade size of 0.01 standard lots (1 micro lot) makes it possible for traders to fine-tune their position sizing and overall risk exposure more precisely than with larger account types.

Who Should Open a Micro Trading Account?

Micro accounts are suitable for budget-conscious and beginner traders due to their lower minimum trade size. This type of account gives them exposure to the foreign exchange markets without requiring them to risk substantial amounts of money. They typically have lower or no minimum deposit requirements, making markets accessible for retail traders across the board.

Seasoned traders looking to test new strategies in real-world market conditions also utilize micro accounts. Experienced traders sometimes trade in micro lots when seeking to diversify their portfolios and gain exposure to new markets with reduced risk. Micro accounts allow them to refine their strategies and adjust them if necessary based on real-market observations.

Overall, micro trading accounts provide an accessible, low-risk way to enter the market, practice strategies, and control trade sizes with precision. They suit anyone who wants to trade smaller positions and manage their risk effectively while gaining real-market experience.

Setting Up Your Micro Trading Account

Setting up a micro trading account is quick and straightforward, assuming you have already found a reliable forex broker. Click on the sign-up button to initiate the registration process and enter your personal information and residential address in the form. New customers can often sign up with their existing Google or Facebook accounts.

1. Financial Information: Fill out your financial information, including your employment status (employed, retired, self-employed), professional occupation, annual income, and source of funds. Next, you must configure your account by selecting your preferred trading platform, account type, base currency, and default leverage.
2. Client Experience Evaluation: Select a strong password to proceed to the next step. Most brokers recommend using a combination of lower and uppercase letters, special symbols, and numbers. If you intend to trade leveraged products like CFDs, some brokers will prompt you to complete a brief questionnaire to evaluate your expertise in derivative trading.
3. Identity Verification: After setting up your new micro account, you must verify your identity by uploading copies of the relevant documentation. This usually includes submitting photos of a government-issued identification document, bank statements, a bank card (front and back), and recent utility bills to confirm your permanent address. You can take the photos directly with your smartphone after scanning the QR code generated by your broker.
4. Funding Process: Once you verify your identity, you must add funds to your new micro account from the dedicated client area. Many brokers facilitate instant and fee-free deposits with familiar payment methods like credit/debit cards, bank and wire transfers, digital wallets such as PayPal, Bitcoin, and online banking. Select a deposit method, specify the amount you want to transfer, and follow the prompts to confirm the transaction.
5. Connecting Your Micro Account to a Trading Platform: You will receive unique identifiers via email to link your new micro account to your preferred trading platform. These typically include a trading account number and platform ID. Enter your email or platform ID, and the password you previously selected to access your account and start exploring the forex markets.

Overall, the steps to setting up a micro trading account are identical to those of a standard trading account. The process involves an online registration, configuring your account type and leverage, completing a compliance check, verifying your identity with documents, and finally funding the account.

Other Common Lot Sizes Available to Forex Traders

Apart from standard and micro lots, many forex brokers facilitate trading in mini and nano lots. A single mini lot comprises 10,000 units in the base currency of a forex pair, or one-tenth of a standard lot. As noted, standard lots consist of 100,000 base currency units. To proceed with the EUR/USD example from earlier, a trader must put down $14,000 to purchase €10,000 (one mini lot) at an exchange rate of 1.4000.

Cent, or nano lots, are also available at some brokers and represent the smallest possible position size in forex trading. A single nano lot equals 100 base currency units, or one thousand times less than a standard lot. A price fluctuation of one pip corresponds to a single cent when trading in nano lots. Returning to our EUR/USD example, traders will need $140 to buy €100 at a bid price of 1.4000, or one nano lot of euros.

Successful trades in micro and nano lots yield smaller profits compared to standard and mini lots. The same applies to your potential losses. Larger lot sizes require depositing more capital or using higher leverage ratios, resulting in increased risk. This is because single-pip price fluctuations are larger when trading standard and mini lots, as you can see in the table above.

Advantages of Registering a Micro Trading Account

Micro accounts allow retail traders to access the forex markets with lower capital requirements than standard accounts. Because a one-pip change in a micro lot (1,000 units) corresponds to $0.10, price fluctuations have a smaller impact on the account balance. This structure can help traders manage risk while building experience in a live market environment.

Reduced volatility allows beginners to concentrate on learning rather than worrying about significant losses. Trading with a live micro account enables you to build practical experience in real-life market conditions without depositing considerable amounts. Most micro accounts either require low starting deposits or have no minimum deposit requirements.

Last but not least, trading with a micro account allows for the application of new strategies and Expert Advisors (EAs) in a live setting with reduced financial risk compared to standard accounts.

Disadvantages of Using Micro Trading Accounts

Their smaller position size means micro accounts are unsuitable for large-scale traders seeking greater market exposure. Trading in micro lots translates into lower potential returns from successful trades, which may not appeal to a seasoned trader. Witnessing considerable balance growth will take longer this way.

Finally, we should mention the mounting transaction costs that could result from trading in micro lots. When using a smaller trade size, traders enter and exit positions more often than they may when dealing with mini or standard lots. Increased trade frequency could eat into your profits and may prevent you from meeting your goals. Spreads and commissions, as minor as they are, add up over time.

Written by M. Levy, CFA