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Low Minimum Deposit Forex Brokers

Written by Naylyan Nazifova
Naylyan Nazifova is a recognised expert in the online trading field. She has many publications and analysis covering forex trading, stock investing and personal finance. 
, | Updated: June 13, 2024

Forex trading is accessible to a wide range of traders, including ones who prefer placing smaller-sized orders and still trade popular currency pairs. To facilitate lower trading volumes, many forex brokers offer accounts that enable lower deposit minimums. With some brands even adopting a no-deposit minimum policy, casual traders can choose from a wide range of forex brokers.

Below, we have listed 10 of the most promising, reliable, and secure low-deposit forex brokers. The brands we have covered allow extremely low deposit limits and support multiple easy-to-use payment solutions that are especially convenient for low-limit transactions.

1Fusion Markets
Rating: 4.8 ⭐
74-89% of retail CFD accounts lose money
2FP Markets
Rating: 4.8 ⭐
73.85% of retail investor accounts lose money
3Pepperstone
Rating: 4.5 ⭐
75.5% of retail investor accounts lose money
4CMC Markets
Rating: 4.2 ⭐
71% of retail investor accounts lose money
5Admirals
Rating: 4.1 ⭐
73% of retail investor accounts lose money
6Global Prime
Rating: 4.1 ⭐
74-89% of retail CFD accounts lose money
7XTB
Rating: 3.7 ⭐
80% of retail investor accounts lose money
8BlackBull Markets
Rating: 3.6 ⭐
9Axi
Rating: 3.3 ⭐
The vast majority of retail client accounts lose money
10XM Group
Rating: 2.7 ⭐
72.82% of retail investor accounts lose money

Top 10 Brokers with Low Minimum Deposit Requirements

  1. XM is one of the leading names in the forex sector, catering to a wide range of traders. You will have the chance to top up your trading account with as little as $5, with payment methods supporting low deposits including credit/debit cards by Visa and Mastercard, e-wallets like Skrill and Neteller, as well as GPay and ApplePay. Members of XM have the chance to pick from three different account types: Ultra Low Micro, Ultra Low Standard, and XM Zero. While the minimum lot trade requirement for the Ultra Low Standard and XM Zero accounts is 0.01 where one lot equals 100,000 units, Micro account holders can trade as little as 0.1 lot with one lot estimated to be just 1,000 units.

    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.
  2. 2. XTB

    You have the chance to make your forex trading experience extremely affordable if you decide to trade with XTB. Properly regulated by top-tier authorities, XTB ensures fair and secure trading for all of its customers. When it comes to funding one’s account, XTB has not set a minimum deposit limit, allowing traders to top up their XTB balances with as much as they would like. Meanwhile, the minimum trade size for XTB clients is 0.01 lot, with a single lot being equal to 100,000 units in your base currency. To help traders handle their deposits with ease, XTB supports a wide range of payment solutions, including Skrill, PayPal, Visa and Mastercard credit/debit cards, bank transfers, and more.

    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.
  3. If you entrust Admiral Markets, recently rebranded as Admirals, with your forex investments, you can be certain that your money will be handled with care. Licensed by CySEC, the broker makes sure to provide optimal trading conditions for all of its clients. When it comes to going live with your trades, you can choose to open different accounts that include Trade and Zero options for both MT4 and MT5. While the minimum deposit required to start trading with these accounts is $100, the MT5 platform also supports an Invest MT5 account that will allow traders to deposit as little as $1. Even if you opt for accounts requiring higher deposits, you will have a standard minimum trade size of 0.01 lot (1,000 units in your base currency).

    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.
  4. Founded in 1989, CMC Markets is a trustworthy, regulated, and safe brand that offers its customers top-notch trading experiences. To allow its clients to fully control their trading sessions and the bankroll they will use for their orders, CMC Markets has no minimum for deposits. That allows traders to start with as little as they feel comfortable with and keep managing their trading balance with small deposits. Clients who have opened an account with CMC Markets will be able to fund their trading balances via bank transfers, credit/debit cards, or online banking.

    Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
  5. Global Prime strives to offer an equally accessible trading experience to all types of forex traders. That is why, both Standard and Raw account holders will have no minimum deposit requirement they need to meet to create their trading accounts. Meanwhile, both account types have a minimum trade size requirement of 0.01 lot, with the standard single lot size being 100,000 units in your account’s base currency. As the broker strives to offer competitive trading prices, Standard accounts can trade major currency pairs with spreads as low as 0.9 pips, while Raw accounts will further reduce spreads that may start as low as 0.0 pips. Depending on the methods available, you may deposit as little as $1 to your account or opt for popular options like bank cards, e-wallets, and crypto that will allow you to deposit as little as $10.

    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.
  6. Pepperstone is easily one of the current favorites of many forex traders who have picked the brand due to the great trading conditions it offers to various types of traders. Pepperstone has given its clients the freedom to determine their deposit amounts, with no specific deposit minimum imposed on account holders. That said, forex traders must make sure they have a sufficient amount in their trading accounts so they can fulfill their orders. The minimum trading size for Pepperstone clients is 0.01 lot, which equals 1,000 units in the base currency traders have picked for their accounts. The payment methods that Pepperstone clients can utilize for their deposits include credit/debit cards by Visa and Mastercard, a PayPal e-wallet, and bank transfers.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% 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.
  7. Trading currency pairs is very accessible if you open a trading account with Fusion Markets. This is one of the leading companies in the forex trading sector, offering its members some of the most competitive prices for their trades. To allow any trader to tailor their forex experience to their preferences and requirements, Fusion Markets has not imposed a minimum deposit requirement to follow. Instead, traders can choose from a variety of payment options and deposit as much as they would like. Despite the lack of a deposit limit, however, traders must keep in mind that there is a minimum trade size requirement so they need to have sufficient amounts in their balances to place orders. For forex traders, Fusion Market has imposed a minimum trade size of 0.01 lot (1,000 of your base currency).

    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.
  8. Forex traders who register with BlackBull can select from 60 different currency pairs to trade, with some of the most competitive spreads available at this broker. Since BlackBull offers the same top quality of trading to various traders, it allows its customers to choose from several account versions. Those who opt for the Standard account type can open a live account that comes with a $0 minimum deposit requirement. Supported payment methods at BlackBull include credit/debit cards by popular card issuers, e-wallets by Skrill and Netteler, cryptocurrencies, and other convenient banking solutions. While Standard traders can deposit as little as they wish, they need to make sure they have enough funds to place orders. The minimum trade size for Standard account holders is 0.01 lot, which is the equivalent of 1,000 units of your base currency.

  9. 9. Axi

    Axi had its start as a financial service provider in 2007, offering various traders a vast variety of trading instruments. Forex traders will be pleased to know that Axi covers a wide range of currency pairs, offering customers some of the lowest spreads and competitive commission rates. Before you start trading, you will be presented with three different options for your trading account. Depending on your preferences and budget, you can opt for a Standard, Pro, or Elite account. Standard and Pro traders will have no minimum deposit requirement to meet, allowing them to start trading with very reasonable amounts. The supported methods at Axi include cards by Visa and Mastercard, e-wallets by Skrill and Neteller, and bank transfers. The minimum trade size for all three accounts is 0.01 lot (1,000 units in the base currency).

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  10. When choosing a forex broker for your trading experience, it is always advisable to select a trustworthy brand. FP Markets is one of the most reliable brokers you can join and start trading numerous major, minor, and exotic currency pairs. For its forex clients, the brand offers two types of accounts: Standard and Raw. The minimum balance required to open both types of accounts is $50, which means that this is also the minimum deposit amount for members of the broker. You can choose from options like credit/debit cards, PayPal, Skrill, Neteller, and bank transfers to fund your FP Markets account and start trading. Keep in mind that for both types of forex accounts, the minimum tradable size is 0.01 lot, which is estimated to be 100,000 units of the base currency you have chosen for your FP Markets balance.

    10 per quarter for non-AU traders; 20 per quarter and notional volume of AU$1,000,000 per 4 quarters in the last 1 year 73.85% of retail CFD accounts lose money

Comprehensive Comparison of the Top 10 Low Minimum Deposit Forex Brokers

Forex BrokerMin DepositDeposit MethodsSupported CurrenciesSpreadMarketsFX PairsNegative Balance ProtectionPlatformsRegulatorsTrust Pilot Rating
1. Fusion Markets$0Visa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wireAUD, CAD, EUR, GBP, USD, THB, JPY, SGD0.9 pips Classic; 0.0 pips ZeroForex, Commodities, Indices, Crypto, US StocksOver 200Yes (ASIC entity only)MetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy TradeASIC, FSA (Seychelles), VFSC (Vanuatu)4.8 ⭐
2. FP Markets$50 (AU$100)Visa, Mastercard, Neteller, Bank Transfer, Skill, Sticpay, Fasapay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, Crypto, Apple Pay, Google Pay, Online Banking, Broker to BrokerUSD, GBP, EUR, SGD, CHF, CAD, AUD, NZD, PLN, JPY, HKD1.0 pips Standard; 0.0 pips RawForex CFDs, Shares CFDs, Metals CFDs, Commodities CFDs, Indices CFDs, Crypto CFDs, ETF CFDs70+Yes (Retail traders)MetaTrader4, MetaTrader5, WebTrader, IRESSASIC, CySEC4.8 ⭐
3. Pepperstone$0Visa, Mastercard, PayPal, Bank TransferGBP, USD, EUR, CHFFrom 0.0 pips (Razor Accounts), 1 pip (Standard Accounts)Forex, Indices, Commodities, Cryptocurrencies, Share CFDs, ETFs100Yes (Retail traders)TradingView, MT5, MT4, cTraderUK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMA4.5 ⭐
4. CMC Markets$0Visa, Mastercard, Maestro, Online Banking, Bank TransferGBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, SGDFrom 0.0 pips (UK), 0.3 pips (SG, AU), 0.2 pips (IE)CFDs on Forex, Indices, Shares, Commodities, Treasuries, Cryptocurrencies, Share baskets Investments on ETFs, Shares, Managed funds, Options, and more330+Yes (EU Retail traders)CMC Markets’ Next Generation, MetaTrader 4AFS (licenses no.238054 and no. 246381), FCA (licenses no. 173730 and no. 1706274.2 ⭐
5. Admirals$100 ($1 for Invest MT5 Account)Visa, Mastercard, Skrill, Klarna, Bank Transfer, PayPal, Neteller, iDeal, POLi, Perfect Money, CryptocurrenciesUSD, EUR, GBP, CHF, BGN, RON, PLN, HUF, HKR, CZKFrom 0.0 pips (Invest and Zero Accounts), 0.5 pips (Trade Accounts)CFDs on Forex, Indices, Stocks, Commodities, Bonds, ETFs, Cryptocurrencies82Yes (Trade and Zero MT5 /MT4 Accounts)MT4, MT5, WebTrader, MT Supreme Edition, StereoTraderCySEC (No. 201/13), ASIC (No. 410681), FCA (No. 595450), JSC (No. 57026), FSCA (No. FSP51311)4.1 ⭐
6. Global Prime$0Visa, Mastercard, PayPal, Skrill, Neteller, Gate8, Dragonpay, Fasapay, VNPay, Pagsmile, BPay, POLi, AstroPay, Bank Transfer, Interac, Perfect Money, PayID, Jeton, MiFinity, XPay, CryptoUSD, AUD, GBP, EUR, CAD, SGD, JPY0.9 pips Standard, 0.0 pips RawForex, Cryptocurrencies, Indices, Commodities, Bonds56Yes (ASIC entity only)MT4 Desktop, MT4 Webtrader, MT4 AndroidASIC (No. 385620), VFSC (No. 40256)4.1 ⭐
7. XTB$0Visa, Maestro, Mastercard, Bank Transfer, Neteller, Skrill, PayPal, Ecommpay, PayUEUR, USD, GBP, HUF, PLNFrom 0.1 pips (Pro Account), 0.5 pips (Standard Account)Forex, Stocks, Indices, Commodities, ETFs, Indices, Cryptocurrencies50+Yes (EU, UK, and MENA regions)xStation 5, xStation MobileFCA (License No. FRN 522157), CySEC (License No.169/12), FSC (FSC License No.: 000302/438), IFSC (License No.: 000302/46.), KNF (N/A), CNMV (N/A), BaFin (N/A), FSCA (N/A), FSA (N/A)3.7 ⭐
8. BlackBull Markets$0 (Standard)
$2,000 (Prime)
$20,000 (Institutional)
Visa, Mastercard, Neteller, Airtm, Skrill, Bank Transfer, HexoPay, American Express, POLi, Payment Asia, Help2Pay, FXPay, Fasapay, China Union Pay, Boleto, AstroPay, Beeteller, Bitcoin, Ethereum, Tether, Ripple, Litecoin, Bitcoin Cash, Chainlink, USD Coin, StellarUSD, EUR, GBP, CAD, AUD, NZD, ZAR, JPY, SGD0.8 pips Standard; 0.1 pips Prime; 0.0 pips InstitutionalForex, Commodities, Futures, Indices, Stocks, Cryptocurrencies70+Yes (all clients)MT4, MT5, TradingView, cTrader, MT WebTrader, BlackBull Shares, BlackBull CopyTrader, BlackBull TradeSFSA (No. SD045), FMA (No. FSP403326)3.6 ⭐
9. Axi$0Visa, Mastercard, Bank Transfer, Neteller, Skrill, AstroPay, Fasapay, Przelewy24, Boleto, Pix, Bitcoin, Ethereum, Ripple, Litecoin, Tether, StellarEUR, USD, PLNFrom 0.0 pips (Elite and Pro Accounts), 0.9 pips (Standard Account)Forex, Stocks, IPOs, Indices, Commodities, Cryptocurrencies80YesMT4 Desktop, MT4 WebTrader, Axi MobileASIC (No. 318232), FMA (No. 518226), FCA (No. 466201), FSA (St. Vincent and Grenadines)3.3 ⭐
10. XM Group$5Visa, Mastercard. Skrill, Bank Transfer, Neteller, Apple Pay, Google Pay, UnionPay, MaestroEUR, USD, GBP, JPY (Zero Account Only)From 0.0 pips (Zero Account), 0.6 pips (Standard and Micro Accounts)Forex, Stocks, Indices, Commodities, Thematic Indices50+Yes, for retail clientsMetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT$ MultiterminalFCA (ref. no. 705428), (ASIC) (ref. No. 443670), FSC (license no. 000261/397), DFSA (ref. no. F003484), CySEC (license no. 120/10), MiFID, CFTC2.7 ⭐

Popular Payment Methods Facilitating Low Deposits

Traders who have opted for more risk-reduced forex trading and have opened low-deposit trading accounts could typically choose from a wide range of payment methods that facilitate deposits of lower amounts. Of course, traders should keep in mind that the availability of the solutions we will discuss in this section depends on the banking policy of the broker as well as the country of residence of traders.

Probably the most widely accepted payment solution for forex deposits is a credit/debit card issued by Visa or Mastercard. While the minimum a trader can deposit via this method may vary depending on the deposit limits adopted by the broker, typically, card deposits can start as low as $50 and go up to $30,000 for most retail trading accounts offered by forex brokers. Usually, forex brokers impose no surcharges on deposits via bank cards, allowing traders to instantly top-up their accounts with as little funds as the broker allows.

A popular payment alternative is depositing via an e-wallet, with most forex brokers accepting payments via digital wallets powered by Skrill, Neteller, or PayPal. Usually, the minimum one can deposit via an e-wallet depends on the limits imposed by the broker but it is commonly required to deposit at least $50 to your trading account if you are using this method. With e-wallets sharing similar limits with credit/debit cards, the maximum can yet again reach up to $30,000 for most retail trading accounts available online.

Some forex brokers may also support crypto payments or services like Trustly that enable instant banking. While these methods may also facilitate lower deposits, they may be restricted in some countries or may not be supported by many forex brokers. While we can assure traders they will be able to make use of multiple options for their low-limit deposits, we advise them to be careful with bank transfers as they often require higher deposits, which may exceed the minimum you are willing to deposit into your trading account.

Step-by-Step Guide to Funding Your Live Trading Account

Let us say you have joined any of the low-deposit minimum brokers we have covered in this review. If you are ready to go live and start trading real money, you will need to make your first deposit using the payment solution of your choice. As we have discussed above, credit/debit cards and e-wallets are often your best solutions for lower deposits. However, we advise you to check the broker’s supported payment solutions and their corresponding limits to make sure you are utilizing the most cost-effective option for your trading deposits.

To transfer funds to your trading account, you will need to log into the profile you are holding with the broker. Then, you should head to the Deposit section of your trading wallet and pick the account type/platform you would like to fund. Since forex brokers offer different types of trading accounts and platforms, you need to choose the correct balance to transfer your money to. The next step is to enter the amount of the deposit you would like to make and pick the method you wish to use for the transaction. Depending on the banking solution you choose, you will be asked to provide a specific type of information (card details, wallet login details, etc.). Follow the steps seen on the screen and confirm the payment. In most cases, deposits are processed instantly, allowing you to start trading currency pairs right away.

Aspects to Factor In When Choosing Low-Deposit Brokers

While we have made sure to cover the best forex brokers with low deposit minimums, there are some factors to consider when making your choice for a broker. No matter the deposit limits, you must always make sure that you will be able to conduct your trades in a secure environment, offering fair trading conditions. That means you need to select a broker that is regulated by top-tier authorities like ASIC, FCA, IIROC, or many of the regulators based in the EU and EEA regions.

Following most regulators’ security and AML guidelines, brokers are required to implement mandatory KYC (Know Your Customer) checkups for traders before they start trading real money. While this is a condition you must meet, no matter the deposit method you use, some payment solutions will require very few steps to verify your identity as well as the payment solution you plan on using.

While having a low deposit minimum or no limit, for that matter, is not the only condition to consider when evaluating forex brokers. The minimum lot size is also an important factor that will indicate the least amount you can trade with your live trading account. A standard lot size is considered 100,000 units of your account’s base currency, with 10,000 units representing a mini lot and 1,000 units indicating a micro lot. More often than not, forex brokers impose a minimum lot requirement of 0.01, which is the equivalent of 1,000 units in your base currency. That said, some brokers offer their clients micro-trading accounts where a standard lot is the equivalent of 1,000 units and the minimum required lot trade is 0.1 (100 units).

Other relevant factors to consider include supported account currencies, additional fees, transaction times, and supported payment methods that can allow making smaller deposits into your trading accounts.

Brokers with No Minimum Account Requirements

In addition to having brokers who have set up low deposit minimums, you may also encounter trading brands that have imposed no minimum for their customers’ deposits. Usually, the no minimum limit applies to standard account types for retail traders who prefer trading lower volumes. Forex brokers who have no minimum requirement for deposits allow their customers to upload as many trading funds as they feel comfortable with.

One thing that we should mention is that while you may have no minimum requirement for the deposit amount, in most cases, there is a minimum balance amount required to place orders. As we have already covered, most trading accounts have a minimum trading requirement of at least 0.01 lot. In many cases, that equals 1,000 units in your base currency, which means that even though you may be allowed to make as low of a deposit as you wish, you may not have a sufficient balance to place orders. Nevertheless, if you feel like building up your balance slowly before you start trading, you may benefit from opening an account with no specific deposit minimum.

Pros and Cons of Trading with Low-Deposit Brokers

To assess correctly whether brokers with low deposit minimums are the right choice for your forex trading sessions, we suggest drawing a comparison between the strengths and weaknesses of these brokers.

Key Pros

  • Traders can activate their live accounts by making affordable deposits
  • Most of the supported payment methods allow lower deposits
  • Low-deposit forex accounts are available to all types of traders
  • Traders can test out trading strategies by risking very small amounts
  • Micro accounts allow portfolio diversification

Key Cons

  • Often minimum lot size requirements exceed minimum deposit limits
  • Micro accounts tend to offer higher spreads
  • Trading lower volumes can ultimately increase the price of trades
  • Some payment methods do not support smaller deposits
  • Some brokers require higher first deposit before reducing the minimum deposit requirement for follow-up deposits

FAQs for Low-Minimum Deposit Brokers

  • Why do some forex brokers have higher minimum deposit requirements?

    Since forex brokers tend to cater to different types of traders, some offer fewer account options that focus mainly on traders who can afford to place higher-volume orders. What is more, with minimum lot size for trades often being at least 100 units for micro accounts and 1,000 units for regular accounts, smaller deposits cannot qualify traders for active trading.

  • Is it better to choose a broker with no set deposit minimum?

    While brokers with a $0 deposit requirement for opening a live trading account allow traders the freedom to deposit as much as they can afford, depositing $10 will not get you far with your trading. More often than not, you will need a balance of at least $100 or even higher to start trading currency pairs. Having no minimum deposit limit will simply allow you to maintain your trading balance by making smaller deposits.

  • Will I be charged an additional fee when making smaller deposits?

    In most cases, brokers do not impose any fees on your deposits, no matter the size of the payment. Of course, you should always check the broker’s fee policy before you go ahead and top up your trading account via any of the supported methods.

  • Should I opt for smaller deposits with a micro trading account or a standard account option?

    You should correctly assess which account type is most suitable for your trading sessions based on several factors. The risk you can handle and your budget for forex trading should be two of the leading features that will help you decide whether you can trade with a standard account or stick to making smaller trades with a micro account.

  • Can I place a trade with as little as $1?

    While it is possible to make a forex trade with as little as $1 when trading with a cent trading account, placing such a small order will simply help you evaluate the currency market. However, it is not advisable to make such insignificant orders for any other purposes.