Forex brokers that offer mini & micro accounts




Below is the largest list of Forex brokers who offer mini and micro accounts under $1000 and mini lot size trading of 10 000 units or less.

Lot size reference:

1 lot = 100k = 100 000 units (standard lot)
0.1 lot = 10k = 10 000 units (mini lot)
0.01 lot = 1k = 1000 units (micro lot)

any amount = no limitation on position sizes

Forex broker Min deposit,
($)
Min lot size,
(lots)
Max position size,
(standard lots)
Account funding methods
10Pips $100 - - Wire transfer, Credit card, Moneybookers
ACM USA $500 0.1 no limit Wire transfer, Check, Online Check (ACH), Credit and Debit card
ActivTrades €250 0.01 no limit Wire transfer, Credit card
Admiral Markets $1 0.01 Wire transfer, WebMoney
AL Trade $200 0.1 no limit Wire transfer, Credit card, WebMoney, Eurogiro postal transfer
Alpari UK $200 0.01 2 lots. Limits are off for deposits from $500 Wire transfer, Check
Alpari US $1 0.01 1 lot Wire transfer, Check
Apex FX Trading $500 0.1 Wire transfer
ApexForex $500 0.01 Wire transfer, Check, Online check, Credit card
Arab Financial Brokers (K.S.C.C) $100 0.01 Wire transfer, Credit card
Atlantic FX $25 0.01 or less Wire transfer, Credit card
Ava FX $100 0.05 no limit Wire transfer, Credit card, PayPal, WebMoney, Moneybookers, Neteller
AVS Carter $500 0.01 100 lots Wire transfer, Credit card
Azurite Markets $1 0.1 no limit Wire transfer
Baron Forex $300 0.1 Wire transfer, credit & debit card
BroCo $100 0.01 Wire transfer, WebMoney
BTrader $25 Wire transfer, Credit card, Paypal, Neteller, Moneybookers, Liberty Reserve
CFX - Charter FX $500 0.1 20 lots Wire transfer, Credit card, PayPal
CG FOREX $100 0.01 100 lots Wire transfer, Credit card, Moneybookers
City Index Asia $250 0.01 no limit Wire transfer
CMC Markets $200 0.1 Wire transfer, Check, Online check, PayPal, BPS
CMS Forex $25 0.01 Wire transfer, Check, PayPal, BPS
CMS Forex UK $200 0.1 Wire transfer, Check, PayPal, BPS
Deltastock $100 0.01 no limit Wire transfer, Credit card
DfxTrade $200 0.1 Wire transfer, Credit card, Paypal
E-Global Trade & Finance Group $1 0.0001 1 lot Wire transfer, Credit card
Easy-Forex $200 0.025 no limit Wire transfer, Credit card, PayPal
ECN Market $400 0.1 no limit Wire transfer, Check
Forex broker Min deposit,
($)
Min lot size,
(lots)
Max position size,
(standard lots)
Account funding methods
EFX - England Foreign Exchange $500 0.01 0.1 lot Wire transfer, check
eToro $50 0.01 Wire transfer, Credit card, PayPal, Neteller, Moneybookers, Western Union, MoneyGram
EuroForex $200 0.1 0.5 lots Wire transfer
EXNESS $100 0.01 10 lots Wire transfer, Credit card, Webmoney, Moneybookers, Liberty Reserve, AlertPay, CashU, C-Gold, Perfect Money and other
FastBrokersFX $500 0.01 100 lots Wire transfer, Check, Credit card, PayPal
FCMarket $500 0.1 no limit Wire transfer, Credit card, PayPal, Authorized Money Exchanger - ProChanger.com (Available for Indonesian only)
FIBO Group $300 0.1 no limit Wire transfer, Credit card
FIGfx $25 99 lots Wire transfer, Credit card, Webmoney, Liberty Reserve, Moneybookers, CashU
Finexo $25 0.01 no limit Wire transfer, Credit card, PayPal, Liberty Reserve, MoneyBookers, Click & Buy, Neteller
FinMarket $100 0.1 no limit Wire transfer
FinOdds $1 0.1
Finotec $200 0.1 Wire transfer, Credit card
Forex Club $10 0.01 1 lot Wire transfer, Check, Credit card
Forex Day Trading $250 0.1 no limit Wire transfer, Check
Forex Place - 4XP $500 0.1 lot Wire transfer, Credit Card, Moneybookers, Liberty Reserve, Neteller
Forex Ukraine $200 0.1 Wire transfer, WebMoney or Yandex money payment system
Forex-Metal $1 0.005 no lilmit Wire transfer, WebMoney, Liberty Reserve, C-Gold, Moneybookers, Pecunix
FOREX.com $250 0.01 no limit Wire transfer, Check, eCheck, Credit and Debit card
Forex broker Min deposit,
($)
Min lot size,
(lots)
Max position size,
(standard lots)
Account funding methods
Forex4you $1 0.0001 no limit Bank wire, Credit card, Debit Card, E-gold, Liberty Reserve, Webmoney
ForexCT $100 0.025 no limit Bank wire, Credit card, E-gold
ForexYard $100 0.01 no limit Wire transfer, Credit Card
ForexWebTrader $25 0.01 no limit Wire transfer, Credit Card, Debit Card, e-gold, e-bullion, PayPal, Liberty Reserve, Moneybookers
ForInvest Group $100 0.01 no limit Wire transfer, Credit Card, Liberty Reserve, Perfect Money
FX|Clearing $1 0.01 2 lots Wire transfer, Credit card, PayPal, Moneybookers
FX Financial Group $300 0.01 Wire transfer, check, credit & debit card
FX Solutions $250 0.01 no limit Wire transfer, Check, Online check, Credit and Debit card, PayPal
FX Trading $500 0.1 Wire transfer
FXA Securities $500 0.1 30 lots Wire transfer
FXcast $10 0.01 no limit Wire transfer, Credit card, WebMoney, Libertyreserve, E-gold, e-bullion, e-dinar, c-gold
FXCM Micro $25 0.01 Wire transfer, Check, Online check, Credit and Debit card
FXD24 - FX direct S.A. $10 0.01 Wire transfer, Credit card, WebMoney, CG Pay, e-Bullion, e-dinar, c-gold, Liberty Reserve
FXDD $250 0.01 50 lots Wire transfer, Check, Credit card, PayPal, BPS
FXLite $500 0.1 Wire transfer
FXOnline Japan $500 0.1 Wire transfer
FXOpen $1 0.01 1 lot Wire transfer, WebMoney, Libertyreserve, E-gold, e-bullion, c-gold, Cash U, AlertPay, Altergold, PerfectMoney
FXPrice $250 0.01 Wire transfer, Check, Credit card, Paypal
FXPro.com $500 0.1 Wire transfer, Credit card, PayPal
FXTSP $300 0.1 Wire transfer, Check, Online check, Credit and Debit card
Forex broker Min deposit,
($)
Min lot size,
(lots)
Max position size,
(standard lots)
Account funding methods
Gallant FX $500 0.01 Wire transfer, Check
GFT $250 0.1 Wire transfer, Check, Credit card, PayPal
GIGFX $100 0.1 no limit Wire transfer, Credit card
Global Clearing Group $500 0.1 Wire transfer, Credit card, Webmoney, AlertPay
Go Markets $1 0.01 Wire transfer, Credit card, BPAY
GTL Trading $500 0.1 no limit Wire transfer, Check
HalifaxOnline $1 0.05 Wire transfer, Cheque
High Street Networking $100 0.1 Wire transfer, WebMoney
HY Markets $50 0.02 Wire transfer, Credit and Debit cards, PayPal, Cash U
IBFX - Interbank FX $1 0.01 Wire transfer, Check, Credit card, money order, certified check, or personal check
IFC Markets $1 0.001 0.02 lots. Limits are off for deposits from $200 Wire transfer, Credit card, Web-Money, Liberty Reserve, CashU
iForex $100 0.02 Wire transfer, Credit card
IG Markets $1 0.1 Wire transfer, Cheque, Credit card, UK debit card, Irish Laser card, Moneybookers
IHI - Investment House International $500 0.1 Wire transfer, Check
InstaForex $1 0.1 Wire transfer, Credit card, WebMoney, RBKMoney, Contact, Moneybookers, Liberty Reserve, Perfect Money
Interbank Group $250 Wire transfer
InvestTechFX $100 0.01 10 lots Wire transfer, Credit and Debit cards, Paypal
LiteForex $1 0.01 Wire transfer, WebMoney, e-bullion, CashU, Liberty Reserve
Mandus Invest SA $500
Forex broker Min deposit,
($)
Min lot size,
(lots)
Max position size,
(standard lots)
Account funding methods
Marketiva $1 any amount Wire transfer, WebMoney, Liberty Reserve, e-Dinar
Masterforex $1 0.01 Wire transfer, WebMoney, Liberty Reserve, AlterGold
MB Trading $400 0.01 Wire transfer, Check, ACH
MBCFX $200 0.01 Wire transfer, Check
MF Global FX $300 0.1 Wire transfer, Check
MGForex - MG Financial $500 0.1 Wire transfer, Check , Credit or Debit card, PayPal
MoneyForex Financial $250 0.1 200 lots Wire transfer, Credit card, e-bullion
Neuimex €250 Wire transfer, WebMoney, e-gold
NordMarkets $500 0.01 50 lots Bank wire, credit card, Moneybookers
OANDA $1 any amount 100 lots Wire transfer - international. Check and Paypal for US clients only.
One Financial $250 0.1 lot Wire transfer, Credit card, Debit Card
PFG FX - Pro Finance Group $200 0.1 Wire transfer, Credit card
Prime4x $100 0.01 Wire transfer, Liberty Reserve, Moneybookers, money moves
Proedge FX $250 0.01 Wire transfer, Check, Online check, Credit and Debit card, PayPal
Questrade $250 0.1 Wire transfer, Check
Real Trade Group $20 0.01 Wire transfer, WebMoney VISA, MasterCard
Retail FX $50 0.1 Wire transfer, Credit card, PayPal, Neteller, Moneybookers, Western Union, MoneyGram
SmartTradeFX $50 0.005 Wire transfer, Credit card, PayPal, Neteller
Swiss International $500 0.1 Wire transfer, Credit card, PayPal
Tadawul FX $500 0.05 Wire transfer, credit card, Paypal
The Collective FX $100 0.1 Wire transfer
The Traders Guide $250 0.01 - Wire transfer, Check, Credit Card
TradersChoiceFX $250 0.01 - Wire transfer, Check, Credit Card, Debit Card, Paypal
Uni-FX $1 Wire transfer, Webmoney, Liberty Reserve, AlertPay, Perfect Money, cashU, c-gold, e-bullion
UWC - United World Capital $25 0.01 1 lot Wire transfer, Credit card, Debit card, Moneybookers, AlertPay, Neteller
Vantage FX $100 0.01 20 lots Wire transfer, check, BPay, Paypal, direct deposit
Windsor Brokers $25 0.01 Wire transfer, Credit card, Webmoney
WSD Direct $200 0.01 Wire transfer, Credit card, Debit Card, Paypal
XForex $100 0.025 Wire transfer, Credit card, Western Union
1pipfix $100 0.01 10 lots Wire transfer, Credit card, Moneybookers, Paypal
Forex broker Min deposit,
$1000
Min lot size,
(lots)
Max position size,
(standard lots)
Account funding methods
Divisa Capital (DCFX) $1000 0.1 Wire transfer, Credit card
Dukascopy $1000 0.01 Wire transfer
Exto Capital $1000 0.1 Wire transfer, Credit card, Paypal, Webmoney, Moneybookers
IKON Global - Royal Division $1000 0.1 10 lots Wire transfer, Check, Credit card, Paypal, BPS
PFGBEST $1000 0.1 no limit Wire transfer, Check
PronetFX $1000 0.1 no limit Wire transfer

Do you know another Forex broker that offers mini/micro accounts?
Please suggest by adding a comment below.

Benefits of trading mini accounts and mini lots in Forex

It is often very convenient for beginner traders to start off with mini Forex accounts. By investing little money and trading mini lot sizes Forex traders are able to put at test own knowledge and trading skills without undertaking serious financial risks.

Mini accounts are also a good way to test Forex broker as well: How good is the trading platform? Order execution and services overall? Only live trading can provide the answers.

By starting with mini lot sizes, traders learn to control risks and money flow more effectively and without unnecessary stress, which is always present when trading standard size lots. Coping with risks and emotions also need practice, mini and micro accounts and mini lots allow this practice to be effective.

Forex brokers who offer mini accounts, and, more importantly, mini lots provide more freedom and flexibility to their clients allowing them to have even more control over own investments and risks.
What is better than 0.1 lot, known as mini-lot? :) An even smaller lot! Some Forex brokers allow to trade with as little as 0.01 lot (micro lots), and some don't have any limitations for lot sizes at all!

Why some brokers are highlighted in green?

Forex brokers who offer a micro-lot trading option are highlighted in green. 1 micro lot = 0.01 lot = 1000 units.
For traders who look to open an account under $1000 dollars, it is highly recommended to start trading with micro lots (0.01 lot) or less.

Next figures should explain the math behind risks when trading with different lot sizes on mini accounts:
1st Account balance $250, min lot size 0.1 lot (each pip costs on average $1).
2nd Account balance $250, min lot size 0.01 lot (each pip costs on average $0.10).

Typical trading situation: 2 consecutive losses of just 10 pips each + 4 pips spread (2 pips for each trade) = 24 pips loss.

1st account, where the cost of each pip was $1 would lose $24, which is 1/10 of the account being lost in no time and with just 10 pips move against a trader!
(10 pips in Forex is nothing! With intra-day trading strategies Forex traders lose on average from 15 to 25 pips per move!)

2nd account, where the cost of each pip was $0.1 has lost just $2.4, which is not going to affect the balance much.

Remember about the risks, chose a broker not just by a suitable minimum account size, but also by a lot size, depending on how much you're going to invest.

New! Now you can trade even on US Cents accounts!

Micro-cents trading is offered by:

Forex4you
FX|Clearing
EFX - England Foreign exchange
E-Global Trade & Finance Group

On such micro accounts all calculations and trading is done in US Cents.

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Broker discussion area

trader

February 12, 2009

Good site. well done!


trader

February 13, 2009

Thank you for your useful article Sir ...


trader

February 16, 2009

thz wow its to gud


trader

February 27, 2009

Can anyone tell me if they know of a broker that offers standard, mini and micro trades all from the same account. I have been talking to I-tradeFX. I was wondering if there are any other brokers that do that.


BrokerGuru

February 27, 2009

This shoudn't be a problem, not all but most Forex brokers who offer mini and micro lots allow trading actually any higher lot size you want.
Few quick examples without any order: Alpari US, FastbrokersFX, FxCLub, IBFX... a lot.

Please note, that with a standard account you might not be able to trade mini lots, while with mini and micro accounts you may often trade any lot size you like. Every broker has his own rules.


trader

March 8, 2009

is there any broker set on micro account payment method with Paypal ?


BrokerGuru

March 8, 2009

Every bit of information about available payment methods is above.

Uptade: Plus you can now use our Advanced Forex broker search to find Paypal brokers.


trader

March 11, 2009

Thanx a lot for this web site.


trader

March 14, 2009

I'd like to know what maximum lot sizes are allowed by the broker. For instance, I know that alpari allows a maximum lot size of 2 lots for its micro account while e-global allows you to open positions on micro account up to a maximum of 1 lot. Are there brokers that allow opening as many positions as possible starting with lot size of 0.01?


BrokerGuru

March 14, 2009

Good point. I'll work on adding a column with max lot size. Thank you!


trader

March 14, 2009

Do you know anything about Digital Dealing Corp?


BrokerGuru

March 15, 2009

No, nothing.



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