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Forex brokers that offer mini & micro accountsBelow is the largest list of Forex brokers who offer mini and micro accounts under $1000 and mini lot size trading of
|
| Forex broker | ($) |
(lots) |
(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 | $1000 |
(lots) |
(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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trader
February 12, 2009Good site. well done!
trader
February 13, 2009Thank you for your useful article Sir ...
trader
February 16, 2009thz wow its to gud
trader
February 27, 2009Can 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, 2009This 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, 2009is there any broker set on micro account payment method with Paypal ?
BrokerGuru
March 8, 2009Every 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, 2009Thanx a lot for this web site.
trader
March 14, 2009I'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, 2009Good point. I'll work on adding a column with max lot size. Thank you!
trader
March 14, 2009Do you know anything about Digital Dealing Corp?
BrokerGuru
March 15, 2009No, nothing.
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