Forex Brokers with Mini & Micro Accounts

Below is the largest list of Forex brokers who offer mini and micro accounts as low as $1 USD and 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)

Rank
Broker
Special Offer
Min Deposit
Spreads From
Rating
Max Leverage
Regulations
Support
Start Trading
1
No commissions
$50
0.8 PIPs
30:1
CIMA, NFA, CFTC, FCA, IIROC, ASIC, FFA Japan, MAS, SFC of Hong Kong
Forex trading involves significant risk of loss and is not suitable for all investors.
1
Spreads From 0.8 PIPs
Max Leverage 30:1
Min Deposit $50
2
Rapid Crypto Transactions
$10
0.8 PIPs
500:1
2
Spreads From 0.8 PIPs
Max Leverage 500:1
Min Deposit $10
3
Lifetime demo account
$250
0.1 PIPs
30:1
CFTC
3
Spreads From 0.1 PIPs
Max Leverage 30:1
Min Deposit $250
4
Same Day withdrawals
$10
1.2 PIPs
500:1
4
Spreads From 1.2 PIPs
Max Leverage 500:1
Min Deposit $10
5
EUR/USD from 0.5 pips
$200
0.5 PIPs
30:1
CySEC, FCA
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.
5
Spreads From 0.5 PIPs
Max Leverage 30:1
Min Deposit $200

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!

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


Micro-cents trading is offered by:

AGEA
E-Global Trade & Finance Group
FBS
Forex4you
Fort FS
RoboForex

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