What Is No Deposit Trading? Broker Minimum Deposit Guide

cage your dollars with no deposit trading

What are the no deposit trading choices?

Since the advent of online trading, we have seen the invention of no deposit trading. How does this work?

It is usually via an online broker, providing a free demo trading account which can be operated with no deposit whatsoever.

Depending on where in the World you are based, it is possible to trade with no deposit by signing up with a broker that offers a free bonus. We will list a few of these options towards the close of this article.

Typically, these no deposit bonuses for trading online will only be eligible to those of you residing outside of the EU. Traders then from South Africa, Nigeria, Malaysia, UAE, and many other countries, can take advantage of a $30 no deposit bonus currently from XM global here.

What are the minimum deposits required when depositing for real?

We find a lot of new traders curious about the minimum deposit for trading. To start with, not all trading accounts will have the same minimum deposit requirement, as this is very much down to the broker.

Depending on the type of account you receive, and underlying asset you are trading, the minimum deposit you will need to fund a trading account will vary.

What are the differences in trading accounts?

Typically the conditions you will receive will vary between the account types, as will the platform offered in some cases.

If you one of the key requirements for you is to keep the minimum deposit for trading down, you will likely be best suited by some of the ‘standard’ or ‘cent’ account offerings.

In principle these accounts usually are very similar to the more premium level accounts that a broker offers, but a little more streamlined. To a novice trader however, you should not notice some of these differences as they are usually in the more obscure trading indicators or charting tools.

Are the fees higher for trading with a smaller minimum deposit?

In a word, no. The structure of the fees are just different.

In most standard accounts, you will pay a slightly higher ‘spread’ per trade you make, but usually with no commissions.

When you have a ‘premium’ account with, some brokers will give you lower spreads, even sometimes 80-90% lower but you will normally have that counteracted by commission.

Trading commission usually applies on the buy and sell side of the order and based on volume (or size of trade).  

Simply, if you want to start small, there are no barriers from a cost perspective as long as you choose a broker that is suited to trading with a small minimum deposit.

Is there a Minimum Deposit I would need for trading effectively?

Well it can be very easy if you are trading with the smallest accounts to wipe out your balance in a short time if you are not careful. You will need to keep a very close eye on the leverage you are using to trade with and the minimum account size offered by the broker.

If the broker has a minimum trade size of 0.1 lot but your balance is under $100 you will struggle to make a trade unless you have a really high leverage in use. In cases such as these however, small market moves could cause either complete loss of your balance or a huge percentage profit but it is risky.

To be on the safe side if you are trading with under $100, keep your trade size small and your leverage low. This way you are giving yourself a little time and wiggle room to maneuver if the market moves against you.


Best Brokers With $10 Minimum Deposit for Trading

There are a really great range of brokers that you can trade with even at very affordable minimum deposit levels. The key difference here with some of the brokers is the range of instruments you can trade with is a little more limited apart from IQ Option who have a really comprehensive range.

If you are planning to trade forex mainly then we have included 4 different brokers in the list below. Each can provide great conditions, multi-award winning backgrounds and almost complete global coverage by regulation.

What is the minimum deposit for trading with XM?

No deposit trading is possible if you are non EU resident. For those in Europe, 5 USD, GBP or EUR is the minimum required.

What assets can you trade with XM?
Forex mainly with a smaller range of CFDs covering Indices and Commodities.

Is XM regulated?
Yes. XM is regulated by CySEC, ASIC, FSCA.

What Platform can I trade on with XM?
MT4 or MT5.

Do XM offer bonuses?
Yes. You can receive $30 no deposit bonus if you are a non EU resident. Check it out here

Best Trading App
What is the minimum deposit for trading with IQ Option?

10 USD, GBP or EUR. There are various other currency options available in SE Asia and Africa.

What assets can you trade with IQ Option?
Stocks CFDs, Indices, Cryptocurrencies, Forex, Commodities.

Is IQ Option regulated?
Yes. IQ Option is regulated by CySEC.

What Platform can I trade on with IQ Option?
IQ Option have their own custom platform and app.

Do IQ Option offer bonuses?
No. They do however run trading competitions at various intervals depending on your country of residence. Take a look here

Who are FXTM?
What is the minimum deposit for trading with FXTM?

10 USD, GBP or EUR.

What assets can you trade with FXTM?
Forex mainly with CFDs for Stocks, Indices, Commodities, Social Trading.

Is FXTM regulated?
Yes. FXTM is regulated by FCA, CySEC, FSCA, FSC

What Platform can I trade on with FXTM?
You have the option of using MT4, MT5 or FXTM Trader.

Do FXTM offer bonuses?
Yes. They have various options from time to time depending on whereabouts you are resident. You can check their offers here

Best Offshore Broker
What is the minimum deposit for trading with OctaFX?

5 USD.

What assets can you trade with OctaFX?
Stocks, Indices, Forex, Social Trading, CFDs.

Is OctaFX regulated?
Yes. OctaFX is regulated by both CySEC and BVI.

What Platform can I trade on with OctaFX?
You have a full suite of options from MT4, MT5 or cTrader.

Do OctaFX offer bonuses?
Yes. You can take advantage of the 50% deposit bonus at the moment here


Best Brokers For Trading With $100 – $200 Minimum Deposit

The brokers included here offer wider access to cryptocurrency trading in general and also bring a suite of use friendly custom platforms from the likes of Plus500 and eToro that are very easy for beginners to get to grips with.

Pepperstone and ATFX are more for your forex purist and have some of the best conditions in the industry alongside a very reasonable minimum deposit level.

Best Trading App
What is the minimum deposit for trading with eToro?

200 USD, GBP or EUR.

What assets can you trade with eToro?
Stocks, Indices, Cryptocurrencies, Forex, Commodities, Social Trading, CFDs.

Is eToro regulated?
Yes. eToro is regulated by FCA, CySEC, ASIC, MiFID, FinCEN

What Platform can I trade on with eToro?
eToro have their own custom platform and app.

Best CFD broker
What is the minimum deposit for trading with Plus500?

100 USD, GBP or EUR.

What assets can you trade with Plus500?
All assets listed with Plus500 are tradeable as CFDs. Stocks, Indices, Cryptocurrencies, Forex, Commodities.

Is Plus500 regulated?
Yes. Plus500 is regulated by FCA, CySEC, ASIC, MAS.

What Platform can I trade on with Plus500?
Plus500 have their own proprietary platform and also offer webtrader with no download.

What is the minimum deposit for trading with Pepperstone?

200 USD, GBP or EUR.

What assets can you trade with Pepperstone?
Forex, Indices, Commodities.

Is Pepperstone regulated?
Yes. Pepperstone is regulated by FCA, ASIC and is currently in process of FSCA regulation.

What Platforms can I trade on with Pepperstone?
MT4, MT5 or cTrader.

What is the minimum deposit for trading with ATFX?

100 USD, GBP or EUR.

What assets can you trade with ATFX?
Forex, Indices, Commodities.

Is ATFX regulated?
Yes. ATFX is regulated by FCA, CySEC.

What Platforms can I trade on with ATFX?
MT4.