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Low Deposit Trading Account guide & Best Broker Minimum

If you are looking to start trading in the foreign exchange market, but don’t have much capital to work with, a low deposit trading account may be the perfect option for you. With these accounts, you can typically trade using low minimum deposits of just a few hundred dollars or even considerably less.

We are going to take you through some of the best options for low deposit trading accounts, along with a few of the brokers that offer no deposit bonuses for trading forex to get you up and running on your trading journey.

There are many different low deposit trading accounts available, each with their own features and benefits.

Some key things to look for when choosing a low deposit account include low fees and commissions, low margin requirements, and low spreads between buy and sell prices. Additionally, it is important to make sure that your chosen broker offers 24/7 customer support and allows for flexible funding methods such as debit or credit card transactions or wire transfers.

Overall, if you are new to trading or just have limited funds to risk at your disposal, a low deposit trading account can be an excellent way to get started.

Brokers For Forex Trading With Low Minimum Deposit

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 on forex trading with low minimum deposit 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.

Minimum Deposit for XM broker is only $5
  • Regulated by FSCA, CySEC, ASIC
  • Forex trading plus CFDs, indices, commodities
  • MT4 or MT5 trading platforms
  • $30 No Deposit Trading Bonus (specific countries only)
Minimum Deposit for IQ Option is $10
  • Regulated by CySEC
  • Stocks CFDs, indices, commodities, forex, crypto. options
  • Custom platform and trading app
  • Trading competitions at various intervals depending on your country of residence
Minimum Deposit for OctaFX broker is only $5
  • Regulated by FSA, CySEC
  • Forex trading plus CFDs, indices, commodities, copy trading
  • MT4 or MT5 trading platforms
  • 50% OctaFX deposit bonus available here
Minimum Deposit for FXTM is $10
  • Regulated by FCA, CySEC, FSCA, FSC
  • Forex, CFDs, indices, commodities, copy trading
  • MT4, MT5 or FXTM Trader trading platforms
  • Usually offer deposit bonuses for specific non EU countries; check here for latest
Minimum Deposit for FBS is $1
  • Regulated by CySEC, IFSC
  • Forex, CFDs, indices, commodities, copy trading
  • MT4, MT5 trading platforms
Minimum Deposit for Deriv is $5
  • Regulated by MFSA, BVI
  • Forex, CFDs, indices, commodities, stocks
  • MT5 and DTrader trading platforms
Minimum Deposit for Justforex is $1
  • Regulated by FSA
  • Forex, CFDs, indices, commodities, stocks
  • MT4, MT5 trading platforms
  • 120% Deposit bonus, $30 No deposit bonus

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

Minimum Deposit for eToro is now $50 in many Countries, $200 in others
  • Regulated by FCA, CySEC, ASIC, MiFID, FinCEN
  • Trade real or leveraged stocks, indices, crypto, forex, commodities, CFDs, social trading
  • Proprietary trading platform and award winning app
The minimum deposit for Plus500 is $100, GBP or EUR.
  • Plus500 is regulated by FCA, CySEC, ASIC, MAS.
  • All assets listed with Plus500 are tradeable as CFDs. Stocks, indices, cryptocurrencies, forex, commodities
  • Custom proprietary trading platform and Webtrader with no download.
The minimum deposit for Pepperstone is suggested as $200
  • Pepperstone is regulated by FCA, CySEC, ASIC, DFSA.
  • Trade Forex, CFDs, Indices, Commodities.
  • Offers MT4, MT5, cTrader & Tradingview trading platforms.
The minimum deposit for Pepperstone is suggested as $200
  • IC Markets is regulated by CySEC, ASIC, FSA.
  • Trade Forex, CFDs, Stocks, Indices, Commodities.
  • Offers MetaTrader & cTrader trading platforms.

What are the differences in low deposit trading accounts?

cage your dollars with no deposit trading

You will see some difference in low deposit trading accounts, but usually not by much. The intention of the broker is not to give you a bad deal and put you off from trading in the future you understand. The goal of the broker offering a low deposit trading account is usually to eventually have you move into an account with a larger balance.

From your side as a trader, whether new or experienced, that can come in one of a few ways. Either you make money from a low deposit trading account to have your account upgraded, or you redeposit. But it is against the brokers’ interests in most cases to offer you a bad service on your account and expect you to continue using them.

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 detailed areas of trading indicators or charting tools.

What are the no deposit trading choices?

Since the advent of online trading, we have seen the invention of no deposit trading but it is not entirely clear to many how this works in practice. In theory it sounds easy to just have an account with a broker for no deposit trading, but how does this really work?

Firstly, these types of accounts are most commonly offered via an online broker that provides a free demo trading account which can be operated with no deposit whatsoever. This demo trading will not allow you to actually retain any real outcome from the account, but to learn how to trade and test new trading strategies.

Depending on where in the World you are based, it is possible to trade for real with no deposit by opening up an account with a broker that offers a free no deposit welcome bonus. We have short listed a few of these no deposit trading options towards the close of this article which you can jump to here.

Typically, these no deposit bonuses for trading online will only be eligible to those of you residing outside of the EU or Australia, where such inducements to trade are not allowed any longer due to trading regulations.

Are the fees higher for forex trading with a low minimum deposit?

In a word, no. Or rather in two words, not always.

The structure of the fees are usually different but not necessarily higher. 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 some trading commission. The reality is that the total trading volume (in lots) is usually what will dictate whether an account has higher or lower fees overall.

Trading commission also 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 forex with low minimum deposit and actually allows you to open trade sizes for the deposit you have made.

No Deposit Trading Bonuses

XM No Deposit Bonus

Traders from South Africa, Nigeria, Malaysia, Indonesia, UAE, and many other countries, can take advantage of a $30 no deposit bonus currently from XM global here.

Justforex No Deposit Trading Bonus

Those from Justforex Indonesia, Malaysia, South Africa, and Philippines can take advantage of a $30 no deposit trading bonus, along with a 120% bonus added to real money deposits (up to a maximum of $40,000).

Is there a Minimum Deposit I would need for trading forex or CFDs 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.

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.