Forex Brokers With $10 Minimum Deposit or Less.

You may be new trading Forex so it’s only natural that you wouldn’t want to dump your life savings into a Fx trading account. Forex brokers with a $10 minimum deposit would be ideal for any beginner trader.

Though trading with just $10 isn’t going to make you rich or any substantial gains, you are able to get a sense of the broker and how the trading platform works.
When trading Forex with such a small amount it is always encouraged to be realistic.
Money doesn’t grow on trees and there is no way you will “win big” trading forex with just ten dollars. 

The most important aspect of trading/investing is learning to trade forex safely and responsibly with proper risk tolerance and trading strategy.
Forex is not a get rich quick scheme!

List of Forex Broker With $10 Minimum Deposit

Broker Name
Minimum Deposit

AccentForex

$10

AdmiralMarkets

$10

Alpari

$1

CMCMarkets

$1

FBS

$1

FinPro Trading

$5

ForexMart

$1

Fort Financial Services

$5

FXDD

$1

FxGlory

$1

FXOpen

$1

FXTM

$10

Hotforex

$5

InstaForex

$1

JCMFX

$10

LiteForex

$10

Oanda

$1

Paxforex

$10

PrimeXBT

$1

Roboforex

$1

ThinkMarkets

$1

Tradersway

$1

XM

$5

Can I Trust Forex Brokers With $10 Minimum Account Deposits?

Caution needs to be taken when you are dealing with low deposit brokers. 

Not all are scams, but some may be. It is best to do your research on the broker before ever depositing a penny.

 Forex Rank has a list of legitimate Forex brokers that is constantly updated. Another red flag when choosing a broker is the country they do business from and what regulatory body they are registered under. 

If they are not regulated under a well established regulator stay clear of them.

One other telling sign to stay away from a broker are promises of instant winnings or a fortune to be made trading forex. This is also illegal and not a good business practice.

That is why we have compiled a list of the most trusted low deposit Fx brokers down below.

Most legitimate forex broker offer low minimum deposit for many reasons such as:

  • Lets traders get a feel for there brokerage with little risk
  • Testing out withdrawals and deposit methods and speed/reliability
  • Trying out new brokerage specific trading platforms all with little money down
  • Entice new clients
  • Attractive to beginners/ brand new to Forex
  • Benefits the trader more so than the broker at first.

Can I trade forex with just $10?

Trading in micro lots will be the only way this is possible. A mini lot is 0.10, whereas a micro lot is 0.01. With such low lots it is possible to trade with as little as $10. 

It’s common to have low initial deposit amounts to open up an account but it is not ideal for long term trading.

Example:

BUY EUR/USD at 1 micro lot at 1:500 leverage = margin required in your account of $2.36.

At this buy of 1 micro lot, ever pip in price movement would be $0.01 or one cent per pip.

 

Contract size:

1000 EUR

Tick:

0.00001

Pip value:

0.10 USD

Swap short:

-0.00 USD

Swap long:

-0.06 USD

Margin at current market price:

2.36 USD

Commission:

0.00 USD

Profit:

0.07 USD

 

 Here you can clearly see how much you will be profiting with an account balance of $10 and trading a micro lot. 

The profits are not substantial at all. 

This is why trading with such a low amount is great for learning how to trade, testing out a broker or platform you are unfamiliar with before you are comfortable depositing a higher amount.

What is a micro forex account?

A micro forex account is a retail trading account where the trader doesn’t want to risk a lot of money trading. 

The min amount trad-able is 0.01 lot or 1 micro lot and is a preset amount of 1000 units of currency.

 Not all forex brokers offer micro accounts allowing you to trade micro lots.

Most trusted Forex Broker With $10 dollar Minimums

xm trading
Broker TypeMarket Maker
RegulationsIFSC, CySec, ASIC
Min Deposit$5.00
Account Base CurrencyUSD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR
Max Leverage888:1. *Leverage depends on the entity of the group and the financial instrument traded.
Trading PlatformsMetatrader 4/5, Webtrader
Think Market
Broker TypeMarket Maker Non-Dealing Desk
RegulationsASIC, FCA, FSCA
Min Deposit$0
Account Base CurrencyUSD AUD GBP EUR  CHF JYP
Max Leverage 500:1, EU Clients 1:30
Trading PlatformsMetatrader 4, ThinkTrader, Trade Interceptor
oanda
Broker TypeMarket Maker
RegulationsIIROC, CIPF, NFA, FCA, CFTC, ASIC, MAS
Min Deposit$1.00
Account Base CurrencyAUD CAD EUR GBP HKD JYP SGD CHF USD
Max Leverage 50:1
Trading PlatformsWeb trading, Metatrader 4, Oanda desktop trading platform
fxtm reviews
Broker TypeMarket Maker / ECN
RegulationsIFSC, FCA, FSB
Min Deposit$5.00
Account Base CurrencyUSD EUR GBP NGN
Max Leverage1:1000
Trading PlatformsMetatrader 4 and 5
hotforex
Broker TypeMarket Maker
RegulationsCySec, FSC
Min Deposit$5.00
Account Base CurrencyUSD, EUR
Max Leverage1-1000, EU Clients 1:30
Trading PlatformsMetatrader 4, webtrader, HOTFOREX FIX/API

Common Deposit methods For Low Deposit Forex Brokers

This is important because some deposit methods slap a deposit fee if not waived by the broker. 

Wire or bank transfers will not be possible as the fees to transact are too high with deposits of $10 or less. Most common deposit methods will be:

  • Skrill deposit
  • Neteller deposit
  • Bitcoin deposit
  • Credit card deposit

Conclusion

If you are learning to trade forex, finding a forex broker with a $10 minimum for deposits is a good idea. 

The risk of losing money is high as you are still learning but the risk of losing a lot of money is low, as you are only trading with 10 dollars. 

For us this kind of mentality for beginner traders with risk tolerance and smart trading practices is the best chance for success.

We hope that you found this article helpful in your quest of perfecting and learning your forex trading skills, safely and with responsibility.