The best Forex brokers with low or no minimum deposit, according to our research, are:
- Pepperstone
- XM
- FBS
- Axiory
- eToro
- Capital.com
- Trading 212
- XTB
- Oanda
- Roboforex
To compile this ranking, we took these factors into consideration:
- A minimum deposit of less than $25
- The ability to open trading orders even with low amounts of money
- The overall quality of the broker.
Round-up
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
| Low minimum deposit brokers | Minimum deposit from: |
|---|---|
| Pepperstone | $0 |
| XM | $5 |
| FBS | $5 |
| Axiory | $10 |
| eToro | $50 (some EU countries) |
| Capital.com | $20 |
| Trading212 | $1 |
| XTB | $0 |
| Oanda | $0 |
| Roboforex | $10 |
What are the lowest minimum deposit forex brokers?
Below is our curated list and review of the best forex brokers with the lowest minimum deposit, offering insights into their standout features and attributes.
Pepperstone
$0
Pepperstone offers trading accounts with a minimum deposit of $0. It provides Razor and Standard accounts and allows trading with low spreads starting at 0 pips on Razor accounts.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Pepperstone
Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. The Pepperstone CEO is Tamas Szabo.
Pepperstone Features
The features of Pepperstone are listed below.
- Pepperstone offers trading accounts with low minimum deposits.
- The minimum deposit offered by Pepperstone starts at $0 on Razor and Standard accounts.
- With Pepperstone’s Razor accounts, it is possible to trade with very low spreads starting at 0 pips and averaging 0.09 pips on EUR/USD.
Pepperstone Pros and Cons
Advantages of Pepperstone
The advantages of Pepperstone are listed below.
- Stable raw spreads (0,09 pips on EUR/USD on average)
- Caters for algorithmic trading
- Has won over 30 Forex industry awards
Disadvantages of Pepperstone
The disadvantages of Pepperstone are listed below.
- The demo account is not unlimited
XM
$5
XM offers three account types with a minimum deposit of $5. It allows trading with micro-lots through Micro and Zero accounts and charges no fees on deposits.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About XM
XM is a global forex and CFD broker founded in 2009, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. XM provides MetaTrader 4, MetaTrader 5, and proprietary platforms. XM is regulated by multiple authorities including CySEC, ASIC, and IFSC. XM is known for competitive spreads, extensive educational resources, and multilingual customer support. XM serves over 5 million clients from 196 countries. XM offers various account types and a no-requote policy.
XM Features
The features of XM are listed below.
- XM offers three account types with a minimum deposit of $5.
- The XM Micro account allows trading forex and other assets with nano lots.
- The XM Standard account offers classic trading with micro-lot offerings.
- XM Zero account offers micro-lots, but unlike the XM Standard account has lower spreads.
- Deposits to XM do not charge additional fees.
XM Pros and Cons
Advantages of XM
The advantages of XM are listed below.
- There’s a wide range of account types
- The demo account at XM is unlimited
- Wide range of educational resources
Disadvantages of XM
The disadvantages of XM are listed below.
- No social trading features available
- The account availability changes depending on the location of the trader
- High minimum deposit to invest in securities ($10000 for the XM Shares account)
FBS
$1
FBS offers a minimum deposit of $5 but requires different minimums for Standard and Cent accounts under CySEC regulation. The Standard account minimum is $100, and the Cent account minimum is $10.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About FBS
FBS is a global forex and CFD broker founded in 2009, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. FBS provides MetaTrader 4, MetaTrader 5, and proprietary platforms. FBS is regulated by multiple authorities including CySEC, ASIC, and IFSC. FBS serves over 27 million clients in 150+ countries. FBS is known for low minimum deposits, extensive educational resources, and copy trading services.
FBS Features
The features of FBS are listed below.
- FBS offers a low minimum deposit of $5.
- European traders under the CySEC regulated branch of FBS have different minimum amounts for Standard account and the exclusive Cent account.
- The FBS minimum deposit on Standard account (EU traders only) is $100.
- The FBS minimum deposit on Cent account (EU traders only) is $10.
FBS Pros and Cons
Advantages of FBS
The advantages of FBS are listed below.
- Low minimum deposit
- User-Friendly Platforms
- 90 international awards
Disadvantages of FBS
The disadvantages of FBS are listed below.
- Limited Financial Instruments
Axiory
$10
Axiory requires a $10 minimum deposit on all accounts, permits trading with micro-lots at low spreads, and provides leverage options depending on the account type.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Axiory
Axiory is a global online broker founded in 2012, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. Axiory provides MetaTrader 4, MetaTrader 5, and cTrader platforms. Axiory is regulated by the International Financial Services Commission (IFSC) of Belize. Axiory is known for competitive spreads, fast execution, and extensive educational resources. Axiory offers various account types including ECN accounts. The CEO of Axiory is Roberto d’Ambrosio.
Axiory Features
The features of Axiory are listed below.
- Axiory requires a low minimum deposit of $10 on all its accounts.
- All Axiory accounts allow micro-lots to be traded at very low spreads, with leverage as low as 1:400 or 1:777 depending on the account chosen.
- On Axiory forex spreads start at 0.3 pips, and it offers a good choice of platforms with MT4, MT5, and cTrader depending on the type of account.
Axiory Pros and Cons
Advantages of Axiory
The advantages of Axiory are listed below.
- Competitive Spreads
- Diverse Account Types
- Robust Educational Resources
Disadvantages of Axiory
The disadvantages of Axiory are listed below.
- Limited Regulation
- High Inactivity Fees
- Withdrawal Fees
eToro
$50 (UK)
eToro sets the minimum deposit at $50 for certain European customers. It allows fractional trading in currencies and stocks from $10 and charges currency conversion fees for non-USD deposits.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About eToro
eToro is a global multi-asset investment platform founded in 2007, offering trading on stocks, ETFs, Crypto CFDs, commodities, and forex. eToro provides a proprietary web and mobile platform with social trading features. eToro is regulated by multiple authorities including FCA, ASIC, and CySEC. eToro is known for its user-friendly interface, copy trading functionality, and commission-free stock trading. eToro serves over 30 million users worldwide. The eToro CEO and co-founder is Yoni Assia.
eToro Features
The features of eToro are listed below.
- The minimum deposit at eToro starts at $50 for customers in some European countries. For everyone else, it ranges from $50 to $10.000.
- eToro allows forex trading with micro-lots.
- On eToro you can take good advantage of the minimum deposit on cryptocurrencies and stocks, which are available fractional from $10.
- With eToro you should keep in mind that deposits made in currencies other than USD may charge currency conversion fees.
eToro Pros and Cons
Advantages of eToro
The advantages of eToro are listed below.
- Great copy trading and social trading features
- Wide range of asset classes
- It allows to buy fractional stocks from $10
Disadvantages of eToro
The disadvantages of eToro are listed below.
- The eToro spreads can be high
- Offers only USD accounts
- Transferring cryptocurrencies to other platforms can be hard
Capital.com
$20
Capital.com has a $20 minimum deposit for credit card users and requires $250 for wire transfer deposits. It permits micro-lot trading with spreads starting at 0.6 pips.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Capital.com
Capital.com is a global online broker founded in 2016, offering trading on forex, stocks, indices, commodities, and cryptocurrencies through CFDs. Capital.com provides proprietary web and mobile platforms alongside MetaTrader 4 and 5. Capital.com is regulated by multiple authorities including FCA, ASIC, CySEC, and SCB. Capital.com is known for its AI-powered trading insights and extensive educational resources. The Capital.com Group CEO is Kypros Zoumidou.
Capital.com Features
The features of Capital.com are listed below.
- Capital.com has a $20 minimum deposit for all customers if you deposit by credit card.
- Depositing by wire transfer at Capital.com requires a minimum deposit of at least $250.
- Capital.com allows trading with micro lots, and its spreads start at 0.6 pips.
Capital.com Pros and Cons
Advantages of Capital.com
The advantages of Capital.com are listed below.
- Advanced Technology
- Low Trading Costs
- Regulated and Secure
Disadvantages of Capital.com
The disadvantages of Capital.com are listed below.
- Limited Protection for Professional Clients
- Charges Inactive Fees
- Not user-friendly
Trading 212
$1
Trading 212 offers accounts with a minimum deposit ranging from $1 to $10. It permits opening Invest accounts at $1 and CFD accounts at $10.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Trading 212
Trading 212 is a global online broker founded in 2004, offering commission-free trading on stocks, ETFs, forex, and CFDs. Trading 212 provides proprietary web and mobile platforms. Trading 212 is regulated by multiple authorities including FCA, CySEC, and FSC. Trading 212 is known for its user-friendly interface, educational resources, and fractional share investing. Trading 212 serves over 2 million clients worldwide. The Trading 212 CEO is Mukid Chowdhury since 2024.
Trading 212 Features
The features of Trading 212 are listed below.
- Trading 212 allows you to open a real account with a minimum deposit ranging from $1 to $10.
- For $1 you can open the Trading 212 Invest account that allows you to trade fractional stocks and ETFs.
- For $10 you can open the Trading 212 CFD account that allows you to trade a large number of CFDs with micro-lots.
Trading 212 Pros and Cons
Advantages of Trading 212
The advantages of Trading 212 are listed below.
- User-Friendly Interface
- No Commission Trading
- Wide Range of Assets
Disadvantages of Trading 212
The disadvantages of Trading 212 are listed below.
- Limited Research Tools
- High Forex Spreads
- Lack of Advanced Features
XTB
$0
XTB sets no minimum deposit requirement. It allows trading in more than 5,000 instruments and supports micro-lot forex trading with spreads starting at 0.8 pips.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About XTB
XTB is a global forex and CFD broker founded in 2002 and headquartered in Poland. XTB offers trading on over 2,000 instruments including currencies, stocks, indices, commodities, and cryptocurrencies. XTB provides the proprietary xStation platform and is regulated by multiple authorities including FCA, CySEC, and KNF. XTB is listed on the Warsaw Stock Exchange and serves over 897,500 clients worldwide. The XTB CEO is Omar Arnaout since March 2017.
XTB Features
The features of XTB are listed below.
- XTB does not require a minimum deposit to open a real account.
- More than 5,000 financial instruments can be traded on XTB’s xStation 5 platform.
- XTB’s spreads start as low as 0.8 pips.
- XTB allows forex trading with micro-lots.
XTB Pros and Cons
Advantages of XTB
The advantages of XTB are listed below.
- No minimum deposit
- Wide selection of assets
- Competitive trading costs
Disadvantages of XTB
The disadvantages of XTB are listed below.
- Small withdrawal fee
- No social or copy trading
- XTB demo account is limited to 30 days
Oanda
$0
Oanda demands no minimum deposit, enables trading with small amounts, and accepts wire transfers, credit cards, and eWallets for deposits without most commissions.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Oanda
OANDA is a global multi-asset broker founded in 1996, offering trading on forex, CFDs, commodities, indices, and cryptocurrencies. OANDA provides proprietary platforms and API solutions. OANDA is regulated by multiple authorities including FCA, ASIC, and MAS. OANDA is known for competitive spreads, fast execution, and currency data services. OANDA serves both retail and institutional clients worldwide. The Oanda Chief Executive Officer is Gavin Bambury since August 2019.
Oanda Features
The features of Oanda are listed below.
- Oanda does not require a minimum deposit to open a real account.
- Oanda allows traders to open positions on forex and other financial instruments with pennies.
- Deposits on Oanda can be made by wire transfer, credit cards, and eWallets.
- Oanda does not charge commissions on deposits in most cases.
- Oanda charges spread as low as 1 pip, and 0 pips on the Oanda Core account.
Oanda Pros and Cons
Advantages of Oanda
The advantages of Oanda are listed below.
- Comprehensive Platforms
- Robust Education
- Highly Regulatory Trust
Disadvantages of Oanda
The disadvantages of Oanda are listed below.
- Higher Spreads
- Proprietary Platform Limitations
- Inactivity Fees
Roboforex
$10
Roboforex offers accounts with a $10 minimum deposit, permits trading on Prime and ECN accounts with zero spreads, and allows ProCent account trading with nano-lots.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Roboforex
RoboForex is a global forex and CFD broker founded in 2009, offering trading on currencies, stocks, indices, commodities, and cryptocurrencies. RoboForex provides MetaTrader 4, MetaTrader 5, and proprietary platforms. RoboForex is regulated by the Financial Services Commission (FSC) of Belize. RoboForex is known for competitive spreads, extensive educational resources, and multiple account types. RoboForex serves over 4.5 million clients worldwide. The RoboForex CEO is Andrei Dziarnovich.
Roboforex Features
The features of Roboforex are listed below.
- RoboForex offers four accounts with minimum deposits of $10.
- The RoboForex Prime and RoboForex ECN accounts allow trading forex and other assets with spreads as low as 0 pips.
- The RoboForex ProCent account allows trading with nano lots so as to take full advantage of the low minimum deposit.
- The RoboForex Pro account is the most flexible as it allows trading on 4 different platforms with high leverage.
Roboforex Pros and Cons
Advantages of Roboforex
The advantages of Roboforex are listed below.
- Diverse Trading Platforms
- Wide Range of Instruments
- Low Minimum Deposit
Disadvantages of Roboforex
The disadvantages of Roboforex are listed below.
- Limited Educational Resources
- Higher Spreads on Some Accounts
- Regulatory Concerns
Why a minimum of 0$ deposit is not the only thing to consider
Conducting an in-depth technical analysis in search of a broker with no minimum deposit or a low one is not all you should think about though.
You should also consider the fact that you will likely be trading with some kind of leverage. This and other factors can really help determine the best broker choice for your forex trading future.
In fact, the best situation for you is one where you have a minimum deposit broker that also allows you to trade with a minimum trade size. This is something we will get into more at the end of the post.
For now, let’s take a look at the very best forex brokers with low or no minimum deposit.
Why is lot size important with low deposits?
You may be wondering why the lot size has been mentioned frequently and why this may impact you as a trader.
The fact is that if you are a European-based forex trader, it has become very difficult to have a low minimum deposit and be able to trade significant amounts within the standard trading accounts that this opens up. This is all due to the 30:1 leverage limitation placed by regulators in Europe. For example, in order to invest $1 in a Micro lot (1000 units), you would need minimum leverage of 1000:1.
So, if you don’t have leverage, the only solution is to have the smallest trading sizes available.
Some brokers will allow you to open positions for 0.1 nano lots (basically 1/100 of a micro lot), which translates in minimum leverage terms to 10:1.
The only solution that you have available for really low deposit trading if nano lots are not available is unfortunately just to step up your deposit a little more. In these cases as a forex trader, $50 is typically sufficient although it depends on the asset.
With all of that said, given the number of broker options available, it is still very much possible for European traders, even those constrained by strict 30:1 leverage to experience very low deposit trading in the forex market and others.