Best Micro Forex Brokers 2022

Below are listed some of the best brokers offering micro accounts or micro lots trading. Here’s what was taken into consideration when creating this list:

• If the broker offered micro accounts or micro lots trading
• The assets provided on the micro account or where micro lots trading was available
• The spreads charged on the micro account or where micro lots trading was available
• The leverage on the micro account or where micro lots trading was available
• The minimum deposit requested to open a micro account

Round-up

1. XM: best broker with no requotes
2. Pepperstone: best for lowest spreads
3. FP Markets: best trading costs overall
4. FBS: best broker with high leverage
5. HF Markets: best trading tools
6. FXTM: best micro trading overall
7. OctaFX: best educational materials
8. Oanda: best forex liquidity
9. FxOpen: best execution
10. eToro: best for social trading

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

Review

1. XM

• Within the XM micro account, clients can trade as small as 0.01 lots on MT4 and on MT5.
• A minimum deposit of just $5 is needed to get started with an XM Micro Account.
• The spreads charged on Micro accounts are from 1 pips on forex
• XM assets available with the Micro account are 1150+ including forex, stocks, indices and commodities.
• The XM leverage which can be found is up to 30:1 for EU and ASIC clients, while is up to 888:1 under the global XM entity.

Visit XM
73.57% of retail CFD accounts lose money

2. Pepperstone

• Pepperstone offers micro lots trading (0.01 lots) on both its account types, standard and razor.
• The number of Pepperstone assets tradable are 200+ and includes forex, indices, commodities, crypto, stocks, and currency indices.
• Clients will find Pepperstone spreads from 0 pips on the Razor and from 0.4 pips on the Standard
• Leverage depends on the entity you’re trading under. This will be up to 30:1 for EU, DFSA, FCA and ASIC; up to 500:1 for CMA clients and up to 200:1 for SCB clients. Professional clients find a maximum leverage up to 500.1.
• No minimum deposit is required to open an account with Pepperstone.

Visit Pepperstone
(75.9% of retail CFD accounts lose money)

3. FP Markets

• FP Markets offers micro lots trading (0.01 lots) on their Standard and Raw accounts.
• Several assets are made available for micro lot trading by FP, including 60+ forex pairs, indices, and commodities.
• The spreads charged by FP on forex go from 0 pips on the Raw account and from 1 pips on the Standard account.
• The leverage provided depends on the FP Markets entity you’re trading under. This will be up to 30:1 under EU, FCA and ASIC and up to 500:1 as non-EU traders.
• The FP Markets minimum deposit is $100 for both accounts.

Visit FP Markets
74-89% of retail CFD accounts lose money

4. FBS

• FBS provides a Micro Account under IFSC regulation.
• The assets provided by FBS via the Micro account include forex, metals and energies.
• Clients who use a Micro account with FBS find fixed spreads from 3 pips on forex.
• The maximum leverage of the Micro account is up to 3000:1.
• FBS has a minimum deposit of $5 for those who want to open a Micro account.

Visit FBS
74-89% of retail CFD accounts lose money

5. HF Markets

• Micro lot trading can be done with the Micro account under the HF Markets global entity.
• 140+ assets can be traded with the HF Micro Account, including forex, commodities, stocks, bonds and indices.
• HF spreads start from 1 pips on 55+ forex pairs with a maximum leverage up to 1000:1.
• Within HF, you can look forward to a minimum deposit of $5 to open a Micro account.

Visit HF Markets
(70.77% of retail CFD accounts lose money)

6. FXTM

• FXTM offers a Micro account for its clients with a minimum volume in lots per trade 0.01.
• Within the EU, note that FXTM only accepts professional clients.
• Spreads with an FXTM Micro Account start from 1.5 pips on forex.
• Forex and metals are the only assets trabadle with a FXTM Micro account.
• The FXTM micro account leverage goes up to 2000:1, however EU and UK clients will be given lower leverages.
• The FXTM Micro account comes with a $10 minimum deposit.

Visit FXTM
81% of retail CFD accounts lose money

7. OctaFX

• OctaFX allows micro lot trading via MT4 and MT5 accounts with minimum size 0.01 lots. For EU clients only MT5 accounts are available.
• The assets provided by OctaFX on both accounts are forex pairs, commodities, indices, and, depending on your location, cryptos.
• The OctaFX spreads start from 0.2 pips on 35+ forex pairs.
• The leverage available here is up to 500:1 under the SV regulation and up to 30:1 for EU clients.
• The minimum deposit needed to open an MT4 or MT5 account with OctaFX is $25.

Visit OctaFx
74-89% of retail CFD accounts lose money

8. Oanda

• Oanda gives opportunities to engage in micro forex trading.
• In fact, clients can trade as little as one unit of currency with Oanda. This is the lowest value trading possible anywhere.
• Oanda Standard account offers a huge range of forex trading choices with more than 70 forex pairs, as well as CFD indices, commodities, metals, and bonds.
• Spreads on Oanda forex start from 0.6 pips with maximum leverage up to 100:1 (depending on the Oanda entity you trade with).
• Oanda does not require a minimum deposit.

Visit Oanda
73.5% of retail CFD accounts lose money

9. FxOpen

• Within the FxOpen micro trading account, traders can look forward to trading as low as 0.01 micro lots.
• With the FxOpen Micro account, you can trade 600+ assets, including forex, through the MT4 or MT5 platforms.
• Minimum spreads are from 0 pips on forex with different maximum leverage up to 30:1 for both ASIC and FCA clients. Professional clients can access leverage up to 1:500.
• FxOpen requires a $1 minimum deposit to open a Micro account.

Visit FxOpen
74-89% of retail CFD accounts lose money

10. eToro

• eToro allows micro lots trading via their Standard account since the minimum lot size permitted by eToro when trading with CFDs is 1 micro lot.
• The eToro Standard account offers 1000+ assets.
• eToro charges spreads from 1 pips on forex with a maximum leverage up to 30:1 (retail) and 400:1 (professional) under CySEC, FCA, and ASIC regulation.
• The eToro minimum deposit is $50 to open a Standard account, depending on your location.

Visit eToro
(78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money)