Our Top Picks

The best nano lots Forex brokers, according to our research, are:

  1. FBS
  2. XM
  3. Oanda
  4. Roboforex
  5. Fxopen

To compile the ranking, we took into consideration the following factors:

  • The availability of nano lots
  • The overall quality of the broker
  • The trading commissions
  • The trading platforms offered
Table of Content

What are the best nano lots forex brokers?

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.

  • FBS offers a cent account with which nano lot positions can be opened.
  • The minimum deposit for trading nano lots on FBS is $10 for European clients and $1 for non-EU clients
  • The spread on the FBS cent account starts at 1 pip, and a demo account is available for traders who want to try it out.
74-89% of retail CFD accounts lose money
  • XM offers the ability to trade forex with nano lots on its micro account.
  • XM’s micro account allows you to open positions as low as 0.1 nano lots.
  • On XM’s micro account you can trade forex on MT4 or MT5.
  • The XM micro account requires a minimum deposit of $5, and you can request a demo account to try it out.
72,82% of retail investor accounts lose money
  • Oanda allows positions to be opened as low as $0.01, which corresponds to 0.01 nano lots.
  • No minimum deposit is required to open an account with Oanda.
  • The demo account offered by Oanda is unlimited.
  • Oanda has spreads as low as 1 pip on forex.

CFDs are not available to residents in the United States
  • RoboForex offers a cent account that allows you to trade with nano lots.
  • You can open it with a minimum deposit of $10.
  • RoboForex’s cent account allows you to trade 36 currency pairs, metals, and cryptocurrencies.
  • Spreads to trade nano lots on RoboForex start at 1.3 pips.
  • RoboForex’s nano account can be opened on MT4, MT5, or the broker’s rTrader platform.
61.41% of retail CFD accounts lose money
  • With FxOpen it is possible to trade forex pairs from 1 nano lot.
  • With FxOpen’s nano account you can use MT4 or MT5.
  • The minimum deposit required to open a nano account with FxOpen is $1.
  • For traders who wish to try out FxOpen, a demo account is available.
74-89% of retail CFD accounts lose money

What is a nano lot Forex broker?

A nano lot size forex broker refers to a foreign exchange brokerage firm that provides the option for traders to use nano lots in their trading transactions.

A “lot” represents a standardized quantity of the financial instrument that you are trading. It is the unit used to denote the trade volume.

A “standard lot” is the reference and typically represents 100,000 units of the base currency. For instance, if you’re trading in EUR/USD, a standard lot would be €100,000.

However, because this is quite a large amount of money, forex brokers also offer the ability to trade in smaller lot sizes to make the markets more accessible to individual investors. These smaller lot sizes include:

  • Mini Lots: 10,000 units of the base currency.
  • Micro Lots: 1,000 units of the base currency.
  • Nano Lots: 100 units of the base currency.

A “Nano Lot” represents 100 units of the base currency, which is even smaller than a micro lot.

Trading with a nano Forex account is very efficient for testing new strategies, as the risk is lower.

Pros and cons of nano lot trading

As with all forms of trading and everything in life, there are both pros and cons to nano lot trading. Here we have compiled a few of the most common:

Pros:

  • The risks involved are kept very low thanks to the low trading volumes and deposits that are facilitated.
  • Many of the micro and nano lot trading forex brokers also facilitate a no or low minimum deposit and often apply no deposit fees to your funds at all.
  • Nano lot trading can be the ideal place for new traders to start out with the minimal amount of risk, but still opportunity to profit from forex trading.

Cons:

  • Along with the low risks, some traders amy feel that the rewards from nano trading can be similarly low.
  • The asset availability from some brokers may be more limited when you are trading nano lots.

filippo ucchino

About The Author

Filippo Ucchino
Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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