The best nano lots Forex brokers, according to our research, are:
- FBS
- XM
- Oanda
- Roboforex
- 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
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
most flexible nano lot broker
FBS offers a cent account for nano lot trading. FBS requires a minimum deposit of $10 for EU clients and $1 for non-EU clients.
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Regulations:
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Avg. EUR/USD Spread:
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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 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.
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
XM
best low commission nano lots trading
XM provides a micro account for trading nano lots. XM requires a $5 deposit and supports trades as low as 0.1 nano lots.
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Regulations:
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Avg. EUR/USD Spread:
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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 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.
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)
Oanda
best forex broker with nano lots overall
Oanda allows trading from 0.01 nano lots. Oanda does not require a minimum deposit and provides an unlimited demo account.
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Regulations:
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Avg. EUR/USD Spread:
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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 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.
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
best for algo trading with nano lots
RoboForex offers a cent account supporting nano lot trades. RoboForex requires a $10 deposit and supports 36 currency pairs.
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Regulations:
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Avg. EUR/USD Spread:
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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 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.
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
Fxopen
best for nano lot copy trading
FxOpen enables forex trading from 1 nano lot. FxOpen supports MT4 and MT5 platforms and requires a $1 minimum deposit.
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Regulations:
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Platforms:
About Fxopen
FXOpen is a global forex and CFD broker established in 2005, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. FXOpen provides MetaTrader 4, MetaTrader 5, TickTrader, and TradingView platforms. FXOpen is regulated by multiple authorities including FCA and CySEC. FXOpen is known for its ECN trading environment, low spreads, and fast execution. FXOpen offers various account types including ECN and STP. The FXOpen CEO is Alexey Stepanov.
Fxopen Features
The features of Fxopen are listed below.
- 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.
Fxopen Pros and Cons
Advantages of Fxopen
The advantages of Fxopen are listed below.
- Regulatory Oversight
- Diverse Trading Platforms
Disadvantages of Fxopen
The disadvantages of Fxopen are listed below.
- Higher Spreads on Forex
- Insufficient Educational Resources
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.