Micro Account Forex Brokers

27 Best Forex Brokers Forex Brokers Forex Brokers with Micro Accounts

Overview

A micro-Forex account can be very useful even if you have enough trading capital for a standard account.

It is much easier to implement conservative position sizing techniques with micro-lots. Some trading strategies require simultaneous creation of tens of market positions; in this case micro-lots will definitely help to size and scale the positions adequately.

 

Additionally, an option to open a micro account with a Forex broker can turn out to be useful if you want to test its execution, as these accounts support and deposit/withdrawal speed without risking too much capital.

In this article, we explore the 27 best forex brokers which offer micro accounts in 2023.

Here are our Top 10 Handpicked Best Forex Brokers Handpicked Best Forex Brokers Handpicked Best Forex Brokers with Micro Accounts:

  1. Exness
  2. InstaForex
  3. IQ Option
  4. LiteForex
  5. AvaTrade
  6. Easy Markets
  7. City Index
  8. Oanda
  9. FXCM
  10. IG Markets

Let’s get started with the full breakdown of the 27 Best Forex Brokers with Micro Accounts.

Exness Exness Exness

Overview

Founded in 2008, Exness is a broker which has since gained steam in the market and now boasts nearly 60,000 active client accounts from all over the world.

Traders gravitate towards Exness due to its regulatory oversight and licensing from the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

Exness offers several flexible account types and financial instruments to suit various strategies.

The Exness Standard Cent account is designed for newbie traders as it allows them to trade smaller volumes with much smaller trading units (micro-lots). This account has a low minimum deposit of just 1 USD. Your orders will be executed with market execution.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Well-regulated 
Tight spreads 
Over 130 currency pairs

 

Features Features Features

FeatureInformation
RegulationCySEC, FCA
Minimum deposit from$1
Average spread from1.3 pips
Commissions from3 USD and 10 USD per 1 lot for CFDs
Deposit/Withdrawal FeesNone
Maximum Leverage1:2000
BonusesStandard +10% Bonus Programme
Customer support24/5

InstaForex InstaForex InstaForex

Overview

InstaForex specializes in providing services for trading in financial markets, especially in forex.

At the moment, InstaForex is a truly global brand with over 150 offices in more than 20 countries and an acknowledged leader in its field with numerous industry and business awards.

Good trading conditions, combined with 24/7 support, innovative trading tools, and an attractive system of bonuses and promotions, make InstaForex the broker of choice for 2,000,000 traders all over the world.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS

Relatively high maximum leverage

No minimum deposit

Reputable regulation

Features Features Features

FeatureInformation
RegulationCySEC
Minimum deposit fromNo minimum deposit
Average spread fromAverage floating 0.8 pips
Commissions from‎None
Deposit/Withdrawal FeesNone
Maximum Leverage1:1000
Bonuses30% Deposit Bonus
Customer Support24/5

IQ Option IQ Option IQ Option

Overview

Launched in 2013, IQ Option has established a solid reputation as a leading Forex and CFD trading broker.

Over the years, IQ Option has expanded its services to many instruments, including Forex, stocks, cryptocurrency, commodities, and ETFs.

The platform is recognized for its wide range of assets, intuitive interface, seamless trading apps for desktop/mobile, and outstanding customer service. In addition, it offers some of the lowest spreads in the industry.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS

Well regulated

Low minimum deposit

Customer support can be unresponsive

Features Features Features

FeatureInformation
RegulationCySEC
Minimum deposit from$10
Average spread fromFloating spreads from 0.01 pips
Commissions from0.6%
Deposit/Withdrawal Fees$31 withdrawal fee for bank transfer
Maximum Leverage1:500
BonusesNone
Customer Support24/5

LiteForex LiteForex LiteForex

Overview

LiteForex Investments Limited is an established CFD and forex broker. Clients can trade on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms using multiple deposit and withdrawal methods.

There is a good range of tradable forex and CFD assets, plus the MT4 & MT5 platforms. The website is easy to navigate, the support function easily accessible and there are multiple free analysis tools.

The LiteForex Investments Limited brand is largely inclusive and despite its international presence, remains tailored.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS

Social trading available

MetaTrader 4 and 5 are available

Multilingual customer support

Limited trading instruments

No VPS available

 

Features Features Features

FeatureInformation
RegulationMarshall Islands Business Corporation Act
Minimum deposit from$50
Average spread from1.9 pips
Commissions fromNo commissions
Deposit/Withdrawal FeesNone
Maximum Leverage1:1000
Bonuses100% forex deposit bonus
Customer Support24/5

AvaTrade AvaTrade AvaTrade

Overview

AvaTrade is an award-winning online broker offering Contracts for Difference (CFDs) on Commodities, Stocks, Indices, Cryptocurrencies, and more. The company is regulated across 6 jurisdictions with a global clientele in over 150 countries.

Traders benefit from tight spreads, easy deposit methods, multilingual customer support, 1000+ instruments, immediate execution of positions, and access to live liquidity through a wide range of platforms.

AvaTrade provides multiple online forex trading platforms including MT4, MT5, DupliTrade, WebTrader, AvaOptions, and the AvaTradeGO mobile app – there’s something for everyone. Forex Traders also enjoy real-time updates to stay on top of the market.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Broad range of tradable instrumentsHigh EURUSD and inactivity fees
MetaTrader 4 and 5 available 
Excellent educational resources

Features Features Features

FeatureInformation
RegulationCentral Bank of Ireland, MiFID, ASiC, BVI
Minimum deposit from$100
Average spread from0.9 pips
Commissions fromNo commission on Forex
Deposit/Withdrawal FeesNone
Maximum Leverage1:400
BonusesFirst Deposit Bonus
Customer Support24/5 – multilingual

Easy Markets Easy Markets Easy Markets

Overview

Easy Markets is an online market maker that provides a trading platform for Contracts for Difference (CFDs).

Easy Markets offers CFD trading in a variety of asset classes including forex, metals, agricultural goods, energy, indices, and cryptocurrencies.

The Easy Markets trading platform is known for its innovative features, including its proprietary dealCancellation tool, and its emphasis on transparent pricing.

The company is home to over 300 markets and a range of trading instruments including spot trades, forwards, and options.

Pros and Cons Pros and Cons Pros and Cons

✔️Pros

 

Highly simulated demo environment

Responsive and professional customer support

❌Cons

 

Proprietary Deal Cancellation feature is not available on the MetaTrader 4 platform

Features Features Features

FeatureInformation
RegulationCySEC
Minimum deposit from$100
Average spread from0.9 pips
Commissions fromNone
Deposit/Withdrawal FeesNone
Maximum Leverage1:400
Bonuses$25 Sign Up Bonus
Customer Support24/5

City Index City Index City Index

Overview

City Index is a Financial Conduct Authority (FCA) regulated broker with global operations, most notably in the UK, Australia, Singapore, and the United Arab Emirates.

City Index is a well-regulated broker that offers its customers access to over 12,000 markets across forex, indices, shares, cryptocurrencies, and commodities.

Customers can take comfort in the broker’s 37-year operating history and strong financial backing from its publicly traded parent company. City Index offers a wide variety of trading platforms, including robust mobile applications on iOS and Android for on-the-go traders.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS

Low trading fees

No fees for deposit and withdrawal

Comprehensive research tools

Limited product portfolio

 

Features Features Features

FeatureInformation
RegulationFCA, ASIC
Minimum deposit from$100
Average spread from1.5 pips
Commissions from‎$3
Deposit/Withdrawal FeesNone
Maximum Leverage1:200
BonusesDeposit Bonus
Customer Support24/6

OANDA OANDA OANDA

Overview

OANDA offers clients exposure to a variety of financial instruments but is a good fit for seasoned traders looking for stellar desktop trading experience.

Product offerings vary by region. For example, U.S. clients can only trade FX, but the broker boasts fast and reliable trade execution, research resources that are above industry norms, functional user interfaces, and a verifiable track record of regulatory oversight.

Pros and Cons Pros and Cons Pros and Cons

✔️Pros

 

User-friendly trading platform

Low minimum deposit

Low trading fees

❌Cons

 

Lack of decent customer service

High withdrawal fees

Limited instruments for forex and CFDs

Features Features Features

FeatureInformation
RegulationFCA, RFED
Minimum deposit fromNone
Average spread from1.6 pips
Commissions from$0.01 USD per trade
Deposit/Withdrawal FeesNone
Maximum Leverage1:100
BonusesNone
Customer Support24/5

FXCM FXCM FXCM

Overview

Consumers looking to trade forex and CFDs across a variety of asset sectors could be well advised to register with FXCM.

FXCM was founded in the UK in 1999 and offers global traders opportunities to access the most liquid markets in the world. The business was taken over by Leucadia Investments in 2015.

FXCM operates more than 130,000 global customer accounts and has received a variety of prestigious industry awards.

The online platform is used by private traders alongside institutional investors, and the broker also has a number of global affiliates in order to meet customer needs.

Pros and Cons Pros and Cons Pros and Cons

✔️Pros

 

Excellent educational resources for beginner traders

Low minimum deposit requirement

Advanced research tools

Excellent customer support

❌Cons

 

No Web Trader option available for trading platforms

Rudimentary mobile trading platform

Limited product portfolio

 

Features Features Features

FeatureInformation
RegulationFCA, ASIC, ACPR, FSP
Minimum deposit from$50
Average spread from1.3 pips
Commissions from£4 per standard round-turn lot (£2 per side)
Deposit/Withdrawal FeesNone
Maximum Leverage1:400
Bonuses$20 Welcome Bonus
Customer Support24/5

IG Markets IG Markets IG Markets

Overview

As the world’s largest financial spread betting and CFD broker by revenue, and winning highly-acclaimed awards such as Broker of the Year 2018 (UK Forex Awards) and Best CFD Provider 2017), IG Markets is an attractive choice for both the beginner and the seasoned trader.

With regulation from the FCA, ASIC, and the FSCA, award-winning technology, and over 195,000 clients worldwide IG Markets is a principal player in the CFD, Forex trading, and spread betting industries.

Pros and Cons Pros and Cons Pros and Cons

✔️Pros

 

Excellent customer support

Advanced suite of technical indicators

Secure and well-regulated trading environment

❌Cons

 

A demo account is only available for 30 days, and not all platforms can be tested

Limited range of currency options

 

Features Features Features

FeatureInformation
RegulationFCA, FSCA
Minimum deposit fromNo minimum deposit
Average spread fromVariable
Commissions from£3.00 – £8.00 per trade for all types of assets
Deposit/Withdrawal FeesNone
Maximum Leverage1:200
BonusesNone offered
Customer Support24/6

CMC Markets CMC Markets CMC Markets

Overview

Established in 1989, CMC Markets is a leading global provider of financial spread betting and contracts for difference (CFDs).

Headquartered in the City of London and listed on the LSE, the broker has offices in Sydney, Singapore, Toronto, and across Europe.

CMC Markets has over 80,000 active clients globally, executing 64.5m spread bet and CFD trades annually (2018-19) on an award-winning trading platform and native mobile apps.

This unique proprietary trading platform allows clients to trade FX, indices, cryptocurrencies, commodities, shares, and treasuries via CFDs and spread bets.

Pros and Cons Pros and Cons Pros and Cons

✔️Pros

 

An extremely broad range of tradable instruments

Unlimited period on the demo account

No minimum deposit

❌Cons

 

The lengthy account verification process

High withdrawal fees

Inactivity fee

Features Features Features

FeatureInformation
RegulationFCA
Minimum deposit fromNone
Average spread from0.7 pips
Commissions from$10
Deposit/Withdrawal FeesNone
Maximum Leverage1:500
Bonuses$250 Referral Bonus
Customer Support24/5

Admiral Markets Admiral Markets Admiral Markets

Overview

Admiral Markets is a leading online trading provider, offering to trade with Forex and CFDs on stocks, indices, precious metals, and energy. The broker currently counts more than 24,109 active clients.

In 2011 alone, the Admiral Markets Group experienced a growth of 70 percent.

The company has recently won two awards: Admiral Markets AS, serving the Admiral Markets Group’s European clients, was voted “Best Forex Broker in the Baltic Region” as well as awarded the title “Best of the Best” in The New Europe magazine’s 2012 FX Award.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Segregated client accountsNo fixed spread accounts
Advanced trading tools

 

Negative balance protection

Features Features Features

FeatureInformation
RegulationFCA, ASIC, CySEC
Minimum deposit from$100
Average spread from0.6 pips
Commissions from 0.01 USD (or the equivalent in another currency) per share per side
Deposit/Withdrawal Fees1% on e-wallets
Maximum Leverage1:500
Bonuses50 EUR No Deposit Bonus
Customer Support24/5

HFM HFM HFM

Overview

HFM has covered a significant part of the financial markets by offering Forex, Metals, Energies, Indices, Shares, CFDs, ETFs, and Binary Options through its different trading accounts.

HFM certainly understands their clients’ tastes and preferences, which is why they have incorporated a multitude of trading instruments to offer a diverse product portfolio. However, when it comes to choosing an account, HFM provides nine different types of accounts, which is a lot for the average trader.

HFM is regulated by several bodies including CySEC, CFTC, and the FSC of Mauritius, and offers attractive bonuses to traders in eligible jurisdictions.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Award-winning brokerOffshore broker
Well regulated 
Low minimum deposit

Features Features Features

FeatureInformation
RegulationCySEC, DFSA, FCA, FSA, FSCA
Minimum deposit from$5
Average spread from0,0 pips
Commissions fromUSD 0.03 per 1K lot.
Deposit/Withdrawal FeesNone
Maximum Leverage1:1000
Bonuses100% Supercharged Bonus
Customer Support24/5

 

Pepperstone Pepperstone Pepperstone

Overview

Pepperstone is an Australian forex broker that also offers some CFDs. It was established in 2010 and opened a London office in 2015 to be able to better serve its European clients.

Pepperstone is considered safe since it’s regulated by two top-tier financial authorities, the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Forex and equity index fees are low. Customer service is great, giving you relevant answers within a short time. Deposit and withdrawal are a breeze, with no fees charged.

Pros and Cons Pros and Cons Pros and Cons

✔️Pros

 

No minimum deposit

Low trading fees for forex

No added costs for withdrawals or deposits

❌Cons

 

A limited number of instruments

No additional research tools

 

Features Features Features

FeatureInformation
RegulationFCA, ASIC
Minimum deposit fromAUD200
Average spread from0.4 pips
Commissions from‎$3.76 commission per lot per trade
Deposit/Withdrawal FeesNone
Maximum Leverage1:500
BonusesNone
Customer Support24/5

IC Markets IC Markets IC Markets

Overview

IC Markets offers the client a number of convenient platforms to carry out currency trading such as MetaTrader 4, one of the most popular trading platforms in the world offering the client very unique features. These include the charting function and innovative order-management tools that enable you to monitor positions better and with speed.

In terms of service quality and overall technical features, the firm is well ahead of the competition. Many reviews on the firm’s operations have given it an average A- grade rating.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Low forex fees

 

Easy and fast account opening

Free deposit and withdrawal

No Negative Account Balance Protection

 

Limited number of available CFDs

Features Features Features

FeatureInformation
RegulationASIC
Minimum deposit from$200
Average spread from0.0 pips
Commissions from‎None
Deposit/Withdrawal FeesNone
Maximum Leverage1:500
BonusesNone
Customer Support24/7

AxiTrader AxiTrader AxiTrader

Overview

Established in 2007 in Sydney, AxiTrader is a leading trading platform created by traders for traders. With more than ten years of experience on the global financial scene, the platform has consolidated its position as the largest Forex broker in Australia.

At AxiTrader, traders are presented with all the features they could possibly need. There, you have a choice from a broad range of 80 currency pairs, including widely used currencies like GBP, USD, EUR, and JPY.

The platform boasts liquidity from fourteen of the biggest banks on a global scale.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Segregated client accountsNo fixed spread accounts

Advanced trading tools

Negative balance protection

Features Features Features

FeatureInformation
RegulationASIC, FCA, DFSA
Minimum deposit fromNo minimum deposit
Average spread from1.24 pip
Commissions from $ 7 commission charged per round
Deposit/Withdrawal FeesNone
Maximum Leverage1:400
Bonuses20% Deposit Bonus
Customer Support24/5

Tickmill Tickmill Tickmill

Overview

The Tickmill Group was founded in 2014 and has experienced a remarkable growth trajectory ever since. Regulated in three jurisdictions, it has over 111,000 traders with more than 263,000 accounts.

Tickmill’s most valuable asset is its eleven-member research team, which provides traders with exceptional coverage of the financial markets.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Competitive pricing

 

Well regulated

High leverage

Advanced trading software

STP model

Features Features Features

FeatureInformation
RegulationFSA
Minimum deposit from$100
Average spread from0.1 pips
Commissions from‎2 per side per 100,000 traded
Deposit/Withdrawal FeesNone
Maximum Leverage1:500
Bonuses$30 Welcome Bonus
Customer Support24/5

FXPrimus FXPrimus FXPrimus

Overview

FXPRIMUS is an ECN broker founded in 2009 and fully regulated in South Africa since 2018. Globally acclaimed for offering one of the fastest and most secure online trading environments, the company has a triple focus on education, safety, and technological innovation.

A true multi-asset broker, FXPRIMUS offers multiple tradeable instruments including Forex, Commodities, Energies, and Indices with spreads from as low as 0 pips on the MT4 platform and across three account types.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Commission free tradingNo fixed spread accounts
Negative Balance Protection provided

 

VPS Service available

Features Features Features

FeatureInformation
RegulationFCA, ASIC, CySEC
Minimum deposit from$100
Average spread from0.6 pips
Commissions from 0.01 USD (or the equivalent in another currency) per share per side
Deposit/Withdrawal Fees1% on e-wallets
Maximum Leverage1:500
Bonuses50 EUR No Deposit Bonus
Customer Support24/5

BDSwiss BDSwiss BDSwiss

Overview

BDSwiss was launched in the Zurich area in the year 2012. The business currently has more than €20bn in forex trades each month and is a global provider with over 16,000 affiliate accounts.

BDSwiss is licensed by CYSEC in the EU, the National Futures Association in the United States, and the FSC.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
MetaTrader 4 and 5 availableRelatively high minimum deposit
Multiple regulations

Features Features Features

FeatureInformation
RegulationCySEC, FSC, NFA
Minimum deposit from$200
Average spread from1.3 pips
Commissions from 0.1% for stock and CFDs
Deposit/Withdrawal Fees10 EUR from 20 EUR upwards
Maximum Leverage1:500
Bonuses50 EUR No Deposit Bonus
Customer Support24/5

Alpari Alpari Alpari

Overview

Alpari International operates a web-based MetaTrader 4 and MetaTrader 5 platform, with a dealing desk. Both platforms will provide a great level of flexibility, including modern and intuitive charting tools and simple navigation.

If you open an MT4 MicroAccount, you will have access to instant order execution, with margin calls at 50% and stop outs set to 30%. The standard MT4 account also offers instant execution, however, margin calls are set slightly higher at 60%.

For more experienced traders, the ECN accounts may be more appealing. These offer margin calls of 100%, although pending orders are set at a maximum of 300.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Advanced trading platformsLimited independent research tools
Excellent customer support

 

Caters to a wide range of trading styles and experience levels

Features Features Features

FeatureInformation
RegulationFinancial Services Commission (FSC)
Minimum deposit from$100
Average spread from1.2 pips on majors
Commissions fromcharged at 4 units of the Base currency
Deposit/Withdrawal FeesNone
Maximum Leverage1:1000
BonusesCashback Promotion
Customer Support24/5

Dukascopy Dukascopy Dukascopy

Overview

Dukascopy is an online broker and bank headquartered in Europe. Users can trade forex, CFDs, and binary options on the broker’s JForex 3 platform or MetaTrader 4 (MT4).

The JForex 3 platform is excellent for technical trading and automated strategies. It’s available as a desktop download or can be accessed via a web browser.

Online charts, 24 drawing tools, and over 270 indicators and chart studies allow traders to analyze market sentiment.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Good choice for high volume traders

 

Comprehensive analytical tools

Flexible trading on advanced platforms

Good selection of currency accounts

High commission

 

Charges withdrawal fees

High minimum deposit

Charges inactivity fee

Features Features Features

FeatureInformation
RegulationFINMA
Minimum deposit from$100
Average spread from0.3 pips
Commissions from‎$49.5 per $1 million traded
Deposit/Withdrawal FeesVaries depending on the method
Maximum Leverage1:200
Bonuses10% Equity Bonus
Customer Support24/5

 

FreshForex FreshForex FreshForex

Overview

FreshForex is a broker offering forex and CFD trading through several account types and the MT4 platform.

The broker provides over 130 financial instruments to clients from over 200 countries worldwide, as well as a range of educational tools for both beginners and experts.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
High leverage

 

Commission-free trading

Advanced trading platforms

Lax regulation

 

Features Features Features

FeatureInformation
RegulationCRFIN
Minimum deposit fromNone
Average spread from2 pips
Commissions fromNo commissions
Deposit/Withdrawal FeesNone
Maximum Leverage1:2000
Bonuses$200 No Deposit Bonus
Customer Support24/5

JustForex JustForex JustForex

Overview

JustForex is a retail forex broker that was founded and headquartered in Belize. Over the years in the forex industry, it has managed to grow in leaps and bounds in a bid to cement its place as one of the best forex brokers worldwide.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Wide range of deposit and withdrawal methods

 

Low minimum deposit

Excellent customer support

Lax regulation

 

No MetaTrader MAC version

 

Features Features Features

FeatureInformation
RegulationFSA
Minimum deposit from$1
Average spread from0.1 pips
Commissions fromNo commissions
Deposit/Withdrawal FeesNone
Maximum Leverage1:3000
Bonuses115% Deposit Bonus
Customer Support24/7

OctaFX OctaFX OctaFX

Overview

OctaFX was founded in 2011 and offers Forex ECN trading, as well as CFD trading on Indices, Metals, and Cryptocurrencies, across the MetaTrader and cTrader suite of trading platforms for Windows Desktop, Web (Windows and Mac), and Mobile (Android and iOS).

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Ultra-fast executionNo VPS available
More than 30 forex pairs available

 

Well-regulated

No Forex educational tools

Features Features Features

FeatureInformation
RegulationCySEC
Minimum deposit from$100
Average spread from0.7 pips
Commissions from None
Deposit/Withdrawal FeesNone
Maximum Leverage1:500
Bonuses50% Deposit Bonus
Customer Support24/5

Plus500 Plus500 Plus500

Overview

Established in 2008, Plus500 is a reputable and regulated broker which has regulation and authorization in numerous jurisdictions.

Plus500 offers traders the opportunity to trade in numerous global markets by offering over 2,000 tradable financial instruments. These can be traded through Plus500’s innovative, advanced, user-friendly proprietary trading platforms.

Plus500 offers comprehensive trading solutions and competitive trading conditions to a great number of traders from around the world.

77% 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.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Well-regulated by numerous entitiesHigh inactivity fee
Multilingual supportWithdrawal fees are charged, and withdrawal conditions are strict
Segregated accounts for client fundsLimited payment methods supported
Large variety of financial instrumentsNo choice between accounts or trading platforms
Low and competitive trading feesDesktop version of trading platform not available

Features Features Features

FeatureInformation
RegulationCySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Minimum deposit from$100
Customer Support4/7
Commissions from$0
Deposit/Withdrawal FeesYes
Maximum Leverage1:30
BonusesYes
 2

Vantage FX Vantage FX Vantage FX

Overview

Vantage FX is a CIMA regulated Forex broker, providing traders with access to the global Forex market through top-tier FX liquidity providers. With Vantage FX, you will experience super-fast trade execution, as well as interbank grade, RAW ECN spreads.

Pros and Cons Pros and Cons Pros and Cons

✔️PROS❌CONS
Well regulated

 

Advanced trading platforms

Has indemnity insurance

Limited range of tradable instruments

Features Features Features

FeatureInformation
RegulationASIC
Minimum deposit from$200
Average spread from1.35 pips
Commissions from‎$3 added per side
Deposit/Withdrawal Fees20 units of trading account base currency
Maximum Leverage1:500
Bonuses50% Welcome Bonus
Customer Support24/5

XM XM XM

Overview

XM has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes Forex Trading, Stocks, CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, and Energies CFDs.

XM is a good company, with a wide selection of financial instruments and trading platforms.

Pros and Cons Pros and Cons Pros and Cons

✔️Pros

 

Low minimum deposit

Comprehensive educational offering

Streamlined account opening process

❌Cons

 

Inactivity fee charged after 90 days on live accounts

Limited product portfolio

Features Features Features

FeatureInformation
RegulationIFSC, ASIC, CySEC, FCA and DFSA
Minimum deposit from$5
Average spread from0.1 pips
Commissions from$3.5 commission per $100 000 traded
Deposit/Withdrawal FeesNone
Maximum Leverage1:30
Bonuses$30 Trading Bonus
Customer Support24/5

Frequently Frequently Frequently Asked Questions

What is a micro account?

Forex micro lots are equivalent to 1,000 units of the base currency. Essentially, a standard account lot is equal to ten mini account lots which are equal to ten micro account lots.

What are the benefits of a micro account?

Micro even small-scale traders have the ability to trade like professionals. A trader can buy and sell forex pairs the exact same way as anyone that is using a standard account but with a much smaller capital stake.

Which are the best forex brokers offering micro accounts?

Read our comprehensive list of the 27 best forex brokers offering micro accounts directly from the Forex Suggest website

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