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The Top 10 Best Forex Brokers with $5 USD Minimum Deposit revealed. We have rated and reviewed the best Forex Brokers requiring a $5 USD Minimum Deposit.
This is a complete listing of The 10 Best Forex Brokers with a $5 USD Minimum Deposit required. In this in-depth write-up you will learn:
and much, much more!
A minimum deposit when Forex Trading is a required amount of capital that needs to be transferred into a live trading account either to open the account or in order to start trading. The required minimum deposit amount will differ according to the account type and broker chosen.
 Broker |  Min. Deposit |  Leverage |  Spread |  Open an Account |
 HFM |  $5 USD | 1:1000 | 0.0 Pips |  Click Here |
 XM |  $5 USD | 1:1000 | 1 Pip | Click Here |
 Exness | $5 USD | 1:1000 | 0.3 Pips | Click Here |
 FXTM | $5 USD | 1:2000 | 0.0 Pips | Click Here |
 OctaFX | $5 USD | 1:500 | 0.6 Pips | Click Here |
| NordFX | $5 USD | 1:1000 | 1 Pip | Click Here |
| Alpari | $5 USD | 1:50 | 1.1 Pips | Click Here |
| FBS | $1 USD | 1:3000 | 1 Pip | Click Here |
| AXI | $1 USD | 1:500 | 0.4 Pips | Click Here |
| IQ Option | $1 USD | 1:30 | 0.6 Pips | Click Here |
HFM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 100+ trading instruments. It is regulated by one tier-1 regulator (highest trust) and three tier-2 regulators.(medium trust) It has a trust score of 95% out of 100.
| Brokers Name | HFM Ltd |
 Regulation | CySEC, FCA, FSCA |
 Minimum deposit | $0 |
| Maximum Leverage | 1:2000 |
 Asset Types | Forex, Metals, etc. |
 Trading platforms | Web, MT4, MT5 |
| 0.01 – 500 |
| Demo | Yes |
| Open an Account | Click Here |
The minimum deposit amount required to register an HFM live trading account ranges between $5 USD and $300 USD depending on the account type chosen.
| HFM Account | Minimum Deposit |
| Premium Account | $0 USD |
| Zero Spread Account | $0 USD |
| Pro Account | $100 |
| Open an Account | Click Here |
| Pros |  Cons |
| Segregates client funds | Limited range of instruments |
| Regulated by CySEC | Not FCA Regulated |
Overall XM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 1000+ trading instruments.
| Broker | XM |
 Regulation | FSC / DFSA / CySEC / ASIC |
 Bonus | Yes* |
 Demo Account | Yes |
| Spreads from | 0.6 |
| Min. Deposit | $5 |
| Max Leverage | 1:000** |
 Managed Accounts |  No |
 Fees | No |
| Open an Account | Click Here |
*Bonus is available for clients registered under XM Global Limited only. For further information, please visit the XM website.
**Leverage: The maximum leverage for clients registered under the EU & AU regulated entity of the Group is 30:1. Leverage depends on the financial instrument traded
The minimum deposit amount required to register an XM live trading account is $5 USD. XM makes 4 live trading accounts available, the Micro Account, the Standard Account, the XM Ultra Low, and XM Shares Account respectively.
| XM Account | Min. Deposit | Open an Account |
| Micro Account | $5 | Click Here |
| Standard Account | $5 | Click Here |
| XM Ultra Low Account | $5 | Click Here |
| Shares Account | $10,000 | Click Here |
| Pros | Cons |
| Licensed and Regulated | No banking license |
| Tight spreads | Increased spreads (Selected Accounts) |
| 50+ Currency pairs |
Overall, Exness is regulated by two tier-1 regulators, two tier-2 regulators, and four tier-3 regulators respectively. It has a high trust score of 97 out of 100 and is considered low-risk. Exness offers 4 retail trading accounts.
| Broker | Exness |
| Regulation | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA |
 Trading Desk | MetaTrader4, MetaTrader 5 |
| Sign Up Bonus | Standard +10% |
 Min. Deposit from | $10 USD |
| Spreads from | 0.1 Pips |
 Max Leverage | 1:2000 |
| Commission | Yes |
 Inactivity Fee | No |
| Open an Account | Click Here |
The minimum deposit amount required to register an Exness Professional live trading account is $500 USD. This minimum deposit amount required for Standard Account registration will depend on the payment system chosen.
| Account | Min Deposit | Open an Account |
| Standard | $500 USD | Click Here |
 Pros | Cons |
| Secure login offered | HIgh Minimum Deposit |
| 1:500 leverage available | Off shore broker |
| Competitive spreads | |
| Copy trading functionality | |
| MT4 & MT5 trading platforms | |
| True STP pricing |
Overall, FXTM can be summarised as a credible and trusted broker that is very competitive in terms of its trading fees (against major currency pairs). The spread is also very low and is considered a low-risk trading environment. FXTM is considered safe because it is regulated by the top FCA.
| Broker | FXTM |
| Regulation | CySEC, FCA, FSC, FSCA |
 Islamic Account | Yes |
| Demo Account | Yes |
| Institutional Accounts | No |
 Customer Service | 24/5 |
| Open an Account | Click Here |
The minimum deposit amount required to register an FXTM live trading account is $5 USD. This minimum deposit amount required will differ depending on the account option selected.
| Account | Micro | Advantage | Advantage Plus |
| Minimum Deposit | $/€/£ 10, ₦10,000 | $/€/£ 500, ₦80,000 | $/€/£ 500, ₦80,000 |
| Open an Account | Click Here | Click Here | Click Here |
| Pros | Cons |
| Excellent commission-based Forex pricing | Limited choice of cryptocurrencies |
| Proprietary copy trading platform | Limited choice commodities |
Overall, OctaFX can be summarised as a trustworthy and worthwhile broker with a trust score of 90 out 99. OctaFX is very competitive in terms of its trading fees, with low spreads rounding off its offerings.
| Broker’s Name | OctaFX |
 Headquartered | Kingstown, St Vincent, and the Grenadines |
 Year Founded | 2011 |
| Regulating Authorities | SVGFSA |
 Countries not accepted for trade | The United States, Canada, Belgium, and others outside Europe |
| Islamic account (swap-free) | Yes |
 Demo Account | Yes |
| Institutional Accounts | No |
| Managed Accounts | No |
| Maximum Leverage | 1:500 |
| Minimum Deposit | 5 USD |
| Deposit Options | Visa Bitcoin Skrill Neteller |
| Withdrawal Options | Visa Bitcoin Skrill Neteller |
| Platform Types | MetaTrader 4, MetaTrader 5, cTrader |
 OS Compatibility | Desktop, iOS, and Android |
| Tradable assets offered | Forex, metals, stock indices, cryptocurrencies, and energies |
 Languages supported on Website | English, Indonesian, Malay, Hindi, Urdu, Thai and Vietnamese |
 Customer Support Languages | English, Indonesian, Malay, Hindi, Urdu, Thai and Vietnamese |
 Customer Service Hours | 24/7 |
| Open an Account | Click Here |
The minimum deposit amount required to register an OctaFX live trading account is $5 USD. This minimum deposit amount required will differ depending on the account option selected.
| OctaFX Account | Micro | Pro | ECN |
| Min. Deposit | $100 USD | $500 USD | $100 USD |
| Open an Account | Click Here | Click Here | Click Here |
| Pros | Cons |
| Regulated and authorized by CySEC | Limited assets |
| Unlimited demo account | Low Crypto coverage |
| Advanced technology | No VPS |
| Forex and CFDs offered | No clients from USA |
Overall, NordFX can be summarised as a trustworthy and worthwhile broker with a trust score of 86 out of 100. NordFX is very competitive in terms of its trading fees, with low spreads rounding off its offerings.
| Broker | NordFX |
| Regulation | VFSC |
| Trading Platforms | MT4 |
| Signals | Yes |
| US Clients Accepted | No |
| Islamic Account | Yes |
 Segregated Accounts | No |
| Managed Accounts | Yes |
| Demo Account | Yes |
| Open an Account | Click Here |
The minimum deposit amount required to register a NordFX live trading account is $5 USD. This minimum deposit amount required will differ depending on the account option selected.
| NordFX Account | Fix | Pro | Zero | Savings |
| Min. Deposit | $10 USD | $250 USD | $500 USD | $500 USD |
| Open an Account | Click Here | Click Here | Click Here | Click Here |
| Pros | Cons |
| Proprietary copy trading platform | Limited choice of trading instruments |
Overall, Alpari can be summarised as a credible and trusted broker that is very competitive in terms of its trading fees (against major currency pairs). The spread is also very low and is considered a low-risk trading environment.
| Broker | Alpari |
| Regulation | FSC |
| Islamic Account | Yes |
| Demo Account | Yes |
| Institutional Accounts | No |
| Max Leverage | 1:1000 |
| Trading Platforms | MT4 / MT5 |
| Open an Account | Click Here |
| Alpari Account | Forex Standard Account, MT4 | Forex Micro Account, MT4 |
| Account Currency | USD / EUR / GBP / NGN | USD / EUR / GBP / NGN |
| Minimum deposit | $/€/£ 100, ₦20 000 | $/€/£ 5, ₦1 000 |
| Open an Account | Click Here | Click Here |
| Pros | Cons |
| Caters to all types of traders | Little to no research tools |
| Seamless technology | Does not accept clients from the USA |
FBS can be summarised as a trustworthy broker with a good reputation that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market. FBS offers quality education material, friendly trading conditions, and research tools.
| Broker | FBS |
| Minimum Deposit | $1 USD |
| Regulation | FSCA, CySEC |
| Welcome Bonus | Yes |
| Islamic Account | Yes |
| Demo Account | Yes |
| Max Leverage | 1:3000 |
| Spreads from | 0 Pips |
| Spread Type | Fixed, Floating |
| Copy Trading | Yes |
| Inactivity Fee | None |
| Trading Platforms | MT4, MT5 |
 Trading Instruments | 100+ |
| Open an Account | Click Here |
The minimum deposit amount required to register an FBS live trading account ranges from $1 USD up to $1000 USD. The minimum deposit amount required will depend on the account option chosen.
| Account | Minimum Deposit |
| Cent | $1 USD |
| Micro | $5 USD |
| Standard | $100 USD |
| Zero Spread | $500 USD |
| ECN | $1000 USD |
| Crypto | $1 USD |
| Open an Account | Click Here |
| Pros | Cons |
| Negative Balance Protection | Limited Tradable assets |
| Excellent Regulation | Limited Trading Platforms |
Overall, Axi is considered low-risk and can be summarised as trustworthy and reliable. Axi is regulated by top-tier regulators. Axi is a top-rated platform that ranks #17 out of 981 with a rating of 8.4/10.
| Broker | AXI |
| Regulation | FCA / ASIC |
| Minimum Deposit | $0 USD |
| Max Leverage | 1:400 |
| Demo Account | Yes |
| Islamic Account | Yes |
| Open an Account | Click Here |
| Account | Standard | Pro | Elite |
| Min. Deposit | $0 USD | $0 USD | $25’000 USD |
| Open an Account | Click Here | Click Here | Click Here |
| Pros | Cons |
| Fully regulated | Only offers Forex / CFDs |
| Low trading fees | Limited research tools |
| No inactivity fee | Withdrawal Options Limited |
Overall, IQ Option can be summarised as a trustworthy broker with a good reputation that provides Contracts for Difference (CFDs) and trading facilities to a global market. IQ Options has 40 Million registered users worldwide.
| Broker | IQ Option |
| Min Deposit | $10 USD |
| Min Investment | $1 |
| Islamic Account | Yes |
| Demo Account | Yes |
| Regulations | CySEC |
| Open an Account | Click Here |
IQ Option offers 3 Different account types, all of which carry their own minimum deposit amount. A Minimum amount will need to be deposited in order to open a live trading account. In most cases when converted the minimum deposit will be close to $10 USD but this will depend on the investor’s chosen account currency.
| Account | Demo | Real | VIP |
| Minimum Deposit | Free | $10 USD | $1900 USD |
| Open an Account | Click Here | Click Here |
| Pros | Cons |
| Excellent Interface | Country Restrictions |
| Fast Account Opening | Inactivity Fee Charged |
| Low minimum deposit | Derivates Only |
Now it is your turn to participate:
Regardless, please share your thoughts in the comments below.
Yes, $5 minimum deposit forex brokers can be reliable, but traders should do their research and choose a reputable broker that is regulated by a reputable financial authority. Traders should also check the broker’s trading conditions, such as spreads, leverage, and trading platforms, to ensure that they are suitable for their trading needs.
Yes, traders can make profits with 5 dollar minimum deposit forex brokers, but it depends on their trading strategy, risk management, and market conditions. Traders should also be aware that trading forex involves a high level of risk, and they should only invest what they can afford to lose.
The main advantage of using $5 minimum deposit forex brokers is that traders can start trading with a small investment, which reduces their risk exposure. Additionally, these brokers often offer low trading fees and commissions, which can help traders to save money on their trades.
$5 USD minimum deposit brokers may have several disadvantages including limited trading features, higher fees, limited customer support, a higher risk of scams, and inadequate trading conditions. Traders may find that they have limited access to certain trading tools, pay higher fees, or have less favorable trading conditions with these types of brokers. Additionally, some 5 dollar minimum deposit brokers may not offer robust customer support or be regulated by reputable regulatory bodies. It’s essential to thoroughly research and compare different brokers before choosing one, regardless of the minimum deposit requirement, to ensure that the broker meets your trading needs and offers adequate support and security measures.
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