You do not need thousands of dollars to start forex trading. Many brokers accept deposits as low as $1-25. In this guide, based on real data from 371+ brokers in the BrokersDB database, we have compiled the best-regulated, highest-quality brokers that welcome small accounts.
Best Brokers Ranked by Deposit Requirements
The following table compares brokers with low minimum deposits using real data from BrokersDB. These are verified figures from broker disclosures.
| Broker | Min Deposit | Spread EUR/USD | Regulation | Platforms | Best For |
|---|---|---|---|---|---|
| Exness | $1 | 1 pip (Standard) | CySEC/FSA | MT4/MT5 | Lowest deposit |
| Pepperstone | $10 | 0.1 pips (Razor) | ASIC/FCA/CySEC | MT4/MT5/cTrader | Best overall |
| Eightcap | $100 | 1 pip (Standard) | ASIC/CySEC | MT4/MT5/TradingView | TradingView |
| AvaTrade | $100 | 0.9 pips (fixed) | ASIC/CySEC/CBI | MT4/MT5 | Fixed spreads |
| FxPro | $100 | 1.5 pips (MT5) | CySEC/FCA/SCB | MT4/MT5/cTrader | Multi-asset |
| IC Markets | $200 | 0.0 pips (Raw) | ASIC/CySEC | MT4/MT5/cTrader | Lowest spreads |
1. Exness — Lowest Minimum Deposit ($1)
Exness offers the lowest minimum deposit in the industry—just $1 for their Standard account. Based on BrokersDB data:
- **Standard Account:** $1 minimum, 0.3 pips from, average 1 pip on EUR/USD, no commission.
- **Raw Spread Account:** $10 minimum, 0.0 pips from, average 0.1 pips on EUR/USD, $3.50/lot/side commission.
- **Regulation:** CySEC (Cyprus), FSA (Seychelles), FCA (UK).
Exness is ideal if you want to test trading with minimal capital. Their 25ms execution speed is excellent, and their instant withdrawal system allows you to access funds quickly.
2. Pepperstone — Best Overall for Low Deposits
Pepperstone offers institutional-grade pricing with just a $10 minimum deposit. Based on BrokersDB data:
- **Standard Account:** $10 minimum, variable spreads from 0.6 pips, no commission.
- **Razor Account:** $10 minimum, 0.1 pips average on EUR/USD, $3.50/lot/side commission.
- **Regulation:** ASIC (Australia), FCA (UK), CySEC (Cyprus), DFSA (Dubai), CMA (Kenya), BaFin (Germany).
Pepperstone is the best balance of low cost, strong regulation, and excellent platforms. Their $10 minimum for the Razor account is the lowest in the industry for true ECN pricing.
3. Eightcap — Best for TradingView with $100
Eightcap offers TradingView integration with a $100 minimum deposit. Based on BrokersDB data:
- **Standard Account:** $100 minimum, variable spreads from 1 pip, no commission.
- **Raw Account:** $100 minimum, 0.0 pips from, $3.50/lot/side commission.
- **Regulation:** ASIC (Australia), CySEC (Cyprus), SCB (Bahamas).
Eightcap is ideal if you want to use TradingView for charting and analysis. Their direct integration allows you to execute trades from TradingView without switching platforms.
Tips for Trading with Small Accounts
- **Start with a demo account** — Practice before risking real money, even if it is just $1.
- **Use proper risk management** — Never risk more than 1-2% of your account on a single trade. Use our Position Size Calculator to calculate the correct lot size.
- **Trade small lot sizes** — Start with 0.01 lots and gradually increase as you gain experience.
- **Focus on learning** — Your initial goal should be education, not profit.
- **Avoid high leverage** — Just because you can use 500:1 does not mean you should.
Ready to Start with a Small Deposit? Compare Brokers on BrokersDB
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