Micro forex account

83% of retail investor accounts lose money when trading cfds with this provider the key advantage of a micro account is the fact that it enables a beginner trader to limit his trading losses while having exposure to real life market experiences.

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Compare Forex Micro Accounts, micro forex account.

It is, therefore, an ideal way for a new trader to practice trading in the markets, without risking large amounts of capital.

Compare forex micro accounts

For our micro accounts comparison, we found 14 brokers that are suitable and accept traders from ukraine.

We found 14 broker accounts (out of 147) that are suitable for micro accounts.

Avatrade

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About avatrade

Platforms

Funding methods

79% of retail investor accounts lose money when trading cfds with this provider.

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About XTB

Platforms

Funding methods

82% of retail investor accounts lose money when trading cfds with this provider.

Axitrader

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About axitrader

Platforms

Funding methods

68.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

XM group

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About XM group

Platforms

Funding methods

78.04% of retail investors lose money when trading spread bets and cfds with this provider.

City index

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About city index

Platforms

Funding methods

73% of retail investor accounts lose money when trading cfds with this provider

Easymarkets

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About easymarkets

Platforms

Funding methods

83% of retail investor accounts lose money when trading cfds with this provider.

Admiral markets

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About admiral markets

Platforms

Funding methods

83% of retail investor accounts lose money when trading cfds with this provider

Core spreads

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About core spreads

Platforms

Funding methods

66.6% of retail investor accounts lose money when trading cfds with this provider

Forextime

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About forextime

Platforms

Funding methods

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Fxpro

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About fxpro

Platforms

Funding methods

80.52% of retail investor accounts lose money when trading cfds with this provider

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The ultimate guide to

Forex trading with micro accounts

The demand for micro accounts when trading forex is particularly high with new traders. Mini and micro accounts have remained an essential part of the forex trading business, and that is why a majority of brokers provide them.

Trading forex with a micro account makes it possible for traders to start trading with a smaller amount of capital. Traders also sometimes use micro accounts to try out new brokers with a live account whilst reducing the risks.

With micro accounts, traders can open trades with contract sizes starting from 1,000 lots rather than the larger 100,000 standard lot. This allows traders to refine their trading strategy with smaller deposits before moving to larger account sizes.

It used to be the case that with smaller micro accounts the leverage offered by brokers is often larger, but this has since been changed with ESMA limiting the amount of leverage offered to traders to a maximum of 1:30 on major forex pairs for less experienced traders.

Below, we have compiled a top five list of top regulated brokers that offer accounts to make micro trades (1,000 lot contract size).

1. Brokernotes’ popular micro account broker: avatrade

Avatrade gets credit as the broker that brought digital currency trading into the market. It is also among the first brokers to introduce CFD trading. The requirement for a minimum deposit is £100. Traders can make deposits through wire transfer, neteller, paypal, or credit cards.

The broker facilitates trading on the avatrade platform, which offers various features and customisation options. When trading forex, a trader does not have to pay for the advanced trading tools, just the spreads. There is also the availability of the platform on mobile devices. The ireland-based broker operates under EU regulations.

2. ETX capital

The minimum deposit a trader needs to open a live account with ETX capital is £100, and there is only one account type available; the standard account. There is a demo account as well that traders can use before opening a live account. The broker offers competitive spreads and lot of 0.01.

Traders have access to three trading platforms; traderpro, MT4, and ETX binary. ETX capital is a forex and cfds broker with licensing from the FCA in the UK. More than 5,000 markets are available for traders, which include currency pairs, shares, and indices.

3. London capital group

LCG has been operating since 1996 and is FCA regulated. One of the reasons traders prefer it is because its holding company is traded publicly on the london stock exchange. £1 is the minimum deposit that a trader can put in.

Trading is on the MT4 platform with 39 currency pairs, indices, and commodities. Payment methods supported by the broker include skrill, paypal, and major credit cards. LCG includes low commission charges in the spread when trading and traders don’t get hidden fees. It offers one account type and demo.

4. Plus500

The minimum deposit requirement when trading with plus500 is £100. Traders can deposit funds through wire transfer, moneybookers, visa, or mastercard.

The broker is listed on the LSE. Clients can access a trading platform that provides real-time analyses and allows trading in multiple markets. There are other features available that traders can use when making their trading decisions. Plus500 is not available to US clients.

Micro account FAQ

What are micro accounts?

Micro accounts are one of three types of forex trading accounts, the other two being the mini account and standard account. With a micro account, a trader can trade with a contract size of 1000 units of currency. This type of trading account is mostly utilised by beginner traders as it lets them trade the forex market without having to risk a substantial amount of trading capital.

What is the difference between a micro account and a mini account?

The difference between a micro account and a mini account is the contract size. While the contract size for a micro account is 1000 units of currency, the contract size of a mini account is 10,000 units of currency. Furthermore, with each account comes different benefits and trading conditions. So, for instance, you may get offered lower spreads and a higher leverage with a larger account type.

What is the difference between a micro account and a standard account?

The difference between a micro account and a standard account is the contract size traded. With a micro account, the contract size is 1000 units of currency whereas, with a standard, the contract size is 100,000 units of currency. In addition, most micro accounts do not have a minimum deposit whereas standard accounts generally require a minimum deposit of a few thousand dollars.

Who are micro accounts good for?

Micro accounts are good for beginner traders as it lets them trade with a smaller investment capital and hence enabling them to manage their trading risks better. At the same time, micro accounts also help traders to limit their trading losses.

What are the advantages of a micro account?

The key advantage of a micro account is the fact that it enables a beginner trader to limit his trading losses while having exposure to real life market experiences. It is, therefore, an ideal way for a new trader to practice trading in the markets, without risking large amounts of capital.

What are the disadvantages of a micro account?

The main disadvantage of a micro account is the fact it limits your profit potential, as you will be trading with just a small investment capital. In addition, the spreads on a micro account are normally higher than a standard account.

Micro account vs demo account for testing?

In forex trading, demo accounts allow traders to trade the market with virtual money. Demo accounts give traders experience without them having to risk any money. However, because demo account users are trading with virtual money, they will not be able to actually experience how it feels to actually lose or profit a trade with real money. In effect, it negates the psychological aspect of trading. With a micro account, a beginner trader can feel how it is to trade in real life with real money, with real risks, while still only risking only a small portion of their capital.

Is the micro account right for you?

The suitability of a micro account will depend on your trading objectives. If you are aiming to gain more trading experience while risking minimal investment capital, then the micro account will be a good fit for your trading objectives. However, if your trading objectives are lower trading costs and higher profit potential, then the micro account might not be a suitable trading account for you.

Why choose avatrade
for micro accounts?

Avatrade scored best in our review of the top brokers for micro accounts, which takes into account 120+ factors across eight categories. Here are some areas where avatrade scored highly in:

12+ years in business

Offers 250+ instruments

A range of platform inc. MT4, mac, mirror trader, zulutrade, web trader, tablet & mobile apps

Avatrade offers four ways to tradeforex, cfds, spread betting, social trading. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

Avatrade have a AAA trust score. This is largely down to them being regulated by central bank of ireland, ASIC, IIROC, FSA, FSB, UAE and BVI, segregating client funds, being segregating client funds, being established for over 12

Trust score comparison

avatrade	XTB	axitrader
trust score	AAA	AAA	AAA
established in	2006	2002	2007
regulated by	central bank of ireland, ASIC, IIROC, FSA, FSB, UAE and BVI	financial conduct authority	financial conduct authority and ASIC
uses tier 1 banks
company type	private	private	private
segregates client funds

A comparison of avatrade vs. XTB vs. Axitrader

Want to see how avatrade stacks up against XTB and axitrader? We’ve compared their spreads, features, and key information below.

What are forex micro and mini accounts and how do they work?

Have you ever thought of getting into the forex market but thought you needed a large amount of cash to get started? Fortunately, you can get started with as little as $50, although usually the minimum trades are lots of 1,000 or 10,000 units, depending on whether it is a mini or a micro account. Forex micro accounts trade in smaller units, so they are often the easiest to get into right away. Forex mini accounts also deal in small amounts, usually starting at 10,000 units.

How can I open forex micro or mini accounts?

Several brokers offer forex micro or mini accounts. When looking at a forex brokerage firm, ask for the minimum investment. You can also ask them specifically if they do micro or mini accounts. You would open these accounts like you would any other kind of forex account. The difference is that you will invest a smaller minimum amount and will trade in smaller increments. If you are not sure how to get started, look up forex brokers in your favorite search engine. Contact all the brokers you can and ask what they require to get started. Interview each one like you would a job candidate. Find out how much exactly you have to invest, basic investment strategies, the average return, risk management strategies, etc. Before deciding on a specific broker.

What are the advantages of a forex micro or a mini account?

The most obvious advantage to either a forex micro account or a forex mini account is that it allows you to get into the market more easily and to trade without risking large sums of money. If you are just learning how to trade in the market or are reluctant to invest large sums in any one account, these kinds of accounts may be right for you. Micro accounts, with their low minimums, are especially useful for beginners to practice and gain experience before moving on to larger trades. Forex mini trading accounts are often ideal for large investors who do not want to put all their eggs in one basket.

Are there drawbacks to opening a forex micro or a mini account?

As with any investment, there is always a risk. This is probably the largest disadvantage to forex mini and micro accounts. On the other hand, a small amount being invested also means that you probably will not make huge profits either. Depending on your reasons for opening an account, these disadvantages might be acceptable. For instance, if you are just learning, it is better to potentially lose smaller amounts. If you are a large investor, you also may want to make smaller trades with the help of forex mini accounts to mitigate risk in other investments.

Micro account

What is a micro account?

A micro account caters primarily to the retail investor who seeks exposure to foreign exchange trading, but doesn't want to risk a lot of money. A micro account's smallest contract, also called a micro lot, is a preset amount of 1,000 units of currency.

Key takeaways

A micro account caters primarily to the retail investor who seeks exposure to foreign exchange trading, but doesn't want to risk a lot of money.

A micro account's smallest contract, also called a micro lot, is a preset amount of 1,000 units of currency.

The minimum volume that a trader can transact is one micro lot, while the maximum volume will usually vary with the amount of equity in the account.

Understanding micro account

A micro account is a common type of account that allows investors (mainly retail traders) to access the forex market. It is one of three types, the other two being mini and standard.

This type of account is usually used by beginner traders, but can also be used by experienced traders to test out strategies in real market settings. 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 is equal to ten micro account lots.

1 micro lot = 1,000 currency units

1 mini lot = 10 micro lots = 10,000 currency units

1 standard lot = 10 mini lots = 100 micro lots = 100,000 currency units

Depending on the type of leverage that an investor wants to use, immense gains can still be achieved through a heavily leveraged micro account, though the losses can also be amplified. These accounts help beginners get a handle on trading and becoming exposed to market volatility, all while learning the basics of risk management.

The main reason that investors open micro accounts is that it affords even small scale traders the ability to trade like the professionals. A prospective trader can buy and sell forex pairs the exact same way as anyone that is using a standard account, but with a much smaller equity stake.

Most micro accounts do not have minimum deposits, and, even if they do, it is usually a nominal amount, like $50. Standard accounts, on the other hand, generally have minimum deposits ranging anywhere from $500 to $10,000. As with all types of accounts, the minimum volume that a trader can transact is one lot, while the maximum volume will usually vary with the amount of equity in the account. Through leverage, a trader using a micro account can run long-term positions that handle short-term price fluctuations.

Standard accounts are usually used by large traders and those hoping to make a living or significant income through forex trading.

Forex brokers with micro and cent accounts 2021

Forex brokers with micro and cent accounts allow their clients trade for real but without putting significant funds at risk. Advantages of companies allowing trading on cent and micro accounts are evident for the forex newcomers who have just began their trading career. Such clients need access to the minimal transaction volume, which makes them have the real feeling of the market, as distinct from trading on a demo account. Brokers and dealing desks offering cent and micro accounts make their clients feel more confident when opening real deals as thus they do not put their funds at risk. Forex brokers featuring cent and micro accounts are no longer rare on the currency market; however, not too many companies are ready to set the minimum deposit size at $1. Our list will help you choose a forex broker to start trading with at an easy rate.

Read our extended forex guide to find out how to choose the best forex broker 2021.

Start forex trading now! Open forex account with the best forex brokers 2021.

Convert popular currencies

Forex forecasts

Cryptocurrencies trading forecasts

Elon musk once again sent ripples through the price of bitcoin after declaring that heâ€™s a supporter of the largest cryptocurrency. Speaking on social audio.

Bitcoin's price reversed wednesday's losses on thursday. Traders and analysts, however, have largely kept a short-term bearish view because some are attributing.

The cryptocurrency market experienced an increased wave of selling pressure and within the last hour bitcoin (BTC) price dropped below the $30,000.

Gain exclusive market-moving insights and take advantage of news-driven volatility with market buzz. Enjoy real-time coverage of 35,000+ FX pairs, commodities, indices, share cfds and cryptocurrencies. Follow the markets that are moving with market buzz when you trade live with vantage FX.

Bitcoin (BTC) slid under $33,000 for the first time in over a week on jan. 21 as selling pressure gathered to drive price action lower. Data from cointelegraph.

The price of bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions. There are three.

The price of ether (ETH), the native cryptocurrency of the ethereum blockchain network, has been soaring since the beginning.

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the top 10 forex advisors including equilibrium, excalibur, night owl.

Top 10 forex advisors 2021

A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. What should be this vital decision based on? To begin with, it is necessary to highlight the main criteria that high-quality software must meet for making money on financial markets.

Best micro accounts

Compare micro accounts from popular forex brokers. Trade forex for the first time from a low $5 deposit or practice new strategies with a low risk account.

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Avatrade (avatrade.Com) is an award winning online broker. Access a wide range of markets spanning forex, crypto-currencies, shares, metals and more on competitive spreads.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD), bonds (CFD)

Platforms: metatrader 4, metatrader 5, copy trading

Regulators: australia, BVI, ireland, japan, south africa, UAE

Incorporated: 2006

Avatrade account [BVI]: trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and commodities. Avatrade accepts all metatrader eas except those with a focus on arbitrage.

Avatrade account [EU]: trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and commodities. Avatrade accepts all metatrader eas except those with a focus on arbitrage.

Islamic account [BVI]: trade a wide range of financial instruments with a shariah compliant account. Avatrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account.

Islamic account [EU]: trade a wide range of financial instruments with a shariah compliant account. Avatrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account.

Professional account [EU]: trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and commodities. Avatrade accepts all metatrader eas except those with a focus on arbitrage.

Fxpro (fxpro.Com) is a global broker, winner of 60+ awards including "best metatrader broker" in 2020 and "best FX provider" three times in a row.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD)

Platforms: metatrader 4, metatrader 5, ctrader, copy trading

Regulators: bahamas, cysec, south africa, UK

Incorporated: 2006

MT4 floating - instant execution: trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant execution. All eas are allowed.

MT4 floating - market execution: trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and market execution. All eas are allowed.

MT5 floating - market execution: trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. All eas are allowed.

Fxpro ctrader: trade 70+ currency pairs, spot indices, energies and metals on razor-thin spreads with market execution. Run calgo algorithmic trading robots.

Buy shares outright or trade cfds on shares, indices, forex, cryptocurrencies and more*. Connect with over 6 million other investors, follow or copy their trades in real-time on etoro.Com.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD)

Platforms: copy trading

Regulators: australia, cysec, UK

Incorporated: 2007

Etoro account [EU]: trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with etoro. Get free and unlimited access to forex trading courses and webinars.

Islamic account [EU]: trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with no interest or commissions. Open an account online and request an islamic account from your account manager.

Corporate account [EU]: this etoro account is for sole proprietorships, partnerships or corporations. This account does not support paypal payments.

Professional account [EU]: trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with etoro. Get free and unlimited access to forex trading courses and webinars.

Liteforex (liteforex.Com) is an international ECN forex broker. Trade a wide range of markets on metatrader 4 or 5. Liteforex accepts a wide range of deposit methods, including bitcoin, monero and other cryptos.

Markets: forex (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4, metatrader 5, copy trading, mirror trading

Regulators: cysec

Incorporated: 2005

Classic account: trade forex on floating spreads from 2 pips on MT4 or MT5. Get started from a low $50 deposit. Market execution with no requotes.

ECN account: trade forex on floating spreads from 0 pips plus commission on MT4 or MT5. Get started from a low $50 deposit. Get market execution with no requotes. Liteforex pays 2.5% interest per annum on the balance of your account.

Trade cfds without commission on forex, shares, indices, commodities and etfs with plus500.Com. Plus500 is listed on the london stock exchange and is regulated across several jurisdictions.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD)

Regulators: australia, cysec, new zealand, singapore, south africa, UK

Incorporated: 2008

Plus500 account: trade 50+ currency pairs and cfds on shares, indices and commodities on fixed or floating spreads. Cfds are a leveraged product and can result in the loss of your entire capital. Please ensure that you fully. More ▷

Islamic account: trade online with an interest-free islamic account. This account has no rollover charges (swap fees) and no overnight charges.

Trade forex and cfds on over 10,000 stocks, indices, commodities and currency pairs when you open an IRESS account with FP markets. FP markets also supports metatrader 4 and 5.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4, metatrader 5, copy trading

Regulators: australia, cysec

Incorporated: 2005

Standard ECN account [MT4]: trade over 50 pairs of currencies as well as cfds on metals, indices and commodities through MT4 with this ECN account. Get fast execution speed over dedicated fibre optic links to new york.

ECN RAW account [MT4]: trade over 50 pairs of currencies as well as cfds on metals, indices and commodities through MT4 with this ECN account. Get fast execution speed over dedicated fibre optic links to new york.

Standard ECN account [MT5]: trade over 50 pairs of currencies as well as cfds on metals, indices and commodities through MT5 with this ECN account. Get fast execution speeds over dedicated fibre optic links to new york.

ECN RAW account [MT5]: trade over 50 pairs of currencies as well as cfds on metals, indices and commodities through MT5 with this ECN account. Get fast execution speed over dedicated fibre optic links to new york.

FXPRIMUS (fxprimus.Com) is a regulated broker with ECN trading capabilities. Trade cfds on forex, crypto-currencies, indices, US equities and more asset classes. It prides itself in creating a safe and secure trading environment.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4, copy trading, mirror trading

Regulators: cysec, south africa, vanuatu

Incorporated: 2009

Variable spreads [EU]: trade over 130 instruments across forex, commodities, energies, global indices and US equities on low floating spreads without commission. This account has no swap charges.

ECN premier [EU]: trade over 130 instruments across forex, commodities, energies, global indices and US equities from 0 pips plus commission. This account has no swap charges.

Variable spreads [vanuatu]: trade over 130 instruments across forex, commodities, energies, global indices and US equities on low floating spreads without commission. This account has no swap charges.

ECN premier [vanuatu]: trade over 130 instruments across forex, commodities, energies, global indices and US equities from 0 pips plus commission. This account has no swap charges.

Start trading in 40 seconds, with no prior KYC or compliance checks, with primexbt.Com. Primexbt's trading platform was voted "best platform for margin trading" in the 2020 ADVFN international finance awards.

Markets: forex (CFD), cryptos (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: copy trading, mirror trading

Regulators: none

Incorporated: 2018

Trading account: trade cryptocurrencies, forex as well as cfds on commodities and stock indices. Open an account in 40 seconds and trade from a small 0.001 BTC deposit (US$ 10 approximately).

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD), bonds (CFD)

Platforms: metatrader 4, mirror trading

Regulators: australia, belarus, canada, cysec, UK

Incorporated: 2013

Fortrade account: trade a wide range of asset classes on fixed spreads through metatrader 4: forex as well as cfds on stocks, indices, energies, commodities and US treasuries.

Islamic account: trade a wide range of asset classes without interest on overnight positions through metatrader 4: forex as well as cfds on stocks, indices, energies, commodities and US treasuries.

Professional account: trade a wide range of asset classes on fixed spreads through metatrader 4: forex as well as cfds on stocks, indices, energies, commodities and US treasuries.

LQDFX (LQDFX.Com) is an international forex broker and CFD provider headquartered in the marshall islands. It delivers STP execution on MT4 across 71 currency pairs, indices and commodities.

Markets: forex (CFD), indices (CFD), metals (CFD), commodities (CFD)

Platforms: metatrader 4, mirror trading

Regulators: marshall islands

Incorporated: 2015

Micro account: trade up to 71 currency pairs as well as cfds on metals, commodities and indices through MT4 from a low $20 deposit. STP trading with no requotes.

Gold account: trade up to 71 currency pairs as well as cfds on metals, commodities and indices through MT4. STP trading with no requotes.

Gold account [islamic]: trade up to 71 currency pairs as well as cfds on metals, commodities and indices through MT4. STP trading with no requotes. Swap-free account only available to clients of muslim faith.

ECN account: trade up to 71 currency pairs as well as cfds on metals, commodities and indices through MT4. Get depth-of-market information with this ECN account.

VIP account: trade up to 71 currency pairs as well as cfds on metals, commodities and indices on even tighter spreads. This account has no restrictions on the maximum trade size.

Trade without restrictions with octafx (octafx.Com), an international broker headquartered in st. Vincent & the grenadines. Access cfds on currency pairs, indices, precious metals and commodities on metatrader 4, metatrader 5 or ctrader.

Markets: forex (CFD), cryptos (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4, metatrader 5, ctrader, copy trading

Regulators: cysec, saint vincent and the grenadines

Incorporated: NA

Micro account: trade forex, crypto-currencies, indices and precious metals on fixed or floating spreads. This account, designed for novice traders, supports metatrader 4.

Pro account: trade forex, crypto-currencies, indices, precious metals and energies on tight floating spreads. This account, designed for experienced traders, supports metatrader 5.

Nordfx (nordfx.Com) is an international forex broker serving traders worldwide from its headquarters in mauritius.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD)

Platforms: metatrader 4, copy trading

Regulators: mauritius

Incorporated: 2008

Fix account: trade 28 currency pairs and cfds on crytpo-currencies, metals and indices on fixed spreads. Get instant execution. Automated trading is allowed.

Pro account: trade 33 currency pairs as well as cfds on crypto-currencies, metals and indices on floating spreads. Get market execution with 5-decimal pricing. Automatic trading is allowed.

Zero account: trade 33 currency pairs as well as cfds on crypto-currencies, metals and indices from 0 pips. Get market execution with 5-decimal pricing. Automatic trading is allowed.

Stocks account: trade cfds on 68 international stocks, from apple to UBER, with market execution.

Trade forex, cryptocurrencies as well as cfds on stocks, indices and commodities with an STP/ECN broker. Eaglefx (eaglefx.Com) supports all trading styles and expert advisors on metatrader 4.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4

Regulators: none

Incorporated: NA

Instant execution account: trade 55 currency pairs, cryptocurrencies and cfds on stocks, indices and commodities with instant execution. Eaglefx supports all trading styles, including hedging and scalping on MT4.

Market execution account: trade 55 currency pairs, cryptocurrencies and cfds on stocks, indices and commodities with market execution. Eaglefx supports all trading styles, including hedging and scalping on MT4.

Understanding forex trading sizes and terminology can be a challenge. That's why we've compiled commonly used phrases below.

Forex lots sizes

The standard forex trading size is 100,000 units of your funding currency. This means $100,000 if you trade dollars. However, some brokers allow you to trade smaller sizes from 10,000 to 1,000 and even 1 unit.

Standard lot: 1 lot = 100,000 currency units.

Mini lot: 0.1 lots = 10,000 currency units.

Micro lot: 0.01 lots = 1,000 currency units

Fractional lots: refer to smaller trades

Best execution

MT4 floating - instant execution

Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant . More trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant execution. All eas are allowed.

$500 deposit

1:500 leverage ?

1.71 pips EUR/USD

Best conditions

Avatrade account [BVI]

Trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and. More trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and commodities. Avatrade accepts all metatrader eas except those with a focus on arbitrage.

$100 deposit

1:400 leverage ?

0.9 pips EUR/USD

Best platform

Standard ECN account [MT4]

Trade over 50 pairs of currencies as well as cfds on metals, indices and commodities through MT4 . More trade over 50 pairs of currencies as well as cfds on metals, indices and commodities through MT4 with this ECN account. Get fast execution speed over dedicated fibre optic links to new york.

$100 deposit

1:500 leverage ?

1.19 pips EUR/USD

Pro account

Professional account [EU]

$100 deposit

1:400 leverage ?

0.6 pips EUR/USD

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Best forex brokers with mini & micro accounts 2021

Just about everyone on planet earth knows what forex trading is. But, with so many account types on offer, knowing where to start can be confusing.

If you are just starting out in the world of currency trading, you might want to consider mini or micro forex account. As the name suggests, this allows you to trade with much smaller amounts.

In other words, you no longer need a large amount of cash to start trading in the forex market, in fact, traders can usually trade for as little as $50.

Forex micro accounts deal in small units of 1,000 units, so they are usually the simplest to start with – especially for new traders. Forex mini accounts trade in small amounts too, usually 10,000 units.

If micro or mini forex trading sounds like something you are interested in, then you’ve come to the right place. We’re going to run through everything you need to know about both mini and micro forex accounts, how they work, and how to find a good broker that offers them.

Table of content

Longhornfx – best forex trading platform

Deposit as little as $10 to start trading

Super-low commissions and tight spreads

Trade forex, crypto, commodities, and indices

Fully supported by metatrader 4

What is a forex mini/micro account?

Fundamentally, a forex mini account is a forex account which lets investor newbies trade in the market with smaller trading amounts and lot size positions. Trading with a mini or micro account lowers risk and limits possible losses. As you no doubt guessed, the micro account is a smaller sized lot than the mini. More on that in a minute.

Generally speaking, forex accounts are presented in three different contract sizes: micro, mini and standard:

The micro account allows investors to go into contract sizes of 1,000 base asset units.

In the instance of a mini account, one can trade with 10,000 base units.

Whereas standard contracts work on 100,000 base currency units.

In the same way, the potential pip (percentage in point) reward, or movement price is lower, at 10 cents for micro and $1 for mini per tick; instead of the standard $10.

Some sites now provide an even smaller ‘nano’ account, allowing people to trade forex lots of just 100 base units ($0.01).

How do forex mini and micro accounts work?

It has to be said that the micro and mini account options primarily attract new or inexperienced investors, due to the smaller size of the contract. This makes sense, as you can trade with little to no chance of a huge loss. This can be really helpful for traders who are still learning how to trade forex.

Typically both micro and mini account holders have the opportunity to enter the same trading tools and markets as standard account holders (charts, analysis, customer support, platforms, etc.).

As we’ve said, standard forex accounts are regulated at lot trades of 100,000 units. Concurrently, micro account traders must enter orders in multiples of 1,000 units, and mini accounts must enter orders of 10,000 units.

The smaller lot size also enables well-seasoned traders to place more diverse orders, by means of expanding the number of incognito funds over a selection of currency pairs. Furthermore, newbie investors can better manage their risk, due to the smaller bet size.

Forex mini accounts and pips

The foreign exchange market trades currencies with a quoted spread value, for example, EUR/USD 1.200. Every investment is predicting that the currency will shift (with regards to the currency pair relationship). The shift is known as the pip movement.

In the example above, the investor predicts that the base currency (the euro) will go up in value against the quote currency (US dollar in this case). The price of the quotation displays 4 decimal places (.2000). However, when it comes to the japanese yen, the rate is shown in 2 decimal places, for example, 123.62.

Universally, the forex market measures price shifts by using pips, to the fourth decimal place. The pip represents even the smallest potential change in the price of a currency. Shifts in price are measured in fractions, meaning the amount gained or lost in the trade of a currency pair will usually be insubstantially small. Hence the 100, 1,000, 10,000 and 100,000 quantity stipulations (the minimum block of currency).

As a result, forex brokers account for this by calculating currency units into lot sizes, which also provides investors leverage. The rate of a pip will change based on the currency pairs you are trading and base currency price.

If a forex trading account is using USD – one pip is $0.10 for a micro account, $1 for a mini account and $10 for a standard account. If for example, the quote currency is the japanese yen, the pip will vary in accordance with that rate.

Forex mini and micro account examples

A standard lot size for a trader is 100,000 units. This means that in order to make a purchase without leverage the investor needs a considerable amount of funds.

For instance, let’s say in our earlier example trade of EUR/USD at 1.2000, the euro goes up to 1.2075 by the time the trade closes. The pip in this case is 75 units (1.2000 – 1.2075 = .0075).

Micro forex account: 1,000 x .0075 = $7.50 gains

Mini forex account: 10,000 x .0075 = $75 gains

Standard forex account: 100,000 x .0085 = $750 gains

Next, let’s imagine the euro trades goes down to 1.1990, this illustrates a loss of 10 pips.

Micro forex account 1,000 x .0010 = $1 loss

Mini forex account 10,000 x .0010 = $10 loss

Standard forex account 100,000 x .0010 = $100 loss

Customarily brokers tend to offer traders leverage on all forex accounts, primarily to enable investors to take part in higher risk trades with smaller money outlays.

On the subject of leverage, the forex broker will credit the investor enough funds to take a bigger position. In this case, the trader wouldn’t ordinarily be able to take that position with the amount in their account.

For instance, a forex broker giving leverage of 100:1 would let an investor with a mini account command a single 100,000 size lot with a cash outlay of 1,000 currency units. Remember, leverage doesn’t only amplify gains, but also losses.

Going back to the example we used above (75 pip gain), that investment of $1,000 would make $750 with 100:1 leverage. So, a 10 pip move in opposition to the trader would cost $1,000. As you can see, this puts your initial expense at a higher risk.

How to select a mini or micro forex broker account

With more and more people choosing to trade in the forex market, the online brokerage scene has become exceedingly competitive. As such, there are now hundreds of companies bidding to provide their brokerage service to the trading community.

Such a huge variety is good news for you as an investor, as it allows you to select a mini or micro forex broker suitable to your trading style. The problem is having so much choice at your fingertips can make it even more difficult to choose the right broker.

With this in mind, we’ve compiled a list of the most essential considerations when selecting a mini or micro forex broker to suit your needs.

Licence and regulation

Regulation exists for your protection and is a very important factor in your search for a forex broker. For example, all legitimate UK brokers are legally obliged to possess a trading licence by FCA.

The FCA is vital when it comes to regulating and safeguarding your hard-earned money from fraudulent brokers. They make sure forex brokers are honest, transparent, and managing trades fairly.

When a broker is regulated by a major regulator such as the FCA, ASIC (australia), or cysec (cyprus) – you as an investor can be sure that your privacy and funds are being respected. This also means that you might be part of a trader compensation scheme. As a result, your funds will be segregated and protected.

Deposits and withdrawal options

Another consideration is the deposit and withdrawal process. Of course, when signing up to any broker the first port of call is to fund your new trading account.

The vast majority of mini and micro forex brokers will allow traders to deposit money via a traditional bank transfer, albeit, this won’t suit everyone. In fact, this method of deposit can sometimes take a few working days to process.

On the contrary, if you are hoping to start trading immediately then the best option is to find a mini/micro broker with options like debit/credit cards and e-wallets such as skrill, neteller and paypal.

Spreads

Spreads are another important thing to think about. Essentially, it’s the contrast between the buy and sells price of any forex currency pair. The number of pips in between those prices determines the spread. As a result, the spread can make a big difference when it comes to your ability to make some gains.

If the spread of GBP/USD was 3 pips, this would mean your investment would need to go up by at least 3 pips in order for you to recover your outlay. As such, the spread is one of the most crucial criteria to look out for when looking for a new micro/mini broker.

Here’s an example of the spread just to clarify.

Let’s imagine you are trading EUR/USD at your micro/mini broker.

The buy price is 1.2100

The sell price is 1.2106

As we said, the spread is illustrated in pips, so you need to take note of the last digits of each of the prices.

In our example, the difference is 6. This means that the spread on EUR/USD equals 6 pips.

Broker trading commissions

Since we are discussing the matter of fees, we should talk about trading commissions. No two brokers are the same, so each platform will have different fees (if any).

Whilst some brokers will let traders buy and sell forex pairs without any commission, some will stipulate a percentage for each trade made. When using a reputable forex broker, the chances are you will have to pay a variable rate on each and every trade you make.

If the brokerage charges 0.4% in forex trading commission, and you buy €2,000 worth of EUR/USD, you will pay €8 in commission.

Let’s say you closed that EUR/USD traded at a value of €2,400 – this would equal €9.60 commission.

Fortunately, most of the mini/micro forex brokers that we recommend charge no trading commissions at all.

Number of currency pairs

If you’re the kind of trader who prefers to focus on just one of two forex pairs like EUR/USD and GBP/USD, then this might not be as relevant to you.

On the other hand, if you prefer a more diverse forex portfolio and like to trade many different financial assets at once – then the variety on offer is important. Some brokers have a much wider selection than others.

So when you are searching for a suitable micro/mini forex broker, you should find one with a great selection including exotics, minors and majors. All of this information will be available on the brokerage platform and it can be very helpful to know before fully committing.

Available trading tools

Any forex trader knows the importance of being up to date on the latest economical and financial news. In this sometimes volatile space, it is vital to be aware of anything which could affect the forex market.

An example of this is the infamous brexit vote which led to a majority voting to exit the european union. This had a negative effect on the value of the GBP.

Besides fundamental news analysis, studying historical price trends and data can be just as essential to forex success. You should select a forex broker with a variety of technical indicators on its platform.

Some of the most useful in this respect are:

Ichimoku kinko hyo (AKA ichimoku cloud)

Average directional index (ADX)

Moving average convergence divergence (MACD)

Bollinger bands.

Relative strength index (RSI)

Parabolic stop and reverse (SAR)

Stochastic

Customer support

The importance of having a good customer support team is often neglected. After all, there might be a time when you are in dire need of support on your micro or mini forex account.

With that in mind, you should choose a broker that offers clients a range of contact channels. The most commonly used forms of contact are telephone, email, contact form and live chat.

If your forex broker of choice has 24/7 customer service – reflecting the nature of the forex market, then that’s a good sign.

Finding a brokerage firm with a heavy presence on social media is the cherry on the cake. This is a great way to read about other traders’ experiences as well as catch the latest economic and financial news.

How to sign up with a forex broker

If you have found a forex broker that offers mini and micro accounts, you will need to register before you can begin to trade.

If you haven’t gotten to the sign-up stage yet, then please skip ahead to our ‘best forex brokers with mini & micro accounts 2021’. Here we’ve given you a helping hand by listing some reputable and trustworthy forex brokers that offer your desired account type.

Otherwise, if you’ve found your own, please find below our 4 step guide on how to sign up to a forex broker.

Step 1: open an account

The first thing to do after deciding on a suitable broker is to go to the platform and ‘sign up’. To begin with, you will need to provide some basic information. This is standard practice when signing up for most forex broker accounts.

Initially, you need to enter your full name, residential address, date of birth, contact details and tax status. After this, you will be required to hand over some financial details. Again, having to provide this information is standard practice.

Generally speaking, this will include how much you earn, your employment status, and a net worth estimate. All of this information is to help the broker tailor the correct product for your needs.

Step 2: prior trading experience

As well as your financial standing, brokers need to know what trading experience you have (if any). Forex trading involves using financial instruments so brokers need to assess this information.

The extent of the questions you have to answer will depend on the broker and what kind of investments you plan on making

Step 3: know your customer

Also known as KYC, this is the part where traders need to verify their identity to the broker. This process will be similar at most brokers. It usually involves uploading a copy of your passport or driver’s licence. In other cases, a utility bill or bank statement is needed as well.

Step 4: deposit funds into your forex account

As soon as your identity and account have been confirmed by the broker, you can fund your trading account.

As we touched on earlier, different brokers offer different deposit options. And some payment methods might take longer to process than others, so bear that in mind when selecting how you want to deposit.

How we rate our forex brokers

Wondering how we compile our list of the best mini and micro account forex brokers?

Below you will find our strict set of criteria.

Licenced and regulated – we will never recommend a broker which isn’t regulated by a tier-one body. This should include a license-issuer like the FCA, ASIC, or cysec.

Low commissions – zero or low commission forex brokers are what we’re looking for.

Selection of technical indicators – the more trading tools available at your disposal, the more you will learn.

Multiple deposit and withdrawal options – the more the merrier.

Tight spreads – we want for you to make as much money as possible.

Forex pair diversity – having a wide selection of currency pairs to choose from gives traders the chance to diversify their portfolio

User-friendly trading website – A clear, concise platform which is easy to navigate makes life easier for traders

Great customer support – A good customer support team is invaluable. You never know when you’ll find yourself in a fix.

Best forex brokers with mini & micro accounts 2021

So, now you know everything there is to know about mini and micro forex trading accounts, you need to find a suitable broker to make it happen.

There are hundreds to choose from in the online forex broker space, so we’ve put together some of the best forex brokers of 2021 to save you some leg work.

To prevent any confusion, please note that some of the forex brokers on our list do not specifically offer micro or mini forex accounts per-say. But, they do enable you to trade with incredibly low stakes. As such, they are micro/mini accounts in all but name.

1. Etoro – best forex broker for beginners

If you're wanting to get the ball rolling on your forex trading career, then etoro is a superb option for new traders. There are thousands of financial instruments to buy and sell. The minimum deposit is just $200. Etoro is regulated by not only the FCA but also ASIC and cysec. You can deposit via bank transfer, debit/credit cards, and paypal. Best of all, etoro charges no commissions when you trade forex - or any asset class for that matter.

Forex brokers with micro and cent accounts 2021

Read our extended forex guide to find out how to choose the best forex broker 2021.

Start forex trading now! Open forex account with the best forex brokers 2021.

Convert popular currencies

Forex forecasts

Cryptocurrencies trading forecasts

Elon musk once again sent ripples through the price of bitcoin after declaring that heâ€™s a supporter of the largest cryptocurrency. Speaking on social audio.

Bitcoin's price reversed wednesday's losses on thursday. Traders and analysts, however, have largely kept a short-term bearish view because some are attributing.

The cryptocurrency market experienced an increased wave of selling pressure and within the last hour bitcoin (BTC) price dropped below the $30,000.

For over 20 years, FIBO group has been creating better working conditions for traders. These include 260 trading instruments, spreads starting at 0 pips, high execution speeds of 0.03 seconds or better, trading accounts in USD, EUR, RUB, CHF, GBP, BTC, ETH, gold, and cent accounts. Depositing and withdrawing your funds is fast and convenient. Experienced consultants are here to answer all of your questions. We have long-term statistics for testing any trading strategies. We provide all versions of the MT4 and MT5 trading platforms for the web, android, and ios.

Bitcoin (BTC) slid under $33,000 for the first time in over a week on jan. 21 as selling pressure gathered to drive price action lower. Data from cointelegraph.

The price of bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions. There are three.

The price of ether (ETH), the native cryptocurrency of the ethereum blockchain network, has been soaring since the beginning.

Top 10 forex advisors 2021

Micro account forex brokers

Micro accounts that are offered by various brokers allows live trading made up of contracts or on forex markets, while the trading process itself performed through micro lots equivalent to 1,000 units of the base currency or asset.

Which means instead of trading a full unit, the trader gets an opportunity to speculate on the price through the initial low balance and small capital requirements which decreases dramatically the risks involved.

According to the allowed and offered leverage by a particular broker and his regulatory restrictions, the trader still achieves a quite good bunch of trading opportunities or options, and even run long-term positions.

Another potential of the micro accounts are technological trading practices, as the traders who would like to test their algorithms, robots or strategies are in need to trade within the real environment, however while limiting potential losses.

Recently among the leading regulated brokers that offer setting trading with micro accounts and the minimum deposits from only 1$, along with the numerous possible advantages bringing an exciting opportunity to access minimal transaction volume, yet engage into the real trading.

Micro account is a popular choice among the beginning traders and usually chosen with the purpose to engage into the real trading environment without a significant amount of investment.

Nevertheless, the micro accounts under very high levels of leverage might be very tricky, thus you should choose carefully the broker you deal with and choose among reputed regulated brokers. As the unscrupulous, non-regulated or offshore brokers may easily manipulate trades and blow accounts even with an attractive offering, as they are overseen by none of the authorities.

Best micro accounts

Compare micro accounts from popular forex brokers. Trade forex for the first time from a low $5 deposit or practice new strategies with a low risk account.

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Avatrade (avatrade.Com) is an award winning online broker. Access a wide range of markets spanning forex, crypto-currencies, shares, metals and more on competitive spreads.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD), bonds (CFD)

Platforms: metatrader 4, metatrader 5, copy trading

Regulators: australia, BVI, ireland, japan, south africa, UAE

Incorporated: 2006

Fxpro (fxpro.Com) is a global broker, winner of 60+ awards including "best metatrader broker" in 2020 and "best FX provider" three times in a row.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD)

Platforms: metatrader 4, metatrader 5, ctrader, copy trading

Regulators: bahamas, cysec, south africa, UK

Incorporated: 2006

MT4 floating - instant execution: trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant execution. All eas are allowed.

MT4 floating - market execution: trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and market execution. All eas are allowed.

MT5 floating - market execution: trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. All eas are allowed.

Fxpro ctrader: trade 70+ currency pairs, spot indices, energies and metals on razor-thin spreads with market execution. Run calgo algorithmic trading robots.

Buy shares outright or trade cfds on shares, indices, forex, cryptocurrencies and more*. Connect with over 6 million other investors, follow or copy their trades in real-time on etoro.Com.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD)

Platforms: copy trading

Regulators: australia, cysec, UK

Incorporated: 2007

Etoro account [EU]: trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with etoro. Get free and unlimited access to forex trading courses and webinars.

Corporate account [EU]: this etoro account is for sole proprietorships, partnerships or corporations. This account does not support paypal payments.

Professional account [EU]: trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with etoro. Get free and unlimited access to forex trading courses and webinars.

Markets: forex (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4, metatrader 5, copy trading, mirror trading

Regulators: cysec

Incorporated: 2005

Classic account: trade forex on floating spreads from 2 pips on MT4 or MT5. Get started from a low $50 deposit. Market execution with no requotes.

Trade cfds without commission on forex, shares, indices, commodities and etfs with plus500.Com. Plus500 is listed on the london stock exchange and is regulated across several jurisdictions.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD)

Regulators: australia, cysec, new zealand, singapore, south africa, UK

Incorporated: 2008

Islamic account: trade online with an interest-free islamic account. This account has no rollover charges (swap fees) and no overnight charges.

Trade forex and cfds on over 10,000 stocks, indices, commodities and currency pairs when you open an IRESS account with FP markets. FP markets also supports metatrader 4 and 5.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4, metatrader 5, copy trading

Regulators: australia, cysec

Incorporated: 2005

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4, copy trading, mirror trading

Regulators: cysec, south africa, vanuatu

Incorporated: 2009

Variable spreads [EU]: trade over 130 instruments across forex, commodities, energies, global indices and US equities on low floating spreads without commission. This account has no swap charges.

ECN premier [EU]: trade over 130 instruments across forex, commodities, energies, global indices and US equities from 0 pips plus commission. This account has no swap charges.

ECN premier [vanuatu]: trade over 130 instruments across forex, commodities, energies, global indices and US equities from 0 pips plus commission. This account has no swap charges.

Markets: forex (CFD), cryptos (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: copy trading, mirror trading

Regulators: none

Incorporated: 2018

Trading account: trade cryptocurrencies, forex as well as cfds on commodities and stock indices. Open an account in 40 seconds and trade from a small 0.001 BTC deposit (US$ 10 approximately).

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD), commodities (CFD), bonds (CFD)

Platforms: metatrader 4, mirror trading

Regulators: australia, belarus, canada, cysec, UK

Incorporated: 2013

Fortrade account: trade a wide range of asset classes on fixed spreads through metatrader 4: forex as well as cfds on stocks, indices, energies, commodities and US treasuries.

Professional account: trade a wide range of asset classes on fixed spreads through metatrader 4: forex as well as cfds on stocks, indices, energies, commodities and US treasuries.

LQDFX (LQDFX.Com) is an international forex broker and CFD provider headquartered in the marshall islands. It delivers STP execution on MT4 across 71 currency pairs, indices and commodities.

Markets: forex (CFD), indices (CFD), metals (CFD), commodities (CFD)

Platforms: metatrader 4, mirror trading

Regulators: marshall islands

Incorporated: 2015

Micro account: trade up to 71 currency pairs as well as cfds on metals, commodities and indices through MT4 from a low $20 deposit. STP trading with no requotes.

Gold account: trade up to 71 currency pairs as well as cfds on metals, commodities and indices through MT4. STP trading with no requotes.

ECN account: trade up to 71 currency pairs as well as cfds on metals, commodities and indices through MT4. Get depth-of-market information with this ECN account.

VIP account: trade up to 71 currency pairs as well as cfds on metals, commodities and indices on even tighter spreads. This account has no restrictions on the maximum trade size.

Markets: forex (CFD), cryptos (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4, metatrader 5, ctrader, copy trading

Regulators: cysec, saint vincent and the grenadines

Incorporated: NA

Micro account: trade forex, crypto-currencies, indices and precious metals on fixed or floating spreads. This account, designed for novice traders, supports metatrader 4.

Pro account: trade forex, crypto-currencies, indices, precious metals and energies on tight floating spreads. This account, designed for experienced traders, supports metatrader 5.

Nordfx (nordfx.Com) is an international forex broker serving traders worldwide from its headquarters in mauritius.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD)

Platforms: metatrader 4, copy trading

Regulators: mauritius

Incorporated: 2008

Fix account: trade 28 currency pairs and cfds on crytpo-currencies, metals and indices on fixed spreads. Get instant execution. Automated trading is allowed.

Pro account: trade 33 currency pairs as well as cfds on crypto-currencies, metals and indices on floating spreads. Get market execution with 5-decimal pricing. Automatic trading is allowed.

Zero account: trade 33 currency pairs as well as cfds on crypto-currencies, metals and indices from 0 pips. Get market execution with 5-decimal pricing. Automatic trading is allowed.

Stocks account: trade cfds on 68 international stocks, from apple to UBER, with market execution.

Trade forex, cryptocurrencies as well as cfds on stocks, indices and commodities with an STP/ECN broker. Eaglefx (eaglefx.Com) supports all trading styles and expert advisors on metatrader 4.

Markets: forex (CFD), cryptos (CFD), stocks (CFD), indices (CFD), metals (CFD), energy (CFD)

Platforms: metatrader 4

Regulators: none

Incorporated: NA

Understanding forex trading sizes and terminology can be a challenge. That's why we've compiled commonly used phrases below.

Forex lots sizes

Standard lot: 1 lot = 100,000 currency units.

Mini lot: 0.1 lots = 10,000 currency units.

Micro lot: 0.01 lots = 1,000 currency units

Fractional lots: refer to smaller trades

Best execution

MT4 floating - instant execution

$500 deposit

1:500 leverage ?

1.71 pips EUR/USD

Best conditions

Avatrade account [BVI]

$100 deposit

1:400 leverage ?

0.9 pips EUR/USD

Best platform

Standard ECN account [MT4]

$100 deposit

1:500 leverage ?

1.19 pips EUR/USD

Pro account

Professional account [EU]

$100 deposit

1:400 leverage ?

0.6 pips EUR/USD

So, let's see, what was the most valuable thing of this article: micro accounts (also called cent accounts) allow you to trade micro lots this may be preferable if you're looking to trade with very small sums of money. In this up-to-date comparison, we've compared the top forex brokers that offer micro accounts as of february 2021. At micro forex account