Forex brokers are the financial platforms that allow traders and investors to trade in foreign currencies and various other available tradable instruments. When you’re planning to invest in foreign exchange with forex brokers, traders need clarity about the platform’s pros and cons, the low minimum deposit being the most preferred positive aspect.
The low minimum deposit allows traders to start trading with a minimum amount, varying from $1 to $10 or even more, thereby reducing the risks of fraud and the high deposit factor of the financial portals. But, it takes a lot of work to finalise the best forex broker with a low minimum deposit amongst the never-ending options.
Therefore, Traders Union experts have researched the top brokers with Forex minimum deposit and presented the best ten options for a safe trading experience.
Step by Step Procedure for forex deposit
Before proceeding with the money deposit procedure at financial platforms, it is recommended to check the few below-mentioned pointers –
- Most of forex brokers do not charge deposit fees or commissions. However, it is still advised to double-check the terms and conditions, as some Electronic payment deposits may charge commissions.
- Check for the available payment options with the platform, including bank wire transfer, debit/credit cards, electronic payment methods, cryptocurrency and other options.
- Money deposit time also varies on different platforms. Thoroughly check the deposit section of the platform for a clear overview.
Best ten low minimum deposit forex broker options
- Exness – Allowing a minimum deposit of only $10, Exness is regulated by CySEC, FCA and FSA and offers an accurate account for trading.
- RoboForex- Offers a $10 minimum deposit and is licensed by FSC.
- Oanda – Offering a $0 minimum deposit and is licensed by CFTA and FCA.
- InstaForex – Offering a low minimum deposit of $1 and is regulated by FSC.
- Interactive Brokers – Offers $1 minimum deposit and licensed by FINRA, SEC, CFTC and NFA.
- Admiral Markets – Regulated by JSC, FSA, CySEC, AFSC, CIPC, FCA, the financial platform offers a $1 minimum deposit.
- XM – Regulated by ASIC, FSC and CySEC, the financial platform offers a $5 minimum deposit.
- Forex4You – Regulated by FSC, it offers a $1 minimum deposit requirement.
- FXOpen – Holding three licenses from CySEC, ASIC and FCA, the portal offers a $1 minimum deposit requirement.
- AMarkets – Regulated by IFC, the portal has a $0 minimum requirement.
The Traders Union experts thoroughly address and test all these forex broker options. From the survey report, Exness is ranked as the best platform, with a 9.3 rating out of 10, allowing trading in 35+ account currencies, 1:2000 leverage and spreads from 0.1 pip to 1 pip. Start trading foreign currencies on Exness, ensuring a secure trading environment and increased profits.
Image by Gerd Altmann from Pixabay
