10 Best Forex Brokers with Minimum $1 Deposit
Last Update: April 2nd, 2024
10 Best Forex Brokers with Minimum $1 Deposit comprehensive guide introduces you to the top ten Forex brokers who will welcome you to the world of trading with a $1 minimum deposit.
In this in-depth guide you’ll learn:
- What is a $1 Minimum Deposit?
- Can I open a forex account with $1?
- Who is the best one-dollar minimum Broker?
- 1-dollar minimum deposit on MT 4 and 5.
- Can $1 minimum deposit accounts access all platforms?
- Demo account for beginners with fast withdrawal.
So, if you’re ready to go “all in” with the best-low spread forex brokers…
Let’s dive right in…
🏆 10 Best Forex Brokers
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | CySEC,MISA, FSCA | USD 20 | Visit Broker >> |
10 Best Forex Brokers with Minimum $1 Deposit (2024*)
- ☑️IFC Markets – Overall Best $1 minimum deposit Forex Broker.
- ☑️InstaForex – Guarantees instant execution of orders.
- ☑️SuperForex – Commission-free deposits.
- ☑️FX Open – Professional Market Analyses.
- ☑️Admirals – Offers Diverse Trading instruments.
- ☑️Kwakol Markets – Multi-Asset Trading Broker.
- ☑️TD Ameritrade – Well-known Online Brokerage.
- ☑️Forex4You – Offers Low Minimum Deposits.
- ☑️Axi – Works with Expert Advisors.
- ☑️OANDA – Offers Reliable Spreads.
What is a Minimum Deposit?
A minimum deposit in Forex trading is the minimal amount of money required to start a trading account with a broker. This criterion varies significantly amongst brokers, reflecting their target clientele and overall trading philosophy.
The concept of a $1 minimum deposit is especially appealing in this context, as it has symbolic and practical consequences.
Symbolically, a $1 minimum deposit makes Forex markets more accessible. It removes the financial obstacles that have previously deterred small or cautious investors.
This openness attracts a broader range of traders, from beginners to seasoned traders looking to try new platforms or methods with minimum risk. It’s a gesture that demonstrates trust and promotes a learning attitude, making Forex trading appear less intimidating and more approachable.
Practically, starting to trade with only $1 has its peculiarities. While technology creates opportunities, it also has restrictions. Trading with such a tiny sum limits your ability to diversify and buffer against market volatility. However, it makes a fantastic educational tool.
Traders learn how to negotiate market dynamics, grasp leverage, and devise tactics without the risk of substantial losses. Furthermore, it enables traders to assess a broker’s platform, customer service, and execution effectiveness before investing more money.
10 Best Forex Brokers with a $1 Minimum Deposit
| 🔎Broker Name | 👉 Open Account | 💻Account Types | 💰Minimum Deposit | 💻 Demo Account |
| IFC Markets | 👉 Open Account | Standard (NTTX), Beginner (NTTX), Standard (MT4), Micro (MT4), PAMM (MT4), Standard (MT5), Micro (MT5), PAMM (MT5) | From 1 USD | ✅ |
| InstaForex | 👉 Open Account | Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica | 1 USD | ✅ |
| SuperForex | 👉 Open Account | Standard, Micro Cent, Swap-Free, Profi STP, No Spread, Crypto, Super STP, ECN Standard, ECN Swap-Free Mini, ECN Standard Mini, ECN Crypto, ECN Swap-Free | From 1 USD | ✅ |
| FXOpen | 👉 Open Account | ECN, STP, Micro, Crypto | From 1 USD | ✅ |
| Admirals | 👉 Open Account | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5 | From 1 USD | ✅ |
| Kwakol Markets | 👉 Open Account | Standard, ECN, Pro, Cent, No-Swap, VIP | From 1 USD | ✅ |
| TD Ameritrade | 👉 Open Account | FINRA, CFTC, SEC, SFC | From 0 USD | ✅ |
| Forex4You | 👉 Open Account | Cent Fixed, Cent Pro, Classic Fixed, Classic Pro, Classic Standard | From 0 USD | ✅ |
| OANDA | 👉 Open Account | Cent Fixed, Cent Pro, Classic Fixed, Classic Pro, Classic Standard | From 0 USD | ✅ |
| Interactive Brokers | 👉 Open Account | TWS API (C++ based), IB API (Python native), Excel API (integrates with TWS) | No specific minimum deposit required. | ✅ |
IFC Markets
IFC Markets Minimum Deposit
They offer a variety of account types with varying minimum deposit requirements, including a $1 minimum for some accounts. This low threshold, particularly on the Micro-Fixed and Micro-Floating accounts, is significant for traders wishing to start with a small investment.
These accounts offer leverage of up to 1:400, allowing traders to control a greater stake in the market than their deposit amount. However, IFC’s excessive leverage raises risk because it magnifies both earnings and losses.
Pasargad Novin, TopChange, Perfect Money, WebMoney, and ADVCash are some options for depositing and withdrawing a minimum of $1.
These options provide rapid processing times and cheap or no deposit costs, making them accessible to traders with limited funds. However, it’s worth noting that other deposit options have greater minimums.
Unique Features
| ⚖️Regulators | BVI FSC, LFSA |
| 💻Account Types | Standard (NTTX), Beginner (NTTX), Standard (MT4), Micro (MT4), PAMM (MT4), Standard (MT5), Micro (MT5), PAMM (MT5) |
| 📊Leverage | Up to 1:400 on Forex Major Pairs |
| 💰Minimum Deposit | From 1 USD |
| 👉 Open Account | 👉 Open Account |
IFC Markets Pros and Cons
| ✅Pros | ❌Cons |
| Certain accounts with $1 minimum deposits are appropriate for beginners or low-capital traders | Micro accounts have a limited equity cap, limiting growth |
| Leverage up to 1:400 provides market exposure with little capital | Some deposit methods have a greater minimum than $1. |
| Multiple deposit and withdrawal methods, including immediate processing | High leverage raises financial risk |
| The $1 accounts are ideal for beginners and professionals | Beginner traders may struggle with account types and leverage options. |
| Accounts can be opened in USD, EUR, JPY, and uBTC. | Different accounts have different spread rates, which affects trading costs |
InstaForex
InstaForex Minimum Deposit
It offers trading accounts with a $1 minimum deposit and InstaForex offering market exposure with low investment.
Insta.Standard, Insta.Eurica, and Cent.Standard micro accounts accept the same deposit, offering micro-lot trading for risk-averse traders and immediate order execution for fast-moving market traders.
Unique Features
| 🔎Regulators | BVI FSC, CySEC, FSA SVG, FCA |
| 💻Account Types | Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica |
| 📊Leverage | Up to 1:1000 on Forex Majors |
| 💰Minimum Deposit | 1 USD |
| 👉 Open Account | 👉 Open Account |
InstaForex Pros and Cons
| ✅Pros | ❌Cons |
| A minimum $1 deposit makes it accessible to low-capital traders | High leverage risks can result in large losses as well as profits |
| Offers 1:1000 leverage for powerful market engagement | Average spreads of 3 to 7 pips are expensive compared to tighter spread options |
| Traders can invest according to ability and strategy | The accounts are user-friendly but lack advanced capabilities for experienced traders |
| InstaForex guarantees instant execution of orders | The 25% lock-and-stop margin might limit some trading techniques |
| The account types suit diverse trading methods and experiences |
SuperForex
SuperForex Minimum Deposit
They offer a wide trading community with a $1 minimum deposit across various account types, offering low entry points and a high leverage of 1:1000.
It offers Standard, Cent, ECN Standard Mini, and ECN Swap-Free Mini accounts with diverse trading conditions and a $1 minimum deposit requirement.
Deposits and withdrawals for Super Forex are made via bank wire transfers, credit/debit cards, electronic payments, cryptocurrencies, and local payment systems, making it easy for Kenyan traders to manage their funds.
Unique Features
| 🔎Regulators | None |
| 💻 Account Types | Standard, Micro Cent, Swap-Free, Profi STP, No Spread, Crypto, Super STP, ECN Standard, ECN Swap-Free Mini, ECN Standard Mini, ECN Crypto, ECN Swap-Free |
| 📊Leverage | Up to 1:2000 on Forex Major Pairs |
| 💰Minimum Deposit | From 1 USD |
| 👉 Open Account | 👉 Open Account |
SuperForex Pros and Cons
| ✅Pros | ❌Cons |
| Traders of all levels can participate with a $1 minimum deposit across account types | High leverage increases financial risk and loss |
| Maximum leverage of 1:1000 boosts trading possibilities | Instruments with higher spreads have higher trading costs |
| Traders worldwide have flexible deposit and withdrawal options | Some accounts, like the ECN Swap-Free Mini, charge trade commissions |
| Many payment channels optimize traders' expenses using commission-free deposits | Some accounts include swaps, which may cost more |
| The variety of account currencies makes international trading easier | Position size constraints will not suit all trading strategies |
FXOpen
FXOpen Minimum Deposit
They provide Micro trading accounts with a $1 entry threshold for beginners and experts, allowing trading like STP accounts with less financial risk.
These accounts on FXOpen have a maximum leverage of 1:500, allowing traders to hold larger positions, boosting earnings and losses.
Unique Features
| 🔎Regulators | ASIC, FCA, CySEC |
| 💻Account Types | ECN, STP, Micro, Crypto |
| 📊Leverage | 1:500 |
| 💰Minimum Deposit | From 1 USD |
| 👉 Open Account | 👉 Open Account |
FXOpen Pros and Cons
| ✅Pros | ❌Cons |
| Only $1 to get started, making it incredibly accessible | Once the balance exceeds $3000, leverage lowers |
| Up to 1:500 leverage provides significant trading exposure | Swap commissions are additional expenses for overnight positions |
| Enables scalping, hedging, and the use of Expert Advisors | Micro accounts do not provide a demo option |
| Swap-free accounts are available for Muslim traders | You may be charged for account maintenance and reactivation |
| The bonuses offered could increase profits | There are no level two quotes available for market deep investigation. |
Admirals
Admirals Minimum Deposit
They offer an Invest.MT5 account with a minimum deposit of $1, suitable for traders using currencies like USD, EUR, JOD, and GBP.
It offers diverse trading instruments, including over 4,500 equities and 400 ETFs, with spreads starting at 0 pips. However, Admirals does not enable leverage for Forex or Indices.
Unique Features
| 🔎Regulators | FCA, ASIC, CySEC, JSC, FSCA, FSA, CMA |
| 💻Account Types | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5 |
| 📊Leverage | Up to 1:30 (Retail), 1:500 (Pro) |
| 💰Minimum Deposit | 1 USD |
| 👉 Open Account | 👉 Open Account |
Admirals Pros and Cons
| ✅Pros | ❌Cons |
| All traders can start trading with a $1 minimum deposit required | Commissions apply to stocks and ETFs, and they can build up depending on trading volume |
| Extensive instrument variety across account types | The Invest.MT5 account does not support forex trading |
| Access to MetaTrader 5 and other analytical tools | No Islamic Account Options on the MT5.Invest Account |
| Market depth, news, analysis, and professional adviser assistance are available | A lack of hedging capability could limit some trading methods |
Kwakol Markets
Kwakol Markets Minimum Deposit
They offer a Cent account for traders with smaller lot sizes and low initial deposits, making trading accessible to a wider audience.
This account requires a $1 initial deposit, less than a normal cup of coffee. Kwakol Markets offers leverage of up to 1:1000, allowing traders to handle large stakes with minimal capital.
Unique Features
| 🔎Regulators | ASIC, FINTRAC |
| 💻Account Types | Standard, ECN, Pro, Cent, No-Swap, VIP |
| 📊Leverage | 1:1000 |
| 💰Minimum Deposit | 1 USD |
| 👉 Open Account | 👉 Open Account |
Kwakol Markets Pros and Cons
| ✅Pros | ❌Cons |
| The admission hurdle is exceptionally low, costing only $1 | High leverage increases the chance of severe losses |
| Leverage of up to 1:1000 can greatly increase trading profit opportunities | Floating Spreads can widen amid volatile market circumstances, raising trading costs. |
| A diverse selection of instruments is offered for trading | Low entry barriers may lead to excessive trading without effective risk management |
| Commission-free trading on the Cent Account lowers trading fees | Overtrading might occur with smaller investment amounts |
| Short execution times are advantageous for fast-paced trading |
TD Ameritrade
TD Ameritrade Minimum Deposit
It is a well-known online brokerage, offers a wide range of account types tailored to fulfill the needs of various investors and traders.
While TD Ameritrade does not have a minimum deposit requirement for conventional brokerage accounts, allowing traders to begin with any amount, margin trading accounts require a minimum balance to begin leveraging trades.
Unique Features
| 🔎Regulators | FINRA, CFTC, SEC, SFC |
| 💻Account Types | Standard, Retirement, Education, Special, Managed Profiles |
| 📊Leverage | 1:2 |
| 💰Minimum Deposit | From $0 |
| 👉 Open Account | 👉 Open Account |
TD Ameritrade Option Pros and Cons
| ✅Pros | ❌Cons |
| Standard accounts need no minimum deposit and allow for flexible entry | To use margin, you must maintain a minimum balance |
| Account types include retirement, education, and managed portfolios | Margin trading magnifies both gains and losses |
| Margin accounts offer leverage for increased market exposure | Complexity for New Traders: The variety of account kinds and features may overwhelm beginners |
| TD Ameritrade is well-known for its robust trading platforms and resources. |
Forex4You
Forex4You Minimum Deposit
The broker provides a variety of account types with a $0 minimum deposit, allowing traders to begin trading without any financial barriers.
The leverage allowed ranges from 1:10 to a significant 1:1000, providing traders the freedom to choose their desired level of market exposure.
Furthermore Forex4you, high leverage can maximize earnings from successful trades, but it also raises the danger of losses exceeding the initial deposit.
Unique Features
| 🔎Regulators | BVI FSC |
| 💻Account Types | Cent Fixed, Cent Pro, Classic Fixed, Classic Pro, Classic Standard |
| 📊Leverage | 1:1000 |
| 💰Minimum Deposit | From 0 USD |
| 👉 Open Account | 👉 Open Account |
Forex4You Pros and Cons
| ✅Pros | ❌Cons |
| There is no minimum deposit requirement when registering an account | There are commission fees that apply |
| Forex4You offers leverage of up to 1:1000 | Traders can incur substantial losses when they use leverage |
| Forex4You has a floating and fixed spread option | There are limited advanced features on accounts |
| There are social trading features available | The execution speeds are not consistent across accounts |
| Forex4You has fast trade execution times on Pro Accounts |
Axi
Axi Minimum Deposit
The broker offers a variety of account settings to suit different degrees of trading expertise. Standard and Pro accounts do not require an initial deposit, allowing traders to start with as little as $1.
This adaptability makes the platform accessible to many traders, from beginners to seasoned professionals.
Leveraging up to 1:500 on these accounts allows Axi traders to control positions up to 500 times greater than their initial investment, dramatically increasing potential profit and loss.
Unique Features
| 🔎Regulators | ASIC, SVG FSA, FCA, FMA, DFSA |
| 💻Account Types | Standard, Pro, Elite |
| 📊Leverage | 1:500 |
| 💰Minimum Deposit | From 0 USD |
| 👉 Open Account | 👉 Open Account |
Axi Pros and Cons
| ✅Pros | ❌Cons |
| For Standard and Pro accounts, there is no minimum deposit required to begin trading | High leverage might lead to increased losses. |
| High leverage options include leverage of up to 1:500, which enhances possible market exposure | Pro accounts incur a $7 round-trip commission. |
| Traders can use MT4 NexGen and other advanced analyzing tools | Demo accounts are only valid for 30 days, which may be insufficient for extended practice |
| Offers a diverse range of trading opportunities | Advanced tools might overwhelm new traders |
| Works with Expert Advisors and systems such as Myfxbook AutoTrade |
OANDA
OANDA Minimum Deposit
They offer a flexible approach to account funding, with no minimum deposit required for balances under US$9,000. This effectively permits traders to begin with a very cheap initial deposit, maybe as low as $1, though this is not officially mentioned.
The broker provides reasonable spreads, with certain accounts having spreads as low as 0.1 pips, and accounts are available with or without a commission per million transacted.
Leverage is a technique that enables traders to control larger positions than their deposit alone would allow, which at OANDA varies depending on account type and regulatory limits.
50% stop-out threshold shields traders from negative balance risks. Deposits and withdrawals are accepted through the site for existing accounts and via email for new ones, with larger volume traders receiving additional support and benefits.
Unique Features
| 🔎Regulators | IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, BVI FSC |
| 💻Account Types | Standard, Core, Swap-Free, Premium, Premium Core |
| 📊Leverage | 1:888 |
| 💰Minimum Deposit | From 0 USD |
| 👉 Open Account | 👉 Open Account |
OANDA Pros and Cons
| ✅Pros | ❌Cons |
| There is no minimum for lower deposits, which is convenient for traders who want to start modestly | Deposits of more than US$9,000 require additional documentation |
| Some accounts have minimal spreads, allowing for competitive trading conditions | Some accounts charge commissions per million transacted |
| OANDA offers a range of tradable markets | Some risk-averse traders may find a 50% stop-out too high |
| Advanced trading platforms include the MT4, MT5, and FxTrade platforms | Certain bonuses need a high minimum balance and trading volume |
| There are no restrictions on trading strategies |
Conclusion
For many ambitious Forex traders, the path begins with a simple step: choose a broker that does not require a large initial commitment. The minimum deposit of just $1 account type allows traders to access the forex market with minimal risk, making it an ideal choice for beginners.
Frequently Asked Questions
Can I open a forex account with $1?
Yes, several forex brokers allow you to start an account with as little as $1, making them perfect for beginning traders or testing trading methods.
Which forex brokers have a $1 minimum deposit?
Brokers like IFC Markets, InstaForex, SuperForex, FXOpen, Admirals, and others allow you to start an account with just a $1 investment.
Who is the best forex broker with a $1 minimum deposit?
The best forex broker with a $1 minimum deposit will depend on the trader’s requirements. However, InstaForex is well-known for its cheap deposit requirement and complete trading services.
Is it possible to trade effectively with only $1 in my Forex account?
No, while it is feasible to register a Forex account and trade with $1, effective trading with such a tiny sum is difficult due to restricted risk management choices and deal size.
What leverage do $1 minimum deposit forex brokers typically offer?
Forex brokers with a $1 minimum deposit can provide high leverage, often from 1:1000 and higher, increasing profits and dangers.
Are profits withdrawable from a $1 minimum deposit forex account?
Yes, profits gained from trading in a $1 minimum deposit account are normally withdrawable, depending on the broker’s terms and conditions.
Do $1 minimum deposit accounts have access to all trading platforms?
Access to trading platforms varies by broker, although most $1 minimum deposit accounts have access to major platforms such as MetaTrader 4 and 5.
Can I get bonuses with a $1 deposit at a Forex broker?
Yes, some forex brokers may provide bonuses for $1 deposits, such as deposit bonuses or other promotional incentives.
Top 4 Brokers
