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10 Best Forex Brokers with Minimum $10 Deposit

Last Update: May 22nd, 2024

forex brokers with minimum $10 deposit

 

10 Best Forex Brokers with Minimum $10 Deposit This article lists the ten top Forex brokers that permit traders to sign up with a nominal minimum deposit.

 

In this in-depth guide, you’ll learn:

  • What is a Minimum Deposit?
  • Can I open a Forex account with $10?
  • Who is the best forex broker with a ten-dollar minimum deposit?
  • Which forex brokers have a 10-dollar minimum deposit?
  • Can $10 minimum deposit accounts access diverse trading platforms?

So, if you’re ready to go “all in” with the best minimum deposit forex brokers

Let’s dive right in…

 

10 Best Forex Brokers with Minimum $10 Deposit (2024*)

  1. ☑️FXTM – Overall Best $10 minimum deposit Forex Broker.
  2. ☑️Axiory – Best Broker for Beginners.
  3. ☑️Exness– Well-known for its immediate Withdrawal Services.
  4. ☑️OANDA – Strong Regulatory Structure.
  5. ☑️RoboForex – Features a Loyalty Program.
  6. ☑️JustMarkets – Offers no Commissions.
  7. ☑️LiteFinance – Offers beginner-friendly CENT Account.
  8. ☑️IQ Option – Best to explore Various Markets.
  9. ☑️IFX Brokers – Well-known for a wide selection of ZAR accounts.
  10. ☑️Libertex – Offers Exceptional Market experience.

 

🏆 10 Best Forex Brokers

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

What is a Minimum Deposit?

The term “minimum deposit” denotes the bare minimum quantity of capital necessary to establish a trading account with a broker in Forex trading. This deposit is utilized as trading capital on the foreign exchange market. Commencing with a $10 deposit presents distinct ramifications and prospects.

A minimum deposit requirement of $10 enables greater accessibility to the Forex market. This platform allows novices to explore authentic trading environments while avoiding substantial financial hazards.

This feature is especially attractive to novice Forex traders or those exercising caution when investing their funds.

In addition, using a humble deposit of $10 for trading grants essential hands-on experience that aids in understanding market dynamics, testing out strategies, and building confidence without the possibility of significant financial losses.

Although it limits earning potential, one must understand that this method may not yield the same expertise as investing with larger deposits, especially when dealing with leverage management and diversification strategies.

 

10 Best Forex Brokers with a $10 Minimum Deposit

🔎Broker Name👉 Open Account💻Account Types💰Minimum Deposit💻Demo Account
FXTM👉 Open AccountMicro, Advantage, Advantage Plus10 USD
Axiory👉 Open AccountNano, Standard, Max, Tera, Alpha10 USD
Exness👉 Open AccountStandard, Standard Cent, Raw Spread, Zero, Pro10 USD
OANDA👉 Open AccountStandard, Core, Swap-Free, Premium, Premium CoreFrom 0 USD (can deposit $10)
RoboForex👉 Open AccountPrime, ECN, R StocksTrader, ProCent, Pro10 USD
JustMarkets👉 Open AccountMT4 Standard Cent, MT4 Standard, MT4 Pro, MT4 Raw Spread, MT5 Standard, MT5 Pro, MT5 Raw Spread10 USD
LiteFinance👉 Open AccountCENT, CLASSIC, ECN10 USD
IQ Option👉 Open AccountRetail, Professional10 USD
IFX Brokers👉 Open AccountIFX Standard, IFX Premium, IFX VIP, IFX Islamic, IFX Cent10 USD
Libertex👉 Open AccountLibertex Portfolio, Libertex CFD10 USD

 

FXTM

Minimum Deposit

FXTM’s Micro Account allows traders to start with just $10, giving them access to major markets like currency and commodities.

FXTM Overview

With floating spreads starting at 1.5 pips on EUR/USD and no commissions, this account is great for beginner or experienced traders looking to test new strategies with quick execution on the MT4 and FXTM Trader platforms.

 

Unique Features

🔎RegulatorsCySEC, FSCA, FCA, CMA, FSC Mauritius
💻Account TypesMicro, Advantage, Advantage Plus
📊Leverage1:2000
💰Minimum Deposit10 USD
👉 Open Account👉 Open Account

 

FXTM Pros and Cons

✅Pros❌Cons
Traders can access a variety of markets, including Forex, commodities, and indicesForex markets can be turbulent, and starting with modest cash may not provide adequate protection against market swings
FXTM provides substantial teaching materials to help new traders learn about the Forex marketHigh leverage increases the chance of losses, especially for inexperienced traders
The $10 minimum deposit makes it accessible to a wide spectrum of tradersWhile a $10 investment is low-risk, lower position sizes may limit earnings possibilities
The broker is known for providing prompt and friendly client supportCertain withdrawal methods may have limitations or costs that affect the overall trading experience
FXTM provides high leverage options, allowing traders to maximize market exposure with less cash

 

Axiory

Minimum Deposit

Axiory’s Nano Account, with a $10 minimum deposit, provides ultra-low average spreads of 0.3 pips on major Forex pairs.

Axiory

The account, available on MetaTrader 4 and cTrader, permits trading in micro-lots and charges a $6 commission per lot, making it ideal for beginners and those experimenting with different trading strategies.

 

Unique Features

🔎RegulatorsIFSC Belize, FSC Mauritius, FCA
💻Account TypesNano, Standard, Max, Tera, Alpha
📊Leverage1:1000
💰Minimum Deposit10 USD
👉 Open Account👉 Open Account

 

Axiory Pros and Cons

✅Pros❌Cons
Axiory is noted for its transparent trading conditions, which include clear information on spreads, commissions, and leverageAxiory's product selection is fairly limited compared to larger brokers
The broker provides a Nano Account with extremely low spreads
Axiory offers MetaTrader 4, 5, and cTrader, two of the industry's most popular and advanced trading platforms.
The broker's commitment to customer service is clear, as evidenced by a reputation for prompt and helpful assistance
Axiory's educational content and market research are continuously updated

 

Exness

Minimum Deposit

Exness’ Standard Account is praised for its user-friendliness and flexibility, with no minimum deposit and trades starting at $10.

Exness

This account offers changeable spreads starting at 0.3 pips, unlimited leverage, and no commissions, catering to various trading styles and skill levels using a market execution mechanism.

 

Unique Features

🔎RegulatorsFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
💻Account TypesStandard, Standard Cent, Raw Spread, Zero, Pro
📊Leverage1:Unlimited
💰Minimum Deposit10 USD
👉 Open Account👉 Open Account

 

Exness Pros and Cons

✅Pros❌Cons
High Earning Potential: Exness offers a combination of competitive commission structures, including CPA (cost per acquisition) tiers that can be as high as $1,000 and lifetime revenue sharing up to 40%. This means you can earn a significant amount for each client you refer and continue to benefit as long as they remain active.Performance-Based Income: Your earnings depend entirely on client activity. If you don't attract a steady stream of referrals who trade actively, your income may be inconsistent.
Flexible Commission Plans: You can choose between revenue sharing and CPA models, allowing you to tailor your earnings strategy to your audience and traffic source.Limited Transparency: Exness doesn't readily disclose information on conversion rates or the size of their existing affiliate base, making it difficult to gauge the program's overall effectiveness.
Potentially High Conversion Rate: While Exness doesn't explicitly advertise conversion rates, the focus on competitive commissions and lifetime earnings suggests they might be attractive to potential clients, leading to a higher conversion rate.Minimum Requirements: There might be minimum traffic or activity requirements to participate in the program, which could be a hurdle for new affiliates.
Established Program: The program's well-established nature suggests it might have a large existing affiliate base, potentially indicating its success and trustworthiness.Regulatory Considerations: Forex and CFD trading are heavily regulated in many regions. You'll need to ensure your marketing practices comply with relevant regulations and target the appropriate audience.
Marketing and Support: Exness provides a range of marketing materials and creatives to help you promote their services. Additionally, you'll have access to a dedicated affiliate support team for any questions or assistance you may need.Complex Products: Forex and CFDs are complex financial instruments. You'll need a good understanding of these products to responsibly promote them and avoid attracting unsuitable clients.
The broker offers infinite leverage for certain account types, providing a distinct advantage for experienced traders who understand the dangers and rewards of high-leverageWhile Exness is regulated, some of its jurisdictions are less stringent than top-tier authorities such as the FCA or ASIC
Exness is well-known for its immediate withdrawal services, which provide traders with quick and efficient access to their assetsExness' teaching tools are somewhat restricted, especially for advanced traders who require complete learning materials
The platform covers a diverse set of trading instruments, including Forex pairings, commodities, cryptocurrencies, energy, and indices

 

OANDA

Minimum Deposit

OANDA’s Standard Account allows for easy trading with no verification required for deposits under $9,000 and a starting balance of $0, allowing traders to start trading with $10.

OANDA

Traders benefit from competitive spreads starting at 0.6 pips, no commissions, and variable leverage, which suits traders of all levels.

 

Unique Features

🔎RegulatorsIIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, BVI FSC
💻Account TypesStandard, Core, Swap-Free, Premium, Premium Core
📊Leverage1:888
💰Minimum Deposit0 USD
👉 Open Account👉 Open Account

 

OANDA Pros and Cons

✅Pros❌Cons
OANDA is known for its strong regulatory structure, which is overseen by top-tier entities like as the FCA and CFTC, enhancing its credibility and dependabilityOANDA has a restricted product selection, principally focused on Forex and CFDs
The platform has an advanced trading interface, extensive charting capabilities, and a user-friendly design that is appropriate for both novice and expert tradersThe broker's account structure and price tiers can be complex and perplexing to inexperienced traders
OANDA offers a wide range of research tools and resources, such as market analysis and economic calendarsWhile OANDA offers complex tools, beginners may struggle to master these functions
There is no minimum deposit requirement, making it accessible to traders of all levels, and its spreads are competitive.Some users have noticed slippage and latency concerns during periods of strong market volatility
OANDA's customer service is well-regarded, with helpful and experienced support staff

 

RoboForex

Minimum Deposit

RoboForex’s Prime Account offers optimal trading conditions, including a $10 minimum deposit, floating spreads from 0 pips, and a $10 commission per million transacted.

RoboForex

Available on many platforms, including MT4 and MT5, it provides a wide range of tradable instruments with a high leverage ratio of 1:300, making it appealing to traders of all skill levels.

 

Unique Features

🔎Regulators💻Account Types📊Leverage💰Minimum Deposit
CySEC, IFSC, Labuan FSAPrime, ECN, R StocksTrader, ProCent, Pro1:200010 USD
💻Account TypesPrime, ECN, R StocksTrader, ProCent, Pro
📊Leverage1:2000
💰Minimum Deposit10 USD
👉 Open Account👉 Open Account

 

RoboForex Pros and Cons

✅Pros❌Cons
RoboForex provides several account types, including cent accountsSome traders have complained about customer service's responsiveness and efficacy
The broker offers CopyFX, a tool for copy trading that is useful for both beginners and experienced traders searching for diversityRoboForex's bonus programs might be complex and difficult to grasp, particularly for inexperienced traders.
RoboForex features a loyalty program that offers cashback and other advantages to active users
The broker accepts a variety of payment options, including cryptocurrency, for deposits and withdrawals
RoboForex offers MetaTrader 4 and 5, which provide traders with freedom and superior capabilities

 

JustMarkets

Minimum Deposit

JustMarkets provides the MT4 Standard Cent Account with a $10 minimum deposit, ideal for South African traders starting their Forex career.

JustMarkets

This account allows for micro-lot trading and provides generous leverage of up to 1:3000, making it ideal for those exploring low-risk methods.

Furthermore, it is a fantastic starting place for market beginners because it has no commissions and allows you to trade various instruments, including 33 Forex pairs and 4 commodities.

 

Unique Features

🔎RegulatorsFSA, CySEC, FSCA, FSC
💻Account TypesMT4 Standard Cent, MT4 Standard, MT4 Pro, MT4 Raw Spread, MT5 Standard, MT5 Pro, MT5 Raw Spread
📊Leverage1:3000
💰Minimum Deposit10 USD
👉 Open Account👉 Open Account

 

JustMarkets Pros and Cons

✅Pros❌Cons
JustMarkets provides tight spreads and cheap commission ratesConcerns have been raised about execution speed and slippage during instances of extreme volatility
Offers an Islamic account option, which appeals to a wider spectrum of tradersWhile there are a variety of educational tools available, their quality may not match the expectations of more experienced traders
JustMarkets provides high leverage optionsTraders from some areas, notably the United States, are prohibited from utilizing JustMarkets
Accepts a variety of payment options

 

LiteFinance

Minimum Deposit

LiteFinance offers a beginner-friendly CENT account with a minimum deposit of $10. It supports micro-lot trading and leverage of up to 1:200, offering a safe environment for traders to study and execute low-volume trades.

LiteFinance

With no commissions and a floating spread starting at 1.8 pips, the account is available on numerous platforms, including MetaTrader 4 and 5. It allows for limitless open orders, promoting a comprehensive trading experience.

 

Unique Features

🔎RegulatorsCySEC
💻Account TypesCENT, CLASSIC, ECN
📊Leverage1:1000
💰Minimum Deposit10 USD
👉 Open Account👉 Open Account

 

LiteFinance Pros and Cons

✅Pros❌Cons
LiteFinance includes a social trading function that allows traders to replicate the transactions of experienced investorsSome customers have experienced concerns with the platform's stability and execution speed during moments of extreme volatility
Offers a diverse selection of trading instruments, such as forex pairings, commodities, oil, and cryptocurrenciesEducational resources are sparse
LiteFinance is noted for its competitive spreads and cheap transaction fees
Trading platforms are easy to use and include extensive capabilities for both novices and professionals
LiteFinance provides several account types, including ECN accounts, to suit various trading methods

 

IQ Option

Minimum Deposit

IQ Option offers a $10 minimum deposit, commission-free trading, and tight spreads starting at 0.6 pips for EUR/USD.

Traders can explore various markets, including equities, options, and cryptocurrencies, using the broker’s award-winning interface on desktop and mobile devices.

IQ Option

The platform’s architecture and toolset cater to various trading techniques, putting the user experience first.

 

Unique Features

🔎RegulatorsCySEC
💻Account TypesRetail, Professional
📊Leverage1:30
💰Minimum Deposit10 USD
👉 Open Account👉 Open Account

 

IQ Option Pros and Cons

✅Pros❌Cons
IQ Option is well-known for its creative and user-friendly trading interfaceIQ Option's emphasis on binary and digital options may not appeal to traditional Forex and stock traders
Provides a unique variety of tradable products, such as binary options, digital options, and cryptocurrencyRegulated by CySEC, which is respected but less severe than regulators such as the FCA
IQ Option offers a free demo account with virtual funds
The interface is well-designed, with good charting tools and technical indicators to aid trading analysis
IQ Option places a major emphasis on trader education, including several learning resources and courses

 

IFX Brokers

Minimum Deposit

IFX Brokers offers a $10 minimum deposit on its MT4 and MT5 platforms, catering to a diverse range of traders since its launch in 2018. Traders can select from various currency pairings and enjoy competitive trading conditions.

IFX Brokers

The broker stands out for its wide selection of ZAR account options, which cater to South African traders while emphasizing transparency and fairness.

 

Unique Features

🔎RegulatorsFSCA
💻Account TypesIFX Standard, IFX Premium, IFX VIP, IFX Islamic, IFX Cent
📊Leverage1:500
💰Minimum Deposit10 USD
👉 Open Account👉 Open Account

 

IFX  Pros and Cons

✅Pros❌Cons
IFX Brokers provides MetaTrader 4 and 5 platformsIFX Brokers is primarily regulated by the Financial Sector Conduct Authority of South Africa, which may not be as well-known internationally as other agencies such as the FCA or CySEC
The broker offers several account types, including Islamic accounts, to meet the different trading demands and preferencesThe Account structure might be confusing and overwhelming for beginners
IFX Brokers offers competitive spreads, which are very useful for traders trying to reduce their trading costsTraders can still lose their invested capital because of high leverage despite negative balance protection
Has a local presence in South Africa and provides personalized services to South African tradersThe platform's research and analytical tools may not be adequate for sophisticated technical analysis
IFX Brokers offers a variety of educational materials that are appropriate for both new and seasoned traders

 

Libertex

Minimum Deposit

Libertex, with over 25 years of experience, provides a streamlined trading experience for CFDs and commission-free stock investment. The Alpha Account offers MetaTrader 5 access and tailored trading conditions for skilled traders, with no minimum deposit and leverage of up to 1:1.

Libertex

The platform distinguishes itself with its bespoke user-friendly design, affordable pricing, and fast execution rates, making it suited for novice and experienced traders.

 

Unique Features

🔎RegulatorsCySEC
💻Account TypesLibertex Portfolio, Libertex CFD
📊Leverage1:999
💰Minimum Deposit10 USD
👉 Open Account👉 Open Account

 

Libertex  Pros and Cons

✅Pros❌Cons
Libertex is well-known for its user-friendly interfaceLibertex has a smaller selection of tradable assets than other brokers
Provides commission-free stock tradingLibertex does not offer MetaTrader 5
Libertex offers unique risk management capabilities, such as Stop Loss and Take Profit functionalitiesLibertex's educational resources are limited
The platform provides a demo account with virtual funds
Libertex has over 20 years of market experience, creating a solid reputation

Best Forex brokers with $10 minimum deposit

 

Conclusion

Entering the realm of Forex trading does not necessarily entail a significant financial risk. Start small, prioritize education, and choose a broker that aligns with your financial goals and risk tolerance.

 

Frequently Asked Questions

 

Can I open a forex account with $10?

Many forex brokers allow you to start an account with a $10 minimum deposit, which is ideal for new traders or those wishing to test the market with minimal financial commitment.

 

Which Forex Brokers have a $10 minimum deposit?

Brokers such as Exness, JustMarkets, LiteFinance, and others allow traders to open accounts with as little as a $10 investment, making them accessible to beginner and experienced traders.

 

Who is the best Forex Broker with a $10 minimum deposit?

Individual trading preferences and goals will determine the “best” broker with a $10 minimum deposit. However, Exness is frequently praised for its extensive leverage options and diverse range of instruments ideal for various trading techniques.

 

What trading instruments can I access with a $10 deposit?

With a $10 deposit, traders can often access currency pairs, metals, and, in some cases, indices and commodities, depending on the broker’s offerings.

 

Are there any risks associated with trading with a $10 minimum deposit?

Trading with a $10 deposit exposes traders to the same market risks as larger accounts but with less financial exposure; nonetheless, diversification and plan execution may be constrained.

 

Can I use leverage with a $10 minimum deposit forex account?

Yes, traders can use leverage with a $10 minimum deposit account, increasing possible profit and danger of loss.