Introduction:
Searching for the best forex broker with no minimum deposit when you start trading? Don't worry we have compiled a list of forex brokers offering starter accounts.
For those considering trading Forex, the huge number of numerous brokers can be daunting. To make matters worse most brokers have minimum deposit requirements that need to be fulfilled before you can start trading. In this article, we will review some of the best Forex brokers around right now that have no minimum deposit requirements.
Go to the Forex marketplace with a micro account from a no minimum deposit broker! You will be well advised to find a good Forex Brokers site with a low minimum deposit amount to start small.
XM Trading
XM Trading offers a $5 minimum deposit and no commission. In fact, they are known for their 100% Welcome Bonus, plus a $30 No Deposit Bonus.
XM Trading is regulated by the CySEC and ASIC.
If you're interested in trading Forex, XM is a great place to start. They offer well over 1,000 assets that include stocks, indices, commodities, and currencies.
XM Trading offers the MetaTrader 5, MetaTrader 4, and Mobile forex online trading top platforms. XMTrading.com offers over 55 forex currency pairs, stocks, CFDs, commodities, indices, gold, and silver for your personal investment and trading options.
FBS
You will know that FBS is a reliable Forex broker trusted by millions of traders around the world. The company has been in the market for more than 10 years, making it one of the pioneers in the industry. Today FBS provides traders with more than 120 trading instruments, including currency pairs, metals, and CFDs for shares, indices, and cryptocurrencies.
The company is officially regulated by IFSC and CySEC and has acquired multiple prestigious awards. FBS also runs educational projects: you can find video lessons on its website that will help you get started on Forex even if you’re a beginner.
FXTM
FXTM (Forex Time) is a leading international forex broker with clients from over 180 countries. FXTM offers access to Forex, Commodities, Stocks, and Indices. Its mission is to give clients the best trading services and support available. The firm also provides clients with the opportunity to earn an income by referring friends and family to their services.
It is regulated by the Cyprus Securities and Exchange Commission (CySEC), FCA (UK), and SCR-FIRA Kenya. It offers a wide range of platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop, mobile, and web. It also offers a custom platform called FXTM Trader that allows clients to access the market on any device or operating system.
The broker’s entry fee starts at $1 but can be as much as $500 depending on the type of account you open; however, there is no minimum deposit limit for this broker.
XTB
XTB is an online forex and CFD broker that offers a wide range of trading instruments for its clients. Founded in 2002, the broker has offices in Warsaw, London, and Paris. XTB is regulated by the FCA, CySEC, and IFSC.
XTB offers two account types: basic and pro. The basic account has a minimum deposit requirement of $250 and spreads start from 1.2 pips on the EUR/USD pair. The maximum leverage available is 1:30.
The minimum deposit to open a standard account with XTB is $250 with a minimum trade size of 0.01 lots.*
XTB - X-Trade Brokers is an international brokerage firm specializing in financial derivatives, including CFDs on forex, stocks, indices, commodities, ETFs, and options.
The brokerage offers its clients two basic account types: Standard and Pro. The Pro account is intended for professional customers and requires a minimum deposit of $2,000 or equivalent.
XTB's fee structure is based on spread only, which is the difference between the bid and ask price of any given currency pair. The tighter the spread you can get from a broker, the lower your trading costs will be.
XTB offers more than 50 currency pairs to trade with spreads starting at 0.1 pips on the EUR/USD pair in its Standard accounts and tighter spreads in Pro Accounts.
Forex.com
Here is Forex.com is another great choice for U.S. forex brokers, but for some different reasons. A big plus is that it’s possible to open a Forex.com account with no minimum deposit (not including a $2,500 deposit for the commission account). The forex broker also offers excellent pricing, with a good spread evenly on major currency pairs, and competitive rollover rates.
Opening a Forex.com account can be done in three different ways:
A standard account requires a minimum $50 deposit, but no commissions are charged on trades.
The commission account, which has much tighter spreads, charges a $5-per-100K trade commission. This account requires a minimum $2,500 deposit.
An institutional account is also available for high-volume traders and requires a minimum $10,000 deposit.
HotForex
We are happy to inform you that HotForex no longer requires any minimum deposit for all of its trading accounts.
We are proud to be a 100% STP/DMA Broker with no conflict of interest between us and our clients. We do not trade against you at any time.
As an award-winning forex broker, we are committed to providing our clients with the best trading experience possible, regardless of their investment objectives or budget. With HotForex, any investor can access the financial markets.
HotForex is an EU Regulated broker, offering a wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum initial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
Conclusion:
A forex broker with no minimum deposit gets you started in the world of international foreign exchange trading (that is, trading in currencies) without a lot of investment. By paying only a small initial fee, you can begin investing in and trading currencies. This article explores some of the advantages and disadvantages of such brokers.
The forex market is a highly competitive and ever-changing industry, with new brokers appearing all the time. This can be overwhelming for any trader looking to enter the scene, but you have options. Brokers with no minimum deposit requirements are a place to start your search, and we hope this article will give you some ideas about which sites to check out. The most important thing for prospective traders to remember is that entering the forex market doesn’t have to be difficult or expensive. Keep an eye out for brokers willing to get you started with just a little bit of initial capital!
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