Best Micro Account Brokers Guide
Foreign exchange trading or forex trading has always been a catchy thing among investors and lately, more retail investors have started investing in it. However, making decent money is not easy. High risks are involved and hence it is suggested to opt initially for micro accounts, which primarily caters to those who dislike risking a lot of money in the forex market.
Micro accounts explained
There are three types of accounts through which investors can gain access to forex trading. One is a micro account or micro trading account, the one which is being discussed here, and the other two are mini account and a standard account.
Usually, beginners to forex market opt for a forex micro account, and this is perfect for such retail traders who want to risk less and trade like a professional. The minimum deposit in forex micro account is either small or zero.
Micro lot trading in such an account is equivalent to 1,000 units of base currency and the minimum volume to be traded is one lot.
What is micro trading
Forex trading using a micro account is called as micro trading or micro forex trading. It is the same as the mini trading and standard trading with the mini account and standard account respectively. It requires less money to trade compared to the other two and hence the earnings, as well as risks, are less too.
Advantages of micro trading
- In micro forex tracing the transactions are in smaller volumes.
- The forex micro account is opened through a broker company.
- The broker company monitors the market in which orders are passed.
- Micro lot trading means less risk.
- Micro lot trading also means less expense.
- Forex micro account is best for beginners taking entry to the forex market
How to make money with forex micro account
Even though the trading amount is less in a forex micro account, it is suggested to trade as if the volume is 1 million dollars. Take a slow and calculated approach without becoming emotional as making money is not always synonymous with taking high risks. Many lose money because they get tempted easily to trade every day and without visualizing the bigger picture of micro forex trading. Fast and haphazard step never leads to making more money, but it should be slow and steady.
How to trade like a professional
The first thing a micro accounts broker would usually suggest is to focus less on getting rich and making money, and more on the process of trading.
Build a long-term trading plan and become disciplined as well as an accountable investor by tracking the progress of investment in a forex trading journal. This will give a tangible piece of evidence of the trades.
It is suggested not to measure the profits in percentage or micropip, but on the guiding principle that existed before entering the micro forex trading.
The next level
If making money through micro trading becomes a forte, it is the right time to shift to the next level, but only by taking more careful steps. Risking big means some more knowledge is required about the market. Moreover, managing investment henceforth need to be done more correctly.
We've collected thousands of datapoints and written a guide to help you find the best Micro Account Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best micro account brokers below. You can go straight to the broker list here.
Reputable Micro Account Brokers Checklist
There are a number of important factors to consider when picking an online Micro Account trading brokerage.
- Check your Micro Account broker has a history of at least 2 years.
- Check your Micro Account broker has a reasonable sized customer support of at least 15.
- Does the Micro Account broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Micro Account broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Micro Account broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Micro Account broker can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Micro Account Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Micro Account Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Micro Account Brokers of 2020 compared
Here are the top Micro Account Brokers.
Compare Micro Account Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are micro account brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more micro account brokers that accept micro account clients
| Broker |
eToro
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XTB
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FXPrimus
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Roboforex
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EasyMarkets
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AvaTrade
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XM
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HY Markets
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City Index
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NordFX
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| Rating | ||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 |
| Min Deposit | 200 | No minimum deposit | 100 | 1 | 100 | 250 | 5 | 100 | 25 | 1 |
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| Used By | 12,000,000+ | 250,000+ | 10,000+ | 10,000+ | 142,500+ | 200,000+ | 70,000+ | 10,000+ | 14,000+ | 10,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps |
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| Learn More |
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Up with etoro |
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Up with xtb |
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Up with fxprimus |
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Up with roboforex |
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Up with easymarkets |
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Up with avatrade |
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Up with hycm |
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Up with cityindex |
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Up with nordfx |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | 80% 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. | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | 79% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
| Demo |
eToro Demo |
XTB Demo |
FXPrimus Demo |
Roboforex Demo |
easyMarkets Demo |
AvaTrade Demo |
XM Demo |
HYCM Demo |
City Index Demo |
NordFX Demo |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | US, IN, PK, BD, NG , ID, BE | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, JP | US | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, IL, KR, IR, MM, CU, SD, SY | US | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | No |
All Micro account brokers in more detail
You can compare Micro Account Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Micro Account Brokers for 2020 article further below. You can see it now by clicking here
We have listed top Micro account brokers below.
Micro Account Brokers Table of Contents
- Micro Account Brokers Explained
- 6 Factors to Consider when Choosing Micro Account Brokers
- Are Your Micro Account Brokers Trusted And Established?
- Are The Micro Account Brokers World Leading?
- What are the Micro Account Brokers Commissions and Fees?
- What are the Micro Account Brokers Funding and Withdrawl Methods?
- Find Micro Account Brokers with Round-the-clock support?
- Make sure the Micro Account Brokers Offer Comprehensive Trader resources?
- Why do Micro Account Brokers need to be regulated?
- Micro Account Brokers FAQ
- What are the best Micro account brokers?
- What is the best Micro account broker?
- Related Micro Account Brokers Reviews
- Related Micro Account Brokers Alternatives
- Related Micro Account Brokers Comparisons
Micro Account Brokers Explained
Trading the financial markets with Micro Account Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Micro Account Brokers is the platform that a Micro Account Brokers offer.
Choose Micro Account Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Micro Account Brokers that you can rely on.
6 Factors to Consider when Choosing Micro Account Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Micro Account Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Micro Account broker is eToro. Established in 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is XTB.
XTB was established 2002, and in operation for 16 years XTB have a head office in Poland.
XTB is regulated. This means XTB are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
eToro
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XTB
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FXPrimus
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Roboforex
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EasyMarkets
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AvaTrade
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| Year Established | 2006 | 2002 | 2009 | 2009 | 2001 | 2006 |
| Head Office | Cyprus, UK | Poland | Cyprus | Cyprus | Cyprus, Australia | The British Virgin Islands |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) |
| Used By | 12,000,000+ | 250,000+ | 10,000+ | 10,000+ | 142,500+ | 200,000+ |
| Negative balance protection | No | Yes | No | No | Yes | No |
| Guaranteed Stop Loss | No | No | No | No | Yes | No |
| Learn More | Visit eToro | Visit XTB | Visit FXPrimus | Visit Roboforex | Visit easyMarkets | Visit AvaTrade |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | 80% 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. | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | 79% of retail investor accounts lose money when trading CFDs with this provider |
Are The Micro Account Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 100 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Micro Account Brokers is XTB . XTB Segregates clients funds and offers over 1,500 instruments.
| Broker |
eToro
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XTB
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FXPrimus
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Roboforex
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EasyMarkets
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AvaTrade
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| Instruments Available | 100 | 1,500 | 100 | 100 | 200 | 250 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR,US, AU, SY, DZ, JP, EC. | US, JP | US | BE, BR, KP, NZ, TR, US, CA, SG |
| Forex pairs offered | 50 | 50 | 45 | 35 | 150 | 80 |
| Forex pairs offered | 50 | 50 | 45 | 35 | 150 | 80 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | No | No | Yes | Yes |
| Commodities Offered | 0 | 21 | 0 | 0 | 12 | 16 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | No | Yes | Yes |
| Agricultural | Yes | Yes | No | No | Yes | Yes |
| Stocks Offered | 957 | 1696 | 60 | 0 | 52 | 99 |
| UK Shares | Yes | Yes | Yes | No | Yes | Yes |
| US Shares | Yes | Yes | Yes | No | Yes | Yes |
| German Shares | Yes | Yes | No | No | Yes | Yes |
| Japanese Shares | Yes | Yes | No | No | Yes | Yes |
What are the Micro Account Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Micro Account broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency. eToro minimum deposit is 200.
Another top rated Micro Account broker XTB offers Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.
| Broker |
eToro
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XTB
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FXPrimus
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Roboforex
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EasyMarkets
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AvaTrade
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| Min Deposit | 200 | 0 | 100 | 1 | 100 | 250 |
| Withdrawl Fees | Yes | varies | Varies | Yes | No | No |
| Inactivity Fees | Yes | No | No | No | No | No |
| Deposit Fees | No | No | Varies | No | No | No |
| CFD Commission Fees | No | Yes | No | No | No | No |
What are the Micro Account Brokers Funding and Withdrawal Methods?
When dealing with Micro Account Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
|
XTB
|
FXPrimus
|
Roboforex
|
EasyMarkets
|
AvaTrade
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | No | No | No | Yes |
| Skrill | Yes | Yes | No | No | Yes | No |
| Payoneer | Yes | Yes | Yes | Yes | No | Yes |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes |
Find Micro Account Brokers with Round-the-clock support?
Customer service is very important when dealing with Micro Account Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Micro Account Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, and Italian
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
eToro and XTB offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
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XTB
|
FXPrimus
|
Roboforex
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EasyMarkets
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AvaTrade
|
| Support |
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| Languages | English, German, Spanish, French, and Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Arabic, Chinese, Spanish and Polish | English, Italian, German, French, Greek, and Hebrew |
| Learn More | Visit eToro | Visit XTB | Visit FXPrimus | Visit Roboforex | Visit easyMarkets | Visit AvaTrade |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | 80% 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. | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | 79% of retail investor accounts lose money when trading CFDs with this provider |
Make sure the Micro Account Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and XTB work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Micro Account Brokers need to be regulated?
A regulated Micro Account broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Micro Account brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Micro Account Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account