Best Micro Trading Accounts Guide
Micro Trading Accounts
For many people, Forex trading is tricky and not as simple as they think. The success key of this niche is to strategize to make profits.
But with the tight competition nowadays, more and more Forex brokers are offering the wider array of account types selection for the interested traders.
Basically, there are two types of account in the conventional environment of Forex: the standard retail and professional accounts. But these days, as the trader, you can also choose between micro, mini, as well as nano Forex Accounts.
For now, we are going to focus on the micro account for this discussion.
Many traders have switched to the micro account because it is a great option for budget conscious people. If you have a tight budget with little experience in Forex trading, the micro account will be a great start for you.
This type of account is also a prevalent choice for the investors who want to calm the wave down for a while and try out new strategies before using something larger in capitals. Many professional traders create the micro Forex account for their secondary account or trial account.
What Are Micro Trading Accounts?
The same as in Forex, it is also called a Micro Forex account.
The principles and concepts of the micro accounts were introduced back in 2006 as LiteForex became the first brokerage who adopted it and not everyone was convinced with the benefits offered by the micro accounts at that time.
In short, micro accounts can be defined as the type of foreign exchange market which requires lower capital to create
It is designed for the traders who do not have enough capital to start the creation of a standard Forex account.
The other name of micro account is cent account. It is also designed for those who have large capital but cannot afford to risk too much of their money.
If you are interested in low risk investment, the micro Forex account is definitely the way to do it.
Micro trading accounts basically work the same as the standard trading account, the difference being is that the micro accounts operate on a smaller scale.
The minimum lot size of the micro account is 1,000 units of the base currency and the traders are able to make the purchases in the multiples of 1,000 units.
To compare exactly, the standard Forex account amounts to 100 micro lots. That means it requires 100,000 base currency units and it is simple to see the huge differences in the units.
1,000 base units are not the most standard around the world. It is also possible to find specific brokers who allow the trader to trade in just 100 base currency units.
While some platforms still call it a micro Forex account, the word has been widely replaced with nano account.
The volume will be different depending on the equity in the balance of the account.
If we are talking about dollars currencies, the measurement is in cents rather than in dollars.
Depending on where you get your broker, you can get started with as low as $10. all you need to do is to deposit in your micro account and trade.
Who are Micro Trading Accounts for?
If you have a tight budget with little to no experience in Forex trading, the micro account would be a great start for you
The type of account can be a great option for the investors who want to test the water with new strategies.
Therefore, you will not need to lose much money for the trials and errors.
If you are like most traders, you might want to join the Forex markets with the hope to generate more income on your side. It might also be one of the components in your diversified investment portfolio.
But to make it as a big facet of your money, it would be impossible. The mini Forex accounts come with lower returns because of the lower minimum lot size. It is 1 to 10 of the lot for standard accounts.
So, you should not expect too much from the micro account. But if you are a beginner, it is possible to learn many things from it.
Micro Accounts Risk
While the standard accounts are too risky for the beginners, the micro accounts can give such comprehensive opportunities for the traders to learn about the factors which move the market, ups and downs, and other information.
Some brokers offer automated trading approaches to use the micro accounts in some conditions. If you want to strategize using the micro Forex accounts, you could also use it for gaining better profits with lower levels of risks.
We've collected thousands of datapoints and written a guide to help you find the best Micro Trading Accounts 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 trading accounts below. You can go straight to the broker list here.
Reputable Micro Trading Accounts Checklist
There are a number of important factors to consider when picking an online Micro Trading Accounts trading brokerage.
- Check your Micro Trading Accounts broker has a history of at least 2 years.
- Check your Micro Trading Accounts broker has a reasonable sized customer support of at least 15.
- Does the Micro Trading Accounts 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 Trading Accounts broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Micro Trading Accounts broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Micro Trading Accounts 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 Trading Accounts.
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 Trading Accounts.
- 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 Trading Accounts of 2020 compared
Here are the top Micro Trading Accounts.
Compare Micro Trading Accounts min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are micro trading accounts. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more micro trading accounts that accept micro trading accounts clients
| Broker |
XTB
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City Index
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Roboforex
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XM
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FXPrimus
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EasyMarkets
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HY Markets
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AvaTrade
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NordFX
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OctaFX
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Axitrader
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| Rating | |||||||||||
| Regulation | 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 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC) | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | 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 | 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) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) |
| Min Deposit | No minimum deposit | 25 | 1 | 5 | 100 | 100 | 100 | 250 | 1 | 5 | No minimum deposit |
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| Used By | 200,000+ | 14,000+ | 10,000+ | 70,000+ | 10,000+ | 142,500+ | 10,000+ | 200,000+ | 10,000+ | 30,000+ | 10,000+ |
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| Platforms | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with xtb |
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Up with cityindex |
Sign
Up with roboforex |
Sign
Up with xm |
Sign
Up with fxprimus |
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Up with easymarkets |
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Up with hycm |
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Up with avatrade |
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Up with nordfx |
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Up with octafx |
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Up with axitrader |
| Risk Warning | 79% 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. | 74% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits |
| Demo |
XTB Demo |
City Index Demo |
Roboforex Demo |
XM Demo |
FXPrimus Demo |
easyMarkets Demo |
HYCM Demo |
AvaTrade Demo |
NordFX Demo |
OctaFX Demo |
Axitrader Demo |
| Excluded Countries | US, IN, PK, BD, NG , ID, BE | 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 | US, JP | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US | US | BE, BR, KP, NZ, TR, US, CA, SG | No | US | US, JP |
All Micro trading accounts in more detail
You can compare Micro Trading Accounts 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 Trading Accounts for 2020 article further below. You can see it now by clicking here
We have listed top Micro trading accounts below.
Micro Trading Accounts Table of Contents
- Micro Trading Accounts Explained
- 6 Factors to Consider when Choosing Micro Trading Accounts
- Are Your Micro Trading Accounts Trusted And Established?
- Are The Micro Trading Accounts World Leading?
- What are the Micro Trading Accounts Commissions and Fees?
- What are the Micro Trading Accounts Funding and Withdrawl Methods?
- Find Micro Trading Accounts with Round-the-clock support?
- Make sure the Micro Trading Accounts Offer Comprehensive Trader resources?
- Why do Micro Trading Accounts need to be regulated?
- Micro Trading Accounts FAQ
- What are the best Micro trading accounts brokers?
- What is the best Micro trading account broker?
- Related Micro Trading Accounts Reviews
- Related Micro Trading Accounts Alternatives
- Related Micro Trading Accounts Comparisons
Micro Trading Accounts Explained
Trading the financial markets with Micro Trading Accounts 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 Trading Accounts is the platform that a Micro Trading Accounts offer.
Choose Micro Trading Accounts that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Micro Trading Accounts that you can rely on.
6 Factors to Consider when Choosing Micro Trading Accounts
Follow these five rules for selecting a broker that's right for you:
Are Your Micro Trading Accounts 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 Trading Accounts broker is XTB. Established in 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), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego regulatory bodies.
Another top rated broker is City Index.
City Index was established 1983, and in operation for 35 years City Index have a head office in UK.
City Index is regulated. This means City Index are supervised by and is checked for conduct by 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 regulatory bodies.
| Broker |
XTB
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City Index
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Roboforex
|
XM
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FXPrimus
|
EasyMarkets
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| Year Established | 2002 | 1983 | 2009 | 2009 | 2009 | 2001 |
| Head Office | Poland | UK | Cyprus | Cyprus | Cyprus | Cyprus, Australia |
| Regulation | 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 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC) | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Used By | 200,000+ | 14,000+ | 10,000+ | 70,000+ | 10,000+ | 142,500+ |
| Negative balance protection | Yes | Yes | No | Yes | No | Yes |
| Guaranteed Stop Loss | No | Yes | No | No | No | Yes |
| Learn More | Visit XTB | Visit City Index | Visit Roboforex | Visit XM | Visit FXPrimus | Visit easyMarkets |
| Risk Warning | 79% 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. | 74% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | Your capital is at risk |
Are The Micro Trading Accounts World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. XTB Segregates clients funds and offers over 1,500 instruments. XTB offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, XTB 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. XTB 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 Trading Accounts is City Index . City Index Segregates clients funds and offers over 12,500 instruments.
| Broker |
XTB
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City Index
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Roboforex
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XM
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FXPrimus
|
EasyMarkets
|
| Instruments Available | 1,500 | 12,500 | 100 | 100 | 100 | 200 |
| Platforms | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
| Excluded Countries | 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 | 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 | US, JP | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR,US, AU, SY, DZ, JP, EC. | US |
| Forex pairs offered | 50 | 100 | 35 | 80 | 45 | 150 |
| Forex pairs offered | 50 | 100 | 35 | 80 | 45 | 150 |
| 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 | No | Yes |
| Commodities Offered | 21 | 26 | 0 | 15 | 0 | 12 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | No | Yes | Yes | Yes |
| Agricultural | Yes | Yes | No | No | No | Yes |
| Stocks Offered | 1696 | 4500 | 0 | 160 | 60 | 52 |
| UK Shares | Yes | Yes | No | No | Yes | Yes |
| US Shares | Yes | Yes | No | No | Yes | Yes |
| German Shares | Yes | Yes | No | Yes | No | Yes |
| Japanese Shares | Yes | Yes | No | Yes | No | Yes |
What are the Micro Trading Accounts Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Micro Trading Accounts broker XTB offers competitive offers for Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.
Another top rated Micro Trading Accounts broker City Index offers Forex, CFDs, Spread Betting. City Index minimum deposit is 25.
| Broker |
XTB
|
City Index
|
Roboforex
|
XM
|
FXPrimus
|
EasyMarkets
|
| Min Deposit | 0 | 25 | 1 | 5 | 100 | 100 |
| Withdrawl Fees | varies | Varies | Yes | No | Varies | No |
| Inactivity Fees | No | Yes | No | Yes | No | No |
| Deposit Fees | No | Varies | No | No | Varies | No |
| CFD Commission Fees | Yes | 0.0015 | No | No | No | No |
What are the Micro Trading Accounts Funding and Withdrawal Methods?
When dealing with Micro Trading Accounts having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
XTB
|
City Index
|
Roboforex
|
XM
|
FXPrimus
|
EasyMarkets
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | No | No | No | No |
| Skrill | Yes | No | No | No | No | Yes |
| Payoneer | Yes | Yes | Yes | No | Yes | No |
| Neteller | Yes | No | Yes | Yes | Yes | Yes |
Find Micro Trading Accounts with Round-the-clock support?
Customer service is very important when dealing with Micro Trading Accounts.
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 Trading Accounts customer support can include Phone answering services, Live chat support and Email customer service support.
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
City Index support a wide range of languages including English, Spanish, German, Arabic, Polish, and Chinese
XTB and City Index offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
XTB
|
City Index
|
Roboforex
|
XM
|
FXPrimus
|
EasyMarkets
|
| Support |
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| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Spanish, German, Arabic, Polish, and Chinese | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian | English, German, Arabic, Chinese, Spanish and Polish |
| Learn More | Visit XTB | Visit City Index | Visit Roboforex | Visit XM | Visit FXPrimus | Visit easyMarkets |
| Risk Warning | 79% 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. | 74% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | Your capital is at risk |
Make sure the Micro Trading Accounts 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, XTB and City Index 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 Trading Accounts need to be regulated?
A regulated Micro Trading Accounts broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Micro Trading Accounts 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 Trading Accounts List
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, 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, 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, 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, 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, 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, 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, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account