We found 11 online brokers that are appropriate for Trading 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.
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.
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.
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.
There are a number of important factors to consider when picking an online Micro Trading Accounts trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
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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Roboforex
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EasyMarkets
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XM
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FXPrimus
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City Index
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OctaFX
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NordFX
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HY Markets
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Axitrader
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AvaTrade
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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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 | 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 Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) |
Min Deposit | No minimum deposit | 1 | 100 | 5 | 100 | 25 | 5 | 1 | 100 | No minimum deposit | 250 |
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Used By | 250,000+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 14,000+ | 30,000+ | 10,000+ | 10,000+ | 10,000+ | 200,000+ |
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Platforms | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, 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, MT5, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with xtb |
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Up with roboforex |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with cityindex |
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Up with octafx |
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Up with nordfx |
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Up with hycm |
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Up with axitrader |
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Up with avatrade |
Risk Warning | 82% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | 75% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider |
Demo |
XTB Demo |
Roboforex Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
City Index Demo |
OctaFX Demo |
NordFX Demo |
HYCM Demo |
Axitrader Demo |
AvaTrade Demo |
Excluded Countries | US, IN, PK, BD, NG , ID, BE | US, JP | US | 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, 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 | No | US | US, JP | BE, BR, KP, NZ, TR, US, CA, SG |
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 2021 article further below. You can see it now by clicking here
We have listed top Micro trading accounts below.