Best Mini Accounts Guide
Mini Accounts
Mini accounts are one of the three trading accounts usually opened by brokers for traders against a pre- defined payment by credit or debit card, wire transfer, Skrill, PayPal and other modes.
Returns from trades are accumulated in the accounts and can be withdrawn. The other two types of accounts apart from mini accounts are Standard accounts and VIP or Premium accounts.
Mini Accounts Characteristics
The mini accounts are usually basic level accounts and perfect for traders who want to take an entry to a financial market.
Mini accounts are different from the other two types with respect to comparatively low deposit amounts and more size of the investment, and accessibility to some of the important features.
Mini accounts require smaller capital, even as low as 100 pounds. This low amount arrangement favours giving exposure to novice traders who learn by risking less.
However, the trade sizes for mini accounts are smaller. Mini accounts only allow for micro-lot trading and their position sizes remain within a few mini-lots. They are barred to execute CFD in full.
Traders can upgrade from mini accounts to standard accounts after learning about the market and know what strategy to apply when they trade with bigger capital.
Mini Accounts Advantage
There are three major advantages of mini accounts and the first is that it requires low capital that is perfect for new traders.
Some of the trading platforms require as low as 100 pounds to open mini accounts.
Mini accounts are perfect for learning and experiencing the market without risking bigger capital.
Mini Accounts Disadvantage
Once traders have gained experience, it is suggested to upgrade to standard accounts. Mini accounts are not thereafter suitable as larger positions cannot be set.
Mini accounts have limited features. To enhance trading and make more money traders need to move to larger account types to gain access to more trading features.
No trading analysis is provided in mini accounts. The commissions charged on CFDs under mini accounts are higher compared to the other two accounts. No mobile trading is provided and expert advisors focus on dealing with clients with larger accounts.
Mini Accounts Verdict
Mini accounts are best for new traders who want to take less risk to learn about the market in a practical way, something more than theories.
The capital required is low compared to standard and VIP accounts. However, it is always suggested to upgrade the account after gaining experience as many features are unavailable here.
We've collected thousands of datapoints and written a guide to help you find the best Mini 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 mini accounts below. You can go straight to the broker list here.
Reputable Mini Accounts Checklist
There are a number of important factors to consider when picking an online Mini Accounts trading brokerage.
- Check your Mini Accounts has a history of at least 2 years.
- Check your Mini Accounts has a reasonable sized customer support of at least 15.
- Does the Mini Accounts 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 Mini Accounts has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Mini Accounts have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Mini 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 Mini 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 Mini 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 Mini Accounts of 2020 compared
Here are the top Mini Accounts.
Compare Mini Accounts min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are mini accounts. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more mini accounts that accept mini accounts clients
| Broker |
eToro
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XTB
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IC Markets
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FP Markets
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Pepperstone
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FXPrimus
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Roboforex
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EasyMarkets
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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 | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | 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) |
| Min Deposit | 200 | No minimum deposit | 200 | 100 | 200 | 100 | 1 | 100 |
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| Used By | 12,000,000+ | 250,000+ | 60,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 142,500+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 |
| Support |
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| Learn More |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with icmarkets |
Sign
Up with fpmarkets |
Sign
Up with pepperstone |
Sign
Up with fxprimus |
Sign
Up with roboforex |
Sign
Up with easymarkets |
| 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 | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% 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 |
| Demo |
eToro Demo |
XTB Demo |
IC Markets Demo |
FP Markets Demo |
Pepperstone Demo |
FXPrimus Demo |
Roboforex Demo |
easyMarkets Demo |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | US, IN, PK, BD, NG , ID, BE | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, JP, NZ | BR, KR, IR, IQ, SY, JP, US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, JP | US |
All Mini accounts in more detail
You can compare Mini 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 Mini Accounts for 2020 article further below. You can see it now by clicking here
We have listed top Mini accounts below.
Mini Accounts Table of Contents
- Mini Accounts Explained
- 6 Factors to Consider when Choosing Mini Accounts
- Are Your Mini Accounts Trusted And Established?
- Are The Mini Accounts World Leading?
- What are the Mini Accounts Commissions and Fees?
- What are the Mini Accounts Funding and Withdrawl Methods?
- Find Mini Accounts with Round-the-clock support?
- Make sure the Mini Accounts Offer Comprehensive Trader resources?
- Why do Mini Accounts need to be regulated?
- Mini Accounts FAQ
- What are the best Mini accounts brokers?
- What is the best Mini account broker?
- Related Mini Accounts Reviews
- Related Mini Accounts Alternatives
- Related Mini Accounts Comparisons
Mini Accounts Explained
Trading the financial markets with Mini 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 Mini Accounts is the platform that a Mini Accounts offer.
Choose Mini Accounts that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Mini Accounts that you can rely on.
6 Factors to Consider when Choosing Mini Accounts
Follow these five rules for selecting a broker that's right for you:
Are Your Mini 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 Mini Accounts 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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IC Markets
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FP Markets
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| Year Established | 2006 | 2002 | 2007 | 2005 |
| Head Office | Cyprus, UK | Poland | Australia | Australia |
| 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 | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Used By | 12,000,000+ | 250,000+ | 60,000+ | 10,000+ |
| Negative balance protection | No | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No |
| Learn More | Visit eToro | Visit XTB | Visit IC Markets | Visit FP Markets |
| 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 |
Are The Mini Accounts 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 Mini Accounts is XTB . XTB Segregates clients funds and offers over 1,500 instruments.
| Broker |
eToro
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XTB
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IC Markets
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FP Markets
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| Instruments Available | 100 | 1,500 | 232 | 100 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, IRESS, Mac, 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 | US | US, JP, NZ |
| Forex pairs offered | 50 | 50 | 65 | 60 |
| Forex pairs offered | 50 | 50 | 65 | 60 |
| Major forex pairs | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes | Yes |
| Commodities Offered | 0 | 21 | 19 | 18 |
| Metals | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | Yes |
| Stocks Offered | 957 | 1696 | 100 | 10000 |
| UK Shares | Yes | Yes | No | Yes |
| US Shares | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes |
What are the Mini Accounts Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Mini Accounts broker eToro offers competitive offers for CFDs, Social Trading. eToro minimum deposit is 200.
Another top rated Mini Accounts broker XTB offers Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.
| Broker |
eToro
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XTB
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IC Markets
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FP Markets
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| Min Deposit | 200 | 0 | 200 | 100 |
| Withdrawl Fees | Yes | varies | No | No |
| Inactivity Fees | Yes | No | No | No |
| Deposit Fees | No | No | Varies | Yes |
| CFD Commission Fees | No | Yes | Yes | Yes |
What are the Mini Accounts Funding and Withdrawal Methods?
When dealing with Mini Accounts having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
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XTB
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IC Markets
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FP Markets
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| Bank transfer | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes |
| Skrill | Yes | Yes | Yes | Yes |
| Payoneer | Yes | Yes | No | |
| Neteller | Yes | Yes | Yes | Yes |
Find Mini Accounts with Round-the-clock support?
Customer service is very important when dealing with Mini 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.
Mini Accounts 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
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IC Markets
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FP Markets
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| 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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese |
| Learn More | Visit eToro | Visit XTB | Visit IC Markets | Visit FP Markets |
| 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 |
Make sure the Mini 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, 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 Mini Accounts need to be regulated?
A regulated Mini Accounts broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Mini 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.
Mini Accounts 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, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer 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, IRESS, 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, MT5, Mac, ZuluTrade, 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, 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