We found 11 online brokers that are appropriate for Trading Small Accounts.
Online trading activities require a reliable trading account. It can be a mini account or a larger account that requires a larger deposit to open.
We discuss the benefits and cons of small accounts. We will also talk about how to find the best broker for small accounts.
In simple terms, online trading platforms facilitate online trading.
Trading platforms track all trading activity, allows the withdrawal and depositing of funds. Many of the best online brokers offer educational resources as well as financial research tools.
A reputable broker will also offer a demo account.
To open a trading account a minimum balance amount needs to be funded. This can be done several ways including wire transfer, credit or debit card, PayPal and Skrill.
Funding and withdrawal methods vary from broker to broker.
Profits made from trading are deposited in the trading account and a trader can withdraw the money whenever required.
It is important to understand that all the traders are not served equally. The services are segregated based on the type of accounts and these are as mentioned below:
In this article, we will only discuss the Small account.
Before trading with a broker with a small account type it is important to understand the characteristics and features of these accounts.
As the name suggests, the initial deposit to open the account should be comparatively less to other account types.
It is perfect for new traders who can enter the market with as low as 100 pounds/USD.
It is important to note that small accounts can only facilitate small volume trades. Most brokers limit the size of traders that can be done. Traders may be limited to just micro-lot trading and position sizes of just a few mini-lots.
Even with limitations small accounts or mini accounts have some unique advantages which perfectly new online traders who are still learning.
The first and important advantage is the low entry bar. Very small capital is enough to start trading and experience the industry.
Small accounts help in learning and formatting strategies before investing with bigger capital amounts.
The best small accounts brokers make it as easy as possible to register an account and start trading.
There are some disadvantages to small accounts.
Small accounts are not for traders who have experience in online trading as the features are limited. Experienced traders may require some more advanced features only available with larger account types.
For experienced and skill traders a Standard or VIP account is recommended. The best most reputable brokers will be happy to upgrade a traders small account.
Not all brokers are regulated. There are many on the Internet who claim to be best but lack a minimum regulatory license. It is highly risky to deal with unregulated brokers.
It is highly suggested to only deal with a broker who is well regulated by a local regulatory body. A broker that holds regulation in a major EU economy like the UK or Germany is a good sign the broker is reputable as these countries have very strict regulation.
A regulated body may not be the best in the region but at least a trader is ensured the money invested is well protected under the rules and laws of a regulatory body.
Online trading requires skill and experience to make a profit.
First time traders need to be careful and for them, a mini account is perfect as in the worst situation they will lose a small capital, as low as 100 pounds.
Small accounts help in gaining skills and experiencing the market.
Once a trader understands how to build up a strategy and invest accordingly, it is suggested to switch over to a Standard account or VIP account that requires a higher initial deposit.
We've collected thousands of datapoints and written a guide to help you find the best Small 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 small accounts below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Small 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 Small Accounts.
Compare Small Accounts min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are small accounts. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more small accounts that accept small accounts clients
Broker |
IC Markets
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XTB
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FP Markets
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Roboforex
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Pepperstone
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EasyMarkets
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FXPrimus
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Forex.com
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City Index
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OctaFX
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NordFX
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Rating | |||||||||||
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), 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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | 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), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | 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 |
Min Deposit | 200 | No minimum deposit | 100 | 1 | 200 | 100 | 100 | 100 | 25 | 5 | 1 |
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Used By | 60,000+ | 250,000+ | 10,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ | 150,000+ | 14,000+ | 30,000+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with icmarkets |
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Up with xtb |
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Up with fpmarkets |
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Up with roboforex |
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Up with pepperstone |
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Up with easymarkets |
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Up with fxprimus |
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Up with forexcom |
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Up with cityindex |
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Up with octafx |
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Up with nordfx |
Risk Warning | Losses can exceed deposits | 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 | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider | 75% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits |
Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Roboforex Demo |
Pepperstone Demo |
easyMarkets Demo |
FXPrimus Demo |
Forex.com Demo |
City Index Demo |
OctaFX Demo |
NordFX Demo |
Excluded Countries | 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, IN, PK, BD, NG , ID, BE | US, JP, NZ | US, JP | BR, KR, IR, IQ, SY, JP, US | US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | 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 | No |
You can compare Small 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 Small Accounts for 2021 article further below. You can see it now by clicking here
We have listed top Small accounts below.