Best Forex Brokers Ranked And Reviewed
Fortunately, it doesn’t always take a lot of money to make money in forex trading. Most brokers outside of the United States will allow you to open real accounts with about $100. However, there are some who have even lower account minimums. You can try your hand at trading real money without a large investment or putting substantial assets at risk.
In ranking the top forex brokers here, we take a look at the minimum deposit amount, available payment methods, minimum trade sizes, base currencies, and account types.
Please note most of the information above pertains to entry-level accounts offered by various brokers. Deposit requirements and lot sizes may be higher for standard or premium accounts.
Further, accounts in more obscure base currencies may only be available to residents of the related countries.
Making your first deposit is generally a pretty easy, painless process nowadays. Most non-US brokers will accept Visa, Mastercard, Skrill, Neteller, and bank wire.
Here is a table summarizing the top 5 forex brokers with low deposit minimums.
| Broker | Minimum Deposit | Bonus | Base Currencies | Min Lot Size | Payment Options |
|---|---|---|---|---|---|
| XM | $5 | $30 no deposit bonus, 20% deposit bonus Trading bonus are not eligible for clients registered under Trading Point of Financial Instruments Ltd. | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | 1000 | XM Group accepts the most common payment methods like Credit/Debit card, Neteller, Skrill, Bank Wire Transfer, etc. |
| HotForex | $5 | 100% deposit bonus, 30% rescue bonus, 100% credit bonus | USD, EUR | 1000 | Visa, Mastercard, Skrill, Visa Electron, Neteller, cashU, Ukash, Fasapay, Webmoney, Bank Wire Transfer |
| ForexTime | $5 | up to $5 per lot cashback bonus, $25 referral bonus | USD, EUR, GBP, NGN | 1000 | Visa, Mastercard, Maestro, Union Pay, Skrill, Neteller, Webmoney, Payza, OkPay, DixiPay, Yandex, Qiwi, Perfect Money, Cash U, We Chat, Alfa-Click, Bank Transfer |
| Etoro | $50 | $100 referral bonus | USD | 1000 | Visa, Paypal, Neteller, Moneybookers.com, Diner's Club, JCB, Master Card, Webmoney, Skrill, Yandex, GiroPay, Bank Transfer |
| EasyMarkets | $100 | 50% deposit bonus, up to $500 referral bonus (Note: All bonus offers do not apply to clients from EU countries.) | EUR, GBP, USD, CNY, AUD, PLN, ILS, ZAR, NOK, JPY | 5000 | Visa, Mastercard, Skrill, Neteller, Webmoney, Bank Transfers |
