Brokers With Low Minimum Deposit

Written By

James Barra

Edited By

Jemma Grist

Fact Checked By

Tobias Robinson

Updated

Jul 24, 2024

Brokers with low minimum deposits are great for traders starting out – facilitating quick and easy access to the financial markets. So whilst many forex and stock trading platforms require thousands to open an account, some of the best online brokers offer little or no cash requirement. Here, we explain the benefits and drawbacks of platforms that require minimal capital outlay and list the top brokers with low minimum deposits.

Best Brokers With The Lowest Minimum Deposit

These are the best brokers for new traders with the lowest minimum deposit requirements:

Click a broker for details

1

NinjaTrader

Minimum Deposit: $0

Go To NinjaTrader
NinjaTrader Review

Ratings

Regulation & Trust 4.3 / 5

Accounts & Banking 2.8 / 5

Assets & Markets 2.9 / 5

Fees & Costs 4.3 / 5

Platforms & Tools 4.5 / 5

Customer Support 4 / 5

Research 4 / 5

Education 4 / 5

iOS App 3 / 5

Android App 3.2 / 5

Minimum Deposit $0

Minimum Trade 0.01 Lots

Leverage 1:50

Regulator NFA, CFTC

Instruments Forex, Stocks, Options, Commodities, Futures, Crypto

Platforms NinjaTrader Desktop, Web & Mobile, eSignal

Payment Methods ACH Transfer, Debit Card, Wire Transfer, Cheque

Account Currencies USD

Go To NinjaTrader
2

eToro USA

Minimum Deposit: $10

Go To eToro USA
eToro USA Review

New Customer Bonus Offer Invest $100 and get $10

https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Ratings

Regulation & Trust 4.3 / 5

Accounts & Banking 3 / 5

Assets & Markets 3.9 / 5

Fees & Costs 3.4 / 5

Platforms & Tools 4 / 5

Customer Support 3 / 5

Research 4.3 / 5

Education 4.5 / 5

iOS App 4.3 / 5

Android App 4 / 5

Minimum Deposit $10

Minimum Trade $10

Leverage

Regulator SEC, FINRA

Instruments Stocks, Options, ETFs, Crypto

Platforms eToro Trading Platform & CopyTrader

Payment Methods ACH Transfer, Debit Card, PayPal, Wire Transfer

Account Currencies USD

Go To eToro USA
3

Interactive Brokers

Minimum Deposit: $0

Go To Interactive Brokers
Interactive Brokers Review

Ratings

Regulation & Trust 4.5 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 4.5 / 5

Fees & Costs 4.3 / 5

Platforms & Tools 3.3 / 5

Customer Support 3 / 5

Research 4.4 / 5

Education 4.3 / 5

iOS App 4.3 / 5

Android App 4.5 / 5

Minimum Deposit $0

Minimum Trade $100

Leverage 1:50

Regulator FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM

Instruments Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies

Platforms Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral

Payment Methods Cheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit Card

Account Currencies USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Go To Interactive Brokers
4

IG

Minimum Deposit: $0

Go To IG
IG Review

Forex trading involves risk. Losses can exceed deposits.

Ratings

Regulation & Trust 4.9 / 5

Accounts & Banking 4 / 5

Assets & Markets 4.5 / 5

Fees & Costs 3.5 / 5

Platforms & Tools 4.8 / 5

Customer Support 4.5 / 5

Research 4.9 / 5

Education 5 / 5

iOS App 4.6 / 5

Android App 4 / 5

Minimum Deposit $0

Minimum Trade 0.01 Lots

Leverage 1:30 (Retail), 1:250 (Pro)

Regulator FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM

Instruments CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting

Platforms Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral

Payment Methods PayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit Card

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Go To IG
5

Pocket Option

Minimum Deposit: $50

Go To Pocket Option
Pocket Option Review

New Customer Bonus Offer 50% Deposit Bonus

Ratings

Regulation & Trust 2 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 2.5 / 5

Fees & Costs 3.5 / 5

Platforms & Tools 3.3 / 5

Customer Support 3.3 / 5

Research 3 / 5

Education 3.5 / 5

iOS App 4 / 5

Android App 4.2 / 5

Minimum Deposit $50

Minimum Trade $1

Leverage

Regulator MISA

Instruments Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos

Platforms Web, MT4, MT5

Payment Methods Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, Airtel

Account Currencies USD

Go To Pocket Option
6

OANDA US

Minimum Deposit: $0

Go To OANDA US
OANDA US Review

CFDs are not available to residents in the United States.

Ratings

Regulation & Trust 4.5 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 2.8 / 5

Fees & Costs 4 / 5

Platforms & Tools 4.5 / 5

Customer Support 3.5 / 5

Research 4.3 / 5

Education 3.8 / 5

iOS App 4.7 / 5

Android App 3.7 / 5

Minimum Deposit $0

Minimum Trade 0.01 Lots

Leverage 1:50

Regulator NFA, CFTC

Instruments Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)

Platforms OANDA Trade, MT4, TradingView, AutoChartist

Payment Methods Wire Transfer, Visa, Mastercard, Debit Card, ACH Transfer

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

Go To OANDA US
7

Moomoo

Minimum Deposit: $0

Go To Moomoo
Moomoo Review

New Customer Bonus Offer Get up to 15 free stocks worth up to $2000

Ratings

Regulation & Trust 4.8 / 5

Accounts & Banking 3.3 / 5

Assets & Markets 3 / 5

Fees & Costs 3.8 / 5

Platforms & Tools 3 / 5

Customer Support 2 / 5

Research 3.8 / 5

Education 4.4 / 5

iOS App 4.6 / 5

Android App 3.3 / 5

Minimum Deposit $0

Minimum Trade $0

Leverage 1:2

Regulator SEC, FINRA, MAS, ASIC, SFC

Instruments Stocks, Options, ETFs, ADRs, OTCs

Platforms Desktop Platform, Mobile App

Payment Methods Wire Transfer, ACH Transfer

Account Currencies USD, HKD, SGD

Go To Moomoo
8

Capitalcore

Minimum Deposit: $10

Go To Capitalcore
Capitalcore Review

New Customer Bonus Offer 40% Deposit Bonus up to $2,500

Ratings

Regulation & Trust 3.3 / 5

Accounts & Banking 3.8 / 5

Assets & Markets 3.5 / 5

Fees & Costs 3 / 5

Platforms & Tools 3.8 / 5

Customer Support 3.5 / 5

Research 2.5 / 5

Education 3.5 / 5

iOS App 0 / 5

Android App 0 / 5

Minimum Deposit $10

Minimum Trade 0.01 Lots

Leverage 1:2000

Regulator IFSA

Instruments Forex, Metals, Stocks, Cryptos, Futures Indices

Platforms WebTrader, Pro

Payment Methods Ethereum Payments, Mastercard, Visa, Perfect Money, Bitcoin Payments, Debit Card, Credit Card, PayPal

Account Currencies USD

Go To Capitalcore
9

CloseOption

Minimum Deposit: $5

Go To CloseOption
CloseOption Review

New Customer Bonus Offer $10 Welcome Gift

Minimum Deposit $5

Minimum Trade $1

Leverage

Regulator National Bank of Georgia

Instruments Binary Options on Forex & Cryptos

Platforms Own

Payment Methods PayPal, WebMoney, Mastercard, Perfect Money, Wire Transfer, Bitcoin Payments, Ethereum Payments

Account Currencies USD

Go To CloseOption
10

Uphold

Minimum Deposit: $0

Go To Uphold
Uphold Review

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

Ratings

Regulation & Trust 3 / 5

Accounts & Banking 0 / 5

Assets & Markets 4.3 / 5

Fees & Costs 3.8 / 5

Platforms & Tools 4.5 / 5

Customer Support 2.3 / 5

Research 0 / 5

Education 0 / 5

iOS App 4.6 / 5

Android App 4.4 / 5

Minimum Deposit $0

Minimum Trade $1

Leverage

Regulator

Instruments Cryptos

Platforms Desktop Platform, Mobile App

Payment Methods Wire Transfer, ACH Transfer, Bitcoin Payments, Debit Card, Credit Card, Mastercard, Visa, Ethereum Payments

Account Currencies USD, EUR, GBP

Go To Uphold

Here is a short overview of each broker's pros and cons

NinjaTrader - NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
eToro USA - eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.
Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
IG - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
Pocket Option - Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.
OANDA US - OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.
Moomoo - Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.
Capitalcore - Capitalcore is an offshore broker, based in Saint Vincent and the Grenadines and established in 2019. Traders can choose from four accounts (Classic, Silver, Gold, VIP) with lower spreads and larger bonuses as you move through the tiers. Where Capitalcore distinguishes itself is its high leverage up to 1:2000 and zero swap fees, though these don’t compensate for the weak oversight from the IFSA and paltry education and research.
CloseOption - CloseOption is a Georgia-headquartered broker with over a decade in the trading industry. The brand offers high/low binary options trading on forex and crypto markets, with decent payouts, welcome bonuses, 24/7 customer support and intuitive trading software.
Uphold - Uphold is a digital asset platform offering a range of services, from crypto trading and staking to payment cards that provides rewards and easy multi-currency payments. The company was established in 2015 and has enabled $4+ billion in transactions. Uphold is now active in 180+ countries and deals in 200+ crypto and fiat currencies.

Brokers With Low Minimum Deposit Comparison

Brokers With Low Minimum Deposit Comparison
Minimum Deposit	Minimum Trade	Deposit Methods	Leverage
$0	0.01 Lots	ACH Transfer, Cheque, Debit Card, Wire Transfer	1:50
$10	$10	ACH Transfer, Debit Card, PayPal, Wire Transfer	-
$0	$100	ACH Transfer, Automated Customer Account Transfer Service, Cheque, Debit Card, TransferWise, Wire Transfer	1:50
$0	0.01 Lots	Credit Card, Debit Card, Mastercard, PayPal, Visa, Wire Transfer	1:30 (Retail), 1:250 (Pro)
$50	$1	Airtel, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, FasaPay, JetonCash, Maestro, Mastercard, Perfect Money, Visa, Volet, WebMoney, Wire Transfer	-
$0	0.01 Lots	ACH Transfer, Debit Card, Mastercard, Visa, Wire Transfer	1:50
$0	$0	ACH Transfer, Wire Transfer	1:2
$10	0.01 Lots	Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, PayPal, Perfect Money, Visa	1:2000
$5	$1	Bitcoin Payments, Ethereum Payments, Mastercard, PayPal, Perfect Money, WebMoney, Wire Transfer	-
$0	$1	ACH Transfer, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa, Wire Transfer	-

NinjaTrader

"NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."
Tobias Robinson, Reviewer

NinjaTrader Quick Facts

Demo Account	Yes
Instruments	Forex, Stocks, Options, Commodities, Futures, Crypto
Regulator	NFA, CFTC
Platforms	NinjaTrader Desktop, Web & Mobile, eSignal
Minimum Deposit	$0
Minimum Trade	0.01 Lots
Leverage	1:50
Account Currencies	USD

Pros

Low fees are offered, with $50 day trading margins & commissions from $.09 per micro contract
NinjaTrader continues to deliver comprehensive charting software for active day traders with bespoke technical indicators and widgets
NinjaTrader is a widely respected and award-winning futures broker and is heavily authorized by the NFA and CFTC

Cons

The premium platform tools come with an extra charge
There is a withdrawal fee on some funding methods
Non forex and futures trading requires signing up with partner brokers

Visit NinjaTrader

NinjaTrader Review

eToro USA

"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."
Jemma Grist, Reviewer

eToro USA Quick Facts

Bonus Offer	Invest $100 and get $10
Demo Account	Yes
Instruments	Stocks, Options, ETFs, Crypto
Regulator	SEC, FINRA
Platforms	eToro Trading Platform & CopyTrader
Minimum Deposit	$10
Minimum Trade	$10
Account Currencies	USD

Pros

Investors can access Smart Portfolios for a more hands-off approach, covering a range of sectors and markets such as renewable energy and artificial intelligence
A free demo account means new users and prospective day traders can try the broker risk-free
The $10 minimum deposit and straightforward account opening process means beginners can get started quickly

Cons

Average fees may cut into the profit margins of day traders
There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs and cryptos
The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools

Visit eToro USA

eToro USA Review

Interactive Brokers

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."
Christian Harris, Reviewer

Interactive Brokers Quick Facts

Demo Account	Yes
Instruments	Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Regulator	FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
Platforms	Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Minimum Deposit	$0
Minimum Trade	$100
Leverage	1:50
Account Currencies	USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Pros

The new IBKR Desktop platform takes the best of TWS while adding bespoke tools like Option Lattice and Screeners with MultiSort to create a genuinely impressive trading experience for day traders at every level.
IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries.
IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.

Cons

IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.

Visit Interactive Brokers

Interactive Brokers Review

IG

"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."
Christian Harris, Reviewer

IG Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Regulator	FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM
Platforms	Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
Minimum Deposit	$0
Minimum Trade	0.01 Lots
Leverage	1:30 (Retail), 1:250 (Pro)
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Pros

The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, plus recently added US-listed futures and options, providing ample diversification opportunities
The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award

Cons

Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests
Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges
While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients

Visit IG

IG Review

Pocket Option

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."
Jemma Grist, Reviewer

Pocket Option Quick Facts

Bonus Offer	50% Deposit Bonus
Demo Account	Yes
Instruments	Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
Regulator	MISA
Platforms	Web, MT4, MT5
Minimum Deposit	$50
Minimum Trade	$1
Account Currencies	USD

Pros

Extremely fast and smooth sign-up process that takes less than 2 minutes
The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders

Cons

Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders
The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month

Visit Pocket Option

Pocket Option Review

OANDA US

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."
Jemma Grist, Reviewer

OANDA US Quick Facts

Demo Account	Yes
Instruments	Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
Regulator	NFA, CFTC
Platforms	OANDA Trade, MT4, TradingView, AutoChartist
Minimum Deposit	$0
Minimum Trade	0.01 Lots
Leverage	1:50
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

Pros

Day traders can enjoy fast and reliable order execution
Seasoned day traders can access industry-leading tools, including an MT4 premium upgrade and advanced charting provided by MotiveWave
There's a strong selection of 68 currency pairs for dedicated short-term forex traders

Cons

There's only a small range of payment methods available, with no e-wallets supported
It's a shame that customer support is not available on weekends
The range of day trading markets is limited to forex and cryptos only

Visit OANDA US

OANDA US Review

Moomoo

"Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees."
Jemma Grist, Reviewer

Moomoo Quick Facts

Bonus Offer	Get up to 15 free stocks worth up to $2000
Demo Account	Yes
Instruments	Stocks, Options, ETFs, ADRs, OTCs
Regulator	SEC, FINRA, MAS, ASIC, SFC
Platforms	Desktop Platform, Mobile App
Minimum Deposit	$0
Minimum Trade	$0
Leverage	1:2
Account Currencies	USD, HKD, SGD

Pros

There is no minimum deposit requirement making the broker accessible for beginners
It is reassuring that Moomoo holds licenses with the US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS), among others
There are reduced options contract fees from $0.65 to $0

Cons

There is no phone or live chat support - common options at most other brokers
It's a shame that there is no 2 factor authentication (2FA), despite the other security features on offer
There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers

Visit Moomoo

Moomoo Review

Capitalcore

"The major selling points of Capitalcore are its high leverage options up to 1:2000 and zero commission or swap fees. However, its weak regulatory oversight from the IFSA and non-existent education place it far behind the top brokers."
Christian Harris, Reviewer

Capitalcore Quick Facts

Bonus Offer	40% Deposit Bonus up to $2,500
Demo Account	Yes
Instruments	Forex, Metals, Stocks, Cryptos, Futures Indices
Regulator	IFSA
Platforms	WebTrader, Pro
Minimum Deposit	$10
Minimum Trade	0.01 Lots
Leverage	1:2000
Account Currencies	USD

Pros

The support team are available 24/7 and responded within minutes during testing with helpful responses.
The Capitalcore platform provides comprehensive charting tools and a wide range of 150+ technical indicators, ideal for detailed market analysis.
Unlike most brokers, Capitalcore offers an unlimited demo account that takes under 5 minutes to open.

Cons

The web platform was inconsistent during testing, with occasional technical glitches that meant the trading platform wouldn’t load.
Capitalcore is not regulated by major financial authorities and has an unproven reputation, raising concerns about the safety of client funds.
Capitalcore’s threadbare education and research seriously trail category leaders like IG, making it less suitable for aspiring traders.

Visit Capitalcore

Capitalcore Review

CloseOption

"CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."
Tobias Robinson, Reviewer

CloseOption Quick Facts

Bonus Offer	$10 Welcome Gift
Demo Account	Yes
Instruments	Binary Options on Forex & Cryptos
Regulator	National Bank of Georgia
Platforms	Own
Minimum Deposit	$5
Minimum Trade	$1
Account Currencies	USD

Pros

The user-friendly platform is compatible with most web browsers
Multiple global payment methods are available
Free demo account

Cons

Clients need to deposit $50,000+ to qualify for the best payouts
Binary options are only available on fiat and digital currencies
CloseOption is not regulated by a well-regarded trading authority

Visit CloseOption

CloseOption Review

Uphold

"Uphold remains a top choice for crypto investors looking for a one-stop-shop solution to accessing the markets. There are over 250 tokens to buy, sell and trade through flexible platform options."
William Berg, Reviewer

Uphold Quick Facts

Demo Account	Yes
Instruments	Cryptos
Platforms	Desktop Platform, Mobile App
Minimum Deposit	$0
Minimum Trade	$1
Account Currencies	USD, EUR, GBP

Pros

Two-step authentication bolsters user security
Uphold is 100% reserved which helps to protect client funds
Fees are competitive based on tests, with 26 underlying platforms helping to source the best prices

Cons

The charting analysis features on the platform trail specialist exchanges
Customer service is slow based on tests, with limited contact options
Uphold operates with limited regulatory oversight

Visit Uphold

Uphold Review

Minimum Deposits Explained

Online brokers typically require a deposit to set up an account and start trading. So whether you’re trading stocks or forex, you’ll often need to put down hundreds or thousands before you can open a position. Of course, minimum deposits vary between providers.

Brokers with low minimum deposits can appeal to traders looking to test a live account before investing significant cash. They can also be used to diversify risk exposure by breaking up a large pot between multiple strategies and platforms. Additionally, some strategies can only be tested under real-market conditions, so a paper trading account won’t tick the box.

Market makers, brokers that take the opposing side of trades, generally have the lowest minimums, though ECN forex brokers can also offer little to no deposit requirement. But while capital requirements may vary, it’s important to still choose a broker that’s regulated and offers the trading tools you need to be successful.

For example, brokers in Europe are usually regulated by the CySEC while Australian traders should look for licensing from the ASIC and UK investors for oversight from the FCA. Equally, South African and Kenyan investors should check providers are licensed in their jurisdiction.

Pros

There are several benefits to opening an account with low or no minimum deposit:

Beginners – New starters can learn about the forex market, for example, without risking more than they can afford.
Access – If you want to test several markets, you can spread your pot across multiple assets, from indices like the NASDAQ to precious metals such as gold.
Order size – Brokers with low minimum deposits may accept smaller order sizes which can appeal to those with less cash.
Resources – Most brokers provide a range of guides, tutorials and tips to help support trading strategies, and a small deposit, even just $1, could grant you access to a company’s suite of tools.

Cons

There are several drawbacks to using brokers with low minimum deposits:

Scams – There are a large number of retail trading scams online. And some brokers may lower capital requirements to reel traders in. As a result, investors should check a broker is still regulated by the relevant authority and receives positive reviews.
Hidden fees – Platforms may reduce cash requirements and then charge extra for other trading services, from account inactivity fees to monthly maintenance costs. That’s why it’s important to opt for a legitimate broker with transparent pricing.

Final Word

Online brokers with low or no minimum deposits are a great option for new traders. They connect investors to the financial markets, allowing traders to test a broker’s range of services or refine strategies. However, it’s important not to forget that you still need a legitimate platform with the necessary tools, market access, and regulatory protection. Check out our list of the best brokers with low minimum deposits to start trading today.

FAQ

Why Do Brokers Require A Minimum Deposit?

Online brokers require an initial payment to cover the costs of creating an account and to ensure traders have enough capital to open positions in their chosen market. Minimum deposits vary from several thousand dollars to just $1.

Can I Trade Forex With $1?

Yes, some online brokers offer minimum deposits from just $1, including regulated trading platforms. See our list for leading recommendations and detailed reviews.

Which Online Brokers Have A Minimum Deposit Of $10?

There are a number of trading platforms offering deposits from just $10, including RoboForex and FXTM. Both provide access to a range of leveraged trading products with competitive spreads and reliable customer support.

Who Are The Best HFX Brokers With Low Minimum Deposits?

Some of the best FX brokers with low minimum deposits include Forex.com and XM. They offer an impressive suite of tools and hundreds of trading assets alongside free mobile applications.