Brokers With Low Minimum Deposit

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:

Brokers With Low Minimum Deposit Comparison

Brokers With Low Minimum Deposit Comparison
Broker Minimum Deposit Minimum Trade Deposit Methods Leverage Visit
Interactive Brokers logo
$0 $100 ACH Transfer, Automated Customer Account Transfer Service, Cheque, Debit Card, TransferWise, Wire Transfer 1:50 Visit
NinjaTrader logo
$0 0.01 Lots ACH Transfer, Debit Card, Wire Transfer 1:50 Visit
eToro USA logo
$10 $10 ACH Transfer, Debit Card, PayPal, Wire Transfer - Visit
OANDA US logo
$0 0.01 Lots ACH Transfer, Debit Card, Mastercard, Visa, Wire Transfer 1:50 Visit
LQDFX logo
$20 0.01 Lots Bitcoin Payments, Credit Card, Debit Card, Mastercard, PayRedeem, Visa 1:1000 Visit
IG logo
$0 0.01 Lots Credit Card, Debit Card, Mastercard, PayPal, Visa, Wire Transfer 1:30 (Retail), 1:250 (Pro) Visit
Pocket Option logo
$50 $1 ADVcash, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, FasaPay, JetonCash, Maestro, Mastercard, Perfect Money, Visa, WebMoney, Wire Transfer - Visit
Moomoo logo
$0 $0 ACH Transfer, Wire Transfer 1:2 Visit
CEX.IO logo
$20 $1 Apple Pay, Bitcoin Payments, Credit Card, Debit Card, Google Wallet, Mastercard, Neteller, PayPal, Skrill, Swift, Visa, Wire Transfer - Visit
Uphold logo
$0 $1 ACH Transfer, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Visa, Wire Transfer - Visit
ForexChief logo
$10 0.01 Lots ADVcash, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, FasaPay, Neteller, Perfect Money, Skrill, UnionPay, WebMoney, Wire Transfer 1:1000 Visit
Axofa logo
$1 0.01 Lots Bitcoin Payments, Credit Card, Debit Card, Mastercard, Neteller, Skrill, Visa, Wire Transfer 1:1000 Visit
CloseOption logo
$5 $1 Bitcoin Payments, Ethereum Payments, Mastercard, PayPal, Perfect Money, WebMoney, Wire Transfer - Visit
Sage FX logo
$10 0.01 Lots Bitcoin Payments, Credit Card, Ethereum Payments, Mastercard, Visa 1:500 Visit
Empower logo
$1 (Cash), $100,000 (Robo Advisor) Variable Wire Transfer - Visit

#1 - Interactive Brokers

Why We Chose Interactive Brokers

Interactive Brokers (IBKR) is a premier brokerage for experienced traders, 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.

"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."

- DayTrading Review Team
  • Instruments: Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
  • Regulator: FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB
  • Platforms: Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
  • Minimum Deposit: $0
  • Minimum Trade: $100
  • Leverage: 1:50

Pros

  • While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
  • IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries.
  • There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.

Cons

  • 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.
  • 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.
  • TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.

#2 - NinjaTrader

Why We Chose 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.

"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."

- DayTrading Review Team
  • 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

Pros

  • Low fees are offered, with $50 day trading margins & commissions from $.09 per micro contract
  • Traders can get free platform access and trade simulation capabilities in the unlimited demo
  • 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
  • Non forex and futures trading requires signing up with partner brokers
  • There is a withdrawal fee on some funding methods

#3 - eToro USA

Why We Chose 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.

"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."

- DayTrading Review Team
  • Instruments: Stocks, Options, ETFs, Crypto
  • Regulator: SEC, FINRA
  • Platforms: eToro Trading Platform & CopyTrader
  • Minimum Deposit: $10
  • Minimum Trade: $10

Pros

  • The online broker offers an intuitive social investment network with straightforward copy trading on cryptos
  • 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

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

#4 - OANDA US

Why We Chose 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.

"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."

- DayTrading Review Team
  • Instruments: Forex, Crypto
  • Regulator: NFA, CFTC
  • Platforms: OANDA Trade, MT4, TradingView, AutoChartist
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:50

Pros

  • There's a strong selection of 68 currency pairs for dedicated short-term forex traders
  • Seasoned day traders can access industry-leading tools, including an MT4 premium upgrade and advanced charting provided by MotiveWave
  • The broker offers a transparent pricing structure with no hidden charges

Cons

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

#5 - LQDFX

Why We Chose LQDFX

LQDFX is a straight-through processing (STP) broker based in the Marshall Islands. The offshore trading firm offers competitive spreads from 0.0 pips, free deposits, 24/5 support and access to the hugely popular MetaTrader 4 platform. LQDFX also runs a competitive bonus program for short-term traders.

"LQDFX is best for active day traders looking for ultra-tight spreads, low fees and high leverage up to 1:1000. Forex traders will particularly appreciate the strong range of 70+ currency pairs with minimum deposits starting from $20."

- DayTrading Review Team
  • Instruments: Forex, CFDs, Stocks, Indices, Commodities, Crypto
  • Platforms: MT4
  • Minimum Deposit: $20
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

Pros

  • Leverage is available up to 1:1000 for experienced day traders
  • There are multiple STP account types with fast execution speeds, plus an Islamic swap-free option and PAMM accounts
  • The broker offers the industry favorite MT4 platform and mobile app, with 30 technical indicators for chart analysis

Cons

  • It's a shame that there's no copy trading platform for beginners or experienced strategy providers
  • There are no additional charting platforms available, such as MT5 or a proprietary solution
  • The lack of regulatory oversight is a concern, although the broker does claim to use segregated accounts and balance protection

Minimum Deposits Explained

Online brokers typically require a deposit to set up an account and start trading. So whether you’re trading stocks, forex or binary options, 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 Of Brokers With Low Minimum Deposits

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

Cons Of Brokers With Low Minimum Deposits

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

Online brokers with no minimum deposit

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.

Who Are The Best Binary Options Brokers With Low Minimum Deposits?

Among the best binary options platforms accepting low deposits is IQ Option. A $10 payment is needed to get started and clients can trade cryptocurrencies, stocks and digital options. For more alternatives, see the list of low deposit binary options brokers.

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.