Best leverage for $10

Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach.

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By choosing a reliable broker such as instaforex you get access to the international financial markets and open your way towards financial independence. You can sign up here. Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as instaforex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as instaforex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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What is the best leverage for deposit of $10?

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You are completely right on that matter, I could explain it a bit more.
But I find it a bit difficult to understand you, are you currently demo trading? If yes, do you make a stable profit or just some random wins and losses? Because if that is the case stick with demo trading for a while, build op your bonus so when you feel confident you can start trading with an even larger capital.

On the subject of leverage, the higher the leverage the higher the risk and I don't really believe there is an ideal leverage setting, start low or even on 1:1 and work you way up as your earnings, confidence and your stable income increases.

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How much leverage is right for you in forex trades

Understanding how to trade foreign currencies requires detailed knowledge about the economies and political situations of individual countries, global macroeconomics, and the impact of volatility on specific markets. But the truth is, it isn’t usually economics or global finance that trip up first-time forex traders. Instead, a basic lack of knowledge on how to use leverage is often at the root of trading losses.

Data disclosed by the largest foreign-exchange brokerages as part of the dodd-frank wall street reform and consumer protection act indicates that a majority of retail forex customers lose money. The misuse of leverage is often viewed as the reason for these losses. this article explains the risks of high leverage in the forex markets, outlines ways to offset risky leverage levels, and educates readers on ways to pick the right level of exposure for their comfort.

Key takeaways

Leverage is the use of borrowed funds to increase one's trading position beyond what would be available from their cash balance alone.

Forex traders often use leverage to profit from relatively small price changes in currency pairs.

Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Leverage in the forex markets can be 50:1 to 100:1 or more, which is significantly larger than the 2:1 leverage commonly provided on equities and the 15:1 leverage provided in the futures market.

The risks of high leverage

Leverage is a process in which an investor borrows money in order to invest in or purchase something. In forex trading, capital is typically acquired from a broker. While forex traders are able to borrow significant amounts of capital on initial margin requirements, they can gain even more from successful trades.

In the past, many brokers had the ability to offer significant leverage ratios as high as 400:1. This means, that with only a $250 deposit, a trader could control roughly $100,000 in currency on the global forex markets. However, financial regulations in 2010 limited the leverage ratio that brokers could offer to U.S.-based traders to 50:1 (still a rather large amount). this means that with the same $250 deposit, traders can control $12,500 in currency.

So, should a new currency trader select a low level of leverage such as 5:1 or roll the dice and ratchet the ratio up to 50:1? Before answering, it’s important to take a look at examples showing the amount of money that can be gained or lost with various levels of leverage.

Example using maximum leverage

Imagine trader A has an account with $10,000 cash. He decides to use the 50:1 leverage, which means that he can trade up to $500,000. In the world of forex, this represents five standard lots. There are three basic trade sizes in forex: a standard lot (100,000 units of quote currency), a mini lot (10,000 units of the base currency), and a micro lot (1,000 units of quote currency). Movements are measured in pips. Each one-pip movement in a standard lot is a 10 unit change.

Because the trader purchased five standard lots, each one-pip movement will cost $50 ($10 change / standard lot x 5 standard lots). If the trade goes against the investor by 50 pips, the investor would lose 50 pips x $50 = $2,500. This is 25% of the total $10,000 trading account.

Example using less leverage

Let’s move on to trader B. Instead of maxing out leverage at 50:1, she chooses a more conservative leverage of 5:1. If trader B has an account with $10,000 cash, she will be able to trade $50,000 of currency. Each mini-lot would cost $10,000. In a mini lot, each pip is a $1 change. Since trader B has 5 mini lots, each pip is a $5 change.

Should the investment fall that same amount, by 50 pips, then the trader would lose 50 pips x $5 = $250. This is just 2.5% of the total position.

How to pick the right leverage level

There are widely accepted rules that investors should review before selecting a leverage level. The easiest three rules of leverage are as follows:

Maintain low levels of leverage.

Use trailing stops to reduce downside and protect capital.

Limit capital to 1% to 2% of total trading capital on each position taken.

Forex traders should choose the level of leverage that makes them most comfortable. If you are conservative and don’t like taking many risks, or if you’re still learning how to trade currencies, a lower level of leverage like 5:1 or 10:1 might be more appropriate.

Trailing or limit stops provide investors with a reliable way to reduce their losses when a trade goes in the wrong direction. By using limit stops, investors can ensure that they can continue to learn how to trade currencies but limit potential losses if a trade fails. These stops are also important because they help reduce the emotion of trading and allow individuals to pull themselves away from their trading desks without emotion.

The bottom line

Selecting the right forex leverage level depends on a trader’s experience, risk tolerance, and comfort when operating in the global currency markets. New traders should familiarize themselves with the terminology and remain conservative as they learn how to trade and build experience. Using trailing stops, keeping positions small, and limiting the amount of capital for each position is a good start to learning the proper way to manage leverage.

Low leverage allows new forex traders to survive

As a trader, it is crucial that you understand both the benefits AND the pitfalls of trading with leverage.

Using a ratio of 100:1 as an example means that it is possible to enter into a trade for up to $100 for every $1 in your account.

This gives you the potential to earn profits on the equivalent of a $100,000 trade!

It’s like a super scrawny dude who has a super long forearm entering an arm-wrestling match.

If he knows what he’s doing, it doesn’t matter if his opponent is arnold schwarzenegger, due to the leverage that his forearm can generate, he’ll usually come out on top.

When leverage works, it magnifies your gains substantially. Your head gets BIG and you think you’re the greatest trader that has ever lived.

But leverage can also work against you.

You’ll be broke faster than mike tyson can chew your ear off.

Here’s a chart of how much your account balance changes if prices move depending on your leverage.

Leverage	% change in currency pair	% change in account
100:1	1%	100%
50:1	1%	50%
33:1	1%	33%
20:1	1%	20%
10:1	1%	10%
5:1	1%	5%
3:1	1%	3%
1:1	1%	1%

Let’s say you bought USD/JPY and it goes up by 1% from 120.00 to 121.20.

If you trade one standard 100k lot, here is how leverage would affect your return:

Leverage	margin required	% change in account
100:1	$1,000	+100%
50:1	$2,000	+50%
33:1	$3,000	+33%
20:1	$5,000	+20%
10:1	$10,000	+10%
5:1	$20,000	+5%
3:1	$33,000	+3%
1:1	$100,000	+1%

Let’s say you bought USD/JPY and it goes down by 1% from 120.00 to 118.80.

If you trade one standard 100k lot, here is how leverage would affect your return (or loss):

Leverage	margin required	% change in account
100:1	$1,000	-100%
50:1	$2,000	-50%
33:1	$3,000	-33%
20:1	$5,000	-20%
10:1	$10,000	-10%
5:1	$20,000	-5%
3:1	$33,000	-3%
1:1	$100,000	-1%

The more leverage you use, the less “breathing room” you have for the market to move before a margin call.

You’re probably thinking, “I’m a day trader, I don’t need no stinkin’ breathing room. I only use 20-30 pip stop losses.”

Example #1

You open a mini account with $500 which trades 10k mini lots and only requires .5% margin.

You buy 2 mini lots of EUR/USD.

Your true leverage is 40:1 ($20,000 / $500).

You place a 30-pip stop loss and it gets triggered. Your loss is $60 ($1/pip x 2 lots).

You’ve just lost 12% of your account ($60 loss / $500 account).

Your account balance is now $440.

You believe you just had a bad day. The next day, you’re feeling good and want to recoup yesterday losses, so you decide to double up and you buy 4 mini lots of EUR/USD.

Your true leverage is about 90:1 ($40,000 / $440).

You set your usual 30-pip stop loss and your trade losses.

Your loss is $120 ($1/pip x 4 lots).

You’ve just lost 27% of your account ($120 loss/ $440 account).

Your account balance is now $320.

You believe the tide will turn so you trade again.

You buy 2 mini lots of EUR/USD. Your true leverage is about 63:1.

You’ve just lost almost 19% of your account ($60 loss / $320 account). Your account balance is now $260.

You’re getting frustrated. You try to think about what you’re doing wrong. You think you’re setting your stops too tight.

The next day you buy 3 mini lots of EUR/USD.

Your true leverage is 115:1 ($30,000 / $260).

You loosen your stop loss to 50 pips. The trade starts going against you and it looks like you’re about to get stopped out yet again!

But what happens next is even worse!

You get a margin call!

Since you opened 3 lots with a $260 account, your used margin was $150 so your usable margin was a measly $110.

The trade went against you 37 pips and because you had 3 lots opened, you get a margin call. Your position has been liquidated at market price.

The only money you have left in your account is $150, the used margin that was returned to you after the margin call.

After four total trades, your trading account has gone from $500 to $150.

Congratulations, it won’t be very long until you lose the rest.

Trade #	starting account balance	# lots of used	stop loss (pips)	trade result	ending account balance
1	$500	2	30	-$60	$440
2	$440	4	30	-$120	$320
3	$320	2	30	-$60	$260
4	$260	3	50	margin call	$150

A four-trade losing streak is not uncommon. Experienced traders have similar or even longer streaks.

The reason they’re successful is that they use low leverage.

Most cap their leverage at 5:1 but rarely go that high and stay around 3:1.

The other reason experienced traders succeed is that their accounts are properly capitalized!

While learning technical analysis, fundamental analysis, sentiment analysis, building a system, trading psychology are important, we believe the biggest factor on whether you succeed as a forex trader is making sure you capitalize your account sufficiently and trade that capital with smart leverage.

Your chances of becoming successful are greatly reduced below a minimum starting capital. It becomes impossible to mitigate the effects of leverage on too small an account.

Low leverage with proper capitalization allows you to realize losses that are very small which not only lets you sleep at night, but allows you to trade another day.

Example #2

Bill opens a $5,000 account trading 100k lots. He is trading with 20:1 leverage.

The currency pairs that he normally trades move anywhere from 70 to 200 pips on a daily basis. In order to protect himself, he uses tight 30 pip stops.

If prices go 30 pips against him, he will be stopped out for a loss of $300.00. Bill feels that 30 pips are reasonable but he underestimates how volatile the market is and finds himself being stopped out frequently.

After being stopped out four times, bill has had enough. He decides to give himself a little more room, handle the swings, and increases his stop to 100 pips.

Bill’s leverage is no longer 20:1. His account is down to $3,800 (because of his four losses at $300 each) and he’s still trading one 100k lot.

He decides to tighten his stops to 50 pips. He opens another trade using two lots and two hours later his 50 pip stop loss is hit and he losses $1,000.

He now has $2,800 in his account. His leverage is over 35:1.

He tries again with two lots. This time the market goes up 10 pips. He cashes out with a $200 profit. His account grows slightly to $3,000.

He opens another position with two lots. The market drops 50 points and he gets out. Now he has $2,000 left.

He thinks “what the hell?!” and opens another position!

The market proceeds to drop another 100 pips.

Because he has $1,000 locked up as margin deposit, he only has $1,000 margin available, so he receives a margin call and his position is instantly liquidated!

He now has $1,000 left which is not even enough to open a new position.

He lost $4,000 or 80% of his account with a total of 8 trades and the market has only moved 280 pips. 280 pips! The market moves 280 pips pretty darn easy.

Are you starting to see why leverage is the top killer of forex traders?

As a new trader, you should consider limiting your leverage to a maximum of 10:1. Or to be really safe, 1:1. Trading with too high a leverage ratio is one of the most common errors made by new forex traders. Until you become more experienced, we strongly recommend that you trade with a lower ratio.

$10 min deposit forex brokers | cheapest forex brokers 2021

Forex brokers with minimum deposit until $10

Are you looking for forex broker that allows you to trade with $10 or less? Here is the list of forex brokers that allow you to deposit between $1 - $10 and trade!

Broker	rating	demo	leverage	bonus	platforms	min deposit $	payments
XM	8	yes	1:888	$30 no deposit	metatrader 4, metatrader 5, XM webtrader	5	credit/debit card, neteller, skrill, webmoney, bank wire transfer
liteforex	7	yes	1:500	30% + 15%	metatrader 4, metatrader 5, webterminal	10	credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one
instaforex	7	yes	1:1,000	$100 no deposit bonus	metatrader 4, metatrader 5, webtrader	1	bitcoin, cashu, credit cards, egopay, neteller, skrill, ukash, unionpay, webmoney, wire transfer
primexbt	7	yes	1:1000	primexbt, turbo	1	credit cards
oanda	3	yes	1:50	metatrader 4, fxtrade	1	check, credit cards, paypal, wire transfer
tenkofx	3	yes	1:500	metatrader 4, webtrader	10	skrill, neteller, fasapay, webmoney, yandex money, qiwi
Z.Com trade	3	yes	1:200	Z.Com trader web, Z.Com trader pro (demo account only)	1	credit cards, wire transfer, china unionpay, skrill
tradefw	3	yes	1:30	https://www.Forexexplore.Com/forex-brokers/tradefw-review	0	bank wire, credit/debit card.
AGEA	2	yes	1:500	-	streamster, metatrader 4	1	credit cards, wire, skrill, webmoney, e-dinar, neteller, fasapay, perfect money
cmcmarkets	2	yes	500:1	-	next generation web-based	1	credit cards, wire transfer
hotforex	2	yes	1:1,000	100% bonus	metatrader 4, mobile platform, rapid trader fix/api	5	credit cards, skrill, unionpay, neteller, wire transfer, webmoney, fasapay
alpari	2	yes	1:500	50% welcome	metatrader 4	1	debit or credit card, wire transfer
finpro trading	2	yes	1:200	100%	metatrader 4, zulutrade, finopro station	5	credit cards, paypal, skrill, wire transfer
tifia	1	yes	1:1,000	metatrader 4, webtrader	10	wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay
fxopen	1	yes	1:500	$100	metatrader 4	1	wire, webmoney, alertpay, cashu, c-gold, perfectmoney
igofx	1	yes	1:1,000	metatrader 4	1	wire transfer, credit cards, perfect money
admiralmarkets	1	yes	1:200	n/a	metatrader 4	10	wire
fort financial services	1	yes	1:1,000	metatrader 4, CQG, ninja trader, binary options	5	credit cards, webmoney, skrill, neteller, perfect money, fasapay, wire transfer
FBS	1	yes	up to 1:3,000	$123 welcome bonus	metatrader 4, metatrader 5, webtrading	1	credit cards, fasapay, indonesia local banks, neteller, okpay, perfectmoney, skrill, webmoney, wire transfer, thai local banks, exchangers, malaysian banks and bitcoin by skrill
simplefx	1	yes	1:100	metatrader 4 and in-house web-based platform	1	wire transfer, credit/debit cards, skrill, neteller, astropay, webmoney, fasapay, qiwi, moneta, ru, yandex, china unionpay, bitcoin and litecoin
JCMFX	1	yes	1:1,000	metatrader 4	10	credit cards, fasapay, wire transfer, neteller, skrill
LCG	1	yes	1:500	metatrader 4, LCG trader (web-based, ECN accounts only)	1	wire transfer, debit/credit cards, skrill
mahi FX	1	yes	1:100	metatrader 4, mahifx	1	wire transfer, credit cards
paxforex	1	yes	1:500	no deposit $7 bonus – cannot withdraw	metatrader 4	10	credit cards, fasapay, neteller, OKPAY, perfect money, QIWI, skrill, unionpay, webmoney, wire transfer
rekuten securities	1	yes	1:50	marketspeed FX, trading station (inherited from FXCM)	1	wire transfer, checks, ATM (only for local residents)
roboforex	1	yes	1:500	metatrader 4, ctrader	1	credit cards, QIWI wallet, webmoney, yandex.Money, RBK money, skrill, fasapay, cashu, payoneer, china unionpay, neteller, perfect money
tradersway	1	yes	1:1,000	metatrader 4, ctrader	0	skrill, neteller, perfect money, webmoney, QIWI, monetaru, easypay, boletto, cashu
turnkeyforex	1	yes	1:200	00% deposit bonus; 30 days of commission-free trading; 30% rescue bonus	metatrader 4, trade station	5	credit cards, wire transfer, neteller
whaleclub	1	yes	1:100	in-house whaleclub web platform	1	bitcoin
freshforex	1	yes	1:1000	SIGN-UP BONUS ¢100!	Metatrader 4	1	debit/credit cards, neteller, OKPAY, W1, QIWI, webmoney, skrill, fasapay, contact, wire transfer
fxglory	0	yes	1:3,000	50% up to $1,000	metatrader4, mobile	1	credit/debit cards, paypal
accentforex	0	yes	1:500	50%	metatrader 4	10	webmoney, okpay, skrill, wire transfer, credit cards
grandcapital	0	yes	500:1	$500 no deposit	metatrader 4, webtrader	10	credit card, neteller, webmoney, cashu, fasapay, scrill, webmoney
adamant finance	0	yes	1:500	metatrader 4	1	bitcoin, cashu, credit cards, fasapay, megatransfer, neteller, OKPAY, QIWI, webmoney, yandex.Money
blitzbrokers (IB for axitrader)	0	yes	1:500	metatrader 4	1	credit cards, neteller, skrill
forexmart	0	yes	1:1,000	$150 no deposit needed	metatrader 4	1	credit cards, neteller, skrill, paypal, paxum
LH-crypto	0	yes	1:500	metatrader 4, metatrader 5	10	bitcoin, bitcoin cash, ethereum, litecoin, monero, DASH, ripple, NEO, visa, mastercard, web money, QIWI, wire transfer

In order to find the best cheapest FX broker, you have to not only look at the minimum deposit requirements but the overall commissions, spreads and extra fees structure. Trading costs can be spotted in the following ways while reviewing a broker:

Fixed costs: these include the spread or the commission.

Running costs: the so-called swap fees are recalculated every day and add or subtract credit to the trading account.R

Spread is the difference between buy and sell price and in simple words is the payment the brokerage get for each trade. The tighter the spreads, the better trading conditions your selected broker has.

Commission can be seen with DMA/STP model brokers. With these brokers you get the best spreads possible, but you pay commissions for each trade made. You are looking for a broker with interbank market prices for the best outcome.

The best leverage to use when trading with a $500 forex account

What the best leverage to use when trading with a $500 forex account?… the usual leverage used by professional forex traders is 100:1. What this means is that with $500 in your account you can control $50K. 100:1 is the best leverage that you should use .

The most important thing is how much of your account equity you are willing to lose on a trade. If you are willing to lose 2% of your account equity on a trade this translates into a $10 for a $500 account, $20 for a $1000 account and $200 for a $10K account. This is known as the percentage risk that you are willing to take.

RISK and LEVERAGE

RISK and LEVERAGE are different things . Most people confuse leverage with risk. In the answers below someone said leverage is not important it is the lot size that is important. This is partly true. Actually what is important is the risk percentage that you choose for your account. Then you translate that risk percentage into lot size using the leverage that you had chosen for your account plus what is your account equity. Let me explain how.

When we open a trade we decide how much risk we are willing to take. Lot size is determined by the stop loss size. Suppose you have a trade setup. The stop loss is 30 pips. We need to translate this 30 pips into the lot size.

This depends on how much risk you are willing to take. Suppose you are ready to lose 2% of your account equity on this trade. This means if you lose 2% of $500 you will lose $10, so you will end up with $490 in your account in case of a loss.

If you are willing to lose $10 on this trade you choose 2% risk level. So you will trade with a lot size of 0.03. With this lot size if you lose 30 pips, you will lose $9. And if you trade with a lot size of 0.04, losing 30 pips means you are going to lose $12. So the lot size should be somewhere between 0.03 and 0.04. Metatrader 4 does not allow 0.035 lot size. So either choose 0.03 or choose 0.04.

How you are going to calculate the lot size:

$risk= %risk*account equity/100

Lot size= $risk/(pipvalue*SL)

In this formula, %risk is the risk percentage that you chose which was 2%. $risk is this risk translated into dollar terms. So with the first formula you calculate $risk. We have %risk as 2% and account equity as $500. So:

$risk=2*500/100=$10

Our stop loss is 30 pips. Pipvalue for a 100:1 leverage account is 1 pips is equal to $10. So pipvalue is 10. Now we use the second formula and calculate the lot size:

Lot size= 10/10*30=0.033

As said above metatrader allows either 0.03 or 0.04. So choose either 0.03 in which your $risk will be $9 or choose 0.04 in which case your $risk will be $12.

Now suppose your leverage is 50. In this case $risk will be:

$risk=2*500/50=$10

This is same as before. %risk and $risk does not depend on leverage at all. It only depends on your account equity. You must have understood it by now. Pipvalue will be $5 as 1 pip will be equal to $5 now. So pip value is what depends on the leverage that you choose. Now lot size will be:

Lot size=10/(5*30)=10/150=0.0 666

So we can choose either 0.06 lot or 0.07 lot now. You must have observed now that by reducing the leverage you have doubled the lot size. But the net effect is the same. Whether you choose 100:1 leverage or 50:1 leverage, you are going to lose $10. So it doesn’t matter what leverage you choose . It all depends on the risk percentage that you are willing to lose. From that risk percentage you calculate the lot size which depends on the leverage that you chose for your account.

Now this pip value thing depends on the currency pair you choose to trade.

For pairs with USD as the base currency like GBPUSD, EURUSD, NZDUSD, AUDUSD it is easy to calculate. It is $10 for 100:1 leverage. If you half the leverage pip value also gets halved like $5 for 50:1 leverage. If you double the leverage to 200:1, it will double to $20. But for cross pairs like GBPNZD, EURGBP, AUDJPY, NZDJPY it is different. You should use an online pip value calculator for these pairs.

The leverage itself is less important. It’s the lot size that matter.

With such a small account I would go for the maximum available leverage. And would be trading either nano or micro lots (0.001-0.05)

It is essential to always keep the possible margin call in mind. The smaller the leverage you will be using (let’s say – 1:10) the faster you will get the margin call. With such a leverage you would be able to open $5000 worth of position that is a maximum 0f 5 micro lots (0.05) but in such a case even only a couple of pips in the losing direction will get your positions closed as there will be no more available margin.

If you are using a leverage of at least 1:100 – you are will be able to control $50 000.

And this next sentence is very important.

With this kind of leverage, you still open a max of 0.05 lots, otherwise it’s going to be the same case as with the smaller leverage – you’ll simply get margin called really fast.

This way you can still open a lot of different trades/set-ups and you will still have enough margin left.

$10 min deposit forex brokers | cheapest forex brokers 2021

Forex brokers with minimum deposit until $10

Are you looking for forex broker that allows you to trade with $10 or less? Here is the list of forex brokers that allow you to deposit between $1 - $10 and trade!

Broker	rating	demo	leverage	bonus	platforms	min deposit $	payments
XM	8	yes	1:888	$30 no deposit	metatrader 4, metatrader 5, XM webtrader	5	credit/debit card, neteller, skrill, webmoney, bank wire transfer
liteforex	7	yes	1:500	30% + 15%	metatrader 4, metatrader 5, webterminal	10	credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one
instaforex	7	yes	1:1,000	$100 no deposit bonus	metatrader 4, metatrader 5, webtrader	1	bitcoin, cashu, credit cards, egopay, neteller, skrill, ukash, unionpay, webmoney, wire transfer
primexbt	7	yes	1:1000	primexbt, turbo	1	credit cards
oanda	3	yes	1:50	metatrader 4, fxtrade	1	check, credit cards, paypal, wire transfer
tenkofx	3	yes	1:500	metatrader 4, webtrader	10	skrill, neteller, fasapay, webmoney, yandex money, qiwi
Z.Com trade	3	yes	1:200	Z.Com trader web, Z.Com trader pro (demo account only)	1	credit cards, wire transfer, china unionpay, skrill
tradefw	3	yes	1:30	https://www.Forexexplore.Com/forex-brokers/tradefw-review	0	bank wire, credit/debit card.
AGEA	2	yes	1:500	-	streamster, metatrader 4	1	credit cards, wire, skrill, webmoney, e-dinar, neteller, fasapay, perfect money
cmcmarkets	2	yes	500:1	-	next generation web-based	1	credit cards, wire transfer
hotforex	2	yes	1:1,000	100% bonus	metatrader 4, mobile platform, rapid trader fix/api	5	credit cards, skrill, unionpay, neteller, wire transfer, webmoney, fasapay
alpari	2	yes	1:500	50% welcome	metatrader 4	1	debit or credit card, wire transfer
finpro trading	2	yes	1:200	100%	metatrader 4, zulutrade, finopro station	5	credit cards, paypal, skrill, wire transfer
tifia	1	yes	1:1,000	metatrader 4, webtrader	10	wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay
fxopen	1	yes	1:500	$100	metatrader 4	1	wire, webmoney, alertpay, cashu, c-gold, perfectmoney
igofx	1	yes	1:1,000	metatrader 4	1	wire transfer, credit cards, perfect money
admiralmarkets	1	yes	1:200	n/a	metatrader 4	10	wire
fort financial services	1	yes	1:1,000	metatrader 4, CQG, ninja trader, binary options	5	credit cards, webmoney, skrill, neteller, perfect money, fasapay, wire transfer
FBS	1	yes	up to 1:3,000	$123 welcome bonus	metatrader 4, metatrader 5, webtrading	1	credit cards, fasapay, indonesia local banks, neteller, okpay, perfectmoney, skrill, webmoney, wire transfer, thai local banks, exchangers, malaysian banks and bitcoin by skrill
simplefx	1	yes	1:100	metatrader 4 and in-house web-based platform	1	wire transfer, credit/debit cards, skrill, neteller, astropay, webmoney, fasapay, qiwi, moneta, ru, yandex, china unionpay, bitcoin and litecoin
JCMFX	1	yes	1:1,000	metatrader 4	10	credit cards, fasapay, wire transfer, neteller, skrill
LCG	1	yes	1:500	metatrader 4, LCG trader (web-based, ECN accounts only)	1	wire transfer, debit/credit cards, skrill
mahi FX	1	yes	1:100	metatrader 4, mahifx	1	wire transfer, credit cards
paxforex	1	yes	1:500	no deposit $7 bonus – cannot withdraw	metatrader 4	10	credit cards, fasapay, neteller, OKPAY, perfect money, QIWI, skrill, unionpay, webmoney, wire transfer
rekuten securities	1	yes	1:50	marketspeed FX, trading station (inherited from FXCM)	1	wire transfer, checks, ATM (only for local residents)
roboforex	1	yes	1:500	metatrader 4, ctrader	1	credit cards, QIWI wallet, webmoney, yandex.Money, RBK money, skrill, fasapay, cashu, payoneer, china unionpay, neteller, perfect money
tradersway	1	yes	1:1,000	metatrader 4, ctrader	0	skrill, neteller, perfect money, webmoney, QIWI, monetaru, easypay, boletto, cashu
turnkeyforex	1	yes	1:200	00% deposit bonus; 30 days of commission-free trading; 30% rescue bonus	metatrader 4, trade station	5	credit cards, wire transfer, neteller
whaleclub	1	yes	1:100	in-house whaleclub web platform	1	bitcoin
freshforex	1	yes	1:1000	SIGN-UP BONUS ¢100!	Metatrader 4	1	debit/credit cards, neteller, OKPAY, W1, QIWI, webmoney, skrill, fasapay, contact, wire transfer
fxglory	0	yes	1:3,000	50% up to $1,000	metatrader4, mobile	1	credit/debit cards, paypal
accentforex	0	yes	1:500	50%	metatrader 4	10	webmoney, okpay, skrill, wire transfer, credit cards
grandcapital	0	yes	500:1	$500 no deposit	metatrader 4, webtrader	10	credit card, neteller, webmoney, cashu, fasapay, scrill, webmoney
adamant finance	0	yes	1:500	metatrader 4	1	bitcoin, cashu, credit cards, fasapay, megatransfer, neteller, OKPAY, QIWI, webmoney, yandex.Money
blitzbrokers (IB for axitrader)	0	yes	1:500	metatrader 4	1	credit cards, neteller, skrill
forexmart	0	yes	1:1,000	$150 no deposit needed	metatrader 4	1	credit cards, neteller, skrill, paypal, paxum
LH-crypto	0	yes	1:500	metatrader 4, metatrader 5	10	bitcoin, bitcoin cash, ethereum, litecoin, monero, DASH, ripple, NEO, visa, mastercard, web money, QIWI, wire transfer

Fixed costs: these include the spread or the commission.

Running costs: the so-called swap fees are recalculated every day and add or subtract credit to the trading account.R

Best leverage for $10

Low minimum deposit forex brokers

After spending weeks of examining and reviewing many brokers, I found some of the best low minimum deposit forex brokers with micro accounts below $10.

Here’s a list of the best legit and regulated low minimum deposit forex brokers with small micro accounts:

You can find reviews and more brokers with micro accounts in the table at the bottom of this post.

You'll see in this article:

Why forex micro accounts?

There are a few reasons that people look for the forex brokers with low minimum deposit or forex micro accounts but I think the main reason is that you are a new trader and you want to get your feet wet before plunging into the ocean.

Well, that’s a wise thing to do and fortunately, there are several forex brokers offering low minimum deposit accounts so not only do you have a chance to begin with a few bucks but also you have a wide range of brokers that you can pick from.

There are some factors that you can pay heed to when choosing a low minimum deposit account. Some of them might not be as important while picking brokers for a larger size account, like educational material, and some should be treated differently such as leverage.

There might be other reasons for the traders to search for the forex brokers with low minimum deposits like having a strategy, especially a scalping one, with aggressive money management or dividing your capital into several small portions and keeping it out of your account for psychology issues or any other reasons.

Either way, you are probably interested in knowing some information about the brokers in this category so that you can make a more reliable decision.

What to search in low minimum deposit forex brokers?

There are several sections that I’ve designed for the table but some of them are more important especially if you are new to trading so I’ll explain them to some extent.

These are some of the factors that I think are important to consider when searching for low minimum deposit forex brokers.

I looked into these metrics precisely when I was searching for micro accounts brokers so that I can write a fair review and provide useful information for everyone that reads this post.

Ok, now let’s see what you should look at when seeking brokers with small accounts.

Regulation

Brokers’ regulation is always important however it’s crucial when you trade with large size accounts. With a low minimum deposit, you don’t need to scout out for a highly regulated broker with the authorization of several financial bodies in different parts of the world.

On the other hand, choosing a broker with no regulation is not a wise decision either because they have no obligatory conditions that watch their probable wrongdoings and make them accountable if they do something illegal.

Not regulated brokers have tempting conditions in some cases such as lower spreads but you can find those situations, and even better, in some regulated brokers as well — you just need to dig deeper.

Not all unregulated brokers are scam and you may find a good one every now and then but I prefer to look for the best ones among regulated brokers.

I think having one regulation in this case suffices. That’s why I’ve chosen the brokers in this list from the ones that are authorized by one regulatory body at the least.

If you want to know more about the method that I used for scoring them, you can see this post that I explain about that.

Spread

With low minimum deposit accounts, you get the worst spreads of brokers most of the time. This is definitely not the strong suit of micro or mini accounts but if this is your priority, for example if you are a scalper, there are still some brokers in the list that have lower spreads.

You will defiantly have problems if you’re a scalper with a 3 to 4 pip tp/sl unless you have an impressive win rate.

On the other hand, there are plenty of options to pick from if you have something like a 10-pip target or stop loss.

If you are a longer-term trader like a day trader, the condition is better and you can pay attention to the other aspect of the brokers as well.

The spread section of the list is based on the lowest spread (from) you get for EUR/USD, which normally has the lowest spread among all the available currency pairs.

If you trade a specific pair or pairs or even other trading instruments like metals, cfds, cryptocurrencies, and etc; you can find the typical or minimum spreads for them on the website of the brokers.

Another good side of regulated brokers is that they publish some information like their spreads on their websites, however, according to my experience, the information released by high regulated brokers are more reliable.

Leverage

This is probably the most important factor for micro accounts. It makes it possible to trade with a low budget in general. Without that there’s no such a thing as a low minimum deposit account.

As a general rule, the higher leverage in small size accounts the better and the lower in large-size accounts the safer, so it’s kind of a double-edged sword.

It’s very hard to trade with as low as 5 or 10 dollars normally even with high leverage like 1.2000, now imagine you have to trade when you have 1:300 with min lot size of 0.01 — it’s kind of impossible to open more than one trade at a time.

In a nutshell, with a 1:300 leverage and 0.01 lot size and a $10 account, we can have roughly 2 trades at a time so if you have a strategy that generates lots of signals, you should pick the highest leverage or larger lot size or even both.

For example, with a lot size of 0.001, you can have 20 trades with the same leverage (1:300) and even larger tp/sl.

If you just open one trade at a time even 1:200 will be enough. In this case, you can put stress on other aspects of the broker you want to pick.

Min lot size

Minimum lot size is the next crucial factor for minimum deposit accounts. The combination of this and the leverage determines your freedom in trading with micro accounts.

As we saw, the larger leverage the better for micro accounts. It’s the opposite for min lot size, the smaller the better.

One standard size for example for EUR/USD is worth $10. 0.1 lots are worth $1 and 0.01 lots are worth 10 cents.

With a $10 account, considering you use a large leverage like 1:1000, you almost have 100 pips which makes it possible to have lots of small trades with a for example 5-pip tp/sl.

Imagine how many trades you can have with 0.001 or even 0.00001 lot size. It’s very helpful for scalpers with a lot of simultaneous trades.

There are some brokers in the list that provides such lot sizes, so if opening lots of positions at the same time is in your trading style, they would be a great fit for you.

Education

This section is not necessarily important if you are not new to trading but it’s a helpful element to consider if you are a newbie.

You have to be well-equipped before even think of trading a small account, but since micro accounts can be an alternative to the demo accounts, you can start with a few dollars right away instead of fake money.

There are some advantages to that. First of all, there are some differences between demo and live accounts.

For example, you may not see problems like slippage (getting a worse price than the one you order), or at least not as frequent, in demo accounts.

So when you trade with a live account especially if you rip a few number of pips like scalpers, you might get into trouble and stumble upon situations you’ve never seen before.

Another issue that you might come across when trading with live accounts is psychology. You can trade with fake money and win or lose big amounts but nothing changes inside you.

You trade fearlessly and don’t care about your trades so you wouldn’t get back and analyze them to find the flaws. It’s different in real money even if it’s not much.

Anyway, if you’re a complete beginner, choosing a broker with educational material can serve you well in the early stage of your trading career.

You’ll probably need more, especially in terms of experience, but even basics can prevent you from jumping into many unreasonable trades or losing your money soon.

I went through all the educational materials of the brokers listed here so that I can be a better reviewer. I didn’t want to just see the headlines of education sections on the brokers’ websites to figure out if they have any material but I examined each of them thoroughly so that I can give meaningful scores.

The scores are from A+ which includes the educations that have useful articles, videos webinars, seminars with high-standard quality, to B which means the broker only provides some basics.

If you are a rather experienced trader, you can skip this section and pay attention to other parts but if you are a beginner, consider this factor as one of your choosing criteria.

Bonus

I chose this factor for the brokers with low minimum deposit because it can increase your initial money so that you can trade with a chubbier account, however, it might not be beneficial to you if you don’t know these kinds of bonuses well.

First of all, you should know that there’s nothing like free money in this case. It means no broker gives you a bonus with no string attached. You need to trade and redeem the bonus.

In other words, the brokers take back their money when you trade and give them spreads or commission which are the revenue stream of the legit brokers.

For example, for withdrawing a bonus, you need to trade a rather high number of lots compare to the size of your account. It’s even worse when they give you no deposit bonus.

For example, if you get a $50 bonus, you need to trade 50 standard lots so that you can withdraw that $50. In other words, you have to be a hell of a trader with lots of trades in a day because in most cases you have a limited time for redeeming the money too.

It can lead to overtrading and growing other bad trading habits which are fatal to the future of your trading especially if you are a newbie.

If you decide to use these types of bonuses, you can find them on the table or on this post that I wrote about them here.

Just make sure to read the terms and conditions of the bonus so you don’t break the bonus’ rules and waste your time.

There are reviews both on the above link and on the links inside the table that explain the conditions thoroughly.

Support

Since online trading creates an opportunity for people from all over the world, brokers try to provide service in different languages.

It comes in handy for the traders who don’t speak english or english is not their native language because there might be some terms and conditions that people ignore because they don’t understand them correctly.

Brokers’ website is the primary source of the clients to find everything they need to know about their brokers and become more familiar with different parts of them.

Moreover, it’s very helpful for those who want to take advantage of educational materials. If the broker’s website offers their languages, the learning process becomes more productive.

Supporting different languages on a website doesn’t necessarily mean that they have customer service or support in those languages.

Some websites support lots of languages but they only have english customer service agents. On the other hand, there are some brokers in the list that have agents for most of the languages that their site supports.

Hotforex, FXTM, FBS, robo forex are some of them.

You can find whether they speak in your language or not by either having a look at their contact page or asking them via online chat.