Forex Brokers with Micro Accounts
- Written By happinessengineer@getflywheel.com
- Updated:
Opening a micro account is one of the smartest ways to begin your forex trading journey with minimal capital. Struggling to find a trustworthy broker that offers micro accounts? We’ve done the hard work for you. Below is our unbiased ranking of the 10 best brokers that allow forex trades as small as a single micro lot. Our selections cater specifically to retail traders, beginners, and small-scale investors, featuring low minimum deposits and flexible trade sizes. Each broker on this list has been thoroughly tested by our expert research team, with a full review of their regulatory credentials to ensure only licensed, reputable brands made the cut.
74-89 % of retails CFD accounts lose money
73.85 % of retails CFD accounts lose money
59.57 % of retails CFD accounts lose money
Trading leveraged product is risky
74-89% of retails CFD accounts lose money
74 % of retails accounts lose money
75% of retails investor accounts lose money
Top 10 Forex Brokers Offering Micro Accounts
1. Fusion Markets
Fusion Markets started operations in June 2019 and quickly gained attention in the retail trading community for its ultra-low commissions, competitive spreads, and flexible account options. The broker is licensed by ASIC, VFSC, and SFSA, offering access to over 250 financial instruments, including more than 90 currency pairs. New retail clients can choose between two main account types — Classic and Zero — both supporting micro-lot trading. With no minimum trade size, budget-conscious traders can start with any amount they’re comfortable with. Funding options are diverse, ranging from bank cards and wire transfers to cryptocurrencies and digital wallets.
Gleneagle Asset Management Limited (ABN 29 103 162 278), trading as Fusion Markets, is the issuer of the products mentioned here. Trading these products carries both the potential for profit and the risk of loss — losses can be much greater than your initial deposit and may not be suitable for all investors. Before deciding to trade, read the Financial Product Service Terms, the Product Disclosure Statement (PDS), and the Financial Services Guide (available on our website). Carefully consider your financial situation, needs, and investment objectives, and seek independent financial advice if needed.
2. FP Markets
FP Markets is a multi-licensed brokerage with a global reach, serving traders in most countries worldwide. It stands out for its consistently tight bid-ask spreads, below-average commissions, and direct market access through ECN accounts.
Catering to traders of all experience levels, FP Markets offers an extensive selection of over 10,000 tradable products. These include 70 forex pairs, stocks, bonds, cryptocurrencies, and commodities — ensuring there’s something to suit every trading style and investment goal. The broker provides two main account types: Raw and Standard. Standard accounts allow commission-free trading with spreads from 1 pip, while Raw accounts offer ultra-low spreads from 0 pips with a $3 commission per side. Both account types support a minimum trade size of 0.01 lots.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.92% 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.
3. Eightcap
Eightcap has been serving clients for over 15 years, offering broad market coverage, competitive spreads, and exceptional order execution. The broker holds licenses from top-tier regulators, including CySEC and ASIC, cementing its reputation as a trustworthy provider.
Traders can choose from three account types — Raw, Standard, and TradingView — all supporting trade sizes from 0.01 to 100 lots with a $100 minimum deposit. The Raw account caters to those seeking ultra-low spreads and direct market access, while Standard and TradingView accounts offer commission-free trading with spreads starting from 1.0 pip.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% 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.
4. Global Prime
Global Prime is a popular choice among small-scale traders seeking favorable trading conditions, competitive commissions, and low spreads. Regulated in Australia and Vanuatu, this no-dealing-desk broker offers access to over 150 financial markets, with spreads starting from 0.0 pips on major currency pairs.
Both Standard and Raw accounts support minimum trades of 0.01 micro lots, with a maximum of 1,000 lots per transaction. Standard accounts carry no commissions but slightly higher spreads, while Raw accounts offer lower spreads with a $3.50 commission per side. Both account types permit scalping and hedging strategies. There are no minimum deposit requirements or extra fees, and funding options include bank cards, e-wallets such as PayPal and Skrill, and cryptocurrencies. Traders in Australia and Canada can also use local payment methods like POLi and Interac.
Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017.
5. BlackBull Markets
BlackBull Markets is a cutting-edge online broker regulated by New Zealand’s FMA and Seychelles’ FSA. Clients can access up to 26,000 tradable symbols, including thousands of stock CFDs, 70 currency pairs, 13 indices, 11 commodities, and more than 20 cryptocurrencies. While the broker does not offer dedicated micro accounts, it does allow trading in micro lots.
The minimum trade size generally starts from 0.01 lots (1,000 units), although some markets may have higher thresholds. For forex CFDs, the maximum trade size is 100 lots, while XAU/USD is capped at 50 lots. Deposit requirements vary by account type: ECN Prime accounts start at $2,000, ECN Standard accounts have no minimum deposit, and ECN Institutional accounts start from $20,000. Most payment methods require a minimum deposit of $50, though bank transfers have a much lower threshold of $1.
6. XTB
Established over two decades ago, XTB is a pioneer in low-cost online retail trading. This multi-regulated broker has earned widespread recognition for its transparent pricing and excellent trading conditions, including tight spreads and commission-free trading through Standard accounts. Clients can access over 5,600 financial instruments, with minimum orders starting from one micro lot.
XTB allows you to begin your forex trading journey with any amount, as there are no minimum deposit requirements. Deposits are free, and withdrawal requests over €100 incur no fees. The broker also provides negative balance protection and safeguards client funds in segregated accounts held at tier-one banks.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
7. XM Group
If you are looking for a well-rounded selection of financial instruments, XM is the right broker to join. Its portfolio encompasses north of 1,000 markets, including over 50 currency pairs and 600 stock CFDs. The broker does business with retail customers from more than 190 countries with the regulatory approval of ASIC, CySEC (license number 120/10), DFSA, and the Belizean FSC.
Fully committed to customer satisfaction, XM provides bargain prices and seamless execution to all clients regardless of account size. The broker offers an excellent choice of account types, including Ultra Low Micro accounts with minimum spreads of 0.8 pips on all forex majors.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.82% 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.
8. IC Markets
IC Markets is a suitable option for customers looking to engage in algorithmic trading through familiar platforms like cTrader and MetaTrader. Clients of this multi-award-winning brokerage will benefit from raw spreads starting from zero pips for 2,250+ tradable instruments. The broker provides round-the-clock customer support in multiple languages.
The company’s outstanding range of tradable products is accessible via Standard and Raw Spread accounts. All account types require minimum deposits of $200 and allow for micro-lot trading. The broker imposes no restrictions on trading styles, welcoming scalpers, algorithmic, discretionary, and day traders from all experience levels.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.64% 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.
9. Tickmill
Tickmill offers a bevy of financial instruments, allowing customers to explore over 600 markets. Clients looking to dip their toes in forex trading can choose from over 60 currency pairs. The broker’s spreads start from 1.6 pips on Classic accounts and zero pips on Raw accounts where a $6 round-trip commission applies. Starting deposits for both account types amount to $100.
The minimum tradable volume for Classic and Raw accounts is set at one micro lot. Unversed traders can advance their knowledge by participating in webinars and in-person seminars. Free ebooks, video tutorials, infographics, and market insights are also available to Tickmill customers seeking to sharpen their trading skills.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
10. ActivTrades
ActivTrades is a reliable broker with over 23 years of experience in the online trading industry. The broker operates with licenses from the regulatory authorities of Brazil, Portugal, Mauritius, the UK, and the Bahamas, catering to traders with narrow spreads for over 1,000 tradable markets, including 54 currency pairs. Trading is possible via the broker’s proprietary ActivTrades platform, with MT4 and MT5 also supported.
While dedicated micro accounts are currently unavailable, ActivTrades allows forex traders to open positions as small as 0.01 or one micro lot. Individual accounts facilitate commission-free trading across most available asset classes. Onboarding customers can choose from 11 base account currencies, including EUR, GBP, USD, CHF, and SEK. All traders, retail and professional, benefit from negative balance protection and are eligible for enhanced investor compensation of up to €1 million. There is no threshold for minimum deposits, so you can start with any amount you wish.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
Comprehensive Comparison of the Top 10 Forex Brokers with Micro Accounts
Forex Broker | Min Deposit | Supported Currencies | Spread | Commission | Max Contract Size | Swap-Free Trading | Order Execution | Platforms |
1. FP Markets | $50 (AU$100) | USD, GBP, EUR, SGD, CHF, CAD, AUD, NZD, PLN, JPY, HKD | 1.0 pips Standard; 0.0 pips Raw | $0 Standard Account; $6 round turn on Pro Account | 50 lots | Yes | NDD, ECN | MetaTrader4, MetaTrader5, WebTrader, IRESS, cTrader, TradingView |
2. IC Markets | $200 | USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD | 0.8 pips Standard, 0.0 pips Raw Accounts | $0 Standard MT; $6 round turn on Raw cTrader; $7 round turn on Raw MT | 1,000 lots | Yes | ECN/STP | MetaTrader4, MetaTrader5, cTrader, ZuluTrade |
3. AvaTrade | $100 | EUR, GBP, USD, CHF, AUD, ZAR, JPY | From 0.9 pips (retail), 0.6 pips (pro) | $0 | Varies based on leverage, margin, spread etc. | Yes | DD | MetaTrader4, MetaTrader5, WebTrader, AvaTade App, AvaSocial, AvaOptions, DupliTrade |
4. Fusion Markets | $0 | AUD, CAD, EUR, GBP, USD, THB, JPY, SGD | from 0.9 pips Classic; from 0.0 pips Zero | $0 Classic Account, $4.50 round turn on Zero Account | 100 lots | Yes | NDD | MetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade, TradingView |
5. Global Prime | $0 | USD, AUD, GBP, EUR, CAD, SGD, JPY | 0.9 pips Standard, 0.0 pips Raw | $0 Standard Accounts; $7 round turn on Raw Accounts | 1,000 lots | Yes | NDD | MT4, MT4 Webtrader, MT4 Android; for VFSC clients MT4, MT5, and GP Copy |
6. Eightcap | $100 | AUD, USD, GBP, EUR, NZD, CAD, SGD | 0.1 pips on Standard and TradingView Accounts; 0.0 pips Raw Accounts | $0 on Standard and TradingView Accounts; $7 round turn on Raw Accounts | 100 lots | No | Hybrid (ECN, DD) | MetaTrader4, MetaTrader5, WebTrader, TradingView, Capitalise.ai, FlashTrader |
7. Tickmill | $100 | USD, EUR, GBP, ZAR | From 0.0 pips (Raw Account), 1.6 pips (Classic Account) | $0 on Classic Account; $3 per side on Raw Account | 100 lots | Yes | Market Maker, STP, ECN/STP | MT4, MT5, WebTrader, ZuluTrade, TradingView |
8. XTB | $0 | EUR, USD, GBP, HUF, PLN | From 0.1 pips (Pro Account), 0.5 pips (Standard Account) | $0 for Standard accounts, $3.50 per side for Pro accounts | 50 lots | Yes | DD | xStation 5, xStation Mobile |
9. XM Group | $5 | EUR, USD, GBP, JPY (Zero Account Only) | From 0.0 pips (Zero Account), from 0.8 pips (Standard and Micro Accounts) | $0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero Account | 50 lots | Yes | Dealing Desk | MetaTrader4, MetaTrader5, MT4 WebTrader, MT5 WebTrader, MT4 Multiterminal, XM App |
10. Iron FX | $100 | USD, EUR, GBP, AUD, JPY, CHF, PLN, CZK | Between 0 and 1,6 pips depending on the account type | $0 Standard Account; $18 Live Zero Fixed Spread; $10 STP/ECN Zero Spread; $6 STP/ECN Zero Spread Professional | N/A | Yes | Hybrid (DD, STP/ECN ) | MetaTrader 4, WebTrader, VPS, PMAM, TradeCopier, Mobile App |
What Is a Micro Trading Account?
Micro accounts are ideal for customers looking to dip their toes into the forex market with limited capital. They allow you to trade in micro lots — smaller position sizes that reduce financial exposure while you learn the ropes.
In forex trading, a lot refers to a fixed number of currency units. A standard lot contains 100,000 units of the base currency in a pair, whereas a micro lot equals just 1,000 units — one-hundredth the size of a standard lot.
Take the EUR/USD pair as an example. This pair shows how many US dollars (the quote currency) are needed to buy one euro (the base currency). If the price is quoted at 1.4000, you need $1.40 to buy €1. One standard lot in this case would require purchasing €100,000, which equals $140,000 — a steep entry point for most retail traders. With a micro lot, however, you’d only be buying €1,000, costing just $1,400 at the same exchange rate. This makes micro accounts a far more accessible way to trade while managing risk.
Who Should Open a Micro Trading Account?
Micro accounts are well-suited to budget-conscious and beginner traders thanks to their smaller minimum trade sizes. They allow newcomers to participate in the forex market even with limited capital, offering valuable exposure without the need to risk substantial amounts of money. Many brokers set lower — or even zero — minimum deposit requirements for micro accounts, making them accessible to retail traders from all backgrounds.
Seasoned traders also find micro accounts useful when testing new strategies in live market conditions. By trading in micro lots, experienced market participants can diversify into new assets or markets while keeping risk levels low. This flexibility allows them to fine-tune strategies and make adjustments based on real-time performance without jeopardizing large portions of their trading capital.
Setting Up Your Micro Trading Account
Setting up a micro trading account is a quick and straightforward process—provided you have chosen a reliable forex broker that offers this option. Simply click the Sign Up button to begin registration, then fill in your personal details and residential address. Many brokers also allow you to register instantly using your existing Google or Facebook account for added convenience.
Financial Information
Fill in your financial details, including your employment status (employed, self-employed, or retired), professional occupation, annual income, and source of funds. Then, set up your account by choosing your preferred trading platform, account type, base currency, and default leverage.
Client Experience Evaluation
Choose a strong password to continue. Most brokers advise using a mix of uppercase and lowercase letters, numbers, and special symbols for maximum security. If you plan to trade leveraged products such as CFDs, you will be asked to complete a short questionnaire to assess your knowledge and experience in derivative trading.
Funding Process
Once your identity is verified, you can fund your new micro account through the dedicated client area. Most brokers offer instant, fee-free deposits using familiar payment methods such as credit/debit cards, bank or wire transfers, popular digital wallets like PayPal, Bitcoin, and online banking. Simply choose your preferred deposit method, enter the amount you wish to transfer, and follow the on-screen prompts to complete the transaction.
Funding Process
Once your identity is verified, you can fund your new micro account through the dedicated client area. Most brokers offer instant, fee-free deposits using familiar payment methods such as credit/debit cards, bank or wire transfers, popular digital wallets like PayPal, Bitcoin, and online banking. Simply choose your preferred deposit method, enter the amount you wish to transfer, and follow the on-screen prompts to complete the transaction.
Connecting Micro Account to Trading Platform
You will receive unique identifiers via email to link your new micro account to your preferred trading platform. These details typically include a trading account number and platform ID. To access your account and start exploring the forex markets, simply enter your email or platform ID along with the password you created during registration.
Other Common Lot Sizes Available to Forex Traders
Apart from standard and micro lots, many forex brokers also offer trading in mini and nano lots. A mini lot comprises 10,000 units of the base currency in a forex pair—one-tenth the size of a standard lot. Since a standard lot equals 100,000 base currency units, trading a mini lot requires far less capital. For example, using our earlier EUR/USD scenario at an exchange rate of 1.4000, a trader would need $14,000 to purchase €10,000 (one mini lot).
Cent or nano lots represent the smallest possible position size in forex trading. One nano lot equals 100 units of the base currency—1,000 times smaller than a standard lot. Here, a price change of one pip translates to just one cent in value. Continuing with the EUR/USD example, a trader would need only $140 to buy €100 (one nano lot) at a bid price of 1.4000.
Common Lot Sizes in Forex Trading Compared
Lot Type | Number of Base Currency Units | Volume | Pip Value |
Cent Lot | 100 | 0.001 | $0.01 |
Micro Lot | 1,000 | 0.01 | $0.10 |
Mini Lot | 10,000 | 0.10 | $1 |
Standard Lot | 100,000 | 1.00 | $10 |
Successful trades in micro and nano lots generate smaller profits compared to standard and mini lots, and the same principle applies to potential losses. Larger lot sizes require more capital or higher leverage, which increases risk. This is because single-pip price movements have a greater monetary value when trading standard and mini lots, as shown in the table above.
Advantages of Registering a Micro Trading Account
Micro accounts provide numerous advantages for retail traders looking to earn extra income from forex. They allow small-scale traders to access the markets without committing large amounts of capital. Since a single-pip movement in a micro lot equals just $0.10, price fluctuations have a much smaller effect on your account balance.
This reduced volatility lets beginners focus on building their skills instead of stressing over large losses. Trading with a live micro account offers hands-on experience in real market conditions while keeping financial exposure low. Many brokers offering micro accounts either set low deposit requirements or none at all, making them accessible to almost anyone.
Disadvantages of Using Micro Trading Accounts
Micro accounts, due to their smaller position sizes, are not ideal for large-scale traders who seek greater market exposure. Trading in micro lots naturally results in lower potential returns on winning trades, which can be unattractive to seasoned investors. Achieving significant portfolio growth will generally take longer with this approach.
Another drawback is the higher transaction costs that can accumulate over time. Because micro-lot traders often open and close positions more frequently than those dealing in mini or standard lots, the spreads and commissions—though small on each trade—can add up. This increased trading frequency may erode profits and make it harder to achieve long-term investment goals.
