9 Best Low/No Minimum Deposit Forex Brokers

Discover top Forex brokers with low or no minimum deposits, offering flexible account options, competitive spreads, and advanced platforms for all trading needs.

The 9 Best Low/No Minimum Deposit Forex Brokers in this guide make it easier for beginners to start with small money. The minimum deposit range is $1 to $20. 

Every broker in this list supports a minimum lot size of 0.01, which helps beginners control position size. Some brokers also offer swap-free (Islamic) accounts, which are designed to avoid overnight swap/interest charges. It is useful if you plan to hold trades for more than a day and don’t want swaps reducing your returns.

If you want to trade options alongside forex, you can compare brokers that offer options trading and see which platforms, products, and fees fit your strategy.

Before you can make a deposit, you typically need to complete a straightforward verification process. The most common requirements are Proof of Identity and Proof of Address, and your payment method must be registered in the same name as the account holder. With Exness, verification generally involves confirming your email and phone number, providing personal details, completing an economic profile, and uploading documents for Proof of Identity and Proof of Address. Document checks may take up to 24 hours, and once verification is approved, deposit limits are lifted.

Top Picks (Quick Summary)

• FXGlory: minimum deposit $1, card deposits from $50, crypto deposits from $1, fixed spreads, leverage up to 1:3000, and a 50% deposit bonus.
   
• CapitalCore: minimum deposit $5, card deposits from $10, crypto deposits from $5, PayPal deposits from $50, fixed spreads, leverage up to 1:2000, options trading, and a 40% deposit bonus.
   
• UnitedPips: minimum deposit $10, card deposits from $50, crypto deposits from $10, PayPal deposits from $50, fixed spreads, leverage up to 1:1000, and a 40% deposit bonus.
   
• Exness: Standard account minimum deposit $10, spreads from 0.2 pips, no commission on Standard, leverage up to 1:2000 on Standard, and professional accounts (Pro/Raw Spread/Zero) with higher first-time deposit requirements (from $200).
   
• XM Group: minimum deposit $5, floating spreads, MT4 and MT5, and an inactivity fee of $10 after 3 months.
   
• eToro: minimum deposit $10, floating spreads, leverage up to 1:400, TradingView access, and an inactivity fee of $10 per month after 12 months (card deposit minimum is $500).
   
• FXOpen: minimum deposit $1, floating spreads, leverage up to 1:500, platforms include MT4, MT5, NinjaTrader, and TradingView, and an inactivity fee of $10 per month after 90 days (then $100 per month after 365 days plus a $50 reactivation fee).
   
• HYCM: minimum deposit $20, spreads include floating and a Raw option, leverage up to 1:500, and a 25% deposit bonus up to $5,000 (verification required within 7 days).
   
• Libertex: minimum deposit $10, floating spreads, leverage up to 1:1000, platforms include proprietary plus MT4 and MT5, and an inactivity fee of $10 per month after 180 days of dormancy.

Comparison Table of Top Low/No Minimum Deposit Forex Brokers

* Max Deposit: For most brokers, "Unlimited" refers to the broker's policy, though individual payment methods (like Credit Cards) may have per-transaction limits (often $5,000 – $40,000). Bank wires are typically the only way to move truly unlimited sums. The term "Varies” reflects differences based on payment method, location, and account status, but generally ranges from $10,000 (PayPal) to $40,000 (Debit Cards) per transaction.

* Deposit Fees: While most brokers listed are "Commission Free" for deposits, FXOpen charges a small percentage for certain e-wallet or credit card deposits depending on your region (e.g., 1% on some gateways).   

Key Costs and Pricing Snapshot

Deposit bonus percentage

• FXGlory: 50% bonus
• CapitalCore: 40% bonus
• UnitedPips: 40% bonus
• XM Group: 20% bonus
• HYCM: 25% bonus
• eToro: not offered
• FXOpen: not offered
• Libertex: not offered
• Exness: not offered

Trading costs with exact spread and commission numbers

• Fixed spread brokers: FXGlory, CapitalCore, UnitedPips
• Floating spread brokers: eToro, XM Group, FXOpen, Libertex, Exness 
• Floating plus Raw option: HYCM

Inactivity fees

• FXGlory: none
• Exness: none
• UnitedPips: none
• Capitalcore: none
• HYCM: $10 per month after 90 consecutive days
• Libertex: $10 per month after 180 days of dormancy
• XM: $10 after 3 months
• eToro: $10 per month after 12 months
• FXOpen: $10 per month after 90 days, $100 per month after 365 days, and a $50 reactivation fee

Deposit and withdrawal minimums that matter for small accounts

• Lowest card deposit minimum: $5 on XM funding methods
• Highest card deposit minimum: $500 on eToro
• Lowest crypto deposit minimum: $1 on FXGlory
• Lowest PayPal deposit minimum: $50 on CapitalCore and UnitedPips
• Lowest PayPal withdrawal minimum: $1 on CapitalCore
• Lowest crypto withdrawal minimum: $5 on FXGlory, CapitalCore, and UnitedPips

Why These Brokers Made the List

This list focuses on low entry deposits with beginner-friendly trade sizing. The minimum lot size is 0.01 and swap free accounts also appear across all 9 brokers. 

Instant deposit time is a practical advantage for beginners. Card deposits, crypto deposits, and major e-wallet deposits credit fast after payment confirmation. This helps traders avoid waiting days for funding.

Best Low/No Minimum Deposit Forex Brokers: Detailed Reviews

FXGlory: Best for beginners starting with $1 and fixed spreads

Overview
FXGlory fits beginners who want the smallest deposit and a simple pricing style. Fixed spreads make cost tracking easier for a new trader.

Key facts

• Minimum deposit: $1
• Deposit minimums: card $50, crypto $1, e-wallets $1
• Spread: fixed
• Minimum lot: 0.01
• Max leverage: 1:3000
• Deposit bonus: 50% up to $2,000
• Withdrawal minimums: crypto $5, card $10, PayPal $100, major e-wallets $5
• Card withdrawal time: 15 days
• Crypto deposit discount: 5% on crypto deposits over $2,000
• Platforms: proprietary, MT4, MT5, demo (web & mobile)
• Support: 24/7 human support
• Account types: swap free accounts
• US clients: not accepted

Pros

• $1 minimum deposit and $1 crypto deposits
• Fixed spreads
• MT4 and MT5 for popular beginner tutorials
• 50% deposit bonus
• No inactivity fee

Cons

• Card deposits start at $50

Best for: beginners who want the lowest deposit and fixed spreads.

Verification needed for deposits and withdrawals: withdrawals require photo ID and proof of address.

Capitalcore: Best for low deposit traders who also want options

Overview
Capitalcore focuses on a small entry deposit, and a feature that stands out among these 9 brokers is its options trading. Fixed spreads keep trading costs easier to follow for beginners.

Key facts

• Minimum deposit: $5
• Deposit minimums: card $10, crypto $5, PayPal $50
• Spread: fixed
• Minimum lot: 0.01
• Max leverage: 1:2000
• Deposit bonus: 40% up to $2,500
• Withdrawal minimums: PayPal $1, crypto $5, card $25
• Crypto deposit discount: 5% on crypto deposits over $1,000
• Binary Options: yes
• Platforms: proprietary, demo, (web & mobile)
• Support: 24/7 
• Account types: swap free accounts
• US clients: accepted

Pros

• $5 minimum deposit
• Options trading in the same broker
• PayPal withdrawal minimum is $1
• 40% bonus 
• 24/7 human support
• Accepting US clients
• No inactivity fee

Cons

• PayPal deposits start at $50

Best for: beginners who want options access with a small deposit.

Verification needed for deposits and withdrawals: withdrawals require photo ID and proof of address.

UnitedPips: Best for fixed spreads with a simple $10 entry

Overview
UnitedPips fits beginners who want a clean minimum deposit, fixed spreads, and simple deposit and withdrawal rules.

Key facts

• Minimum deposit: $10
• Deposit minimums: card $50, crypto $10, PayPal $50
• Spread: fixed
• Minimum lot: 0.01
• Max leverage: 1:1000
• Deposit bonus: 40% up to $2,000
• Withdrawal minimums: crypto $5, card $50, PayPal $50
• Platforms: proprietary, demo (web & mobile)
• Support: 24/7
• Account types: swap free accounts
• US clients: accepted

Pros

• Fixed spreads
• $10 minimum deposit with $10 crypto deposits
• Bonus reaches $2,000 at the cap
• Accepting US clients
• Human support
• No inactivity fee

Cons

• PayPal deposits start at $50

Best for: beginners who want fixed spreads and a clear $10 starting point.

Verification needed for deposits and withdrawals: withdrawals require photo ID and proof of address.

eToro: Best for TradingView access 

Overview
eToro focuses on a proprietary platform with TradingView access. 

Key facts

• Minimum deposit: $10
• Card deposit minimum: $500
• Card withdrawal minimum: $30
• Inactivity fee: $10 per month after 12 months
• Spread: floating
• Minimum lot: 0.01
• Max leverage: 1:400
• Platforms: proprietary desktop and web, demo, TradingView
• Support: AI chatbot support
• Account types: swap free accounts
• Note: stocks and crypto only, no FX and CFDs in some regions

Pros

• TradingView access
• Clear inactivity fee number

Cons

• $500 card deposit minimum is high for a small budget
• Forex and CFDs not available in some regions (EU / UK / EEA / UAE)

Best for: beginners who want TradingView access and accept a higher deposit minimum.

Verification needed for deposits and withdrawals: verification is required. (Proof of Identity and Proof of Address)

XM Group: Best for MT4 and MT5 with a $5 minimum deposit

Overview
XM Group supports MT4 and MT5 with a low $5 minimum deposit. 

Key facts

• Minimum deposit: $5
• Deposit minimums on common methods: $5 on card and several e-wallet methods
• Inactivity fee: $10 after 3 months
• Spread: floating
• Minimum lot: 0.01
• Max leverage: up to 1:1000
• Deposit bonus: 20%
• Platforms: MT4, MT5, demo (web & mobile)
• Support: 24/5 support
• Account types: swap free accounts
• US clients: not accepted

Pros

• $5 minimum deposit
• MT4 and MT5 platform access
• Clear inactivity fee number

Cons

• Crypto CFDs are restricted
• not 24/7 support

Best for: beginners who want MT4 and MT5 with a small deposit.

Verification needed for deposits and withdrawals:  Proof of Identity and Proof of Address is required.

FXOpen: Best for platform choice including TradingView

Overview
FXOpen provides a low $1 minimum deposit and a platform mix that includes TradingView and NinjaTrader. 

Key facts

• Minimum deposit: $1
• Spread: floating
• Minimum lot: 0.01
• Max leverage: 1:500
• Inactivity fee: $10 per month after 90 days
• Long inactivity fee: $100 per month after 365 days
• Reactivation fee: $50
• Platforms: MT4, MT5, NinjaTrader, TradingView
• Support: 24/7 support
• Account types: swap free accounts
• US clients: not accepted

Pros

• $1 minimum deposit
• TradingView and NinjaTrader platform access
• Clear inactivity fee numbers

Cons

• Verification is required for all transactions

Best for: beginners who want TradingView and a low minimum deposit.

Verification needed for deposits and withdrawals: verification is required for all transactions.

HYCM: Best for a higher bonus cap up to $5,000

Overview
HYCM starts at $20, which is the highest minimum deposit among these brokers. The bonus cap is also the highest at $5,000.

Key facts

• Minimum deposit: $20
• Spread: floating and Raw
• Minimum lot: 0.01
• Max leverage: 1:500
• Deposit bonus: 25% up to $5,000
• Verification timing: required within 7 days
• Platforms: MT4, MT5, demo (web & mobile)
• Support: 24/7 support
• Account types: swap free accounts
• US clients: not accepted

Pros

• Bonus up to $5,000
• 24/7 support

Cons

• Verification required within 7 days

Best for: beginners who want a Raw option and a higher bonus cap.

Verification needed for deposits and withdrawals: verification is required within 7 days.

Libertex: Best for a $10 start with MT4 and MT5 access

Overview
Libertex offers a $10 minimum deposit with a platform choice that includes MT4 and MT5 plus a proprietary platform.

Key facts

• Minimum deposit: $10
• Spread: floating
• Minimum lot: 0.01
• Max leverage: 1:1000
• Platforms: proprietary, MT4, MT5, demo (web & mobile)
• Support: 24/5 support
• Account types: swap free accounts
• US clients: not accepted

Pros

• $10 minimum deposit
• MT4 and MT5 access

Cons

• 24/5 support

Best for: beginners who want a $10 start with MT4 and MT5 access.

Verification needed for deposits and withdrawals: verification is required.

Exness: Best for clear spread

Overview
Exness provides clear account type pricing, with a low-entry Standard account and professional accounts designed for lower spreads. Verification also connects directly to deposit access through deposit limitations.

Key facts

• Standard minimum deposit: $10
• Standard spreads: from 0.2 pips
• Standard commission: 0
• Standard leverage: 1:2000
• Standard margin call: 60%
• Standard stop out: 0%
• Minimum lot size: 0.01
• Pro minimum initial deposit requirement: starts from $200
• Pro spreads: from 0.1 pips
• Raw Spread minimum initial deposit requirement: starts from $200
• Raw Spread spreads: from 0.0 pips
• Raw Spread commission: 0 to 3.50 USD per lot per side
• Zero minimum initial deposit requirement: starts from $200
• Zero spreads: from 0.0 pips
• Zero commission: from 0.05 USD per lot per side
• Swap free status: available

Pros

• $10 Standard entry level
• Clear spread and commission numbers across account types
• Spread-based Standard account with 0 commission

Cons

• Professional accounts start from a $200 minimum initial deposit requirement

Best for: beginners who want clear pricing now and a path to professional accounts later.

Verification needed for deposits and withdrawals: verification includes email, phone, personal profile, an economic profile, and uploads for Proof of Identity and Proof of Address. Verification removes deposit limitations and document review can take up to 24 hours.

How Minimum Deposits Work in Practice

• Example 1: A trader wants to deposit $10 on FXGlory. Crypto deposits start at $1, so $10 funding works on crypto. Card deposits start at $50, so $10 funding does not work on cards.
• Example 2: A trader wants to deposit $10 on UnitedPips. Crypto deposits start at $10, so $10 funding works on crypto. Card deposits start at $50, so $10 funding does not work on cards.
• Example 3: A trader wants to open an Exness professional account. The minimum first time deposit requirement is at least $200 for professional account types, and the first deposit must meet the higher requirement between the account type and the payment method.

Who Should Choose Which Option?

• Best ultra low start: FXGlory with a $1 minimum deposit
• Best low start with options: CapitalCore with a $5 minimum deposit and options trading with a $10 minimum deposit
• Best fixed spreads with a simple deposit plan: UnitedPips with a $10 minimum deposit
• Best MT4 and MT5 start at $5: XM Group
• Best TradingView access in this list: eToro and FXOpen

• Best for detailed spread and commission pricing: Exness

   

How to Choose the Right Low/No Minimum Deposit Forex Broker

Financial Terms
Beginners get better results with a few key terms: pip (price movement unit), spread (buy sell gap), lot size (trade size), margin (required funds), and leverage (multiplier). In this guide, the minimum lot size is 0.01 across all brokers, which helps keep trades small.

Platform Features
MT4 and MT5 help beginners follow common tutorials. MT4 and MT5 appear on FXGlory, XM Group, FXOpen, HYCM, Libertex, and Exness. CapitalCore and UnitedPips focus on proprietary platforms. TradingView access appears on eToro and FXOpen.

Trading Costs
Beginners get clarity by comparing fixed spreads versus floating spreads, plus commissions where relevant. Fixed spreads appear on FXGlory, CapitalCore, and UnitedPips. Exness professional accounts provide spread and commission numbers that are easy to compare, including 0.05 USD per lot per side on Zero and up to 3.50 USD per lot per side on Raw Spread. Inactivity fees also matter for small accounts, such as $10 per month after 12 months on eToro and $10 per month after 90 days on FXOpen.

Account Types
Swap free accounts matter for traders who want swap free trading conditions. Exness also separates account types by pricing model, with Standard and Standard Cent for small deposits and Pro, Raw Spread, and Zero for professional accounts with higher first time deposit requirements.

Final Verdict

Beginners focused on small deposits and simple rules get the strongest match from FXGlory, CapitalCore, and UnitedPips. FXGlory leads on entry cost with a $1 minimum deposit and fixed spreads. CapitalCore adds options trading with a $5 minimum deposit and a $2,500 bonus cap. UnitedPips keeps the setup simple with a $10 minimum deposit and fixed spreads.

Our Review Process & Updates

The review process uses measurable data points: minimum deposits by method, deposit bonuses and bonus caps, withdrawal minimums, inactivity fees, spread type, platform access, leverage limits, minimum lot size, options availability, swap free account availability, and verification requirements. 

Risk Warning

Forex and CFDs are high risk products. Leverage increases both profits and losses. Small accounts need strict risk control, small position sizes such as 0.01 lots, and careful use of leverage.

FAQ

What is the best low minimum deposit forex broker for beginners?

FXGlory works well for many beginners because the minimum deposit is $1 and spreads are fixed. CapitalCore also fits beginners who want options access with a $10 deposit. UnitedPips fits beginners who want fixed spreads with a simple $10 entry.

Which forex broker has the lowest minimum deposit?

FXGlory and FXOpen have a $1 minimum deposit.

Can I start forex trading with $1?

Yes, with brokers that accept $1 deposits. The minimum lot size of 0.01 helps keep trade size small, but leverage still needs control.

Do low minimum deposit forex brokers still require account verification?

Yes. Even brokers with $1–$10 minimum deposits require verification to comply with regulations and prevent fraud. Most ask for Proof of Identity (government-issued ID) and Proof of Address (utility bill or bank statement). Some brokers allow limited deposits before full verification, but withdrawals usually require full verification. Completing verification early also removes deposit limits and reduces delays when you want to withdraw profits.