Forex Brokers with Micro Accounts — Micro-Lot Forex Trading
Micro accounts are small-cap accounts that allow traders to come into the market with very little money
||CySEC, FCA, FSB, DFSA, SCB
|| ||FIBO Group
||FSC, CySEC, FCA
||CySEC, FCA, IFSC
||ASIC, CySEC, IFSC
||BaFin, CNMV, CySEC, FCA, IFSC
|| ||City Index
||ASIC, FCA, FSA, IIROC, MAS, NFA
||CySEC, FCA, MiFID, DFSA, SFC
||ASIC, BVI, CBI, FSCA
These accounts are for beginner traders, who are looking to start small before depositing more into the account. They often let traders enter the market with as little as $100, although this will depend on the broker. The plus of these accounts are that you can take significantly smaller trades by using micro and mini lot sizes, which are increments of 0.01 for micro and 0.1 for mini lots.
Being able to trade such small amounts helps a trader get used to trading real money before they look to up their size.
These accounts are the most accessible for beginner traders and is why we would always recommend you start with a small account. We have put together a list of our preferred brokers that offer great micro accounts, see here.
Still not sure which broker? For a tailored recommendation, you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.