6 brokers compared · 2026

Forex brokers with low minimum deposits

A low minimum deposit lets you test a broker’s platform, execution and withdrawals with real money before committing more. These brokers combine low minimums with credible regulation.

By the FXBroker research desk · Updated October 2026 · Advertiser disclosure

01XM$5 minimum with micro lots.
02Exness$10 minimum on Standard.
03OctaLow minimum with swap-free trading.
04PepperstoneNo minimum, raw spreads, tier-1 regulation.
05OANDANo minimum for US and global clients.
06tastyfxNo minimum for US residents.

#	Broker	Score	EUR/USD	Raw / lot	Min. dep.	Regulators	Platforms	Links
01	XMBeginners funding a small first account	4.1	1.6pips	$8all-in	$5	CySECASICDFSA+2	MT4MT5	Visit Review
02	ExnessInstant withdrawals and very high leverage	4.1	1.0pips	$7all-in	$10	FCACySECFSCA+3	MT4MT5	Visit Review
03	OctaSwap-free trading with a low minimum	3.9	0.9pips	n/a	$25	CySECFSCAMISA	MT4MT5	Visit Review
04	PepperstoneActive traders who want tier-1 regulation and raw pricing	4.6	1.1pips	$8all-in	$0	ASICFCACySEC+4	MT4MT5cTraderTradingView	Visit Review
05	OANDAUS beginners and API traders	4.3	1.4pips	$6all-in	$0	CFTCNFAFCA+4	MT4TradingView	Visit Review
06	tastyfxUS forex traders who want low spreads	4.4	0.8pips	n/a	$0	CFTCNFA	MT4TradingView	Visit Review

Spreads are typical values during liquid hours and change constantly. Raw / lot = raw EUR/USD spread converted at $10 per pip plus round-turn commission. Data checked October 2026. How we score.

XM

$5 minimum with micro lots.

4.1/5

XM is one of the most popular forex brokers worldwide, especially in Asia, Africa and Latin America. A $5 minimum deposit, micro lots, frequent webinars and a well-built mobile app make it beginner-friendly, while the XM Zero account offers raw pricing for more active traders.

Pros

Very low $5 minimum deposit and micro accounts
Excellent free education, webinars and daily analysis
MT4 and MT5 on every account type

Cons

Standard account spreads are wider than raw-spread rivals
No cTrader or native TradingView trading

EUR/USD: 1.6 pips
Raw / lot: $8.0
Min. deposit: $5
Regulators: CySECASICDFSAFSCA+1
Platforms: MT4, MT5, XM App

Exness

$10 minimum on Standard.

4.1/5

Exness is one of the highest-volume retail brokers in the world, known for automated instant withdrawals, tight spreads on gold and majors, and very high leverage for eligible offshore clients. It is especially popular in South Africa, Asia and the Middle East.

Pros

Automated instant withdrawals on most payment methods
Tight spreads on gold (XAU/USD) and major pairs
Low $10 minimum deposit on Standard accounts

Cons

Most retail clients are served by offshore entities
Smaller product range than multi-asset brokers

EUR/USD: 1.0 pips
Raw / lot: $7.0
Min. deposit: $10
Regulators: FCACySECFSCAFSA (Seychelles)+2
Platforms: MT4, MT5, Exness Terminal, Exness Trade App

Octa

Low minimum with swap-free trading.

3.9/5

Octa (OctaFX) is a fast-growing broker in Asia, Africa and Latin America offering commission-free, swap-free accounts on MT4, MT5 and OctaTrader, with copy trading and a low minimum deposit.

Pros

No commissions and swap-free trading on all accounts
Low minimum deposit
Built-in copy trading

Cons

Smaller instrument range
Most global clients served by the MISA (Mwali) entity

EUR/USD: 0.9 pips
Raw / lot: n/a
Min. deposit: $25
Regulators: CySECFSCAMISA
Platforms: MT4, MT5, OctaTrader

Pepperstone

No minimum, raw spreads, tier-1 regulation.

4.6/5

Pepperstone matches IC Markets on cost while offering stronger tier-1 regulation, including the FCA and BaFin. Its Razor account delivers raw spreads with a low commission across MT4, MT5, cTrader and TradingView, and there is no minimum deposit.

Pros

Razor account with raw spreads and $7 round-turn commission
FCA, ASIC, CySEC and BaFin regulation
MT4, MT5, cTrader and TradingView

Cons

Product range is narrower than IG or Saxo
Not available to US residents

EUR/USD: 1.1 pips
Raw / lot: $8.0
Min. deposit: $0
Regulators: ASICFCACySECBaFin+3
Platforms: MT4, MT5, cTrader, TradingView

OANDA

No minimum for US and global clients.

4.3/5

OANDA was one of the first online forex brokers and is still one of the most trusted in the US. There is no minimum deposit, trade sizes start at a single unit, and its REST API, TradingView integration and MT4 support appeal to both beginners and systematic traders.

Pros

No minimum deposit and flexible position sizing
Long track record and multiple tier-1 licences
Popular REST API for automated trading

Cons

Standard spreads are average for US brokers
Smaller pair selection than FOREX.com or tastyfx

EUR/USD: 1.4 pips
Raw / lot: $6.0
Min. deposit: $0
Regulators: CFTCNFAFCAASIC+3
Platforms: OANDA Web, OANDA App, MT4, TradingView

tastyfx

No minimum for US residents.

4.4/5

tastyfx is the US forex arm of IG Group, rebranded from IG US in 2024. It offers 80+ currency pairs with competitive spreads, no minimum deposit and access through its own platform, MT4, TradingView and ProRealTime, all regulated by the CFTC and NFA.

Pros

Backed by IG Group, a publicly listed global broker
EUR/USD spreads from about 0.8 pips with no commission
TradingView, MT4 and ProRealTime support

Cons

Forex only: no stocks, indices or crypto
Available to US residents only

EUR/USD: 0.8 pips
Raw / lot: n/a
Min. deposit: $0
Regulators: CFTCNFA
Platforms: tastyfx Web, tastyfx App, MT4, TradingView

How we chose these brokers

Minimum deposit: The lowest amount needed to open and fund a live account.
Position size: Micro lots (0.01) or smaller.
Regulation: At least one tier-1 licence.
Withdrawals: Low or no fees on small withdrawals.

Scores use our standard methodology. Rankings on this page also weight the specific criteria above.

Frequently asked questions

Can I start forex trading with $10?

Yes, with brokers such as XM or Exness, but a very small account limits position sizing and risk management.

Which forex broker has no minimum deposit?

Pepperstone, OANDA, tastyfx, Interactive Brokers, XTB and IG have no fixed minimum deposit for most clients.

Is a cent account useful?

Cent accounts let you trade very small positions and are useful for testing strategies with real execution.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly. Between roughly 60% and 89% of retail investor accounts lose money when trading CFDs, depending on the provider. Consider whether you understand how they work and can afford to lose your money. Read the full risk warning.