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6 Best Brokers with Micro Accounts ☑️ (Updated July 2022)


Best Forex Brokers with micro accounts

 

The Top 6 Best Forex Brokers with Micro Accounts revealed. We have rated and reviewed the 6 Best Forex Brokers who have Micro Account Types.

 

This is a complete listing of The 6 Best Forex Brokers with Micro AccountsIn this in-depth write-up you will learn:

 

  • Who is the Best Micro Account Broker suited to Beginner Traders?
  • Pros and Cons of Micro Accounts.
  • Low-Cost Trading and how it works.
  • What are Micro Account Brokers?
  • What is Micro Account Forex?

 

 

and much, much more!

 

 

Forex Micro Account – A Definition

 

A Forex Micro Account predominantly caters to traders who want exposure to Forex trading without the risk of losing a lot of money.  A Forex Micro Account is best suited to Beginner Traders.

 

 

6 Best Forex Brokers with Micro Accounts – A Comparison

 

🔎 Broker 📌 Micro Account 💰 Min. Deposit (USD) 💵 Min. Deposit (ZAR) 🚀 Open an Account
🥇 HF Markets ☑️ Yes $5 USD R84.14 ZAR 👉 Click Here
🥈 FXTM ✅ Yes $10 USD 168.28 ZAR 👉 Click Here
🥉 FBS ☑️ Yes $5 USD R84.14 ZAR 👉 Click Here
🏅 FXOpen ✅ Yes $1 USD R16.83 ZAR 👉 Click Here
📍 RoboForex ☑️ Yes $1 USD R16.83 ZAR 👉 Click Here
📍 XM ✅ Yes $5 USD R84.14 ZAR 👉 Click Here

 

 

6 Best Forex Brokers with Micro Accounts (2022)

 

  1. HF Markets – Overall, Best Broker with a Micro Account
  2. FXTM – High Beginner Trust Score
  3. FBS – Low Micro Account Deposit
  4. FXOpen – Low-Cost Trading Broker
  5. RoboForex – Award-Winning Broker
  6. XM – Globally Regulated Broker

 

 

HFM Review

 

HF Markets

 

Overall, HF Markets (HFM) can be summarised as a trustworthy and safe broker with 24/5 educational support. HFM is regulated by Tier 1 and Tier 2 Trading Bodies. HF Markets has a high trust score of 90 out of 99.

 

HF Markets Overview

 

🔎 Broker 🥇 HF Markets Ltd
🥈 HotForex
💰 Min. Deposit $5 USD / R75 ZAR
📝 Regulators CySEC, FSC, CFTC
₿ Crypto No
📌 Total Pairs 47
☪️ Islamic Account Yes
💳 Trading Fees Low
🚀 Open an Account 👉 Click Here

 

HFM Landing Page

 

HF Markets Micro Account

 

The HotForex micro account is designed with new traders in mind.  The HotForex Micro account to trade smaller trade sizes and open an account with a lower initial deposit.

 

🔎 Broker 🥇 HotForex
📌 Account Micro
💻 Trading Platform: MT4, MT5, Webtrader, Mobile Trading
🔁 Spreads: From 1 pip
📍 Trading Instruments: All Available
📊 Maximum Leverage: 1:1000
💰 Min. Deposit $5 USD / R70 ZAR
🚀 Open an Account 👉 Click Here

 

Hotforex Micro Account

 

HF Markets Pros and Cons

 

✔️ Pros ❌ Cons
Great range of markets Only Forex and CFDs products
Enabled negative balance protection Three entities in offshore zones
Fast Account Opening, fully Digital

 

 

ForexTime Review ( FXTM )

 

FXTM

 

Overall, FXTM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 250+ trading instruments. FXTM is regulated by one tier-1 regulator (highest trust), two tier-2 regulators (medium trust), and one tier-3 regulator.  FXTM has a trust score of 92 out of 100.

 

FXTM Overview

 

🔎 Broker 🥇 FXTM
📌 Regulation CySEC, FCA, FSC, FSCA
☪️ Islamic Account ☑️ Yes
🆓 Demo Account ☑️ Yes
📍 Institutional Accounts No
📊 Managed Accounts No
📈 Maximum Leverage 1:2000
💰 Minimum Deposit $10 / 160 ZAR
📌 Open an Account 👉 Click Here 👈

 

FXTM Overview

 

FXTM Micro Account

 

The FXTM Micro Account is specifically designed for traders who want a real experience without making a big deposit.

 

🔎 Account 🥇 FXTM Micro
💰 Min Deposit $10 USD
📈 Max Leverage 1:30 – 1:1000
🔁 Spreads from 1.5 Pips
💸 Commissions Zero
💵 Currency USD / EUR/ GBP
🚀 Open an Account 👉 Click Here

 

FXTM Micro Account

 

FXTM Pros and Cons

 

✔️ PROS ❌ CONS
Superb customer service High stock CFD fees
Great educational tools Inactivity and withdrawal fees
Digital and fast account opening Limited product portfolio
Low fees for stock index CFDs High stock CFD fees
Low EURCHF and EURGBP fees Most withdrawal options have a fee
Credit/Debit card available No two-step (safer) login
No deposit fee No price alerts

 

 

FBS Review ZAR

 

FBS

 

Overall, FBS can be summarised as a trustworthy and credible broker that is very competitive in terms of its trading fees, (against major currency pairs). The spread is also low and is considered low-risk.

 

FBS Overview

 

🔎 Broker 🥇 FBS
📍 Regulation IFCS
☪️ Islamic account ☑️ Yes
💹 Sign up Bonus ✅ Yes
👍 Demo Account ☑️ Yes
📊 Institutional Accounts No
📊 Managed Accounts No
📈 Maximum Leverage 1:3000
💰 Minimum Deposit $1 USD/ ZAR R16
💻 Platform Types MT4, MT5
🚀 Open an Account 👉 Click Here

 

FBS Landing Page

 

FBS Micro Account

 

The FBS Micro account is specifically created for traders who wish to calculate their profit precisely.

 

🔎 FBS Account 🥇 Micro
💰 Min. Deposit $5 USD
🔁 Spread From 3 pips
💳 Commission None
🚀 Open an Account 👉 Click Here

 

FBS Micro Account

 

FBS Pros and Cons

 

✅ Pros ❌ Cons
Low stock and stock index CFD fees Slim product portfolio
No inactivity fee Limited account base currencies
Fast account opening Limited Investor Protection

 

 

FX Open Review

 

FXOpen

 

Overall, FXOpen was the first broker to offer ECN and STP trading via MetaTrader 4 (MT4), an award-winning platform that boasts instant trade execution at competitive prices.

 

FXOpen Overview

 

🔎 Broker 🥇 FXOpen
📍 Regulation FCA, ASIC
🌍 Countries not accepted for trade United Stated
☪️ Islamic account (swap-free) ☑️ Yes
👍 Demo Account ✅ Yes
📊 Institutional Accounts ☑️ Yes
📊 Managed Accounts ✅ Yes
📈 Maximum Leverage 1:500
💰 Minimum Deposit $1 USD / R16.83
🚀 Open a account 👉 Click Here

 

FXOpen Landing Page

 

FXOpen Micro Account

 

The FXOpen Micro Account has a minimum initial deposit ($1 USD), a small transaction size, and low margin requirements.

 

🔎 Account 🥇 Micro
💰 Minimum deposit $1 USD
🔁 Spread Floating
💳 Commission None
☪️ Islamic Option ☑️ Yes
📈 Leverage 1:500
🎉 Bonuses ✅ Yes
📉 Scalping ☑️ Yes
📊 Hedging ✅ Yes
🚀 Open an Account 👉 Click Here

 

FXOpen Micro Account

 

FXOpen Pros and Cons

 

✔️ Pros ❌ Cons
Tight spreads and low commissions High fees
Deposits with cryptocurrencies . No US clients
One click trading and Level2 Plugin Restricted leverage
Multiple cryptos Limited educational material
Electronic communication network No fixes spread accounts
Free VPS

 

 

RoboForex Review

 

RoboForex

 

Overall, RoboForex can be summarised as a credible and trustworthy broker with advanced trading tools for pro-traders. Roboforex offers 24/7 support with a trust score of 88 out of 99.

 

RoboForex Overview

 

🔎 Broker 🥇 Roboforex
⚖️ Regulating Authorities IFSC
🌐 Countries not accepted for trade US, Canada, Australia, and Japan
☪️ Islamic account (swap-free) ✔️ Yes
👍 Demo Account ✔️ Yes
📈 Maximum Leverage 1:2000
💰 Minimum Deposit $10 USD / R160 ZAR
💻 Platform Types MT4, MT5, cTrader
🚀 Open an Account 👉 Click Here

 

RoboForex Landing Page

 

RoboForex Micro Account

 

The RoboForex Micro account uses 100x denominated monetary units of the base currency (US Cent, EU Cent, etc.) The RoboForex Micro account conditions are equal to those for standard accounts.

 

🔎 Account 🥇 Micro
💰 Minimum deposit $10 USD / R168.28
🎉 Bonus programs ☑️ Yes
✋ Stop Out 10%
🔁 Swap-Free account ✅ Yes
📌 One-Click Trading ☑️ Yes
🚀 Open an Account 👉 Click Here

 

RoboForex Micro Account

 

RoboForex Pros and Cons

 

✔️ Pros ❌ Cons
Tight spreads from 0 pips Not FCA Regulated
Fast order execution No fixed spread accounts
5 account currencies (EUR, USD, CNY, RUB, GOLD) Don’t accept clients from US, Canada, Australia or Japan
Micro accounts with the minimum lot
size of 0.01
8 asset classes

 

 

XM.com Review ZAR

 

XM

 

Overall, XM is considered a trustworthy broker with average risk with spreads as low as 0.6 pips and an above-average trust score of 84 out of 99. XM is not a publicly traded company but is authorized by two tier-1 regulators (high trust).

 

XM Overview

 

🔎 Broker 🥇 XM
📝 Regulation FCA
🌐 Countries not accepted for trade United States
📎 Bonus ☑️ Yes
📒 Demo Account ☑️ Yes
📌 Spreads from 0.6 Pips
⬆️ Max Leverage 1:888
💰 Minimum Deposit $5 USD / R80 ZAR
🚀 Open an Account 👉 Click Here

 

XM Review ZAR

 

XM Micro Account

 

The XM Micro account is best suited to beginner traders and requires a low minimum deposit of only $5 USD.

 

🔎 Account 🥇 Micro
💰 Minimum Deposit $5 USD / R84.14
✋ Negative Balance Protection ☑️ Yes
📉 Minimum trade volume 100 Lots
📊 Hedging ✅ Yes
🔁 Swaps ☑️ Yes
☪️ Islamic Account Optional
🚀 Open an Account 👉 Click Here

 

XM Micro Account

 

XM.com Pros and Cons

 

✔️ Pros ❌ Cons
Licensed and Regulated (ASIC, Cyprus Securities and Exchange Commission & IFSC)No banking license No banking licence
Tight spreads available Increased spreads on the Micro and Standard accounts
55+ Currency pairs to trade with No 24/7 Customer support

 

 

 

Conclusion

 

👉 Now it is your turn to participate:

 

➡️ Which Forex Broker with a Micro Account from this list do you intend to test out?

➡️ What was the determining factor in your decision to engage with a certain broker?

➡️ Was it because of the Micro Account Option or because of the Pros and Cons?

 

👉 Regardless, please share your thoughts in the comments below.

 

 

You might also like:  HF Markets Review

You might also like:  FXTM Review

You might also like:  FBS Review

You might also like:  FXOpen Review

You might also like:  RoboForex Review

You might also like:  XM Review

 

 

Frequently Asked Questions

 

 

What is a Micro Account?

 

Forex Micro Account is an account that predominantly caters to traders who want exposure to Forex trading without the risk of losing a lot of money.

 

 

Who are the Best Brokers with Micro Accounts to choose from?

 

The Best Brokers with Micro Accounts to choose from include HF Markets, FXTM, and FBS.

 

 

Is a Micro Account suited to Beginner Traders?

 

Yes, a Micro Account is best suited to Beginner Traders.

 

 

How much will it cost to open a Micro account?

 

The cost of opening a micro account will depend on the broker chosen but can range between $1 USD – $10 USD.

 

 

Do all Brokers offer Micro Account options?

 

No, only selected Brokers will make Micro Account options available.

 





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