Forex Brokers With $10 Minimum Deposit

Forex Brokers With $10 Minimum Deposit

Forex Brokers With $10 Minimum Deposit - Trading With Smaller Account Sizes

$10 is a relatively low minimum deposit to trade Forex. However some traders may want to trade with smaller account sizes at least at the beginning, as the minimum deposit defines the initial size of the capital in the account, until it is added to or subtracted from by trading. The brokers on this page are chosen because they have a $10 minimum deposit and make it potentially feasible to trade Forex with a smaller account size.

To trade with a smaller account size, the trader generally needs either to increase leverage or to decrease trade size or to do both. Increasing leverage increases risk, as the size of the account is a factor which determines the extent to which a trader can withstand adverse moves.

Many brokers have a minimum Forex trade size of micro lots (0.01 standard Forex lots). Thus trading with a smaller account size can be an issue, especially if leverage is limited. However some brokers do indeed offer $10 minimum deposits allied with small trade or order sizes, allowing the trader to potentially trade with a smaller account size.

The brokers in the table below offer cent accounts or very low minimum order sizes. A cent account is a type of MetaTrader account which is denominated in cents, thus on a cent account a micro lot is in fact 0.0001 standard lots. These very small trade sizes make it more feasible to trade with small account sizes. The actual value of each move (its pip value) will be correspondingly smaller, but proportionate to the account size in the way increasing leverage with a smaller account size may not be.

Forex Brokers With $10 Minimum Deposit
BrokerTrading PlatformsWhat It Does
IQ Option
Broker
Web Trader, Desktop Download & Apps
Trading Platforms
IQ Option offers Forex trading with a minimum order size of $1 and a minimum deposit of $10
What It Does
IQ Option
IQ Option
RoboForex
Broker
MT4, MT5, cTrader, RTrader
Trading Platforms
RoboForex has a wide range of account types including its Cent account for MetaTrader with a minimum deposit of $10
What It Does
IronFX
Broker
MT4
Trading Platform
IronFX offers trading on MT4 with support for trading with robots and has a minimum amount required to trade of $10
What It Does
FXTM
Broker
MT4, MT5
Trading Platforms
FXTM provides Forex trading, has a Cent account with low minimum trade sizes and a minimum deposit of $10
What It Does

Some brokers with a $10 minimum deposit do not have MetaTrader, thus these brokers may provide a low minimum order size. This means that the trader will chose an order size from the minimum upwards when choosing market. The value of each move with be correspondingly smaller, but also more proportionate to the account size.

Leverage can also be used, but the trader should be cautious of using this to trade with smaller account sizes as there may be insufficient capital in the account to deal with adverse moves, where the pip value is subtracted from the account potentially triggering a stop-out (which is related to the account size).

What are the consequences of trading with a low minimum order or trade size ? An account accumulates capital when the move goes in favour of the trader (i.e. when its direction matches the direction of the trade). An account loses capital when the move goes against the traded position. With a low minimum trade or order size and a smaller account balance (i.e. the capital the move adds to or subtracts from) then the sums subtracted may be more manageable and the sums added to will be smaller. It can be helpful not to assume that a move will go in the trader's favour.

The path to a successful trade can be paved with adverse moves as well. So even a successful trade will need to be managed in such a way that it can withstand adverse moves. This is why leveraged trades designed to have a higher pip value may be problematic as they can stop out a trade or make it unmanageable on the path to succeeding. So part of sustainable trading is to get a balance right between leverage, trade size and account size.

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