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The Top 10 Best Forex Brokers with $5 USD Minimum Deposit revealed. We have rated and reviewed the best Forex Brokers requiring a $5 USD Minimum Deposit.
This is a complete listing of The 10 Best Forex Brokers with a $5 USD Minimum Deposit required. In this in-depth write-up you will learn:
- Who is the Best Minimum Deposit Broker suited to Beginner Traders?
- Pros and Cons of Low-Cost Trading.
- Minimum Investment Accounts and how they work.
- The Minimum Cost of Trading Forex
and much, much more!
Forex Minimum Deposit – A Definition
A minimum deposit when Forex Trading is a required amount of capital that needs to be transferred into a live trading account either to open the account or in order to start trading. The required minimum deposit amount will differ according to the account type and broker chosen.
| 🔎 Broker | 💰 Min. Deposit | 🚀 Open an Account |
| 🥇 HotForex | ✅ $5 USD | 👉 Click Here |
| 🥈 XM | ☑️ $5 USD | 👉 Click Here |
| 🥉 Exness | ✅ $5 USD | 👉 Click Here |
| 🏅 FXTM | ☑️ $5 USD | 👉 Click Here |
| 📌 OctaFX | ✅ $5 USD | 👉 Click Here |
| 📌 NordFX | ☑️ $5 USD | 👉 Click Here |
| 📌 Alpari | ✅ $5 USD | 👉 Click Here |
| 📌 FBS | ☑️ $1 USD | 👉 Click Here |
| 📌 AXI | ✅ $1 USD | 👉 Click Here |
| 📌 IQ Option | ☑️ $1 USD | 👉 Click Here |
10 Best Forex Brokers with a $5 USD Minimum Deposit (2022)
- 🥇 HotForex – Overall, Best Forex Broker with a $5 USD Minimum Deposit.
- 🥈 XM – Low Deposit Broker.
- 🥉 Exness – User-Friendly Deposit Options.
- 🏅 FXTM – Low-Cost Withdrawals.
- 📌 OctaFX – a Great all-around offering.
- NordFX – Award-Winning Low deposit Broker.
- Alpari – Low initial minimum investment.
- FBS – High Trust Score.
- Axi – Competitive Forex Fees, Spreads, and, Commission.
- IQ Option – Best Globally Regulated Broker.
HotForex
HotForex can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 100+ trading instruments. It is regulated by one tier-1 regulator (highest trust) and three tier-2 regulators.(medium trust) It has a trust score of 95% out of 100.
HotForex Overview
| 🔎 Brokers Name | 🥇 HF Markets Ltd |
| ⚖️ Regulation | CySEC, FCA, FSCA |
| 💳 Minimum deposit | $5 USD |
| 💰 Maximum Leverage | 1000:1 |
| 🔘 Asset Types | Forex, Metals, etc. |
| 📊 Trading platforms | Web, MT4, MT5 |
| 📈 Types of accounts | Premium: min $100 Zero Spread: min $200 Auto: min $200 HFcopy: min $500 |
| 💳 Supported lot | 0.01 - 500 |
| 💳 Demo | ☑️ Yes |
| 🚀 Open an Account | 👉 Click Here |
HotForex Minimum Deposit
The minimum deposit amount required to register an HFM live trading account ranges between $5 USD and $300 USD depending on the account type chosen.
| 🔎 HF Markets Account | 💰 Minimum Deposit |
| ☑️ Micro Account | $5 USD |
| 🥇 Premium Account | $100 USD |
| 🥈 Zero Spread Account | $200 USD |
| 🏅 HFCopy Account | $100 - $300 USD |
| 🚀 Open an Account | 👉 Click Here |
HotForex Pros and Cons
| ✔️ Pros | ❌ Cons |
| Segregates client funds | Limited range of instruments |
| Regulated by CySEC | Not FCA Regulated |
Overall Rating
4.5/5
Rated #36 of
Recommended FX Brokers
Minimum Deposit
USD 100
Regulators
FCA
MetaTrader 4, MetaTrader 5
Yes
69
Islamic Account
Yes
Trading Fees
Low
24 Hours
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 Group is not a publicly-traded company but is authorized by two tier-1 regulators (high trust).
XM Overview
| 🔎 Broker | 🥇 XM |
| 📝 Regulation | FCA |
| 🎉 Bonus | ✅ Yes |
| 🆓 Demo Account | ☑️ Yes |
| 🔁 Spreads from | 0.6 |
| 💰 Min. Deposit | $5 USD |
| 📈 Max Leverage | 1:888 |
| 🤝 Managed Accounts | ❌ No |
| 💵 Fees from | $3 USD |
| 🚀 Open an Account | 👉 Click Here |
XM Minimum Deposit
The minimum deposit amount required to register an XM live trading account is $5 USD. XM makes 4 live trading accounts available, the Micro Account, the Standard Account, the XM Ultra Low, and XM Shares Account respectively.
| 🔎 XM Account | 💰 Min. Deposit | 🚀 Open an Account |
| 🥇 Micro Account | $5 USD | 👉 Click Here |
| 🥈 Standard Account | $5 USD | 👉 Click Here |
| 🥉 XM Ultra Low Account | $5 USD | 👉 Click Here |
| 🏅 Shares Account | 📌 $10'000 USD | 👉 Click Here |
XM Pros and Cons
| ✅ Pros | ❌ Cons |
| Licensed and Regulated | No banking license |
| Tight spreads | Increased spreads (Selected Accounts) |
| 55+ Currency pairs | Lacking Customer Support |
Overall Rating
4.5/5
Rated #68 of
Recommended FX Brokers
Minimum Deposit
USD 100
Regulators
IFSC, CySec, ASIC
MT4
Yes
55
Islamic Account
Yes
Trading Fees
Low
24 Hours
Exness
Overall, Exness is regulated by two tier-1 regulators, two tier-2 regulators, and four tier-3 regulators respectively. It has a high trust score of 97 out of 100 and is considered low-risk. Exness offers 4 retail trading accounts.
Exness Overview
| 🔎 Broker | 🥇 Exness |
| 📝 Regulation | Multiple |
| 💻 Trading Desk | Market Maker, NDD |
| 🎉 Sign Up Bonus | None |
| ➖ Min. Deposit from | $10 USD |
| 🔁 Spreads from | 0.1 Pips |
| ➕ Max Leverage | 1:2000 |
| 💳 Commission | Yes |
| 🛑 Inactivity Fee | No |
| 🚀 Open an Account | 👉 Click Here |
Exness Minimum Deposit
The minimum deposit amount required to register an Exness Professional live trading account is $500 USD. This minimum deposit amount required for Standard Account registration will depend on the payment system chosen.
| 🔎 Account | 💰 Min Deposit | 🚀 Open an Account |
| 📌 Standard | Depends on payment system | 👉 Click Here |
| 📌 Standard Cent | Depends on payment system | 👉 Click Here |
| 🥇 Raw Spread | $500 USD | 👉 Click Here |
| 🥈 Zero | $500 USD | 👉 Click Here |
| 🥉 Pro | $500 USD | 👉 Click Here |
Exness Pros and Cons
| ✔️ Pros | ❌ Cons |
| 24/7 Customer Support | Limited Trading Instruments |
| Instant Deposit | Withdrawal Fees |
| Huge Leverage | ETF CFD trading is not available. |
Overall Rating
4.9/5
Rated #2 of
Recommended FX Brokers
Minimum Deposit
$10
Sign-up bonus No
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA
MetaTrader 4, MetaTrader 5
Yes
97
Islamic Account
Yes
Trading Fees
Low
24 Hours
🏛️ Visit Broker Website
FXTM
Overall, FXTM can be summarised as a credible and trusted broker that is very competitive in terms of its trading fees (against major currency pairs). The spread is also very low and is considered a low-risk trading environment. FXTM is considered safe because it is regulated by the top FCA.
FXTM Overview
| 🔎 Broker | 🥇 FXTM |
| 📝 Regulation | CySEC, FCA, FSC, FSCA |
| ☪️ Islamic Account | ✅ Yes |
| 🆓 Demo Account | ☑️ Yes |
| 🤝 Institutional Accounts | No |
| ❤️ Customer Service | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
FXTM Minimum Deposit
The minimum deposit amount required to register an FXTM live trading account is $5 USD. This minimum deposit amount required will differ depending on the account option selected.
| 🔎 Account | 🥉 Micro | 🥈 Advantage | 🥇 Advantage Plus |
| 💰 Minimum Deposit | $/€/£ 10, ₦10,000 | $/€/£ 500, ₦80,000 | $/€/£ 500, ₦80,000 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
FXTM Pros and Cons
| ✅ Pros | ❌ Cons |
| Excellent commission-based Forex pricing | Limited choice of cryptocurrencies |
| Proprietary copy trading platform | Limited choice commodities |
Overall Rating
4.6/5
Rated #32 of
Recommended FX Brokers
Minimum Deposit USD 10
Regulators CySec, FSCA
MetaTrader4, Metatrader 5
Yes
📈 Total Pairs
–
Islamic Account No
Trading Fees Low
24 Hours
OctaFX
Overall, OctaFX can be summarised as a trustworthy and worthwhile broker with a trust score of 90 out 99. OctaFX is very competitive in terms of its trading fees, with low spreads rounding off its offerings.
OctaFX Overview
| 🔎 Broker's Name | OctaFX |
| 📍 Headquartered | Kingstown, St Vincent, and the Grenadines |
| 📅 Year Founded | 2011 |
| ⚖️ Regulating Authorities | SVGFSA |
| 🌐 Countries not accepted for trade | The United States, Canada, Belgium, and others outside Europe |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | 5 USD |
| 💳 Deposit Options | Visa Bitcoin Skrill Neteller |
| 💳 Withdrawal Options | Visa Bitcoin Skrill Neteller |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5, cTrader |
| 📱 OS Compatibility | Desktop, iOS, and Android |
| 📈 Tradable assets offered | Forex, metals, stock indices, cryptocurrencies, and energies |
| 👨💼 Languages supported on Website | English, Indonesian, Malay, Hindi, Urdu, Thai and Vietnamese |
| 👥 Customer Support Languages | English, Indonesian, Malay, Hindi, Urdu, Thai and Vietnamese |
| 📆 Customer Service Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
OctaFX Minimum Deposit
The minimum deposit amount required to register an OctaFX live trading account is $5 USD. This minimum deposit amount required will differ depending on the account option selected.
| 🔎 OctaFX Account | 🥉 Micro | 🥈 Pro | 🥇 ECN |
| 💰 Min. Deposit | $100 USD | 📌 $500 USD | $100 USD |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
OctaFX Pros and Cons
| ✅ Pros | ❌ Cons |
| Regulated and authorized by CySEC | Limited assets |
| Unlimited demo account | Low Crypto coverage |
| Advanced technology | No VPS |
| Forex and CFDs offered | No clients from USA |
Overall Rating
4.8/5
Rated #8 of
Recommended FX Brokers
Minimum Deposit
$5
Regulators
SVGFSA
MT4, MT5
Yes
80
Islamic Account
Yes
Trading Fees
Very Low
24 Hours
🏛️ Visit Official Website
NordFX
Overall, NordFX can be summarised as a trustworthy and worthwhile broker with a trust score of 86 out of 100. NordFX is very competitive in terms of its trading fees, with low spreads rounding off its offerings.
NordFX Overview
| 🔎 Broker | 🥇 NordFX |
| 📝 Regulation | VFSC |
| 💻 Trading Platforms | MT4 |
| 📈 Signals | ✅ Yes |
| 🤝 US Clients Accepted | ❌ No |
| ☪️ Islamic Account | ☑️ Yes |
| 🚩 Segregated Accounts | ❌ No |
| 📌 Managed Accounts | ✅ Yes |
| 🆓 Demo Account | ☑️ Yes |
| 🚀 Open an Account | 👉 Click Here |
NordFX Minimum Deposit
The minimum deposit amount required to register a NordFX live trading account is $5 USD. This minimum deposit amount required will differ depending on the account option selected.
| 🔎 NordFX Account | 🥇 Fix | 🥈 Pro | 🥉 Zero | 🏅 Savings |
| 💰 Min. Deposit | $10 USD | $250 USD | $500 USD | $500 USD |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here |
NordFX Pros and Cons
| ✅ Pros | ❌ Cons |
| Proprietary copy trading platform | Limited choice of trading instruments |
Overall Rating
4.3/5
Rated #139 of
Recommended FX Brokers
Minimum Deposit USD 10
Regulators VFSC
MetaTrader 4
Yes
📈 Total Pairs
33
Islamic Account No
Trading Fees Low
24 Hours
Alpari
Overall, Alpari can be summarised as a credible and trusted broker that is very competitive in terms of its trading fees (against major currency pairs). The spread is also very low and is considered a low-risk trading environment.
Alpari Overview
| 🔎 Broker | 🥇 Alpari |
| 📝 Regulation | FSC |
| ☪️ Islamic Account | ✅ Yes |
| 🆓 Demo Account | ☑️ Yes |
| 📈 Institutional Accounts | ❌ No |
| 📊 Max Leverage | 1:1000 |
| 💻 Trading Platforms | MT4 / MT5 |
| 🚀 Open an Account | 👉 Click Here |
Alpari Minimum Deposit
| 🔎 Alpari Account | 🥇 Forex Standard Account, MT4 | 🥈 Forex Micro Account, MT4 |
| 💵 Account Currency | USD / EUR / GBP / NGN | USD / EUR / GBP / NGN |
| 💰 Minimum deposit | $/€/£ 100, ₦20 000 | $/€/£ 5, ₦1 000 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here |
Alpari Pros and Cons
| ✅ Pros | ❌ Cons |
| Caters to all types of traders | Little to no research tools |
| Seamless technology | Does not accept clients from the USA |
Overall Rating
4.7/5
Rated #70 of
Recommended FX Brokers
Minimum Deposit
USD 100
Regulators
FSC
MT4, MT5
Yes
48
Islamic Account
Yes
Trading Fees
Low
24 Hours
FBS
FBS can be summarised as a trustworthy broker with a good reputation that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market. FBS offers quality education material, friendly trading conditions, and research tools.
FBS Overview
| 🔎 Broker | 🥇 FBS |
| 💰 Minimum Deposit | $1 USD |
| 📝 Regulation | FSCA, CySEC |
| 🎉 Welcome Bonus | ✅ Yes |
| ☪️ Islamic Account | ✅ Yes |
| 🆓 Demo Account | ✅ Yes |
| ➕ Max Leverage | 1:3000 |
| 🔁 Spreads from | 0 Pips |
| ☑️ Spread Type | Fixed, Floating |
| 📈 Copy Trading | ✅ Yes |
| 🛑 Inactivity Fee | ❌ No |
| 💻 Trading Platforms | MT4, MT5 |
| ⚙️ Trading Instruments | 100+ |
| 🚀 Open an Account | 👉 Click Here |
FBS Minimum Deposit
The minimum deposit amount required to register an FBS live trading account ranges from $1 USD up to $1000 USD. The minimum deposit amount required will depend on the account option chosen.
| 🔎 Account | 🥇 Minimum Deposit |
| 🥇 Cent | $1 USD |
| 🥈 Micro | $5 USD |
| 🥉 Standard | $100 USD |
| Zero Spread | $500 USD |
| ECN | $1000 USD |
| Crypto | $1 USD |
| 🚀 Open an Account | 👉 Click Here |
FBS Pros and Cons
| ✔️ Pros | ❌ Cons |
| Negative Balance Protection | Limited Tradable assets |
| Excellent Regulation | Limited Trading Platforms |
Over 16 000 000+ Traders Overall Rating Rated #71 of USD 1 IFSC, FSCA (south africa), ASIC, CySEC MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform Yes 📈 Total Pairs 250 No Low Welcome bonus $140 (Find out More) 24 Hours
4.7/5
Recommended FX BrokersMinimum Deposit Regulators Islamic Account Trading Fees
Axi
Overall, Axi is considered low-risk and can be summarised as trustworthy and reliable. Axi is regulated by top-tier regulators. Axi is a top-rated platform that ranks #17 out of 981 with a rating of 8.4/10.
Axi Overview
| 🔎 Broker | 🥇 AXI |
| 📝 Regulation | FCA / ASIC |
| 💰 Minimum Deposit | $0 USD |
| 📈 Max Leverage | 1:400 |
| 🆓 Demo Account | ✅ Yes |
| ☪️ Islamic Account | ☑️ Yes |
| 🚀 Open an Account | 👉 Click Here |
Axi Minimum Deposit
| 🔎 Account | 🥉 Standard | 🥈 Pro | 🥇 Elite |
| 💰 Min. Deposit | $0 USD | $0 USD | $25'000 USD |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Axi Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fully regulated | Only offers Forex / CFDs |
| Low trading fees | Limited research tools |
| No inactivity fee | Withdrawal Options Limited |
Overall Rating
4.6/5
Rated #70 of
Recommended FX Brokers
Minimum Deposit
USD 0
Regulators
ASIC, DFSA, FCA, FSA
MetaTrader 4
Yes
66
Islamic Account
Yes
Trading Fees
Low
24 Hours
IQ Option
Overall, IQ Option can be summarised as a trustworthy broker with a good reputation that provides Contracts for Difference (CFDs) and trading facilities to a global market. IQ Options has 40 Million registered users worldwide.
IQ Option Overview
| 🔎 Broker | 🥇 IQ Option |
| 💰 Min Deposit | $10 USD |
| 💵 Min Investment | $1 |
| ☪️ Islamic Account | ☑️ Yes |
| 🆓 Demo Account | ✅ Yes |
| 📝 Regulations | CySEC |
| 🚀 Open an Account | 👉 Click Here |
IQ Option Minimum Deposit
IQ Option offers 3 Different account types, all of which carry their own minimum deposit amount. A Minimum amount will need to be deposited in order to open a live trading account. In most cases when converted the minimum deposit will be close to $10 USD but this will depend on the investor’s chosen account currency.
| 🔎 Account | 🥉 Demo | 🥈 Real | 🥇 VIP |
| 💰 Minimum Deposit | Free | $10 USD | $1900 USD |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
IQ Option Pros and Cons
| ✔️Pros | ❌Cons |
| Excellent Interface | Country Restrictions |
| Fast Account Opening | Inactivity Fee Charged |
| Low minimum deposit | Derivates Only |
Overall Rating
4.7/5
Rated #247 of
Recommended FX Brokers
Minimum Deposit $10
Regulators –
Own Platform
Yes
📈 Total Pairs
–
Islamic Account Yes
Trading Fees Low
24 Hours
Conclusion
Now it is your turn to participate:
Which $5 USD Minimum Deposit broker 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 Minimum Investment or because of the Deposit options offered?
Regardless, please share your thoughts in the comments below.
Frequently Asked Questions
Are there forex brokers with $5 minimum deposit?
Yes, there are forex brokers who require only $5 minimum deposit to start trading.
Is there a minimum recommended amount to start Forex Trading?
The recommended minimum deposit for trading Forex is $200 USD.
Is trading in forex a risk?
Yes, Forex trading carries a high level of risk and may not be suitable for all investors.
Is trading in forex profitable?
Yes, Forex Trading does have the potential to be profitable when approached correctly.
What is the most important factor to consider when you choose a Forex Broker?
The most important factor in choosing a forex broker to consider is the safety and security on offer by the broker.
Top 4 Brokers
