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10 Best Forex Brokers with $5 USD Minimum Deposit

 

Best Forex Brokers with minimum $5 Deposit

 

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 requiredIn 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

 

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)

 

  1. 🥇 HotForex – Overall, Best Forex Broker with a $5 USD Minimum Deposit.
  2. 🥈 XMLow Deposit Broker.
  3. 🥉 Exness – User-Friendly Deposit Options.
  4. 🏅 FXTM – Low-Cost Withdrawals.
  5. 📌 OctaFX – a Great all-around offering.
  6. NordFX – Award-Winning Low deposit Broker.
  7. Alpari – Low initial minimum investment.
  8. FBS – High Trust Score.
  9. Axi – Competitive Forex Fees, Spreads, and, Commission.
  10. IQ Option – Best Globally Regulated Broker.

 

 

HotForex

 

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 platformsWeb, MT4, MT5

📈 Types of accountsPremium: 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 Welcome Bonus

 

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 Minimum Deposit

 

HotForex Pros and Cons

 

✔️ Pros❌ Cons
Segregates client fundsLimited range of instruments
Regulated by CySECNot FCA Regulated

 

 

Overall Rating

4.5/5

Rated #36 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

69

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

XM

 

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
📝 RegulationFCA
🎉 Bonus✅ Yes
🆓 Demo Account☑️ Yes
🔁 Spreads from0.6
💰 Min. Deposit$5 USD
📈 Max Leverage1:888
🤝 Managed Accounts❌ No
💵 Fees from$3 USD
🚀 Open an Account👉 Click Here

 

XM Landing Page

 

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 Minimum Deposit

 

XM Pros and Cons

 

✅ Pros❌ Cons
Licensed and RegulatedNo banking license
Tight spreadsIncreased spreads (Selected Accounts)
55+ Currency pairsLacking Customer Support

 

 

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

 

Exness

 

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
📝 RegulationMultiple
💻 Trading DeskMarket Maker, NDD
🎉 Sign Up BonusNone
➖ Min. Deposit from$10 USD
🔁 Spreads from0.1 Pips
➕ Max Leverage1:2000
💳 Commission Yes
🛑 Inactivity FeeNo
🚀 Open an Account👉 Click Here

 

Exness Landing Page

 

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
📌 StandardDepends on payment system👉 Click Here
📌 Standard CentDepends on payment system👉 Click Here
🥇 Raw Spread$500 USD👉 Click Here
🥈 Zero$500 USD👉 Click Here
🥉 Pro$500 USD👉 Click Here

 

Exness Minimum Deposit

 

Exness Pros and Cons

 

✔️ Pros❌ Cons
24/7 Customer SupportLimited Trading Instruments
Instant DepositWithdrawal Fees
Huge LeverageETF 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

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

97

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker Website

 

 

FXTM Review

 

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
📝 RegulationCySEC, FCA, FSC, FSCA
☪️ Islamic Account✅ Yes
🆓 Demo Account☑️ Yes
🤝 Institutional AccountsNo
❤️ Customer Service24/5
🚀 Open an Account👉 Click Here

 

FXTM Landing Page

 

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 Minimum Deposit

 

FXTM Pros and Cons

 

✅ Pros❌ Cons
Excellent commission-based Forex pricingLimited choice of cryptocurrencies
Proprietary copy trading platformLimited choice commodities

 

 

Overall Rating

4.6/5

Rated #32 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

CySec, FSCA 

📱 Trading Desk

MetaTrader4, Metatrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

 

OctaFX Review

 

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 NameOctaFX
📍 HeadquarteredKingstown, St Vincent, and the Grenadines
📅 Year Founded2011
⚖️ Regulating AuthoritiesSVGFSA
🌐 Countries not accepted for tradeThe United States, Canada, Belgium, and others outside Europe
☪️ Islamic account (swap-free)Yes
👍 Demo AccountYes
📊 Institutional AccountsNo
📊 Managed AccountsNo
📈 Maximum Leverage1:500
💰 Minimum Deposit5 USD
💳 Deposit OptionsVisa
Bitcoin
Skrill
Neteller
💳 Withdrawal OptionsVisa
Bitcoin
Skrill
Neteller
💻 Platform TypesMetaTrader 4, MetaTrader 5, cTrader
📱 OS CompatibilityDesktop, iOS, and Android
📈 Tradable assets offeredForex, metals, stock indices, cryptocurrencies, and energies
👨‍💼 Languages supported on WebsiteEnglish, Indonesian, Malay, Hindi, Urdu, Thai and Vietnamese
👥 Customer Support LanguagesEnglish, Indonesian, Malay, Hindi, Urdu, Thai and Vietnamese
📆 Customer Service Hours24/7
🚀 Open an Account👉 Click Here

 

OctaFX Overview

 

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 Accounts

 

OctaFX Pros and Cons

 

✅ Pros❌ Cons
Regulated and authorized by CySECLimited assets
Unlimited demo accountLow Crypto coverage
Advanced technologyNo VPS
Forex and CFDs offeredNo clients from USA

 

 

Overall Rating

4.8/5

Rated #8 of
Recommended FX Brokers

💰Minimum Deposit

$5

🌐 Regulators

SVGFSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Very Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Official Website

 

 

NordFX Review

 

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
📝 RegulationVFSC
💻 Trading PlatformsMT4
📈 Signals✅ Yes
🤝 US Clients Accepted❌ No
☪️ Islamic Account☑️ Yes
🚩 Segregated Accounts❌ No
📌 Managed Accounts✅ Yes
🆓 Demo Account☑️ Yes
🚀 Open an Account👉 Click Here

 

NordFX Landing Page

 

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 Minimum Deposit

 

NordFX Pros and Cons

 

✅ Pros❌ Cons
Proprietary copy trading platformLimited choice of trading instruments

 

 

Overall Rating

4.3/5

Rated #139 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

VFSC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

33

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Alpari Review

 

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
📝 RegulationFSC
☪️ Islamic Account✅ Yes
🆓 Demo Account☑️ Yes
📈 Institutional Accounts❌ No
📊 Max Leverage1:1000
💻 Trading PlatformsMT4 / MT5
🚀 Open an Account👉 Click Here

 

Alpari Landing Page

 

Alpari Minimum Deposit

 

🔎 Alpari Account🥇 Forex Standard Account, MT4🥈 Forex Micro Account, MT4
💵 Account CurrencyUSD / EUR / GBP / NGNUSD / EUR / GBP / NGN
💰 Minimum deposit$/€/£ 100, ₦20 000$/€/£ 5, ₦1 000
🚀 Open an Account👉 Click Here👉 Click Here

 

Alpari Minimum Deposit

 

Alpari Pros and Cons

 

✅ Pros❌ Cons
Caters to all types of tradersLittle to no research tools
Seamless technologyDoes not accept clients from the USA

 

 

Overall Rating

4.7/5

Rated #70 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSC 

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

FBS Review

 

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
📝 RegulationFSCA, CySEC
🎉 Welcome Bonus✅ Yes
☪️ Islamic Account✅ Yes
🆓 Demo Account✅ Yes
➕ Max Leverage1:3000
🔁 Spreads from0 Pips
☑️ Spread TypeFixed, Floating
📈 Copy Trading✅ Yes
🛑 Inactivity Fee❌ No
💻 Trading PlatformsMT4, MT5
⚙️ Trading Instruments100+
🚀 Open an Account👉 Click Here

 

FBS Overview

 

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 Minimum Deposit

 

FBS Pros and Cons

 

✔️ Pros❌ Cons
Negative Balance ProtectionLimited Tradable assets
Excellent RegulationLimited Trading Platforms

 

 

Over 16 000 000+ Traders

Overall Rating

4.7/5

Rated #71 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

IFSC, FSCA (south africa), ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform

Crypto

Yes

📈 Total Pairs

250

☪️ Islamic Account

No

📊 Trading Fees

Low

Welcome bonus

$140 (Find out More)

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

FBS

 

 

AXI Review

 

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
📝 RegulationFCA / ASIC
💰 Minimum Deposit$0 USD
📈 Max Leverage1:400
🆓 Demo Account✅ Yes
☪️ Islamic Account☑️ Yes
🚀 Open an Account👉 Click Here

 

AXI Overview

 

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 Account Options

 

Axi Pros and Cons

 

✔️ Pros❌ Cons
Fully regulatedOnly offers Forex / CFDs
Low trading feesLimited research tools
No inactivity feeWithdrawal Options Limited

 

 

Overall Rating

4.6/5

Rated #70 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

ASIC, DFSA, FCA, FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

66

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Axi

 

IQ Option Review

 

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
📝 RegulationsCySEC
🚀 Open an Account👉 Click Here

 

IQ Option Full Landing Page

 

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 DepositFree$10 USD$1900 USD
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here

 

IQ Option Minimum Deposit

 

IQ Option Pros and Cons

 

✔️Pros❌Cons
Excellent InterfaceCountry Restrictions
Fast Account OpeningInactivity Fee Charged
Low minimum depositDerivates Only

 

 

Overall Rating

4.7/5

Rated #247 of
Recommended FX Brokers

💰Minimum Deposit

$10

🌐 Regulators

📱 Trading Desk

Own Platform

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

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.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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