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The 5 Best Forex Brokers with a 5 Dollar Minimum Deposit revealed. We have rated and reviewed the best Forex Brokers requiring a USD 5Minimum Deposit.
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!
| 🔎 Broker | 🚀 Open an Account | 💴 Minimum Deposit | ❤️ Best Suited |
| 🥇 XM | 👉 Click Here | 5 USD | All Traders |
| 🥈 FBS | 👉 Click Here | 5 USD | All Traders |
| 🥉 HFM | 👉 Click Here | None | All Traders |
| 🏅 XTB | 👉 Click Here | None | Beginner Traders |
| 🎖️ OANDA | 👉 Click Here | None | Active Traders |
🏆 10 Best Rated Forex Brokers
Broker
Rating
Regulators
Platforms
Min Deposit
Max Leverage
Crypto
Official Site
🥇
4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
USD 0
2000:1
Yes
7
4.9/5
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MT4, MT5, cTrader, Tradingview, Pepperstone Platform
USD 10
400:1
Yes
🏆 10 Best Rated Forex Brokers
Broker
Min Deposit
Max Leverage
Official Site
5 Best Forex Brokers with a 5-Dollar Minimum Deposit (2025)
- ☑️ XM – Overall, Best Forex Broker with a USD 5 Minimum Deposit.
- ☑️ FBS – Low Deposit Broker with High Trust Score
- ☑️ HFM – User-Friendly Deposit Options and Secure Withdrawals
- ☑️ XTB – Best Online Trading Experience for Beginners
- ☑️ OANDA – a Great all-around offering.
1. XM
XM is a trustworthy broker known for its competitive trading conditions, wide range of account types, and robust customer support.
| 🔎 Broker | 🥇 XM |
| 📌 Year Founded | 2009 |
| 👤 Amount of Staff | Approximately 300+ |
| 👥 Amount of Active Traders | Over 1.5 million |
| 📍 Publicly Traded | None |
| 📈 Regulation | ASIC, FCA, CySEC |
| 🌎 Country of Regulation | Australia, UK, Cyprus |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💱 Minor Account Currencies | ✅Yes |
| 💴 Minimum Deposit | 5 USD |
| 💶 Average Deposit/Withdrawal Processing Time | 24 hours (varies) |
| 💵 Fund Withdrawal Fee | None |
| 💷 Spreads From | 0.6 pips |
| 💳 Commissions | None |
| ⭐ Number of Base Currencies Supported | 30+ |
| 📈 Swap Fees | ✅Yes |
| 📉 Leverage | Up to 1:888 |
| 📊 Margin Requirements | Variable |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 📈 Order Execution Time | Instant |
| 📉 VPS Hosting | ✅Yes |
| 📌 CFDs Total | 1,000+ |
| 📍 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 🏷️ CFD Shares | ✅Yes |
| 🅰️ Deposit Options | Bank transfer, credit/debit, e-wallets |
| 🅱️ Withdrawal Options | Bank transfer, credit/debit, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 💻 OS Compatibility | Windows, MacOS, iOS, Android |
| 🖱️ Forex Trading Tools | Technical analysis tools, trading signals, economic calendar |
| ⭐ Customer Support | ✅Yes |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Customer Support Email Address | support@xm.com |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Facebook, Twitter, YouTube, |
| ✏️ Languages Supported | Multiple languages |
| Education/Research | ✅Yes |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | ✅Yes |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 IB Program | ✅Yes |
| 🫰🏻 Do They Sponsor Any Notable Events or Teams | ✅Yes |
| 🚩 Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Minimum Deposit and Account Types
The minimum deposit amount required to register an XM live trading account is USD 5. XM makes 4 live trading accounts available, the Micro Account, the Standard Account, the XM Ultra Low, and the XM Shares Account respectively.
| 🔎 XM Account | 🚀 Open an Account | 💰 Min. Deposit |
| 🥇 Micro Account | 👉 Click Here | 5 USD |
| 🥈 Standard Account | 👉 Click Here | 5 USD |
| 🥉 XM Ultra Low Account | 👉 Click Here | 5 USD |
| 🏅 Shares Account | 👉 Click Here | 10,000 USD |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Minimum Deposit | Inactivity Fees |
| Regulated Broker, ASIC, FCA, CySEC | Limited Managed Accounts |
| Wide Range of Account Types | Variable Spreads |
| High Leverage | Swap Fees |
| Demo Accounts Available | Support quality can vary by region |
| No Withdrawal Fees | Limited Research Tools |
| Educational Resources | Geographic Restrictions |
| Advanced Trading Platforms | Complex Fee Structure |
| VPS Hosting for Eligible Accounts | Not Publicly Traded |
Frequently Asked Questions
What is the minimum deposit required to open an account with XM?
The minimum deposit required is $5.
Is XM a regulated broker?
XM is regulated by several authorities, including ASIC and CySEC.
What trading platforms does XM offer?
XM offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
Does XM offer a demo account?
XM provides free demo accounts for practice.
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Our Verdict
XM is a highly reputable broker offering excellent trading conditions. With a low minimum deposit requirement of just 5 dollars, it provides access to a wide range of trading instruments on the well-regarded MetaTrader 4 and 5 platforms.
2. 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.
| 🔎 Broker | 🥇 FBS |
| 📌 Year Founded | 2009 |
| 👤 Amount of staff | 500+ |
| 👥 Amount of active traders | Over 16 million |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | FSC, ASIC, CySEC |
| ↪️ Account Segregation | ✅Yes |
| 📈 Negative balance protection | ✅Yes |
| 📉 Investor Protection Schemes | None |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| 💴 Minor account currencies | ✅Yes |
| 💶 Minimum Deposit | 5 USD |
| 📊 Average deposit/withdrawal processing time | 1-3 business days |
| 💵 Fund Withdrawal Fee | None |
| 🔖 Spreads from | 0.0 pips (ECN account) |
| 💷 Commissions | No commissions (standard accounts) |
| 🔢 Number of base currencies supported | 32 |
| 💳 Swap Fees | Variable |
| 📌 Leverage | Up to 3000:1 |
| 📍 Margin requirements | Varies |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖇️ Order Execution Time | Instant/market execution |
| 🖥️ VPS Hosting | ✅Yes |
| 📈 CFDs Total | 200+ |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, FBS Trader |
| 🖱️ OS Compatibility | Windows, macOS, Android, iOS |
| ⚙️ Forex trading tools | Technical analysis tools, market news, economic calendar |
| 🥰 Live chat availability | ✅Yes |
| 💌 Customer Support Email address | support@fbs.com |
| ☎️ Customer Support Contact Number | Varies by country |
| 💙 Social media Platforms | Facebook, Twitter, Instagram, YouTube |
| ⭐ Languages supported | 20+ |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, videos, tutorials |
| 🤝 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Extensive network |
| 🫰🏻 IB Program | ✅Yes |
| 🛎️ Notable events or teams | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
FBS Minimum Deposit
The minimum deposit amount required to register an FBS Standard trading account is 5 USD. Moreover, the Standard Account is commission-free.
| 🔎 Account | 🥇 Standard |
| 💴 Minimum Deposit | $5 USD |
| 💶 Commissions | None |
| 🚀 Open an Account | 👉 Click Here |
Overall Rating Min Deposit USD 5 Regulators FSC, ASIC, CySEC Trading Platform MT4, MT5, FBS App Crypto Yes Total Pairs 550+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Minimum Deposit | Limited Investor Protection |
| High Leverage | Fees on Some Services |
| Multiple Trading Platforms | Variable Spread Costs |
| Demo Accounts | High Leverage Risks |
Frequently Asked Questions
What trading platforms does FBS offer?
FBS offers a variety of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are available on both desktop and mobile devices.
How can I deposit or withdraw funds with FBS?
FBS supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and electronic payment systems like Skrill, Neteller, and Bitcoin.
Does FBS provide customer support?
FBS offers customer support through live chat, email, and phone. Support is available in multiple languages to assist traders from different regions.
Are there any fees associated with deposits and withdrawals at FBS?
FBS does not charge fees for deposits or withdrawals. However, fees might be applied by payment processors or banks.
Overall Rating Min Deposit USD 5 Regulators FSC, ASIC, CySEC Trading Platform MT4, MT5, FBS App Crypto Yes Total Pairs 550+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Our Verdict
FBS stands out as a versatile forex broker offering a low minimum deposit, high leverage options, and a diverse range of account types.
3. HFM
HF Markets, also known as HFM, is a well-regulated broker known for its robust trading conditions and diverse range of financial instruments, providing a secure and reliable trading environment for both retail and institutional clients.
| 🔎 Brokers Name | 🥇 HFM |
| 📌 Year Founded | 2010 |
| 👤 Amount of Staff | 200+ |
| 👥 Amount of Active Traders | 1,000,000+ |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | FCA, CySEC, DFSA, FSA, FCA, CMA |
| 🌎 Country of Regulation | Multiple countries |
| 📈 Account Segregation | ✅Yes |
| 📉 Negative Balance Protection | ✅Yes |
| 📊 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| 💴 Minor Account Currencies | USD, EUR, GBP, JPY |
| 💶 Minimum Deposit | None |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💵 Fund Withdrawal Fee | Varies |
| ⚙️ Spreads From | 0.0 pips |
| 💷 Commissions | Variable |
| 🔢 Number of Base Currencies | 40+ |
| 🔃 Swap Fees | Varies |
| 🔖 Leverage | Up to 1:1000 |
| 🏷️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Instant - few seconds |
| 💻 VPS Hosting | ✅Yes |
| 📈 CFDs Total | 150+ |
| 📉 CFD Stock Indices | ✅Yes |
| 📊 CFD Commodities | ✅Yes |
| 💹 CFD Shares | ✅Yes |
| ⏩ Deposit Options | Bank transfer, credit/debit, e-wallets, crypto |
| ▶️ Withdrawal Options | Bank transfer, credit/debit, e-wallets, crypto |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 📌 OS Compatibility | Windows, macOS, iOS, Android |
| 📍 Forex Trading Tools | Charting tools, technical indicators, automated trading options |
| 🥰 Live Chat | ✅Yes |
| ☎️ Support Contact Number | Varies by Region |
| 💙 Social Media Platforms | Facebook, Twitter, Instagram, |
| 🔊 Languages Supported | Multiple |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, eBooks, videos, webinars |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous |
| 🫰🏻 IB Program | ✅Yes |
| ⭐ Notable Events or Teams | ✅Yes |
| 💰 Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FSCA, DFSA, FCA, CMA, FSA
Trading Platform
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Minimum Deposit
The minimum deposit amount required to register an HFM live trading account ranges between USD 0 and USD 250 depending on the account type chosen.
| 🔎 HFM Account | 🚀 Open an Account | 💰 Minimum Deposit | 💶 Commission |
| 🥇 Cent Account | 👉Open Account | 0 USD | None |
| 🥈 Zero Account | 👉Open Account | 0 USD | ✅Yes |
| 🥉 Pro Account | 👉Open Account | 100 USD | None |
| 🏅 Pro Plus Account | 👉Open Account | 250 USD | N/A |
| 🎖️ Premium | 👉Open Account | 0 USD | None |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Regulated by Multiple Authorities | Limited to Non-Listed |
| Variety of Account Types | Inconsistent Fees |
| High Leverage Options | Limited Research Tools |
| Competitive Spreads | High Spreads on Some Accounts |
| Low Minimum Deposit | Varied Trading Conditions |
| Educational Resources Available | Fee Structure Complexity |
Frequently Asked Questions
What is HF Markets (HFM)?
HF Markets, previously known as HotForex, is a global forex and commodities broker offering trading in forex, commodities, indices, stocks, and cryptocurrencies.
Is HF Markets (HFM) regulated?
HF Markets is regulated by multiple authorities, including the FCA (UK), CySEC (Cyprus), and FSCA (South Africa).
Does HF Markets offer a demo account?
HF Markets provides a demo account for users to practice trading with virtual funds before using real money.
What trading platforms do HF Markets use?
HF Markets offers trading platforms including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as their proprietary HF App.
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FSCA, DFSA, FCA, CMA, FSA
Trading Platform
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
HF Markets stands out as a well-regulated broker offering a diverse range of account types, high-leverage options, competitive spreads, and a low minimum deposit requirement. With extensive trading instruments and robust customer support, it provides a solid platform for both new and experienced traders.”
4. XTB
XTB is an impressive Forex broker with a robust trading platform, competitive spreads, and a range of educational resources, making it suitable for both novice and experienced traders.
| 🔎 Broker | 🥇 XTB |
| 📌 Year Founded | 2002 |
| 👤 Amount of staff | 1,000+ |
| 👥 Amount of active traders | 495,000+ |
| 📍 Publicly Traded | Warsaw Stock Exchange (WSE) |
| 📈 Regulation | FCA, CySEC, KNF |
| 📉 Country of regulation | UK, Cyprus, Poland |
| 📊 Account Segregation | ✅Yes |
| 💹 Negative balance protection | ✅Yes |
| 💱 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor account currencies | ✅Yes |
| 💶 Minimum Deposit | None |
| ⚡ Average deposit/withdrawal processing time | 1-3 business days |
| 💵 Fund Withdrawal Fee | None |
| ↪️ Spreads from | 0.1 pips |
| 💷 Commissions | Commission-free |
| 💳 Number of base currencies supported | 27 |
| 💰 Swap Fees | Variable |
| 📈 Leverage | Up to 1:500 |
| 📉 Margin requirements | Variable |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Within milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📊 CFDs Total | 2,000+ |
| 💹 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 💱 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets |
| 🖥️ Trading Platforms | xStation 5, MetaTrader 4 |
| 💻 OS Compatibility | Windows, MacOS, Web, iOS, Android |
| ⚙️ Forex trading tools | ✅Yes |
| 🥰 Live chat availability | ✅Yes |
| ☎️ Support Contact Number | Varies by region |
| 💙 Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| ☑️ Languages supported | English, Polish, Spanish |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Trading guides, tutorials, articles |
| 🤝 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Extensive |
| 🫰🏻 IB Program | ✅Yes |
| 🔖 Notable events or teams | ✅Yes |
| 🛎️ Rebate program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.6/5
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Minimum Deposit and Account Types
| 🔎 Account | 🥇 Standard | 🥈 Swap-Free |
| 💰 Min. Deposit | $0 USD | $0 USD |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Well-Regulated | Limited Managed Accounts |
| Broad Range of Trading Instruments | Higher Fees - Pro Accounts |
| Low Minimum Deposit | Limited Trading Platforms |
| No Withdrawal Fees | Varied Spread Costs |
| High Leverage | Complex Fee Structure |
| Excellent Educational Resources | Potential Limited Support Hours |
| Robust Customer Support | Regional Variations |
| Advanced Trading Platforms | No Cryptocurrency Trading |
| Islamic Accounts Available | Potentially Higher Commissions (Certain Accounts) |
Frequently Asked Questions
What is XTB?
XTB is a global forex and CFD broker that provides trading in a wide range of instruments, including forex, commodities, indices, and stocks.
Is XTB a regulated broker?
XTB is regulated by top-tier financial authorities, including the FCA in the UK, the KNF in Poland, and the CySEC in Cyprus.
Does XTB offer a demo account?
XTB offers a demo account that allows traders to practice with virtual funds before trading with real money.
What are the spreads like with XTB?
XTB offers competitive spreads, starting from 0.1 pips on major forex pairs for certain account types.
Overall Rating
- 4.6/5
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
XTB is a highly reputable Forex broker that excels with its strong regulatory framework, offering clients a broad range of over 2,000 trading instruments across CFDs, forex, and more. It features a low minimum deposit requirement and charges no withdrawal fees.
5. OANDA
OANDA is a well-established Forex broker known for its robust trading platforms, comprehensive market research, and competitive trading conditions.
| 🔎 Broker | 🥇 OANDA |
| 📌 Year Founded | 1996 |
| 👤 Amount of staff | Approx. 500+ |
| 👥 Amount of active traders | Over 100,000 |
| 📍 Publicly Traded | New York Stock Exchange (NYSE) |
| 📈 Regulation | FCA, ASIC, CFTC, NFA |
| 🌎 Country of regulation | UK, Australia, USA, Canada |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative balance protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor account currencies | ✅Yes |
| 💶 Minimum Deposit | None |
| 💱 Average deposit/withdrawal processing time | 1-3 business days |
| 💵 Fund Withdrawal Fee | None |
| ⭐ Spreads from | 0.1 pips |
| 💷 Commissions | No commissions (standard accounts) |
| 💳 Number of base currencies supported | 38 |
| 🔃 Swap Fees | Varies |
| ↪️ Leverage | Up to 1:30 |
| ⏩ Margin requirements | Varies |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⚡ Order Execution Time | Instant |
| 📈 VPS Hosting | ✅Yes |
| 📉 CFDs Total | 50+ |
| 📊 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 💹 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, PayPal |
| 💶 Withdrawal Options | Bank transfer, credit/debit, PayPal |
| 🖥️ Trading Platforms | OANDA Trade, MetaTrader 4, MetaTrader 5 |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Advanced charting tools, technical analysis |
| 🥰 Live Chat | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social media Platforms | Facebook, Twitter, |
| ↪️ Languages Supported | Multiple |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, tutorials, trading guides |
| 🤝 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Multiple |
| 🫰🏻 IB Program | ✅Yes |
| ⭐ Notable events or teams | None |
| 🚨 Rebate program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Platform
MT5, TradingView, OANDA Mobile app
Crypto
Yes
Total Pairs
71
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Minimum Deposit and Account Types
| 🔎 Account Type | 🥇 Standard | 🥈 Elite Trader |
| 💶 Minimum Deposit | None | 10M |
| 💵 Spread-only pricing | ✅Yes | ✅Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Regulated by multiple top-tier authorities | Limited product range |
| Low minimum deposit | Higher spreads on some accounts |
| Wide range of base currencies supported | Inconsistent execution speed |
Frequently Asked Questions
What is the minimum deposit required to open an account with OANDA?
OANDA does not require a minimum deposit to open an account.
Does OANDA offer negative balance protection?
OANDA offers negative balance protection to ensure that traders do not lose more than their account balance.
What are the typical spreads offered by OANDA?
OANDA offers competitive spreads starting from 0.0 pips, depending on the account type and trading conditions.
Does OANDA provide customer support?
OANDA provides 24/5 customer support through live chat, email, and phone.
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Platform
MT5, TradingView, OANDA Mobile app
Crypto
Yes
Total Pairs
71
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
With its strong regulatory framework, low minimum deposit requirement, and competitive spreads, OANDA is a stand-out Broker for traders of all experience levels.
What is a 5-dollar Forex Minimum Deposit?
A minimum deposit when Forex Trading is a required amount (5 USD) of capital that needs to be transferred into a live trading account either to open the account or to start trading. The required minimum deposit amount will differ according to the account type and broker chosen.
Conclusion
Now it is your turn to participate:
- Which USD 5 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 the Deposit options offered?
Regardless, please share your thoughts in the comments below.
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Frequently Asked Questions
Are 5-dollar minimum deposit forex brokers reliable?
Brokers with a $5 minimum deposit can be reliable, but it’s crucial to research and select a reputable, regulated broker. Ensure the broker’s trading conditions, including spreads, leverage, and platforms, meet your trading needs.
Can traders make profits with 5-dollar minimum deposit forex brokers?
Traders can make profits with 5-dollar minimum deposit forex brokers, but it depends on their trading strategy, risk management, and market conditions. Traders should also be aware that trading forex involves a high level of risk, and they should only invest what they can afford to lose.
What are the advantages of using $5 minimum deposit forex brokers?
The main advantage of using $5 minimum deposit forex brokers is that traders can start trading with a small investment, which reduces their risk exposure. Additionally, these brokers often offer low trading fees and commissions, which can help traders save money on their trades.
What are the disadvantages of using USD 5 minimum deposit forex brokers?
Brokers with a $5 minimum deposit may have drawbacks such as limited trading features, higher fees, poor customer support, and a higher risk of scams. They might offer fewer trading tools and less favorable conditions.
Are there withdrawal fees with XM?
XM does not charge withdrawal fees.
Does FBS offer educational resources for traders?
FBS provides educational resources including webinars, trading courses, and market analysis to help traders improve their skills and knowledge.
What are the spreads and commissions like at HF Markets?
HF Markets offers competitive spreads starting from 0 pips on certain accounts and may have commission fees depending on the account type.
Does XTB provide negative balance protection?
XTB provides negative balance protection, ensuring that clients cannot lose more than their account balance.
Does OANDA offer demo accounts?
OANDA provides free demo accounts that allow traders to practice and familiarize themselves with the trading platforms before trading with real money.
Top 4 Brokers
