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11 Best $50 Minimum Deposit Forex Brokers – (Reviewed) 2022

 

Finding the best forex broker which requires a low minimum deposit may be a tough ask, as there are thousands of firms currently offering their services in the Financial Market. In order for any user to start trading, they will need to choose a Forex Broker. A Forex broker will facilitate an investors trades, allowing them access to the marketplace. Not all brokers will require the same minimum deposit. Some brokerages will have a large minimum deposit needed to open an account, whilst others may require a much smaller amount.

Here is an overview of the 11 Best Forex Brokers and Trading Platforms which require a $50 Minimum Deposit

 

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eToro

eToro is a Forex broker headquartered in Tel Aviv, regulated by the Financial Conduct Authority (FCA) and the Investments Commission (ASIC).

Accounts on offer include:

Single CFD Account

Professional Account for those who qualify

Islamic

Trading Platforms on offer include:

  • eToro CopyTrader

Assets available for trade:

  • 53 currency pairs
  • 53 ETFs
  • 12 market indices
  • 7 types of commodities
  • 957 types of stocks

Customer Support is available 24/5 via online form and email respectively.

 

Forex.com

Forex.com is a global FX and CFD broker regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK and the US Commodity Futures Trading Commission (CFTC).

Traders may choose between the Standard account, the Commission account, and the STP Pro Account coupled with two web trading platformsWeb Trader and MetaTrader4.

Pros:

  • Wide range of product offerings
  • TradingView charts built into web platform
  • Regulated by FCA (U.K.) & CFTC, NFA (U.S.)

Cons:

  • No account protection for U.S. clients
  • No guaranteed stop losses for U.S. clients
  • Live chat advertised but unavailable
  • Subpar website maintenance

Assets available for trade include:

  • 80+ currency pairs
  • 220+ equities
  • Commodities
  • Indices
  • Bonds
  • ETFs
  • Sectors
  • Cryptocurrencies
  • Gold & Silver
  • Futures & Futures Options – U.S. (Futures Online)

Customer Support is available online chat and live phone support.

 

FXChoice

FXChoice is a highly-rated online electronic communication network regulated by the IFSC.

Accounts on offer include:

  • Classic
  • Pro

Trading Platforms on offer include:

  • MetaTrader4
  • MetaTrader5

Customer Support is made available via email and online contact form.

 

LiteForex

LiteForex is an established CFD and forex broker registered in the Marshall Islands (registration number 63888) and regulated in accordance with Marshall Islands Business Corporation Act.

Accounts on offer include:

  • ECN Account

Recommended for professional traders and investors. The ECN account offers an interest rate of 2.5% on surplus funds, plus an unlimited duration of transactions and trades are delivered directly to liquidity providers. Traders should take note – only the MT4 platform is available to ECN account holders.

  • Classic Account

The Classic account is available to experienced traders and No interest is paid on surplus funds. With the Classic account no commissions are charged. Both the MT4 and MT5 trading platforms are available.

Trading Platforms on offer include:

  • MetaTrader4
  • MetaTrader5

Assets available for trade include:

  • Currency
  • Commodities
  • Global Stock Indexes
  • Cryptocurrency

Customer Support is made available via email and phone.

 

OctaFX

OctaFX is a Forex ECN broker registered in St. Vincent and the Grenadines, regulated by CySEC. OctaFX offers three main types of trading accounts called MetaTrader4 Micro, MetaTrader5 Pro and cTrader ECN paired with globally recognised trading platforms such as MetaTrader4, MetaTrader5 and cTrader.

Assets available for trade – dependent on the chosen account option.

MetaTrader4 Micro:

  • 28 Currency Pairs
  • 4 Stock Indices
  • 3 Cryptocurrencies
  • 2 Metals

MetaTrader5 Pro:

  • 28 Currency Pairs
  • 10 Stock Indices
  • 3 Cryptocurrencies
  • 2 Metals
  • 2 Energy

cTrader ECN:

  • 28 Currency Pairs
  • 2 Metals

Customer Support is available 24/5 via email, live chat and phone.

Markets.com

Markets.com is an online forex and CFD broker regulated by the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

Account types on offer include: CFD accounts under the Marketsx brand

Trading Platforms on offer include:

  • Marketsx
  • Marketsi
  • MT4
  • MT5

Assets available for trade include:

  • 67 currency pairs
  • Six cryptocurrencies
  • 26 commodities
  • 2,007 equity CFDs
  • 42 index CFDs
  • 59 ETFs
  • 21 Blends

Customer support is available 24/5 via phone support or live chat.

 

LMFX

LMFX is a stock and forex broker which offers low fees and high leverage.

Accounts on offer include:

Premium Account

  • Personal account manager
  • Minimum deposit $50
  • Spreads from 1 pip
  • 1:1000 leverage
  • Flexible bonuses
  • No commission

Fixed Account

  • Personal account manager
  • Minimum deposit $250
  • Flexible bonuses
  • No commission
  • 1:400 leverage
  • Fixed spreads

Zero Account

  • Personal account manager
  • Minimum deposit $100
  • $4 commission per lot
  • Flexible bonuses
  • 1:250 leverage
  • Raw spreads

 

All coupled with the ever-popular MetaTrader4 trading platform.

Assets available for trade include:

  • 48 forex pairs
  • 7 major pairs
  • 21 minors
  • 20 exotics
  • 5 CFDs on commodities
  • 3 energy CFDs
  • 4 precious metal pairs
  • 9 global stock indices
  • 36 stock CFDs
  • 15 NYSE shares
  • 11 NASDAQ stocks
  • 10 assets from the London Stock Exchange.

Customer Support is made available via phone and email respectively.

 

FxNet

FxNet is an online forex broker regulated by the IFSC.

Account types on offer include:

Standard Account

  • Spreads from 2.3 pips
  • Minimum deposit $50
  • Leverage up to 1:500
  • All instruments
  • Limited support
  • No commission

VIP Account

  • Spreads from 1.9 pips
  • Minimum deposit $10,000
  • Leverage up to 1:500
  • All instruments
  • Full support
  • No commission

Platinum Account

  • Spreads from 0 pips
  • Minimum deposit $25,000
  • Leverage up to 1:500
  • All instruments
  • Excellent support
  • 1.2 pips commission

Coupled with the Industry leading MetaTrader4 trading platform.

Customer Support is available 24/5 via email and phone.

 

TFI Markets

TFI Markets Ltd is a CySEC regulated financial institution which provides multi-platform currency trading.

Accounts on offer include:

  • Standard
  • Mini
  • Demo

Trading Platforms on offer are:

  • Proprietary Platform
  • MetaTrader4

Assets available for trade:

  • CFDs
  • Commodities
  • Metals
  • Oil
  • Gold
  • Binary Options

Customer Support is made available 24/5 via email.

 

MultiBank Group

MultiBank Group (MultiBank) is a Forex and CFD broker  regulated in many jurisdictions including Germany, the British Virgin Islands and the Cayman Islands.

3 different account types are on offer:

  • ECN Pro account
  • MultiBank Pro account
  • Maximus account

Trading platforms on offer include:

  • MetaTrader4
  • Proprietary Trading Platform

Assets available for trade:

  • CFDs
  • Commodities
  • Metals
  • Stocks
  • Oil
  • Gold
  • Indices

Customer Support is available via phone.

 

Boston Merchant Financial

Boston Merchant Financial is a forex trading services broker regulated by ASIC (AFSL #379035), and FMA in New Zealand (FSP 328066).

Accounts on offer include:

  • Demo account
  • Micro account
  • Standard account
  • Managed account
  • Islamic account

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss

Trading Platforms on offer include:

  • Unitrader
  • MetaTrader4

Assets available for trade include:

  • Major Forex Pairs
  • Metals
  • Energies
  • Agriculture
  • UK Shares
  • US Shares
  • German Shares
  • Japanese Shares

Customer Support is available via email, live chat and phone.

 

XM

XM is a next generation broker for online forex and commodity trading regulated by the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission and the International Financial Services Commission respectively.

Accounts on offer include:

  • Micro Account
  • Standard Account
  • XM Ultra Low Account

Trading Platforms on offer include:

  • MetaTrader4
  • XM WebTrader 4
  • XM MT4 Multiterminal
  • MT5

Assets available for trade:

  • Over 1000 financial instruments
  • Forex Trading
  • Stocks CFDs
  • Commodities CFDs
  • Equity Indices CFDs
  • Precious Metals CFDs
  • Energies CFDs
  • 55 currency pairs

Note – XM does not offer binary options or futures.

Customer Support is made available via phone, email and live chat.

 

HotForex

HotForex and HF Markets are unified brand names of the HF Markets Group regulated by FCA UK, DFSA, CySEC, FSCA and SFSA.

6 different Accounts are on offer, namely:

  • Micro
  • Premium
  • Zero Spread
  • Auto
  • PAMM (Premium)

HFcopy 3 core trading accounts:

  • Premium
  • Zero Spread
  • Premium Pro

Coupled with the industry leading trading platforms: MetaTrader4 and MetaTrader5

Assets available for trade include:

  • 49 Forex pairs
  • 8 Commodities
  • 11 Indices
  • 56 Shares
  • 3 Bonds
  • 4 Cryptocurrency CFDs.

Multilingual Client Support is available 24/5 via Live Chat, Telephone, Email and an Online Contact Form.

 

AAFX Trading

AAFX Trading is a registered company situated in St. Vincent and the Grenadines and offers 3 types of commission-free trading accounts. Traders can trade on Forex ECN, Stocks, Indices, Commodities and Bitcoin on the MetaTrader 4 trading platform.

Accounts on offer include:

  • Fixed Account
  • ECN Account
  • VIP Account

Assets available for trade include:

  • 42 Forex ECN pairs
  • CFD trading on 11 Indices
  • 15 Commodities
  • 1 Cryptocurrency
  • 197 Stocks

Customer Support is available 24/5 via Live Chat, Phone, Skype and Email.

 

Trio Markets

TrioMarkets is a CySEC-regulated online ECN trading broker.

Accounts on offer include:

  • Basic
  • Standard
  • Advanced
  • Premium

Coupled with the MetaTrader 4 (MT4) platform and two additional add-ons; MT4 Trio Xtend and an MT4 web-based alternative.

Assets available for trade:

  • Over 60 major, minor and exotic currency pairs
  • Commodities –  gold, silver, crude oil or natural gas
  • Cryptocurrency – Bitcoin, Ethereum, LiteCoin and Ripple
  • Major indices including the FTSE, DAX, & NASDAQ
  • A wide range of CFDs

Customer Support is made available 24/5 via phone, email and live chat.

There are multiple reasons why traders would look for forex brokers with low minimum deposits. The main reason would be for new traders who are still learning about the Forex Markets and trading overall. Luckily as seen in the list seen above, there are several forex brokers who offer low minimum deposit accounts.

Traders should take multiple factors into account before making their final choice in Broker. Including:

  • Regulations
  • Spread
  • Leverage
  • Min Lot Size
  • Education
  • Support

What are the benefits of trading with a minimum deposit account?

  • Experience

Experience is one of the most important factors to consider when trading forex. Trading with smaller amounts will allow traders to gain experience while minimizing their losses. Once a trader has acquired enough experience, they can then proceed to use larger amounts to trade.

  • Experimentation

Trading with smaller amounts is not just useful to beginner traders. Experienced traders can trade with small amounts when they want to try out a new trading strategy.

For Traders who are still looking for a Minimum Deposit Forex Broker, there are options available for less than $50. Here is an overview of 6 More mention worthy Forex Brokers and Trading Platforms which require a minimum deposit of $50 or less.

 

RoboForex

Regulation: IFSC

Broker type: MM, STP, ECN

Platforms: MetaTrader4, MetaTrader5, cTrader

RoboForex is a multi-asset online broker regulated by the International Financial Services Commission (IFSC) of Belize.

Accounts on offer include:

  • Prime
  • ECN
  • R Trader
  • Pro-Cent
  • Pro-Standard

Assets available for trade include:

  • 35+ Currency Pairs
  • 9 Crypto Pairs
  • 4 Indices CFDs
  • 2 Crypto Indices CFDs
  • 2 Metal Spot CFDs
  • 2 Energy Spot CFDs
  • 8500+ Stock CFDs
  • 350+ ETF CFDs

Customer Support is made available via email, phone, Call-back request, Live chat, Telegram, Facebook Messenger, Skype, Whatsapp, and Viber.

 

IQ Option

Regulation: FCA, CySEC, CONSOB, CNMV, AFM

Broker type: STP, Binary

IQ Option is a forex & binary options broker which accepts clients from all over the world.

Accounts on offer include:

  • Standard trading account
  • VIP account
  • Demo account

All accounts are paired with the company’s own proprietary trading platform.

Assets available for trade include:

  • 90+ Currency Pairs
  • 17 Crypto Pairs
  • 5 Indices CFDs
  • 3 Metal CFDs
  • 2 Energy CFDs
  • 1 Soft CFD
  • 130+ Stock CFDs
  • 28+ ETF CFDs

Underlying assets for Binary Options trading (not available for EU residents).

  • 30+ Currency Pairs
  • 2 Indices BOs
  • 2 Metal BOs
  • 20+ Stock BOs

Customer Support is made available 24/7 via live chat, phone and email.

 

NordFX

Regulation: VFSC

Broker type: STP

Platforms: MetaTrader4, MetaTrader5

NordFX is a forex & CFD brokerage company regulated by the Vanuatu Financial Services Commission (VFSC).

Accounts on offer include:

  • Fixed Account
  • Pro Account
  • Zero Account

Paired with the following Trading Platforms:

  • MetaTrader4
  • MetaTrader5

Assets available for trade include:

  • 30+ Currency Pairs
  • 11 Crypto Pairs
  • 5 Indices CFDs
  • 2 Metal CFDs
  • 1 Energy CFD
  • 60+ Stock CFDs

Customer Support is made available via web chat, via various social channels and phone.

 

IronFX

Regulation: ASIC, FCA, FSCA

Broker type: STP, ECN

Platforms:  MetaTrader4

IronFX is a forex & CFD broker regulated by the respective financial regulators in the countries they are based in.

Accounts on offer include:

  • Micro
  • Premium
  • VIP
  • Zero Fixed

STP/ECN trading account types:

  • No Commission
  • Zero Spread
  • Absolute Zero

Assets available for trade include:

  • 80+ Currency Pairs
  • 5 Currency Futures
  • 16 Indices Cash CFDs
  • 9 Indices Futures
  • 6 Metal CFDs
  • 1 Metal Future
  • 3 Energy CFDs
  • 3 Energy Futures
  • 8 Soft Futures
  • 100+ Stock CFDs

Customer Support is available 24/5 in 30 different languages via Email, Phone and Live Chat.

 

Admiral Markets

Regulation: ASIC, FCA, EFSA, CySEC

Broker type: STP

Leverage: up to 1:500

Platforms: MetaTrader4, MetaTrader5

Admiral Markets is a forex and CFD broker which holds a license with the Financial Conduct Authority (FCA), the Estonian Financial Supervision Authority, the Cyprus Securities and Exchange Commission (CySEC), plus the Australian Securities and Investments Commission (ASIC).

Accounts on offer include:

  • Trade.MT4
  • Zero.MT4
  • Trade.MT5
  • Zero.MT5

Each coupled with the trading platform suggested in its name.

Assets available for trade include:

  • 45+ Currency Pairs
  • 8 Crypto Pairs
  • 16 Indices Cash CFDs
  • 4 Indices Futures
  • 5 Metal Spot CFDs
  • 3 Energy Spot CFDs
  • 2 Bond Futures
  • 3300+ Stock CFDs
  • 350+ ETF CFDs

Customer Support is made available via Email, Phone, Live Chat and Feedback Form.

 

FXTM

Regulation: FCA, CySEC, FSC, FSCA

Broker type: STP, ECN

Platforms: MetaTrader4, MetaTrader5

FXTM is a global online broker regulated by  the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission (FSC) and the Financial Sector Conduct Authority (FSCA).

Accounts on offer include:

  • Standard
  • ECN

Assets available for trade:

  • 55+ Currency Pairs
  • 4 Crypto Pairs
  • 15 Indices CFDs
  • 5 Metal Spot CFDs
  • 3 Energy Spot CFDs
  • 150+ Stock CFDs

Customer Support is made available via phone and email respectively.

 

You might also like: BEST HIGH LEVERAGE FOREX BROKERS REVIEW

 

In Conclusion

Trading with small amounts is a smart move, especially for beginner traders. By investing with small amounts, traders will not only gain experience in the real trading market, but they will do so whilst protecting themselves from big financial losses.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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