Best Micro Forex Account Brokers
|Rank||Broker Name||Trust Score||Reviews|
|1||XM||99 / 100||XM Reviews|
|2||InstaForex||80 / 100||InstaForex Reviews|
|3||LiteForex||75 / 100||LiteForex Reviews|
|4||FXGlobe||88 / 100||FXGlobe Reviews|
|5||HotForex||94 / 100||HotForex Reviews|
The above table contains the top ranked forex brokers in our database for opening a micro account.
What is a micro forex account?
A micro account is the smallest possible real money account that you can trade with.
Micro accounts generally require a deposit amount no more than $100 which means that a lot of people can comfortably get started trading with real money but without a lot of investment.
Micro accounts also allow users to trade "micro lots" which are a 1/100th on a standard lot (0.01), meaning that every movement in currency prices only reflects a small profit or loss. We have assessed the brokers in our database to score them in the following categories:
- Currency pairs - The number of currency pairs available to trade
- Minimum deposit - How much is required to open an account
- Spreads - How low the spreads are for major currency pairs compared to other accounts