To open a real account for trade FX, the key point that a forex trader looks at the broker is the required minimum deposit. A minimum deposit attracts the traders in multiple ways as a well-regulated, reputable broker offers various account types, trading assets, and market conditions.
Every trader wants to find out a forex broker that will be appropriate for his trading strategies and expectations. But just to read out reviews is not enough. Brokers that come with multiple benefits, trading assets, opportunities and offer low minimum deposits may deserve a try.
To know about the four best Forex brokers with a $1 minimum deposit, stay with us until the end.
Five best forex brokers with a $1 minimum deposit
Exness, a well-regulated forex broker by Financial Service Authority or FSA, requires a low minimum deposit of $1. It let the traders trade forex and CFDs on Metals, Energies, Stocks, and many others. It supports marketing platforms including MetaTrader 4 and MetaTrader 5 for Windows, IOS, Android, Mac, Linux, and Exness Web Terminal.
Moreover, it offers traders five types of accounts: Standard account, professional account, Islamic swap-free account, and demo account. It let the traders trade over 105 instruments also over 103 currency pairs. Exness supports various languages, including Russian, Malay, Chinese, Indonesian, English, Urdu, Vietnamese, Thai, Korean, and many others through chat and emails.
FBS is an authorized and regulated broker by CySEC and IFSC that lets traders trade on Forex, Indices, Metals, and stocks on different marketing platforms, including MetaTrader 4 MetaTrader 5.
It supports five types of accounts, including Cent, Micro, zero spread, ECN, and Standard accounts that offer a variety of marketing assets and opportunities. Moreover, a demo account and Islamic swap-free accounts are also offered.
Customer support service is available 24/7 hours via online Live chat, Messenger, Telegram, Veterans, or Facebook.
Roboforex is an international broker that allows the trade to trade on forex and CFDs marketing. It is well-regulated by International Financial Service Authority or IFSA. Traders can open a real account with a low minimum deposit of $1 with RoboForex. However, it also offers a demo account for the traders who would like to be familiar with the market. It is beneficial for all levels of traders, from professionals to beginners, as they can trade over 35 currency pairs and 100 instruments.
It offers accounts including Micro, Mini, Standard, Zero, demo, Islamic swap, ECN, and STP also the trading platforms MetaTrader 4 and MetaTrader 5.
Admiral Markets is well-regulated by FCA, ASIC, EFSA, and CySEC, which offers different trading accounts, including Mini, Micro, Standard, STP, ECN, and Demo accounts. It also supports both meta trading platforms; MetaTrader4 and MetaTrader 5. A trader can trade over 40 currency pairs and over 148 instruments.
There are hundreds of brokers that offer low minimum deposits, but which is best for your trade? We have discussed the four best forex brokers above, choose according to your trading strategies and favorable market conditions, and trade effectively. Click to learn more