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Top 10 Best Micro Account Forex Brokers 2025
In this guide
- 1. Top 10 Best Micro Account Forex Brokers 2025
- 2. Best micro account FX brokers overall for 2023
- 3. What are the best micro account forex brokers?
- 4. Top 10 forex brokers with micro accounts
- 5. What is a forex micro account broker?
- 6. What are the benefits of using a micro account forex broker?
- 7. How should I choose a micro account forex broker?
- 8. Should I use a forex micro account broker?
- 9. Methodology: How did we choose the best micro account forex brokers?
- 10. FAQs
Trade your favourite markets with our top-rated broker, .
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Micro accounts offered by the best forex brokers allow users to trade with a contract size of just 1000 units of currency. Due to their popularity, lots of brokers have started to offer them.
Our forex experts have investigated many of the leading brokers and picked the 10 best micro account forex brokers you can use right now.
Best micro account FX brokers overall for 2023
Copy link to sectionWhat are the best micro account forex brokers?
Copy link to sectionYou can find our team of forex experts’ recommendations below. Each broker offers micro accounts and are the top-rated platforms to use in 2025. Click on any of the links to open a micro lot forex account in just a few minutes.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Plus500
CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Top 10 forex brokers with micro accounts
Copy link to sectionWe found 4 forex brokers for users based in
1. eToro. Best for beginners, copy-trading & demo-account
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Overview
We love eToro because it’s an easy place to trade the currency markets. Forex can be intimidating, but eToro strips back the complexity to give you a platform where you can trade 50+ currencies at competitive prices and with up to 30x leverage*.
*CFDs trading is restricted for US users.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see how all the major and minor forex pairs are performing every day, track how investors feel about every one of those currencies, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: eToro charges a fee on currency trades through the spread. Spreads are variable depending on the currency and start from 1 pip for EUR/USD trades, 1.5 pips for EUR/GBP, and 2 pips for GBP/USD. Overnight and weekend fees apply.
Highlights
| No. of tradable assets | 3600+ |
| Min. Deposit | $100 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | ASIC, FCA, CySEC, FinCEN |
Fees & Costs
| Trading fees | Yes, on certain assets |
| Inactivity fees | Yes |
| Rollover/overnight fees | Yes, on CFDs |
| Withdrawal fees | Yes |
| Spreads | Yes, on certain assets |
| Conversion fees | Yes, for non-USD currencies |
Pros & Cons
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2. Plus500. Best for international trading*
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Overview
We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you trade. Its technology driven platform gives access to forex futures for over 10 symbols.
Plus500 has something for all types of forex traders, no matter what level of experience. Its low margin requirements (starting at $40) and different contracts make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting.
For accurate instrument availability, visit plus500.com.
The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website.
*Based on a comparison of 60+ leading brokers and trading platforms.
Highlights
| No. of tradable assets | 2800+ |
| Min. Deposit | $100 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | FSA, ASIC, FMA, FCA, CySEC |
Fees & Costs
| Trading fees | No |
| Inactivity fees | Yes |
| Rollover/overnight fees | Yes |
| Withdrawal fees | No |
| Spreads | Yes |
| Conversion fees | Yes |
Pros & Cons
This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.
What is a forex micro account broker?
Copy link to sectionA forex micro account broker is a type of forex broker that offers the smallest kind of forex trading account, with a minimum trading size that is lower than the standard account. A micro forex account typically allows traders to trade in small increments, with a minimum trading size of 1000 units of the base currency.
This makes it a popular option for beginner traders or those who want to trade with a limited amount of capital, as they can test the waters of forex trading with a lower risk.
Micro accounts are also a good choice for traders who want to try out a new trading strategy or test the trading platform offered by the broker without committing a large amount of capital. The use of micro accounts in forex trading has increased in popularity in recent years, as it allows traders to participate in the forex market without having to risk large sums of money.
What is the difference between a forex micro account and a mini account?
Copy link to sectionThe main difference between the two lies in the minimum trading size. A micro forex account allows traders to trade with a minimum trading size of 1000 units of the base currency, while a forex mini account has a larger minimum trading size, usually 10,000 units of the base currency.
This means that with a mini account, traders need to have a larger amount of capital to trade and take on a higher risk level than a micro account.
What is the difference between a forex micro account and a standard account?
Copy link to sectionThe key distinction between the two is the minimum trading size or the smallest lot size that a trader can trade. In the case of a micro forex account, the minimum lot size is usually set at 1,000 units of the base currency.
In contrast, a standard forex account usually has a minimum lot size of 100,000 units of the base currency, making it necessary for traders to have a substantial amount of capital to trade.
How much does a micro lot cost in forex?
Copy link to sectionThe cost of a micro lot in forex trading will vary depending on the currency pair being traded. A micro lot is 1000 units of the base currency in a forex pair. For example, in the EUR/USD pair, a micro lot would consist of 1000 units of Euros. The cost of a micro lot will also be influenced by the spread and any commissions charged by the broker.
As an example, let’s consider the EUR/USD currency pair. If the bid price for EUR/USD is 1.2100 and the ask price is 1.2105, the spread would be 5 pips. If you were to trade a micro lot of EUR/USD, a 1 pip move in the currency pair’s price would result in a 10-cent change in the value of your trade (1 pip x $0.10 per pip).
What are the benefits of using a micro account forex broker?
Copy link to sectionThe main benefit of using a micro account is you can get started with little money as the minimum requirements are low. There are also several other benefits associated with micro forex accounts, which you can find below.
- Low minimum deposit. When using a micro trading account, you won’t be required to deposit a large sum of money, meaning you get started with a small amount of initial capital.
- Less risk. Micro accounts mean you can take on smaller positions to manage your risk more effectively.
- Flexibility. With other types of forex accounts, you may be unable to trade precise lot sizes. This isn’t an issue when using a micro account which offers flexibility and precision.
- Ideal for beginners. Micro accounts are suitable for beginner traders who are still learning the ropes of forex trading and want to practice their strategies with smaller trades.
- Easier to learn. By trading with a micro account, you can gain practical experience in the forex market and develop your trading skills without risking a large amount of capital.
- Practice in live conditions. You can use a demo account to practice a new strategy or improve your trading; however, you can use a micro account to practice in a live market with minimal risk.
How should I choose a micro account forex broker?
Copy link to sectionNow that you know what a micro account forex broker is, the benefits of using one, and the difference compared to other broker types, you can consider the following features to help you choose the right platform.
1. True micro lots
Copy link to sectionIt may sound obvious, but the most important thing to consider when choosing a micro lot forex broker is confirming it truly offers micro lots. Some brokers claim it will let you trade micro-lots, but when you check its account options, only mini or standard lots are available.
You want to choose a broker that clearly offers 0.01 lot sizes. I’ve had personal experience with this in my early days. I started with a broker that advertised micro lots, only to discover I was forced into trading larger sizes than I was comfortable with.
2. Low minimum deposits
Copy link to sectionThe main advantage of micro lot trading is that you don’t need a huge amount of capital to get started. Brokers all have different minimum deposit requirements, but if you want to trade micro lots, look for a platform that lets you add between $10 and $100.
When I first started trading I didn’t want to risk lots of money so I shopped around and only went with brokers that had low entry requirements. Some brokers these days let you start with a minimum deposit of just $1.
3. Tight spreads
Copy link to sectionIt’s unlikely you’ll make massive profits when using a micro account forex broker so spreads and other fees are even more important because the margins are smaller. Every pip counts with a mico lot so high spreads will quickly eat away at your profits.
When I was trading micro accounts, I specifically looked for brokers with tight spreads on the majors. It’s not uncommon for brokers to widen spreads on micro accounts compared to standard accounts.
Make sure you’re not penalized for trading small and shop around before committing to a micro account forex broker.
4. Good leverage options
Copy link to sectionYou’ll need to use leverage to maximize your returns on smaller trades. Most forex brokers offer leverage on micro accounts, but I recommend you find one that offers flexible leverage options. Anywhere between 1:30 – 1:500 is a good starting point.
While you need leverage, as someone who has used leverage wisely and recklessly, I can assure you that just because you can use high leverage, doesn’t mean you should. If you’re a beginner, start low. 1:30 – 1:100 is ideal.
5. Look for swap free accounts
Copy link to sectionIf you plan on building your capital by holding trades overnight you should pay attention to swap fees. It’s not uncommon to find forex brokers offering swap free micro accounts, which can be a great help for longer term trades.
Pepperstone is a good option for this. You can trade micro lots on its swap free (Islamic) account. But, it has an average spread of 1 – 1.2 pips of EUR/USD so bear that in mind.
7. Educational resources
Copy link to sectionChances are, if you’re looking for a micro account forex broker you’re in the early stages of your trading career. This means you’ll still be learning the ropes and one way to do that is through educational resources.
During my early days, I always valued brokers who had detailed tutorials, webinars, and good customer support. I learnt valuable skills from watching webinars held by professionals like David Jones from IG when I was trading small. Brokers with good educational tools can speed up your learning curve massively.
8. Tier 1 regulation
Copy link to sectionSecurity and regulation are important, even if you’re trading small sizes. Always check if the broker you’re considering is regulated by a reputable regulator like the FCA, CySEC, or the SEC. Just because you’re using a micro account doesn’t mean you should compromise on regulation.
A regulated mico account broker will offer additional protection like segregated funds and compensation schemes. Start as you mean to continue and only use licenced forex trading platforms.
Should I use a forex micro account broker?
Copy link to sectionYes, using a micro account broker can be a good idea, especially if you are new to forex trading or want to learn the basics without risking too much money. With a micro account, you can start trading with a smaller amount of capital and still experience the real-world dynamics of the forex market.
This allows you to develop your trading skills and test your strategies without taking excessive risks. Micro accounts also offer greater flexibility in trade size and lower costs, making it easier for you to manage your risk and increase your profitability over time.
What are the risks of using a forex micro account broker?
Copy link to sectionThe main risk of using a micro account to trade the forex market is your limited profit potential. With a micro account, it will be difficult to earn large sums of money that can be had when using a standard account. Here are a few pros and cons of FX micro accounts.
Benefits
Copy link to section- Start with a little initial deposit
- Good to practice new strategies in a live market
- Trade with leverage
- Precise lot sizes
Risks
Copy link to sectionWhat are the fees for using a micro account broker?
Copy link to sectionEvery forex micro account broker will have a different fee structure, varying from platform to platform. Most brokers will charge spreads or commissions, or a combination of both.
Other fees may include payment processing charges such as deposit or withdrawal fees or recurring costs to access premium services, including advanced charting packages. However, these will be optional for most traders using a micro account.
Methodology: How did we choose the best micro account forex brokers?
Copy link to sectionWe conducted a thorough evaluation process to determine the top micro account brokers. Our team of experts tested each broker on our list, carefully examining various aspects of their services. The evaluation process involved registering an account, depositing funds, executing trades, and withdrawing money. We also double-checked all broker licenses and certifications.
Our evaluation was not solely based on our own findings but also took into account online reviews and research. You can find an in-depth analysis of each of the brokers we have included in our comparison guide. Our rankings and reviews are not swayed by any broker, though we may receive an affiliate commission if you choose to click on a link and open an account. Please visit our full review process page for further information about our methodology.
