Best micro account forex brokers 2023

Forex micro accounts allow you to trade with small amounts of money and are a top option for beginners just starting out. This page picks the ten best micro account forex brokers.
Updated: Feb 10, 2023

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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

  1. eToro: Best for beginners, copy-trading & demo-account
  2. Capitality: Best for trading like a pro

What are the best micro account forex brokers?

You can find our team of forex experts’ recommendations below. Each broker offers micro accounts and are the top-rated platforms to use in 2023. Click on any of the links to open a micro lot forex account in just a few minutes.

Min. Deposit
$ 10
Best offer
User Score
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:

77% of retail CFD accounts lose money.

Min. Deposit
$ 250
Best offer
User Score
Muti asset broker with the top currencies at your fingertip
Forex Trading - Available 24/7 with 0% trading fees
Dedicated Senior Account manager to guide you through the platform
Start Trading
Payment Methods:
Credit Card, Debit Card
Full Regulations:
HCMC in Greece
Min. Deposit
$ 0
Best offer
User Score
Open a free account in minutes
Go global with fee-free foreign exchange
Finance tracking made simple
Start Trading
Payment Methods:
Credit Card, Debit Card
Full Regulations:

Top 10 forex brokers with micro accounts

1. eToro. Best for beginners, copy-trading & demo-account


No. assets


Minimum deposit


Platform type

Pros & Cons

Popular ‘Copytrader’ function so users can follow top traders Mobile platform has great functionality Minimum first time deposit of $200 Expedient customer service, with live chat support provided Over 2,000 CFDs available to trade
Does not provide the MetaTrader platform High spreads on some assets Comparatively high fees for withdrawals and account inactivity


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.

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 CFD 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.

77% of retail CFD accounts lose money.

2. Capitality. Best for trading like a pro

capitality logo


No. assets


Minimum deposit


Platform type

Pros & Cons

Trade 2000+ CFDs in six markets Access institutional quality web trading platform Comprehensive market knowledge and education section
Unregulated offshore broker registered in St. Vincent and the Grenadines Relatively high initial deposit required


We love Capitality because it gives regular investors the means to trade with pro data and tools. Capitality offers 2100+ financial instruments, including 80 currency pairs. 

The Capitality web trading terminal gives you access to live market data, real time quotes, and super-fast trade execution, all without needing to download anything. There’s also a free economic calendar that lets you know when the big financial events happen so you can plan your trades accordingly.

The fees: Capitality charges its fees through the spread. Spreads start from 0.1 pips for major forex pairs but can be significantly higher for minor and exotic pairs.

What is a forex micro account broker?

A 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?

The 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?

The 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?

The 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?

The 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?

Now 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. 

  • Regulation. Choosing a broker regulated by a reputable financial authority, such as the Financial Conduct Authority (FCA) in the UK, is important. This helps to ensure that your funds are safe and that you are protected from any fraudulent activity.
  • Spreads and commissions. Compare the spreads and commissions different brokers charge to ensure you get the best value for your trades. Lower spreads and commissions will result in lower trading costs, which can increase your profitability in the long run.
  • Leverage. Check the maximum leverage offered by the broker. While higher leverage can result in greater potential profits, it also increases the risk of losses.
  • Platforms and tools. Look for a broker that offers a reliable trading platform and helpful trading tools, such as charts, technical indicators, and news feeds. Some of the most popular forex trading platforms include MT4 and TradingView.
  • Customer support. Good customer support is essential, especially if you are a beginner trader. Find a broker who provides fast and helpful support through various channels, such as email, phone, and live chat. You can always check before registering by speaking with live chat. 
  • Payment processing. Some brokers charge for depositing or withdrawing money from your forex trading account. When using a micro account, every penny counts and payment fees could quickly eat into your profits, so use a broker with low or no fees. 

Should I use a forex micro account broker?

Yes, 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?

The 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.


  • Start with a little initial deposit
  • Good to practice new strategies in a live market
  • Trade with leverage
  • Precise lot sizes


What are the fees for using a micro account broker?

Every 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?

We 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.


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Sources & references
Risk disclaimer
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.