Forex Broker offering low minimum deposits

With new brokers coming up these days, many traders want to check them out, but at the same time, they do not want to put a large sum of funds into that broker, just in case they want to test it out before gradually pumping the account. Sure they can do withdraw them, but still withdrawal is another concern factor and let’s be real, we have a very short span of attention. So, here I am, thinking of listing some very good and safe forex brokers where they offer a minimum deposit for the traders to open an account with them.

Fxview — EUR 5

Pros

1. Solid regulatory bodies (CySEC, FCA, BaFin, ACPR, CONSOB)
2. Tight spreads starting from 0.0 pips
3. Lowest commission out of all brokers mentioned — $1/100 per side
4. Withdrawals within 24 hours

Cons

1. Does not offer stocks
2. Does not accept US Clients

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Hotforex — USD 5

Pros

1. Solid regulatory bodies (CySEC, FCA, BaFin, ACPR, CONSOB)
2. Spreads ranging from 0.1–0.3 pips
3. Withdrawals within 24 hours

Cons

1. The commission is higher — $6/lot RT
2. Does not accept US Clients

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XM — USD 5

Pros

1. Regulated with ASIC, CySEC, IFSC, FCA
2. Low fees for stock and CFDs withdrawals
3. Spreads ranging from 0.1–0.3 pips
4. Withdrawals within 24 hours

Cons

1. Inactivity Fees
2. Does not accept US Clients

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Exness — USD 1

Pros

1. Regulated with FSA, CySEC, FCA
2. The cheapest minimum deposit of all
3. Low spreads

Cons

1. Charge withdrawal fees
2. Commission fees for CFDs are quite high
3. Does not accept US Clients
4. Not listed on Stock Exchanges

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There are very well-recognized brokers that deserves a mention, unfortunately, the minimum deposits are quite higher than the other. Should you have no issue paying more funds, you can consider opening an account with:

1. Pepperstone — AUD 200
2. ICM — USD 200

I hope this article helps you out in understanding and choosing the forex broker wisely. While I close this up, I do hope people had a pleasant time reading this topic. Happy trading!