Best Forex Brokers with Micro Accounts

Micro accounts allow traders to start forex trading with very small position sizes, typically 1,000 units of the base currency (0.01 standard lots). They are ideal for beginners testing strategies with minimal risk or for experienced traders wanting precise risk control.

This article highlights the best forex brokers offering micro accounts, their features, minimum deposits, and why micro trading suits a variety of traders.

Why Choose a Micro Account?

Low risk exposure with smaller lot sizes
Ideal for beginners learning live trading
Flexible position sizing for detailed risk management
Ability to test strategies with real money without large capital

Top Forex Brokers Offering Micro Accounts

1. FBS

Minimum Deposit: $1
Platforms: MT4, MT5
Features: Cent accounts, bonuses, social trading support
Why Choose: Ultra-low minimum deposit, beginner-friendly

2. XM

Minimum Deposit: $5
Platforms: MT4, MT5
Features: Micro accounts with leverage up to 1:888
Why Choose: Strong education, low entry, multiple account options

3. Exness

Minimum Deposit: $1
Platforms: MT4, MT5
Features: Instant withdrawals, flexible leverage, cent accounts
Why Choose: Fast execution and good for automated trading

4. HotForex (HFM)

Minimum Deposit: $5
Platforms: MT4, MT5
Features: Multiple account types including micro and cent accounts
Why Choose: Good educational resources, wide asset range

5. FXTM (ForexTime)

Minimum Deposit: $10
Platforms: MT4, MT5
Features: Micro and cent accounts, copy trading
Why Choose: Strong regional presence and support

6. RoboForex

Minimum Deposit: $10
Platforms: MT4, MT5, cTrader
Features: Pro-Cent accounts with micro lot trading
Why Choose: Multiple platform support and automation-friendly

7. InstaForex

Minimum Deposit: $1
Platforms: MT4, MT5
Features: Micro and cent accounts, bonuses
Why Choose: Simple setup and good for small capital traders

8. FXChoice

Minimum Deposit: $100
Platforms: MT4, MT5
Features: Micro account available with ECN execution
Why Choose: Transparent pricing and good liquidity

Key Takeaways

Micro accounts allow smallest trading sizes (0.01 lots) perfect for low-risk exposure
Most brokers with micro accounts offer minimum deposits between $1 and $10
Ideal for beginners, strategy testers, and automated traders
Platforms like MT4 and MT5 dominate micro account support
Check for broker regulation and withdrawal policies before opening an account

Frequently Asked Questions

What is a micro account in forex?

A micro account lets you trade positions as small as 1,000 currency units (0.01 lots), minimizing risk.

Which brokers offer micro accounts?

FBS, XM, Exness, HotForex, FXTM, RoboForex, InstaForex, and FXChoice offer micro accounts.

Can I start trading forex with $1?

Yes, some brokers like FBS and Exness allow opening micro accounts with as little as $1.

Are micro accounts suitable for beginners?

Yes, they allow beginners to learn live trading without risking large capital.

Do micro accounts have different spreads or fees?

Spreads and fees are typically similar to standard accounts but always check broker terms.

Best Forex Brokers with Micro Accounts

Why Choose a Micro Account?