Forex Brokers with No Minimum Deposit

Forex brokers with no minimum deposit requirements allow traders to open live accounts and start trading without needing to fund a large initial amount. These brokers are ideal for beginners or those wishing to test strategies with minimal financial risk.

This article lists some of the best forex brokers with no minimum deposit, along with their key features and considerations.

Benefits of No Minimum Deposit Brokers

Low barrier to entry for new traders
Opportunity to practice live trading without large capital
Flexibility to fund accounts as per your budget
Suitable for testing broker platforms and services

Top Forex Brokers with No Minimum Deposit

1. FBS

Minimum Deposit: $1
Platforms: MT4, MT5
Features: Cent accounts, bonuses, social trading

2. Exness

Minimum Deposit: $1
Platforms: MT4, MT5
Features: Instant withdrawals, variable leverage

3. XM

Minimum Deposit: $5 (close to zero)
Platforms: MT4, MT5
Features: Multiple account types, educational resources

4. OctaFX

Minimum Deposit: No official minimum but recommended $25
Platforms: MT4, MT5
Features: Low spreads, bonus programs

5. HotForex (HFM)

Minimum Deposit: $5
Platforms: MT4, MT5
Features: Multiple account types, bonuses, webinars

6. RoboForex

Minimum Deposit: $10
Platforms: MT4, MT5, cTrader
Features: ECN accounts, social trading

Important Considerations

No minimum deposit doesn’t mean no trading costs—consider spreads and commissions
Some brokers restrict features or bonuses on ultra-low deposit accounts
Always verify the broker’s withdrawal policies and fees
Ensure broker regulation and reputation for safety

Key Takeaways

Brokers like FBS and Exness offer the lowest entry barriers with $1 minimum deposits
No minimum deposit accounts are ideal for beginners and testing
Understand the full cost structure before funding your account
Choose regulated brokers with transparent terms

Frequently Asked Questions

Can I start forex trading with $1?

Yes, brokers like FBS and Exness allow starting with as little as $1.

Are no minimum deposit brokers safe?

If regulated by authorities like FCA or CySEC, yes.

Do no minimum deposit accounts have limited features?

Some brokers limit bonuses or leverage on very low deposit accounts.

Can I withdraw profits from a $1 deposit account?

Yes, but you must meet the broker’s withdrawal conditions.

How to find brokers with no minimum deposit?

Check broker websites and verified reviews for minimum deposit details.

Forex Brokers with No Minimum Deposit

Benefits of No Minimum Deposit Brokers