Forex Micro Account | Micro Forex Brokers

In a Forex Micro Account, the units are shown in micro lots. This type of account allows you to trade 1,000 units while the Standard account requires at least 100,000 units to start trading. This will benefit new forex traders who want to open a real trading account with a $5 deposit and trade up to 0.01 lot.

Micro accounts are usually used by new as well as expert traders who want to test their trading strategies by making small trades. The low deposit requirement for a micro account allows new traders to adjust the risks of forex trading.

Micro account holders can learn and practice forex trading better. We have compiled a list of the Micro forex brokers to help you find the most suitable Micro account to suit your trading goals.

XM Broker

Minimum deposit on Micro account is $5
Smallest trade size on Micro account: 0.01 lots
Maximum leverage on Micro account is 1:1000
Tradable markets on Micro account: Forex, Metals, Energies
Spread type in the Micro account: Floating from 1 pip

Trade Forex, Metals, Energies, Stocks, CFDs, Cryptocurrencies

Deposit and Withdrawal via Bank Wire, Credit Cards, Skrill, Neteller, PerfectMoney, Bitcoin

Licenses: CySEC, IFSC, FCA, ASIC, DFSA
Country: Cyprus
Year Founded: 2008

Open XM Micro Account

XM Broker Review

FBS Broker

Minimum deposit on Micro account is $5
Smallest trade size on Micro account: 0.01 lots
Maximum leverage on Micro account is 1:3000
Tradable markets on Micro account: Forex, Metals
Spread type in the Micro account: Fixed from 3 pips

Trade Forex, Metals, Energies, Stock, CFDs, Cryptocurrencies

Deposit and withdrawal via Bank wire, Credit Cards, PerfectMoney, Skrill, Neteller, Bitcoin, Tether

Licenses: CySEC, IFSC, ASIC, FSCA
Country: Cyprus
Year Founded: 2009

Open FBS Micro Account

FBS Broker Review

FXTM Broker

Minimum deposit on Micro account is $10
Smallest trade size on Micro account: 0.01 lots
Maximum leverage on Micro account is 1:1000
Tradable markets on Micro account: Forex, Metals, Energies
Spread type in the Micro account: Floating from 1.5 pip

Trade Forex, Stocks, Metals, Commodities, Bonds, and Cryptos

Deposit and Withdrawal via Bank Wire, Credit Cards, Skrill, Neteller, GlobePay, PerfectMoney, Bitcoin

Licenses: CySEC, FCA, IFSC, FSCA
Country: Cyprus
Year Founded: 2011

Open FXTM Micro Account

FXTM Broker Review

Advantages of Micro Forex Account

As a new trader in the field of forex trading you’ll get the following benefits from a Micro account:

👌 1. Experience Real Trading with the Right Forex Broker

Trading in the forex market requires a medium, i.e., a Forex broker, and it is up to you to choose the right broker that supports all aspects of your trading.

Some forex brokers offer demo account to their clients before opening a live account. Keep in mind that each type of account has its advantages and disadvantages. Therefore, you need to open a live account with the forex broker to know how they do business.

By opening a forex micro account and depositing a small amount you can very easily size up your forex broker. In this way, you can determine whether the broker is efficient in providing services, such as order execution, trading platforms, withdrawals, deposits, spreads, and fees.

👌 2. Practice with Real Money and Real Excitement

You can start your trading experience with a demo account; however, it is more realistic to trade using a live account where your real money is at stake.
The demo account is useful for practices, while the micro account allows you to try your hand at real money. When you trade with your own money everything becomes real and you get to experience the actual excitement of winning and losing money.

This allows you to evaluate your trading strategies, management skills, and the amount of risk you can take.

👌 3. Reduce your Risk by Trading in Smaller Lot Sizes

Everybody knows that the forex market fluctuates non-stop. A Forex Micro account gives you the benefit of trading in smaller lot sizes to experience low risk and low leverage. This will help you to adjust your positions comfortably when you are managing your own money.

Since one lot in the micro account is 1/100 of the standard account, the cost of one pip in the micro account is also 1/100 of the standard account. This means that your losses on a micro account are also minimal. Therefore, you can avoid big losses and continue to strengthen your position in the market by increasing your trading knowledge.

👌 4. Get Better at Risk Management

Risk management is indispensable if you want to survive in the forex market. Market fluctuations may result in losses, and this can happen at any time.
The micro account enables you to start slow but at a steady pace. This helps you to learn how to manage risk in forex trading without putting too much of your capital at risk. In this way, you can choose the right method for your forex trading style and at the same time minimize your trading risks.

👌 5. Try Several Strategies at the Same Time

Traders know that they can easily lose money in a real account; this makes them somewhat hesitant at the time of investing. A micro account requires only a small deposit, so even if you make a bad trading decision and lose some money, you will soon recover. Think of a Micro account as a low-budget trading experience that allows you to test as many strategies as you like to find the one that works for you.

When you are done with your forex micro account and feel ready to join the next level of forex trading, you can upgrade your account to an ECN account which includes more favorable conditions for expert traders. Bear in mind that it is crucial to be ready to take a bigger risk with a larger amount of money; something which you will know after trading on a micro account.

Forex Micro Account (Micro Forex Brokers)

Advantages of Micro Forex Account