List of Best Micro Account Forex Brokers. A micro account is a popular type of account used by investors (primarily retail traders) to gain access to the forex market and learn to trade forex in a very short period of time. Mini and Standard accounts are the other two types. Micro lots allow you to trade for a small portion of a standard lot, typically, a micro lot equaling 0.01 of a standard lot size. With this in mind, it would cost $100,000 to trade a standard lot on any of the forex currency pairs with 1:1 leverage, whereas a micro lot would cost $1,000. Therefore, it would indeed be wise for you to explore the possibility of micro accounts before you choose to take a plunge into big money trading. This is where we provide you with a list of the Best Micro Account Forex Brokers. All the forex trading brokers you will find on this list are set up to allow you to trade in micro-lots, which are 0.01 of a standard lot.
Here is a List of Best Micro Account Forex Brokers
IC Markets is considered safe because it is regulated by the top-tier ASIC. Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.32% of retail investor accounts lose money when trading CFDs with this provider.
The minimum deposit at XM is $5. The minimum deposit means that you will need to transfer this amount to your brokerage account from your bank account to start trading. It is sometimes called an initial deposit or funding.
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