Here you can find the list of Forex brokers that offer micro-lot accounts to their traders. Mini and micro accounts as low as $1 USD and under $1000 and mini lot size trading of 10 000 units or less.
It is often very convenient for beginner traders to start off with mini Forex accounts. By investing little money and trading mini lot sizes Forex traders are able to put at test own knowledge and trading skills without undertaking serious financial risks.
|Title||Minimum deposit||Min.position size|
|City Index (ex-FX Solutions)||$250||0.01|
When Size Doesn’t Mean Everything
Among many big names, there are some micro forex brokers that might be more to your personal preference. When you barely know nothing about trading and want to have a taste. Investing with a small company would mean that you can get an almost personal treatment. Which mean you can be more assured of your investment’s safety.
Why to Choose Small Ones
It sounds very risky at the first glance. Not only that you need a personal conviction to use a mini or even a micro-sized broker company, but you would also need to be assured of that your fund wouldn’t go anywhere you don’t want them to be. However, since they’re small, meaning they don’t have many clients yet, which mean that you will get a better update and reassurance on your investment.
Against the Big Players
Of course, you are free to choose larger firms in terms of safety. But do remember that they have a very strict rule to be followed. It doesn’t mean that you can easily skirt around the investment rules with smaller companies, but they sure will work their way to make sure you meet their minimum requirement. While with the big boys, the rules are the rules.
With all the pros and cons, the final decision lay in your hands. If you don’t have enough money to invest, or just want to dabble, you can choose a micro broker where you know you’ll be handled with much care. One thing to remember is that an investment sometimes comes out as a failure, so you have to be careful on choosing where to invest and how much you will invest.