Forex Micro accounts

Micro accounts in Forex cater to traders with limited budgets, granting them access to trade on the Forex market. These accounts typically involve micro lots, which represent a fraction of a standard lot, equivalent to 1,000 units of currency. Forex brokers that offer Micro accounts set very low minimum lot sizes and small minimum deposit requirements. For novice traders seeking to engage in live markets without significant risk, Micro accounts can be advantageous. However, they might not be sufficient for those pursuing serious trading or relying on trading profits as their primary income. Below, we've ranked top-tier Forex brokers with Micro accounts to help you find the best options.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
RoboForex read review
MT4MT5cTraderDeposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
FSC Belize
Platforms
MT4, MT5, cTrader +1 more
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
6.13
JustMarkets read review
MT4MT5Deposit bonusCopy tradingHigh leveragePAMMSTP
Regulations
CySEC, FSA Seychelles, VFSC
Platforms
MT4, MT5
4.87
InstaForex read review
MT4MT5Deposit bonusCopy tradingHigh leveragePAMMSignals
Regulations
CySEC, FSC of BVI
Platforms
MT4, MT5
3.08
Grand Capital read review
MT4MT5Deposit bonusCopy tradingHigh leverage
Regulations
Platforms
MT4, MT5
Micro accounts present an excellent opportunity for traders to engage with the Forex market like professionals, even with a smaller equity stake. When starting with a low deposit, brokers often offer high leverage, which can magnify both potential gains and losses. Therefore, traders must exercise caution and make wise decisions when operating with micro accounts. These micro accounts have gained immense popularity, and numerous reputable Forex brokers now offer them. The minimum deposits for such accounts typically range from 0 USD to 30 USD. Overall, Forex brokers that offer Micro accounts can be highly advantageous, particularly for beginners and traders with tight budgets. They provide an ideal platform for honing trading skills practically, utilizing a smaller trading account for hands-on experience.

FAQs about Micro accounts

What are micro accounts in forex?

Forex Micro accounts are small trading accounts that allow you to trade in micro lots or 1,000 units of currency, appealing to those with limited budgets.

How much is 1 micro lot in forex?

One micro lot in Forex is equivalent to 1,000 units of the base currency. It represents a fraction of a standard lot and allows for smaller trade sizes.

Is a micro account profitable?

Micro accounts can be profitable for beginners and traders with low budgets, as they offer an opportunity to trade live financial markets with minimal risk. However, for serious trading or making a living, larger accounts are usually needed.