TheTop 10 Best Forex Brokers with a $10 Minimum Depositrevealed. We have rated and reviewed the best Forex Brokers with a$10 Minimum Deposit.
This is a complete listing of The10 Best Forex Brokers with a $10 Minimum Deposit.In this in-depth write-up you will learn:
- Who is the BestLow Deposit Brokerfor Beginners?
- Pros and Cons ofLow Deposit Trading.
- Low Minimum Deposit Accounts in South Africa.
- Low Deposit Forex Brokers.
- Low or No Minimum Deposit Forex Brokers
- MT4 / MT5 $10 USD Minimum Deposit Brokers
and much, much more!
10 Best Forex Brokers with a $10 Minimum Deposit (2024) – A Comparison
| 🔎 Broker | 💰 Minimum Deposit | 📈 Leverage (Up to) | 🔁 Spreads (from) | 🚀 Open an Account |
| 🥇 FXTM | $10 USD | 1:2000 | 0.0 Pips | 👉 Click Here |
| 🥈 RoboForex | $10 USD | 1:2000 | 0.0 Pips | 👉 Click Here |
| 🥉 IQ Option | $10 USD | 1:30 | 0.6 Pips | 👉 Click Here |
| 🏅 InstaForex | $1 USD | 1:1000 | 0.0 Pips | 👉 Click Here |
| 📌 Oanda | $0 USD | 1:200 | 0.0 Pips | 👉 Click Here |
| 📍 XTB | $0 USD | 1:500 | 0.1 Pips | 👉 Click Here |
| 🏅 IG | $0 USD | 200:1 | 0.8 Pips | 👉 Click Here |
| 📌 CMC Markets | $0 USD | 1:500 | 0.7 Pips | 👉 Click Here |
| 📍 Axi | $0 USD | 1:500 | 0.4 Pips | 👉 Click Here |
| 🏅 ThinkMarkets | $0 USD | 1:500 | 0.0 Pips | 👉 Click Here |
Low Minimum Deposit – A Definition
Aminimum deposit is required by multiple Forex Brokers to open a live trading account. When a Higherminimum deposit is required it can generally be associated with accounts that offer premium services whereas lower minimum depositsare offered to attract new customers.
10 Best Forex Brokers in South Africa for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Forex Brokers with a $10 Minimum Deposit (2024)
- ✅ FXTM – SA Broker with Low Minimum Deposit
- ✅ RoboForex – Best Trading App with Minimum Deposit
- ✅ IQ Option – Overall best broker with a $10 USD minimum deposit
- ✅ InstaForex – High User Trust Score
- ✅ Oanda – Best Online Trading Experience
- ✅ XTB – Best Platform for Professional Traders
- ✅ IG – Trusted$10 USD Minimum DepositBroker
- ✅ CMC Markets – BestLow Minimum Deposit Brokerfor Beginners
- ✅ Axi – Leading Customer Support
- ✅ ThinkMarkets – Wide Range of Assets
FXTM
FXTMis a global CFD and FX broker.FXTM is regulated by several financial authorities and customer service is offered in several languages. FXTMis regulated by several financial authorities, including the UKFinancial Conduct Authority(FCA) and theCyprus Securities and Exchange Commission(CySEC).
FXTM Overview
| 🔎 Broker | 🥇 Pepperstone |
| 📌 Regulation | (FCA), ASIC, CySEC, DFSA, BaFin, SCB and FSCA. |
| ☪️ Islamic Account | ☑️ Yes |
| 🆓 Demo Account | ☑️ Yes |
| 📍 Institutional Accounts | ☑️ Yes |
| 📊 Managed Accounts | ☑️ Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $200 |
| 📌 Open an Account | 👉 Click Here 👈 |
FXTM Minimum Deposit
The minimum deposit amount required to register an FXTM live trading account ranges from $10 USD – $500 USD. FXTM makes three live trading accounts available, the Micro account, Advantage, and Advantage Plus Accounts.
| 🔎 FXTM Account | 🥉 Micro | 🥈 Advantage | 🥇 Advantage Plus |
| 💰 Minimum Deposit | $10 USD | $500 USD | $500 USD |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
FXTM Pros and Cons
| ✔️ Pros | ❌ Cons |
| Multi-regulated trading provider | Inactivity fees apply |
Min Deposit
USD 10
Regulators
FCA, CySEC, FSC
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
RoboForex
RoboForex offers access toexclusivetrading platforms and technologies with more than 12,000 trading instruments plus 8 asset types made available.
RoboForex Overview
| 🔎 Broker | 🥇 Roboforex |
| ⚖️ Regulating Authorities | IFSC |
| 🌐 Countries not accepted | US, Canada, Australia, and Japan |
| ☪️ Islamic account | ✔️ Yes |
| 👍 Demo Account | ✔️ Yes |
| 📈 Maximum Leverage | 1:2000 |
| 💰 Minimum Deposit | $10 USD |
| 💻 Platform Types | MT4, MT5, cTrader |
| 🚀 Open an Account | 👉 Click Here |
RoboForex Minimum Deposit
Theminimum depositamount required to open aRoboForexAccount is $10 USD. RoboForex provides 5 different live trading accounts, Prime,ECN, R.StocksTrader, ProCent, and Pro.
| 🔎 Account | 🥇 Prime | 🥈 ECN | 🥉 R.StocksTrader | 🏅 ProCent | 📌 Pro |
| 💰 Minimum Deposit | $10 USD | $10 USD | 📍 $100 USD | $10 USD | $10 USD |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here |
RoboForex Pros and Cons
| ✅ Pros | ❎ Cons |
| Excellent Asset Selection | Limited Crypto Selection |
Min Deposit
USD 10
Regulators
IFSC
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
36
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
IQ Option
IQ Optionoffers its clients a virtually fundeddemo account, live trading accounts withlow minimum depositrequirements, award-winning platforms, a customizable interface, convenient withdrawals, and full-time customer support.
IQ Option Overview
| 🔎 Broker | 🥇 IQ Option |
| 📌 Regulation | CySEC |
| ☪️ Islamic account (swap-free) | ✅ Yes |
| 👍 Demo Account | ✅ Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:30 (Retail) |
| 💰 Minimum Deposit | $10 USD |
| Open an Account | 👉 Click Here |
IQ Option Minimum Deposit
The minimum deposit required to open anIQ OptionAccount is $10 USD. IQ Option makes 2 live trading account types available, IQ Option Real and IQ Option VIP.
| 🔎 Account | 🥉 Demo | 🥈 Real | 🥇 VIP |
| 💰 Minimum Deposit | Free | $10 USD | Account available to clients that deposit significant amounts. |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
IQ Option Pros and Cons
| ✔️ Pros | ❌ Cons |
| Regulated by the Cyprus Securities and Exchange Commission (CySEC) | Does not provide MT4 and MT5 trading platforms |
| An easy and convenient method of opening an account | Not available for traders in the US, Canada, Australia, Japan, and other countries |
Min Deposit
USD 10
Regulators
CySEC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose
InstaForex
InstaForex has been operating in the forex industry for over 14+ years. InstaForexis authorized and licensed by the Financial Services Commission (FSC) under the Securities and Investment Business Act (SIBA), the British Virgin Islands (BVI).
InstaForex Overview
| 🔎 Broker | 🥇 InstaForex |
| 📌 Regulation | CySEC, BVI, SVGFSA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account | ☑️ Yes |
| 👍 Demo Account | ✅ Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | ☑️ Yes |
| 📈 Maximum Leverage | 1:1000 |
| 💰 Minimum Deposit | $1 USD |
| 🚀 Open an Account | 👉 Click Here |
InstaForex Minimum Deposit
Theminimum depositrequired to open anInstaForexAccount is $1 USD.InstaForexmakes 4account typesavailable, Insta.Standard, Insta.Eurica, Cent.Standard and Cent.Eurica.
| 🔎 Account | 🥇 Minimum Deposit | 🚀 Open an Account |
| 🥇 Insta.Standard | $1 USD | 👉 Click Here |
| 🥈 Insta.Eurica | $1 USD | 👉 Click Here |
| 🥉 Cent.Standard | $1 USD | 👉 Click Here |
| 🏅 Cent.Eurica | $1 USD | 👉 Click Here |
InstaForex Pros and Cons
| ✅ Pros | ❎ Cons |
| High Leverage | Restricted leverage for EU clients |
| Intuitive trading platforms | No Autochartist |
| Commission free accounts | Certain clients not accepted |
Min Deposit
USD 1
Regulators
CySEC, FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
107+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Oanda
Oanda is a trusted global brand that is best known for its reputable reputation and quality market research on offer. Oandais regulated by three tier-1 regulators (highest trust) and carries multiple licenses across the globe.
Oanda Overview
| 🔎 Broker | 🥇 Oanda |
| 💰 Min. Deposit | $0 USD |
| 🆓 Demo Account | ✅ Yes |
| 4️⃣ MetaTrader4 | ✅ Yes |
| ⛔ Stop Loss | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Oanda Minimum Deposit
Theminimum depositamount required to register anOandalive trading account ranges from $0 USD – $10’000 USD.Oandamakes two live trading account types available, the Oanda Standard and Oanda Advanced Trader accounts.
| 🔎 Oanda Account | 🥈 Standard | 🥇 Advanced Trader |
| 💰 Min. Deposit | $0 USD | $10'000 USD |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here |
Oanda Pros and Cons
| ✔️ Pros | ❌ Cons |
| Easy and quick digital account opening | Only FX and CFDs |
| Low Forex Fees | High withdrawal fees for bank transfers |
| Web trading platform is easy to use | Poor customer service |
| No withdrawal fees in most cases | ID verification can slow down account opening |
Min Deposit
USD 1
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
45
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
XTB
XTB is one of the largest, global stock exchange-listed FX & CFD brokers with more than 15 years of experience in the field. XTB is regulated by the world’s biggest supervision authorities and offers two live trading account options, Standard and Swap-Free.
XTB Overview
| 🔎 Broker | 🥇 XTB |
| 💰 Min. Deposit Required | None |
| 💵 Min. Deposit Recommended | $100 USD / R1600 ZAR |
| 🛑 Inactivity Fee | $10 USD / R160 ZAR |
| 🆓 Demo Account | ✅ Yes |
| 🔁 Spreads from | 0.1 |
| 📌 Commissions | Pro Account |
| 🎉 Sign Up Bonus | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
XTB Minimum Deposit
XTB offers two live trading account options, Standard and Swap-Free, neither of which requires a minimum amount deposit.
| 🔎 Account | 🥇 Standard | 🥈 Swap-Free |
| 💰 Required Min. Deposit | None | None |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here |
XTB Pros and Cons
| ✅ Pros | ❎ Cons |
| Award winning platform | Poor email support |
| Negative balance protection | Limited product portfolio, mostly CFD and FX |
| Easy and fast account opening | Does not hold a banking license |
| Regulated by top-tier FCA | |
| Broad range of educational materials |
Min Deposit
USD 100
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
IG
IG is a leading online trading provider that is authorized and regulated by the Financial Conduct Authority (FCA) and the Financial Sector Conduct Authority (FSCA).
IG Overview
| 🔎 Broker | ✅ IG Group |
| 💰 Trading Fee Class | High |
| 💵 Inactivity Fee | ✔️ Yes |
| 💳 Minimum Deposit | $140 / R2240 ZAR |
| 💡 Base currencies | 6 |
| ✅ Demo Accounts | ✔️ Yes |
| 📌 Products Offered | ETF, Forex, Options |
| 🔎 Open an Account | 👉 Click Here |
IG Minimum Deposit
No minimum deposit amount is required to register an IG live trading account.
| 🔎 Broker | 🥇 IG Group |
| 💰 Required Min. Deposit | $0 USD |
| 💳 Deposit Methods | Credit / Debit / Bank Transfers |
| 🚀 Open an Account | 👉 Click Here |
IG Pros and Cons
| ✅ Pros | ❎ Cons |
| Excellent Web-Trading Platform | High Forex and Stock CFD Fees |
| Excellent Educational Tools | Limited Product Portfolio |
| Great Deposit and Withdrawal options | Slow Customer Support |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
CMC Markets
CMC Markets is a global CFD and forex broker company that is regulated by several top-tier financial authorities globally.
CMC Markets Overview
| 🔎 Broker | 🥇 CMC Markets |
| 💰 Min. Deposit (Rec.) | $10 USD |
| 🛑 Inactivity Fee | ☑️ Yes |
| 💻 Demo Account | ☑️ Yes |
| 💵 Base Currency | 10 |
| 🚀 Open an Account | 👉 Click Here |
CMC Markets Minimum Deposit
No minimum deposit amount is required to register a CMC Markets live trading account. CMC Markets offer a dedicated spread bettingandCFD trading account, as well as a corporate trading account.
| 🔎 Broker | ☑️ CMC Markets | ||
| 📌 Account | 🥇 Spread Betting | 🥈 CFD | 🥉 Corporate |
| 💵 Required Min. Deposit | $0 USD | $0 USD | $0 USD |
| 💰 Recommended Min. Deposit | $100 USD / R1600 ZAR | $100 USD / R1600 ZAR | $100 USD / R1600 ZAR |
| 🚀 Open an account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
CMC Markets Pros and Cons
| ✅ Pros | ❌ Cons |
| Low forex fees | High stock CFD fees |
| Great web platform | Only CFDs |
| Advanced research | Lacking customer support |
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Axi
Axi is a trusted brokerage firm that offers its services to over 60’000 traders across 100+ countries worldwide. Axi is a highly regulated service provider that holds an Australian Financial Services Licence and a New Zealand Derivatives Issuer Licence.
Axi Overview
| 🔎 Broker | 🥇 Axi |
| 📝 Regulation | ASIC, FCA, DFSA |
| 💰 Min Deposit | $0 USD |
| 🆓 Demo Account | ✅ Yes |
| ☪️ Islamic Account | ☑️ Yes |
| 🔁 Spreads from | 0.0 Pips |
| 📌 Commission | ✅ Yes |
| 💳 Deposit Fee | No |
| 💵 Inactivity Fee | No |
| ⚡ Withdrawal Fee | Third-Party |
| 🚀 Open an Account | 👉 Click Here |
Axi Minimum Deposit
Theminimum depositamount required to register anAxilive trading account ranges from $0 USD – $25’000 USD.Aximakes three live trading accounts available, the Standard account, Pro and Elite Accounts.
| 🔎 Axi Account | 🥉 Standard | 🥈 Pro | 🥇 Elite |
| 💰 Min Deposit | $0 USD | $0 USD | 🚩 $25'000 USD |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Axi Pros and Cons
| ✅ Pros | ❎ Cons |
| Low forex fees | Only forex and CFD trading |
| No withdrawal/deposit fees | Limited research tools |
| Easy Account Opening | 24/5 customer service |
Min Deposit
USD 0
Regulators
ASIC, FCA, DFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
140+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
ThinkMarkets
ThinkMarkets is a premium multi-asset online brokerage that regulated by multiple top-tier institutions including the FCA, FSCA, andASIC.
ThinkMarkets Overview
| 🔎 Broker | 🥇 ThinkMarkets |
| 💰 Minimum Deposit | $0 USD |
| 🆓 Demo Account | ✅ Yes |
| ☪️ Islamic Account | On Request |
| 📌 Joint Account | On Request |
| 4️⃣ MetaTrader4 | ✅ Yes |
| 🤝 Live Support | ✅ Yes |
| 💸 Commission | Variable |
| 🔁 Spreads from | 0 Pips |
| 📊 Leverage | 500:1 |
| 📈 Max Trade Size | 50 - 100 Lots |
| ❤️ Account Manager | Selected Accounts |
| 💻 ThinkTrader®️ | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
ThinkMarkets Minimum Deposit
Theminimum depositrequired to open aThinkMarketsAccount is $0 USD.ThinkMarketsprovide 4 different live tradingaccount types, Standard, ThinkZero, Islamic and Joint.
| 🔎 Account Type | 💰 Minimum Deposit |
| 🥇 Standard Account | $0 USD |
| 🥈 ThinkZero | 📌 $500 USD |
| ☪️ Islamic Account | $0 USD |
| 🤝 Joint Account | $0 USD |
| 🚀 Open an Account | 👉 Click Here |
ThinkMarkets Pros and Cons
| ✅ Pros | ❎ Cons |
| Well-regulated Forex broker | Currency conversion fees will apply for some deposits |
| The broker offers tight spreads across all of its asset classes | Commissions charged on the ThinkZero Account |
Min Deposit
USD 0
Regulators
FCA, FSCA, ASIC, CySEC, JFSA
Trading Platform
MT4, MT5, ThinkTrader
Crypto
Yes
Total Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Derivative products are leveraged products and can result in losses that exceed initial deposits.
Conclusion
👉 Now it is your turn to participate:
➡️ Which$10 Minimum Deposit Forex Brokerfrom this list do you intend to test out?
➡️ What was the determining factor in your decision to engage with a certain broker?
➡️ Was it because of theLowminimum deposit or the Pros and Cons?
👉 Regardless, please share your thoughts in the comments below.
You might also like: FXTM Review
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You might also like: IQ Option Review
You might also like: InstaForex Review
You might also like: Oanda Review
Disclaimer
Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader. Traders need to ensure that they understand their risk exposure and they need to determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital.
Frequently Asked Questions
Can I start forex trading in South Africa with $10 USD ?
Yes, it is possible to start forex trading in South Africa with a minimum deposit of $10 USD.
Are there any reliable $10 USD minimum deposit brokers in South Africa?
Yes, there are many reliable $10 USD minimum deposit brokers that accept South African Traders including FXTM.
Are there any disadvantages to using a $10 minimum deposit forex broker?
Yes. A disadvantage of using a $10 USD forex broker includes limited trading options and a higher risk due to the small deposit size.
What types of accounts are available with a $10 minimum deposit forex broker?
$10 USD minimum deposit forex brokers generally offer Micro or Standard Accounts.
Is it possible to make a profit with a $10 minimum deposit forex account?
Yes, it is possible to make a profit, all be it small, with a $10 USD minimum deposit forex account.
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