Many people want to try their hand at trading Forex and other financial instruments but often have limited financial means to do so. The most important point and one that I must stress is that financial trading carries significant risks and those looking to start trading should only risk money that they can afford to lose. This being said I am going to examine a number of brokerages that allow individuals to open accounts with a low minimum deposit and also question whether such low levels of capitalization will allow an individual to successfully trade the markets.
A number of brokerages have very low minimum deposit requirements some as low as $1, however such brokerages are often unregulated bucketshops (such as InstaForex and LiteForex) and are best avoided. This article is going to focus on MiFID regulated brokers who allow clients to open accounts with relatively low deposit requirements. All brokers featured in this article have a MiFID passport allowing them to take on clients from all countries within the European Union.
|MiFID Brokers with Low Deposit Requirements|
|Name||Minimum Deposit ($)||Regulator||Review|
|AVA FX||100||CBI (Ireland)||Coming Soon|
|HY Markets||50||FSA||Coming Soon|
|HiRose UK||50||FSA||Coming Soon|
|IG Markets||10||FSA||Coming Soon|