10 Min Deposit Forex Brokers | Cheapest Forex Brokers 2021, best brokers that i can start with 10$.

Best brokers that i can start with 10$


Spread is the difference between buy and sell price and in simple words is the payment the brokerage get for each trade.

My list of forex bonuses


10 Min Deposit Forex Brokers | Cheapest Forex Brokers 2021, best brokers that i can start with 10$.


10 Min Deposit Forex Brokers | Cheapest Forex Brokers 2021, best brokers that i can start with 10$.


10 Min Deposit Forex Brokers | Cheapest Forex Brokers 2021, best brokers that i can start with 10$.

The tighter the spreads, the better trading conditions your selected broker has. In order to find the best cheapest FX broker, you have to not only look at the minimum deposit requirements but the overall commissions, spreads and extra fees structure. Trading costs can be spotted in the following ways while reviewing a broker:


$10 min deposit forex brokers | cheapest forex brokers 2021


Forex brokers with minimum deposit until $10


Are you looking for forex broker that allows you to trade with $10 or less? Here is the list of forex brokers that allow you to deposit between $1 - $10 and trade!


Brokerratingdemoleveragebonusplatformsmin deposit $payments
XM8yes1:888$30 no depositmetatrader 4, metatrader 5, XM webtrader5credit/debit card, neteller, skrill, webmoney, bank wire transfer
liteforex 7yes1:50030% + 15%metatrader 4, metatrader 5, webterminal10credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one
instaforex 7yes1:1,000$100 no deposit bonusmetatrader 4, metatrader 5, webtrader1bitcoin, cashu, credit cards, egopay, neteller, skrill, ukash, unionpay, webmoney, wire transfer
primexbt7yes1:1000 primexbt, turbo1credit cards
oanda3yes1:50 metatrader 4, fxtrade1check, credit cards, paypal, wire transfer
tenkofx3yes1:500 metatrader 4, webtrader10skrill, neteller, fasapay, webmoney, yandex money, qiwi
Z.Com trade3yes1:200 Z.Com trader web, Z.Com trader pro (demo account only)1credit cards, wire transfer, china unionpay, skrill
tradefw3yes1:30 https://www.Forexexplore.Com/forex-brokers/tradefw-review0bank wire, credit/debit card.
AGEA2yes1:500-streamster, metatrader 41credit cards, wire, skrill, webmoney, e-dinar, neteller, fasapay, perfect money
cmcmarkets2yes500:1-next generation web-based1credit cards, wire transfer
hotforex2yes1:1,000100% bonusmetatrader 4, mobile platform, rapid trader fix/api5credit cards, skrill, unionpay, neteller, wire transfer, webmoney, fasapay
alpari2yes1:50050% welcomemetatrader 41debit or credit card, wire transfer
finpro trading2yes1:200100%metatrader 4, zulutrade, finopro station5credit cards, paypal, skrill, wire transfer
tifia1yes1:1,000 metatrader 4, webtrader10wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay
fxopen1yes1:500$100metatrader 41wire, webmoney, alertpay, cashu, c-gold, perfectmoney
igofx1yes1:1,000 metatrader 41wire transfer, credit cards, perfect money
admiralmarkets1yes1:200n/ametatrader 410wire
fort financial services1yes1:1,000 metatrader 4, CQG, ninja trader, binary options5credit cards, webmoney, skrill, neteller, perfect money, fasapay, wire transfer
FBS1yesup to 1:3,000$123 welcome bonusmetatrader 4, metatrader 5, webtrading1credit cards, fasapay, indonesia local banks, neteller, okpay, perfectmoney, skrill, webmoney, wire transfer, thai local banks, exchangers, malaysian banks and bitcoin by skrill
simplefx1yes1:100 metatrader 4 and in-house web-based platform1wire transfer, credit/debit cards, skrill, neteller, astropay, webmoney, fasapay, qiwi, moneta, ru, yandex, china unionpay, bitcoin and litecoin
JCMFX1yes1:1,000 metatrader 410credit cards, fasapay, wire transfer, neteller, skrill
LCG1yes1:500 metatrader 4, LCG trader (web-based, ECN accounts only)1wire transfer, debit/credit cards, skrill
mahi FX1yes1:100 metatrader 4, mahifx1wire transfer, credit cards
paxforex1yes1:500no deposit $7 bonus – cannot withdrawmetatrader 410credit cards, fasapay, neteller, OKPAY, perfect money, QIWI, skrill, unionpay, webmoney, wire transfer
rekuten securities1yes1:50 marketspeed FX, trading station (inherited from FXCM)1wire transfer, checks, ATM (only for local residents)
roboforex1yes1:500 metatrader 4, ctrader1credit cards, QIWI wallet, webmoney, yandex.Money, RBK money, skrill, fasapay, cashu, payoneer, china unionpay, neteller, perfect money
tradersway1yes1:1,000 metatrader 4, ctrader0skrill, neteller, perfect money, webmoney, QIWI, monetaru, easypay, boletto, cashu
turnkeyforex1yes1:20000% deposit bonus; 30 days of commission-free trading; 30% rescue bonus metatrader 4, trade station5credit cards, wire transfer, neteller
whaleclub1yes1:100 in-house whaleclub web platform1bitcoin
freshforex1yes1:1000SIGN-UP BONUS ¢100!Metatrader 41debit/credit cards, neteller, OKPAY, W1, QIWI, webmoney, skrill, fasapay, contact, wire transfer
fxglory0yes1:3,00050% up to $1,000metatrader4, mobile1credit/debit cards, paypal
accentforex0yes1:50050%metatrader 410webmoney, okpay, skrill, wire transfer, credit cards
grandcapital0yes500:1$500 no depositmetatrader 4, webtrader10credit card, neteller, webmoney, cashu, fasapay, scrill, webmoney
adamant finance0yes1:500 metatrader 41bitcoin, cashu, credit cards, fasapay, megatransfer, neteller, OKPAY, QIWI, webmoney, yandex.Money
blitzbrokers (IB for axitrader)0yes1:500 metatrader 41credit cards, neteller, skrill
forexmart0yes1:1,000$150 no deposit neededmetatrader 41credit cards, neteller, skrill, paypal, paxum
LH-crypto0yes1:500 metatrader 4, metatrader 510bitcoin, bitcoin cash, ethereum, litecoin, monero, DASH, ripple, NEO, visa, mastercard, web money, QIWI, wire transfer


In order to find the best cheapest FX broker, you have to not only look at the minimum deposit requirements but the overall commissions, spreads and extra fees structure. Trading costs can be spotted in the following ways while reviewing a broker:



  • Fixed costs: these include the spread or the commission.

  • Running costs: the so-called swap fees are recalculated every day and add or subtract credit to the trading account.R



Spread is the difference between buy and sell price and in simple words is the payment the brokerage get for each trade. The tighter the spreads, the better trading conditions your selected broker has.


Commission can be seen with DMA/STP model brokers. With these brokers you get the best spreads possible, but you pay commissions for each trade made. You are looking for a broker with interbank market prices for the best outcome.



Fxdailyreport.Com


Till about a decade ago, you had to make use of the telephone if you wanted to invest in the financial markets. You had to call up your broker for placing as well as closing orders. Introduction of online trading has, however, simplified every aspect of the investment process. You can carry out trades from the convenience of your home or on-the-go using the platform provided by brokers. Sounds simple, but the problem is there are umpteen number of forex brokers that offer trading platforms out there in the market. And, you need to work with the best forex broker if you want to achieve your financial goals. So, it all boils down to identifying the right broker to work with and it is definitely not an easy task. Read on to find out as to how you can identify the best forex brokers. In this post, various aspects you need to take into consideration when choosing a forex broker are discussed in detail so that the selection process becomes simpler and easier for you.



Brokerinfobonusopen account
min deposit: $5
spread: from 0.2 pips
leverage: 500:1
regulation: FSA (saint vincent and the grenadines), cysec
50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. Visit broker
min deposit: $1
spread: from 0 pips
leverage: 3000:1
regulation: cysec, IFSC
$100 no-deposit bonus, 100% deposit bonus visit broker
min deposit: $5
spread: from 0 pips
leverage: 888:1 “*this leverage does not apply to all the entities of XM group.”
regulation: ASIC, cysec, IFSC belize
“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program” visit broker
min deposit: $1
spread: from 0 pips
leverage: 2000:1
regulation: FCA UK, cysec, FSP, bafin, CRFIN
35% of the account deposit visit broker
min deposit: $100
spread: starting 0 pips
leverage: up to 400:1
regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA
visit broker
min deposit: $300
spread: floating, from 0 pips
leverage: 500:1
regulation: FCA UK reference number 579202
visit broker
min deposit: $200
spread: starting 0 pips
leverage: 500:1
regulation: ASIC australia, FCA UK
visit broker
min deposit: no minimum deposit
spread: 1.2 pips
leverage: 50:1
regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC
visit broker
min deposit: $10
spread:
leverage:
regulation: cysec
- visit broker
min deposit: $200
spread: from 3 pips
leverage: 400:1
regulation: NFA, FCA, cysec
visit broker
min deposit: $100
spread: starting 0 pips
leverage: up to 500:1
regulation: FCA UK, ASIC australia, MAS singapore
visit broker
min deposit: $1
spread: fixed spread from 3 pips
leverage: up to 1:1000
regulation: CBR, cysec and FFMS
30% forex deposit bonus visit broker
min deposit: $250
spread: as low as 0.1 pips
leverage: up to 400:1
regulation: ASIC australia and FCA UK
visit broker
min deposit: €100
spread: the spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
leverage: 1:294
regulation: ASIC, cysec, FCA (UK)
visit broker
min deposit: $100
spread: starting from 0.9 pips
leverage: 400:1
regulation: MIFID, FSB & ASIC
visit broker


Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


Main parameters to be checked for identifying the best forex brokers:


top recommended best forex brokers


#1: regulations and licenses


It is highly recommended that you choose only forex brokers that are regulated or authorized by leading regulatory bodies such as commodity futures trading commission (CFTC), national futures association (NFA) and financial conduct authority (FCA in UK), among many others. This is because regulated brokers are more reliable than their non-regulated counterparts. Further, your hard earned money remains safe with such brokers for two reasons: they will be appropriately capitalized and they maintain segregated accounts for theirs as well as traders’ funds.


#2: forex trading platform


The online trading platforms that recommended forex brokers provide would not only be simple, but also intuitive and easy to operate or navigate. It, therefore, makes sense to try out a few online forex platforms and see for yourself as to which one has a better user interface and is easily navigable.


#3: customer support services


Customer support is a key aspect that you need to evaluate. Best fx brokers would often be aware of the needs of the traders and provide good, efficient and responsive customer support services. During the course of trading forex on an online broker’s platform, there will be times when you need certain time sensitive clarifications. If the customer support service of the broker you are planning to work with is not good enough, you could end up losing money. It is, therefore, recommended that you evaluate the brokers’ customer support service both by speaking to their representatives on telephone and by communicating with them through email.


Leverage offered for forex trading varies from one broker to another. If the leverage is high, the trader can make more profits. However, the risk of accumulating losses is also equally higher. Therefore, you should choose a broker that offers leverage suiting to your needs and based on your style of trading.


Brokers often try to attract you by offering high capital bonuses when you make your first deposit. This is good because you get more money for trading. You can choose the broker that offers the highest first deposit bonus, but you should make sure other aspects discussed above and those that are discussed below suit your needs.


#6: deposits and withdrawals


It is important that you understand the brokers’ policies related to deposits and withdrawals. The features to be evaluated when choosing top forex brokers are minimum amount to be deposited to start trading, deposit methods offered, currency options provided, minimum withdrawal amount specified and waiting time for withdrawals, among others. Further, it makes sense to go through all other written policies in detail.


Brokers make money by charging a fee for each of the trading transactions that you execute on the forex trading platform provided by them. As far as the broker and you are concerned, the significant source of revenue would be the spread, the difference between ask and bid prices. It pays, therefore, to check as to how the brokers you have shortlisted handle spreads:


Do they offer fixed or variable spreads?
What is the average and maximum spread for the currency pairs that you are planning to trade?
What spreads are offered when the volatility is very high?
Do you have to pay any commission for each trade apart from the spread?


Before buying a car, you always go for a test drive. Similarly, look for forex brokers that offer demo accounts. This helps you to open a practice account. You can try out their platform and find out for yourself as to which of the shortlisted brokers is best suited to your requirements. Most brokers offer practice accounts these days. So, it is easy for you to get a feel of the brokers’ platform before committing to depositing money and trading.


#9: other parameters for identifying the best forex brokers


The forex brokerages that offer very low account minimums can be considered for evaluation under the category “best forex brokers”. This is good because you don’t have to deposit large amounts of money in order to trade forex. Minimum account balance can be as low as $5 in the case of some of the reliable forex brokers.


Online forex brokers often try to snatch business through promotions. Do not fall prey to their sales gimmicks. Best forex brokers would never make unbelievable and unachievable promotional offers. It is true that cash and prizes form part of the game, but they should be reasonable.


Another aspect to look for when evaluating online forex brokers is the educational services offered by them. This helps you to master the art of forex trading. Brokers that provide you with a variety of educational tools for assisting you in assessing the forex market are the best forex brokers to work with.


Why expert traders trade with regulated forex brokers


If you’re looking to become a successful forex trader, then working with a skilled and trustworthy broker is very crucial. In the forex market, the two main types of brokers you’ll get include the regulated and the non-regulated brokers. Obviously, the former typically operates under regulations stipulated by a forex regulator. Regulated forex brokers must also be fully licensed and registered in their country of operation, unlike their non-regulated counterparts.


Role of regulation


Of course, the role of regulation in forex market cannot be underestimated. Regulation ensures that all players in this booming industry are strictly supervised. This way, merchants are protected from the many unscrupulous traders out there looking to swindle them off their hard earned money. Another thing, regulation also builds trust between merchants and their brokers, since most merchants don’t have enough time to monitor every investment.
Let’s take a quick look at some of the leading regulatory agencies:



  • CFTC and NFA: commodity futures trading commission and national futures association, regulate the financial services sector in united states of america (USA).

  • Cysec: the cyprus securities and exchange commission is the regulatory watchdog within the cysec domain. It offers services to the EU member states.

  • FCA: the financial conduct authority regulates the operations of over 56,000 financial services and companies in the UK.

  • ASIC: the australian securities and investment commission regulate the financial services sector in australia.

  • FSB: the financial services board is a south african agency which oversees functioning, regulation, and licensing of south african forex brokers.

  • Bafin: bafin is a financial supervisory authority providing its services to forex companies in germany.



Advantages of regulated forex brokers


With regulated brokers, you’ll always have some peace of mind when carrying out your real-money transactions. To expound more, here are the main reasons why expert traders prefer regulated brokers:


1. Credibility


It’s an open secret that most of us like to deal with trusted organizations, especially when money is involved. That being said, the credibility of any forex broker is greatly enhanced if the company is regulated by the relevant agencies. Remember that all regulated forex brokers are mandated to follow some strict rules put in place by their respective regulatory bodies. Furthermore, their regulatory bodies expect them to regularly present a copy of their audit report. Therefore, if a broker is listed on its regulatory body list, then it’s safe to say that the forex broker has fully complied.


2. Compensation


Getting compensated in case of any unfortunate scenario is arguably the best reason why most expert traders opt for regulated brokers. With most regulated brokers, you can rest assured that all your hard earned money will be refunded in case your brokerage firm goes down. For example, brokers operating under cysec are required to remit their contribution to the ICF (investor compensation fund). This pool of funds is to help settle any form of customer claims in case of any eventuality.


3. Effective customer service


Before choosing a forex broker, it’s always recommended that you settle for one who can effectively and immediately resolve all customer issues. In this case, most regulated brokers are always competent enough when dealing with technical support or account issues. In addition, they are very helpful and kind during the whole account opening process.


4. Quick deposits and withdrawals


Any reputable forex broker will allow their merchants to make deposits and withdrawals without any hassle. A regulated broker should have no reason whatsoever to make your earnings process difficult because they don’t have control over your funds. All they have to do is to facilitate the platform to make it convenient enough for you to trade.


5. Updated trading platform


Most regulated brokers are mandated by their respective regulatory authorities to provide their clients with the latest, powerful, and easy-to-use trading platforms. In fact, most of their platforms will readily provide you with all that you need to begin trading immediately. You’ll get a lot of educational materials including webinars, videos, articles, seminars, and e-courses at no extra charge. It goes without saying that regulated brokers also offer their clients free demo accounts to help them sharpen their skills before going live.


6. Legality


All over the world, governments are struggling to deal with issues concerning money laundering. Some of them have even gone ahead to pass very strict anti-money laundering laws. So to be on the safe side, you should always trade with a regulated broker. Most regulated forex brokers will ask you to provide some of your personal identification documents such as proof of address and photo ID. This might sound tedious to you but it’s always safe to be part of a regulated organization that can prove your money is being used in a legal way.


To sum it up, regulated forex brokers are always the best as well as the safest option to trade with. This is because they are always ahead in terms of legality, security, and safety of your funds. All in all, you can manage your risks better if you opt for a regulated forex broker.


Understanding true ECN vs STP broker


The foreign exchange market, also known as currency market, is a universal decentralized market that provides traders an opportunity to trade currencies. It is a market which incorporates all aspects of buying, selling, and exchanging currencies at the present-day or determined rates.


There are different kinds of forex brokers that you can choose to trade forex with. However, though all the brokers in forex are intended to provide a similar basic solution, the way they operate behind the scenes is different. Different types of brokers have varying techniques of operation, and the specific broker you cooperate with can significantly determine your success rate as a forex trader. Here are some crucial factors that will enable you determine which broker between a true ECN and STP broker is the best one to trade forex with:


Understanding true ECN vs STP broker


True ECN i.E. Electronic communications network brokers operate without their individual dealing desk. These brokers provide an electronic trading platform where professional market makers at monetary organizations such as banks, and other online trading participants including traders can enter bids and offers through their particular systems.


STP i.E. Straight through processing brokers are brokers without a dealing desk also. These brokers apply some of the techniques utilized by market makers to provide their particular clients with trading conditions which are more flexible. By STP brokers hiring some of the tactics of market makers, they are able to bypass the limitations connected to trading exclusively within the interbank market.


General overview of true ECN and STP brokers



  • Use of scalping techniques



True ECN and STP forex brokers do not care about how much their particular traders make. Therefore, these types of brokers allow traders to utilize scalping techniques to close their respective positions. Note that false ECN and STP brokers cannot allow you to use scalping techniques as a trader since they will be disadvantaged anytime you make small profits.


True ECN and STP brokers are types of forex brokers without a say when it comes to control on spread provided. These brokers have no control on spread offered since it’s the liquidity provider that determines the spread which is to be provided.


Though true ECN and STP brokers can add markups when necessary, they cannot in any way take it further down than the amount provided.


Difference between true ECN and STP brokers



  • Commission charged



On true ECN accounts, as a trader you will be required to pay a fixed commission to open and close trades. The spreads offered on true ECN accounts are determined by the rates of liquidity providers.


When using STP accounts as a trader, you will not be required to pay any commissions.


Pros of trading forex with a true STP broker



  • Cannot bankrupt themselves



True ECN brokers cannot trade against their specific clients to bankrupts themselves.



  • Similar price rates



If you are a forex trader, trading with a true ECN broker means you are guaranteed of price rates that are similar to those of the interbank market.



  • Negative balance protection



As a trader utilizing the trading account of a true ECN broker, the broker will be accountable for any dues with liquidity providers should your account read negative as a result of any reason beyond their control.


Cons of choosing a true ECN broker


Dealing with a true ECN broker will require you to pay rollover fees and commission at times.


Pros of trading forex with an STP broker



  • Their rates and the interbank prices are same

  • They provide their clients low entry capital requirements



Cons of choosing an STP broker


Choosing an STP forex broker means when you enter a trade you’ll not be informed what spread to expect.


Most true ECN and STP brokers are linked to several liquidity providers at the same time period. Despite both true ECN and STP brokers having incredible trading solutions which can meet your needs as a trader, their terms of operation vary. Whether you will choose a true ECN or STP broker, the rule of thumb is always ensuring you minimize losses and maximize profits as much as you can when trading forex. Ensure you compare carefully the terms of service of both a true ECN and STP broker before you choose one to handle your trading needs.



Binary option brokers with low minimum deposit


Best Minimum Deposit Binary Options Brokers


Without making large investment, binary options are the best way to earn a profit. Brokers offer a condition to deposit with minimum amount because most of the brokers try to attract the number of possible customers.


Those brokers who offer with minimum deposit of trading binary options shows their loyalty to their customers and in the beginning they allow to reduce the risk by investing the small amount and some of brokers offer with the deposit of $1, $5 or $10, which is the affordable amount for any of the trader at his first step in financial market. There are several brokerage companies that allow to open account with a deposit of $1-10 dollars and with this amount the trader can try to make a successful trading. Practice describes the statement that even with investing a small amount there is a chance to develop an activity that is successful, whenever on stock exchange or with binary options broker.


Best brokers with the minimum deposit $1 – $10


Low Minimum Deposit Binary Options -


Many traders pay attention to low minimum deposit while choosing broker. For the novice or average trader this gives an opportunity to start trading from scratch.


This way traders can check the integrity and reliability of trading platform with minimum deposit. The binary options cost is an important consideration for those traders who want to buy binary options at minimal cost of 1 dollar.


IQ option – EU regulated broker with $1 minimum trade


iq-option-logo
iq option - $10 minimum deposit


IQ option allows to enter financial market with the limited funds and provides traders with really innovative trading platform and customer support on 20 different languages. Broker minimum deposit is $10, in addition free demo account available to everyone. IQ option is a highly reliable broker, regulated by cysec.


Olymptrade – binary options with $10 initial deposit


Minimum deposit binary options broker


Olymptrade is the another well-known broker started his business from scratch and with a history of vivid illustration that the person can achieve with high financial peaks with minimum option of $1 and deposit of $10 the beginners can proceed from demo account to real treading.


Binomo


Binomo trading platform binary options


Binomo attracts young and perspective customers with their ability to trade with trading binary option with deposit of $10 and $1 minimum deal amount. The company becomes popular in the beginning because it offers to start with minimum deposit and also offers free demo account that anyone can start using immediately.


Ayrex – $5 minimum deposit and high quality platform


ayrex binary options
Ayrex Minimum deposit binary options trading


Ayrex is one of the distinctive upcoming binary options brokers in the industry. The type of seriousness shown by their team will go a long way in taking them to new heights. The minimum deposit is $5 to start trading with the broker.


Binary.Com – start trading binary options with $5


Binary platforms $5 minimum deposit
lowest deposit options - binary.com


For binary options trading the binary.Com is the oldest platform among all. To open an account with binary.Com you need to deposit with the amount $5 and this company with innovative products is developer in trading. The company keeps the clients funds in banks with AAA rates and ensures you with the complete safety on all the deposits, no matter on the sizes and without exception.


Some of the brokers like IQ option, binary or olymptrade that offer with the simple solutions that don’t require of large expenditures but the profits from these brokers are not so high but for the traders who are experienced invaluable and are the beginners are the best option for them and who want to understand trading binary options with mechanics. Companies confidently occupy with the rating and a leading position of the binary option brokers with a minimum deposit.



The best binary option trading platforms and brokers of 2020


In this guide, we're going to review the best binary option brokers to help you decide which trading platform is right for you. We've analyzed over 21 different binary brokers on a variety of factors including payouts, trading platform, deposit methods, features, regulation, and company reputation.


It's important to understand that not all binary options trading platforms are created equal. Some binary options sites might have great payouts, while others might have faster withdrawals or bigger deposit bonuses. Picking a trading broker often comes down to what's most important to you.


Below you will find our rankings of the top binary options trading brokers of 2020.


Top 8 best binary options brokers of 2020



  1. Pocket option - best for USA traders

  2. Binarycent - best for copy trading

  3. Raceoption - best bonuses

  4. IQ option - best trading platform

  5. Binary.Com - best for beginners

  6. Expertoption - best for social trading

  7. Olymp trade - best for traders from india

  8. Binomo - best for trading tournaments


10 Min Deposit Forex Brokers | Cheapest Forex Brokers 2021, best brokers that i can start with 10$.


10 Min Deposit Forex Brokers | Cheapest Forex Brokers 2021, best brokers that i can start with 10$.


10 Min Deposit Forex Brokers | Cheapest Forex Brokers 2021, best brokers that i can start with 10$.




10 Min Deposit Forex Brokers | Cheapest Forex Brokers 2021, best brokers that i can start with 10$.



10 Min Deposit Forex Brokers | Cheapest Forex Brokers 2021, best brokers that i can start with 10$.


10 Min Deposit Forex Brokers | Cheapest Forex Brokers 2021, best brokers that i can start with 10$.


Review of the top binary option sites and companies


1) pocket option


pocketoption


Pocket option is a binary options brokerage that provides online trading of more than 100 different underlying assets. Pocket option is one of the only sites that accept new traders from the united states and europe. Established in 2017, pocket option is based in the marshall islands and is licensed by the IFMRRC (international financial market relations regulation center).


Pocket option has great terms and conditions for its traders including no commission on deposits and withdrawals, over 100+ payment methods, indicators and signals, social trading, bonuses, high returns, and more. Pocket option provides bonuses of up to 100% when you open an account, which is among the best in the industry.


If you're looking for a binary broker that caters to customers around the world, including USA and europe, then pocket option is one of the best options available.



  • Maximum profit: 96%

  • Min. Deposit: $50

  • Min. Trade: $1

  • Assets: 100+ crypto, commodities, stocks, and currency pairs

  • Platform: web, android, ios, and windows


2) binarycent


binarycent


Binarycent is a binary option site that offers forex trading, cfds, and options with payouts up to 95%. Binarycent was established in 2017 and is owned by a company called cent project LTD, which is a subsidairy of the finance group corp. This company is located in vanuatu and accepts international traders including the united states, canada, australia, and the UK. Binarycent is regulated by the VFSC (vanuatu financial services commission).


The biggest advantages of using binarycent include minimum trades of just 10 cents, leverage up to 1:100, and copy trading. Copy trading allows you to follow the most successful traders on the platform and to see their live trades in real-time. By copying other profitable users, you can increase your chances of success.



  • Minimum deposit: $250

  • Minimum trade: $0.10

  • Assets: cfds, forex, and options

  • USA friendly: yes



3) raceoption


raceoption


Raceoption is a binary options broker that is based in the UK and established in 2014. Raceoption processes more than 10,000 trades per day and is one of the only companies that allow clients from the united states, canada, and australia. Raceoption has no restrictions on what country you're located in.


The biggest selling points to raceoption are 1-hour withdrawals, deposit bonuses up to 100%, and weekend trading. This trading platform is available in three versions: web, android, and iphone. They offer CFD trading, 60 seconds, one touch, live charts, and instant execution of trades.


Overall, raceoption is a reliable broker that offers attractive payouts up to 90% and a variety of funding options including credit card and cryptocurrencies such as ethereum and bitcoin. This platform is best suited for beginners that are looking for a simple interface that is easy to understand.



  • Minimum deposit: $250

  • Payouts: 90% max

  • Bonus: 20-100% deposit match

  • USA friendly: yes



4) IQ option



IQ option is a broker that is based in cyprus and regulated by the cysec (cyprus securities and exchange commission). Since 2013, IQ option has been one of the most successful online trading platforms with over 43 million registered users, over 1 million trades per day, and clients from over 213 countries.


IQ option has the best trading platform of all the brokers I've reviewed. They have over 250+ assets to trade including binary options, digital options, as well as cfds on stocks, crypto, commodities, and etfs. Their binary options pay up to 95% on successful trades, while their digital options offer return rates up to 900%


The IQ option platform is available on the web or through one of their trading apps (android, ios, mac, and windows). Free demo accounts are available with $10,000 in virtual money to practice with. Their platform comes with everything you'd want and expect including multi-chart layouts, financial indicators, technical analysis, and real-time alerts. They also have several risk management features including stop loss, take profit, negative balance protection, and trailing stop.


If you're looking for the best binary trading platform, IQ option should be near the top of your list.



  • Minimum deposit: $10

  • Max payout: 95%

  • Min. Trade: $1



Note: this broker does not accept clients from the united states, canada, european economic area, japan, israel, australia, and puerto rico.


5) expertoption



Expertoption is a trusted broker that has been around since 2014, offering binary options on over 100+ assets including stocks, cryptocurrency, forex, and commodities. Expertoption is located in saint vincent and the grenadines and is regulated by the VFSC (vanuatu financial services commission) and FMRRC (financial market relations regulation center). This broker serves clients from over 150 countries and has over 32,000,000 registered users on their platform.


Expertoption offers some of the best payouts on the market, with profits as high as 95%. Their platform is very easy to use for beginners and also has some features that even advanced traders will appreciate such as 4 different chart types, 8 indicators, and trend lines. Expertoption also offers social trading, which allows you to trade binary options with your friends or follow other VIP traders and see their active trades in real-time.


Expertoption offers over 20 different payment methods including E-wallets, credit cards, cryptocurrency, and bank transfer. This binary broker also offers a free demo without registration. Overall, if you're looking for a great payouts and a solid trading platform, expertoption is an option worth considering.



  • Min. Deposit: $10

  • Min. Trade: $1

  • Max profit: 95%



Note: this broker does not accept clients from the USA, canada, european economic area, switzerland, israel, new zealand, australia, puerto rico, singapore, bangladesh, vanuatu, yemen, and sudan.


6) olymp trade


olymp trade


Olymp trade is a cyprus-based broker that is regulated by the international financial commission. This license ensures that traders are supported by deposit insurance, comprehensive support, and a prompt resolution of all issues. Olymp trade has been a part of the options market since 2014 and has consistently improved their platform over the years. As of 2020, there are over 25,000 users trading with olymp trade every day.


Like most of the top brokers, olymp trade has a web-based platform and apps available for iphone and android. They have over 75 different underlying assets that you can trade with. Demo accounts are available if you'd like to test-drive the olymp trade platform. This broker has a variety of educational resources available to their clients including trading strategies, webinars, and more.


Note: olymp trade does not accept clients from european economic area, australia, canada, USA, japan, israel, new zealand, russia, spain, sweden, and switzerland.


7) binary.Com



Binary.Com is an online trading platform that offers binary options and CFD trading. Owned by a company called binary group LTD and founded in 1999, this broker is one of the oldest and most respected names in the binary options trading industry with over 1 million registered users worldwide.. Binary.Com has offices in channel islands, malta, saint vincent and the grenadines, malaysia, british virgin islands, and vanuatu. Binary.Com is regulated by vanuatu financial services commission, british virgin islands financial services commission, malta financial services authority, and labuan financial services authority.


Binary.Com has several different trading platforms that you can use including:



  • Deriv - A perfect solution for beginners with an easy-to-use platform that is rich with features.

  • Smarttrader - trade in the world's financial markets with a simple and user-friendly online platform.

  • Tick trade android app - ultra fast trading on-the-go.

  • Metatrader 5 - an advanced multi-asset trading software that includes forex, cfds, and binary options.

  • Binary webtrader - an advanced binary options trading interface to monitor the movements of your favorite markets at the same time.

  • Binary bot - automate your own trading strategies with a simple "drag and drop" bot creation tool.




Compare brokers for trading NASDAQ 100


For our trading nasdaq 100 comparison, we found 20 brokers that are suitable and accept traders from ukraine.


We found 20 broker accounts (out of 147) that are suitable for trading NASDAQ 100.


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About XTB


Platforms


Funding methods


82% of retail investor accounts lose money when trading cfds with this provider.


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About IG


Platforms


Funding methods


76% of retail investor accounts lose money when trading spread bets and cfds with this provider


Plus500


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About plus500


Platforms


Funding methods


76.4% of retail CFD accounts lose money


Avatrade


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About avatrade


Platforms


Funding methods


79% of retail investor accounts lose money when trading cfds with this provider.


Forex.Com


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About forex.Com


Platforms


Funding methods


79% of retail investor accounts lose money when trading cfds with this provider


Axitrader


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About axitrader


Platforms


Funding methods


68.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


Etoro


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About etoro


Platforms


Funding methods


71% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.


XM group


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About XM group


Platforms


Funding methods


78.04% of retail investors lose money when trading spread bets and cfds with this provider.



City index


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About city index


Platforms


Funding methods


73% of retail investor accounts lose money when trading cfds with this provider


Easymarkets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About easymarkets


Platforms


Funding methods


83% of retail investor accounts lose money when trading cfds with this provider.


Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.


The ultimate guide to


The NASDAQ-100


The nasdaq is an american stock market owned and operated by nasdaq inc. It is the second largest in the world by market capitalisation, after the new york stock exchange. The nasdaq-100 (NDX) is a modified capitalisation-weighted index composed of 100 of the largest equity securities listed on the nasdaq. It includes companies from a wide spectrum of nonfinancial industries, such as technology, health care, and retail. The nasdaq-100 is the premier large-cap growth index and provides the basis for benchmarking numerous investment products. Around 50 billion etps (exchanged traded products) were benchmarked to the nasdaq-100, according to a study by the nasdaq research team in 2015.


Nasdaq-100 was launched on january 31st, 1985, presenting itself as an alternative to the NYSE indices. It created two separate indices: the nasdaq-100, which consists of stocks from industry, retail, technology, telecommunication, healthcare, biotechnology, transportation, media & services; and the nasdaq financial-100, which consists of insurance firms, banking companies, brokerage, and mortgage companies. Nasdaq expected these to be used as benchmark indices by market participants, anticipating a healthy derivatives market to develop around them. The index was rebalanced to a modified market cap index on december 21st, 1998, followed by special rebalance effective from may 2nd, 2011.


Composition


The index comprises 100 of the largest non-financial organisations, based on market capitalisation, that are listed on the nasdaq stock market. The past three decades have seen nasdaq-100 evolve from being the market’s technological index to a leading indicator of strong growth potential companies, who are leading industry-wide innovation. Companies included in the nasdaq-100 have driven economic growth in the recent years and they represent a shift in the business world in the 21st century. By the end of 2014, 448 stocks had been a member of the nasdaq-100 since its inception. In recent years, somewhere between 7 to 15 stocks have been added or removed each year. The top ten companies who have held the highest weights in the index during the recent years are apple, microsoft, amazon, google, facebook, gilead sciences, intel, cisco & comcast. The main sectors included in nasdaq 100 as at the 30th june 2019 were: technology – 53.48 %; consumer services – 24.63%; health care – 11.10%; consumer goods – 5.49%; industrials – 4.33%; and telecom – 0.97%.


The top ten securities by weight as at 1st may 2019 were as follows:


TICKER SECURITY WEIGHT
AAPL APPLE INC. 10.70%
MSFT MICROSOFT CORP 10.57%
AMZN AMAZON.COM INC 10.12%
FB FACEBOOK INC 5.01%
GOOG ALPHABET CL C CAP 3.89%
GOOGL ALPHABET CL A CMN 4.43%
CMCSA COMCAST CORP A 2.34%
INTC INTEL CORP 2.73%
CSCO CISCO SYSTEMS INC 2.93%
NFLX netflex 1.98%


Eligibility for nasdaq-100 inclusion


The eligibility criteria for any stock to be included in nasdaq-100 are as follows:



  • Listing – the primary listing in the US must be exclusive to the nasdaq global market or the nasdaq global select market. Securities that were dually listed on other US markets prior to jan 1st, 2014 and have continuously maintained such a listing, are the exception to the rule.

  • Security types – security types eligible for listing include common stocks, adrs and tracking stocks. Close-ended funds, convertible debentures, etfs, llcs, limited partnership interests, preferred stocks, rights, warrants and derivative securities are not eligible to be included in the index.

  • Market capitalisation – there are no qualifying criteria for market capitalisation as such, inclusion is only determined based on the top 100 largest companies in the eligible industries by market capitalisation.

  • Liquidity – A minimum of 3 months average daily trading volume (ADTV) of 200,000 shares.

  • Security seasoning criteria – the security must have ‘seasoned’ in either the nasdaq, the NYSE or the NYSE amex for at least 3 months, excluding the month of the initial listing



How the value of nasdaq-100 is derived


The nasdaq-100 is a modified market capitalisation-weighted index, which means that its value is derived from the aggregate value of index share weights of each index security, multiplied by the last trading price of the security, which is then divided by the divisor of the index. The divisor serves the purpose of scaling down the obtained aggregate value, which is more desirable for the practical use of the index.


The base value of the index was set at 250, and reset to 125 when it closed at 800 on december 31st, 1993.


The index value is calculated on each trading day, based on the last traded price, once per second for the whole trading window of the day.


How to trade the nasdaq-100


The index can be traded through financial institutions such as brokers and serves as an underlying asset for a variety of products. These include exchange-traded funds (etfs) and derivative instruments such as futures, options, and contracts for difference (cfds).


Etfs are funds whose value reflect the value of an index as they are composed of shares that are present in the index itself. The etfs attempt to track the index as closely as possible. Etfs can be traded on the exchange and can be bought as individual stock, allowing traders to follow the index with just one holding.


Another way of speculating on the movement of the indices without owning the shares is through cfds. As cfds allow users to speculate on the value of the index, traders can go for long contracts when they believe the index will move up and the price will therefore increase; or go short on the CFD when they believe the index is going down and prices will therefore decline. Cfds are usually highly leveraged products, which means that traders can have a large holding for a relatively small margin. Margin refers to the proportion of the trade that is required to be put down as deposit.


CFD products are highly popular for the nasdaq-100 index.


Benefits of CFD trading on nasdaq-100



  • Enables access to one of the most popular and growth oriented indices in the market without the requirement of actually owning shares in the underlying companies.

  • Maximises the potential of the portfolio by using leverage – although it must be noted that this can also go against the trader when markets move in the opposite direction to which they have speculated.

  • Allows traders to take a speculative stance on the overall market movement, whether they believe it will move up, or down.

  • Cuts down the cost of a portfolio of companies by trading on the index.

  • Availability of a large pool of regulated brokers who provide a platform to trade on NSD-100 cfds, making it convenient for traders.


However, it is necessary to keep in mind that cfds are highly leveraged products and pose a considerable risk of loss of capital. Only experienced traders with the right risk appetite should venture into trading in these instruments.


Authorised and regulated online CFD broker plus500 offers a US-TECH 100 (NQ) CFD which is based on the E-mini nasdaq 100 futures, itself based on the underlying nasdaq 100 index. Trades in the instruments are offered at a spread of 1.7, with a minimum contract size of 1, and an initial margin requirement of 0.33. The intuitive platform calculates the minimum trade sizes and margins required to place a trade automatically. The manual calculation is as follows: CFD margin = V (lots) × contract × market price × margin rate, %.


Current value of nasdaq-100 index


Nasdaq-100 Index 30 Jul 17


Conclusion


Nasdaq-100 is one of the most comprehensive market indices that captures the overall movement of 100 market mover stocks. The index is well diversified in sectoral allocation and has beaten multiple other indices in its returns. The index serves as the benchmark and underlying value for numerous other instruments such as etfs and multiple derivative products such as cfds. Cfds for the nasdaq-100 are readily available and offered by many regulated brokers, such as plus500 and avatrade. The trading platforms offered by these brokers are user-friendly and compatible on hand held devices as well as desk top computers.


Why choose XTB
for trading NASDAQ 100?


XTB scored best in our review of the top brokers for trading nasdaq 100, which takes into account 120+ factors across eight categories. Here are some areas where XTB scored highly in:



  • 16+ years in business

  • Offers 1,500+ instruments

  • A range of platform inc. MT4, mirror trader, web trader, tablet & mobile apps


XTB offers three ways to tradeforex, cfds, social trading. If you wanted to trade NASDAQ100


The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.


XTB have a AAA trust score. This is largely down to them being regulated by financial conduct authority, segregating client funds, being segregating client funds, being established for over 16


Trust score comparison


XTB IG plus500
trust score AAA AAA AA
established in 2002 1974 2008
regulated by financial conduct authority financial conduct authority and ASIC financial conduct authority (FRN 509909) and cyprus securities and exchange commission (license no. 250/14). Plus500au pty ltd (ACN 153301681), licensed by: ASIC in australia, AFSL #417727, FMA in new zealand, FSP #486026; authorised financial services provider in south africa, FSP #47546
uses tier 1 banks
company type private private private
segregates client funds

A comparison of XTB vs. IG vs. Plus500


Want to see how XTB stacks up against IG and plus500? We’ve compared their spreads, features, and key information below.



Best forex brokers in nigeria for 2021


We compared & then selected the 8 best forex brokers in nigeria that are regulated with FCA (UK), cysec & FSCA.


Best Forex Brokers in Nigeria 2021


Forex trading is a popular financial instrument for investing in the markets. However, choosing the right forex broker can be a tricky task.


In a rapidly developing country such as nigeria, there are so many good brokers, but there are also a lot more scam brokers operating in the market. So it is really important to only choose trusted & regulated nigerian forex brokers and avoid the bad ones.


In order to help you find the best forex broker, we have tracked & compared over 10 different brokers that accept nigerian investors.


List of 8 best regulated forex brokers in nigeria for 2021


There are various aspects that we looked into in order to assess each broker, these include the broker’s compliance with multiple top-tier regulations, broker reviews, the amount of fee charged (even the hidden charges), leverage offered, minimum deposit, funding & withdrawal methods and time taken etc.


Our below vetted list is created especially for nigerian traders; it will quickly allow you to compare the key features that you need to look for in any reputed forex broker.


Best forex brokers in nigeria


Here’s our updated list of the 8 best performing forex brokers in nigeria in terms of trading & non-trading fees, promptness of deposits & withdrawals, trade execution, support & deposit bonus (last 6 months):


1. FXTM – best forex broker in nigeria (instant order execution, low deposit & easy withdrawals)


Overall rating 9/10



  • Fees: 1.9 pips average spread for EUR/USD with standard account. And 0.3 pips (plus $0.4 per mini lot) with ECN MT5 account.

  • Account minimum: ₦2000 or $10 (cent account)

  • Leverage: 1:1000

  • Promotion: no deposit bonus available currently


Ranks #1 forex broker in nigeria


Forextime or FXTM is the best forex broker in nigeria, and they are one of the few forex brokers that has local office & phone number in nigeria. They are safe for nigerian traders as they are regulated under various trusted jurisdictions such as the FCA in UK, cysec in cyprus, FSCA and FSC of mauritius. FXTM is our recommended forex broker for nigerian traders.


FXTM’s was founded in 2011 & they are a FCA regulated forex broker, which is a top tier regulation, so we consider them to be a safe broker. They offer various account types, all of them can be funded in USD or naira & have very low minimum deposit requirements starting from just ₦2000 with the cent account. This makes FXTM a very good choice for nigerian traders.


Apart from forex trading, FXTM also offer other instruments such as cfds on commodity futures and cfds on spot metals making them a very attractive choice for traders looking to diversify their portfolio. They have also recently upgraded its range of currencies & now offer 57 major & minor currency pairs.


Another important factor that we look for in a broker is their promptness of support & withdrawals, and FXTM beats other brokers hands down in this area.


FXTM broker offers local customer support in english & has 19 deposit & withdrawal options which includes many methods for nigerian traders including bank deposit & card payment. Even allows users to create a demo account in order to build their confidence and learn the art of trading. FXTM also offers a wide range of educational material to its clients, including trading webinars.



  • FXTM is a highly regulated forex broker, so trading with them is safe. They are regulated globally with 3 top tier regulators i.E. FCA(UK), FSCA & cysec.

  • You can start trading with ₦2000 deposit, making them a good option for new traders.

  • Low spreads for most major & minor currency pairs including EUR/USD with ECN MT5 account.

  • Fast withdrawals in nigeria.

  • Live chat support is available 24/5 & for few hours during weekends. Their support overall is quite good.




  • FXTM has bit higher spread with their standard accounts compared to other brokers. For ex. Their typical EUR/USD spread with standard account is around 1.9 pips on average, but its still competitive.



2. Hotforex – best regulated forex broker with low spread & 100% deposit bonus



Overall rating 9.0/10



  • Typical fees: 1.2 pips spread for EUR/USD with micro account & 0.3 pips with zero account. This would be variable depending in the market conditions.

  • Account minimum: $5 (₦2000)

  • Leverage: 1:1000

  • Promotion: get 100% bonus on new deposits with at-least ₦30,000 deposit required.


Ranks #2 forex broker in nigeria


Hotforex is our recommended low cost broker for nigeria. They have a local office & phone support in nigeria & are a highly regulated broker (FCA, FSCA & cysec). They are a 100% STP broker which ensures very fair dealing. Plus they offer very good order execution on all trades, have really low spreads for EUR/USD & other majors, and very good customer support as well. We highly recommend hotforex for beginner traders looking for a well regulated low cost broker in nigeria.


Hotforex was established in the year 2010. They are regulated with FCA (UK), cysec & even financial sector conduct authority (south africa), so we find them to be a trusted broker for nigerians.


They have very low minimum deposit, as low as $5. Also, they offer extremely competitive spread of 0.3 pips for EUR/USD with zero account (1.2 pips with premium, micro accounts), 0.8 for USD/JPY, 0.6 for GBP/USD (this may vary depending on the market fluctuations).


Further, hotforex offers trading on various platforms that can be accessed from android, iphone and desktop. You can trade on the metatrader 4 or metatrader 5 platforms, both of which are the most widely used trading platforms in the world.


Hotforex also offers local bank withdraw and deposit methods for nigerian traders, and there are many wallet options as well. Plus, hotforex have ongoing deposit bonus promotion available for traders in nigeria.



  • Hotforex is a highly regulated broker, as they are regulated by 3 top-tier regulatory authorities FCA, FSCA & CYSEC. This ensures very fair dealing.

  • Low minimum deposit requirements of $5.

  • Hotforex has one of the lowest spread of all the brokers that we have compared. Around 0.3 pips typical spread for EUR/USD with their zero account.

  • Very attractive 100% sign up bonus for new customers & good loyalty program for existing customers.

  • Hotforex offers local deposit options like bank transfers for nigerian customers. You would need to talk to their live chat for the local bank funding options.

  • Very good support available via live chat, phone & emails.

  • 100% depoit bonus available for every deposit of $250 or higher.




  • Their commission per lot of $6 (roundturn) with zero account is higher than other brokers like IC markets, FXTM that offer similar low spread ECN type accounts.



3. Octafx – low spread broker, commission free local deposits, withdrawals & 50% deposit bonus



Overall rating 8.9/10



  • Fees: 1.1 pips typical spread for EUR/USD with MT4 micro accounts. And 0.7 pips (plus $0.3 per mini lot) with ECN ctrader account.

  • Account minimum: $50 (₦18,000)

  • Leverage: 1:500

  • Promotion: 50% deposit bonus on all deposits


Ranked #3 forex broker in nigeria


Octafx is a cysec regulated forex broker that also accepts nigerian clients. They offer good trading conditions including competitive spread, fixed as well as variable spread MT4 accounts, local nigerian bank deposit & withdrawal methods, and multiple trading platforms i.E. MT4, MT5 & ctrader for mobile, web, and desktop.


Octafx is a forex & CFD broker that was established in 2011. They have 3 account types i.E: MT4 micro account for new traders with spread starting from 0.4 pips, the MT5 account for expert traders with 0.2 pips spread & ctrader ECN account for professional traders with the lowest raw spread & direct market execution. All their accounts have good trading conditions with support for scalping & hedging.


Their trading instruments on offer are limited though, as octafx offers forex trading on 28 currency pairs, and CFD trading on metals, energies, indices & cryptocurrencies. But they have competitive spread on their available trading assets, especially for traders who are looking to trade major currency pairs, and 3 main cryptos (bitcoin, ethereum and litecoin).


Their support is also very responsive in handing issues. Their live chat support is available for 5 week days, and email support is available 24/7. They also have whatsapp text support available. But they don’t have a nigerian phone number currently.


The funding & withdrawal options at octafx are very wide for nigerian traders. They offer instant funding via skrill, neteller, and quick zero fees funding via bank transfer, or cash, or ATM in their gtbank account. Also they offer BTC funding & withdrawal.



  • Octafx is a cysec regulated forex broker, so it is considered safe for nigerian traders to trade with them.

  • Their spreads for major currency pairs is quite competitive. For ex. Their spread for EUR/USD starts from 0.4 pips even with their beginner MT4 micro account.

  • Local deposit & withdrawals options available in nigeria, and they don’t charge any fees with this method. Also instant wallet funding and withdrawals options are available.

  • Their support overall is good, as their live chat support is available 24/5, and their email support is available 24/7.

  • They have a 50% deposit bonus available for all deposits.




  • Octafx has lesser trading assets available as compared to other forex brokers. They have 28 currency pairs, cfds on 4 metals, 10 indices & 3 cryptos (bitcoin, litecoin, ethereum).






So, let's see, what we have: forex brokers with $10 minimum deposit. Are you looking for forex broker that allows you to trade with the initial deposit between $10? Here is the list of forex brokers that allow you to deposit just $10 and trade! At best brokers that i can start with 10$

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