For this list, we have searched and tested several Micro Account Forex brokers offering micro accounts.

We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. Then, we placed real trades in each popular market to get the real spreads.

Also, we contacted the customer support team to solve the problems we faced. Finally, to find out whether the withdrawal process is smooth and clear, we withdrew our funds.

Based on our experience as a trader, we chose the best forex brokers with micro accounts.

What is a Micro Forex Account?

Micro Forex Account is designed to trade in Micro lots instead of Standard lots and is essential feature for some strategies, beginning traders or traders who would like to trade smaller size of the Currency, Stock or Futures.

Micro account is one of the three among popular forex account structures: the other two are mini and standard accounts.

Most of the forex brokers allow micro account holders to start trading with small deposits. Some allow deposits as low as $1.

Forex Micro Lot Size

These types of forex trading accounts bear much lower risk. While the usual lot size in forex trading is 100,000, micro account holders can access a lot size of only 1,000 which is also called a micro-lot.

  • 1 micro lot = 1,000 currency units
  • 1 mini lot = 10,000 currency units
  • 1 standard lot = 100,000 currency units

Best Leverage for Micro Account

Despite the smaller lot size, micro account holders can still access similar trading conditions like any other account type by using leverage (leverage levels depending on the instrument and regulation, or specific trading strategy). The main purpose of leverage of Micro accounts is to make small retail traders access trading with larger expansion.

Forex Micro vs Standard Account

Micro accounts are handled the same way as Standard accounts, however, Forex Micro vs Standard accounts are different in the size of the lot; instead of trading full units or lot, you trade micro-lots.

Best Forex Micro Account Brokers

To select the best forex brokers offering micro accounts, we tested and reviewed several forex brokers. We opened live accounts and deposited real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

  • RoboMarkets (RoboForex) – Best Overall Micro Account Forex Broker
  • XM – Best Micro Account Forex Broker for Beginners
  • HotForex – Best High Leverage Micro Account Forex Broker
  • FXTM– Best MT4 Micro Account Forex Broker
  • FBS – Best Micro Account Forex Broker with Low Spread and Fees

Best Micro Forex Brokers for Beginners

We have picked XM as the best micro account forex broker for beginners.

XM stands out for its excellent resources of education both for the workings of the forex market and trading strategies. The broker is strictly-regulated, and holds licenses in the UK, Cyprus, Australia, UAE, and Belize.

XM gives access to more than 1,300 instruments, including currency pairs, stocks, indices, and commodities. As to its Micro Account, it is versatile, supporting 11 base currencies. There is a lot restriction of 100 micro lots. Moreover, XM offers negative balance protection on all its account types.

Best MT4 Micro Forex Trading Platform

We have picked FXTM as the best MT4 micro account forex broker.

FXTM’s Micro Account offering stands out as the broker only offers services on the MT4 platform. For other account types, the broker also provides MT5 and FXTM Trader.

FXTM offers around 62 currency pairs, along with CFDs of indices, commodities, stocks, and cryptocurrencies. It also takes four fiats (USD, GBP, EUR, and NGN) as base currencies. It offers instant execution, and the maximum trading volume for a position is limited to a single standard lot.

FXTM is regulated in the UK, Cyprus, South Africa, and Mauritius.

Best Micro Account Broker with Low Fees

We have picked FBS as the best micro account forex broker with low fees.

As for trading-related fees, FBS undoubtedly offers the best micro account. FBS has minimum non-trading fees. Also, our testing reveals that the spreads charged by the broker on EUR/USD pairs are equal to 1.13 pips. This is considerably less than the industry average.

Micro Account Forex Brokers List

We have tested and reviewed forex brokers that offer micro accounts, and have come up with the list below:

Forex BrokerAccount TypeVisit BrokerBroker Review
XMMicro AccountDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
RoboMarkets (RoboForex)Micro AccountDeposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets (RoboForex) Review
FBSMicro AccountDeposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
HotForexMicro AccountNAVisit HotForex

Also, here is the list of the brokers that do not offer a separate micro account, but allow trading with micro lot:

  • FP Markets
  • Exness
  • eToro

FAQ and More on Brokers Offering Micro Accounts

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to forex brokers offering micro accounts.

Micro Account Forex Brokers in Australia

We picked XM as the best micro account forex broker in Australia. The broker offers excellent educational resources. It’s trading strategies are also great. XM is well-regulated and holds licenses in Australia, UK, Cyprus etc.

Micro FX Accounts in South Africa

The Financial Sector Conduct Authority (FSCA) regulates all forex brokers operating in South Africa. Some of the FSCA-regulated forex brokers offering micro accounts in South Africa are:

  • FXTM
  • HotForex

Micro Lots Forex Brokers in India

The Securities and Exchange Board of India (SEBI) oversees Indian financial services players. Still, the regulation of forex brokers is quite loose in the country. Some of the well-regulated forex brokers with micro accounts in India are:

  • FBS
  • XM
  • HotForex

Forex Micro Account MT4

Among retail and professional traders MetaTrader4 is the most popular trading platform for forex and CFDs trading.

Forex brokers that offer micro accounts on the MT4 platform are listed below:

  • FBS
  • RoboMarkets (RoboForex)
  • XM
  • HotForex

High Leverage Micro Forex Brokers

In forex trading leverage is of great importance. It allows traders to take a higher position, which can increase the profits drastically. Some of the high leverage forex brokers offering micro accounts are:

  • FBS
  • XM
  • HotForex

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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