Forex Brokers With $100 Minimum Deposit

One of the key considerations for forex traders while choosing a broker to trade with is the minimum deposit required. Forex brokers that offer a minimum deposit of $100 are very common and provide traders with a considerably affordable entry point to the markets. Nonetheless, it is still hard to pick the best among the many that offer this minimum deposit amount. Traders still have to consider other factors such as the regulatory status, the assets available, and the trading platform offered. In this comprehensive review, we will look at some of the best forex brokers with a $100 minimum deposit. We are going to look at the various features to see which brokers stand out. Let’s begin.

FP Markets

FP Markets is a global forex and CFDs broker that was established in 2005 in Australia. This broker accepts a minimum deposit of $100 which gives traders access to a plethora of markets. Notably, the broker supports a wide range of payment options for traders to make deposits and withdrawals. The various payment options supported by this broker include Credit/Debit cards, Wire Transfers, Neteller, Skrill, PayTrust, Perfect Money, Dragonpay, Apple Pay, Google Pay, and many more.

Regarding the trading instruments available, traders gain exposure to over 10,000 different individual assets. These include over 70 forex currency pairs alongside CFDs on indices, commodities, metals, stocks, bonds, ETFs, and cryptocurrencies. These market products are available to trade on five different trading platforms which include MT4, MT5, Iress, cTrader, and TradingView.

Further, the spreads on this broker site are reasonably low on its two accounts. The standard account of this broker offers traders spreads as low as 1.0 pips for major currency pairs with no commission required. On the other hand, the raw account offers spreads from as low as 0.0 pips plus a commission of $3 per side per lot.

Finally, FP Markets is a regulated broker in various jurisdictions. These include regulations by the ASIC in Australia, the CySEC in Cyprus, and the FSCA in South Africa, among others. Regulations by the ASIC and the CySEC stand out as these are two of the most stringent financial regulators in the market today.

72.5% of retail CFD accounts lose money

Forex.com

Forex.com is a global forex and CFDs broker with a presence in many regions including the US, Europe, Africa, and the world at large. With as little as $100, traders can invest in a variety of market products on this broker site. For traders outside the US, traders have access to CFDs on forex, indices, stocks, commodities, and cryptocurrencies. In contrast, traders in the US have access to forex currency pairs.

On another note, traders can make deposits and withdrawals using a variety of payment options. These include Wire transfers, Credit/Debit cards, Skrill, and Neteller. The spreads associated with this broker are reasonably low starting from 0.8 pips on the standard account and 1.0 pips on the MetaTrader account with no commission. On the other hand, the raw account features spreads from as low as 0.0 pips with a fixed commission of $5 per $100k traded. The trading platforms available to traders include MetaTrader 4, MetaTrader 5, TradingView, and Forex.com Trader.

Finally, on regulations, this broker does not disappoint. Its parent company, StoneX, holds licenses from the CFA in the UK, the CySEC in Cyprus, the ASIC in Australia, and the CFTC and NFA in the US, among others.

77.7% of retail investor accounts lose money when trading CFDs with this provider.

Tickmill

Tickmill operates under the regulation of a variety of organisations in the world. These include the FCA in the UK, the CySEC in Cyprus, the FSCA in South Africa, and the FSA in Seychelles. While regulations alone are not enough, they are a sign of brokers that follow the financial laws of the jurisdiction they operate in.

Tickmill also accepts a minimum deposit of only $100 from its clients. There are various payment options traders can use to deposit funds including Credit/Debit cards, Skrill, Neteller, Sticpay, Fasapay, Crypto Payments, UnionPay, and WebMoney. After making a deposit, traders gain access to a wide selection of market products. These include forex and CFDs on stock indices, oil, precious metals, bonds, stocks and cryptocurrency. 

Further, spreads on this broker site are industry-standard starting from 1.6 pips on major currency pairs on the classic account. However, they can go even lower on the raw account from as low as 0.0 pips plus a commission. The commission sits at $3 per side per lot on the raw account. The platforms available to use include MetaTrader 4, MetaTrader 5, and the Tickmill Mobile App.

FxPro

Another broker that accepts a minimum deposit of $100 is FxPro. This broker supports a wide variety of payment options that traders can use to make deposits including Bank Wire transfers, Credit/Debit cards, PayPal, Neteller, Skrill, and more. Once traders make a deposit, they gain access to a wide variety of market products. Specifically, they can invest in CFDs on forex, futures, indices, shares, and cryptocurrencies. This gives investors the chance to diversify their portfolios as they wish.

The trading platforms that traders can use to trade these markets include cTrader, MetaTrader 4, MetaTrader 5, and the FxPro proprietary platform. These platforms are some of the fastest trading platforms in the market which gives traders an added advantage in the market. Moreover, this broker charges some of the lowest spreads when trading.

Particularly, investors enjoy spreads that are as low as 1.2 pips on the standard account with no commission charged. Better yet, the raw and the elite accounts offer spreads from as low as 0.0 pips plus a commission of $3.5 per side per lot. However, the raw and elite accounts require higher minimum deposits than the standard account. The minimum deposit on the raw account sits at $100 while the elite account requires a minimum deposit of $30k in 2 months.

As always, we have to check how a broker is regulated. Well, FxxPro operates under the supervision of a variety of institutions. These include the FCA, the CySEC, and the FSCA.

Markets.com 

Markets.com is a forex and CFD trading platform offering a variety of assets and features for traders. Established in 2009, they are authorized by multiple regulators in the market. These include top-tier ones like the FCA, the ASIC, and the CySEC. It is also regulated by the FSCA, the FSC in the British Virgin Islands, and the FSA in St Vincent and the Grenadines.

The minimum deposit accepted by this broker is $100 which grants access to a wide range of instruments. Deposits and withdrawals can be made through various methods, including credit/debit cards, wire transfers, and popular e-wallets such as PayPal, Skrill, and Neteller. 

Markets.com boasts over 480 tradable instruments. These include CFDs on forex pairs, indices, commodities, cryptocurrencies, shares, ETFs, and bonds. They provide access to these market products through user-friendly platforms including MetaTrader 4 and 5. Further, the broker offers its traders some of the lowest spreads in the market. The spreads start from as low as 0.8 pips for major currency pairs.

Plus500

Next up is Plus500. This is a well-known forex and CFDs broker with regulations from a variety of organizations. Plus500 operates under the close supervision of the FCA, the CySEC, the ASIC, and the FSCA. Brokers with regulations from the FCA, the ASIC, and the CySEC are coveted as they follow very strict laws in the market.

Plus500 aims to simplify the trading experience. Account opening is generally straightforward, and the minimum deposit amount is $100. Funding your account can be done through various methods like credit/debit cards, bank transfers, and popular e-wallets. After making a deposit, traders can speculate on the price movement of a variety of CFDs. These include CFDs on forex, cryptocurrencies, indices, commodities, shares, options, and ETFs.

To invest in these various markets, Plus500 provides traders with market-standard trading platforms and competitively low spreads. A variable spread applies to cover trading fees. As an example, the spread on the EURUSD pair can go as low as 0.8 pips depending on the market. The minimum deposit to open an account is $100 US or equivalent in account currency. The software available to place orders is the in-house built Plus500 trading platform.

AvaTrade

Last on our list of brokers that accept a minimum deposit of $100 is AvaTrade. This broker supports a wide variety of payment options including Wire Transfers, Credit/Debit cards, Skrill, Neteller, and WebMoney. Once a trader makes a deposit, they gain access to over 1,000 different CFDs across a variety of markets.

AvaTrade allows its traders to invest in CFDs on forex, stocks, commodities, indices, cryptocurrencies, ETFs, and bonds. This allows traders to spread their risk across a variety of markets. Further, the spreads offered by the broker are some of the lowest traders can access anywhere. They start from as low as 0.9 pips on major currency pairs with no commission charged. On AvaTrade, clients have access to top-notch trading platforms, MetaTrader 4 and MetaTrader 5. They also have access to AvaTrade’s suite of platforms, AvaTradeGO, AvaOptions, DupliTrade and ZuluTrade.

Let’s now see how AvaTrade is regulated in the market. This broker operates under the watchful eyes of the ASIC, the CySEC, the Central Bank of Ireland, and the FSCA, among others.

Closing Remarks

There are a number of brokers in the market that accept a minimum deposit of $100. In fact, this might be the most common minimum deposit level among many forex brokers. However, there are brokers that stand out among the many. The brokers we have on this list offer a wide selection of market products, quality trading platforms, low spreads, and are regulated by reputable organizations. As such, we see them as fitting to be on this list of forex brokers with a $100 minimum deposit.

Nonetheless, we understand that there are too many brokers of similar characteristics that did not make the list. Moreover, every trader in the market has their own preferences and choices. Ultimately, traders should carefully evaluate their priorities and choose the broker that best suits them. Above everything, they should consider the regulatory status, available assets, spreads, and trading platforms to select the broker.

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