The Top 10 Best Forex Brokers with a $10 Minimum Deposit revealed. We have rated and reviewed the best Forex Brokers with a 10 Minimum Deposit.
This is a complete listing of The 10 Best Forex Brokers with a $10 Minimum Deposit. In this in-depth write-up, you will learn:
- Who is the Best Low Deposit Broker for Beginners?
- Pros and Cons of Low Deposit Trading.
- Low Minimum Deposit Accounts in South Africa.
- Low Deposit Forex Brokers.
- Low or No Minimum Deposit Forex Brokers
- MT4 / MT5 USD 10 Minimum Deposit Brokers
10 Best Forex Brokers with a $10 Minimum Deposit (2025) – A Comparison
🔎 Broker | 🚀 Open an Account | 💰 Minimum Deposit | 📈 Leverage (Up to) | 🔁 Spreads (from) |
🥇 Libertex | 👉 Open Account | $10 USD | Up to 1:500 | Tight spreads, commission-based |
🥈 RoboForex | Open Account | $10 USD | 1:2000 | 0.0 Pips |
🥉 IQ Option | Open Account | $10 USD | 1:30 | 0.6 Pips |
🏅 InstaForex | Open Account | $1 USD | 1:1000 | 0.0 Pips |
📌 Oanda | Open Account | $0 USD | 1:200 | 0.0 Pips |
📍 XTB | Open Account | $0 USD | 1:500 | 0.1 Pips |
🏅 IG | Open Account | $0 USD | 200:1 | 0.8 Pips |
📌 CMC Markets | Open Account | $0 USD | 1:500 | 0.7 Pips |
📍 Axi | Open Account | $0 USD | 1:500 | 0.4 Pips |
🏅 Exness | 👉 Open Account | $10 USD | Up to 1:Unlimited | From 0.3 pips |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Low Minimum Deposit – A Definition
Multiple Forex Brokers require a minimum deposit to open a live trading account.
A higher minimum deposit is generally associated with accounts that offer premium services, whereas lower minimum deposits are offered to attract new customers.
10 Best Forex Brokers with a $10 Minimum Deposit (2025)
- ☑️Libertex – SA Broker with Low Minimum Deposit
- ☑️RoboForex – Best Trading App with Minimum Deposit
- ☑️IQ Option – Overall, the best broker with a USD 10 minimum deposit
- ☑️InstaForex – High User Trust Score
- ☑️Oanda – Best Online Trading Experience
- ☑️XTB – Best Platform for Professional Traders
- ☑️IG – Trusted USD 10 Minimum Deposit Broker
- ☑️CMC Markets – Best Low Minimum Deposit Broker for Beginners
- ☑️Axi – Leading Customer Support
- ☑️Exness – Wide Range of Assets
1. Libertex
Overview
This minimum deposit, starting from 10 dollars, makes Libertex one of the cheapest brokers who accept small initial investments.
Libertex charges for the commission in the trades it executes on various kinds of financial instruments Forex, stocks, and commodities.
Min Deposit
USD 10
Regulators
CySEC
Trading Platform
MT4, MT5, Libertex Platform
Crypto
Yes
Total Pairs
0
Trading Fees
Low
Account Activation
24 Hours
It boasts of high leverage of up to 1:500 and a simple trading platform therefore, it targets newbies and seasoned traders alike.
With such an unprecedentedly low barrier to entry, manifest in unmatched trading conditions with tight spreads and regulated activity, Libertex is very alluring to a budget trading audience.
🔍 Broker | 🥇 Libertex |
📉 Regulation and Licenses | None |
🎁 Bonuses | ✅Yes |
⏰ Support Hours | 24/5 |
📊 Trading Platforms | Libertex App, MetaTrader 4, MetaTrader 5 |
🖱️ Account Types | Libertex Portfolio, Libertex CFD Account |
🪙 Base Currencies | EUR, GBP, USD, CHF, PLN |
📌 Spreads | From 0.0 pips EUR/USD |
📍 Leverage | Up to 1:1000 |
💷 Currency Pairs | 50+; major, minor, and exotic pairs |
💶 Minimum Deposit | 10 USD |
💵 Inactivity Fee | 10 EUR after 6 months of inactivity |
🔊 Website Languages | English, Spanish, Vietnamese, Chinese |
💴 Fees and Commissions | Spreads from 0.0 pips, commissions vary |
🥰 Affiliate Program | ✅Yes |
🅰️ Scalping | ✅Yes |
🅱️ Hedging | ✅Yes |
📐 Trading Instruments | Forex, metals, indices, soft commodities, ETFs, bonds, energies |
🚀Open an Account | 👉 Open Account |
Libertex Minimum Deposit
The minimum deposit required to register a Libertex l trading account is USD 10. Libertex offers two live trading accounts: the Portfolio and CFD Accounts.
Account types: | 🌐 Libertex Portfolio | 🌐 Libertex CFD |
💳 Minimum deposit | $50 | $10 |
ZAR | R800 ZAR | R1 600 ZAR |
📉 Risk | Low | High |
📌 Open an account | 👉 Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Offers a user-friendly trading platform | A limited selection of financial instruments |
Offers the popular MetaTrader4 and MetaTrader 5 | Libertex charges additional fees and commission such as inactivity fee, withdrawal fee, and transaction fee |
Low minimum deposit requirement of R160 ZAR | Libertex offers a low leverage ratio of 1:30 for retail clients |
An attractive ‘zero spreads’ model | Offers only one account type that limits traders and investors |
2. RoboForex
Overview
RoboForex, an online brokerage established in 2009, provides trading services across various financial instruments: forex, stocks, commodities, and cryptocurrencies.
The International Financial Services Commission (IFSC) regulates the brokers in Belize.
This offers a degree of oversight; however, it may not be as stringent as regulations from other jurisdictions.
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
The brokerage supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, and its proprietary R Trader platform, providing users with various tools for analysis and trading.
RoboForex also strongly emphasizes educational resources, offering webinars, tutorials, and market analysis to assist traders in making informed decisions.
Although the broker’s regulatory framework provides some level of security, it may not be as robust as that offered by jurisdictions with more stringent oversight.
Company Information | |
📅Year Founded | 2013 |
Current CEO | Dmitry Zaretsky |
Founder/s | Dmitry Zaretsky |
🧑🏻💻Amount of staff | Over 800 |
👩💻Amount of active traders | Over 48 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CySEC |
🌎Country of regulation | Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | Yes |
🔋Investor Protection Schemes | Yes, under CySEC regulation |
Account Types and Features | |
➕Accounts | Training account Real account VIP account |
💳Institutional Accounts | No |
👨💼Managed Accounts | No |
📇Minor account currencies | Yes (EUR, USD, GBP) |
💰Minimum Deposit | $10 USD/171.27 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | No, but third-party fees may apply |
📊Spreads from | 0.6 pips |
💸Commissions | None |
💱Number of base currencies supported | 3 (USD, EUR, GBP) |
🚀Swap Fees | Yes, swap fees apply for overnight positions |
📈Leverage | 1:30 (for retail traders in Europe); higher for pro traders |
📏Margin requirements | Variable, depending on asset and account type |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes, free with $10,000 virtual funds |
⌛Order Execution Time | In seconds |
📆VPS Hosting | No |
Trading Instruments | |
🧾CFDs-Total Offered | 300+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes, over 180 shares available |
Watch list | Yes, customizable |
Trade Alerts | Yes |
Trading Indices with GP | Yes |
Trading Stocks with GP | Yes |
Swap on trading board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank transfers, credit cards, e-wallets (Skrill, Neteller) |
💵Withdrawal Options | Same as deposit methods |
Welcome Bonus | No, IQ Option does not offer a welcome bonus |
Trading Platforms and Tools | |
💻Trading Platforms | IQ Option proprietary platform |
👩💻OS Compatibility | Windows, Mac, iOS, Android |
🖥️Forex trading tools | Yes, including charts and indicators |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@iqoption.com |
📞Customer Support Contact Number | Not publicly listed, available via email and chat |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | Multiple languages, including English, Spanish, French |
Educational Resources and Support | |
Beginners Trader friendly UX | Yes |
🖺Forex course | Yes |
🧏♀️Webinars | Yes, periodic webinars |
📚Educational Resources | Yes, videos, articles, and tutorials |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 284 325 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | No |
Commission Fee | None on most accounts |
Social Platforms | |
Official Facebook Page | Yes |
Official Twitter Page | yes |
Official Youtube Channel | yes |
Official Linkedin Page | yes |
Official Instagram Page | yes |
Official Website address | yes |
South African Trader Specific Information | |
Does IQ Options Accept South African Traders? | Yes |
Is IQ Options regulated by the South African regulatory body (FSCA)? | No, it is regulated by CySEC (Europe) |
Does IQ Options offer an Affiliate Program for South African Traders? | Yes |
Does IQ Options allow opening trading accounts in ZAR (South African Rand)? | No, accounts are opened in USD, EUR, or GBP |
👉Open Account | Open Account |
RoboForex Minimum Deposit
The minimum deposit required to open a RoboForex Account is USD 10. RoboForex provides five 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 | Open Account | Open Account | Open Account | Open Account | Open Account |
Pros and Cons
✅ Pros | ❌Cons |
Excellent Asset Selection | Limited Crypto Selection |
Wide range of trading instruments (12,000+) | High leverage can increase risk for inexperienced traders. |
Low minimum deposit (starting at $10 USD) | Withdrawal fees can be higher for certain methods. |
High leverage available (up to 1:2000) | Limited regulatory oversight for some regions. |
CopyFX platform for copy trading | Bonus programs may be restricted in certain regions. |
Fast account setup and funding options | Customer support response can be slow during busy times. |
Offers VPS hosting for automated trading | Not available to U.S. clients due to regulations. |
Free demo accounts available | High inactivity fees for dormant accounts. |
Tight spreads on ECN accounts | Spreads on standard accounts can be wider. |
Regular bonuses and promotions | Bonus conditions may be complex to fulfill. |
3. IQ Option
Overview
IQ Option is a well-known online trading platform that was established in 2013.
It is best known for its intuitive user interface and wide selection of trading instruments, which include CFDs, FX, stocks, ETFs, cryptocurrencies, and binary options.
The broker makes trading accessible to novice and seasoned traders by providing live trading accounts and demo accounts with virtual funds.
Min Deposit
USD 10
Trading Platform
Proprietary Platform
Crypto
Yes
Account Activation
24 Hours
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
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
IQ Option seeks to give a broad range of traders access to an inclusive trading environment with minimal minimum deposit requirements.
The platform’s highly adjustable and award-winning trading interface allows users to customize their trading experience to suit their preferences.
Company Information | |
📅Year Founded | 2013 |
Current CEO | Dmitry Zaretsky |
Founder/s | Dmitry Zaretsky |
🧑🏻💻Amount of staff | Over 800 |
👩💻Amount of active traders | Over 48 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CySEC |
🌎Country of regulation | Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | Yes |
🔋Investor Protection Schemes | Yes, under CySEC regulation |
Account Types and Features | |
➕Accounts | Training account Real account VIP account |
💳Institutional Accounts | No |
👨💼Managed Accounts | No |
📇Minor account currencies | Yes (EUR, USD, GBP) |
💰Minimum Deposit | $10 USD/171.27 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | No, but third-party fees may apply |
📊Spreads from | 0.6 pips |
💸Commissions | None |
💱Number of base currencies supported | 3 (USD, EUR, GBP) |
🚀Swap Fees | Yes, swap fees apply for overnight positions |
📈Leverage | 1:30 (for retail traders in Europe); higher for pro traders |
📏Margin requirements | Variable, depending on asset and account type |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes, free with $10,000 virtual funds |
⌛Order Execution Time | In seconds |
📆VPS Hosting | No |
Trading Instruments | |
🧾CFDs-Total Offered | 300+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes, over 180 shares available |
Watch list | Yes, customizable |
Trade Alerts | Yes |
Trading Indices with GP | Yes |
Trading Stocks with GP | Yes |
Swap on trading board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank transfers, credit cards, e-wallets (Skrill, Neteller) |
💵Withdrawal Options | Same as deposit methods |
Welcome Bonus | No, IQ Option does not offer a welcome bonus |
Trading Platforms and Tools | |
💻Trading Platforms | IQ Option proprietary platform |
👩💻OS Compatibility | Windows, Mac, iOS, Android |
🖥️Forex trading tools | Yes, including charts and indicators |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@iqoption.com |
📞Customer Support Contact Number | Not publicly listed, available via email and chat |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | Multiple languages, including English, Spanish, French |
Educational Resources and Support | |
Beginners Trader friendly UX | Yes |
🖺Forex course | Yes |
🧏♀️Webinars | Yes, periodic webinars |
📚Educational Resources | Yes, videos, articles, and tutorials |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 284 325 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | No |
Commission Fee | None on most accounts |
Social Platforms | |
Official Facebook Page | Yes |
Official Twitter Page | yes |
Official Youtube Channel | yes |
Official Linkedin Page | yes |
Official Instagram Page | yes |
Official Website address | yes |
South African Trader Specific Information | |
Does IQ Options Accept South African Traders? | Yes |
Is IQ Options regulated by the South African regulatory body (FSCA)? | No, it is regulated by CySEC (Europe) |
Does IQ Options offer an Affiliate Program for South African Traders? | Yes |
Does IQ Options allow opening trading accounts in ZAR (South African Rand)? | No, accounts are opened in USD, EUR, or GBP |
👉Open Account | Open Account |
IQ Option Minimum Deposit
The minimum deposit required to open an IQ Option Account is USD 10. IQ Option offers two live trading account types: 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 | Open Account | Open Account | Open Account |
Pros and Cons
✅Pros | ❌ Cons |
Low minimum deposit ($10 USD) | Limited assets compared to other brokers (fewer CFDs) |
Free demo account with $10,000 virtual funds | Inactivity fee ($10 after 90 days of inactivity) |
No commissions on trades | Limited regulation (only CySEC, no global licenses) |
Wide range of payment methods (credit card, e-wallets, bank transfers) | Swap fees for holding positions overnight |
Regulated by CySEC | No VPS hosting for traders |
Responsive mobile app | Limited advanced trading tools (compared to MetaTrader) |
Fast order execution | Customer support can be slow during peak times |
Access to educational resources | No direct phone support (only via email or chat) |
Offers multiple asset classes (Forex, stocks, cryptocurrencies, etc.) | Not available to U.S. clients |
Two-step authentication for added security | No support for third-party platforms (like MetaTrader) |
User-friendly proprietary platform | Limited assets compared to other brokers (fewer CFDs) |
4.InstaForex
Overview
Global online brokerage InstaForex was founded in 2007 and is well-known for offering a comprehensive array of trading services for various financial assets, such as CFDs, commodities, forex, and cryptocurrencies.
With features including a low minimum deposit and variable leverage choices, the broker offers a wide range of account types to suit the needs of both rookie and experienced traders, enabling a customized trading experience.
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
Operating systems for InstaForex are MetaTrader 4 and MetaTrader 5, which traders like for their sophisticated charting features and automated trading capabilities.
The broker strongly emphasizes instructional materials to assist traders in developing their abilities and making wise selections.
It provides webinars, tutorials, and market research.
Company Information | |
📅Year Founded | 2007 |
Current CEO | Ildar Sharipov |
Founder/s | Ildar Sharipov |
🧑🏻💻Amount of staff | Over 1,000 employees |
👩💻Amount of active traders | Over 7 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CySEC, BVI FSC, FCA (for UK clients) |
🌎Country of regulation | Cyprus, British Virgin Islands, UK |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | Yes, under CySEC regulation |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica |
💳Institutional Accounts | No |
👨💼Managed Accounts | Yes, PAMM accounts |
📇Minor account currencies | Yes (USD, EUR, GBP, etc.) |
💰Minimum Deposit | $1 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business Days |
🪙Fund Withdrawal Fee | Varies depending on the method |
📊Spreads from | 0.0 pips (for ECN accounts) |
💸Commissions | Yes, commissions apply to ECN accounts |
💱Number of base currencies supported | 5+ (USD, EUR, GBP, etc.) |
🚀Swap Fees | Yes, swap fees apply |
📈Leverage | Up to 1:1000 |
📏Margin requirements | Varies depending on account type and instrument |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes, free with virtual funds |
⌛Order Execution Time | Fast execution (milliseconds) |
📆VPS Hosting | Yes, available for eligible accounts |
Trading Instruments | |
🧾CFDs-Total Offered | 300+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Watch list | Yes, customizable |
Trade Alerts | Yes |
Trading Indices with GP | No |
Trading Stocks with GP | No |
Swap on trading board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank transfers, credit cards, e-wallets (Skrill, Neteller) |
💵Withdrawal Options | Same as deposit methods |
Welcome Bonus | Yes, various deposit bonuses |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, MetaTrader 5 |
Stop-loss Instrument | Yes |
👩💻OS Compatibility | YesWindows, Mac, iOS, Android |
🖥️Forex trading tools | Yes, including analytics, indicators, and charts |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@instaforex.com |
📞Customer Support Contact Number | +44 844 761 6343 |
🗣️Languages supported on Website | Multiple languages, including English, Spanish, French |
Educational Resources and Support | |
Beginners Trader friendly UX | Yes |
🖺Forex course | Yes, available |
🧏♀️Webinars | Yes, periodic webinars |
📚Educational Resources | Yes, videos, articles, and tutorials |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 30,000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, various sports teams and events |
🪙Rebate program | Yes |
Commission Fee | Yes, available |
Social Platforms | |
Official Facebook Page | Yes |
Official Twitter Page | Yes |
Official Youtube Channel | Yes |
Official Linkedin Page | Yes |
Official Instagram Page | Yes |
Official Website address | Yes |
South African Trader Specific Information | |
Accept South African Traders? | Yes |
Is InstaForex regulated by the South Africa regulatory body (FSCA)? | No |
Does InstaForex offer an Affiliate Program for South African Traders? | Yes |
Does InstaForex allow accounts to be opened in ZAR / Rands? | No, accounts are opened in USD or EUR |
👉Open Account | Open Account |
InstaForex Minimum Deposit
The minimum deposit required to open an InstaForex Account is USD 1. InstaForex offers four account types: Insta. Standard, Insta.Eurica, Cent.Standard, and Cent.Eurica.
🔎 Account | 🥇 Minimum Deposit | 🚀 Open an Account |
🥇 Insta.Standard | $1 USD | Open Account |
🥈 Insta.Eurica | $1 USD | Open Account |
🥉 Cent.Standard | $1 USD | Open Account |
🏅 Cent.Eurica | $1 USD | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Low minimum deposit (starting at $1) | Limited regulation (primarily CySEC, BVI FSC) |
Wide range of trading instruments (Forex, stocks, commodities) | No guaranteed payout (GP) for trading indices or stocks |
Multiple account types (including PAMM accounts) | Swap fees apply for overnight positions |
Offers demo account for practice | Inactivity fee ($10 after 12 months of no trading) |
Negative balance protection | Complex fee structure may be unclear to beginners |
Two-step authentication for added security | Limited customer support availability during peak times |
User-friendly trading platform (MetaTrader 4 & 5) | No VPS hosting for traders |
Educational resources available for beginners | Withdrawal fees may apply depending on the method |
Affiliate and IB programs available | Not suitable for U.S. clients |
Responsive customer support (live chat and email) | No support for accounts in local currencies (ZAR, etc.) |
5. Oanda
Overview
Oanda is a reputable online FX and CFD broker created in 1996 and is well-known for its dedication to openness and cutting-edge trading solutions.
For further credibility and protection for its clients, the broker is regulated by many agencies, such as the FCA in the UK and the CFTC in the US.
Oanda is available to traders of all skill levels and offers a variety of account types, including a Standard account with no minimum deposit.
The broker gives customers access to a range of trading platforms, such as MetaTrader 4 and its in-house Oanda Trade platform, which provide cutting-edge features and analytical tools to improve trading.
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
Oanda is renowned for its trustworthy execution and competitive spreads, both advantageous to high-frequency traders. The broker strongly emphasizes education and provides traders with a wealth of tools, such as webinars, market research, and trading manuals, to assist them in becoming more proficient traders.
Assistance is easily obtainable as customer service is accessible via several channels and is open around the clock.
Even if Oanda offers a reliable trading environment, prospective customers should think about things like the state of the market and their unique trading tactics before opening an account.
🔎Broker | 🥇OANDA |
Company Information | |
📅Year Founded | 1996 |
Current CEO | Gavin Bambury |
Founder/s | Dr. Michael Stumpp, OANDA Corporation founders |
🧑🏻💻Amount of staff | Approximately 1,000+ |
👩💻Amount of active traders | Over 1 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CFTC, NFA, FCA, IIROC, ASIC |
🌎Country of regulation | USA, UK, Canada, Australia |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | Yes |
🔋Investor Protection Schemes | Yes, through regulatory bodies |
Account Types and Features | |
➕Accounts | Standard Elite Trader |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | Yes (including ZAR) |
💰Minimum Deposit | No minimum deposit requirement |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-5 business days |
🪙Fund Withdrawal Fee | None (may depend on the payment method) |
📊Spreads from | 0.0 pips (depending on account type) |
💸Commissions | Yes, applicable to certain account types |
💱Number of base currencies supported | 70+ |
🚀Swap Fees | Yes, applicable for overnight positions |
📈Leverage | Up to 1:50 (varies by region) |
📏Margin requirements | Varies depending on account type and instrument |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Fast execution (milliseconds) |
📆VPS Hosting | Yes, available for eligible accounts |
Trading Instruments | |
🧾CFDs-Total Offered | 100+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Watch list | Yes, customizable |
Trade Alerts | Yes |
Trading Indices with GP | No |
Trading Stocks with GP | No |
Swap on trading board | Yes, applicable for overnight positions |
Deposits and Withdrawals | |
💳Deposit Options | Bank transfers, credit cards, e-wallets |
💵Withdrawal Options | Same as deposit methods |
Welcome Bonus | No |
Trading Platforms and Tools | |
💻Trading Platforms | OANDA Trade, MetaTrader 4 |
Stop-loss Instrument | Yes |
👩💻OS Compatibility | Windows, Mac, iOS, Android |
🖥️Forex trading tools | Yes, including analytics and economic calendar |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@oanda.com |
📞Customer Support Contact Number | 1-800-499-3687 (USA) |
🗣️Languages supported on Website | Multiple languages (English, Spanish, French, etc.) |
Educational Resources and Support | |
Beginners Trader friendly UX | Yes |
🖺Forex course | Yes |
🧏♀️Webinars | Yes, periodic webinars |
📚Educational Resources | Yes, articles and tutorials |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Numerous global partners |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, various local events |
🪙Rebate program | No |
Commission Fee | Yes |
Social Platforms | |
Official Facebook Page | Yes |
Official Twitter Page | Yes |
Official Youtube Channel | Yes |
Official Linkedin Page | Yes |
Official Instagram Page | Yes |
Official Website address | Yes |
South African Trader Specific Information | |
Accept South African Traders? | Yes |
Is InstaForex regulated by the South Africa regulatory body (FSCA)? | No, but complies with international standards |
Does InstaForex offer an Affiliate Program for South African Traders? | Yes |
Does InstaForex allow accounts to be opened in ZAR / Rands? | No |
👉Open Account | Open Account |
Oanda Minimum Deposit
The minimum deposit amount required to register an Oanda live trading account ranges from USD 0 – USD 10’000. Oanda makes two live trading account types available: the Oanda Standard and the Oanda Advanced Trader account.
🔎 Oanda Account | 🥈 Standard | 🥇 Elite Trader |
💰 Min. Deposit | $0 USD | $10'000 USD |
🚀 Open an Account | Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Regulated in multiple major jurisdictions (US, UK, Japan, etc.) | Fewer account types compared to some brokers |
Competitive spreads, especially for major pairs | Lacks deposit bonuses or promotions common with other brokers |
Offers the popular MetaTrader 4 (MT4) and its proprietary platform Oanda Trade | Higher costs on some CFD products (non-Forex instruments) |
Flexible for new traders with no minimum deposit requirement | Lower leverage limits for clients in regulated regions like the US and Europe |
Extensive educational tools and market analysis | Spreads can widen during volatile market conditions |
API access for developers and algo traders | Smaller selection of tradable instruments (e.g., limited exotic pairs) |
Fast order execution with no dealing desk | Charges fees for certain withdrawal methods (especially for non-bank transfers) |
One of the few brokers offering Forex trading in the US | Fewer cryptocurrency pairs available compared to other brokers |
No hidden fees; spreads and costs are clear | Doesn't offer a built-in social or copy trading platform |
6. XTB
Overview
XTB is one of the largest global stock exchange-listed FX and CFD brokers, with more than 15 years of experience in the field.
The world’s biggest supervision authorities regulate it, and it offers two live trading account options: Standard and Swap-Free.
XTB, a well-known online brokerage established in 2002, is renowned for its emphasis on offering a thorough trading experience for a wide range of financial assets, such as equities, cryptocurrencies, indices, commodities, and FX.
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Well-known for its sophisticated trading features and user-friendly interface, XTB’s proprietary trading platform, xStation 5, is praised for its real-time market analysis and customizable design.
XTB offers many educational tools, such as webinars, articles, and trading tutorials, intending to assist traders in developing their abilities and comprehension of the markets.
Customers may contact customer service via phone, email, and live chat, which is available in different languages so that they can get help quickly.
Company Information | |
📅Year Founded | 1974 |
Current CEO | Charlie Rozes (Interim) |
Founder/s | Stuart Wheeler |
🧑🏻💻Amount of staff | 2,400+ globally |
👩💻Amount of active traders | 313,000+ |
🌐Publicly Traded (Listed Company) | Yes, LSE: IGG |
Regulation and Security | |
🛡️Regulation | FCA (UK), ASIC (Australia), FSCA (South Africa), others globally |
🌎Country of regulation | UK (Primary), Australia, South Africa, etc. |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | |
🔋Investor Protection Schemes | Yes (FSCS for UK clients, up to £85,000) |
Account Types and Features | |
➕Accounts | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | GBP, EUR, USD, ZAR, AUD, and others |
💰Minimum Deposit | £250 (or equivalent in local currency) |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Deposit: Instant; Withdrawal: 1-3 business days |
🪙Fund Withdrawal Fee | No |
📊Spreads from | 0.6 pips (Forex) |
💸Commissions | None on Forex, but apply to stocks |
💱Number of base currencies supported | 5+ |
🚀Swap Fees | Yes, applicable |
📈Leverage | Up to 1:200 (FSCA-regulated) |
📏Margin requirements | Varies by instrument and account type |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.014 seconds average |
📆VPS Hosting | No (offered for professional accounts) |
Trading Instruments | |
🧾CFDs-Total Offered | 17,000+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Watch list | Yes |
Trade Alerts | Yes |
Trading Indices with GP | Yes |
Trading Stocks with GP | Yes |
Swap on trading board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal |
💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, PayPal |
Welcome Bonus | No (due to regulatory restrictions) |
Trading Platforms and Tools | |
💻Trading Platforms | IG Proprietary Platform, MetaTrader 4 (MT4), ProRealTime, L2 Dealer |
Stop-loss Instrument | Yes (including Guaranteed Stop-Loss) |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes (charting tools, technical analysis, signals) |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | Yes (available on website) |
📞Customer Support Contact Number | Yes (available on website) |
🗣️Languages supported on Website | English, French, German, Chinese, Arabic, and more |
Educational Resources and Support | |
Beginners Trader friendly UX | Yes |
🖺Forex course | Yes (available on website) |
🧏♀️Webinars | Yes (available on website) |
📚Educational Resources | Yes (blogs, tutorials, IG Academy) |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly disclosed |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes (cycling events and more) |
🪙Rebate program | No |
Commission Fee | No |
Social Platforms | |
Official Facebook Page | www.ig.com |
Official Twitter Page | Yes |
Official Youtube Channel | Yes |
Official Linkedin Page | Yes |
Official Instagram Page | Yes |
Official Website address | Yes |
South African Trader Specific Information | |
Accept South African Traders? | Yes |
Is XBT regulated by the South Africa regulatory body (FSCA)? | Yes |
Does XBT offer an Affiliate Program for South African Traders? | Yes |
Does XBT allow accounts to be opened in ZAR / Rands? | Yes |
👉Open Account | Open Account |
XTB Minimum Deposit
XTB offers two live trading account options, Standard and Swap-Free, and neither requires a minimum deposit.
🔎 Account | 🥇 Standard | 🥈 Swap-Free |
💰 Required Min. Deposit | None | $ 1 USD |
🚀 Open an Account | Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Strong regulation in multiple regions (e.g., FCA, CySEC) | Not available in the US or Canada |
Tight spreads and low commission accounts for certain regions | Fees on stock CFDs can be higher compared to some competitors |
xStation 5 and MetaTrader 4 (MT4) for various trader levels | Fewer account options compared to some brokers |
Offers comprehensive training materials and market analysis | Does not offer MT5 platform, which some traders may prefer |
Reliable and fast order execution with no dealing desk intervention | Lacks promotional bonuses or incentives |
Accessible to beginners as no minimum deposit is required | Charges an inactivity fee after 12 months of no trading activity |
Offers Forex, commodities, indices, stocks, and cryptocurrency CFDs | Market research tools, though solid, are less comprehensive than some competitors |
Provides multilingual customer support via live chat, email, and phone | Regulated regions have lower leverage limits, particularly in Europe |
Ensures that clients cannot lose more than their account balance | Charges fees on withdrawals below a specific threshold |
7. IG
Overview
IG is a well-known online trading platform founded in 1974.
It offers various trading options, Including Indices, cryptocurrencies, stocks, FX, and commodities.
Being a pioneer in the industry and a publicly traded firm, IG is subject to regulation by multiple regulatory organizations, such as the CFTC in the US and the UK FCA, strengthening its reputation and dedication to consumer safety.
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
Prominent for its sophisticated charting capabilities and easy-to-use interface, IG’s in-house trading platform is compatible with well-known platforms such as MetaTrader 4.
The broker prioritizes education and offers many tools, such as webinars, articles, and market research, to assist traders in developing their know-how.
Company Information | |
📅Year Founded | 1974 |
Current CEO | Charlie Rozes (Interim) |
Founder/s | Stuart Wheeler |
🧑🏻💻Amount of staff | 2,400+ globally |
👩💻Amount of active traders | 313,000+ |
🌐Publicly Traded (Listed Company) | Yes, LSE: IGG |
Regulation and Security | |
🛡️Regulation | FCA (UK), ASIC (Australia), FSCA (South Africa), others globally |
🌎Country of regulation | UK (Primary), Australia, South Africa, etc. |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | |
🔋Investor Protection Schemes | Yes (FSCS for UK clients, up to £85,000) |
Account Types and Features | |
➕Accounts | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | GBP, EUR, USD, ZAR, AUD, and others |
💰Minimum Deposit | £250 (or equivalent in local currency) |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Deposit: Instant; Withdrawal: 1-3 business days |
🪙Fund Withdrawal Fee | No |
📊Spreads from | 0.6 pips (Forex) |
💸Commissions | None on Forex, but apply to stocks |
💱Number of base currencies supported | 5+ |
🚀Swap Fees | Yes, applicable |
📈Leverage | Up to 1:200 (FSCA-regulated) |
📏Margin requirements | Varies by instrument and account type |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.014 seconds average |
📆VPS Hosting | No (offered for professional accounts) |
Trading Instruments | |
🧾CFDs-Total Offered | 17,000+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Watch list | Yes |
Trade Alerts | Yes |
Trading Indices with GP | Yes |
Trading Stocks with GP | Yes |
Swap on trading board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal |
💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, PayPal |
Welcome Bonus | No (due to regulatory restrictions) |
Trading Platforms and Tools | |
💻Trading Platforms | IG Proprietary Platform, MetaTrader 4 (MT4), ProRealTime, L2 Dealer |
Stop-loss Instrument | Yes (including Guaranteed Stop-Loss) |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes (charting tools, technical analysis, signals) |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | Yes (available on website) |
📞Customer Support Contact Number | Yes (available on website) |
🗣️Languages supported on Website | English, French, German, Chinese, Arabic, and more |
Educational Resources and Support | |
Beginners Trader friendly UX | Yes |
🖺Forex course | Yes (available on website) |
🧏♀️Webinars | Yes (available on website) |
📚Educational Resources | Yes (blogs, tutorials, IG Academy) |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly disclosed |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes (cycling events and more) |
🪙Rebate program | No |
Commission Fee | No |
Social Platforms | |
Official Facebook Page | www.ig.com |
Official Twitter Page | Yes |
Official Youtube Channel | Yes |
Official Linkedin Page | Yes |
Official Instagram Page | Yes |
Official Website address | Yes |
South African Trader Specific Information | |
Accept South African Traders? | Yes |
Is XBT regulated by the South Africa regulatory body (FSCA)? | Yes |
Does XBT offer an Affiliate Program for South African Traders? | Yes |
Does XBT allow accounts to be opened in ZAR / Rands? | Yes |
👉Open Account | Open Account |
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 | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Operates under top-tier regulators (FCA, ASIC, CFTC, etc.) | Minimum deposit can be high, especially outside the UK |
Competitive spreads, especially for major pairs | Charges an inactivity fee after two years of no activity |
Offers MetaTrader 4 (MT4), ProRealTime, and its proprietary platform | Spreads can widen during volatile market conditions |
Includes Forex, stocks, indices, commodities, and cryptocurrencies | Leverage limits are lower in regions like Europe and Australia due to regulations |
Extensive library of webinars, tutorials, and market analysis | Cryptocurrency CFD trading is restricted in certain areas (like the UK) |
No minimum deposit for bank transfers in certain regions | Fees for withdrawals via PayPal and credit cards in some regions |
Provides protection against extreme market volatility | Some fees can be difficult to understand, such as financing rates and spread costs for less commonly traded instruments |
Over 45 years in the market with a solid global reputation | Lacks promotional offers like deposit bonuses or cashbacks |
24/5 customer service and support across multiple languages | Advanced features and tools may feel complex for new traders |
Offers social trading features and trading signals | Doesn't provide built-in copy trading options like some competitors |
8. CMC Markets
Overview
Forex, equities, commodities, indices, and cryptocurrencies are just a few trading possibilities available at CMC Markets, an online brokerage founded in 1989.
Under the watchful eye of respected regulatory bodies, like the FCA in the UK and ASIC in Australia, CMC Markets places a high value on openness and client safety.
The broker offers competitive spreads.
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
Their feature-rich trading platform, Next Generation, has a range of technical indicators, sophisticated charting tools, and an intuitive user interface.
CMC Markets also offers educational materials, including webinars and trading manuals, to help traders improve their abilities.
Customer service is available by phone, email, and live chat, guaranteeing fast assistance.
🔎Broker | CMC Markets |
Company Information | |
📅 Year Founded | 1989 |
Current CEO | Lord Kirkpatrick |
Founder/s | Peter Cruddas |
🧑🏻💻 Amount of Staff | Approximately 1,500 |
👩💻 Amount of Active Traders | Over 50,000 active traders |
🌐 Publicly Traded (Listed Company) | Yes, listed on the London Stock Exchange |
Regulation and Security | |
🛡️ Regulation | FCA (Financial Conduct Authority) |
🌎 Country of Regulation | United Kingdom |
💻 Account Segregation | Yes, client funds are held in segregated accounts |
🪫 Negative Balance Protection | Yes |
Two-step Authentication | Yes |
Stop-loss Instrument | Yes |
🔋 Investor Protection Schemes | Yes, eligible for Financial Services Compensation Scheme (FSCS) |
Account Types and Features | |
➕ Accounts | Standard, Professional |
💳 Institutional Accounts | Yes |
👨💼 Managed Accounts | Yes |
📇 Minor Account Currencies | Multiple (including ZAR, EUR, GBP, USD, etc.) |
💰 Minimum Deposit | $0 (for standard account) |
Trading Conditions | |
🕞 Average Deposit/Withdrawal Processing Time | 1-3 business days for withdrawals |
🪙 Fund Withdrawal Fee | None |
📊 Spreads From | From 0.7 pips |
💸 Commissions | No commissions on forex trades; spreads apply |
💱 Number of Base Currencies Supported | 10+ |
🚀 Swap Fees | Applicable (depends on position and instrument) |
📈 Leverage | Up to 1:500 (varies by instrument) |
📏 Margin Requirements | Depends on the instrument; generally 0.2% - 2% |
☪️ Islamic Account (Swap-Free) | Yes |
💻 Demo Account | Yes |
⌛ Order Execution Time | Typically 100 ms or less |
📆 VPS Hosting | Yes, available for clients |
Trading Instruments | |
🧾 CFDs - Total Offered | Over 10,000 |
🗠 CFD Stock Indices | Yes, multiple global indices available |
⚖️ CFD Commodities | Yes, including metals, energy, and agriculture |
📜 CFD Shares | Yes |
Watch List | Yes |
Trade Alerts | Yes |
Trading Indices with GP | Yes |
Trading Stocks with GP | Yes |
Swap on Trading Board | Yes |
Deposits and Withdrawals | |
💳 Deposit Options | Bank transfer, credit/debit cards, PayPal |
💵 Withdrawal Options | Bank transfer, credit/debit cards |
Welcome Bonus | Not commonly offered |
Trading Platforms and Tools | |
💻 Trading Platforms | CMC Markets Trading Platform, MT4 |
👩💻 OS Compatibility | Windows, macOS, iOS, Android |
🖥️ Forex Trading Tools | Advanced charting tools, trading signals |
Customer Support | |
🗣️ Live Chat Availability | Yes |
📱 Customer Support Email Address | support@cmcmarkets.com |
📞 Customer Support Contact Number | +44 20 7170 8200 |
👾 Social Media Platforms | Facebook, Twitter, LinkedIn, Instagram |
🗣️ Languages Supported on Website | English, Spanish, French, German, and more |
Educational Resources and Support | |
Beginners Trader Friendly UX | Yes |
🖺 Forex Course | Yes, various online courses available |
🧏♀️ Webinars | Yes, regular webinars on trading strategies |
📚 Educational Resources | Extensive library available |
Partnerships and Programs | |
🪪 Affiliate Program? | Yes |
👨🏫 Amount of Partners | Multiple partners globally |
📋 IB Program | Yes |
🏃♂️➡️ Do They Sponsor Notable Events/Teams? | Yes, various sponsorships |
🪙 Rebate Program | Yes |
Commission Fee | N/A (no commissions on forex trades) |
Social Platforms | |
Official Facebook Page | Yes |
Official Twitter Page | Yes |
Official YouTube Channel | Yes |
Official LinkedIn Page | Yes |
Official Instagram Page | Yes |
Official Website Address | Yes |
South African Trader Specific Information | |
Does CMC Markets Accept South African Traders? | Yes |
Is CMC Markets Regulated by FSCA? | No, regulated by FCA (UK) |
Does CMC Markets Offer an Affiliate Program for South African Traders? | Yes |
Does CMC Markets Allow Opening Trading Accounts in ZAR? | Yes (depends on the account type) |
👉 Open Account | 👉Open Account |
CMC Markets Minimum Deposit
Registering a CMC Markets live trading account requires no minimum deposit. CMC Markets offers dedicated spread betting, CFD, and corporate trading accounts.
🔎 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 | Open Account | Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Highly regulated by FCA, ASIC, and other top-tier regulators | Charges an inactivity fee after 12 months of no trading activity |
Offers over 10,000 tradable instruments, including Forex, indices, commodities, and stocks | Only offers MetaTrader 4 (MT4) and proprietary platform Next Generation |
Tight spreads, especially on major Forex pairs | Spreads can widen during high market volatility |
Proprietary platform (Next Generation) is feature-rich with advanced charting tools | The feature-rich platform can be overwhelming for novice traders |
Makes it accessible for all traders, especially beginners | No deposit bonuses or promotional offers |
Available to protect against extreme market volatility | Fewer cryptocurrency offerings compared to other brokers |
High-quality execution with no dealing desk intervention | Withdrawal fees may apply for non-bank transfer methods like PayPal |
Extensive educational materials, webinars, and market analysis | Research features, though solid, could be enhanced for deeper market analysis |
Ensures clients cannot lose more than their balance | Leverage is capped in regions like Europe due to regulations |
Generally fee-free for most deposits and withdrawals | Does not offer built-in copy trading functionality |
9. Axi
Overview
Founded in 2007, Axi is a global broker specializing in forex and CFDs. It is renowned for its cheap trading conditions and emphasis on customer support. Reputable regulatory bodies such as the FCA in the UK oversee Axi, which provides various account options with no minimum deposit requirements for regular accounts.
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
The broker offers access to well-known trading platforms such as MetaTrader 4 with cutting-edge analytical tools. Axi prioritizes education and provides traders with tools, including webinars and market analysis. Axi strives to provide novice and seasoned traders with a comprehensive and user-friendly trading experience through various deposit and withdrawal methods.
Company Information | |
📅Year Founded | 2007 |
Current CEO | Rajesh Yohannan |
Founder/s | Goran Drapac |
🧑🏻💻Amount of staff | 200+ |
👩💻Amount of active traders | 60,000+ |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, FCA, DFSA, FSA FMA |
🌎Country of regulation | UK, Australia, UAE, New Zealand, |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
Two-step Authentication | Yes |
🔋Investor Protection Schemes | Yes (up to £85,000 in the UK through FSCS) |
Account Types and Features | |
➕Accounts | Standard, Pro, and Elite account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD |
💰Minimum Deposit | $0 for Standard Account |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-2 business days |
🪙Fund Withdrawal Fee | No |
📊Spreads from | From 0.0 pips |
💸Commissions | $3.50 per lot per side (for Raw accounts) |
💱Number of base currencies supported | 10+ |
🚀Swap Fees | Yes (Standard accounts) |
📈Leverage | Up to 500:1 |
📏Margin requirements | 0.2% minimum |
☪️Islamic account (swap-free) | Yes, available upon request |
💻Demo Account | Yes |
⌛Order Execution Time | <30 milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 130+ |
🗠CFD Stock Indices | 30+ |
⚖️CFD Commodities | 14 |
📜CFD Shares | 50+ |
Watch List | Yes |
Trade Alerts | Yes |
Trading Stocks with GP | Yes |
Trading Indices with GP | Yes |
Swap on Trading Board | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/debit cards, bank transfer, PayPal, Neteller, Skrill |
💵Withdrawal Options | Credit/debit cards, bank transfer, PayPal, Neteller, Skrill |
Welcome Bonus | No |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, Axi One |
Stop-loss Instrument | Yes (Guaranteed stop-loss on select accounts) |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
Investor Protection Schemes | Yes (UK, Australia) |
🖥️Forex trading tools | Autochartist, PsyQuation, Economic Calendar, VPS, Social Trading Tools |
Customer Support | |
🗣️Live chat availability | Yes (24/5) |
📱Customer Support email address | service@axi.com. |
📞Customer Support Contact Number | +61 2 9965 5830 |
🗣️Languages supported on Website | English, Arabic, Chinese, German, Spanish, |
Educational Resources and Support | |
Beginners Trader Friendly UX | Yes |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes (eBooks, tutorials, videos) |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 1000+ |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Not currently |
🪙Rebate program | Yes |
Community Forum | Yes (via PsyQuation community) |
Social Media Platforms | Yes |
Official Website Address | Yes |
Official Facebook Page | Yes |
Official Twitter Page | Yes |
Official YouTube Channel | Yes |
Official LinkedIn Page | Yes |
Official Instagram Page | Yes |
Accept South Africa Traders? | Yes |
Is Axi Regulated by the South Africa Regulatory Body (FSCA)? | No |
Does Axi Offer an Affiliate Program for South African Traders? | Yes |
Does Axi Allow Accounts to be Opened in ZAR/Rands? | Yes |
👉Open Account | Open Account |
Axi Minimum Deposit
The minimum deposit amount required to register an Axi live trading account ranges from USD 0 to USD 25000. Axi offers three live trading accounts: the Standard account, the Pro account, and the Elite Account.
🔎 Axi Account | 🥉 Standard | 🥈 Pro | 🥇 Elite |
💰 Min Deposit | $0 USD | $0 USD | $25'000 USD |
🚀 Open an Account | Open Account | Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Regulated by FCA (UK), ASIC (Australia), DFSA (UAE), and FMA (New Zealand) | Not regulated by the FSCA in South Africa |
No minimum deposit required for standard accounts | No welcome bonus or promotional incentives |
Tight spreads starting from 0.9 pips on Raw accounts | Stock trading is not available in all countries |
Available for high-volume traders | Fewer cryptocurrency pairs available compared to competitors |
10. Exness
Exness is known to be quite an accessible broker with a very low minimum deposit: from just $10 for the Standard Account minimal amount allowing all kinds of traders to go into its vast treasury of financial instruments: forex, cryptocurrencies, and commodities.
Exness did even more convenience for traders, with good trading conditions: spreads from 0.3 pips, and leverage up to 1: Unlimited.
Having probably the best online trading platform and supporting maximum transparency, Exness stands in a good position to provide low-cost trading and flexibility.
Category | Details |
Company Information | |
🏷️Company Name | Exness |
📍Headquarters Location | Cyprus |
📅Year Established | 2008 |
👤CEO/Founder | Exness was co-founded by a group of partners. |
🌐Global Offices | Multiple locations worldwide |
🔖Licensing Body | FCA (UK), CySEC (Cyprus), FSA (Seychelles), etc. |
👥Group Companies | Exness Limited, Exness (Cyprus) Ltd |
🏛️Business Model | Market Maker, ECN/STP |
🌍Operational Languages | English, Arabic, Spanish, and others |
🏆Awards & Recognitions | Numerous industry awards |
Regulation and Security | |
🛡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
✔️Compliance Standards | High compliance with industry standards |
💼Client Fund Segregation | Yes |
🪫Negative balance protection | Yes |
🕵️♂️Financial Conduct Oversight | Strong regulation by global bodies |
💰Insurance Coverage | Yes, up to €20,000 (FCA regulated) |
📋AML & KYC Policy | Strong anti-money laundering and KYC procedures |
🔒Security of Trading Platform | SSL encryption, 2FA security measures |
🛡️Investor Compensation Fund | Yes |
🖥️Cybersecurity Measures | Advanced cybersecurity protocols |
Account Types and Features | |
⚙️Standard Account | Available for retail traders |
📊ECN Account | Yes |
🌙Islamic Account | Yes |
🎮Demo Account | Yes |
👑VIP Account | Yes, for high volume traders |
💵Minimum Deposit | $10 USD / R178 ZAR |
💱Base Currencies | USD, EUR, GBP, and others |
⚖️Leverage Options | Up to 1:2000 |
📈Spreads (Fixed/Variable) | Variable spreads |
🔄Swap-Free Accounts | Yes |
🌐Account Currency Conversion | Available |
🚨Margin Call Level | 50% |
❌Stop-Out Level | 20% |
🔄Hedging Allowed | Yes |
⚡Scalping Allowed | Yes |
🔁Copy Trading Support | Yes |
👥Social Trading Features | Yes |
💼Managed Accounts | Yes |
Trading Conditions | |
🔍Average Spreads | From 0.1 pips |
💲Commissions per Trade | Depends on account type |
🔢Leverage Range | Up to 1:2000 |
🚀Execution Speed | Fast, with low latency |
📊Order Execution Type | Market Execution, Instant Execution |
🔄Slippage Policy | Minimal slippage |
📏Margin requirements | 50% |
⏹️Stop-Loss and Take-Profit Orders | Yes |
🔁Trailing Stops | Yes |
🕑Pending Orders | Yes |
🔽Partial Fills | Yes |
🧾Dividend Adjustments | Yes |
🌙Overnight Swap Fees | Yes |
📆Rollover Policy | Yes |
🛑Guaranteed Stop Loss | No |
Trading Instruments | |
💹Forex Currency Pairs | Yes |
🪙Precious Metals (Gold/Silver) | Yes |
📈Indices | Yes |
🌾Commodities | Yes |
⛽Energies (Oil/Natural Gas) | Yes |
₿Cryptocurrencies | Yes |
📉Stocks | Yes |
🗂️ETFs | Yes |
🏛️Bonds | Yes |
📜Futures Contracts | Yes |
🛡️Options Contracts | Yes |
⚖️CFDs (Contracts for Difference) | Yes |
🔣Swap on Trading Board | Yes |
🔀Leveraged Instruments | Yes |
🎯Micro-Lot Trading | Yes |
💸Spread Betting | Not available |
🧺Currency Baskets | Yes |
Deposits and Withdrawals | |
💳Deposit Methods | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
💵Withdrawal Methods | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
⏱️Processing Time for Deposits | Instant to 1-2 business days |
🕒Processing Time for Withdrawals | 1-2 business days |
🚫Deposit Fees | No |
💵Withdrawal Fees | No |
🔢Minimum Deposit Amount | $10 USD / R178 ZAR |
📉Minimum Withdrawal Amount | $3 |
🚪Maximum Withdrawal Limit | No limit |
💱Supported Currencies | USD, EUR, GBP, JPY, etc. |
₿Crypto Deposits & Withdrawals | Yes |
🏦Bank Wire Transfers | Yes |
💳Credit/Debit Cards | Yes |
📲E-Wallets (Skrill, Neteller, etc.) | Yes |
🏘️Local Payment Methods | Yes, region-specific |
Trading Platforms and Tools | |
💻MetaTrader 4 (MT4) | Yes |
👩💻MetaTrader 5 (MT5) | Yes |
🖥️Proprietary Platform | No |
📱Mobile Trading App | Yes |
🌐Web-Based Platform | Yes |
🤖Trading Bots | Yes |
🖧VPS Services | Yes |
🔌API Connectivity | Yes |
📉Charting Tools | Advanced charting available |
🧮Custom Indicators | Yes |
🧠Market Sentiment Analysis | Yes |
📩Trading Signals | Yes |
🏷️Advanced Order Types | Yes |
⚠️Risk Management Tools | Yes |
📅Economic Calendar | Yes |
📰Market News Feed | Yes |
Customer Support | |
📞Support Channels | Phone, email, live chat |
🗨️Live Chat Availability | Yes |
📧Email Support | Yes |
📱Phone Support | Yes |
🌍Multilingual Support | Yes |
❓Help Center/FAQ | Yes |
👨💼Dedicated Account Manager | Yes |
⏲️Response Time (Live Chat) | Less than 1 minute |
🕒Response Time (Email) | Within 24 hours |
⭐Support Rating | 4.5/5 |
Educational Resources and Support | |
🎥Webinars | Yes |
🏫Seminars | Yes |
📖Trading Tutorials | Yes |
📊Market Analysis Reports | Yes |
📚E-Books | Yes |
🎬Video Library | Yes |
📜Glossary | Yes |
❔FAQs | Yes |
🆕Beginner Guides | Yes |
🚀Advanced Trading Strategies | Yes |
Partnerships and Programs | |
📋IB Program | Yes |
🪪Affiliate program? | Yes |
🏷️White Label Solutions | Yes |
🎁Partnership Rewards | Yes |
🏛️Institutional Solutions | Yes |
🔌API Partnership | Yes |
🤝Referral Program | Yes |
Fees & Charges | |
💳Deposit Fees | No |
📤Withdrawal Fees | No |
💤Inactivity Fee | Yes |
🌜Overnight Fees (Swaps) | Yes |
💱Conversion Fees | Yes |
💰Commission on Trades | Yes |
Market Research Tools | |
📅Economic Calendar | Yes |
📰Market News | Yes |
📩Trading Signals | Yes |
🔧Technical Analysis Tools | Yes |
💭Sentiment Analysis | Yes |
Additional Features | |
👥PAMM/MAM Accounts | Yes |
🔗Social Trading Platform | Yes |
🏆Trading Competitions | Yes |
🎁Loyalty Rewards | Yes |
👑Exclusive VIP Perks | Yes |
Promotions & Bonuses | |
🎁Welcome Bonus | Yes |
💵Deposit Bonus | Yes |
🏅Trading Contests | Yes |
🌟Seasonal Promotions | Yes |
🎖️Loyalty Programs | Yes |
User Experience & Reviews | |
🖥️User Interface Quality | Easy-to-use interface |
🔒Platform Stability | High stability |
📱Mobile App Reviews | 4.5/5 on app stores |
⭐Overall User Rating | 4.5/5 |
🌟Trustpilot Rating | 4.5/5 |
😟Common Complaints | Occasionally slow withdrawals |
Mobile | |
📱Mobile App Name | Exness Trader |
🛠️Developer | Exness |
📅Release Year | Ongoing updates |
💻OS Compatibility | iOS, Android |
🌐Languages Supported | Multiple languages |
📈Trading Instruments | Forex, crypto, commodities, stocks |
🔄Real-Time Data | Yes |
🛠️Charting Tools | Advanced |
📊Order Types Supported | Market, Limit, Stop |
🚀Order Execution Speed | Fast |
🔔Custom Alerts | Yes |
🤝Beginner-Friendly | Yes |
🔐Security Features | 2FA, SSL encryption |
🖥️Synchronization | Yes |
💰Deposit and Withdrawal | Yes |
📝Account Types Accessible | All account types available |
🔄Switch Accounts | Yes |
💬In-App Support | Yes |
📚Educational Resources | Yes |
🎯Watchlist | Yes |
🌙Dark Mode | Yes |
🌐Social Trading | Yes |
AI Trading Resources | |
🤖AI Integration | Yes |
📊Data Analysis | Yes |
📈Predictive Analytics | Yes |
🛠️Customizable Strategies | Yes |
📉Risk Management Tools | Yes |
🧑🏫Trading Insights | Yes |
🚀Execution Optimization | Yes |
🔄Portfolio Rebalancing | Yes |
📚AI Tutorials | Yes |
🎥Video Demonstrations | Yes |
🧑🤝🧑Webinars | Yes |
🔍AI-Powered Search | Yes |
🌟Beginner-Friendly | Yes |
🖥️Platform Availability | Desktop and mobile |
📈Backtesting Capability | Yes |
🛠️Strategy Builder | Yes |
🔔Alerts and Notifications | Yes |
🔒Data Protection | Yes |
👁️🗨️Transparency | Yes |
Social Media Platformst | |
Yes | |
Yes | |
Yes | |
Yes | |
🎥YouTube | Yes |
👉Open Account | 👉 Open Account |
Exness Minimum Deposit
The minimum deposit required to open an Exness Account is USD 10. Exness offers four live trading account types: Standard, Standard Cent, Pro, Zero, and Raw Spread.
📈 Standard Account | 💹 Raw Spread Account | 🌐 Zero Account | 📊 Pro Account | |
💳Minimum Deposit | $10 ( ZAR R160 ) | $500 ( ZAR R8000 ) | $500 ( ZAR R8000 ) | $500 ( ZAR R8000 ) |
⏱Deposit activation duration | Up to 72 hours | Up to 72 hours | Up to 72 hours | Up to 72 hours |
📉Leverages | 1:2000 | 1:2000 | 1:2000 | 1:2000 |
📈Spreads | 0.3 | 0.0 | 0.0 | 0.0 |
📊Commissions | No | Up to 3.5 USD | Up to 3.5 USD | No trading commission |
📝Order Executions | Market | Market | Market | Market |
☪️Swap- Free | ✔️Yes | ✔️Yes | ✔️Yes | ✔️Yes |
👉Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Highly Regulated | Limited Local Support |
Competitive Trading Conditions | High Leverage Risks |
Low Minimum Deposit | Complex Fee Structure |
Variety of Trading Instruments | Withdrawal Fees |
Educational Resources | Platform Limitations |
Local Currency Accounts | Customer Service Variability |
Demo Accounts | Regional Variations in Service |
VPS Hosting Available | Potential Over-Reliance on Automation |
Conclusion
As you can see, all the Top 10 brokers are well-established and have significant regulations and trust scores.
We advise that you read through and see which broker will fit your trading needs. We can highly recommend any of the above.
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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 trader’s initial deposit.
Traders need to ensure that they understand their risk exposure and 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 USD 10?
Yes, starting forex trading in South Africa with a minimum deposit of USD 10 is possible.
Are there any reliable USD 10 minimum deposit brokers in South Africa?
Many reliable USD 10 minimum deposit brokers accept South African Traders, including FXTM.
Are there any disadvantages to using a $10 minimum deposit forex broker?
Yes. A disadvantage of using a USD 10 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?
USD 10 minimum deposit. Forex brokers generally offer Micro or Standard Accounts.
Is it possible to profit with a $10 minimum deposit in a Forex account?
Yes, it is possible to make a small profit with a minimum deposit of USD 10 in a Forex account.
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