The Top 2 Forex Brokers with a 5 Dollar Minimum Deposit revealed. We have listed, rated, and reviewed the Top 2 Forex Brokers with a USD 5 Minimum Deposit.
We showcase which minimum deposit brokers are most popular in the market for 2025.
This is a complete listing of The Top 2 Forex Brokers with a USD 5 Minimum Deposit.
In this in-depth write-up, you will learn:
- What is a Minimum Deposit?
- Can I trade all currency pairs with a 5-dollar minimum deposit Forex account?
- Who is the best forex broker with a 5-dollar minimum deposit?
- Which forex brokers have a five-dollar minimum deposit?
- Do 5-dollar minimum deposit accounts have access to all trading platforms?
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Top 2 Forex Brokers with a 5-Dollar Minimum Deposit in 2025 – A Comparison
| 🔎 Broker | 🚀 Open an Account | 💰 Minimum Deposit | 📌 Account Types | 📍 Spreads from |
| 🥇 XM | 👉 Open Account | $5 USD | Micro Standard XM Ultra Low | 0.8 Pips |
| 🥈 FBS | 👉 Open Account | $5 USD | Micro | 3 Pips |
| 🥉 HFM | 👉 Open Account | $0 USD | Cent, Zero Spreads, Premium | From 0 Pips |
Forex Minimum Deposit – A Definition
A minimum deposit or initial deposit is an amount of money required by a Forex Broker to open an account.
The amount of the minimum deposit required will depend on each brokerage firm.
Top 2 Forex Brokers with a 5 Dollar Minimum Deposit (2025)
☑️XM – Overall Best $5 minimum deposit Forex Broker.
☑️FBS – Offers Diverse Trading instruments.
1. XM
XM is a widely trusted Forex service provider that offers its services to over 10,000,000 clients in over 200 countries across the globe.
XM offers an easy-to-use trading environment, with a very minimal deposit threshold of just $5.
All categories of traders can try their luck on their own.
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
This is great for beginners as, with this small deposit threshold, they are able to trade with minimal risk while opening their account to most financial instruments.
XM also boasts of offering flexible account types, competitive spreads, and robust educational resources, all in an attempt to make the service quite affordable without throwing quality out of the window.
Features
| 🔎Broker | XM |
| Company Information | |
| 📅Year Founded | 2009 |
| 🧑🏻💻Amount of staff | Over 900 |
| 📌Current CEO | Constantinos Cleanthous |
| 🌟Founder/s | Constantinos Cleanthous |
| 👩💻Amount of active traders | Over 10 mil |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CySEC, ASIC, IFSC, DFSA, FCA |
| 🌎Country of regulation | Cyprus, Australia, Belize, Dubai, UK |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes (for European clients under CySEC regulation) |
| Two-step Authentication | Yes |
| 🔋Investor Protection Schemes | FSCS (up to £85,000) for UK clients under XM UK (regulated by FCA) |
| Account Types and Features | |
| ➕Accounts | Micro, Standard, XM Zero (all come in MT4 & MT5 versions) |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Not offered |
| 📇Minor account currencies | USD, EUR, GBP, JPY, etc. |
| 💰Minimum Deposit | From USD 5 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1 business day (may vary) |
| 🪙Fund Withdrawal Fee | $0 |
| 📊Spreads from | 0.8 pips |
| 💸Commissions | No commission on trades (except for stock CFDs) |
| 💱Number of base currencies supported | More than 11 (USD, EUR, GBP, AUD, etc.) |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:1000 |
| 📏Margin requirements | As low as 1% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Ultra-fast (average under 1 second) |
| 📆VPS Hosting | Yes (free if minimum requirements met) |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 1,000+ |
| 🗠CFD Stock Indices | Major global indices 30+(e.g., S&P 500, FTSE 100) |
| ⚖️CFD Commodities | Popular commodities 15+ (e.g., gold, oil, natural gas) |
| 📜CFD Shares | Yes,600+ Shares of listed companies (exact number depends on regulations) |
| Watchlist | 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 transfers, electronic wallets (Skrill, Neteller etc.), regional options |
| 💵Withdrawal Options | Credit/debit cards (limited to amount deposited with them), bank transfers, electronic wallets (subject to original deposit method), regional options |
| 🎁Welcome Bonus | Yes (region dependent) |
| Trading Platforms and Tools | |
| 🔧Stop-loss Instrument | Yes |
| 💻Trading Platforms | MT4 (MetaTrader 4), MT5 (MetaTrader 5), XM WebTrader |
| 👩💻OS Compatibility | Windows, Mac, Android, iOS |
| 🖥️Forex trading tools | Technical indicators Market analysis tools Auto trading (Expert Advisors - MT4 only) Algorithmic trading (limited - MT5 only) Trading calculators Economic calendar Sentiment analysis (limited) |
| Customer Support | |
| 🗣️Live chat availability | Yes, 24/5 |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | 35725029933 |
| 🗣️Languages supported on Website | 30+English, Malay, Chinese (Simplified & Traditional), Greek, Hungarian, Russian, Indonesian, French, Italian, Swedish |
| Educational Resources and Support | |
| 📍Beginner Trader Friendly UX | Yes |
| 🖺Forex course | Yes, XM offers a forex course for beginners. |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes, XM provides a library of educational resources including articles, videos, and glossaries. |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 10000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, XM sponsors various events and teams |
| 🪙Rebate program | May offer occasional rebate promotions, check their website for current offers |
| 🗞Community Forum | No |
| Official Website and Social Media | |
| 📧Official Website Address | www.xm.com |
| 📱Official Facebook Page | Yes |
| 📱Official Twitter Page | Yes |
| 📱Official YouTube Channel | Yes |
| 📱Official LinkedIn Page | Yes |
| 📱Official Instagram Page | Yes |
| South African Trader Specific Information | |
| Does XM Accept South African Traders? | Yes, XM accepts South African traders. They have a dedicated South African branch, XM ZA (Pty) Ltd, which is authorized by the Financial Sector Conduct Authority (FSCA) with authorization number 49976. |
| Is XM regulated by the South African regulatory body (FSCA)? | Yes, For South African clients, XM operates under the regulation of the FSCA through their South African branch, XM ZA (Pty) Ltd. This ensures adherence to local regulations for client protection. |
| Does XM offer an Affiliate Program for South African Traders? | Yes, XM offers an affiliate program for South African traders. You can find more information about it on the XM ZA website or by contacting their support team. |
| Does XM allow opening trading accounts in ZAR (South African Rand)? | Yes, XM allows opening trading accounts in ZAR (South African Rand). This makes it convenient for South African traders to deposit, trade, and withdraw funds without currency conversion fees. |
| 👉Open Account | 👉Open Account |
XM Minimum Deposit
The minimum deposit required to open an XTB Account is USD 5 across the Micro, Standard, and XM Ultra Low Account options.
| 🔎 XM Account Type | 💰 Minimum Deposit | 📊Spreads | 🔣Leverage |
| 🥇 Micro | $5 USD | As low as 1.6 pips | Up to 1:1000 |
| 🥈 Standard | $5 USD | As low as 1.6 pips | Up to 1:1000 |
| 🥉 XM Ultra Low | $5 USD | As low as 0 pips | Up to 1:1000 |
| 🚀 Open an Account | 👉Open Account | 👉Open Account | 👉Open Account |
XM USD 5 Minimum Deposit Accounts
The minimum deposit required to open an XM Account is USD 5 across the Micro, Standard, and XM Ultra Low Account options. Here is a short breakdown of each:
| 🔎 Account | 🥇 Micro | 🥈 Standard | 🥉 XM Ultra Low |
| 💰 Minimum Deposit | $5 USD | $5 USD | $5 USD |
| 📈 Leverage | Up to 1:1000 | Up to 1:1000 | Up to 1:1000 |
| 🔁 Spreads from | 1 Pip | 1 Pip | 0.6 Pips |
| 💵 Commission | None | None | None |
| ☪️ Islamic Account | Optional | Optional | Optional |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Highly Regulated | Swap Fees |
| Low Minimum Deposit | No Proprietary Platform for Web or Desktop |
| Wide Range of Instruments | Withdrawal Fees |
| Competitive Spreads | Inactivity Fee |
| High Leverage | Complex Fee Structure |
| Educational Resources | Limited Research Tools |
Our Findings
XM, a popular $5 minimum deposit broker, offers a user-friendly platform, competitive spreads, and a wide range of trading instruments.
2. FBS
FBS is an international Forex Service Provider with a presence in more than 190 countries across the globe.
FBS offers access to training materials, cutting-edge trading technologies, and the latest strategies on the Forex market.
FBS offers great accessibility, with the minimum deposit starting from $5, making it very good for beginners or low-capital traders.
Min Deposit
USD $5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Over 27 000 000+ Traders
For such a low entry, FBS has different account types, competitive spreads, and a wide range of trading instruments offered.
The broker also supports micro and cent accounts, meaning clients can trade in smaller volumes while gaining practical experience in the markets.
Features
| 🔎Broker | FBS |
| Company Information | |
| 📅Year Founded | 2009 |
| 🧑🏻💻Amount of staff | 150+ |
| 👩💻Amount of active traders | 16 million+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSC, ASIC, CySEC |
| 🌎Country of regulation | Belize, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | ICF (for EU clients) |
| Account Types and Features | |
| ➕Accounts | cTrader, Raw Spread, standard |
| 💳Institutional Accounts | No |
| 👨💼Managed Accounts | Yes (PAMM) |
| 📇Minor account currencies | USD, EUR, GBP, THB |
| 💰Minimum Deposit | $5 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 15 minutes to 24 hours |
| 🪙Fund Withdrawal Fee | Varies based on payment method |
| 📊Spreads from | From 0.0 pips |
| 💸Commissions | From $6 per lot (ECN Account) |
| 💱Number of base currencies supported | 6 |
| 🚀Swap Fees | Applicable (except Islamic accounts) |
| 📈Leverage | Up to 1:3000 |
| 📏Margin requirements | Varies based on asset |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 0.2 seconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 200+ |
| 🗠CFD Stock Indices | 5 |
| ⚖️CFD Commodities | 6 |
| 📜CFD Shares | 100+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller) |
| 💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4, MT5, FBS Trader App |
| 👩💻OS Compatibility | Windows, macOS, Android, iOS |
| 🖥️Forex trading tools | Economic calendar, market analysis, VPS, calculators |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | +357 25 313540 |
| 👾Social media Platforms | Facebook, Instagram, Twitter, YouTube |
| 🗣️Languages supported on Website | 18+ Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Articles, videos, tutorials, webinars |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 18,000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, the Qatar Economic Forum 2025 |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
FBS Minimum Deposit
The minimum deposit required to open an FBS Micro Account is USD 5. Other minimum deposits will range from USD 1 – USD 1000.
| 🔎 FBS Account | 💰 Minimum Deposit | 📊Spreads | 🔣Leverage |
| 🥇 Cent | $1 USD | From 0.1 pips | Up to 1:1000 |
| 🥈 Micro | $5 USD | From 0.0 pips | Up to 1:3000 |
| 🥉 Standard | $5 USD | From 0.0 pips | Up to 1:3000 |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
FBS USD 5 Minimum Deposit Accounts
The minimum deposit required to open an FBS Micro Account is USD 5.
| 🔎 Account | 🥇 Micro |
| 💰 Minimum Deposit | $5 USD |
| 🔁 Spreads from | 3 Pips |
| 🪙 Commission | $0 USD |
| 📊 Leverage (Up to) | 1:3000 |
| 🚀 Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Offers accounts with a very low minimum deposit | High leverage can also increase risk |
| Provides a wide range of account options | Spreads can widen during market volatility |
| Regular bonuses and promotions | Lacks some advanced trading tools |
Our Findings
FBS stands out as a reliable $5 minimum deposit broker, offering a user-friendly platform, competitive spreads, and high leverage. While it’s a great choice for beginners, traders should be aware of potential risks associated with high leverage and volatile markets.
Conclusion
Brokers accepting a $5 minimum deposit allow beginners to get a feel of forex in its basic form.
Some of the benefits include enabling people to begin trading with less money getting a feel of how it works and practicing trading strategies.
However, the low deposit entails an understanding that the primary disadvantage of such offers includes the high spreads and a limited number of trading tools.
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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 initial deposit of the trader.
Traders need to ensure that they understand their risk exposure and they need to determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital.
Frequently Asked Questions
Who are the most popular 5-dollar minimum deposit forex brokers in South Africa?
According to our research HFM (previously known as Hotforex), FXOpen, and Justforex are at the top of South African traders’ choices of 5 dollar minimum deposit brokers.
For whom are the $5 minimum deposit regulated brokers in South Africa best suited?
The 5-dollar minimum deposit regulated forex brokers are best suited for beginner traders. These brokers are regulated by at least one Top-tier authority and they are considered to be transparent, safe, and reliable for beginner forex traders in South Africa to use.
What are the benefits of trading forex with a 5-dollar minimum deposit broker?
The benefits of trading forex with a 5-dollar minimum deposit broker are that traders get the opportunity to trade with a live trading account in a live trading environment without risking too much of their funds.
Can I start trading forex with a broker in South Africa for only $5?
Yes, you can start trading forex with a broker in South Africa with only $5 / ZAR 86 however, you should not expect to make huge profits from a 5-dollar minimum deposit, but you can increase your trading account size gradually.
Which instruments can be traded with a 5-dollar minimum deposit?
The tradable instruments with a 5-dollar minimum deposit will depend on your broker choice and include instruments across all asset classes, such as currency pairs, commodities, cryptocurrencies, equity and index CFDs, futures contracts, and more.
Are $5 minimum deposit forex brokers regulated?
No, not all $5 minimum deposit brokers are regulated. Traders should check on Google and on the broker’s website for confirmation of regulation.
