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

BrokerRatingDemoLeverageBonusPlatformsMin Deposit $Payments
OctaFX9yes1:500up to 50%MetaTrader 4, Metatrader 5, cTrader5Neteller, Skrill, Fasapay, Visa, Mastercard, Malaysian, Vietnamese, Indian, Indonesian, Bangladeshi local banks, Bitcoin, Unionpay
LiteForex 7yes1:50030% + 15%Metatrader 4, Metatrader 5, WebTerminal10credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one
InstaForex 7yes1:1,000$100 No Deposit BonusMetaTrader 4, Metatrader 5, Webtrader1Bitcoin, CashU, credit cards, EgoPay, Neteller, Skrill, Ukash, UnionPay, WebMoney, wire transfer
XM7yes1:888$30 no depositMetaTrader 4, Metatrader 5, XM Webtrader5Credit Card (Visa, Visa Electron, MasterCard, Switch, and Solo), Neteller, Skrill, Wire Transfer, Western Union, MoneyGram, WebMoney, China UnionPay, Local Bank Transfer, SOFORT, iDEAL, paysafe card, QIWI, CASHU, ABAOOS, MONETA, giro pay,Przelewy24,l Astro Pay Card, FasaPay
Freshforex7yes1:1000SIGN-UP BONUS ¢100!Metatrader 41Debit/credit cards, Neteller, OKPAY, W1, QIWI, Webmoney, Skrill, FasaPay, Contact, Wire transfer
TradeFW6yes1:30https://www.forexexplore.com/forex-brokers/tradefw-review0Bank wire, Credit/Debit Card.
Oanda3yes1:50Metatrader 4, FXtrade1check, Credit cards, PayPal, Wire transfer
TenkoFX3yes1:500MetaTrader 4, Webtrader10Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi
Z.com Trade3yes1:200 Z.com trader web, Z.com trader pro (demo account only)1credit cards, wire transfer, china unionpay, skrill
AGEA2yes1:500-Streamster, MetaTrader 41Credit Cards, Wire, Skrill, Webmoney, e-Dinar, Neteller, FasaPay, Perfect Money
CMCMarkets2yes500:1-Next Generation web-based1Credit cards, Wire Transfer
Hotforex2yes1:1,000100% bonusMetatrader 4, mobile platform, rapid trader fix/api5credit cards, skrill, Unionpay, neteller, wire transfer, webmoney, fasapay
Alpari2yes1:50050% WelcomeMetaTrader 41Debit or Credit Card, Wire Transfer
FinPro Trading2yes1:200100%Metatrader 4, zulutrade, Finopro station5credit cards, paypal, skrill, wire transfer
Tifia1yes1:1,000Metatrader 4, webtrader10wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay
FXOpen1yes1:500$100MetaTrader 41Wire, WebMoney, AlertPay, CashU, c-gold, PerfectMoney
Igofx1yes1:1,000Metatrader 41wire transfer, credit cards, perfect money
AdmiralMarkets1yes1:200n/aMetaTrader 410Wire
Fort Financial Services1yes1:1,000MetaTrader 4, CQG, Ninja trader, binary options5Credit cards, webmoney, Skrill, Neteller, perfect money, fasapay, wire transfer
FBS1yesup to 1:3,000$123 Welcome BonusMetaTrader 4, Metatrader 5, Webtrading1credit cards, fasapay, Indonesia local banks, Neteller, okpay, perfectmoney, Skrill, Webmoney, wire transfer, Thai local banks, Exchangers, Malaysian banks and Bitcoin by Skrill
Simplefx1yes1:100MetaTrader 4 and in-house web-based platform1Wire transfer, Credit/debit cards, Skrill, Neteller, Astropay, Webmoney, FasaPay, Qiwi, Moneta, ru, Yandex, China UnionPay, Bitcoin and litecoin
JCMFX1yes1:1,000MetaTrader 410credit cards, FasaPay, Wire Transfer, Neteller, Skrill
LCG1yes1:500MetaTrader 4, LCG Trader (web-based, ECN accounts only)1wire transfer, debit/credit cards, Skrill
Mahi FX1yes1:100Metatrader 4, MahiFX1wire transfer, credit cards
Paxforex1yes1:500No deposit $7 bonus – cannot withdrawMetaTrader 410Credit cards, FasaPay, Neteller, OKPAY, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire Transfer
Rekuten Securities1yes1:50MarketSpeed FX, Trading Station (inherited from FXCM)1wire transfer, checks, ATM (only for local residents)
Roboforex1yes1:500MetaTrader 4, cTrader1credit cards, QIWI wallet, webmoney, Yandex.money, RBK money, Skrill, FasaPay, CashU, Payoneer, China UnionPay, Neteller, Perfect Money
Tradersway1yes1:1,000Metatrader 4, ctrader0Skrill, Neteller, Perfect Money, Webmoney, QIWI, MonetaRu, EasyPay, Boletto, CashU
TurnkeyForex1yes1:20000% deposit bonus; 30 days of commission-free trading; 30% rescue bonus MetaTrader 4, Trade Station5credit cards, wire transfer, neteller
Whaleclub1yes1:100in-house whaleclub web platform1bitcoin
FxGlory0yes1:3,00050% up to $1,000MetaTrader4, Mobile1Credit/debit cards, Paypal
AccentForex0yes1:50050%MetaTrader 410WebMoney, OkPay, Skrill, Wire Transfer, Credit Cards
GrandCapital0yes500:1$500 no depositMetaTrader 4, WebTrader10Credit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney
Adamant Finance0yes1:500Metatrader 41Bitcoin, CashU, credit cards, FasaPay, MegaTransfer, Neteller, OKPAY, QIWI, Webmoney, Yandex.Money
BlitzBrokers (IB for AxiTrader)0yes1:500MetaTrader 41Credit cards, Neteller, Skrill
ForexMart0yes1:1,000$150 no deposit neededMetatrader 41credit cards, neteller, skrill, paypal, paxum
LH-Crypto0yes1:500Metatrader 4, Metatrader 510Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, DASH, Ripple, NEO, Visa, MasterCard, Web Money, QIWI, wire transfer

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

  • Fixed costs: These include the spread or the commission.
  • Running costs: The so-called swap fees are recalculated every day and add or subtract credit to the trading account.r

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

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

Which broker is the cheapest Forex brokerage today? ForexExplore.com is doing everything possible to provide updated and useful information for traders. Our reviews & user ratings are here to give you overall understanding on various companies and provide you with the accurate broker comparison for this year. Choose the most suitable option for you while comparing the top listed brokers.