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Forex Broker With Minimum Deposit of $10

by Ace626

We would go over the top Forex Broker with Minimum Deposit of $10 in this article and we are sure that by the end of this article you should know what this brokers are.

For you to be reading this article that means you are probably into forex trading and right now you are looking for the best forex broker to use.

I know for a fact that you must have tried one or two forex broker but realized that the minimum deposit for them are more than $50 and that is to high to you.

Well if this is you make sure to read this article till the very end as we would be going over the best forex broker which has a minimum deposit of $10.

Make sure to read this article till the end as we will go over all you should know.

We would go over lot of subtopics even ones that was not in the title and subtitle.

This is for you to get a better understanding of what forex trading is all about.

What is a Forex Broker

Let us go with what a forex broker is for those who are newbies into forex trading.

You should at least have a few knowledge on Forex trading before looking for a forex broker.

According to Investopedia: A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies.

Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies.

Let’s go over the forex broker with minimum deposit of $10 dollars.

Forex Broker with Minimum Deposit of $10

Forex Broker With Minimum Deposit of $10

FXTM Forex Broker

This is the first on our list, FXTM has a star rating of over 4.6/5 and over thousands of downloads and active users.

FXTM is regulated by CySec and FSCA, which simply means it’s very secured so you can trust them with your money.

One benefit of FXTM is that they charge a low Commission fee which is a very good feature you can not find easily in brokers.

Pros

  •  Bonus for signing up

Cons

  • Unclear communication – appears to be a no deposit bonus
  •  $100 deposit required within 6 months of signing up

LiteForex Broker

This forex broker has a star rating of over 4.5/5, with their regulators being Marshall Islands.

Lite Forex broker has only seven(7) trading pairs for users to work with, with their trading desk being metatrader 4.

LiteForex has a leverage of 1:1000 and a maximum pip spread of 0.4 pips.

LiteForex is a very unique forex broker as they have a minimum deposit of $5 dollars.

Pros

  • Account options abound.
  • Well-known trading platforms
  • There are no hidden costs.

Cons

  • Bank cash deposits are not accepted.

RoboForex Broker

This is an international forex broker which is regulated by the IFSC.

RoboForex Broker trading desk is metatrader 4 and they have over 32 trading pairs which users can work with.

RoboForex Broker is best referred to with the term multi-asset because it is known as a multi-asset forex broker.

One advantage of RoboForex is the fast reply which their support gives, RoboForex customer support are always available and can be contacted through any medium.

Pros

  • Strictly controlled Clients
  • Negative balance defense
  • Account types that are adaptable

Cons

  • Clients in the United States are not eligible.
  • Fixed spread accounts are not available.

Admiral Market

Admirals (previously Admiral Markets) is a trading platform for forex, contracts for difference (CFDs), and foreign exchange transactions in a variety of financial markets based in Tallinn, Estonia.

With a star rating of 4.1/5, admiral Market holds license with the Financial Conduct Authority (FCA), the Estonian Financial Supervision Authority, the Cyprus Securities and Exchange Commission (CySEC), plus the Australian Securities and Investments Commission (ASIC).

Admiral marker has a low commission fee, with a maximum pip spread of 0.5 pips.

Pros

  • Multiple account choices
  • Popular trading platforms
  • No hidden fees
  • Wide selection of research tools
  • Great educational tools

Cons

  •  Does not accept cash deposits from banks

IQ Option Forex Broker

IQ Option is a Cyprus Based Forex Broker, it is characterized as a Cyprus Based Forex broker because they have their headquarters at cyprus.

This forex broker is limited to some countries the countries not allowed to trade are US, Canada, Australia, Russia, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, and North Korea

IQ Option has a leverage of 1:30 and it is regulated by CySec.

Nord Forex Broker

NordFX is a Vanuatu Financial Services Commission-regulated forex and CFD brokerage firm (VFSC).

This forex broker is rated on number 139 of the best recommended forex broker in the world with a star rating of 4.7 star.

Nord Forex broker has over 32 trading pairs for users to work with and a very low trading fee.

According to analysis nord Forex broker they have over 1,500,000 active account and they are available in over 190+ countries.

Nord Forex broker was founded on 2008 which means it has lasted for over 10+ years so they can be trusted.

Pros

  • Raw spreads start at 0.0 pips, and orders are executed quickly.
  • Copy trading platform that is proprietary
  • Accounts for PAMM
  • Virtual Private Server (VPS) hosting for algorithmic traders

Cons

  • Trading instruments are scarce.

IronFx Forex Broker

This is number 187 in the list of recommended forex broker

Iron forex broker has a star rating of 4.5 stars with lot of good reviews from thousands of users who have tried them out.

According to IronFx Forex Broker:

IronFX is a Cyprus-based broker that provides speculators with access to the retail foreign exchange market. Cyprus, London, Johannesburg, and Sydney are among the locations where the company has offices.

IronFx Forex broker is regulated by FCA, ASIC, FSCA, CySEC with trading desk of metatrader 4.

IronFx Forex Broker has a leverage of 1:1000.

Pros

  • More than 300 tradable assets
  • Customer service in multiple languages
  • Social trading platform with autotrading

Cons

  • Does not accept clients from the United States.
  • Other than CFDs, no equities trading is permitted.

OctaFX Forex Broker

According to OctaFX Forex broker: OctaFX Forex Broker ensures reliable Forex trading conditions to provide traders of all skill levels with an opportunity to earn more. This is possible due to: No commissions on deposits and withdrawals. No swaps. No hidden fees.

This is the best broker I have ever used and to me should be yours because of its amazing features.

OctaFX is rated as number 51 among the best recommended forex brokers out there.

This broker has a star rating of 4.6/5 stars, which means most of their users are giving positive reviews about this broker.

OctaFX Forex broker has over 28 trading pairs which their users can work with making it highly recommended to trade with OctaFX.

OctaFX unlike other forex broker has a minimum deposit of $5 and it is regulated by FCA and UK

Conclusion

This leads us to the end of this article we are sure that you have gotten the necessary information concerning the top forex Broker with Minimum Deposit of $10 dollar.

We recommend you do more research on each of this forex brokers before joining any of them, and make sure you pick the one which you feel suits you more.

You should know that forex brokers with higher minimum deposit tends to be the best and most recommended, so if you are someone who has enough fund to invest in this type of broker be sure to check out this article

Thank you for taking your time to read this article

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