These days, more people than ever are trading online. Consequently, there are hundreds, if not thousands of brokers to wade through – so finding a good one is a daunting task.
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Looking to trade or invest from the comfort of your own home, but want to start off with small stakes? If so, stay right where you are. Whether you are a complete novice or an experienced trader, here we discuss the Best Low Minimum Brokers of 2023.Â
4
Payment methods
Trading platforms
Regulated by
Support
Min.Deposit
Leverage max
Currency Pairs
Classification
Mobile App
Min.Deposit
$100
Spread min.
Variables pips
Leverage max
100
Currency Pairs
40
Trading platforms
Funding Methods
Regulated by
FCA
What you can trade
Forex
Indices
Actions
Cryptocurrencies
Raw Materials
Average spread
EUR/GBP
-
EUR/USD
-
EUR/JPY
0.3
EUR/CHF
0.2
GBP/USD
0.0
GBP/JPY
0.1
GBP/CHF
0.3
USD/JPY
0.0
USD/CHF
0.2
CHF/JPY
0.3
Additional Fee
Continuous rate
Variables
Conversión
Variables pips
Regulation
Yes
FCA
No
CYSEC
No
ASIC
No
CFTC
No
NFA
No
BAFIN
No
CMA
No
SCB
No
DFSA
No
CBFSAI
No
BVIFSC
No
FSCA
No
FSA
No
FFAJ
No
ADGM
No
FRSA
71% of retail investor accounts lose money when trading CFDs with this provider.
Min.Deposit
$100
Spread min.
- pips
Leverage max
400
Currency Pairs
50
Trading platforms
Funding Methods
Regulated by
CYSECASICCBFSAIBVIFSCFSCAFSAFFAJADGMFRSA
What you can trade
Forex
Indices
Actions
Cryptocurrencies
Raw Materials
Etfs
Average spread
EUR/GBP
1
EUR/USD
0.9
EUR/JPY
1
EUR/CHF
1
GBP/USD
1
GBP/JPY
1
GBP/CHF
1
USD/JPY
1
USD/CHF
1
CHF/JPY
1
Additional Fee
Continuous rate
-
Conversión
- pips
Regulation
No
FCA
Yes
CYSEC
Yes
ASIC
No
CFTC
No
NFA
No
BAFIN
No
CMA
No
SCB
No
DFSA
Yes
CBFSAI
Yes
BVIFSC
Yes
FSCA
Yes
FSA
Yes
FFAJ
Yes
ADGM
Yes
FRSA
71% of retail investor accounts lose money when trading CFDs with this provider.
Min.Deposit
$10
Spread min.
- pips
Leverage max
10
Currency Pairs
60
Trading platforms
Funding Methods
What you can trade
Forex
Indices
Cryptocurrencies
Average spread
EUR/GBP
1
EUR/USD
1
EUR/JPY
1
EUR/CHF
1
GBP/USD
1
GBP/JPY
1
GBP/CHF
1
USD/JPY
1
USD/CHF
1
CHF/JPY
1
Additional Fee
Continuous rate
-
Conversión
- pips
Regulation
No
FCA
No
CYSEC
No
ASIC
No
CFTC
No
NFA
No
BAFIN
No
CMA
No
SCB
No
DFSA
No
CBFSAI
No
BVIFSC
No
FSCA
No
FSA
No
FFAJ
No
ADGM
No
FRSA
Your capital is at risk.
Min.Deposit
$50
Spread min.
- pips
Leverage max
500
Currency Pairs
40
Trading platforms
Funding Methods
What you can trade
Forex
Indices
Actions
Raw Materials
Average spread
EUR/GBP
-
EUR/USD
-
EUR/JPY
-
EUR/CHF
-
GBP/USD
-
GBP/JPY
-
GBP/CHF
-
USD/JPY
-
USD/CHF
-
CHF/JPY
-
Additional Fee
Continuous rate
-
Conversión
- pips
Regulation
No
FCA
No
CYSEC
No
ASIC
No
CFTC
No
NFA
No
BAFIN
No
CMA
No
SCB
No
DFSA
No
CBFSAI
No
BVIFSC
No
FSCA
No
FSA
No
FFAJ
No
ADGM
No
FRSA
71% of retail investor accounts lose money when trading CFDs with this provider.
Not only that, but we walk you through the key metrics of how to find a good low minimum broker, including regulation and safety, potential fees, leverage, and much more.
Eightcap - Regulated Platform With Tight Spreads
- Minimum deposit of just 250 USD to get lifetime access to all the VIP channels
- Use our Secure and Encrypted Infrastructure
- Spreads from 0.0 pips on Raw Accounts
- Trade on the Award-Winning MT4 & MT5 Platforms
- Multi-jurisdictional Regulation
- No Commission Trading on Standard Accounts
Best Low Deposit Minimum Brokers 2023 – Our Top 5 Picks
When searching for a suitable platform to fulfill your online trading needs, there is no room for hasty decisions. After all, you are handing over your hard-earned money. The best low deposit minimum brokers will be regulated.
This provides you with a safety net against shady companies and offers you a level of protection, in the unlikely event that the broker goes bust.
As such, you should set a high bar when deciding which broker to sign up with. Ideally, you will set sights on a platform with low fees, good customer service, with some trading tools thrown in for good measure.
If you are eager to get started right away, you will see below reviews of our best low minimum deposit brokers for your consideration.
1. AvaTrade – Broker with Impressive Techincal Analysis Tools
In at number 4 on our list of the best low minimum deposit brokers is AvaTrade. This broker is well known in the industry - the world over. When it comes to regulation, this platform holds licenses from bodies in Australia, the UK, Europe, Abu Dhabi, South Africa, and Japan.
As well as being compatible with MT4 and MT5, the broker has its own trading platform that was built from the ground up. This is made up of a variety of portfolio simulations, professional risk management tools, and such. The AvaTrade website itself has heaps on offer, in terms of educational material.
This includes guides on economic indicators, strategies, trading, and more. For those who enjoy a social trading feel, AvaTrade is compatible with 'Zulutrade' and 'DupliTrade', so you can simply link your account accordingly. Utilizing such a platform allows you to trade in an automated manner based on a pro trader's portfolio.
When it comes to accessing markets, AvaTrade offers a variety of CFDs such as forex, indices, ETFs, stocks, cryptocurrencies, and commodities. This is yet another broker on our list that doesn't charge a cent in the way of commission fees.
It's super easy to sign up, as the platform accepts credit/debit cards or wire transfers. The minimum deposit at AvaTrade is just $100, and if you prefer the convenience of buying and selling from the palm of your hand, you should try out the 'AvaTradeGo' app.
- Achievable minimum deposit of $100
- Regulated in multiple jurisdictions
- Plethora of assets to trade
- Inactivity fees a little high
2. VantageFX –Ultra-Low Spreads
VantageFX VFSC under Section 4 of the Financial Dealers Licensing Act that offers heaps of financial instruments. All in the form of CFDs - this covers shares, indices, and commodities.
Open and trade on a Vantage RAW ECN account to get some of the lowest spreads in the business. Trade on institutional-grade liquidity that is obtained directly from some of the top institutions in the world without any markup being added at our end. No longer the exclusive province of hedge funds, everyone now has access to this liquidity and tight spreads for as little as $0.
Some of the lowest spreads in the market may be found if you decide to open and trade on a Vantage RAW ECN account. Trade using institutional-grade liquidity that is sourced directly from some of the top institutions in the world with zero markup added. This level of liquidity and availability of thin spreads down to zero are no longer the exclusive purview of hedge funds.
- The Lowest Trading Costs
- Minimum deposit $50
- Leverage up to 500:1
Best Low Minimum Deposit Brokers – Types of Platforms
As is crystal clear from our top 5 list above, the best low deposit minimum brokers will be able to offer you access to a variety of different asset classes.
Bear in mind that whilst you might have your sights set on forex right now – there might come a time when you want to diversify your portfolio. This could be inclusive of cryptocurrencies, stocks, commodities, and such.
Please find below a list of the most commonly seen low minimum brokers available in 2023.
Best Low Minimum deposit Brokers for Stocks
People have been actively engaging in stock trading for over 400 years. As such, the best low minimum deposit brokers for stocks will be able to offer you access to a plethora of different markets.
For instance, in the US some of the largest stock markets are theNew York Stock Exchange (NYSE) and the NASDAQ. Elsewhere in the world, you have the London Stock Exchange, the Japan Exchange Group, Hong Kong Stock Exchange, Euronext, and heaps more.
eToro offers access to the biggest stock exchanges in the world. Furthermore, as we mentioned in our eToro review earlier – you have access to more than 2,400 stocks, from 17 different marketplaces. By choosing a low minimum broker that is able to offer you a variety of stocks – you will never be short of options. It’s also a great way to avoid overexposure to one specific market.
If you decide to invest in shares, you will own the shares outright. This means that if that particular stock pays its investors dividends, you will be able to make the most of regular payments. Most online brokers distribute such payments on a quarterly basis, and many investors choose to re-invest the payout.
Social trading platform eToro charges zero share dealing fees or commissions, and the minimum investment is just $50 per stock trade. This is because the platform enables you to purchase fractional shares. As most of us don’t have $3k going spare to invest in one single Amazon stock – this is a big plus!
Best Low Minimum Deposit Brokers for Forex
As you likely know, forex is the most traded marketplace in the world, with daily trading volumes of almost $7 trillion. Just in case you are a newbie – forex consists of exchanging one fiat currency for another. Put simply, your job as a forex trader is to try to speculate on the rise or fall of the exchange rate later on.
This timeframe can be minutes, hours, or days – sometimes weeks or years depending on your strategy. Let’s imagine you want to speculate on the euro rising against the US dollar. This is shown as EUR/USD. In this case, you would place a buy order with your broker. If you thought that the euro was going to fall in value against the US dollar – a sell order would need to be placed.
The best low minimum deposit brokers will provide access to a multitude of FX pairs.
- For those unaware, currency pairs fall into 3 categories – major, minor, and exotic pairs.
- The vast majority of platforms will provide plenty of majors to choose from – and these invariably include the likes of EUR/USD, GBP/USD, and USD/JPY (to name a few).
- If it is exotic pairs you are interested in you will need to check that the broker can offer them.
In terms of leverage on forex, it’s important to note that some people will not be able to access this – due to the country of residence of the trader. We discuss CFDs and leverage in further detail later on.
Best Low Minimum deposit Brokers for Commodities
When it comes to the best low minimum deposit brokers for commodities, eToro is fantastic. The platform provides access to over 45 commodity markets across various sectors.
This includes the usual suspects like gold, oil, silver, and natural gas. In addition to this, you can trade commodities such as wheat, aluminum, cocoa, sugar, cotton, platinum, copper, and heaps more. Commodities are often used to hedge against highly volatile markets and diversify traders’ portfolios, so this market is well worth exploring.
The vast majority of people opt to trade commodities via CFDs – mainly because it cuts out the need to store big barrels of oil or bullions of gold. Another popular way to trade commodities is via ‘options’ or ‘futures’ contracts. It has to be said that if you are a newbie, futures and options might appear a little too complex to begin with.
If you see yourself as more of a long-term investor of commodities, you might want to consider an exchange-traded fund (ETF). These are financial instruments that are backed by whatever the price of the underlying asset is. At eToro, you are able to invest in ETFs whilst paying 0% commission to the broker – making it perfect for longer-term investments.
Best Low Minimum Deposit Brokers for CFDs
Contracts for Differences (CFDs) simply monitor the real-world price movements of the asset in question – whether that be forex, commodities, or stocks.
This means that you can speculate on the rise or fall of the asset, making a profit if you are correct. Of course, as we touched on, this means you don’t need to own or store the underlying asset yourself. After all, imagine housing bushels of wheat, or as we said – bullions of gold. The logistics of buying and selling such assets would be a nightmare.
- CFDs are obtainable for bonds, stocks, indices, forex, commodities, ETF, and more.
- The best minimum brokers will be able to offer clients all CFDs with low spreads and no commission to pay.
Importantly, if you live in the US you should note that all CFDs are prohibited as per SEC and CFTC rules. UK citizens can access CFDs on most assets – but not cryptocurrencies (as of January 2021).
Best Low Minimum Deposit Brokers for Cryptocurrencies
Granted, digital currencies haven’t been around for hundreds of years like stocks. However, this asset class has experienced a rapid growth in popularity in recent years. The cryptocurrency market as a whole is now close to $1 trillion and Bitcoin alone has since surpassed $40,000!
The best low minimum deposit brokers for crypto-assets will allow you to stake a modest amount so that you can steadily build your portfolio. Over at eToro, you can choose from 16 different digital coins, and not pay a cent in commission!
Furthermore, the minimum investment at eToro is $25 for cryptocurrencies, which is within most people’s trading budgets. Not only is such a small amount ideal for a regular investment strategy, but it also saves you from throwing a large sum of money at one single speculative asset.
Remember though, if you are from the UK or the US, you will not be permitted to trade cryptocurrency CFDs. This can be avoided by heading to an unregulated exchange. However, this is asking for trouble and should be given a wide berth. The benefits of regulation are far better than the ‘benefits’ of unregulated, leveraged crypto products.
How to Find the Best Low Minimum Deposit Brokers in 2023?
If you have tried conducting an internet search for online brokers – you will know that there are hundreds, if not thousands out there. The problem is separating the wheat from the chaff.
As you can see, we have done the hard work for you by listing our 5 best low minimum deposit brokers of 2023.
Still undecided about which platform deserves your custom? Then check out the list of important metrics to consider, when searching for the best low minimum deposit brokers in the space right now.
Regulation and Safety
As we have touched on multiple times, regulation is your best friend when online brokers are concerned. As such, this should be high on your checklist of important metrics when looking for a platform.
When handing over money to any company, you want to know they are legit first – and so a trading platform is no different. A general rule of thumb is to only ever sign up to a broker licensed by one or more regulatory organizations. For instance, you will notice that AvaTrade has been given licenses by multiple jurisdictions – including the EU, South Africa, Australia, Japan British Virgin Islands, and more.
eToro is regulated by no less than 3 reputable financial bodies, as well as being registered FINRA in the US. Capital.com is regulated by 2 respected bodies. Popular low minimum brokers EightCap and EuropeFX are also heavily regulated by tier-one license issuers. In other words, all of the best low minimum deposit brokers listed on this page are safe to use.
To clarify, the regulatory bodies you should look out for when looking for a great trading platform are inclusive of the:
- FCA (United Kingdom)
- CySEC (Cyprus)
- ASIC (Australia)
- SEC (US)
- FINRA (US)
There are more, but these are the most commonly used by reputable brokers. Nevertheless, regulated low minimum brokers are a safe haven for all of us. This is because there are many rules they must follow to keep their license and avoid fines.
This includes client fund segregation, meaning your funds must be kept in a separate account to that of the platform’s corporate funds.
As such, in the unlikely case of a broker going bankrupt, your money is protected from third-parties. Not only that, but regulated brokers are required to submit regular audits, stick to Know Your Customer (KYC) rules – and remain compliant when it comes to fairness and transparency for all clients.
Minimum Stake
Whilst the minimum stake isn’t the most important thing to tick off your list when looking for the best online brokers – it does matter. After all, if you are a beginner, a platform requiring $500 for a minimum stake isn’t likely to be suitable.
We are going to talk about commission shortly. However, you should note that when looking for the perfect platform with a low minimum stake – a variable commission is much better than a fixed rate.
For example:
- Let’s say your broker charges a fixed rate for every trade of $10
- If you open a position at $100 – you need to pay your broker $10
- That works out at a nominal commission of 10%
- When it’s time to cash out, your position is worth $80Â – you must pay $10 again
- This works out at 12.5%
Had you instead signed up with a platform charging a variable rate of say 1.49% (for example) – the result would be quite different:
- You open a position at $100 – you pay your broker $1.49 ($100*1.49%)
- When it’s time to cash out, your position is worth $80 – You pay 1.49% again, which equates to $1.19
- You paid a total of $2.68 commission on this trade
More on commission later. Crucially, if you happen to be fairly new to the game – it’s advisable to trade or invest regularly and safely. As we touched on, you can get started on eToro from as little as $25 when it comes to stakes.
Supported Assets
When you have made sure that the broker you are interested in is regulated by at least one regulatory body, you can explore the platform a little more.
To give you a recap of the assets on offer at the best low minimum brokers, see below:
- Futures and Options
- ETFs and Mutual Funds
- Shares
- Forex
- Stock CFDs
- Indices
- Commodities
- Cryptocurrencies
When conducting your own research into low minimum deposit brokers, you will notice that some focus on just one or two assets. This is usually something like cryptocurrencies or forex.
The best low minimum brokers will be able to offer a variety of different tradable assets. If you are still searching for the right fit, scroll up for a recap of our 5 platform reviews. All are regulated, offer a variety of markets, and are of course zero-to-low in terms of commission.
Ownership or CFDs
As we mentioned earlier, you will usually have a choice of whether to buy or trade your chosen asset. In terms of trading, this tends to be done via CFDs. When it comes to purchasing the asset, you will usually be buying the asset outright and holding on to it for a long time. As such, you will own the asset in question.
If you plan on owning the asset, such as stocks for instance – then you will be looking to avoid ongoing fees such as annual platform charges. Such fees can nibble away at your gains at a rapid rate.
We discussed CFDs earlier, so you can now decide whether you would prefer to buy or trade the market you are interested in. As we said though, CFDs are not available to US residents, in any capacity. To reiterate, residents of the UK are now prohibited from accessing cryptocurrency CFDs specifically.
If you live in a country where CFDs are available to you, be mindful of the fees attached to this contract. For each day your trade is left open overnight, you will be charged a daily fee called an ‘overnight financing fee’, otherwise called a ‘swap fee’. CFDs are leveraged financial instruments – so this fee is unavoidable.
Maximum Leverage
This brings us nicely onto leverage, which often goes hand in hand with CFDs. For any newbies reading, leverage is comparable to a loan from your broker. This enables you to trade on a margin, with more than the trading account balance allows.
Leverage is almost always displayed as a ratio, for instance, 1:2, 1:5, 1:20, or 1:30.
In case you are unfamiliar with leverage:
- If you have $500 in your account and then apply leverage of 1:2 to your trade – your position is $1,000 ($500 * 2).
- If it had been leverage of 1:30, your position would be $15,000 ($500 * 30) – and so on.
Please note – maximum leverage depends on your location. For instance, the following ESMA limits apply in Australia (from April 2021), the UK, and most of Europe:
- 1:30 for major forex pairs
- 1:20 for non-major forex pairs, major indices, and gold
- 1:10 for commodities other than gold
- 1:5 for CFD stocks
- 1:2 for cryptocurrencies
Unregulated brokers and exchanges can offer as much as 1:100 leverage. Whilst this may sound tempting, these spaces are usually unregulated and thus – unsafe. Not only that, but leverage should be used with caution. Sure, it can boost your position and therefore your gains, which is great.
However, if the trade doesn’t go the way you hoped it would, your losses are magnified. This can lead to account liquidation if you are trading beyond your means.
Trading Platform
The best low minimum deposit brokers will enable you to trade and invest directly via the platform’s website – as opposed to having to download and install software. This means all you have to do is head over to the website and sign in.
Some brokers are compatible with third-party platforms like MT4, MT5, and in some cases cTrader. As we mentioned in our broker reviews – these platforms provide traders with a tonne of helpful trading tools, charts, indicators, and invaluable educational content.
If this sounds like something you would be interested in, then our best low minimum deposit brokers for the job are probably EightCap, AvaTrade, or EuropeFX.
If, like most of us, you want to be able to access your account when you are away from your desktop – check whether the broker has an app. Generally speaking, most modern brokers offer an application for both iOS and Android users.
Best Low Deposit Minimum Brokers – Online Brokerage Fees
The very best low minimum deposit brokers offer clients smooth and stress-free access to a variety of markets. This service comes with a fee attached. It is a business after all. With this in mind, it’s crucial you explore any fees that might be expected of you – before signing up.
To shed some light on commonly charged fees at the best low minimum brokers, see the list below.
Dealing Fees
If you intend on investing in traditional assets such as ETFs, shares, or mutual funds – this usually comes with a fixed fee attached.
We talked about fixed fees earlier on. However, to give you a better idea of how this might affect your investment, see below:
- You are investing in shares – the platform charges you $12 for each trade
- The amount of money you have chosen to invest is irrelevant – the fee remains the same
- As such, when it’s time to cash out your investment, you will again be charged $12
If you had instead elected to buy shares via commission-free broker eToro – you would have saved $24.
Trading Commissions
If you are looking to trade markets like forex, gold, or oil – the chances are you will be charged a variable commission. Again, we covered this subject briefly earlier. However, for clarification see below:
- Let’s imagine the broker charges a variable commission of 0.8% on each CFD trade
- You think that gold is going to rise in value – as such, you place a $1,500 buy order
- The aforementioned commission of 0.8% equates to $12
- Your gold CFD position is now worth $1,800 – you decide to close your position
- You must again pay 0.8% – this works out at $14.40
On this position, you spent $26.40 on fees alone. Again, by choosing a commission-free broker like eToro, you would have paid nothing in trading fees!
Spreads
For those unaware, the spread is an indirect fee charged by online brokers. The fee is the gap between the buy price and the sell price of the asset in question.
The smaller the spread, the better it is for your profits. In the trading scene, this is called a ‘tight spread’ and is something all traders look for in a broker.
Such spreads tend to be calculated as a percentage of your stake. Albeit, when trading forex this is usually illustrated in ‘pips’.
See below:
- If the platform charges a spread of 0.6% on your chosen asset – you need to make gains of 0.6% to reach the ‘break-even’ point
- If the spread is 2 pips – you need to make gains of 2 pips to break even
We mentioned ‘break-even’ there. Put simply, if you instead make 0.8% in the first example – your actual profit is 0.2%.
Deposits and Withdrawals
It goes without saying that before you can trade or invest online, you will need to add funds to your account. The best low minimum brokers will be compatible with a range of payment methods.
For example, eToro accepts a multitude of deposit types. This includes credit/debit cards, e-wallets like Skrill, PayPal, and Neteller, and bank transfers. Crucially, remember that a bank transfer is the most sluggish way to deposit funds into your account.
Our best low minimum broker guide found that some platforms can take days on end to fund your account. This is largely due to an old fashioned system involving manually checking and validating each piece of submitted ID. Modern social trading site eToro, however, will have your account set up in minutes, thanks to automated validation.
In addition to checking available payment methods – you should check what the withdrawal/deposit fees are – if any. Most platforms will also state how long they expect it to take to process your withdrawal – which tends to be 1 to 2 business days.
Tools for Beginners
In our comprehensive reviews of the best low minimum brokers, we mentioned educational content a few times. Not only should the platform be super easy to use, but if you are a beginner, you will likely be interested in tools to aid your learning too.
For newbies, in particular, there are some important metrics to consider before committing to a low minimum deposit broker.
Educational Material
There is an abundance of educational material available at your fingertips online. With that said, it’s also super convenient if a trading platform you are signed up with can offer you explainers and guides – all in the same place.
At eToro, there is a multitude of trading educational guides and insights. This features video tutorials, podcasts, market analysis (updated daily), webinars, and more.
When it comes to learning how to trade or invest in your chosen asset – demo accounts are also invaluable. At eToro for instance, you can trade via a demo account packed with $100,000 in ‘paper funds’ to play with.
Make no mistake about it, demo accounts are just as useful when you are a seasoned investor, too. You are essentially able to learn a plethora of markets and practice strategy ideas – all without risking a single cent of your own capital. Furthermore, you can ‘go live’ whenever you like, at the touch of a button.
Automated Trading
Automated trading has gained a lot of popularity in recent years. This could be a complete novice who is eager to get started but lacks the technical analysis knowledge necessary. Or, it could be a highly experienced investor who just doesn’t have the time to commit to their particular market of interest.
Either way, automated trading is a 100% passive way to invest in or trade your chosen market. One of the best ways to do this is by using a ‘Copy Trader’ feature. In case you haven’t heard of this tool, you invest in a pro-investor with similar interests. Whatever they buy or sell is mirrored in your own account, in proportion to your investment.
To clarify, this means that if the pro trader invests 1% of their portfolio in gold – 1% of your own portfolio will also be invested in gold. If the pro spots an opportunity and buys shares in Zoom – again, this will be reflected in your portfolio. You get the idea.
eToro offers both ‘Copy Traders’ and also ‘Copy Portfolios’. The latter, as you can guess, enables you to passively copy an entire portfolio that suits you to a ‘T’. Each portfolio is looked after by a team of eToro pros. Best of all, both of these automated tools at eToro can be accessed at no extra cost – meaning your trades are still 100% commission-free!
Customer Service
Customer service will invariably be a big part of your user experience. Therefore, it’s important to be mindful of this when choosing a trading platform. The best low minimum deposit brokers offer a variety of contact methods. We like ‘Live Chat’ the best, as it is often the fastest and most convenient way to reach assistance.
Take a look around any platforms worth your consideration and see what is on offer in terms of contact methods. Also, it’s handy to have a telephone number in case you need real-time assistance and would prefer to speak to someone.
Whilst a lot of low minimum brokers provide an email address, this isn’t really helpful if it’s the only option and you are in a hurry. The reason being is that it can take days before getting a response. The vast majority of platforms will have a team available 24/5, in line with financial marketplace opening hours.
How to Get Started With The Best Low Minimum Brokers Today
By this point in our guide, you are probably eager to get started. With that in mind, we have put together a simple 4 step guide on how to sign up with your chosen low minimum deposit broker.
For this walkthrough, we are going to use the Capital.com sign up procedure as an example. After all, it made our number 1 spot in our list of the best low minimum deposit brokers of 2023.
Step 1: Open an Account
Before you can start your trading or investing endeavors – you need to open an account. Simply head over to Capital.com and hit ‘Join Now’. At this point, a signup box will appear. This is easy – simply enter your name, address, email, mobile number, and date of birth in the relevant fields.
In addition to this, you will next be required to upload a clear copy of your government-issued ID – most people use a passport. Whilst this might seem a little much, this is perfectly normal at regulated online brokers.
After all, these rules are imposed by the regulators who keep the space clean from money laundering and fraud – and KYC is an essential part of that. As such, you will also need to upload a proof of address – and you can use a utility bill or bank account statement for this.
You can initially skip the KYC step if you like, but you will invariably have to do this either when you request a withdrawal, or if depositing more than $2,250. As such, why not just get it over with now? As we said, having your account verified will usually take less than 10 minutes on Capital.com.
Step 2: Make a Deposit
Now you can make a deposit. At Capital.com, this is effortless. Simply choose from the available payment types, and you are good to go.
Some of the payment types accepted by Capital.com include:
- Debit card
- Credit card
- Neteller
- PayPal
- Skrill
- and more
Step 3: Search for Asset
Unsurprisingly, Capital.com makes searching for an asset as easy as ABC. The site is easy to navigate and user-friendly, so you will not have any trouble in this department.
If you have already made your mind up about which market you would like to access – you can type it into the search bar and select it from the suggested list.
If you are still undecided, simply click ‘Trade Markets’. You will see this on the left-hand side of your account screen, underneath ‘Discover’. Here you will be able to filter depending on the asset class and market to see what takes your fancy.
Step 4: Place Order
Finally, you need to place an order to enter the market of your choosing. Again, this is a breeze at our best low minimum broker Capital.com.
To recap:
- If you think your chosen asset will rise in price – create a ‘buy’ order
- If you think the asset will fall in price – create a ‘sell’ order
Other important information to decide on is a stake, market or limit order, stop-loss, and take-profit. When you are happy with all of the information you have entered – click ‘Open Trade’.
In doing so, Capital.com will execute your order and you will pay zero commission!
Best Low Minimum Deposit Brokers – The Verdict
Irrelevant to which market you are interested in, you need a regulated and respected broker by your side to execute your orders. There are hundreds of good, bad, and ugly online brokers out there. As such, it can be challenging to separate the wheat from the chaff.
To recap on the main factors you need to think about when looking for a low minimum broker to suit your needs, this should include regulation, available assets, low fees, user-friendliness, and trading tools.
We have saved you hours of research and came up trumps with the 5 best low minimum deposit brokers of 2023. All of the brokers we reviewed are regulated, highly regarded in the space, and offer zero or super low fees and heaps of assets. All that’s left to do now is decide which broker is best suited to your trading goals.
Eightcap - Regulated Platform With Tight Spreads
- Minimum deposit of just 250 USD to get lifetime access to all the VIP channels
- Use our Secure and Encrypted Infrastructure
- Spreads from 0.0 pips on Raw Accounts
- Trade on the Award-Winning MT4 & MT5 Platforms
- Multi-jurisdictional Regulation
- No Commission Trading on Standard Accounts