The Top 3 Forex Brokers with a $5 USD Minimum Deposit revealed. We have listed, rated, and reviewed the Top 3 Forex Brokers with a $5 USD Minimum Deposit. We showcase which minimum deposit brokers are most popular in the market today.
This is a complete listing of The Top 3 Forex Brokers with a $5 USD Minimum Deposit.
In this in-depth write-up you will learn:
- $5 Minimum Deposit Brokers
- Low or No Minimum Deposit Forex Brokers
- Low Deposit Forex Brokers in South Africa
- Nasdaq-Listed Brokers with a Low Minimum Deposit
- MT4 / MT5 $5 Minimum Deposit Brokers
and much, much more!
Top 3 Forex Brokers with a $5 USD Minimum Deposit in 2024 – A Comparison
| 🔎 Broker | 💰 Minimum Deposit | 📌 Account Types | 📍 Spreads from | 🚀 Open an Account |
| 🥇 XM | $5 USD | Micro Standard XM Ultra Low | 0 Pips | 👉 Click Here |
| 🥈 FBS | $5 USD | Micro | 0 Pips | 👉 Click Here |
| 🥉 HF Markets | $5 USD | Micro | 0.1 Pips | 👉 Click Here |
10 Best Forex Brokers in South Africa for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
#1
Read Review
$100
Visit Broker
#2
Read Review
$0
Visit Broker
#3
Read Review
$1
Visit Broker
#4
Read Review
$100
Visit Broker
#5
Read Review
$10
Visit Broker
#7
Read Review
$200
Visit Broker
#8
Read Review
$100
Visit Broker
#9
Read Review
$100
Visit Broker
#10
Read Review
$5
Visit Broker
#8
4.8/5
User Score
Sign Up
#9
4.5/5
User Score
Sign Up
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 individual brokerage firm.
Top 3 Forex Brokers with a $5 USD Minimum Deposit (2024)
- ✅ XM – Best Overall $5 USD Minimum Deposit Forex Broker
- ✅ FBS – Trusted Low Minimum Deposit Broker
- ✅ HF Markets – Highly Trusted Minimum Deposit Broker
XM
XM is a widely trusted Forex service provider that offers its services to over 5,000,000 clients in 190 countries across the globe.
XM Overview
| 🔎 Broker | 🥇 XM |
| 💰 Min. Deposit | $5 USD |
| ✒️ Regulation | FSC / CySEC |
| 💸 Trading Fee Class | Low |
| ❌ Inactivity Fee | ☑️ Yes |
| 💳 Withdrawal Fee | No |
| 🆓 Demo Account | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
XM Minimum Deposit
The minimum deposit required to open an XTB Account is $5 USD across the Micro, Standard, and XM Ultra Low Account options.
| 🔎 XM Account Type | 💰 Minimum Deposit |
| 🥇 Micro | $5 USD |
| 🥈 Standard | $5 USD |
| 🥉 XM Ultra Low | $5 USD |
| 🚀 Open an Account | 👉 Click Here |
XM $5 USD Minimum Deposit Accounts
The minimum deposit required to open an XTB Account is $5 USD 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 | 👉 Click Here | 👉 Click Here | 👉 Click Here |
XM Pros and Cons
| ✅ Pros | ❎ Cons |
| Fast digital account opening | Account types vary according to jurisdiction |
Overall Rating
- 4.8/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 5
Regulators
IFSC, FCA, CySEC, ASIC, CMA
Trading Platform
MT4, MT5
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FBS
FBS is an international Forex Service Provider with a presence in more than 150 countries across the globe. FBS offers access to training materials, cutting-edge trading technologies, and the latest strategies on the Forex market.
FBS Overview
| 🔎 Broker | 🥇 FBS |
| 💰 Bonus | ☑️ Yes |
| 📌 Regulation | IFCS |
| ☪️ Islamic account | ☑️ Yes |
| 👍 Demo Account | ✅ Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:3000 |
| 💰 Minimum Deposit | $1 USD |
| 🚀 Open an Account | 👉 Click Here |
FBS Minimum Deposit
The minimum deposit required to open an FBS Micro Account is $5 USD. Other minimum deposits will range from $1 USD – $1000 USD.
| 🔎 FBS Account | 💰 Minimum Deposit |
| 🥇 Cent | $1 USD |
| 🥈 Micro | $5 USD |
| 🥉 Standard | $100 USD |
| 🏅 Zero Spread | $500 USD |
| 📌 ECN | $1000 USD |
| 📍 Crypto | $1 USD |
| 🚀 Open an Account | 👉 Click Here |
FBS $5 USD Minimum Deposit Accounts
The minimum deposit required to open an FBS Micro Account is $5 USD.
| 🔎 Account | 🥇 Micro |
| 💰 Minimum Deposit | $5 USD |
| 🔁 Spreads from | 3 Pips |
| 🪙 Commission | $0 USD |
| 📊 Leverage (Up to) | 1:3000 |
| 🚀 Open an Account | 👉 Click Here |
FBS Pros and Cons
| ✅ Pros | ❎ Cons |
| Low stock and stock index CFD fees | Slim product portfolio |
| No inactivity fee | Limited account base currencies |
| Fast account opening | Limited Investor Protection |
Overall Rating
- 4.8/5
Read Review
Min Deposit
USD 1
Regulators
IFSC, FSCA, ASIC, CySEC
Trading Platform
MT4, MT5
Crypto
Yes
Over 27 000 000+ Traders
Total Pairs
250
Islamic Account
Yes
Trading Fees
Low
Account Activation
Instant
OPEN AN ACCOUNT
FBS has launched a new type of account specifically for trading cryptocurrencies.
The new Crypto account has over 100 instruments with digital currencies.
BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments.
- Currency: USDT (Tether)
- Leverage: 1:5
- Initial deposit: from $1
- Commission on opening positions: 0.05%
- Commission on closing positions: 0.05%
HF Markets
HF Markets is a leading forex and commodities broker that provides access to trading services and facilities to both retail and institutional clients.
HF Markets Overview
| 🔎 Broker | 🥇 HFM |
| ⚖️ Regulation | FSCA, CySEC, FCA, DFSA, CMA, FSA |
| 💳 Minimum deposit | $0 |
| 💰 Maximum Leverage | 1:2000 |
| 🔘 Asset Types | Forex, Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and Cryptocurrencies |
| 📊 Trading platforms | MT4, MT5, HFM Trading App (Android & IOS) |
| 💳 Supported lot | 0.01 - 500 |
| 💳 Demo | ☑️ Yes |
| 🚀 Open an Account | 👉 Click Here |
HF Markets Minimum Deposit
The minimum deposit required to open an HF Markets Account is $5 USD. HF Markets provides 4 different live trading accounts, Micro, Premium, Zero Spreads, and HFCopy.
| 🔎 Account Type | 💰 Minimum Deposit |
| 🥈 Premium | $0 USD |
| 🥉 Zero Spread | $0 USD |
| 🏅 Pro | $100 USD |
| 🚀 Open an Account | 👉 Click Here |
HF Markets $5 USD Minimum Deposit Accounts
HF Markets provides 4 different live trading accounts, Micro, Premium, Zero Spreads, and HFCopy. The minimum deposit required to open an HF Markets Micro Account is $5 USD.
| 🔎 Account | 🥈 Premium | 🥉 Zero Spread | 🏅 PRO |
| 💰 Minimum Deposit | $0 USD | $0 USD | $100 |
| 📈 Max Leverage | 1:2000 | 1:2000 | 1:2000 |
| ✅ Spread Type | Variable | Variable | n/a |
| 📊 Spreads From | 1 Pip | 0 Pips on Forex | 1 Pip |
| 📍 Max Simultaneous Open Orders | 300 | 60 -500 | 300 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
HF Markets Pros and Cons
| ✅ Pros | ❎ Cons |
| FSCA Regulated | US clients not accepted |
| Fast and easy account opening | |
| Low trading fees | |
| Allocate and withdraw funds with just a few clicks | |
| ZAR Currency | |
| Copy diverse trading strategies |
Overall Rating
- 4.9/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 0
Regulators
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
Conclusion
👉 Now it is your turn to participate:
➡️ Which Forex Broker with a $5 USD Minimum Depositfrom this list do you intend to test out?
➡️ What was the determining factor in your decision to engage with a certain broker?
➡️ Was it because of theLow Minimum Deposit optionon offeror the Pros and Cons?
👉 Regardless, please share your thoughts in the comments below.
You might also like: XM Review
You might also like: FBS Review
You might also like: HFM Review
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?
Benefits of trading forex with a $5 dollar minimum deposit broker is that traders get the opportunity to trade with a live trading account in a live trading environment without risking too much of their own funds.
Can I start trading forex with a broker in South Africa with only $5?
Yes, you can start trading forex with a broker in South Africa with only $5 / R 86 ZAR; however you should not expect to make huge profits from a 5 dollar minimum deposit, but can increase their 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 will 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
4.5/5 - (31 votes)
Louis Schoeman
Featured SA Shares Writer and Forex Analyst.
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