8 Best Forex Brokers With No Minimum Deposit in 2025

Thanks to the strong competition among forex brokers, there are options available for almost every type of trader, even those who only have a small amount of capital to work with. To help you make the best decision, we’re featuring the best forex brokers with no minimum deposit or a minimum deposit of $10 or less. 

Although all of the platforms we’re highlighting in this article support forex trading, most of them also allow traders to access other markets such as stocks, indices, commodities and even crypto.

The best forex brokers with no minimum deposit in 2025

Now, let’s get right on with our selection of the best forex brokers with no minimum deposit. We made an effort to feature a diverse range of forex trading platforms to ensure that any type of trader will be able to find a broker that suits their needs.

• SimpleFX – Trading platform with no minimum deposit and a slick user experience
• PrimeXBT – Trade forex, crypto and more with high leverage
• XM – Popular online trading platform for forex and other assets
• NordFX – Forex broker with copy and PAMM trading features
• FXOpen – An efficient forex trading platform with low minimum deposit
• ThinkMarkets – Broker with low minimum deposits and a comprehensive suite of features
• Pepperstone – Rock-solid broker with no minimum deposit requirement
• IG – Feature-packed forex broker with OTC and DMA trading

1. SimpleFX 

SimpleFX is a forex broker with no minimum deposit which is focused on providing a straightforward user experience. Forex traders on SimpleFX can access more than 60 currency pairs and trade them using MetaTrader 4 or SimpleFX’s web interface. The charts on SimpleFX are powered by TradingView, which enables plenty of options for customization and technical analysis.

The SimpleFX platform offers very high leverage of up to 1,000x, although the amount of leverage allowed varies from account to account (accounts with higher balances have access to less leverage). 

Although SimpleFX is primarily positioned as a forex trading platform, it also caters to traders who wish to trade other markets as well. SimpleFX can be used to trade crypto assets, global indices and precious metals. 

Create SimpleFX Account

2. PrimeXBT

PrimeXBT is an online trading platform with a minimum deposit requirement of just $10. With a broad selection of supported asset classes, traders can create a diversified portfolio. The platform also provides a fully-featured set of technical analysis tools, which traders can use to make informed decisions in the markets. 

A notable feature of PrimeXBT is the high leverage that traders can access. Forex pairs can be traded with a leverage of up to 1,000x, while Bitcoin and Ethereum trades can be leveraged up to 200x. The leverage limit is set to 100x for other assets that can be traded on PrimeXBT, which includes indices, commodities and altcoins. 

Another way in which PrimeXBT stands out is that its trading interface is fully customizable. Users can resize and reposition all sections of the trading interface to suit their own needs and boost their productivity by only focusing on relevant information and removing distractions.

Users can deposit funds to PrimeXBT with cryptocurrencies, or fiat currencies through AdvCash. PrimeXBT customers can also buy cryptocurrency with a credit card and directly fund their account in this way.

Create PrimeXBT Account

3. XM

XM is a popular online broker that gives traders access to forex markets, as well as CFDs on various assets such as stocks, commodities, precious metals and major global indices.

When it comes to forex trading, XM offers over 50 currency pairs, offering access both to majors and exotics. The available leverage on the platform can go as high as 1000x, although the amount of leverage a trader can access depends on the country they reside in.

XM is integrated with both MetaTrader 4 and MetaTrader 5 trading platforms. The platform can be used on PC, Mac, Android and iPhone devices. 

The minimum deposit on XM is as low as $5, which makes the platform highly accessible to all traders regardless of their available capital. 

XM is regulated in Cyprus by CySEC, but its services are not limited to the European market, as the platform serves customers from over 150 countries.

Create XM Account

4. NordFX

NordFX is a forex broker that supports the MetaTrader 4 trading platform. In addition to its web-based interface, NordFX also provides a mobile app that’s compatible with both iOS and Android devices. 

NordFX can be used to trade 33 different forex pairs, but also supports CFDs for trading crypto assets, metals, indices and stocks. 

The most basic account type offered by NordFX, “Fix”, has a minimum deposit of just $10. The higher tier levels offer some additional features but have higher minimum deposit requirements. Most notably, the higher-tier accounts are characterized by tighter spreads and more accurate pricing. 

One of the most unique features of NordFX is copy trading, which makes it possible for users to automatically follow trades made by more experienced traders. A somewhat related feature of NordFX is PAMM (Percent Allocation Management Module), which traders can use to allocate a portion of their funds to other traders.

Create NordFX Account

5. FXOpen

FXOpen is a powerful trading platform that’s best known for its low forex trading costs. FXOpen can be used to trade forex markets, but it also provides access to asset classes such as commodities, stocks and indices via CFDs. The platform offers more than 600 markets in total. 

A notable feature of FXOpen is that it offers ECN (Electronic Communication Network) based accounts, which provides fast trade execution and access to considerable liquidity. As such, FXOpen is a viable platform for traders who utilize automated trading tools. 

Traders who only want to use a small amount of capital can open a micro trading account, which has a minimum deposit of just $1. These accounts are suitable for novice traders who are just learning about forex trading, as well as experienced traders who want to test new strategies without putting a considerable amount of capital at risk. Another way to use FXOpen for practicing trading and testing strategies is to open a free demo trading account. 

FXOpen is integrated with a variety of trading platforms, including MetaTrader4, MetaTrader5, TickTrader and TradingView.  

Create FXOpen Account

6. ThinkMarkets

ThinkMarkets is a platform for trading CFDs that can be used to speculate on the price movements of a variety of assets, ranging from forex markets to cryptocurrencies, stocks, indices and precious metals – in total, more than 4,000 different CFDs are available for trading.

ThinkMarkets supports MetaTrader 4 and MetaTrader 5, but also provides its own trading software called ThinkTrader for traders who are looking for an alternative. 

There is no minimum deposit requirement for a standard account on ThinkMarkets.  However, if you want to open the more advanced ThinkZero account, you’ll need a deposit of at least $500 to start trading.

If you’re looking for forex brokers with no minimum deposit, you might also be interested in demo trading, and ThinkMarkets certainly delivers on this front. You can use ThinkMarkets open a demo account and get €25,000 of virtual funds to test your trading skills at no risk. 

ThinkMarkets is regulated by multiple regulatory agencies worldwide. However, it doesn’t accept customers from certain countries, so make sure to check before you try opening an account. 

Create ThinkMarkets Account

7. Pepperstone 

Pepperstone is a forex broker that’s best known for its competitive pricing and spreads which start from 0.0 pips for major currency pairs. Pepperstone holds licenses with ASIC and DFSA, ensuring a regulated environment for traders.

Pepperstone provides access to a broad range of forex pairs, ranging majors and minors all the way to exotics. The platform doesn’t just offer forex trading, but also allows users to participate in the markets for commodities, indices, cryptocurrencies and stocks. These markets are available through CFDs (contracts for differences).

Pepperstone doesn’t have a minimum deposit requirement, which means you can deposit as little as you want to fund your account and get started with trading. If you eventually want to step up your trading with a larger account, you can consider the platform’s Pepperstone Pro account feature, which offers higher leverage and other features for advanced trading.

Here, we should also mention that Pepperstone is known for its high-quality customer service, and provides extensive educational material and webinars to traders.

Create Pepperstone Account

8. IG

IG is a highly regarded forex broker offering competitive spreads starting at just 0.6 pips on major currency pairs like EUR/USD and GBP/USD. Traders can choose between over-the-counter (OTC) trading and direct market access (DMA) trading, each with distinct fee structures and contract sizes to suit various trading styles.

The platform features powerful charting tools, advanced order types, and fast execution, catering to traders seeking precision in their forex strategies. With leverage of up to 222x, IG stands out as one of the top options for those looking for high-leverage forex trading.

Available for trading 24/7, IG enables forex traders to take advantage of global market movements at any time. Beyond forex, the platform also offers access to a wide range of other markets, including stocks and commodities.

Create IG Account

The bottom line

If you don’t have a lot of capital to work with, our selection of the best forex brokers with no minimum deposit requirements hopefully helped you find a broker where you’ll be able to start trading and hopefully find a lot of success in the markets. 

For traders that have a lot of trading skills and experience but not a lot of capital, another interesting option to consider is prop trading platforms that offer funded forex accounts. These are platforms where traders undergo a series of tests to showcase their trading skills. Traders who prove their eligibility get access to a relatively large amount of capital that they can trade while sharing profits with the prop trading platform.