TheTop 10 Best Forex Brokers with $1 USD Minimum Depositrevealed. We have rated and reviewed the best Forex Brokers requiring a$1 USD Minimum Deposit.
This is a complete listing of The 10 Best Forex Brokers with a$1 USD Minimum Depositrequired.In this in-depth write-up you will learn:
- Brokers with a $1 USD minimum deposit in South Africa
- Trusted No Minimum Deposit Forex Brokers
- MT4 and MT5 Brokers with no minimum deposits
- Nasdaq-listed Brokers with low minimum deposits
- Low Deposit Trading Apps – Explained
and much, much more!
10 Best Forex Brokers with a $1 USD Minimum Deposit – A Comparison (2024)
| 🔎 Broker | 💰 Min Deposit | 📈 Leverage (Up to) | 🔁 Spreads (from) | 🚀 Open an Account |
| 🥇 FBS | ✅ $1 USD | 1:3000 | 1 Pip | 👉 Click Here |
| 🥈 Forex4You | ✅ $0 USD | 1:1000 | 2 Pips | 👉 Click Here |
| 🥉 InstaForex | ✅ $1 USD | 1:1000 | 0.0 Pips | 👉 Click Here |
| 🏅 Oanda | ✅ $0 USD | 1:200 | 0.0 Pips | 👉 Click Here |
| 📌 AXI | ✅ $0 USD | 1:500 | 0.4 Pips | 👉 Click Here |
| 📌 ThinkMarkets | ✅ $0 USD | 1:500 | 0.0 Pips | 👉 Click Here |
| 📌 SuperForex | ✅ $1 USD | 1:2000 | 0.0 Pips | 👉 Click Here |
| 📌 Pepperstone | ✅ $1 USD | 500:1 | 0.04 Pips | 👉 Click Here |
| 📌 Trading 212 | ✅ $1 USD | 1:500 | 0.02 Pips | 👉 Click Here |
| 📌 XTB | ✅ $0 USD | 1:500 | 0.9 Pips | 👉 Click Here |
Forex Minimum Deposit – A Definition
A Forex Minimum Deposit is a required amount of funds that must be deposited into a live trading account in order to start trading. The Minimum Deposit amount required will differ from Broker to Broker.
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
#6
Read Review
$10
Visit Broker
#7
Read Review
$200
Visit Broker
#8
Read Review
$100
Visit Broker
#9
Read Review
$100
Visit Broker
#4
4.4/5
User Score
Sign Up
#8
4.8/5
User Score
Sign Up
#9
4.5/5
User Score
Sign Up
10 Best Forex Brokers with a $1 USD Minimum Deposit (2024)
- 🥇FBS – Overall, the Best $1 USD Minimum Deposit Broker.
- 🥈Forex4You– OffShore Forex Service Provider.
- 🥉InstaForex – User-Friendly Low Deposit Options.
- 🏅Oanda – Cost-Free Withdrawals.
- 📌Axi – Best Online Trading Experience
- ThinkMarkets– Award-WinningLow deposit Broker.
- SuperForex – Low minimum investment required.
- Pepperstone – High User Trust Score.
- Trading 212– Competitive Forex Fees and Spreads.
- XTB – Globally Regulated Broker.
FBS
FBS is an award-winning, international broker that offers its services in more than 150 countries worldwide. FBS offers leverage of up to 1:3000 and Low spreads starting from 1 Pip.
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
Theminimum depositamount required to register anFBSlive trading account ranges from $1 USD up to $1000 USD. The minimum deposit amount required will depend on the account option chosen.
| 🔎 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 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 $5
Regulators
IFSC, FSCA, ASIC, CySEC
Trading Platform
MT4, MT5
Crypto
Yes
Over 27 000 000+ Traders
Total Pairs
36
Islamic Account
Yes
Trading Fees
Low
Account Activation
Instant
OPEN AN ACCOUNT
Forex4You
Forex4You is a trusted NDDandSTP broker with a good reputation. Forex4You provides access to Contracts for Difference (CFDs) and trading facilities to a global market.
Forex4You Overview
| 🔎 Broker | 🥇 Forex4You |
| 📝 Regulation | BVI FSC |
| 💰 Minimum Deposit | $1 USD |
| 🔁 Average Spread | 0.1 Pips |
| 💳 Commission from | $8 USD |
| 🚩 Deposit / Withdrawal Fees | ✅ Yes |
| 📈 Max Leverage | 1:1000 |
| 🎉 Bonuses | Yes |
| 🤝 Customer Support | ✅ 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Forex4You Minimum Deposit
Theminimum depositamount required to register anForex4Youlive trading account is $0 USD. The minimum deposit amount required will depend on the account option chosen.
| 🔎 Account | 🏅 Cent | 🥉 Classic | 🥈 Cent NDD | 🥇 Pro STP |
| 💰 Min. Deposit | $0 USD | $0 USD | $0 USD | $0 USD |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Forex4You Pros and Cons
| ✅Pros | ❎Cons |
| Trading Central technical analysis | Limited regulation |
| Social trading supported | Limited education |
| Multiple account types offered | Limited financial instruments |
| AutoChartist offered | Numerous countries restricted |
Overall Rating
- 4.0/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 0
Regulators
BVI FSC
Trading Platform
MT4
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
InstaForex
InstaForex is a Forex Service Provider that offers access to 107 currency instruments, 24/7 high-quality support, and Swap-Free accounts.
InstaForex Overview
| 🔎 Broker | 🥇 InstaForex |
| 📌 Regulation | CySEC, BVI, SVGFSA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account | ☑️ Yes |
| 👍 Demo Account | ✅ Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | ☑️ Yes |
| 📈 Maximum Leverage | 1:1000 |
| 💰 Minimum Deposit | $1 USD |
| 🚀 Open an Account | 👉 Click Here |
InstaForex Minimum Deposit
Theminimum depositrequired to open anInstaForexAccount is $1 USD.InstaForexmakes 4account typesavailable, Insta.Standard, Insta.Eurica, Cent.Standard and Cent.Eurica.
| 🔎 Account | 🥇 Minimum Deposit | 🚀 Open an Account |
| 🥇 Insta.Standard | $1 USD | 👉 Click Here |
| 🥈 Insta.Eurica | $1 USD | 👉 Click Here |
| 🥉 Cent.Standard | $1 USD | 👉 Click Here |
| 🏅 Cent.Eurica | $1 USD | 👉 Click Here |
InstaForex Pros and Cons
| ✅ Pros | ❎ Cons |
| High Leverage | Restricted leverage for EU clients |
| Intuitive trading platforms | No Autochartist |
| Commission free accounts | Certain clients not accepted |
Overall Rating
- 4.8/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 1
Regulators
CySEC, FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
107+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Oanda
Oanda is a trusted global brand that is best known for its reputable reputation and quality market research on offer. Oandais regulated by three tier-1 regulators (highest trust) and carries multiple licenses across the globe.
Oanda Overview
| 🔎 Broker | 🥇 Oanda |
| 💰 Min. Deposit | $0 USD |
| 🆓 Demo Account | ✅ Yes |
| 4️⃣ MetaTrader4 | ✅ Yes |
| ⛔ Stop Loss | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Oanda Minimum Deposit
Theminimum depositamount required to register anOandalive trading account ranges from $0 USD – $10’000 USD.Oandamakes two live trading account types available, the Oanda Standard and Oanda Advanced Trader accounts.
| 🔎 Oanda Account | 🥈 Standard | 🥇 Advanced Trader |
| 💰 Min. Deposit | $0 USD | $10'000 USD |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here |
Oanda Pros and Cons
| ✔️ Pros | ❌ Cons |
| Easy and quick digital account opening | Only FX and CFDs |
| Low Forex Fees | High withdrawal fees for bank transfers |
| Web trading platform is easy to use | Poor customer service |
| No withdrawal fees in most cases | ID verification can slow down account opening |
Overall Rating
- 4.5/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 1
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
45
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Axi
Axi is a trusted brokerage firm that offers its services to over 60’000 traders across 100+ countries worldwide. Axi is known to offer competitive pricing and unbeatable value.
Axi Overview
| 🔎 Broker | 🥇 Axi |
| 📝 Regulation | ASIC, FCA, DFSA |
| 💰 Min Deposit | $0 USD |
| 🆓 Demo Account | ✅ Yes |
| ☪️ Islamic Account | ☑️ Yes |
| 🔁 Spreads from | 0.0 Pips |
| 📌 Commission | ✅ Yes |
| 💳 Deposit Fee | No |
| 💵 Inactivity Fee | No |
| ⚡ Withdrawal Fee | Third-Party |
| 🚀 Open an Account | 👉 Click Here |
Axi Minimum Deposit
Theminimum depositamount required to register anAxilive trading account ranges from $0 USD – $25’000 USD.Aximakes three live trading accounts available, the Standard account, Pro and Elite Accounts.
| 🔎 Axi Account | 🥉 Standard | 🥈 Pro | 🥇 Elite |
| 💰 Min Deposit | $0 USD | $0 USD | 🚩 $25'000 USD |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Axi Pros and Cons
| ✅ Pros | ❎ Cons |
| Low forex fees | Only forex and CFD trading |
| No withdrawal/deposit fees | Limited research tools |
| Easy Account Opening | 24/5 customer service |
Overall Rating
- 4.5/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 0
Regulators
ASIC, FCA, DFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
140+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
ThinkMarkets
ThinkMarketsis a premium multi-asset online brokerage that offers access to 4,000 products, low spreads across multiple markets, and an award-winning platform.
ThinkMarkets Overview
| 🔎 Broker | 🥇 ThinkMarkets |
| 💰 Minimum Deposit | $0 USD |
| 🆓 Demo Account | ✅ Yes |
| ☪️ Islamic Account | On Request |
| 📌 Joint Account | On Request |
| 4️⃣ MetaTrader4 | ✅ Yes |
| 🤝 Live Support | ✅ Yes |
| 💸 Commission | Variable |
| 🔁 Spreads from | 0 Pips |
| 📊 Leverage | 500:1 |
| 📈 Max Trade Size | 50 - 100 Lots |
| ❤️ Account Manager | Selected Accounts |
| 💻 ThinkTrader®️ | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
ThinkMarkets Minimum Deposit
Theminimum depositrequired to open aThinkMarketsAccount is $0 USD.ThinkMarketsprovide 4 different live tradingaccount types, Standard, ThinkZero, Islamic and Joint.
| 🔎 Account Type | 💰 Minimum Deposit |
| 🥇 Standard Account | $0 USD |
| 🥈 ThinkZero | 📌 $500 USD |
| ☪️ Islamic Account | $0 USD |
| 🤝 Joint Account | $0 USD |
| 🚀 Open an Account | 👉 Click Here |
ThinkMarkets Pros and Cons
| ✅ Pros | ❎ Cons |
| Well-regulated Forex broker | Currency conversion fees will apply for some deposits |
| The broker offers tight spreads across all of its asset classes | Commissions charged on the ThinkZero Account |
Overall Rating
- 4.5/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 0
Regulators
FCA, FSCA, ASIC, CySEC, JFSA
Trading Platform
MT4, MT5, ThinkTrader
Crypto
Yes
Total Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Derivative products are leveraged products and can result in losses that exceed initial deposits.
SuperForex
SuperForex is a broker with a wide-reaching global operation that offers access to top-tier services in trading and investment.
SuperForex Overview
| 🔎 Broker | 🥇 SuperForex |
| 📌 Regulation | IFSC |
| 💳 Minimum deposit from | $1 (15 ZAR) |
| 🔁 Average spread from | Variable |
| 💵 Commissions from | None |
| 💳 Deposit/Withdrawal Fees | ✔️ Yes |
| 📈 Maximum Leverage | 1:1000 |
| ➕ Bonuses | ✔️ Yes |
| 🤝 Customer Support | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
SuperForex Minimum Deposit
Theminimum depositrequired to open aSuperForexAccount is $1 USD.SuperForexprovides a wide variety of live trading accounts,STP, and ECN.
| 🔎 Broker | 🥇 SuperForex |
| 💰 Min. Deposit | $1 USD |
| 📌 STP Accounts | ✅ Yes |
| 📌 ECN Accounts | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
SuperForex Pros and Cons
| ✔️Pros | ❌Cons |
| Regulated | Offshore regulation |
| Social trading supported | Only one trading platform supported |
| MetaTrader 4 supported | Spreads are not the tightest in the industry |
Overall Rating
- 4.5/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 1
Regulators
IFSC
Trading Platform
MT4
Crypto
Yes
Total Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pepperstone
Pepperstone is one of the world’slargest forex brokers and processes an average of US$12.55bn of trades every day. Pepperstone offers its services to over 300,000 traders worldwide.
Pepperstone Overview
| 🔎 Broker | 🥇 Pepperstone |
| 📍 Regulation | FCA, ASIC and AFSL |
| 📌AFSL No | 414530 |
| 📌FCA no | 684312 |
| 👍 Demo Account | ☑️ Yes |
| 💰 Minimum Deposit | $10 USD |
| 📎 Bonus | No |
| ☪️ Islamic account | ✅ Yes |
| 📊 Institutional Accounts | ☑️ Yes |
| 📊 Managed Accounts | ✅ Yes |
| 📈 Maximum Leverage | 1:200 |
| 🚀 Open an Account | 👉 Click Here |
Pepperstone Minimum Deposit
Nominimum depositamount is required to register aPepperstonelive trading account.Pepperstoneprovides 2 different live trading accounts, Standard and Razor.
| 🔎 Broker | 🥇 Pepperstone |
| 💰 Min Deposit | $0 USD |
| 🚀 Open an Account | 👉 Click Here |
Pepperstone Pros and Cons
| ✅ Pros | ❎ Cons |
| Fast Account Opening | Mostly CFDs Offered |
| Excellent Customer Support | Basic MetaTrader Platform |
Overall Rating
- 4.9/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 200
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Trading 212
Trading 212 is a fintech company that offers access to Stocks, ETFs, Forex and Commodities trading.
Trading 212 Overview
| 🔎 Broker | 🥇 Trading 212 |
| 💰 Minimum Deposit | $1 USD |
| 🆓 Demo Account | ✅ Yes |
| 💳 Withdrawal Fee | ❎ No |
| 💵 Number of Base Currencies | 8 |
| 🚀 Open an Account | 👉 Click Here |
Trading 212 Minimum Deposit
Nominimum depositamount is required to register aTrading 212 live trading account. Trading 212 provides 3 different live trading accounts, CFD, Invest, and ISA.
| 🔎 Broker | 🥇 Trading 212 |
| 💰 Min. Deposit | $0 USD |
| 🚀 Open an Account | 👉 Click Here |
Trading 212 Pros and Cons
| ✅ Pros | ❎ Cons |
| Variable Commissions | Limited Product Portfolio |
| Easy Account Opening | High Forex Fees |
| Great Trading Platforms | USD Unavailable as base currency |
Overall Rating
- 3.4/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 1
Regulators
FCA, FSC, CySEC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
30
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
XTB
XTB is one of the largest, global stock exchange-listed FX & CFD brokers with more than 15 years of experience in the field.
XTB Overview
| 🔎 Broker | 🥇 XTB |
| 💰 Min. Deposit Required | None |
| 💵 Min. Deposit Recommended | $100 USD / R1600 ZAR |
| 🛑 Inactivity Fee | $10 USD / R160 ZAR |
| 🆓 Demo Account | ✅ Yes |
| 🔁 Spreads from | 0.1 |
| 📌 Commissions | Pro Account |
| 🎉 Sign Up Bonus | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
XTB Minimum Deposit
Nominimum deposit amount is required to register an XTB live trading account. XTB provides 2 different live trading accounts, Standard and Swap-Free.
| 🔎 Account | 🥇 Standard | 🥈 Swap-Free |
| 💰 Required Min. Deposit | None | None |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here |
XTB Pros and Cons
| ✅ Pros | ❎ Cons |
| Award winning platform | Poor email support |
| Negative balance protection | Limited product portfolio, mostly CFD and FX |
| Easy and fast account opening | Does not hold a banking license |
| Regulated by top-tier FCA | |
| Broad range of educational materials |
Overall Rating
- 4.6/5
Read Review
OPEN AN ACCOUNT
Min Deposit
USD 100
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Conclusion
👉 Now it is your turn to participate:
➡️ Which$1 Minimum Deposit Forex Brokerfrom 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 theLowminimum deposit or the Pros and Cons?
👉 Regardless, please share your thoughts in the comments below.
You might also like: FBS Review
You might also like: InstaForex Review
You might also like: Oanda Review
You might also like: Axi Review
You might also like: ThinkMarkets 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
Can I start forex trading in South Africa with $1 USD ?
Yes, it is possible to start forex trading in South Africa with a minimum deposit of 1 dollar.
Are there any reliable 1 dollar minimum deposit brokers in South Africa?
Yes, there are many 1 dollar minimum deposit brokers operating in South Africa; however, it is always important to do your research and choose a broker that is reputable and well-regulated.
Are there any disadvantages to using a $1 minimum deposit forex broker?
Yes, there are disadvantages to using a $1 USD forex broker of which some are – limited trading options and a higher risk due to the small deposit size.
What types of accounts are available with a $1 minimum deposit forex broker?
Types of accounts made available by $1 minimum deposit forex brokers usually are Standard and/or Micro accounts.
Is it possible to make a profit with a $1 minimum deposit forex account?
It is not impossible to make a profit with a $1 USD minimum deposit forex account, but traders should keep in mind that the potential for profit is limited with such a small deposit.
4.8/5 - (28 votes)
Louis Schoeman
Featured SA Shares Writer and Forex Analyst.
Table of Contents
