Best Forex Brokers for Small Accounts

New traders who don’t have a lot of money should use brokers like Exness and FBS. They let you deposit as little as $1 and offer penny or micro accounts for low-risk trading. XM is also a great option because you only need to put down $5 and the features are easy for beginners to use. Best Forex Brokers for Small Accounts. You can open small accounts with Pepperstone and HFM with little or no money down and a lot of ways to put money into them. These brokers have low spreads, let you trade in small amounts, and give you a lot of leverage, which helps you grow a small account over time. Choose a broker with reasonable fees to get started, good execution, and strong rules. That’s the most important thing.