Small Deposit Forex Broker
Small deposit forex broker – Choosing a broker is one of the considerations for traders before carrying out their trading activities. The capital is usually small, especially for novice traders. Therefore, small investor traders will choose the right broker to cover the nominal capital they have
Small investors or novice traders who are still learning are usually afraid to spend big capital. Fear is usually driven by high risk, which is defined as the effect of loss on trading activity. Therefore, the trader first spends a small amount of capital to trade with less risk by choosing a small deposit forex broker.
Foreign brokers often see traders from Indonesia. However, most of the traders here are still beginners, or those just starting out. Therefore, brokers are competing to attract novice traders by issuing affordable trading capital policies.
To become a trader, one does not need a current professional who holds a diploma in his permanent job. A housewife or even a student can become an entrepreneur today. Well, with a capital of not more than a few tens of thousands, you can start working in the trading world by making a deposit.
In fact, there are also a number of brokers that offer a minimum deposit policy. In practice, this policy allows traders to set their own initial capital. This allows traders with a capital of $1 to make an initial deposit. Here are 7 small deposit forex brokers that investors and small traders can choose from.
5 Small Deposit Forex Brokers
JustForex Forex Broker
JustForex offers a minimum deposit option and unlimited leverage up to 1:1000 (cents) on cent accounts, and 1:3000 (mini) on mini accounts. The broker has also partnered with local banks (BRI, BCA, Mandiri and BNI) so that the deposit and withdrawal process can be simplified. Apart from that, JustForex also offers the option for swap-free Islamic accounts.
Exness Forex Brokers
Exness does not require a minimum deposit. Apart from that, there are also fairly low spreads, as well as a leverage range of 1:2000, to 1:unlimited for the Asian region. This makes this broker much preferred by traders with minimal capital.
LiteForex Forex Broker
LiteForex offers a minimum deposit of 10 USD and a leverage of up to 1:500. This broker is also known to be quite modern and sensitive to technological developments because it has interactive features. The registration process only takes three minutes via your Facebook, Google+ or regular email account. Apart from that, LiteForex also offers free deposits via any payment method. The trick is the ZERO Fees promotion which returns the deposit transfer funds to each customer’s account.
InstaForex Forex Broker
Instaforex, as the name implies (Fawrey), is a broker that prioritizes ease of administration and starting trading. With a minimum deposit of 1 USD and increments of 1:1000, as well as a fixed spread of 3 pips, this broker is a must see.
FXOpen Forex Broker
FXOpen is known as a Forex Broker, pioneering micro-accounts and exchange-free options. Traders are charged a minimum deposit of $1, and they benefit from 1:500 in competitive spreads. This broker also offers a referral bonus of up to 25%.