Can I Trade Forex With 10

27 Best Platforms with $10 Min Deposit Review

The Best Forex Brokers with a minimum $10 USD – R160 ZAR deposit
include 10 Forex industry leaders.  The 10 Best Forex Brokers with a minimum $10 USD – R160 ZAR deposit offer traders favorable trading conditions.

πŸ”Ž Broker πŸ’° Minimum Deposit πŸ“± Trading Desk β‚Ώ Crypto β˜ͺ️ Islamic Account
πŸ₯‡ LiteForex USD 10 MetaTrader4 βœ”οΈ Yes βœ”οΈ Yes
πŸ₯ˆ Admiral Markets USD 10 βœ”οΈ Yes βœ”οΈ Yes
πŸ₯‰ FXTM USD 10 MT4 / MT5 βœ”οΈ Yes βœ”οΈ Yes
RoboForex USD 10 MetaTrader4 βœ”οΈ Yes βœ”οΈ Yes
IQ Option USD 10 Own Platform βœ”οΈ Yes βœ”οΈ Yes
NordFX USD 10 MetaTrader4 βœ”οΈ Yes βœ”οΈ Yes
IronFX USD 10 MetaTrader4 βœ”οΈ Yes βœ”οΈ Yes
OctaFX USD 10 None βœ”οΈ Yes βœ”οΈ Yes
XM USD 10 Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform ❌ No βœ”οΈ Yes
HotForex USD 10 MT4 / MT5 ❌ No βœ”οΈ Yes

10 Best Brokers with $10 Minimum Deposit – A Quick Overview.

  1. βœ… LiteForex
  2. βœ… Admiral Markets
  3. βœ… FXTM
  4. RoboForex
  5. IQ Option
  6. NordFX
  7. IronFX
  8. OctaFX
  9. XM
  10. HotForex

LiteForex Review South Africa

LiteForex

LiteForex
is a forex broker registered under the name Liteforex (Europe) Limited, regulated by the Cyprus Securities and Exchange Commission (CySEC).

LiteForex Feature Overview

πŸ“Œ Regulation FSC, FSA
πŸ’΅ Minimum deposit from $5
πŸ“ˆ Average spread from 0.4 pips
πŸ’³ Commissions from $1.5 per lot per side
πŸ” Deposit/Withdrawal Fees βœ”οΈ Yes
βž• Maximum Leverage 1:1000
πŸ’΅ Bonuses βœ”οΈ Yes
πŸš€ Open an Account πŸ‘‰
Click Here

LiteForex Account Overview

πŸ“’ ECN Account πŸ“’ Classic Account
βœ”οΈ Increased quoting precision βœ”οΈ Increased quoting precision
βœ”οΈ Market execution of orders with no requotes βœ”οΈ Market execution of orders with no requotes
❌ No Stop & Limit levels ❌ No Stop & Limit levels
Scalping and news trading allowed Leverage 1:500
Unlimited duration of transactions
Trades are delivered directly to liquidity providers
2.5% per annum in your account
βœ”οΈ Negative Balance Protection
πŸ‘‰
Click Here
πŸ‘‰
Click Here

LiteForex Pros and Cons

βœ”οΈ Pros ❌ Cons
Well-regulated Restriction on traders from some countries
MetaTrader 4 and 5 Limited financial instruments offered
PAMM Accounts offered Fixed spread accounts not offered

Customer Support
is made available 24/5 via live chat, email, and phone support.

LiteForex Landing page

A review about Admiral Markets

Admiral Markets

Admiral Markets
is a forex and CFD broker which holds a license with the Financial Conduct Authority (FCA), the Estonian Financial Supervision Authority, the Cyprus Securities and Exchange Commission (CySEC), plus the Australian Securities and Investments Commission (ASIC).

Admiral Markets Feature Overview

β‚Ώ Crypto βœ”οΈ Yes
β˜ͺ️ Islamic Account βœ”οΈ Yes
πŸ“Š Trading Fees Low
πŸ•’ Account Activation Time 24 Hours

Admiral Markets Account Overview

πŸ“’ Accounts πŸ“ˆ Trade.MT5 πŸ“‰ Invest.MT5 πŸ“Š Zero.MT5 πŸ“ˆ Trade.MT4 πŸ“‰ Zero.MT4
πŸ’΅ Currencies EUR, USD, GBP and more EUR, USD, GBP and more EUR, USD, GBP and more EUR, USD, GBP and more EUR, USD, GBP and more
πŸ’° Minimum Deposit 100 EUR 1 EUR 100 EUR 100 EUR 100 EUR
πŸ“Œ Spread, Pips From 0.5 From 0 From 0.5

Admiral Markets Pros and Cons

βœ”οΈ Pros ❌ Cons
Multiple account choices Does not accept cash deposits from banks
Popular trading platforms
No hidden fees
Wide selection of research tools
Great educational tools

Customer Support
is made available via Email, Phone, Live Chat, and Feedback Form.

Admiral Markets Landing Page

A review about FXTM

FXTM

FXTM
is a global online broker regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission (FSC), and the Financial Sector Conduct Authority (FSCA).

FXTM Account Overview

πŸ”Ž Account πŸ“ˆ Micro πŸ“‰ Advantage πŸ“Š Advantage Plus
πŸ’³ Minimum deposit required $/€/Β£ 10, ₦10,000 $/€/Β£ 500, ₦80,000 $/€/Β£ 500, ₦80,000
πŸ“ˆ Spreads From 1.5 From 0.0 From 1.5
βš™οΈ Trading Instruments FX
Metals
Commodities
FX Indices
Stock Baskets
FX
Metals
Commodities
Indices
FX Indices
Stock Baskets
Stock CFDs (only MT5)
Stocks (only MT5)
FX
Metals
Commodities
Indices
FX Indices
Stock Baskets
Stock CFDs (only MT5)
Stocks (only MT5)
πŸ’΅ Commission Zero Average of $0.40 – $2 based on volume Zero
πŸ“Œ Platforms MT4 MT4 / MT5 MT4 / MT5
πŸ’· Currency US Cent / EU Cent / GBP Pence / NGN kobo USD / EUR / GBP / NGN USD / EUR / GBP / NGN
πŸ” Leverage / Margin Requirements FX – 1:3 to 1:1000 (fixed)
Metals – 1:500 (fixed).
Up to 1:2000 (floating) Up to 1:2000 (floating)
▢️ Order execution Instant Execution Market Execution Market Execution
πŸ’± Margin Call 60% 80% 80%
β›” Limit & Stop Levels 1 Spread No No
#️⃣ Decimal Quotes on FX and Metals FX: 5 decimals (3 on JPY pairs), Metals: 2 decimals for XAUUSD, 3 decimals for XAGUSD FX: 5 decimals (3 on JPY pairs), Metals: 2 decimals for XAUUSD, 3 decimals for XAGUSD FX: 5 decimals (3 on JPY pairs), Metals: 2 decimals for XAUUSD, 3 decimals for XAGUSD
βž– Minimum Volume in Lots per Trade 0.01 0.01 0.01
βž• Maximum Number of Orders 300 Unlimited Unlimited
βž• Maximum Volume per Order 10 100 100
βž• Maximum Volume in Lots of Orders 3000 Unlimited Unlimited
βž• Maximum Number of Pending Orders 100 300 300
β˜ͺ️ Swap Free Yes Yes Yes
πŸš€ Open an Account πŸ‘‰
Click Here
πŸ‘‰
Click Here
πŸ‘‰
Click Here
Read:  Is Forex Trading Halal Islam Q&a

FXTM Pros and Cons

βœ”οΈ Pros ❌ Cons
Thank you bonus for signing up Unclear communication – appears to be a no deposit bonus
$100 deposit required within 6 months of signing up

Customer Support
is made available via phone and email respectively.

FXTm Trading App Landing Page

A review of RoboForex

RoboForex

RoboForex
is a multi-asset online broker regulated by the International Financial Services Commission (IFSC) of Belize.

RoboForex Benefit and Account Overview

βœ”οΈ RoboForex Benefits πŸ’Ό RoboForex Accounts πŸš€ Open An Account
Allows Scalping Prime Account πŸ‘‰
Click Here
Allows Hedging ECN Account πŸ‘‰
Click Here
Offers STP R Trader Account πŸ‘‰
Click Here
Low Min Deposit Pro-Cent Account πŸ‘‰
Click Here
Pro-Standard Account πŸ‘‰
Click Here
Islamic Account πŸ‘‰
Click Here

RoboForex Pros and Cons

βœ”οΈ Pros ❌ Cons
Strictly regulated Not available to U.S clients
Negative balance protection Fixed spread accounts not offered
Flexible account types

Customer Support
is made available via email, phone, Call-back request, Live chat, Telegram, Facebook Messenger, Skype, Whatsapp, and Viber.

Roboforex Landing Page

A review about IQ Option

IQ Option

IQ Option
is a forex & binary options broker which accepts clients from all over the world.

IQ Option Feature Overview

Broker’s Name IQ Option
πŸ›οΈ Headquartered Cyprus
πŸ“… Year Founded 2013
βš–οΈ Regulating Authorities CySEC
🌐 Countries not accepted for trade US, Canada, Australia, Russia, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, and North Korea
β˜ͺ️ Islamic account (swap-free) Yes
πŸ‘ Demo Account Yes
πŸ“Š Institutional Accounts No
πŸ“Š Managed Accounts No
πŸ“ˆ Maximum Leverage 1:30 (Retail)
πŸ’° Minimum Deposit 10 USD
πŸ’³ Deposit Options Debit/Credit Card
Bank Wire Transfer
Bank Transfers (Capitec, Absa, FNB, Standard Bank, Nedbank)
Skrill
Investec
Neteller
AdvCash
Perfect Money
WebMoney
πŸ’³ Withdrawal Options Debit/Credit Card
Bank Wire Transfer
Bank Transfers (Capitec, Absa, FNB, Standard Bank, Nedbank)
Skrill
Investec
Neteller
AdvCash
Perfect Money
WebMoney
πŸ’» Platform Types IQ Option Trading Platform
πŸ“± OS Compatibility Web Browsers, Windows, MacOS, Android, iOS
πŸ“ˆ Tradable assets offered Stocks
Forex
Options
Cryptocurrencies
Commodities
ETFs
πŸ‘¨β€πŸ’Ό Languages supported on Website English, Russian, Chinese, Portuguese, Turkish, German, French, Thai, Vietnamese, Hindi, Spanish, Indonesian, Italian, Swedish
πŸ‘₯ Customer Support Languages Multilingual
πŸ“† Customer Service Hours 24/7

IQ Option Account Overview

πŸ“ˆ Demo Account πŸ“‰ Real Account πŸ“Š VIP Account
No Credit Card Details needed. 500+ Assets to trade. Higher profitability rates.
100% Free to use. Real withdrawals within minutes. An average of 3%* advantage.
$1000 Practice Currency. Live Chat Support. $3000 Deposit to apply.
πŸ‘‰
Click Here
πŸ‘‰
Click Here
πŸ‘‰
Click Here

IQ Option Pros and Cons

βœ”οΈPros ❌Cons
Excellent Interface Slow Customer Support
Regulated by SVGFSA Country Restrictions
Easy and fast account opening
Variety of Options
Low minimum deposit requirement

Customer Support
is made available 24/7 via live chat, phone, and email.

IQ Option Landing

A review of Nord FX

NordFX

NordFX
is a
forex
&
CFD brokerage
company
regulated
by
the Vanuatu Financial Services Commission (VFSC).

NordFX Benefit and Account Overview

βœ”οΈ NordFX Benefits πŸ’Ό NordFX Accounts πŸš€ Open An Account
Allows Scalping Fix Account πŸ‘‰
Click Here
Allows Hedging Pro Account πŸ‘‰
Click Here
Offers STP Zero Account πŸ‘‰
Click Here
Low Min Deposit Savings Account πŸ‘‰
Click Here
Islamic Account πŸ‘‰
Click Here

Customer Support
is made available via web chat, via various social channels, and phone.

nordfx landing page

A review about IronFX

IronFX

IronFX
is a forex & CFD broker regulated by the respective financial regulators in the countries they are based in.

IronFX Feature Overview

πŸ’°Minimum Deposit USD 100
🌐 Regulators FCA, ASIC, FSCA, CySEC
πŸ“± Trading Desk MetaTrader 4
β‚Ώ Crypto βœ”οΈ Yes
πŸ“ˆ Total Pairs
β˜ͺ️ Islamic Account ❌ No
πŸ“Š Trading Fees Low
πŸ•’ Account Activation Time 24 Hours

IronFX Account Overview

πŸ“ˆ Micro Account πŸ“‰ Premium Account πŸ“Š VIP Account πŸ“ˆ Zero Fixed Account πŸ“‰ No Commission Account πŸ“Š Zero Spread Account πŸ“ˆ Absolute Zero Account
Spreads start from 1.8 pips Spreads start from 1.6 pips Spreads start from 1.4 pips Spreads start from zero pips Spreads start from 1.7 pips Spreads start from zero pips Spreads start from 0.3 pips
Minimum deposit required is $100 Minimum deposit required is $1,000 Minimum deposit required is $10,000 Minimum deposit required is $500 Minimum deposit required is $500 Minimum deposit required is $500 Minimum deposit required is $500
Leverage up to 1:1000 Leverage up to 1:1000 Leverage up to 1:1000 Leverage up to 1:500 Leverage up to 1:200 Leverage up to 1:200 Leverage up to 1:200
Read:  Free Download Forex Trading Demo Software

IronFX Pros and Cons

βœ”οΈ Pros ❌ Cons
Strict regulation Limited trading tools
Variable & fixed spread accounts No US clients
Commission free accounts Restricted leverage for EU clients
Award-winning trading platforms
IronFX Research app
Good range of forex currency pairs
Multiple deposit / withdrawal methods
Segregated client funds
IronFX Crypto exchange
Excellent customer support
Free VPS for qualifying clients

Customer Support
is available 24/5 in 30 different languages via Email, Phone, and Live Chat.

IronFX Landing Page

A review on OctaFX

OctaFX

OctaFX
is a legally registered forex broker located in Saint Vincent and the Grenadines.

OctaFX Benefit And Account Overview

βœ”οΈ OctaFX Benefits πŸ’Ό OctaFX Accounts πŸš€ Open An Account
Allows Scalping Demo Account πŸ‘‰
Click Here
Allows Hedging OctaFX MT5 πŸ‘‰
Click Here
Offers STP OctaFX MT4 πŸ‘‰
Click Here
Low Min Deposit Islamic Account πŸ‘‰
Click Here
Guaranteed Stop Loss
Offers Negative Balance Protectioon

OctaFX Pros and Cons

βœ”οΈ Pros ❌ Cons
Regulated by SVGFSA Limited assets
Unlimited demo account Low Crypto coverage
Advanced technology No VPS
Forex and CFDs offered No education tools on Forex
More than 80 pairs to trade No clients from USA, Canada, Belgium, or others outside EU
No commission deposits or withdrawal options
Telephonic support not available 24/7

Customer Support
is made available via phone and email respectively.

OctaFX landing Page

XM.com Review in south africa

XM

XM Group
(XM) is a group of
regulated online brokers
regulated by
the Cyprus Securities and Exchange Commission
and more.

XM Benefit and Account Overview

βœ”οΈXM Benefits πŸ’ΌXM Accounts πŸš€ Open An Account
Allows Scalping Micro Account πŸ‘‰
Click Here
Allows Hedging Standard Account πŸ‘‰
Click Here
Low Min Deposit Ultra Low Account πŸ‘‰
Click Here
Offers Negative Balance Protection Islamic Account πŸ‘‰
Click Here

XM Pros and Cons

βœ”οΈ Pros ❌ Cons
Automatically credited New clients only
All profits can be withdrawn Bonus is non withdrawable
No deposit required

Customer Support
is made available via email and phone respectively.

XM Landing Page

hotforex_top

HotForex

HotForex
is a brokerage brand under HF Markets (SV) Ltd,
regulated
by
the Cyprus Securities and Exchange Commission (CySEC).

HotForex Feature Overview

πŸ”Ž Broker πŸ₯‡ HF Markets Ltd
πŸ₯ˆ HotForex
πŸ’° Min. Deposit $5 USD / R75 ZAR
πŸ“ Regulators CySEC, FSC, CFTC
β‚Ώ Crypto No
πŸ“Œ Total Pairs 47
β˜ͺ️ Islamic Account Yes
πŸ’³ Trading Fees Low
πŸš€ Open an Account πŸ‘‰
Click Here

HotForex Account Overview

HotForex Demo Account

πŸ”Ž Account πŸ“ŒHotForex Demo Account
πŸ“Ž Usage Unlimited
πŸ“Œ Market Conditions Real Market Conditions
πŸ“‰ Strategies Test trading strategies
πŸ“ˆ Platforms Access to trade with the MT4 and MT5 Terminal and Webtrader
πŸ’° Virtual Currency Up to $100,000 virtual opening balance
πŸš€ Open an Account πŸ‘‰
Click Here

HotForex Islamic Account

πŸ”Ž Account Option πŸ“Œ Features
Islamic Option Does not generate any swap interest.
Follows the principles of Islamic finance.
πŸš€ Open an Account πŸ‘‰
Click Here

HotForex Micro Account

πŸ”Ž Account Micro Account
πŸ“ˆ Trading Platform MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
πŸ“‰ Spreads From 1 pip
πŸ”§ Trading Instruments All Available
5️⃣ Fifth Decimal βœ”οΈ Yes
πŸ”Ό Maximum Leverage 1:1000
β˜‘οΈ Execution Market Execution
πŸ“Œ Minimum opening deposit $5/R70 ZAR
πŸ“Ž Minimum trade size 0.01 Lot
πŸ’» Trade size increment 0.01
πŸ“Œ Maximum Total Trade Size 7 Standard lots
➑️ Maximum Simultaneous Open Orders 150
⛔️ Margin Call / Stop out level 40% / 10%
☎️ Telephone Trading βœ”οΈ Yes
πŸ’΅ Account Currency USD, ZAR
πŸ’Ό Personal Account Manager βœ”οΈ Yes
πŸ“‰ Commission ❌ No
βž• Raw bonus Flexible Bonus Offerings
πŸš€ Open an Account πŸ‘‰
Click Here

HotForex Premium Account

πŸ”Ž Account Premium Account
πŸ“ˆ Trading Platform MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
πŸ“‰ Spreads From 1 pip
πŸ”§ Trading Instruments All Available
5️⃣ Fifth Decimal βœ”οΈ Yes
πŸ”Ό Maximum Leverage 1:5000
β˜‘οΈ Execution Market Execution
πŸ“Œ Minimum opening deposit $100/R1400 ZAR
πŸ“Ž Minimum trade size 0.01 Lot
πŸ’» Trade size increment 0.01
πŸ“Œ Maximum Total Trade Size 60 Standard lots per position
➑️ Maximum Simultaneous Open Orders 300
⛔️ Margin Call / Stop out level 50% / 20%
☎️ Telephone Trading βœ”οΈ Yes
πŸ’΅ Account Currency USD, ZAR
πŸ’Ό Personal Account Manager βœ”οΈ Yes
πŸ“‰ Commission ❌ No
βž• Raw bonus Flexible Bonus Offerings
πŸš€ Open an Account πŸ‘‰
Click Here
Read:  Automated Forex Trading Software Free Download

HotForex Zero Spread Account

πŸ”Ž Account Zero Spread Account
πŸ“ˆ Trading Platform MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
πŸ“‰ Spreads From 0 on Forex
πŸ”§ Trading Instruments All Available
5️⃣ Fifth Decimal βœ”οΈ Yes
πŸ”Ό Maximum Leverage 1:5000
β˜‘οΈ Execution Market Execution
πŸ“Œ Minimum opening deposit $200/R2800 ZAR
πŸ“Ž Minimum trade size 0.01 Lots
πŸ’» Trade size increment 0.01
πŸ“Œ Maximum Total Trade Size 60 Standard lots per position
➑️ Maximum Simultaneous Open Orders 500
⛔️ Margin Call / Stop out level 50% / 20%
☎️ Telephone Trading βœ”οΈ Yes
πŸ’΅ Account Currency USD, ZAR
πŸ’Ό Personal Account Manager βœ”οΈ Yes
πŸ“‰ Commission βœ”οΈ Yes
βž• Raw bonus ❌ No
πŸš€ Open an Account πŸ‘‰
Click Here

HotForex Auto Account

πŸ”Ž Account Auto Account
πŸ“ˆ Trading Platform MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
πŸ“‰ Spreads From 1 Pip
πŸ”§ Trading Instruments All Available
5️⃣ Fifth Decimal βœ”οΈ Yes
πŸ”Ό Maximum Leverage 1:500
β˜‘οΈ Execution Market Execution
πŸ“Œ Minimum opening deposit $200/R2800 ZAR
πŸ“Ž Minimum trade size 0.01 Lots
πŸ’» Trade size increment 0.01
πŸ“Œ Maximum Total Trade Size 60 Standard lots per position
➑️ Maximum Simultaneous Open Orders 300
⛔️ Margin Call / Stop out level 50% / 20%
☎️ Telephone Trading βœ”οΈ Yes
πŸ’΅ Account Currency USD, ZAR
πŸ’Ό Personal Account Manager βœ”οΈ Yes
πŸ“‰ Commission ❌ No
βž• Raw bonus ❌ No
πŸš€ Open an Account πŸ‘‰
Click Here

HotForex HFCopy Account

πŸ”Ž Account HFCopy Account
πŸ“ˆ Trading Platform MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
πŸ“‰ Spreads From 1 Pip
πŸ”§ Trading Instruments Forex, Indices Spot, Gold, Energies Spot, BTCUSD, BTCEUR
5️⃣ Fifth Decimal βœ”οΈ Yes
πŸ”Ό Maximum Leverage 1:400
β˜‘οΈ Execution Market Execution
πŸ“Œ Minimum opening deposit $300 for Strategy Provider
$100 for Follower
πŸ“Ž Minimum trade size 0.01 Lots
πŸ’» Trade size increment 0.01
πŸ“Œ Maximum Total Trade Size 60 Standard lots per position
➑️ Maximum Simultaneous Open Orders 300
⛔️ Margin Call / Stop out level 50% / 20%
☎️ Telephone Trading βœ”οΈ Yes
πŸ’΅ Account Currency USD
πŸ’Ό Personal Account Manager βœ”οΈ Yes
πŸ“‰ Commission ❌ No
βž• Raw bonus ❌ No
πŸ”Ž Max Followers 200
πŸš€ Open an Account πŸ‘‰
Click Here

Hotforex Pros and Cons

βœ”οΈ Pros ❌ Cons
Great range of markets Only Forex and CFDs products
Enabled negative balance protection Three entities in offshore zones
Fast Account Opening, fully Digital

Customer Support
is available 24/5 in over 27 languages via phone and email.

Hotforex Sign Up Bonus

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Conclusion

Overall,
The Best Forex Brokers with a minimum $10 USD – R160 ZAR deposit

make it possible to trade Forex with a minor minimum deposit.

Frequently Asked Questions

Can I trade forex with $10 / ZAR 160?

Yes, there are legal forex brokers who allow traders to open a trading account with a $10 USD, R160 ZAR minimum deposit.

Who are the top 10 Forex Brokers with a  $10 USD, R160 ZAR minimum deposit option?

  1. LiteForex
  2.  Admiral Markets
  3.  FXTM
  4. RoboForex
  5. IQ Option
  6. NordFX
  7. IronFX
  8. OctaFX
  9. XM
  10. HotForex

Will a $10 USD, R160 ZAR minimum deposit make me rich?

No, a $10 USD, R160 ZAR minimum deposit will not make you rich. Trading with small amounts is ideal for experimenting in trading and building your skills without running the risk of losing a major investment.

Can I Trade Forex With 10

Source: https://sashares.co.za/10-dollar-minimum-deposit-forex-brokers/

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