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.

🔎 Broker	💰 Minimum Deposit	📱 Trading Desk	₿ Crypto	☪️ Islamic Account
🥇 LiteForex	USD 10	MetaTrader4	✔️ Yes	✔️ Yes
🥈 Admiral Markets	USD 10	–	✔️ Yes	✔️ Yes
🥉 FXTM	USD 10	MT4 / MT5	✔️ Yes	✔️ Yes
RoboForex	USD 10	MetaTrader4	✔️ Yes	✔️ Yes
IQ Option	USD 10	Own Platform	✔️ Yes	✔️ Yes
NordFX	USD 10	MetaTrader4	✔️ Yes	✔️ Yes
IronFX	USD 10	MetaTrader4	✔️ Yes	✔️ Yes
OctaFX	USD 10	None	✔️ Yes	✔️ Yes
XM	USD 10	Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform	❌ No	✔️ Yes
HotForex	USD 10	MT4 / MT5	❌ No	✔️ Yes

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

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

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

📌 Regulation	FSC, FSA
💵 Minimum deposit from	$5
📈 Average spread from	0.4 pips
💳 Commissions from	$1.5 per lot per side
🔁 Deposit/Withdrawal Fees	✔️ Yes
➕ Maximum Leverage	1:1000
💵 Bonuses	✔️ Yes
🚀 Open an Account	👉 Click Here

LiteForex Account Overview

📢 ECN Account	📢 Classic Account
✔️ Increased quoting precision	✔️ Increased quoting precision
✔️ Market execution of orders with no requotes	✔️ 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	–
✔️ Negative Balance Protection	–
👉 Click Here	👉 Click Here

LiteForex Pros and Cons

✔️ 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.

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

₿ Crypto	✔️ Yes
☪️ Islamic Account	✔️ Yes
📊 Trading Fees	Low
🕒 Account Activation Time	24 Hours

Admiral Markets Account Overview

📢 Accounts	📈 Trade.MT5	📉 Invest.MT5	📊 Zero.MT5	📈 Trade.MT4	📉 Zero.MT4
💵 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
💰 Minimum Deposit	100 EUR	1 EUR	100 EUR	100 EUR	100 EUR
📌 Spread, Pips	From 0.5	From 0	From 0.5	–	–

Admiral Markets Pros and Cons

✔️ 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.

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

🔎 Account	📈 Micro	📉 Advantage	📊 Advantage Plus
💳 Minimum deposit required	$/€/£ 10, ₦10,000	$/€/£ 500, ₦80,000	$/€/£ 500, ₦80,000
📈 Spreads	From 1.5	From 0.0	From 1.5
⚙️ 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)
💵 Commission	Zero	Average of $0.40 – $2 based on volume	Zero
📌 Platforms	MT4	MT4 / MT5	MT4 / MT5
💷 Currency	US Cent / EU Cent / GBP Pence / NGN kobo	USD / EUR / GBP / NGN	USD / EUR / GBP / NGN
🔁 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
💱 Margin Call	60%	80%	80%
⛔ 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
➖ Minimum Volume in Lots per Trade	0.01	0.01	0.01
➕ Maximum Number of Orders	300	Unlimited	Unlimited
➕ Maximum Volume per Order	10	100	100
➕ Maximum Volume in Lots of Orders	3000	Unlimited	Unlimited
➕ Maximum Number of Pending Orders	100	300	300
☪️ Swap Free	Yes	Yes	Yes
🚀 Open an Account	👉 Click Here	👉 Click Here	👉 Click Here

FXTM Pros and Cons

✔️ 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.

RoboForex

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

RoboForex Benefit and Account Overview

✔️ RoboForex Benefits	💼 RoboForex Accounts	🚀 Open An Account
Allows Scalping	Prime Account	👉 Click Here
Allows Hedging	ECN Account	👉 Click Here
Offers STP	R Trader Account	👉 Click Here
Low Min Deposit	Pro-Cent Account	👉 Click Here
	Pro-Standard Account	👉 Click Here
	Islamic Account	👉 Click Here

RoboForex Pros and Cons

✔️ 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.

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
🏛️ Headquartered	Cyprus
📅 Year Founded	2013
⚖️ Regulating Authorities	CySEC
🌐 Countries not accepted for trade	US, Canada, Australia, Russia, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, and North Korea
☪️ Islamic account (swap-free)	Yes
👍 Demo Account	Yes
📊 Institutional Accounts	No
📊 Managed Accounts	No
📈 Maximum Leverage	1:30 (Retail)
💰 Minimum Deposit	10 USD
💳 Deposit Options	Debit/Credit Card Bank Wire Transfer Bank Transfers (Capitec, Absa, FNB, Standard Bank, Nedbank) Skrill Investec Neteller AdvCash Perfect Money WebMoney
💳 Withdrawal Options	Debit/Credit Card Bank Wire Transfer Bank Transfers (Capitec, Absa, FNB, Standard Bank, Nedbank) Skrill Investec Neteller AdvCash Perfect Money WebMoney
💻 Platform Types	IQ Option Trading Platform
📱 OS Compatibility	Web Browsers, Windows, MacOS, Android, iOS
📈 Tradable assets offered	Stocks Forex Options Cryptocurrencies Commodities ETFs
👨‍💼 Languages supported on Website	English, Russian, Chinese, Portuguese, Turkish, German, French, Thai, Vietnamese, Hindi, Spanish, Indonesian, Italian, Swedish
👥 Customer Support Languages	Multilingual
📆 Customer Service Hours	24/7

IQ Option Account Overview

📈 Demo Account	📉 Real Account	📊 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.
👉 Click Here	👉 Click Here	👉 Click Here

IQ Option Pros and Cons

✔️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.

NordFX

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

NordFX Benefit and Account Overview

✔️ NordFX Benefits	💼 NordFX Accounts	🚀 Open An Account
Allows Scalping	Fix Account	👉 Click Here
Allows Hedging	Pro Account	👉 Click Here
Offers STP	Zero Account	👉 Click Here
Low Min Deposit	Savings Account	👉 Click Here
	Islamic Account	👉 Click Here

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

IronFX

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

IronFX Feature Overview

💰Minimum Deposit	USD 100
🌐 Regulators	FCA, ASIC, FSCA, CySEC
📱 Trading Desk	MetaTrader 4
₿ Crypto	✔️ Yes
📈 Total Pairs	–
☪️ Islamic Account	❌ No
📊 Trading Fees	Low
🕒 Account Activation Time	24 Hours

IronFX Account Overview

📈 Micro Account	📉 Premium Account	📊 VIP Account	📈 Zero Fixed Account	📉 No Commission Account	📊 Zero Spread Account	📈 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

IronFX Pros and Cons

✔️ 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.

OctaFX

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

OctaFX Benefit And Account Overview

✔️ OctaFX Benefits	💼 OctaFX Accounts	🚀 Open An Account
Allows Scalping	Demo Account	👉 Click Here
Allows Hedging	OctaFX MT5	👉 Click Here
Offers STP	OctaFX MT4	👉 Click Here
Low Min Deposit	Islamic Account	👉 Click Here
Guaranteed Stop Loss
Offers Negative Balance Protectioon

OctaFX Pros and Cons

✔️ 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.

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

✔️XM Benefits	💼XM Accounts	🚀 Open An Account
Allows Scalping	Micro Account	👉 Click Here
Allows Hedging	Standard Account	👉 Click Here
Low Min Deposit	Ultra Low Account	👉 Click Here
Offers Negative Balance Protection	Islamic Account	👉 Click Here

XM Pros and Cons

✔️ 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.

HotForex

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

HotForex Feature Overview

🔎 Broker	🥇 HF Markets Ltd
	🥈 HotForex
💰 Min. Deposit	$5 USD / R75 ZAR
📝 Regulators	CySEC, FSC, CFTC
₿ Crypto	No
📌 Total Pairs	47
☪️ Islamic Account	Yes
💳 Trading Fees	Low
🚀 Open an Account	👉 Click Here

HotForex Account Overview

HotForex Demo Account

🔎 Account	📌HotForex Demo Account
📎 Usage	Unlimited
📌 Market Conditions	Real Market Conditions
📉 Strategies	Test trading strategies
📈 Platforms	Access to trade with the MT4 and MT5 Terminal and Webtrader
💰 Virtual Currency	Up to $100,000 virtual opening balance
🚀 Open an Account	👉 Click Here

HotForex Islamic Account

🔎 Account Option	📌 Features
Islamic Option	Does not generate any swap interest.
	Follows the principles of Islamic finance.
🚀 Open an Account	👉 Click Here

HotForex Micro Account

🔎 Account	Micro Account
📈 Trading Platform	MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
📉 Spreads	From 1 pip
🔧 Trading Instruments	All Available
5️⃣ Fifth Decimal	✔️ Yes
🔼 Maximum Leverage	1:1000
☑️ Execution	Market Execution
📌 Minimum opening deposit	$5/R70 ZAR
📎 Minimum trade size	0.01 Lot
💻 Trade size increment	0.01
📌 Maximum Total Trade Size	7 Standard lots
➡️ Maximum Simultaneous Open Orders	150
⛔️ Margin Call / Stop out level	40% / 10%
☎️ Telephone Trading	✔️ Yes
💵 Account Currency	USD, ZAR
💼 Personal Account Manager	✔️ Yes
📉 Commission	❌ No
➕ Raw bonus	Flexible Bonus Offerings
🚀 Open an Account	👉 Click Here

HotForex Premium Account

🔎 Account	Premium Account
📈 Trading Platform	MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
📉 Spreads	From 1 pip
🔧 Trading Instruments	All Available
5️⃣ Fifth Decimal	✔️ Yes
🔼 Maximum Leverage	1:5000
☑️ Execution	Market Execution
📌 Minimum opening deposit	$100/R1400 ZAR
📎 Minimum trade size	0.01 Lot
💻 Trade size increment	0.01
📌 Maximum Total Trade Size	60 Standard lots per position
➡️ Maximum Simultaneous Open Orders	300
⛔️ Margin Call / Stop out level	50% / 20%
☎️ Telephone Trading	✔️ Yes
💵 Account Currency	USD, ZAR
💼 Personal Account Manager	✔️ Yes
📉 Commission	❌ No
➕ Raw bonus	Flexible Bonus Offerings
🚀 Open an Account	👉 Click Here

HotForex Zero Spread Account

🔎 Account	Zero Spread Account
📈 Trading Platform	MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
📉 Spreads	From 0 on Forex
🔧 Trading Instruments	All Available
5️⃣ Fifth Decimal	✔️ Yes
🔼 Maximum Leverage	1:5000
☑️ Execution	Market Execution
📌 Minimum opening deposit	$200/R2800 ZAR
📎 Minimum trade size	0.01 Lots
💻 Trade size increment	0.01
📌 Maximum Total Trade Size	60 Standard lots per position
➡️ Maximum Simultaneous Open Orders	500
⛔️ Margin Call / Stop out level	50% / 20%
☎️ Telephone Trading	✔️ Yes
💵 Account Currency	USD, ZAR
💼 Personal Account Manager	✔️ Yes
📉 Commission	✔️ Yes
➕ Raw bonus	❌ No
🚀 Open an Account	👉 Click Here

HotForex Auto Account

🔎 Account	Auto Account
📈 Trading Platform	MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
📉 Spreads	From 1 Pip
🔧 Trading Instruments	All Available
5️⃣ Fifth Decimal	✔️ Yes
🔼 Maximum Leverage	1:500
☑️ Execution	Market Execution
📌 Minimum opening deposit	$200/R2800 ZAR
📎 Minimum trade size	0.01 Lots
💻 Trade size increment	0.01
📌 Maximum Total Trade Size	60 Standard lots per position
➡️ Maximum Simultaneous Open Orders	300
⛔️ Margin Call / Stop out level	50% / 20%
☎️ Telephone Trading	✔️ Yes
💵 Account Currency	USD, ZAR
💼 Personal Account Manager	✔️ Yes
📉 Commission	❌ No
➕ Raw bonus	❌ No
🚀 Open an Account	👉 Click Here

HotForex HFCopy Account

🔎 Account	HFCopy Account
📈 Trading Platform	MetaTrader 4, MetaTrader 5, Webtrader and Mobile Trading
📉 Spreads	From 1 Pip
🔧 Trading Instruments	Forex, Indices Spot, Gold, Energies Spot, BTCUSD, BTCEUR
5️⃣ Fifth Decimal	✔️ Yes
🔼 Maximum Leverage	1:400
☑️ Execution	Market Execution
📌 Minimum opening deposit	$300 for Strategy Provider $100 for Follower
📎 Minimum trade size	0.01 Lots
💻 Trade size increment	0.01
📌 Maximum Total Trade Size	60 Standard lots per position
➡️ Maximum Simultaneous Open Orders	300
⛔️ Margin Call / Stop out level	50% / 20%
☎️ Telephone Trading	✔️ Yes
💵 Account Currency	USD
💼 Personal Account Manager	✔️ Yes
📉 Commission	❌ No
➕ Raw bonus	❌ No
🔎 Max Followers	200
🚀 Open an Account	👉 Click Here

Hotforex Pros and Cons

✔️ 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.

You might also like:

BEST FOREX COPY TRADING PLATFORMS AND BROKERS REVIEW

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.