Best Forex Broker With $1 Minimum Deposit

Pepperstone, founded in 2010, is a highly regulated forex and CFD broker, sanctioned across seven jurisdictions, offering trading options on over 60 forex pairs and more than 1,200 CFDs—encompassing shares, ETFs, commodities, cryptocurrencies, and indices. Notably, Pepperstone imposes no minimum deposit for traders.

Pepperstone charges low spreads on Razor accounts, starting at 0,0 pips on EUR/USD and a $3.00 per lot per side. Standard account users enjoy zero commission benefits, with spreads beginning at 1.0 pips on EUR/USD. While Pepperstone does not charge inactivity fees, traders should be mindful of potential currency conversion costs.

Pepperstone focuses on UAE traders and provides the leverage option of up to 50:1 across multiple trading platforms, including cTrader, MetaTrader 4, MetaTrader 5, and direct trading from TradingView’s charts. The broker accommodates various trading styles by permitting micro-lot trading, scalping, and the use of Expert Advisors on all account types.

Use the table below to compare the available Pepperstone account types and featuresAll available account types have no minimum deposit requirements. Muslim traders who wish to trade Halal can convert the Standard account to an Islamic swap-free account, and Pepperstone offers demo accounts for beginners.

CMC Markets is a London Stock Exchange-listed globally operating forex and CFD broker founded in 1989 that enables users access to over 300 forex pairs and more than 10,000 other financial instruments, including shares, indices, ETFs, commodities, cryptocurrencies, and treasuries. UAE traders can sign up and deposit for as little as $1 at CMC Markets.

CMC Markets charges average spreads from 0,3 pips on EUR/USD +$7,00 commission per lot. The broker doesn’t charge deposit or withdrawal fees but does charge inactivity fees of $10/month after 12 months of inactivity. Additionally, currency conversion fees may apply.

CMC Markets offers a Rebate Program significantly reducing trading fees for professional and high-volume forex traders.

Use the table below for more information about the CMC Markets spread rebates.

CMC Markets allows UAE traders to trade with up to 30:1 leverage via MetaTrader 4, its proprietary WebTrader, or the CMC Markets App for mobile users. All available trading platforms support micro-lot trading, scalping, and the usage of Expert Advisors and automated trading software.

CMC Markets offers individual and corporate accounts with no minimum deposit requirements. Although the broker doesn’t provide Islamic swap-free accounts, free unlimited demo accounts are available for beginner traders.

CMC Markets’ funding options include Visa and MasterCard credit and debit cards and bank wire transfers. CMC Markets does not accept Diners Club and American Express cards.

CMC Markets is licensed and regulated by five Tier-1 regulators, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Canadian Investment Regulatory Organization (CIRO), the Monetary Authority of Singapore (MAS), and the Financial Markets Authority (FMA), making it a reliable and trustworthy internationally operating broker.

Oanda, established in 1996 and headquartered in the UK, is a DFSA-regulated broker that caters to a diverse trading portfolio. It offers a platform for trading an array of assets, including 68 forex pairs and various CFDs. Its focus is on UAE forex traders, with the advantage of no minimum deposit to start trading.

Oanda is competitive with spreads and margin rates, offering spreads as low as 0.8 pips for EUR/USD and margins between 3.3% and 5%. Oanda also has a cost-effective approach to non-trading fees, with a nominal $10 monthly charge after a year of no account activity and a modest 0.5% fee for currency conversions.

Oanda empowers traders with flexible leverage options, ranging from 1:1 to 1:200. This cap excludes cryptocurrencies, which Oanda allows trading at a maximum leverage of 1:2. Additionally, it integrates TradingView’s charts, enabling direct trades from the platform.

Use the table below to compare Oanda’s available account types and features.

Oanda offers a Standard account with no initial deposit requirement, unlike its Elite Trader Loyalty Program, tailored for professionals with significant monthly trading volumes.

Oanda offers a demo account for unlimited practice trades and Islamic accounts for those following Sharia Law.

Oanda’s deposits and withdrawals are streamlined, with immediate crediting of funds via credit/debit cards or bank transfers and withdrawals limited to previously used deposit methods.

Oanda secures its reputation as a safe and reliable broker for traders with licenses from both the FCA and DFSA.

XTB is a Polish forex and CFD broker founded in 2002 that enables traders access to 48 forex pairs and over 2,200 other financial instruments, including stocks, commodities, indices, ETFs, and cryptocurrencies. There are no account minimums at XTB, and users can start trading and investing from as little as $1. 

XTB offers commission-free forex and CFD trading and charges low spreads starting at 1.0 pips on EUR/USD. The broker’s non-trading fees include a $10/month inactivity fee after one year of inactivity and a 0.5% markup on currency conversion fees.

UAE traders can trade with up to 30:1 leverage via xStation, the broker’s proprietary trading platform that is available as a browser-based trading platform, desktop application, and mobile, tablet, and smartwatch app. Micro-lot trading is available, but users cannot deploy Expert Advisors or other forms of automated trading software.

XTB has no minimum deposit requirements. For Muslim traders, XTB has swap-free Islamic accounts per Islamic rules. Additionally, beginner traders can open a free demo account to familiarize themselves with forex trading with XTB.

XTB’s accepted funding methods include bank transfers, credit and debit cards, PayPal, Neteller, and Skrill.
XTB is licensed and regulated by two Tier-1 regulators, including the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), making it a safe and reliable broker.

Axi is an Australian internationally operating forex and CFD broker founded in 2007 that allows traders to trade 140+ forex pairs and over 100 CFDs on US, UK, and European shares, metals, and indices. Axi has no minimum deposit requirement and is ideal for forex copy trading.

Axi charges tight spreads from 0,0 pips + $7,00 commission round trip on its Pro accounts, while Standard account holders aren’t subject to commissions but pay spreads starting at 0,9 pips on EUR/USD. Axis non-trading fees include a $10/month inactivity fee after 12 months of inactivity, currency conversion fees, and 3% deposit fees on deposits over $50,000 monthly.

Axi allows UAE traders to trade with up to 30:1 leverage via MetaTrader 4. Micro-lot trading and Expert Advisors are allowed, and all users gain access to AutoChartist, a software that automatically scans the market for lucrative trading opportunities. Additionally, forex copy trading is available through the broker’s mobile app.

Use the table below to compare the available Axi account types and features.

Both Axi accounts have no minimum deposit requirements. Swap-free Islamic no-interest accounts are available for Muslim traders who want to adhere to Sharia Law, and Axi has a $50,000 demo account open for beginner traders who wish to familiarize themselves with forex trading on Axi. 

Axi’s range of funding methods includes Visa, MasterCard, international bank transfers, Przelewy24, and cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple’s XRP, Stellar Lumens, and USDT via TRC20 and ERC20. 

Axi is licensed and regulated by three Tier-1 regulators, including the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA), making it a safe and trustworthy broker for UAE traders.