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Best Forex Broker With $1 Minimum Deposit

This guide helps users compare and find the best $1 minimum deposit forex brokers in the UAE. $1 minimum deposit Forex accounts are useful for individuals in the UAE who want to start trading with low budgets. However, with the variety of brokers in UAE that offer $1 minimum deposits, it can be challenging to find the ideal platform for users’ individual needs.

To help traders make the right choice, the services of available providers have been assessed considering: minimum deposit, spreads, leverage, the range of forex pairs, rebate rates, payout schedule, minimum payout limitations, and trade restrictions. 

This guide compares 5 providers for users to review and find the optimal forex broker for their needs. To help them make an informed decision, a list of the best $1 minimum deposit forex brokers in UAE is shared below, followed by in-depth reviews and comparisons.

Page Summary

Top $1 Minimum Deposit Forex Brokers in UAE

  1. PepperstoneTop Choice for Range of Forex Trading Platforms
  2. CMC Markets – Best for Professional Forex Traders
  3. Oanda – Best TradingView Forex Broker with $1 USD Minimum Deposit
  4. XTB – Ideal for Commission-free Stock and Forex Trading
  5. Axi – Great Choice for Forex Copy Trading

Best $1 Minimum Deposit Forex Brokers in UAE Reviewed

Forex brokers with $1 USD minimum deposit in the UAE are reviewed below.

1. Pepperstone – Top Choice for Range of Forex Trading Platforms

Pepperstone logo

Rating: 4,9/5

BEST FOR: Forex Trading Platforms

LEVEL: Moderate

FX PAIRS: 60 forex pairs, 1,200 financial instruments

MIN DEPOSIT: $0 USD

Open account Read review

74-89% of retail CFD accounts lose money

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.

Razor cTrader Razor TradingView/MetaTrader 4 & 5 Standard cTrader/MetaTrader 4 & 5
Trading Fees $3 per lot per side $3 per lot per side None
Spreads Raw Raw Variable
Avg. EUR/USD Spread 0,0 – 0,2 pips 0,0 – 0,2 pips 1,0 – 1,2 pips
Min. Deposit $1 $1 $1
Max. Leverage for UAE Traders 50:1 50:1 50:1
Account Base Currencies USD, EUR, GBP, CHF USD, EUR, GBP, CHF USD, EUR, GBP, CHF
Max. Orders per Account 2,000 2,000 / 200 / 500 2,000 / 200 / 500
Min. Trade Size 0,01 lot 0,01 lot 0,01 lot
Nr. of Assets 1,200+ 1,200+ 1,200+
Stop Out Level 50% 50% 50%
Scalping Yes Yes Yes
Expert Advisors Yes Yes Yes
Free VPS Yes Yes Yes
Islamic Account No No Yes, optional
Open Account Start Trading Start Trading Start Trading

All 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.

Pepperstone’s accepted payment methods include Visa, MasterCard, bank wire transfers, PayPal, Neteller, Skrill, and Union Pay.

Pepperstone is licensed and regulated by four 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 reliable broker for UAE traders.

Pepperstone’s accepted payment methods include Visa, MasterCard, bank wire transfers, PayPal, Neteller, Skrill, and Union Pay.

Pepperstone is licensed and regulated by four 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 reliable broker for UAE traders.

Open account

74-89% of retail CFD accounts lose money

2. CMC Markets – Best for Professional Forex Traders

CMC Markets logo

Rating: 4,0/5

BEST FOR: Best for Professional Forex Traders

LEVEL: Advanced

FX PAIRS: 300 forex pairs, 35,000 financial instruments

MIN DEPOSIT: $0 USD

Open account Read review

65% of retail CFD accounts lose money

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.

Tier Threshold Rate per 1m Traded Holding Cost Adjustment Rebate
1 50 – 200 million in trades $5 25%
2 200 – 300 million in trades $7 50%
3 300+ million in trades $10 75%

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.

Open account

65% of retail CFD accounts lose money

3. Oanda – Best TradingView Forex Broker with $1 Minimum Deposit

Oanda logo

Rating: 3,8/5

BEST FOR: TradingView Forex Brokers

LEVEL: Moderate

FX PAIRS: 68 forex pairs and various CFDs

MIN DEPOSIT: $0 USD

Open account Read review

74-89% of retail CFD accounts lose money

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.

Feature / Account Type Standard Account Elite Trader
Min. Volume Req. None $10m
Rebate per Million traded None From $5
Nr. of Forex Pairs 68 68
Own Account Manager No Yes
Access to TradingView & MT4 Yes Yes
Free TradingView Subscription No Yes
Unlimited Free Deposits & Withdrawals No Yes
Core Pricing Yes Yes
Spread-only Trading Yes Yes
API Trading Yes Yes
24/5 Support Yes Yes
Variable Contract Sizes (Micro-lots) Yes Yes
MT4 Open Order Indicator Updates every 20 minutes Updates every 5 minutes
Priority Service No Yes

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.

Open account

74-89% of retail CFD accounts lose money

4. XTB – Commission-free Stock and Forex Trading

XTB logo

Rating: 3,8/5

BEST FOR: Commission-free Stock and Forex Trading

LEVEL: Moderate

FX PAIRS: 48 forex pairs and over 2,200 other financial instruments

MIN DEPOSIT: $1 USD

Open account Read review

81% of CFD retail account lose money

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.

Open account

81% of CFD retail account lose money

5. Axi – Forex Copy Trading

Axi logo

Rating: 3,7/5

BEST FOR: Best for Advanced Forex Traders

LEVEL: Advanced

FX PAIRS: 300 forex pairs, 35,000 financial instruments

MIN DEPOSIT: $0 USD

Open account Read review

73.9% of retail CFD accounts lose money

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.

Standard Account Pro Account
AccountSetup Fees None None
Spreads From 0,9 pips  From 0,0 pips
Commissions None $7 round trip
Min. Trade Size 0,01 lot 0,01 lot
Min. Deposit $1 $1
Financial Instruments 140+ forex pairs, metals, indices, and share CFDs 140+ forex pairs, metals, indices, and share CFDs
Pricing 5 decimal pricing 5 decimal pricing
Mobile Trading Yes Yes
MT4 NexGen Yes Yes
Max. Leverage 30:1 30:1
Base Account Currencies AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Expert Advisors Yes Yes
Free VPS Yes Yes
AutoChartist Yes Yes
Suitable for All Traders Professional Traders
Open Account Start Trading Start Trading

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.

Open account

73.9% of retail CFD accounts lose money

How To Choose The Best $1 Minimum Deposit Forex Broker in UAE?

Criteria for selecting the ideal $1 minimum deposit forex brokers in UAE are listed below.

  • The number of available forex pairs
  • The minimum deposit requirement
  • Availability of cent and micro-lot accounts
  • Payable trading and non-trading fees (spreads & commissions)
  • Range of trading platforms and features (such as forex copy trading and PAMM investments)
  • Library of educational materials
  • Quality of the customer support

Top $1 Minimum Deposit Fored Brokers Compared

The table below compares the key features of the highest-rated forex brokers in the UAE with a minimum deposit of $1.

Feature / BrokerNr. of Forex PairsRegulationMin. DepositCent / Micro Account AvailabilityLeverageFees (Avg. EUR/USD spread)Start Trading
Pepperstone60FCA, CySEC, ASIC, and DFSA$1YesUp to 1:500,0 – 0,2 pips or 1,0 – 1,2 pips, depending on account typeOpen Account
CMC MarketsOver 300FCA, ASIC, CIRO, MAS, and FMA$1YesUp to 1:300,3 pips +$7,00 commission per lotOpen Account
Oanda68DFSA$1YesUp to 1:2000,8 pipsOpen Account
XTB48FCA and CySEC$1YesUp to 1:30From 1,0 pipsOpen Account
Axi140FCA, CySEC, and DFSA$1YesUp to 1:300,0 pips + $7,00 commission per lot or 0,9 pips without commissionOpen Account

What Are $1 Minimum Deposit Forex Brokers?

Forex brokers, with a minimum deposit requirement, enable traders to start real money trading by opening an account with as little as $1. Allowing the traders to practice trading without risking much capital provides a near-risk-free trading environment.

What Are The Advantages and Disadvantages of $1 Minimum Deposit Forex Brokers?

The advantages and disadvantages of $1 minimum deposit forex brokers are listed below:

Advantages of $1 Minimum Deposit Forex Brokers:

  1. Low Investment Requirement – Forex brokers with a $1 minimum deposit let traders start small and risk less.
  2. Testing Trading Platforms – Forex brokers with a $1 deposit let traders start small and learn the platform.
  3. No Commitment – Traders can add more money to their accounts anytime without an initial big commitment.
  4. Beginner-friendly – Beginner traders with small amounts of capital can use $1 minimum deposit brokers to see if trading is something for them. 
  5. Bonuses and Promotions – Most $1 minimum deposit brokers offer bonuses, promotions, and other perks to new traders.

Disadvantages of $1 Minimum Deposit Forex Brokers:

  1. Limited Leverage Opportunities – Most brokers offer lower maximum leverage ratios on Cent accounts. 
  2. Higher Spreads – Brokers with Cent accounts might have higher spreads that can reduce traders’ profits.
  3. Limited Access to Features – Account types with lower tiers might not offer a broker’s complete range of features.
  4. Risk of Overtrading – With a small account balance, traders often overtrade, which can result in losses or the complete depletion of the account.
  5. Less Serious Approach – When trading with a minimal amount, many traders do not treat their trading seriously, potentially leading to neglect of strategies and unwise decisions.
  6. Credibility of the Broker – The broker’s intent to attract clients with a $1 minimum deposit requirement raises questions about the target clientele.

Conclusion

It requires time and effort to compare and evaluate promotions and bonuses of different $1 minimum deposit forex brokers in the UAE to find the ideal option. Users must evaluate relevant information to make the optimal choice for their needs. 

This guide does the challenging work for users to compare and evaluate the top choices for different types of traders and trading goals. The results of our analysis of the best $1 minimum deposit  forex brokers in UAE are wrapped up in the table below.

Feature / BrokerNr. of Forex PairsRegulationMin. DepositCent / Micro Account AvailabilityLeverageFees (Avg. EUR/USD spread)Start Trading
Pepperstone60FCA, CySEC, ASIC, and DFSA$1YesUp to 1:500,0 – 0,2 pips or 1,0 – 1,2 pips, depending on account typeOpen Account
CMC MarketsOver 300FCA, ASIC, CIRO, MAS, and FMA$1YesUp to 1:300,3 pips +$7,00 commission per lotOpen Account
Oanda68DFSA$1YesUp to 1:2000,8 pipsOpen Account
XTB48FCA and CySEC$1YesUp to 1:30From 1,0 pipsOpen Account
Axi140FCA, CySEC, and DFSA$1YesUp to 1:300,0 pips + $7,00 commission per lot or 0,9 pips without commissionOpen Account

Frequently Asked Questions About Best $1 Minimum Deposit Forex Brokers

Which forex has $1 USD minimum deposit?

From this guide, FBS, Exness, Forex4You, Oanda, and Instaforex have $1 as the minimum deposit.

Can I start trading with $1 USD?

Yes, you can start trading with $1 with all brokers mentioned in this guide, with the exception of OctaFX.

What is the cheapest forex broker?

According to our extensive research, Exness and Instaforex charge traders the lowest spreads, starting at 0,3 pips on EUR/USD. 

How to trade forex with little money?

One can trade forex with small amounts of money by signing up at one of the $1 minimum deposit forex brokers mentioned in this guide.

Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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