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Best Micro Lot Forex Brokers in UAE 2023 (UPDATED)

Page Summary

This guide helps users to find the best micro-lot forex brokers in UAE. Micro lot accounts allow users to open positions below 0,01 lot (or $1,000), decreasing the risk of losing money. 42 online brokers (local & offshore) with micro-lot accounts are available in UAE with different trading conditions. The variety of services makes choosing the ideal option for individual needs difficult.

This guide analyzes, compares and evaluates available services in UAE to support a confident selection. The assessment results in a list of top choices, in-depth reviews and comparisons considering the following criteria: range of forex trading instruments, spreads & commissions, minimum deposit, max. leverage, trading tools & platforms, research & education materials, Islamic accounts availability and customer support.

To help users find the ideal broker for their needs, a list of the 5 best micro-lot forex brokers in UAE is shared below.

Best Micro Lot Forex Brokers in UAE

  1. AVAtrade – Best Forex Broker for Micro Currency Trading in UAE Overall
  2. IC Markets – Best Micro Lot Broker for Trading Conditions
  3. Capital.com – Top Micro Currency Broker for Mobile
  4. IG Trading – Great Micro Lot Trading Platforms
  5. Pepperstone – Ideal for Professionals

5 Top Micro Lot Forex Brokers in UAE Reviewed

This guide breaks down the best micro lot forex brokers in UAE including their pros, cons and key features to help you make an informed decision.

1. AVAtrade – Is The Best Forex Broker in UAE for Micro Currency Trading Overall

AVAtrade logo

Rating: 4,9/5

Min Deposit: $100

Fees: 4.9

Assets available: 4.9

Total Fees: 0.9 pip

Open account Read review

71% of retail CFD accounts lose money

AvaTrades micro lot account requires a minimum deposit of $100 and offers up to 30:1 leverage, no maximum trading volume, and fractional lots. It allows users access to multiple trading platforms, including MetaTrader 4 and 5, and copy trading tools like AvaSocial, DupliTrade, and Capitalise.ai. Spreads are competitive starting at 0,9 pips with no extra commission and users get access to the full specter of 59 forex pairs and 44 forex options.

The micro lot account additionally supports Expert Advisors, trading bot scripts, and other automated trading platforms and offers free VPS services to its clients.

AvaTrade Spreads and Commissions

AvaTrade charges low, fixed spreads from 0,9 pips on EUR/USD and offers commission-free forex CFD trading.

AvaTrade spreads and commissions compared with the other brokers in this guide
Broker AvaTrade  IC Markets Capital.com IG Trading Pepperstone
EUR/USD 0,9 pips 0,0 pips +$3 0,6 pips 1,0 pips 0,84 pips
USD/JPY 1,0 pips 0,0 pips +$3 1,2 pips 1,0 pips 1,22 pips
GBP/USD 1,5 pips 0,0 pips +$3 1,3 pips 1,4 pips 1,51 pips
AUD/USD 1,1 pips 0,0 pips +$3 0,6 pips 1,2 pips 0,97 pips
Min. Deposit $100 $200 $20 None $200
Swap-free Account Yes Yes No No Yes
Inactivity Fee Yes No No Yes No
Funding Fee No No No No No

AvaTrade Micro Lot Account Types

AvaTrade offers two micro lot accounts: the Retail and Standard Accounts. Both accounts offer  micro-lots with up to 30:1 leverage.

The Professional account doesn’t offer micro lot trading but offers higher leverage of up to 400:1.

AvaTrade Available Assets

AvaTrade enables forex traders access to 59 forex currency pairs (including major, minor, and exotic pairs and 44 forex options).

AvaTrade Trading Platforms

AvaTrade’s micro accounts support 2 proprietary platforms, both MetaTrader 4 and 5, and third-party add-ons such as TradingView and Trading Central. They also offers access to social (copy) trading platforms like AvaSocial, DupliTrade, and Capitalise.ai.

The accounts also support Expert Advisors, APIs, and other forms of automated trading software via MetaTrader, making it a great option for algorithmic, high-frequency, and copy forex traders.

AvaTrade Customer Service

AvaTrade’s customer service is available 24/7 in English, Arabic, and over 20 other languages. Traders can reach out to the support staff through email, live chat, by phone, and through WhatsApp, making AvaTrade one of the brokers with the best customer service.

Key Features for Micro Currency Forex Traders:

  • Nr. of forex currency pairs: 59 forex pairs (CFDs) and 44 forex options
  • Average spread (EUR/USD): 0.9 pips
  • Trading platforms: Proprietary, MT4, MT5, ZuluTrade, DupliTrade, Capitalise.ai
  • Maximum leverage: 400:1
  • Tier-1 Regulators: ASIC, CySEC, FCA, ADGM, FRSA
  • Islamic swap free account: YES
  • Micro lot trading: YES
  • Recommended experience level: Average to advanced
  • Best for trading strategies: Automated trading, short selling, scalping

Read the full AvaTrade Review

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71% of retail CFD accounts lose money

2. IC Markets – Best Micro Lot Forex Broker for Trading Conditions

IC Markets logo

Rating: 4,5/5

Min Deposit: $200

Fees: 4.7

Assets available: 3.6

Total Fees:

Open account Read review

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% 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.

IC Markets micro lot account requires a minimum deposit of $200 and offers up to 500:1 leverage, no limits or restrictions on trade sizes, no minimum order distance, and a freeze level of 0. Users can also use IC Markets’ handy pip value calculator to calculate their risk vs. reward ratios before entering a trade.

The IC Markets’ micro lot account also offers access to a free Equinix NY4 VPS server, which reduces latency and guarantees order execution speeds of under 40 ms and charges the lowest fees among the brokers we compared (0,0 pips on EUR/USD). The account is compatible with both MetaTrader platforms, offers social trading via ZuluTrade and Myfxbook Autotrade, and has Islamic accounts available.

IC Markets Spreads and Commissions

Capital.com charges competitive spreads of 0,6 pips (EUR/USD) on their micro account.

IC Markets Micro Lot Account Types

IC Markets offers three different micro lot accounts: the Standard MetaTrader Account, The MetaTrader Raw Spread Account, and the cTrader Raw Spread Account. All account types offer a free demo option and can be converted to an Islamic swap-free account by contacting the broker’s support. Below, we will break down the available account types.

  • Standard MetaTrader Micro Lot  Account – The basic forex micro currency trading account for MetaTrader 4 and 5 that requires a minimum deposit of $200 to open, charges spreads from 1,0 pips (EUR/USD), and supports all trading styles (scalping, day trading, hedging, swing trading, algorithmic trading, etc.).
  • MetaTrader Raw Spread Account – The standard MT4 and MT5 forex trading account with ECN-pricing that offers traders leverage up to 500:1, spreads from 0,0 pips (on EUR/USD), and charges a $3,50 fixed commission per lot. Requires a minimum deposit of $200 and allows all trading styles.
  • cTrader Raw Spread Account – The standard cTrader Account with ECN-pricing offering traders up to 500:1 leverage, spreads from 0,0 pips (on EUR/USD), and that charges a $3,00 fixed commission per lot. A minimum deposit of $200 is required, and all forms of trading (including the use of EAs) are allowed.

Users can fund their IC Markets accounts by credit/debit card, bank wire transfer, or by e-wallets, including PayPal, Neteller, and Skrill from a minimum of $200.

IC Markets Available Assets

IC Markets allows its users to trade on 4,500 different financial instruments and 61 forex CFDs.

IC Markets Trading Platforms

IC Markets’ list of trading platforms include a mobile-friendly MetaTrader WebTrader, both MetaTrader platforms, cTrader, and third-party extensions like MyFxbook AutoTrade and ZuluTrade.

IC Markets Customer Service

The IC Markets customer service is available 24/7 through live chat, email, and by phone in English, Arabic, and over ten other languages.

IC Markets Key Features for Micro Currency Forex Traders:

  • Nr. of forex currency pairs: 61 forex pairs (CFDs)
  • Average spread (EUR/USD): 0.0 pips
  • Trading platforms: Proprietary, MT4, MT5, cTrader, ZuluTrade, Myfxbook
  • Maximum leverage: 500:1
  • Regulators: FCA, FSA, ASIC, CySec
  • Islamic swap free account: YES
  • Micro lot trading: YES
  • Recommended experience level: Average traders
  • Best for forex trading strategies: Day trading, scalping, swing trading

Read the full IC Markets review

Open account

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% 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.

3. Capital.com – Best Micro Currency Forex Broker for Mobile Trading

Capital.com logo

Rating: 4,8/5

Min Deposit: $20

Fees: 4.8

Assets available: 4.7

Total Fees:

Open account Read review

79.17% of retail CFD accounts lose money

Capital.com micro lot trading account requires a minimum deposit of $20 and offers up to 30:1 leverage, 70 technical indicators, and a patented AI trade bias detection system to help users backtest their trading strategies. The account provides users access to three different mobile apps: the Capital.com proprietary app, InvestMate, and MetaTrader 4.

All Capital.com apps allow users to trade forex pairs with up to 30:1 leverage, provide an extensive education section, support algorithmic trading and feature TradingView integration.

Capital.com Spreads and Commissions

Capital.com charges competitive spreads of 0,6 pips (EUR/USD) on their micro account. The financing rates on the micro lot trading account are average, clocking in at 3,1% on EUR/USD

Despite not charging any deposit, withdrawal, account opening, or inactivity fees, Capital.com does charge currency conversion fees, which makes their overall costs in line with the industry average.

Capital.com Micro Lot Account Types

Capital.com’s list of micro lot account types includes Standard, Plus, Premier, and Invest accounts, which can all be opened as retail and professional. The account types have different minimum deposit requirements, leverage ratios, and minimum lot sizes.

Although Capital.com offers its users a free demo trading account, the broker doesn’t offer Islamic accounts, which is a disadvantage for Muslim traders looking to trade micro currencies according to Sharia Law.

Capital.com Micro Currency Trading Account Types and Features 

Features Standard Plus Premier Invest
Minimum Deposit $20 (but not more than $3,000) $3,000 $10,000 $20
Min. Spread (EUR/USD) 0,6 pips 0,6 pips 0,6 pips 0,6 pips
Min. Lot Size 0,01 (1,000 units) 0,01 (1,000 units) 0,01 (1,000 units) 0,01 (1,000 units)
Max. Leverage 30:1 30:1 or 500:1 30:1 or 500:1 30:1
Algorithmic Trading Yes Yes Yes Yes
TradingView Yes Yes Yes Yes
Technical Indicators 70 70 70 70
Negative Balance Protection Yes Yes Yes No
Customized Analytics No Yes Yes No
Dedicated Account Manager No No Yes No

Capital.com Available Assets

Capital.com’s micro trading account allows users to trade over 6,000 financial instruments, including 138 forex CFDs.

Capital.com Micro Currency Forex Trading Apps

Micro currency trading at Capital.com is available through their proprietary and the MetaTrader 4 app. All trading apps feature real-time price quotes, multiple order types, risk management tools, technical indicators, and negative balance protection.

Capital.com Customer Service

Capital.com customer support is available 24/7 by email, live chat, phone, WhatsApp, Telegram, and Facebook Messenger in both English and Arabic.

Capital.com Key Features for Micro Currency Forex Traders:

  • Nr. of forex currency pairs: 138 forex pairs (CFDs)
  • Average spread (EUR/USD): 0.6 pips
  • Trading platforms: Proprietary, MT4, TradingView
  • Maximum leverage: 500:1
  • Regulators: FCA, FSA, ASIC, CySec
  • Islamic swap free account: NO
  • Micro lot trading: YES
  • Recommended experience level: Average traders
  • Best for forex trading strategies: Day trading, scalping, swing trading, algorithmic trading, bot integration

Read the full Capital.com review

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79.17% of retail CFD accounts lose money

4. IG Trading – Best Micro Lot Broker for Trading Platforms

IG Trading logo

Rating: 4,2/5

Min Deposit: $5500

Fees: 3.7

Assets available: 4.5

Total Fees:

Open account Read review

75% of retail CFD accounts lose money

IG Trading offers multiple advanced micro lot trading platforms that provide direct market access, Level 2 liquidity data, and multiple order types. Traders can open positions from 0,01 lots with up to 50:1 leverage and use risk management tools such as price alerts and stop losses. The IG Trading micro lot trading accounts also provide dynamic charting through Autochartist and Reuters live streams.

IG Trading account opening is fully digital and requires a minimum deposit of $300, which can be funded by bank transfer, credit/debit card, or PayPal. Although IG Trading doesn’t charge any deposit fees, currency conversion fees apply.

IG Trading Spreads and Commissions

The IG micro account offers competitive spreads of 0,6 pips on EUR/USD plus an annual administration fee of 0,8%.

IG Trading Micro Lot Account Types

IG users can choose between the following micro lot accounts:  Standard, Professional, and Limited Risk Accounts.

The Limited Risk Account is the most suited for micro lot trading as it has a minimum trade size of 1 micro lot (0,01 or 1,000 units), offers up to 20:1 leverage, negative balance protection, and guaranteed stops.

IG Trading micro account allows users to trade on over 80 forex currency pairs, 24/7 and during extended hours.

IG Trading Micro Currency Trading Platforms

IG Trading’s list of trading platforms includes a proprietary WebTrader and mobile trading app, MetaTrader 4, ProRealTime, and L2 Dealer. All platforms support Autochartist and TradingView integration, and micro lot trading, making IG Trading one of the best forex brokers for micro currency trading.

IG Trading Key Features for Micro Currency Forex Traders:

  • Nr. of forex currency pairs: 80 forex pairs (CFDs)
  • Average spread (EUR/USD): 0.6 pips
  • Trading platforms: Proprietary, MT4, ProRealTime, L2 Dealer
  • Maximum leverage: 50:1 and 500:1 for professional account holders
  • Regulators: FCA, FSA, ASIC, CySec
  • Islamic swap free account: Yes
  • Micro lot trading: YES
  • Recommended experience level: Experienced traders
  • Best for forex trading strategies: Day trading, scalping, swing trading, algorithmic trading, bot integration

Read the full IG Trading review

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75% of retail CFD accounts lose money

5. Pepperstone – Best Micro Lot Forex Broker for Professionals

Pepperstone logo

Rating: 4,9/5

Min Deposit: $0

Fees: 4.9

Assets available: 4.8

Total Fees:

Open account Read review

74-89% of retail CFD accounts lose money

Pepperstones micro lot trading account requires a minimum deposit of $200 and offers up to 30:1 leverage (500:1 for professionals), 100 maximum lot size per trade, and fractional lot pricing. The account features many professional trading tools, such as advanced order types, 28 indicators and Expert Advisors.

Pepperstone Spreads and Commissions

Pepperstone offers competitive spreads of 0,84 pips (EUR/USD) on its standard accounts and 0,1 pips (EUR/USD) on its Razor accounts.

Pepperstone’s spreads and commissions vary based on account type:

  • Variable spread of 0,84 pips avg. on EUR/USD on the Standard Account without extra fees.
  • Variable spreads of 0,10 pips avg. on EUR/USD on the MT4 & MT5 Razor Accounts with a $3,50 fixed commission per 100,000 units or lot.
  • Variable spreads of 0,10 pips avg. on EUR/USD on the cTrader Accounts with a commission of 0,0035% of the base currency per 100,000 units traded (€3,50 on a 100,000 unit EUR/USD trade).

Pepperstone Micro Lot Trading Account Types

Pepperstone offers its users four micro lot trading account types: The Standard MetaTrader 4 and MetaTrader 5 account, the MetaTrader 4 and MetaTrader 5 Razor account, the cTrader Razor account, and the TradingView Razor account.

Pepperstone Available Assets

Pepperstone allows users to trade over 1,200 financial instruments, including 62 forex currency pairs.

Pepperstone Micro Currency Trading Platforms

Pepperstone’s list of micro currency trading platforms includes TradingView, both MetaTrader 4 and 5, and cTrader. This broad choice of trading platforms makes Pepperstone one of the best multi-platform micro lot forex brokers.

Pepperstone Key Features for Micro Currency Forex Traders:

  • Nr. of forex currency pairs: 62 forex pairs (CFDs)
  • Average spread (EUR/USD): 0,84 pips on Standard Accounts, 0,00 pips on Razor Accounts
  • Trading platforms: TradingView, MetaTrader 4, MetaTrader 4, cTrader
  • Maximum leverage: 30:1 and 500:1 for professional account holders
  • Regulators: FCA, FSA, ASIC, CySec
  • Islamic swap free account: YES
  • Micro lot trading: YES
  • Recommended experience level: Experienced traders
  • Best for forex trading strategies: Day trading, scalping, swing trading, algorithmic trading, bot integration

Read the full Pepperstone Trading review

Open account

74-89% of retail CFD accounts lose money

How To Choose The Ideal Micro-Lot Account Forex Broker in UAE?

Criteria that help selecting the ideal broker with a micro-lot account are listed below.

  • Availability of Micro Lot Accounts. All brokers from our list have micro-lot accounts.
  • Range of forex pairs. Brokers with wider range of forex instruments should be preferred as they allow deverzification and flexibility.
  • Spreads and Commissions. Brokers with lower spreads and commissions should be preferred.
  • Forex Trading Platforms and Third Party Integrations. A wide range of platforms and integrations are offered by brokers. Personal trading preferences and knowledge should be considered.
  • Trading Strategies Backtesting. Micro-lot account are commonly used for trading strategy backtesting purposes. Brokers allowing to backtest strategies on micro-lot account should be preferred.
  • Reputation. Choosing a reputable broker helps avoiding scams. The following criteria build a brokers reputation: number of users, number of positive user feedback, number of tier-one licences.
  • Experience level. Brokers offer trading features and tools for different experience levels (beginners, intermediate and advanced). Traders knowledge level needs to betaken into account.

Top Micro-Lot Brokers Compared

Key features of the best rated micro-lot forex brokers in UAE are compared in the table below.

BrokerNumber of Forex Currency PairsSpreads and CommissionsMax LeverageMinimum DepositForex Trading PlatformsCustomer SupportRegulators
AVAtrade59Starts from 0.9 pips; no commissionsUp to 400:1$100MetaTrader 4, MetaTrader 5, AvaTradeGo, AvaOptions24/5 Live Chat, Phone, EmailCentral Bank of Ireland, ASIC, FSCA, FSA, FFAJ
IC Markets61Starts from 0 pips + $3.50 per 100k tradedUp to 500:1$200MetaTrader 4, MetaTrader 5, cTrader24/7 Live Chat, Phone, EmailASIC, CySEC, FSA
Capital.com138Spread-based; starts from 0.6 pips for EUR/USD; no commissionsUp to 30:1 for retail clients, up to 200:1 for professional clients$20Capital.com Platform, MetaTrader 424/7 Live Chat, Phone, EmailFCA, CySEC, NBRB
IG Trading80Starts from 0.6 pips; no commissions on forex tradingUp to 30:1 for retail clients, up to 200:1 for professional clients$550IG Trading Platform, MetaTrader 424/5 Phone, Email, Twitter, Live ChatFCA, ASIC, MAS, FINMA, JFSA, MAS, CFTC, NFA
Pepperstone60+Starts from 0 pips + $3.76 per lotUp to 500:1$200MetaTrader 4, MetaTrader 5, cTrader24/5 Live Chat, Phone, EmailFCA, ASIC, DFSA, SCB, BaFin, CMA, CySEC

What Are Micro Accounts?

Micro accounts are trading accounts that allow users to open positions smaller than 0,01 lot (micro lot) or $1,000. A standard lot size refers to $100,000, while a micro lot equals $1,000. 

Micro forex trading accounts allow users to practice forex trading on smaller positions which involve lower risk.

What Are The Benefits Of Micro Accounts?

The main benefits of micro forex trading accounts include access to smaller positions (trade volumes) and therefore lower risk of potential losses. 

This is great for beginners, but also for experienced traders who want to backtest their trading strategies.

What Is The Difference Between Micro and Standard Accounts?

The difference between micro and standard accounts is that the contract size for micro accounts is 1,000 units, while the contract size for standard forex accounts is 100,000 units. Micro accounts usually have no minimum deposit requirements whilst standard accounts require a couple of hundred dollars to open. 

What is The Best Leverage to Use On Micro Accounts

The most common leverage ratio on micro lot forex accounts is 500:1. 

What Are The TOP Forex Micro Account Strategies

The most common forex trading strategies for micro accounts are scalping, trading breakouts, and hedging.

  • Scalping – With scalping, users trade with relatively big amounts to try to profit from a small price movement. Scalpers pay close attention to the charts and try to make as many small profitable trades per day as possible.
  • Trading Breakouts – With this strategy, traders use candlestick patterns on a daily chart and place the right stop-losses and profit targets to take advantage of price momentum. Whenever a currency pair breaks through resistance or support levels, traders ride the wave and take their profits as soon as signs of a reversal occur.
  • Hedging – With hedging, forex traders protect their positions. They limit their losses or lock in profits on short-term price movements. Most often, they open both a buy and a sell order or multiple orders and lock in their profits as soon as the pair goes in the right direction. The other order covers risk exposure.

Conclusion

It requires time and effort to compare and evaluate services of different brokers in UAE to find the ideal option. Users must gather and analyze key information about available services to make the ideal choice.

This guide does the hard work for users by comparing and evaluating the top choices for different types of traders and their strategies. The results of our analysis of the best micro-lot forex brokers in UAE are listed in the table below.

Broker  Avg. Spread (EUR/USD)Nr. of Forex PairsMin. DepositBest For
AvaTrade0,9 pips59$100Multiple Trading Platforms
IC Markets0,0 pips61$200Day Traders and Scalpers
Capital.com0,6 pips138 $20Mobile Traders
IG Trading0,6 pips80$550Swing Forex Traders
Pepperstone0,09 pips60+$200Professional Forex Traders

FAQ

What are micro-lot forex accounts?

Micro lot accounts are forex trading accounts that allow users to open positions smaller than 0,01 lot (micro lot) or $1,000.

When to consider trading with a micro lot account?

Micro-lot accounts are commonly used by beginners as they reduce the risk of losing money. These accounts are also used by advanced traders to test their trading strategies in a real trading environment with low risk.

What is the maximum leverage on micro accounts in UAE?

The maximum allowed leverage in UAE is 50:1 for retail traders and 222:1 for professional traders. However, there is no maximum leverage limit when using a broker registered at the Dubai International Financial Center (DIFC).

Is it possible to generate profit with a micro account?

Yes, it is possible to generate profit on micro-lot accounts. However, the profits will be lower because of the smaller trading positions on micro-lot accounts.

Is it possible to switch from a micro to a standard lot account?

Yes, online brokers offer straightforward account switching from micro lot to standard lot accounts.

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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