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
- AVAtrade – Best Forex Broker for Micro Currency Trading in UAE Overall
- IC Markets – Best Micro Lot Broker for Trading Conditions
- Capital.com – Top Micro Currency Broker for Mobile
- IG Trading – Great Micro Lot Trading Platforms
- 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
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
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.
| 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
71% of retail CFD accounts lose money
2. IC Markets – Best Micro Lot Forex Broker for Trading Conditions
Min Deposit: $200
Fees: 4.7
Assets available: 3.6
Total Fees:
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
73.59% of retail CFD accounts lose money
3. Capital.com – Best Micro Currency Forex Broker for Mobile Trading
Min Deposit: $20
Fees: 4.8
Assets available: 4.7
Total Fees:
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
79.17% of retail CFD accounts lose money
4. IG Trading – Best Micro Lot Broker for Trading Platforms
Min Deposit: $5500
Fees: 3.7
Assets available: 4.5
Total Fees:
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
75% of retail CFD accounts lose money
5. Pepperstone – Best Micro Lot Forex Broker for Professionals
Min Deposit: $0
Fees: 4.9
Assets available: 4.8
Total Fees:
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
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.
| Broker | Number of Forex Currency Pairs | Spreads and Commissions | Max Leverage | Minimum Deposit | Forex Trading Platforms | Customer Support | Regulators |
|---|---|---|---|---|---|---|---|
| AVAtrade | 59 | Starts from 0.9 pips; no commissions | Up to 400:1 | $100 | MetaTrader 4, MetaTrader 5, AvaTradeGo, AvaOptions | 24/5 Live Chat, Phone, Email | Central Bank of Ireland, ASIC, FSCA, FSA, FFAJ |
| IC Markets | 61 | Starts from 0 pips + $3.50 per 100k traded | Up to 500:1 | $200 | MetaTrader 4, MetaTrader 5, cTrader | 24/7 Live Chat, Phone, Email | ASIC, CySEC, FSA |
| Capital.com | 138 | Spread-based; starts from 0.6 pips for EUR/USD; no commissions | Up to 30:1 for retail clients, up to 200:1 for professional clients | $20 | Capital.com Platform, MetaTrader 4 | 24/7 Live Chat, Phone, Email | FCA, CySEC, NBRB |
| IG Trading | 80 | Starts from 0.6 pips; no commissions on forex trading | Up to 30:1 for retail clients, up to 200:1 for professional clients | $550 | IG Trading Platform, MetaTrader 4 | 24/5 Phone, Email, Twitter, Live Chat | FCA, ASIC, MAS, FINMA, JFSA, MAS, CFTC, NFA |
| Pepperstone | 60+ | Starts from 0 pips + $3.76 per lot | Up to 500:1 | $200 | MetaTrader 4, MetaTrader 5, cTrader | 24/5 Live Chat, Phone, Email | FCA, 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 Pairs | Min. Deposit | Best For |
| AvaTrade | 0,9 pips | 59 | $100 | Multiple Trading Platforms |
| IC Markets | 0,0 pips | 61 | $200 | Day Traders and Scalpers |
| Capital.com | 0,6 pips | 138 | $20 | Mobile Traders |
| IG Trading | 0,6 pips | 80 | $550 | Swing Forex Traders |
| Pepperstone | 0,09 pips | 60+ | $200 | Professional 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
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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
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Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…