Being regulated by the Vanuatu Financial Services Commission (VFSC) allow many forex brokers to offer affordable trading requirements, one of them being the minimum deposit amount. But, how small is exactly the deposit?
By VFSC-regulated brokers' standard, here is the list of forex brokers providing trading service with the lowest deposit. You can use this reference to choose the most ideal broker should you want to start small in forex trading.
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Score
Broker
Min Deposit
Max Leverage
Payment
Regulation
307
71
CFI Group
$0
1 : 500
Credit/Debit Cards
Crypto, Neteller, Skrill, Wire, Local e-wallets (examples: CliQ for Jordan; Whish Money, MME, Sour - Lebanon; Pix, Boleto - Brazil), CFI Card by Gate To Pay
CySEC
FCA, DFSA (Dubai), Capital Markets Authority (Lebanon), VFSC, FSA (Seychelles), FSC (Mauritius), Jordan Securities Commission
FBS sets the minimum deposit required to open an account to as low as $1. There are two options available for small traders to open an account, which include the Cent accounts and the Micro accounts. The Cent account starts at a mere $1 deposit, while the Micro account starts a bit higher at a $5 initial deposit.
IC Markets: If you fund your capital using Skrill on IC Markets,it will be processed instantly, but they only accept AUD, USD, JPY, EUR, SGD, and GBP currencies.
FP Markets: In this broker, Skrill payments only accept USD, EUR, and GBP currencies.
FBS: Skrill deposits are free, but there's a 1% commission for withdrawals.
HF Markets: The minimum deposit is $10 and will be processed within 10 minutes with no fee.
OctaFX: If you keep your funds in your Skrill account in Euro, depositing the OctaFX Euro account requires no conversion.
Vantage: Payment using Skrill in this broker only accepts USD, EUR, GBP, and CAD currencies that will be processed within 24 business hours.
Established in 1993, Vanuatu Financial Services Commission (VFSC) is the financial regulatory authority of the Republic of Vanuatu. Up to this point, you might think that VFSC regulation is just like any other financial regulatory agencies. Forex broker companies that have gained licenses from VFSC could call themselves "regulated forex brokers" and carry out services such as forex and stock trading, as well as legally manage investment portfolios on behalf of their clients.
Registering a license in VFSC is a truly simple process, implemented with low requirements for setup, where investor only needs to submit a register online, prove an initial capital fund of mere $2,000, pay some fees, and within a 2-3 month, the firm is licensed and registered as a legal forex brokerage.
The VFSC regulator does not demand any proof of company backgrounds, nor check the implementation of secure fund management or basic operation guidelines. They do not demand any regular reporting and never impose fines in case of fraud.