There are many low deposit MT5 brokers in the market. But, which one has the best features and trading conditions?

Most traders agree that a broker with a low deposit is much more appealing than one that doesn't. The reason is that low deposits can bring a lot of perks for many kinds of traders. For example, a new trader is more likely to prefer a low deposit broker because it doesn't require a lot of money to start trading. In addition, experienced traders that are looking to test a strategy would probably be drawn to a low deposit broker to minimize risks in case the strategy doesn't work well. In other words, both types of traders aren't really keen on spending too much money on something that they aren't sure about yet.

Low deposit isn't the only thing to think of when choosing the right broker. There are other defining factors like trading platforms. While MT4 has more fans, the MT5 trading platform has a lot of benefits to make it equal if not more advanced than MT4. One of the best examples is the existence of a built-in Depth of Market.

MT5

While there are many MT5 brokers out there, not all of them offer affordable initial deposits. This can be a burden for some traders. Here are some of the best low deposit MT5 brokers to consider:

 

1. IC Markets

One of the best things about IC Markets is that this broker offers various trading platforms to choose from. That includes MT4, cTrader, and of course MT5. This broker is also known to be one of the best low deposit MT5 brokers. The initial deposit for the MT5 account in IC Markets is only $200. This is a reasonable amount considering its credibility in customer service, years of experience, and the regulatory bodies it is registered with.

For starters, the MT5 account comes with two types of spread in IC Markets: Raw spread and the standard one. The MT5 raw spread account really starts from 0.0 pips. Traders will be charged a commission fee in place of the spread, but it isn't too expensive; only $3.5 per side or $7 per round turn. Traders who don't like commission fees should consider the MT5 standard account. The spread only starts from 0.6 pips.

Website
Established
2007
Leverage
1:1000
Min Deposit
$200
Regulation
ASIC, CySEC, SCB, The Financial Commission, FSA (Seychelles)
Interest rate on funds
Free education
PAMM
MAM
Segregated accounts
Managed accounts
Islamic accounts available
Compensation scheme
Swap
Low spread eur/usd
VPS
Copy trading
FasaPay
Neteller
PayPal
Skrill
Wire transfer

IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).

On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.

Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.

The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.

For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.

As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.

To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.

 

2. BDSwiss

BDSwiss is another low deposit MT5 broker to consider. The minimum deposit for the MT5 account is only $100. The best part is traders won't be charged a deposit fee without any commission fee charged for each trade. However, the spread is not quite tight as it starts from 1.1 pips. BDSwiss compensates it with leverage up to 1:500 and access to over 250 trading instruments.

Website
Established
2012
Leverage
1:400
Min Deposit
$100
Regulation
CySEC, FSC (Mauritius), FSA (Seychelles), CFTC/NFA, BaFin
Accepts US traders
Personal manager
Segregated accounts
VPS
Free education
Negative balance protection
Affiliate program
Education
Copy trading
Webinar
PAMM
Skrill
Wire transfer
Neteller
Wire transfer

 

3. FP Markets

FP Markets MT5 account only requires $100, making them one of the most recommended low deposit MT5 brokers. Not to mentions, this broker offers a lot of payment methods including wire transfers. Similar to IC Markets, this broker offers two types of spreads: standard and raw. The raw spread starts from as little as 0.0 pips with a commission of $6 per round turn. With the MT5 raw spread account, traders can access over 70 financial products across forex, commodities, and indices.

Website
Established
2005
Leverage
1:500
Min Deposit
$100
Regulation
ASIC, CySEC, FSCA, FSA (Seychelles)
Free education
Personal manager
Trading by telephone
PAMM
MAM
Segregated accounts
Affiliate program
Islamic accounts available
Hedging
Negative balance protection
Low spread eur/usd
VPS
Copy trading
FasaPay
Neteller
Skrill
Wire transfer

Keeping positions open overnight won't result in the overnight/rollover fee reducing your earnings, so you don't have to worry about it. FP Markets offers the most competitive swap rates in the industry by introducing Swaps Points in the form of a live swap rates list on the MT4 and MT5 platforms. Here are some examples:

  • ACWI: -5.00 for long positions and -2.50 for short positions.
  • ADAUSD: -20.00 for long positions and -20.00 for short positions.
  • AGG: -5.00 for long positions and -2.50 for short positions.

 

4. FBS

FBS is probably one of the most unique MT5 brokers for many reasons. But, one that sticks out is that this broker has a lot of account types that are available on the MT5 trading platform. Each trading account has a different initial deposit, with the cent account hosting the lowest initial deposit of $1 that traders can transfer throughout multiple methods including Neteller. FBS cent account is indeed very affordable for new traders, especially because the minimum order is only 0.01 cent lot.

Website
Established
2009
Leverage
1:3000
Min Deposit
$5
Regulation
ASIC, CySEC, FSCA, Belize Financial Service Commission (FSC), FCA
Bonus offers
Trading contests
Free education
Affiliate program
Islamic accounts available
Compensation scheme
Negative balance protection
VPS
Webinar
Low spread eur/usd
FasaPay
Neteller
Skrill
Wire transfer

Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.

FBS is regulated by FSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.

Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.

FBS spread begins from 0.5 pips for Pro account type and from 0.7 pips for Standard and Cent accounts. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.

Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading instruments: 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs.

Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.

FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.

MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.

Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of FSCing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.

Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.

Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.

Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.

In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.

 

5. Blueberry Markets

Technically, Blueberry Markets has a minimum deposit of $100 for MT5 users. There is also a specific account type that offers a super low spread starting from 0.0 pips with a maximum leverage of 1:500. But, considering this is a raw spread account, there will be a commission fee of $7.

Website
Established
2016
Leverage
1:500
Min Deposit
$100
Regulation
ASIC, SCB
PAMM
Segregated accounts
VPS
MAM
Islamic account
Low spread eur/usd
Personal manager
Affiliate program
Education
Bonus
Copy trading
Webinar
PayPal
Skrill
Wire transfer
FasaPay
Neteller

 

6. InstaForex

InstaForex probably has one of the lowest minimum deposits for the MT5 accounts. In all of their trading accounts, the minimum deposit is only $1. Traders can choose to transfer funds through multiple methods including Skrill. Traders can choose to trade with fixed or floating spreads in this broker. Interestingly, there are continuous deposit bonus programs that traders can try to boost their trading power.

Website
Established
2007
Leverage
1:1000
Min Deposit
$1
Regulation
FSC (BVI), SVGFSA
Bonuses
PAMM
Trading contests
VPS
Segregated accounts
Compensation scheme
Affiliate program
Trading via API
Education
Copy trading
Webinar
Skrill
Wire transfer
Neteller

InstaForex is an international broker that provides trading services to traders globally. Since it was founded in 2007, InstaForex has provided for clients from various countries as many as 7 million traders. Based in Kaliningrad, Russia, InstaForex always attempts to improve the quality of the company in order to captivate the hearts of their clients.

Their hard work can be proven, one of which is by achieving a variety of awards, including Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards, Best ECN Broker Asia 2018 by IBM, Forex Broker of the Year for Eastern Europe 2018 according to le Fonti Awards, Development, and Success award at Financial Olympus 2016-2017, etc.

There are 4 types of account offered by InstaForex representing a universal trading tool that help to work on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard, dan Cent.Eurica. Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account.

Insta.Standard account is relevant for standard trading terms on the Forex market and allows a trade to be settled with classical spread and with no fees. Traders will be charged a fixed spread every time they make a transaction. Spreads that are provided ranging from 3-7 pips. The main advantage of this type of accounts is its universality, as a trader can change the trading leverage and work with a deposit size convenient for traders.

Different from Insta.Standard accounts, Insta.Eurica accounts do not require payment of any spread on opening a deal. Therefore, this type of InstaForex account is suitable for beginner trader with a minimum transaction of 0.01 lots.

There are also other types of accounts InstaForex, namely Cent.Standard and Cent.Eurica which can be used for beginner traders because they can use the minimum transaction volume, which is 0.0001 lots (the cost per lot is USD0.1 cent). Deposit currencies that can be used by traders are EUR and USD (for all types of accounts).

Trading in InstaForex is quite a given as traders can choose to trade with leverage between 1:1 to 1:1,000. With a minimum initial deposit requirement of only USD1 (for all types of accounts), InstaForex clients have the opportunity to get a 30% to 100% deposit bonus.

Not only that, but beginner traders are also exempt from confusion in determining forex trading strategies. Because Instaforex provides ForexCopy services that allow traders to copy orders from professional traders in just a few minutes.

And then, there are around 300 trading instruments offered by InstaForex for traders. In addition to currency pairs, there are also futures, shares, gold, silver, CFDs, Bitcoin, and others.

Every InstaForex client is free to choose a trading platform that can be tailored to their needs. There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4, and MetaTrader5. Each platform has advantages and disadvantages. InstaForex also provides video tutorials on how to register on each platform. It aims to make it easy for beginner traders who want to join InstaForex.

If a trader still confused after seeing the video tutorials, traders can contact customer service available 24 hours connected to various social media, including email, Skype, Whatsapp, Telegram, Viber, Twitter, and Phone Call. On the InstaForex website, there are around 30 languages provided to facilitate traders from various countries.

The trader can also help themselves with trading calculators provided on the InstaForex website. Traders can accumulate currency pairs, Leverage, volume, and currency used.

The payment system in InstaForex is also diverse. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer. All in all, InstaForex is a well-rounded broker for many types of traders.

 

Is Low Deposit MT5 Broker Worth it?

With all its pros and cons, the MT5 trading platform is still one of the best trading platforms right now. There are many reasons to choose the MT5 trading platform, starting from its flexibility and reliable platform to its abundant indicators. It might have some downsides but at this point, the positive outweighs the negative. It is also the reason why a lot of brokers present MT5 as one of their main platforms with low deposits.

 

Did you know? MT5 is often compared with cTrader for its advancements over MT4. Learn about it further in Comparing MT5 Vs cTrader for Better Trading Experience.