HERE IS A LIST OF FOREX BROKERS THAT ACCEPT A MINIMUM DEPOSIT OF 100 USD
Forex Brokers With $100 Minimum Deposit
Forex trading has gradually been gaining popularity around the globe and in South Africa alike. Today, South Africa is one of the biggest forex trading hubs in Africa. For many traders, one of the key considerations when choosing a forex broker to invest with is the minimum deposit required by the broker. While different brokers have different minimum deposit requirements, $100 is among the most common minimum deposits accepted by brokers. In this article, we are going to look at some of the best forex brokers with a $100 minimum deposit. We are specifically going to look at their regulatory backgrounds, their collections of market products, the spreads they charge, and the trading platforms available to see which ones stand out. Let’s begin.
Forex Brokers With $100 Minimum Deposit
Plus500
Plus500 strives to simplify the trading experience for its clients. Opening an account is typically straightforward, with a minimum deposit of $100. You can fund your account through various methods, including credit/debit cards, bank transfers, and popular e-wallets. Better yet, this CFD provider supports the South African Rand (ZAR) as a base account currency along with USD and other currencies.
Once traders make a deposit, they gain access to a deep collection of market products. These include CFDs on forex, cryptocurrencies, indices, commodities, shares, options, and ETFs. The software available to place orders is the in-house built Plus500 trading platform. A variable spread applies to cover trading fees. As an example, the spread on the EURUSD pair can go as low as 0.8 pips depending on the market.
Finally, Plus500 operates under the stringent supervision of the FSCA, the FCA, the CySEC, and the ASIC. This regulatory oversight helps in boosting Plus500’s reputation as it has to adhere to strict market regulations.
FP Markets
FP Markets is one of the most established forex and CFD brokers in the world, having launched its services in 2005. This FSCA-regulated broker accepts a minimum deposit of $100 which gives traders access to a deep collection of market products. The broker supports numerous payment options for deposits and withdrawals. These include credit/debit cards, local bank transfers, wire transfers, Neteller, Skrill, PayTrust, Perfect Money, Dragonpay, Apple Pay, Google Pay, and many more.
Notably, traders on FP Markets have access to over 10,000 individual assets. These include more than 70 forex currency pairs and CFDs on indices, commodities, metals, stocks, bonds, ETFs, and cryptocurrencies. To facilitate trading, FP Markets provides five platforms which include MT4, MT5, Iress, cTrader, and TradingView.
On another note, FP Markets offers two account types with competitive spreads. The Standard account provides spreads as low as 1.0 pips for major currency pairs without additional commissions. Conversely, the Raw account offers spreads from 0.0 pips, but a $3 commission per side per lot applies.
Finally, FP Markets operates under stringent regulatory oversight in multiple jurisdictions. For starters, it is regulated in South Africa by the local regulator, the FSCA. On top of that, the broker is authorized by the ASIC in Australia and the CySEC in Cyprus, two of the world’s most rigorous financial regulators.
Forex.com
Forex.com is another globally recognized broker with a presence in South Africa. With a minimum deposit of $100, traders can invest in a wide range of market products on this broker's platform. South African traders can access CFDs on Forex, indices, stocks, commodities, and cryptocurrencies. The trading platforms available to traders include MetaTrader 4, MetaTrader 5, TradingView, and Forex.com Trader.
On another note, traders can conveniently fund and withdraw their accounts using multiple payment methods, including wire transfers, credit/debit cards, Skrill, and Neteller. The broker offers competitive spreads, starting at 0.8 pips on the Standard account and 1.0 pip on the MetaTrader account, both commission-free. In contrast, the Raw account provides spreads from 0.0 pips with a fixed commission of $5 per $100,000 traded.
In terms of regulations, this broker does not disappoint. While not regulated in South Africa, its parent company, StoneX, holds licenses from top-tier financial authorities. These include the FCA in the UK, CySEC in Cyprus, ASIC in Australia, and the CFTC and NFA in the US.
Tickmill
Tickmill is another broker that accepts a minimum deposit of $100 from South African traders. The broker supports a variety of payment systems which include Neteller, WebMoney SticPay, Skrill, Bank Transfers, Crypto Payments, and more. With that investment, they can access a wide range of markets including CFDs on forex, stock indices, metals, bonds, commodities, and cryptocurrencies. The trading platforms available to use include MetaTrader 4, MetaTrader 5, and mobile apps.
In terms of spreads, Tickmill is within market standards but a little higher compared to some competitors. The classic account has spreads as low as 1.6 pips with no commission required. In contrast, the raw account has spreads from 0.0 pips plus a commission of 3 USD per side per lot.
On another note, Tickmill operates in South Africa under the authorization and regulation of the FSCA. It is also under the regulation of the CySEC, the ASIC, and the FCA. These esteemed regulatory bodies enhance Tickmill's reputation and credibility.
AvaTrade
The next broker on our list of forex brokers with a $100 minimum deposit in South Africa is AvaTrade. With just $100, South African traders gain exposure to a wide variety of market products on the AvaTrade broker site. It allows its traders to invest in CFDs on forex, stocks, commodities, indices, cryptocurrencies, ETFs, and bonds. This allows traders to spread their risk across a variety of markets. Further, the spreads offered by the broker are some of the lowest traders can access anywhere. They start from as low as 0.9 pips on major currency pairs with no commission charged.
Notably, this broker supports a variety of payment options for account funding. These include Wire Transfers, Credit/Debit cards, Skrill, Neteller, and WebMoney. Once a trader makes a deposit, they can invest in the various markets using a variety of market-standard trading platforms. On AvaTrade, clients have access to top-notch trading platforms, MetaTrader 4 and MetaTrader 5. They also have access to AvaTrade’s suite of platforms, AvaTradeGO, AvaOptions, DupliTrade and ZuluTrade.
Lastly, let’s see how AvaTrade is regulated in the market. This broker operates under the watchful eyes of the FSCA, the ASIC, the CySEC, the Central Bank of Ireland, and the FSCA, among others.
FxPro
Trading Forex and CFDs entail risk.
Your capital is at risk.
Next up is FxPro. This broker is regulated in South Africa by the FSCA and accepts a minimum deposit of $100. There are a variety of payment systems that traders can use to fund their accounts. These include bank wire transfers, credit/debit cards, PayPal, Neteller, Skrill and more. Once traders make a deposit, they gain access to a plethora of financial instruments.
In particular, the trading instruments include CFDs on forex, indices, futures, shares, and cryptocurrencies. The trading platforms available to use include cTrader, MetaTrader 4, MetaTrader 5, FxPro Mobile App, and FxPro WebTrader. FxPro’s trading fees are competitive and within industry standards. The Standard account offers spreads from 1.2 pips on major currency pairs. For lower spreads, the Raw and Elite accounts provide spreads from 0.0 pips but incur a commission of $3.5 per side per lot.
On regulations, FxPro operates under the supervision of a variety of financial authorities. These include the FSCA in South Africa, CySEC in Cyprus, and the FCA in the UK.
Markets.com
Trading Forex and CFDs entail risk.
Your capital is at risk.
Markets.com is a Forex and CFD trading platform that provides a variety of assets and features for traders. Established in 2009, it operates under the regulation of several authorities. The broker is regulated by the FSCA, the FSC in the British Virgin Islands, and the FSA in St. Vincent and the Grenadines. Additionally, it is authorized by top-tier regulators such as the FCA, ASIC, and CySEC. This regulatory background has allowed Markets.com to gain the trust of traders globally.
Notably, Markets.com offers over 480 tradable instruments. This includes CFDs on Forex pairs, indices, commodities, cryptocurrencies, shares, ETFs, and bonds. Traders can access these market products through user-friendly platforms such as MetaTrader 4 and 5. Additionally, the broker provides some of the lowest spreads in the market, starting from 0.8 pips for major currency pairs.
To start investing with this broker, traders need to deposit a minimum of $100. Deposits and withdrawals can be made using various methods, including credit/debit cards, wire transfers, and popular e-wallets such as PayPal, Skrill, and Neteller.
A $100 minimum deposit is a common entry point for many forex brokers, making it accessible to a wide range of traders. While numerous brokers meet this minimum deposit level, it is important to consider other factors that determine the quality of services offered by the broker. In this list, we highlighted brokers that excel in offering diverse market products, advanced trading platforms, competitive spreads, and robust regulation. These factors distinguish them in the crowded marketplace.
It's essential to remember that the best broker is subjective and depends on individual trading preferences and priorities. We encourage traders to carefully evaluate their needs and conduct thorough research before making a decision. Key considerations include regulatory status, available assets, trading costs, and platform features.