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Forex Brokers With $5 Minimum Deposit

The forex market has an average daily trading volume of $6.6 trillion. This massive trading volume makes the forex market very attractive to both retail and institutional traders. There are so many retail traders that must trade through a broker. Every broker will have a minimum amount that must be deposited by a trader in order to live trade the forex market. Sometimes, a broker’s minimum trading deposit could be $100 or even $500. In most African countries, a trader may not be able to easily spare $100 to fund one live trading account. Fortunately, there are regulated brokers in South Africa that has a very small minimum trading deposit for forex traders which could be as low as $5, $10, or even $1.

Should You Trade Forex With a $5 Account?

It is a good idea to test out the forex market with a small live trading account before adding more trading capital in the future. In this case, a $5 trading account could be very beneficial but your potential profit is limited due to the small account size. Also, on a $5 account, it is hard to implement a proper risk management plan. Professional traders usually aim to risk only a small percentage (about 1-3%) of their account on every trade.

Also, it is a good trading practice to always set a stop loss which is usually measured in pips and the minimum lot size with most brokers is a micro lot, wherein each pip is worth approximately 10 cents. With a $5 account, it is nearly impossible to place a trade that the risk (value of stop loss zone) is worth only a small percentage of the total account value. In simple terms, $5 may be too small a trading capital to implement proper money management. Additionally, many brokers offer for a higher first deposit amount pro accounts which are featuring smaller fees and more convenient trading conditions.

Forex Brokers With A $5 Minimum Deposit

Trading Forex and CFDs entail risk.

Your capital is at risk.

🏦 Regulation: FSC, ASIC, CySEC 💰 Spreads: as low as 0.6 pips
⚖️ Max. leverage: 1:1000 ▶️ Min. deposit: 100 ZAR/5$
📊 Forex pairs: 55 🔎 Welcome Bonus: Yes, 30$ No Deposit is a popular broker that operates across different countries including South Africa. This broker is regulated by CySEC in Cyprus, and ASIC in Australia, and also operates in South Africa via an entity licensed by the FSC in Belize. South African traders can trade with a zar account with and spreads are fairly tight starting from as low as 0.6 pips. Also, allows traders to use popular trading platforms like MT4 and MT5. Traders in South Africa have access to trade 55 forex pairs including some ZAR pairs like the USD/ZAR and EUR/ZAR. also has a no-deposit bonus of 560 ZAR that it offers to new clients in South Africa. Though you can not withdraw this bonus, you can definitely withdraw all profits made while trading this bonus capital. is the only trustworthy broker with a minimum deposit of $5 (equivalent of roughly 100R) that we could find. Though, there are others with minimum deposits as low as $1 and $10.

Forex Brokers With A $0-10 Minimum Deposit


Trading Forex and CFDs entail risk.

Your capital is at risk.

🏦 Regulation: FSCA, CySEC, FCA 💰 Spreads: as low as 0.3 pips
⚖️ Max. leverage: 1:Unlimited ▶️ Min. deposit: 190 ZAR/10$
📊 Forex pairs: 107

Exness has a minimum deposit of $10 which is still an affordable amount for a trading account. As a reputable international broker, Exness is regulated in South Africa by the FSCA, in the United Kingdom by the FCA, and in Cyprus by the CySEC. Spreads start from as low as 0.3 pips. There are over 160 trading instruments available to South African traders. These financial instruments range from forex, stocks, indices, cryptocurrencies, and commodities.

Exness allows South African traders access to 107 forex pairs including 9 currency pairs with the South African rand. These zar pairs are CHF/ZAR, AUD/ZAR, DKK/ZAR, EUR/ZAR, ZAR/JPY, GBP/ZAR, TRY/ZAR, USD/ZAR, and NZD/ZAR. South African traders can trade the forex market with popular trading platforms like MT4 and MT5. Also, Exness has both standard and professional accounts. The minimum deposit on the standard accounts starts from $10 while professional accounts which have even better trading conditions have minimum deposits starting from $200.


Trading Forex and CFDs entail risk.

Your capital is at risk.

🏦 Regulation: FSCA, IFSC, FCA, KNF, CySEC 💰 Spreads: as low as 0.5 pips
⚖️ Max. leverage: 1:500 ▶️ Min. deposit: No minimum deposit
📊 Forex pairs: 57

XTB has a minimum deposit as low as $1 which is an attractive offer to South African traders. This broker is regulated by the FSCA in South Africa, CySEC in Cyprus, and FCA in the UK. Spreads with XTB start from as low as 0.5 pips. There is access to trade over 1500 instruments, 57 of which are forex pairs including major, minor and exotic pairs. With so many forex pairs, you are very likely to find your favorite currency pair including zar pairs like the GBP/ZAR, USD/ZAR, and EUR/ZAR.

XTB has its own trading platform called xStation5 which can be used by both beginner and experienced traders. Apart from spreads, commissions are another trading cost that many brokers charge traders. With XTB you are not charged commission fees when trading forex, indices, and commodities. Apart from forex, XTB allows South African traders to trade other financial instruments like CFDs on stocks, commodities, indices, cryptocurrencies, and EFTs.

Benefits Of A Minimum Trading Deposit As Low As $5

Affordability For The Budget-conscious Trader

It is no secret that the forex market has huge money-making potential. In order to remove the entry barrier to forex trading, some brokers are thoughtful enough to allow small trading deposits as low as $5. This makes forex trading so affordable that almost everyone that is serious about trading can comfortably pay the minimum trading deposit.

It is important to note that most times a broker with a $5 minimum deposit account may also have other account types with a minimum trading deposit as high as $500 which is ideal for more established professional forex traders. it is advisable for traders in need of a $5 minimum deposit account to double-check that they are opening the right trading account.

Live Trade New Strategies With Minimal Trading Investment

Professional traders have the habit of backtesting and/or demo trading every new trading strategy. Thereafter, there is the need to trade those new strategies in real live market conditions. A trading account with a minimal deposit as small as $5 can be very useful in order to avoid investing too much capital in a new strategy. Due to the low minimum deposit, it is easy to fund many live trading accounts for different trading strategies.

This helps professional traders save time as they can easily live-trade many new strategies and get results for all strategies within the same timeframe. With a $5 minimum deposit, a forex trader is not compelled to invest a lot of money into a new trading strategy and also has the chance to build up belief in the new strategy which will in turn create great trading psychology.

Minimal Capital Risk For New Traders

The reality of forex trading is that there are more losing traders than profitable traders. Consistently losing traders are mostly new to the forex market and are struggling with common trading problems like constant strategy switching, lack of risk management, and poor trading psychology. If you are new to the forex market, there is a very high probability that you will lose some or all of your first live trading account, especially if you don’t have appropriate trading education from a consistently profitable mentor.

In this case, it may be a great idea to start with a trading account that has a minimum deposit of as low as $5. Though, you may decide to start with a trading deposit that is higher than $5 in order to effectively practice proper risk management. There is no issue starting with a small trading account as you can always add more trading capital as soon as you are more comfortable with your live trading results.

FAQ on SA Forex Brokers with a minimum investment of 5 USD

What is the minimum amount I can start trading with?

The minimum amount you can start trading with will vary across different forex brokers. Most reputable and regulated forex brokers are usually transparent about this and will display the information on their websites. Fortunately, traders in South Africa have access to regulated brokers that offer minimum trading deposits as low as $5, $10, and even $1. In this article, we have stated XM as a reputable broker with a $5 minimum trading deposit. Also, XTB and Exness have a minimum deposit of $1 and $10 respectively.

Which forex brokers has the lowest minimum deposit in SA?

There are quite a number of brokers in South Africa with low minimum deposits. From our research, XTB and Pepperstone are at the forefront of fair brokers in South Africa with an incredibly low minimum trading deposit of $0. However, if you wish to follow proper risk management and risk only a small percentage of your trading account per trade, you will most likely need an initial trading capital that is worth more than $1 or even $5.


The forex broker you choose to trade with will greatly impact your trading career. It is great to always trade with regulated brokers but many times traders have more specific trading needs that go beyond a broker’s regulatory status. A very common need of traders is to have access to a regulated broker with a small trading deposit of as low as $5, $10, or even $1. Traders in South Africa are fortunate to have regulated brokers that have trading account types with very small minimum deposits.

It is important to note that forex trading is risky and it is advisable to acquire appropriate trading knowledge and apply proper risk management in order to avoid massive losses in the forex market. It is also advisable that you conduct your own independent research on a broker before you decide to trade live capital with them. Also, feel free to demo trade with your chosen broker before investing live money with them.