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To cover the costs of setting up an account and ensuring traders have adequate cash to open trades in their chosen market, online brokers need an upfront deposit. Minimum initial capitals required by various brokers vary from high several thousand dollars to as low as $1. Low-minimum-deposit brokers are especially ideal for new traders, as they provide rapid and easy entry to the financial markets. Since the forex market is volatile and full of risks, trading currencies with low deposits can keep risks low, which means it is easier for traders to test a real trading account before injecting a high amount of funds.To get more news about low minimum deposit broker, you can visit wikifx.com official website.
While capital requirements may differ, it is still critical to find a strictly regulated broker with powerful trading tools to help you succeed in forex trading. The following top 10 best forex brokers are great for all levels of traders but particular for forex beginners or novices who wish to step into the forex world with a low deposit funded.
Professional traders refer to those who want to earn larger profits in the forex markets.

As per some ranking lists and professional research, Interactive Broker (IBKR) suits professional traders who want to gain large profits most.

IBKR provides competitive spreads and low-commission-based pricing through advanced trading tools and more professional platforms across an extensive range of markets.

In addition to that, this broker also offers third-party research for professional traders.

What's more, Interactive Broker also offers margin borrowing which is only for seasoned or professional traders with a high-risk tolerance.
Nowadays, the vast majority of brokers will not charge commissions and will instead profit from wider spreads. Therefore, wider spreads mean high trading costs. Many forex brokers hype that they offer highly competitive spreads to attract brokers.

Many forex brokers offer multiple trading accounts for traders to choose from, then here comes the problem: how to choose a forex account? Trading accounts varies typically based on the trade size you want to make, so different accounts have a different minimum deposit amount ($100 or even less). The main forex account types are as follow:

Mini/Micro Accounts-suitable for traders with a small number of funds and can help them control risk.

Standard Accounts-they usually requires a minimum initial deposit of around $100-$500, chosen by most regular traders.

VIP/Professional Accounts-they are suitable for professional traders or institutions. VIP accounts often have a high minimum deposit requirement (about $10,000) and allow regular quantities to be traded. These accounts are often ECN accounts too.

Swap-free Accounts-also called Islamic accounts, for they are often used by Muslim traders who cannot incur interest fees due to their religious beliefs.
Choosing a broker that is simple to open an account with, requires a relatively low amount of capital deposit, offers generous leverage & advanced trading platform seems quite easy. Anyway, you can judge the pros and cons of a forex broker from the following aspects:

Regulation-This is the most important thing. Some top regulatory jurisdictions include ASIC (Australia), FCA (UK), CFTC /NFA (US)-any of these can render confidence that the broker is legit.

Trading Platforms-Industry-Recognized trading platform like MT4, MT5, cTrader.

Minimum Deposit-Usually a lower amount.

Ease of Withdrawal-You can withdraw your deposited funds quickly, easily, and without any fees.