Here is our list of the top brokers offering Micro Accounts.
Broker | Features | Broker Reviews | Visit |
 | * 1:1000 leverage * 210+ instruments * $15 min. deposit * Free education | ||
 | * 1:1000 leverage * 1200+ instruments * $50 min. deposit * Tight spreads | ||
 | * 1:888 leverage * 1000+ instruments * $5 min. deposit * Free market analysis | ||
 | * 1:500 leverage * $100 min. deposit | ||
 | * 1:1000 leverage | ||
 | * Low deposit | ||
 | * 1:1000 leverage | ||
 | * 1:500 leverage * 1000+ instruments * $200 min. deposit * Crypto CFD trading | ||
 | * 1:500 leverage * 800+ instruments * $ min. deposit * African broker | ||
 | * 1:500 leverage * 80+ instruments * $200 min. deposit * Excellent support | ||
 | *1:500 leverage | ||
 | * Cryptotrading * Great accounts | ||
 | * 1:500 leverage * 300+ instruments * $50 min. deposit * Great support | ||
 | * 1:2000 leverage * 140+ instruments * Great bonuses | ||
 | * 1:1000 leverage * 130+ instruments * $5 min deposit * Raw spreads | ||
 | * 1:1000 leverage * 200+ instruments * $1 min. deposit * Copy trading | ||
 | * 1:400 leverage |
What Is A Micro Account?
A micro account is an account that you can use to trade micro-lots equivalent to 1,000 units of the base currency or asset. This means that instead of trading a full unit, you can trade smaller amounts and speculate on the price of a trading instrument without risking large amounts of capital.
Why Trade With A Micro Account?
- Better Training – Micro accounts are also a great choice for new traders who are still learning about the for market. This is because they offer a kind of a transitional stage between demo accounts and standard live trading accounts. They make it easier for you to gain experience and get used to operating in a live trading environment.
- Small Budgets – Micro accounts are a great choice for intermediate traders. This is because they allow you to start trading using less budget and a smaller minimum deposit. They also allow you to make smaller, less risky trades. This is important when you’re still learning how to create more robust trading strategies and better manage your risk.
- Better Testing – Micro accounts are also great for experienced traders who want to test new trading strategies. This is because they allow you to implement your trading strategies on a smaller scale and try out new trading tools with less risky trading conditions.
How To Choose The Best Micro Account Broker
- Low Minimum Deposits – One of the main advantages of trading with micro accounts is that they offer easy market access. To keep things simple, look for forex brokers that offer low minimum deposits and convenient payment options. This will enable you to learn how to trade without risking too much capital.
- Low Trading Costs – One of the other main advantages of trading with micro accounts is that they require less initial budget. To keep your costs low, look for forex brokers that are offering good trading conditions and tight spreads. This will enable you to reduce your trading costs and keep more of your profits.
- Secure Trading Environments – One of the top priorities for all new traders should be on finding a reliable, licensed forex broker. This is because they offer better trading conditions and are more likely to treat you fairly. To keep your money safe, look for licensed brokers that are offering good client fund protection.
To find out more about the best forex brokers in Nigeria, take a look at our forex broker reviews. To learn more about the latest forex promotions check out out blog.