10 Micro Account Forex Brokers USA 2022

This article will explore the micro account forex brokers in the USA.

An average of 8000 forex trading accounts are opened each day in the forex industry alone. Therefore, so many people want an advantage over their competitors, and open forex trading accounts sooner than they can.

It’s hard to believe that anyone would want an online broker that doesn’t exist yet. You would think there was no way to make a fool out of yourself by trading your first forex trade.

Many forex brokers are willing to join the cryptocurrency revolution. This means that we have more options for opening forex trading accounts.

You have likely heard that to trade cryptocurrencies, you must have at least $5,000. Although this may seem exaggerated on the part of crypto traders, it is something newcomers to this sector should remember when signing up for an account with an online forex broker.

We recommend that you do your research before entering the forex market. Check out our list of 2019’s Best Forex Brokers.

There are many brokers out there, and not all are the same. If you don’t understand what you’re getting into, how can you expect to succeed in forex trading?

What is a Micro Account in Forex?

For those who want to trade only a few currency pairs, a micro account forex brokerage can be the best solution.

It has low risk and high potential rewards. Rewards count forex brokerage allows you to trade a smaller amount at once and has low risk.

This is a great way to start forex trading or test the market before making a major investment.

List of Top 10 Micro Account Forex Brokers in the USA

This section will review the top 10 forex brokers that offer micro-accounts, and we will also provide information about the pros and cons.

Let’s first look at the steps to becoming a forex broker; how to Become a Forex Broker: What You Need to Know.

Before you can begin the process of becoming a forex broker, it is necessary to take at least one forex course.

To become a member, you must pass an extensive admissions procedure. This process can take anywhere from a few hours to complete depending on your education level and whether you are a customer or not.

#1. XM

XM, a leading financial technology provider, offers trading platforms, online trading software, and other financial services.

It is part of the Almsgold Group, a joint venture between Deutsche Bank and BNP Paribas. The XM platform focuses on liquidity and allows investors to trade assets around the globe and reduce their risk.

The platform is supported by an advanced trading infrastructure that allows high-speed, low-cost access to different markets and payment options.

#2. Oanda

Oanda was established in 2000 by the Indian and Hong Kong governments as a joint venture.

The company offers financial services to investment and research clients worldwide, including investments in currencies and bonds, commodities, funds, and other products.

Clients can track and manage their funds using the company’s software, including order management, performance tracking, and fund administration.

#3. FXOpen

FXOpen, a financial services provider, offers financial planning, investment, and advisory services to individuals and corporate clients.

Fidelity International is the wholly-owned subsidiary that runs the company, and Fidelity Network National Mutual Fund is the company’s flagship mutual fund service. Fidelity Brokerage and Fidelity ETFs are two other key offerings.

#4. FBS

Fidelity Brokerage Services is a wholly-owned subsidiary of Fidelity International. Fidelity Brokerage Services (FBS) provides brokerage services for fixed income, equity, and money market funds.

It also offers cryptocurrencies. FBS allows investors to manage and track their funds, including order management, performance tracking, and fund administration.

#5. FXTM

FXTM, a leading financial technology provider, offers digital trading platforms, investment management, and financial advice.

It is a fully owned subsidiary of BNP Paribas. FXTM allows investors to trade assets worldwide and reduce their risk.

The platform is supported by an advanced trading infrastructure that allows high-speed, low-cost access to many markets and payment options.

#6. HotForex

HotForex, a financial services company that provides full-service financial solutions, specializes in Forex brokers trading on virtual platforms (forex trading or Forex).

They provide better customer service via software solutions and webinars. 

In 2016, former American Express and Fidelity Brokerage Services employees founded the company. It is a fully owned subsidiary of BNP Paribas.

#7. OctaFX

OctaFX, a financial services company that provides full-service financial solutions, specializes in Forex brokers trading on virtual platforms (forex trading or Forex). They provide better customer service via software solutions and webinars. 

In 2016, former American Express and Fidelity Brokerage Services employees founded the company. It is a fully owned subsidiary of BNP Paribas.

#8. Pepperstone

Pepperstone, a financial services company that provides full-service financial services, specializes in Forex brokers trading on virtual currencies (forex trading or Forex). They provide better customer service via software solutions and webinars. 

Former American Express and Fidelity Brokerage Services employees founded the company in 2016. It is a fully owned subsidiary of BNP Paribas.

#9. FP Markets

FP Markets, a leader in financial technology, offers trading platforms, online trading software, and financial services.

It is part of the Almsgold Group, a joint venture between Deutsche Bank and BNP Paribas. 

Financial Professional (FP) is the main product of the company. Its financial professionals track and manage clients’ portfolios of mutual funds, exchange-traded funds, and ETFs.

#10. eToro

eToro, a Trading and Investment Platform, allows you to trade and invest in more than 60 different cryptocurrencies and tokens.

It has low trading costs and high liquidity. ETP Securities L.P. is the platform’s operator, and this subsidiary of ETP Group is also a wholly-owned shareholder. Elbit Systems Company is the parent company of eToro.

The creation of cryptocurrency has created a new market for digital assets. Although it’s still early in the industry, many prominent players have already jumped onto the cryptocurrency bandwagon.

These include Forex Brokerage Fidelity & Etrade and Cryptocurrency Investment Trusts such as Galaxy Trust.

The market has seen a flurry of new players. There is so much potential to grow and new players constantly being added that it’s not surprising that many people want to get an edge over their competitors and open forex trading accounts sooner than they should.

It’s hard to believe that anyone would want an online broker that doesn’t exist yet. You would think there was no way to make a fool out of yourself by trading your first forex trade.

We are fortunate that many forex brokers are willing to join the cryptocurrency revolution, so we have more options for opening forex trading accounts.