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Getting started

How much money do I need to start trading forex?

Short answer: Technically very little: many brokers accept $10–100. But a useful starting amount is whatever lets you risk around 1% per trade at sensible position sizes. For most people that’s somewhere between $500 and $2,000, and only money you can afford to lose.

Minimum deposit vs a workable balance

A broker’s minimum deposit is just the entry ticket. Many of the brokers we track accept $0–100. What matters is whether your balance lets you trade sensible sizes without risking too much on any one trade.

The 1% rule, in numbers

Account1% risk per tradeWith a 20-pip stop on EUR/USD, position size
$200$20.01 lots (micro)
$1,000$100.05 lots
$5,000$500.25 lots

Below about $500, even micro lots make it hard to keep risk to 1% with a sensible stop. That’s why so many small accounts end up over-leveraged.

Start with a demo, then small

  • Use a demo until you can follow your own rules. See how long to use a demo account.
  • Start live with money you’d be fine losing entirely.
  • Check the broker’s micro-lot support and minimum trade size.

Filter brokers by minimum deposit on our compare page.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Brokers

Brokers that fit this question

Pepperstone
Best overall
91.78 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$8.00
Regulator
CySEC 388/20
Pepperstone: Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.74.1% of retail investor accounts lose money when trading CFDs with this provider.73.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider.Trading CFDs and FX carries significant risk and is not suitable for everyone. You have no interest in the underlying asset. Full risk warning
FxPro
No-dealing-desk execution
81.84 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$9.00
Regulator
CySEC 078/07
ActivTrades
Best platform
77.68 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$7.00
Regulator
CMVM 433
Pepperstone
Best overall
91.78 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$8.00
Regulator
FCA 684312
Pepperstone: Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.74.1% of retail investor accounts lose money when trading CFDs with this provider.73.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider.Trading CFDs and FX carries significant risk and is not suitable for everyone. You have no interest in the underlying asset. Full risk warning
FxPro
No-dealing-desk execution
81.84 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$9.00
Regulator
FCA 509956
ActivTrades
Best platform
77.68 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$7.00
Regulator
FCA 434413
Pepperstone
Best overall
91.78 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$8.00
Regulator
ASIC 414530
Pepperstone: Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.74.1% of retail investor accounts lose money when trading CFDs with this provider.73.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider.Trading CFDs and FX carries significant risk and is not suitable for everyone. You have no interest in the underlying asset. Full risk warning
XM
Lowest entry
77.57 / 100
Minimum deposit
$5
All-in cost / lot, EUR/USD
—
Regulator
ASIC 443670
AvaTrade
Best for beginners
75.61 / 100
Minimum deposit
$100
All-in cost / lot, EUR/USD
$9.00
Regulator
ASIC 406684
Pepperstone
Best overall
91.78 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$8.00
Regulator
SCB · DFSA · CMA
Pepperstone: Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.74.1% of retail investor accounts lose money when trading CFDs with this provider.73.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider.Trading CFDs and FX carries significant risk and is not suitable for everyone. You have no interest in the underlying asset. Full risk warning
FxPro
No-dealing-desk execution
81.84 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$9.00
Regulator
SCB
ActivTrades
Best platform
77.68 / 100
Minimum deposit
$0
All-in cost / lot, EUR/USD
$7.00
Regulator
SCB · FSC (Mauritius) · BACEN/CVM (Brazil) · CMA (UAE, introducing licence)

Licensed entities only. Cost and regulator are for the region shown. Brokers may pay us when you open an account; that never moves a ranking.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 53% and 80% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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