When your just starting out, forex trading low minimum deposit websites are usually not a potential forex traders first priority. Why? Because they just do not know. They have no idea of the costs associated with each trade and instead kind of opt-in to fx trading websites that may have great reviews, or a link they encountered not knowing the costs associated. Good research into finding the right online broker will help both beginners and experienced traders keep costs down.
Each broker will either take a commission or spread from each trade. Most forex brokers will take a spread and not the commission. One thing to look out for is sometimes they will take both a spread and commission.
Some great forex trading low minimum deposit websites for beginners are:
Pepperstone - With their razor account your able to pay 0 commissions on your first 20 trades. Also they do not take out a spread after the 20 trades are over with. They will just take straight commission with 1:1 and 500:1 leverage also available.
InstaForex - Sports a low minimum deposit of only one dollar.
HotForex - Open an account with this great forex trading platform for beginners for only $5. Provides free proprietary software to analyze your trades in real time.
TurnkeyForex - Your able to open an account with a low $5 minimum deposit. Provides a $1000 deposit bonus as well.
FBS - Offers 5 different account types. Their Cent account allows traders to deposit only $1 to get started.
FXopen - Depending on what source you use to fund your account deposit as low as $1 using a WebMoney account. Use a credit or debit card and fund your account with only a $2 minimum deposit. Offers a 90 day cashback program for your first 90 days of trades as well.
Fibogroup - $0 initial deposit with many deposit methods. Only if a person uses Skrill or Neteller to deposit their account with will it require a minimum deposit of $50 and $10 respectively.
Many countless other forex trading low minimum deposit websites exist. The websites I mentioned above are not to say they are any better or worse than the other fx trading sites with low minimum or no deposits. The intent was just to give you an idea of the type of trustworthy sites available that offer low minimum deposits for fx trading.