Offers two ways to trade: Forex, CFDs
The Ultimate Guide to
Choosing a Broker
For Micro Accounts
Not sure which broker is right for you?
Don’t worry - we’ve got you covered. In this guide, you’ll learn:
- Why ATFX Global Markets scored high for micro accounts (Jump to section)
- Who ATFX Global Markets is (and isn’t) suitable for (Jump to section)
- An in-depth feature comparison of the top #3 brokers (Jump to section)
- An overview on micro accounts (Jump to section)
What is the Best Trading Platform
for Micro Accounts?
ATFX Global Markets scored best in our review of the top brokers for micro accounts, which takes into account 120+ factors across eight categories. Here's the full list of all the brokers we considered.
The following brokers allow micro accounts on their platform:
- ATFX Global Markets
Here are some areas where ATFX Global Markets scored highly in:
- 4+ years in business
- Offers 57+ instruments
- A range of platform inc. MT4, Mac, Web Trader, Tablet & Mobile apps
- 24/7 customer service
- Tight spreads from 0.5 pips
- Used by + traders
- Allows hedging
- 2 languages
- Leverage up to
ATFX Global Markets offers two ways to trade: Forex, CFDs. If you wanted to trade EURUSD through copy trading or other means, skip to part two.
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
ATFX Global Markets have a B trust score, which is low. This is largely down to them being regulated by CySEC, segregating client funds, being established for over 4 years, and much more. For comparison:
Trust Score comparsion
|ATFX Global Markets|
|Uses tier 1 banks|
|Segregates client funds|
The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.
Who ATFX Global Markets is (& Isn’t)
As mentioned, ATFX Global Markets allows you to trade in two ways: Forex, CFDs.
- CFD Trading
- Forex Trading
To trade with ATFX Global Markets, you'll need a minimum deposit of $100. ATFX Global Markets offers a range of different account types for different traders including a micro account, mini account, and vip account.
ATFX Global Markets offer over 57 instruments to trade including forex pairs, indices, and many other asset classes. In the following section we’ve listed ATFX Global Markets’s spreads for a range of popular instruments. You can also see a more detailed breakdown of how ATFX Global Markets’s spreads compare in this ATFX Global Markets review
Finally, ATFX Global Markets isn't available in the following countries: DPRK, Canada, Iran, Japan, Brazil, Mexico, Turkey, Cuba, Sudan, Syria, USA, Bosnia and Herzegovina, Ethiopia, Iraq, Sri Lanka, Trinidad and Tobago, Tunisia, Vanuatu, Yemen.. They do not offer islamic accounts either.
A Comparison of ATFX Global Markets vs. vs.
Want to see how ATFX Global Markets stacks up against and ? We've compared their spreads, features, and key information below.
Spread & fee comparsionThe spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
|ATFX Global Markets|
|FTSE 100 Spread|
Comparison of account & trading features
|ATFX Global Markets|
|Accounts offered||Micro account, mini account, standard account, VIP account|
|Platforms||MT4, Mac, Web Trader, Tablet & Mobile apps|
|Risk management features||Limit order, take profit, entry order, one click trading, trailing stops, price alerts, limited risk account and negative balance protection|
|Funding methods||Credit cards, Bank transfer, American Express, MasterCard,|
Forex trading with micro accounts
The demand for micro accounts when trading forex is particularly high with new traders. Mini and micro accounts have remained an essential part of the forex trading business, and that is why a majority of brokers provide them.
Trading forex with a micro account makes it possible for traders to start trading with a smaller amount of capital and with higher leverage, depending on the broker. Traders also sometimes use micro accounts to try out new brokers with a live account whilst minimising the risks.
With micro accounts traders can open trades with contract sizes starting from 1,000 lots rather than the larger 100,000 standard lot. This allows traders to refine their trading strategy with smaller deposits before moving to larger account sizes.
With smaller micro accounts the leverage offered by brokers is often larger, however this can be a double edged sword amplifying both profits or losses.
What is a Micro Trading Account?
Micro account have minimum trade sizes starting at 0.01 lots. This is what makes micro accounts a popular choice for traders with lower deposits as it allows them to make more trades while they are still refining their trading strategy. 1 micro lot is equal to 10 cents per pip vs a 10$ per pip with a standard account.
We have compiled a top five list of top regulated brokers that offer accounts to make micro traders (1,000 lot contract size).
1. BrokerNotes’ Popular Micro Account Broker: AvaTrade
Avatrade gets credit as the broker that brought digital currency trading into the market. It is also among the first brokers to introduce CFD trading. The requirement for a minimum deposit is £100 with a trading maximum leverage of 400:1. Traders can make deposits through wire transfer, Neteller, Paypal, or credit cards. The broker facilitates trading on the AvaTrade platform, which offers various features and customisation options. When trading forex, a trader does not have to pay for the advanced trading tools, just the spreads. There is also the availability of the platform on mobile devices. The Ireland-based broker operates under EU regulations.
The minimum deposit a trader needs to open a live account with ETX Capital is £100, and there is only one account type available; the standard account. There is a demo account as well that traders can use before opening a live account. The broker offers competitive spreads with a 400:1 leverage and lot of 0.01. Traders have access to three trading platforms; TraderPro, MT4, and ETX Binary. ETX Capital is a forex and CFDs broker with licensing from the FCA in the UK. More than 5,000 markets are available for traders, which include currency pairs, shares, and indices.
LCG has been operating since 1996 and is FCA regulated. One of the reasons traders prefer it is because its holding company is traded publicly on the London Stock Exchange. £1 is the minimum deposit that a trader can put in. Trading is on the MT4 platform with 39 currency pairs, indices, and commodities. The maximum leverage for trading forex is 300:1. Payment methods supported by the broker include Skrill, Paypal, and major credit cards. LCG includes low commission charges in the spread when trading and traders don’t get hidden fees. It offers one account type and demo.
The minimum deposit requirement when trading with Plus500 is £100. Traders can deposit funds through wire transfer, Moneybookers, Visa, or MasterCard. There is a welcome bonus of £20 on all account; live or demo. The broker is listed on the LSE. Clients can access a trading platform that provides real-time analyses and allows trading in multiple markets. There are other features available that traders can use when making their trading decisions. Plus500 is not available to US clients.
eToro is not a conventional broker. The focus is more on education and attracting new clients. There are videos available that cater to different skill levels. One element that sets the broker apart is the OpenBook platform that traders use to learn from other traders. Clients with minimum experience can look at how their experienced counterparts operate and copy their trading patterns. It is what is known social trading. The minimum trading amount is $50 with a maximum leverage of 400:1. The maximum leverage for US clients is 50:1. Traders can use the common payment methods for deposits such as wire transfer and credit cards.
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