Forex broker

Anyone can suggest forex broker that I can use. There’s a lot of broker there and I really don’t know which to choose. Have read a lot of bad news on every broker. I need to open a mini account $100 using paypal, using metatrader, and low spread.

I use ac-markets, they are a Swiss broker that has won several awards, but you need 2000 for a mini account�. I think your profits with just 100 will be tiny, and you might lose it all in a couple of trades�. That is just my opinion.
But I�ve heard of broker working with so little deposit, and I�m sure some of them were reviewed here: look for threads of brokers to see if u found one.

best bet is to use Oanda. They don’t have any fixed lot size and you can open an account with as little as $1. They offer paypal too.

I’ve used them for about 2 years and haven’t had a problem with them.

I second that. I’ve been with Oanda for 1.5 years and started with just $50. They’re the best broker for people with small accounts!

100 will be tiny. How much do you suggest FXJHONNY?

Your profits will be tiny at first, but if $100 is all you can afford there’s no reason not to go for it.

If you can make a 2% return per week (which is not hard to do) even $100 can compound up to a million in 9 years.

And if you go with a broker that allows fractional lots, like IBFX, or one that has no fixed lot size like Oanda you don’t have to worry about losing it all in a couple of trades.

It would be interesting to see how much you could make from 100!! I started with a relatively low amount at the beginning of this year, and it is actually very exciting to see that amount of money become bigger and bigger as time goes by. I wish you the best goodmas3r!

I’ve heard of a new broker called BasicFX thats supposed to have a low initial deposit requirement, when the brokerage company opens. Has anyone else ever heard of it?

I did not hear of them.
There is always a new broker who opens up a new shop. My suggestion is go with a broker that is a while in business and lots of people are using it. Oanda has very little requirements and you can deposit any amount.

on second taught: Bernie " Made Off " was a long time in “business” too :smiley:

What I mean is that you can�t make a decent profit from just 100, and else if you have a couple of bad breaks you are out, aren�t u??
I think that 2000 is ok (I started with the standard account: 5000)� it can give you dcent money and very important, it covers you from bad strikes !!! I would feel insecure with so little back, u know what I mean? But well, ive never trade with that kind of account so I cant say for real�.

that account of 1$ is the most stupid thing I have ever heard in my entire life!!! It costs more to fill the car with oil to get to the bank that what you�ll make!!! You can�t even buy an euro with that!!! :stuck_out_tongue: