Choosing a broker has a big deal to reach successful trading. For beginner investors, they may start trading with minimum capital. Hence, they will choose the most appropriate and credible broker which matches their own capital.
Beginner investors still learn more about trading and afraid of biding much in investing their capital. One of the reasons is the chance is too risky as the loss of the trading activities. Therefore, beginner investors tend to bid the small amount of the capital to have less risk in trading.
Many foreign brokers have an interest in Indonesian traders. But mostly, some of the beginner investors still try their luck. Because of that, brokers try hard to catch up with the traders’ interest by expelling the affordable trading capital policy.
To be a trader nowadays, a professional is not a must to have the predict as its own job. A housewife or college student now can be a trader. For this reason, everyone can start trading by investing tens of rupiahs for a deposit.
In addition, there are some of the brokers who offer the policy without giving a minimum deposit. Practically, that policy makes the trader decide their own first capital. This may be a probability for traders starting with $1. Here are 7 Forex Brokers that you can choose to start trading.
1. JustForex
JustForex offers facility without deposit limit and maximal leverage up to 1:1000 (cent) to the cent account and 1:3000 (mini) to the mini account. This broker has a partnership with Indonesian local banks (BRI, BCA, Mandiri, and BNI), therefore the deposit and withdrawal transaction can be easier done.
2. Exness
Exness has no minimum limit for the deposit. There is a low spread and various leverage from 1:2000 to 1:unlimited for Asia. This broker is recommended for minim capital for the beginners.
3. LiteForex
LiteForex offers a minimum deposit of $10 and the leverage 1:500. This broker is much up-to-date with the technology because the features are much interactive. The signing up only takes for 3 minutes by using Facebook, Google+ or email as its finest. Furthermore, LiteForex gives free deposits by using all of the payments. Using promo ZERO Fees makes the investors get a transfer deposit fee to the account of each client.
4. Instaforex
Instaforex (instantly used) provides an easier administration and start trading. With a minimum deposit $1 and leverage 1:1000 and fixed spread from 3 pips, this broker can be one of the choices.
5. FXOpen
FXOpen is well-known as a forex broker which can be micro and swap-free (interest fee). This trader gets only a minimum deposit from $1, leverage up to 1:500 and also a competitive spread. This broker also offers a referral bonus of up to 25%.
6. FBS
FBS offers various accounts which suitable with the trading needs and investment. Fixed-rate to the broker in 10.000 IDR/USD, so that the minimum deposit starts from $1. In addition, this broker offers the benefits of a low spread.
7. XM Global
XM offers a micro account with a minimum deposit of $5. A spread is only 1 pip to the main pairs. This broker is supported by the leverage feature from 1:1 up to 1:888 and the transfer can be easily done from local banks.