Starting a Nano account may be useful to you, here are the top brokers that offer Nano accounts in their services。

If you are just starting to trade in the currency market, opening a nano account, which is an account with a smaller lot than a micro account, may be an excellent choice for you.。

• Standard: 1 hand
  Mini: 0.1 hand
  Miniature: 0.001 Hands
  Nano: 0.0001 Hands

The main purpose of nano accounts is to allow traders to enter the currency market without risking a lot of money。Although this also means less profit, the point is to use this account as a way to practice and focus more on your growth and improvement as a trader。

In addition, the nano account is more worth trying than the demo account, because it can bring real profits。

Brokers offering nano accounts

There are not many forex brokers offering such accounts today, and in the past there were more, but it turns out that this size is not always a good deal for brokers。Still, these brokers keep their nano accounts。

1. OANDA

Founded in 1996, OANDA is part of OANDA Corporation, a leading company based in San Francisco, United States, regulated by several jurisdictions including the CFTC and NFA.。OANDA has opened branches in Britain, Singapore, Japan, Canada and other places。

The broker is known for its unlimited lots, traders can trade with the smallest possible number of lots。In addition, OANDA is a commission-free broker with a minimum initial deposit of $1, ideal for novice traders.。

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OANDA offers 5-digit accuracy quotes and active price movements that follow market developments, as well as a very rapid execution speed.。Unlike brokers that use other lots, OANDA provides a thoughtful service to novice traders because it can use a currency value-based calculation system for smaller trading volumes。

OANDA was founded in 1996 by Dr. Michael Stumm, Lecturer in Computer Engineering at the University of Toronto, Canada, and colleagues at The Olsen Ltd, one of the leading econometric research institutes..Co-founded by Dr. Richard Olsen and headquartered in San Francisco, USA。

OANDA branches can be found everywhere, some in the UK, Singapore, Japan and Canada。With the distribution of the number of offices, OANDA increasingly attracts the attention of global customers。

OANDA's companies are registered in a number of well-known jurisdictions in the field of financial transactions and are regulated by the US CFTC and NFA, the UK FCA, and ASIC Australia.。Traders no longer need to worry about security when trading at OANDA, and these advantages make OANDA's trading rules more stringent than other brokers。

For example, OANDA only allows a maximum leverage of 1: 20 because U.S. and Japanese regulations do not allow higher leverage than that。In addition, the registration process will be more complicated as other forex brokers do not have various additional requirements。Please note that OANDA does not allow hedging in the same trading account, so another account must be opened。

Nevertheless, OANDA is known as a leading broker and offers many advantages。OANDA faces greater market risk during periods of price volatility, such as economic and political news announcements。When market spreads increase or decrease, the pricing engine expands or reduces spreads accordingly。In this way, traders can be more quickly updated on market price movements。

Especially when news releases have a significant impact on market volatility, prices in the market can move very quickly。Brokers often serve their clients by re-quoting at this time, however traders do not have to worry about additional fees when trading with OANDA。

OANDA never withdraws re-quotes, so traders get maximum profit。When traders cannot monitor open positions, they can set take profit orders to lock in profits and stop loss orders to help prevent further losses。

As an experienced and well-known online forex broker, OANDA is committed to maintaining an efficient trading environment, reducing latency and providing tools to help clients manage acceptable slippage。

With OANDA's fast and reliable platform, trading is possible at 0.Execute in 012 seconds, suitable for traders who prefer execution speed。

As a result of this thoughtful service, OANDA has won many awards, including the world's best retail foreign exchange platform award in the prestigious e-FX awards, and was also ranked first in terms of consistency, execution speed and platform reliability in executing transactions on quote。

There are no minimum deposit or minimum balance requirements for opening an OANDA account。OANDA offers multiple payment methods, including Paypal, wire transfer, credit and debit cards, which traders can adjust to the region they live in。

OANDA offers more than 100 trading instruments, including 71 currency pairs, 16 indices, 8 commodities (Brent, copper, corn, natural gas, soybeans, sugar, etc.), 6 bonds and 23 metals.。

The fxTrade and MetaTrader platforms are available on OANDA for desktop and mobile devices and have OANDA technical analysis services in collaboration with Autochartist technical analysis providers。

With these platforms, customers can more easily monitor price movements and automatically identify patterns created on charts and receive notifications when waiting patterns appear. The technology is free to try。

In short, OANDA is the ideal broker backed by years of experience, fast execution, and is a good choice for those looking for a broker with good regulation and flexible trading and deposit conditions.。

2. InstaForex

InstaForex has been present since 2007 as a division of the Russian-based InstaForex group of companies and currently has more than 2 million customers in 50 countries (mainly in Europe and Asia).。Thanks to its young, dynamic and professional board and team, this number will continue to grow with the positive image established by InstaForex。

The broker offers cent accounts with nano lots as small as 0.0001 lots, the account is aimed at novice traders and traders who want to test their trading strategies without taking high risks。All account types (including cent accounts) offer leverage ranging from 1: 1 to 1: 1000。

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InstaForex is an international broker offering trading services to traders worldwide。Since its inception in 2007, InstaForex has served up to 7 million traders from various countries.。InstaForex, headquartered in Kaliningrad, Russia, is always committed to improving the quality of the company in order to attract the hearts of customers。

InstaForex's efforts are there for all to see, and one of them is winning various awards, including the 2018 Best Forex Cryptocurrency Trading Platform from the UK Forex Awards, the 2018 Best ECN Broker in Asia from IBM, the 2018 Eastern European Forex Broker of the Year Award from Lee, the 2016-2017 Financial Olympus Fonti Award, Development Award and Success Award, among others.。

InstaForex offers 4 types of accounts that represent a common trading tool that helps to operate on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard and Cent.Eurica。The type of trading account varies depending on the method of calculating spreads and commissions and is selected by the account opening trader。

Insta.Standard accounts are linked to standard trading terms on the Forex market and allow trade settlement using classic spreads with no fees。Traders are charged a fixed spread every time they make a trade, with a spread range of 3-7 points。The main advantage of this type of account is its versatility, as the trader can change the trading leverage and use the convenient trader's deposit size。

with Insta.Standard account is different, Insta.The Eurica account does not need to pay any spreads when opening positions.。Therefore, such InstaForex account is suitable for a minimum trading volume of 0.01 hands of a beginner trader。

InstaForex also has other types of accounts, namely Cent.Standard and Cent.Eurica, available for beginners because they can use the smallest trading volume, which is 0.0001 lots (cost per lot is 0.1 cent)。The deposit currencies available to traders are EUR and USD (for all types of accounts)。

Trading at InstaForex is taken for granted as traders can choose to trade with leverage between 1: 1 and 1: 1,000。Since the minimum initial deposit requirement is only $1 (for all types of accounts), InstaForex customers have the opportunity to receive a 30% to 100% deposit bonus。

Not only that, beginners will not be confused when determining a forex trading strategy because the ForexCopy service provided by Instaforex allows traders to copy orders from professional traders in just a few minutes。

In addition, InstaForex provides traders with about 300 trading tools, in addition to currency pairs, there are futures, stocks, gold, silver, CFDs, Bitcoin, etc.。

Every InstaForex client is free to choose the trading platform that suits their needs。There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4 and MetaTrader5, each with advantages and disadvantages。InstaForex also offers video tutorials on how to register on each platform with the aim of making it more convenient for beginner traders who want to join InstaForex。

If traders are still confused after watching the video tutorials, traders can reach out to customer service 24 hours online via various social media including email, Skype, Whatsapp, Telegram, Viber, Twitter and phone。About 30 languages are available on the InstaForex website to facilitate traders from different countries。

Traders can also use the trading calculator available on the InstaForex website to help themselves and can accumulate currency pairs, leverage, trading volume and currency used。

InstaForex also has a variety of payment systems, with traders paying for deposits via Visa, Mastercard, Skrill, Neteller, PayCo and wire transfers.。All in all, InstaForex is a comprehensive broker for many types of traders。

3. Alpari

Alpari is one of the best-known forex brokers since its inception in 1998, with more than $1 trillion in transactions in 2015.。By the end of 2015, its branches had successfully served more than 1 million clients in more than 150 countries around the world, and the broker was also known for its various trading competitions.。

Alpari offers a variety of account options that can be adjusted according to the needs of traders, one of which is the MT4nm account, which provides 1: 500 leverage, which can be affordable for any new trader。

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Alpari International, one of the largest Forex brands, strives to ensure that traders make the best trading and investment decisions。Alpari was founded on December 24, 1998, by a small group of people who wanted to start a financial business in one of the most economically unstable years in Russian history.。

In 20 years of experience in the Forex industry, approximately 2 million traders have chosen Alpari as a broker to trade with.。Alpari is headquartered at 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius。The company is regulated in Saint Vincent and the Grenadines (license number 20389 IBC 2012), Belize IFSC (license number IFSC / 60 / 301 / TS / 18)。

The broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools and an easy-to-use interface。To boost trading volumes, the company also offers the Alpari International Direct platform, which offers enhanced features for senior investors.。

The company offers a range of real trading accounts to choose from.。Each offers different opportunities and allows traders to trade in different ways。All their accounts use USD, EUR, GBP and NGN as base currency options。However, NGN accounts are only available to customers in Nigeria。

Each account has a different spread, with standard accounts offering spreads from 1.2, the spread of micro-accounts from 1.7, ECN accounts and professional accounts spread from 0.4。Traders can open an account in Alpari and choose to trade currencies (forex major currencies, forex minor currencies, forex exotic currencies and forex rubles), spot metals, spot commodities, stock trading, spot indices and cryptocurrencies。

Traders can know the minimum spreads, pips, swaps and trading time periods for each instrument before starting trading.。If traders are still not sure where to start, they can find the answer in the guide available on the official Alpari website。

Their trading guides are designed to break down terms and answer traders "most common questions。Traders will soon be able to trade faster and with more confidence。

Alpari also offers PAMM (Percentage Allocation Management Module), which allows traders to select the account manager they want.。This gives traders the opportunity to make more profit without advanced knowledge of forex trading, managers often have extensive market experience with tried and tested strategic trading decisions。

The program also offers experienced traders the opportunity to become forex master traders。As forex master traders, they can use their trading experience to earn more from profitable trades, have access to Alpari's premium projects and all the tools needed to train a large number of investors。Investors will then help forex master traders earn more with commissions of up to 40%。

Their website also offers a variety of forex trading strategies。In order to increase the chances of profit, it is important to know as much as possible about the market and the trading strategies behind it。Alpari believes that strategies provide traders with a roadmap for trading, reducing the panic decisions that can occur on the spur of the moment。In other words, trading at Alpari allows traders to understand any type of forex trading strategy。

For educational purposes, the company offers trading webinars, a variant of technology that allows users to host seminars, talk shows and discussions online without having to meet face-to-face.。

Alpari creates a very convenient money and withdrawal experience for every trader。Traders can transfer money by any means, such as electronic payments (e.g., FasaPay, local transfers, TC Payment, etc.), credit cards (Visa, Mastercard, and Maestro), e-wallets (Neteller, Skrill, VLOAD, TC Pay wallets, WebMoney, Perfectmoney, Bitcoin), and bank transfers。An inactivity fee of €5 / USD / GBP will be charged if there has been no trading activity in the trader's account for at least 6 months。

All background transfers are processed during standard business hours, Monday to Friday 03: 00 - 19: 00 GMT + 2 (GMT + 3 during daylight saving time)。If traders are still confused, they can contact Alpari's team by any means, such as live chat, telegram or email。

4. FXOpen

FXOpen is part of FXOpen Markets Limited and was originally established in 2005.。Once launched, FXOpen was immediately welcomed by traders as it offers Forex and CFD trading services with low margin, transparent trading conditions and superior customer support。

In 2006, FXOpen became one of the first brokers to offer micro-accounts and overnight interest-free accounts, and soon after, they continued to explore new technologies and high-tech services, such as the first cryptocurrency account to facilitate trading in 24 cryptocurrency CFDs, including Bitcoin and Ethereum.。

Its micro accounts come with nano lots, so you can think of FXOpen as one of the top forex brokers trading with nano accounts。As a market maker broker, order execution in FXOpen is instant execution。Therefore, when the market is extremely volatile and liquidity is low, you may get a re-quote。The good news is that the broker allows traders to hedge and use the EA。

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FXOpen has been operating as an online trading provider for retail customers since 2005.。The company was founded by a group of traders with a mission to provide services in the interests of traders.。FXOpen claims to be one of the first companies to offer ECN trading via MetaTrader 4 (MT4)。With unique proprietary price aggregation technology, customers can benefit from the industry's most competitive spreads (from 0 points) and low trading commissions。

In 2006, FXOpen also became the first broker to offer micro and swap-free accounts.。Since then, they have gone on to become pioneers in a number of high-tech services, including the first crypto account that can offer trading facilities for 24 cryptocurrency pairs such as Bitcoin, Litecoin and Ethereum.。

In addition, the company also provides one-click trading and secondary MT4 plug-ins, allowing traders to trade with just a click of the mouse。Traders don't need to worry about trading security at FXOpen。They are registered with Nevis, FCA UK and ASIC Australia。

Provide STP, Micro, ECN and other trading accounts, as well as free unlimited demo accounts。Minimum deposit per account depends on account type; $1 for micro accounts, $10 for STP and cryptocurrency accounts, and $100 for ECN accounts。FXOpen also offers leverage up to 1: 3 (for cryptocurrency accounts) and up to 1: 500 (for micro, STP and ECN accounts)。

In addition, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems.。Both services allow anyone to copy the trades of an experienced trader。Thus, a trader can replicate the results of a professional trader's strategy。

The FXOpen PAMM service allows transactions to be copied from the main account to one or more follower accounts and automatically distributes profits and losses。A professional trader operates personal funds through a PAMM account, his trading strategy is copied into the funds of his followers。The owner of the follower account can view and analyze the performance of the PAMM account with the help of advanced analytics。FXOpen has 3 PAMM accounts, STP, ECN and Crypto PAMM。

On ECN accounts, traders will receive direct quotes from leading liquidity providers, including Dresdner Bank, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Royal Bank of Scotland, Citibank and UBS Group。

After seeing the various advantages offered by FXOpen, traders can easily register an account by simply filling out the form in the registration menu of the FXOpen website。Traders will be required to verify documents in advance if they want to deposit or withdraw funds。According to the trader's experience and information, since the establishment of FXOpen, customers have not had any major complaints about payments (deposits or withdrawals)。

After registering with FXOpen, traders also have the opportunity to receive other benefits, such as the FXOpen cash return program within the first 90 days after new customer registration。Cash back minimum $5, maximum $1,000。

In addition, ECN, STP and crypto account holders can also use free VPS。Traders who can maintain a net worth of $5,000 at the end of the month or reach a monthly trading volume of $10,000,000 can use FXOpen VPS for 1 month free of charge。The advantages of VPS on FXOpen are excellent accessibility, flexibility and speed。

Trading on FXOpen becomes easier because traders can increase their insight into trading by participating in competitions。FXOpen Broker via ForexCup.com website offers weekly and monthly trading competitions on demo accounts, traders can participate in free competitions to hone their skills。If you want a bigger challenge, there are trading competitions on real accounts。

The company also offers a forex partnership program to traders, forex brokers and website owners who post information on fiat and cryptocurrency trading.。There are 3 types of partner levels, including using referral (affiliate) links, Forex rebates, and personal partner conditions to attract new customers to FXOpen's Forex IB (Forex Agent)。

All in all, FXOpen is a comprehensive forex brokerage firm for traders who want to try a variety of trading tools, the trading environment for ECN accounts, low minimum deposits, the best cryptocurrency trading conditions, and interesting trading features such as PAMM and mock competitions.。

There is no limit to the types of trading strategies, and brokers welcome all popular trading strategies, whether it is scalping, hedging or using expert advisors。In addition, traders can use up to 1: 3 leverage。

Overall, traders have access to more than 40 cryptocurrency markets where they can test their specific trading strategies to make a decent profit.。It also provides an opportunity for traders to diversify their portfolios by trading 24 / 7 at home or on the move through the FXOpen app.。

5. XM

XM Broker was formed under XM Global Limited, part of XM Group Finance, regulated by FCA, ASIC and CySEC.。Since its inception, XM has quickly won the attention of traders due to its low spreads, fast service and other attractive offers。Today, XM offers trading services in more than 190 countries and in more than 20 different languages.。

XM generally offers three types of accounts, with a minimum deposit of $5 for a micro account, which is quite affordable for beginners and offers nano lots。Spreads are also competitive, and the maximum leverage is 1: 888; another thing to consider is that XM provides multiple trading platforms, such as MT4, MT5 and Webtrader。

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XM was founded in 2009 as a company called Trading Point of Financial Instruments Ltd..A member of an online brokerage firm。To serve customers worldwide, the company has split into XM Australia and XM Global, as well as XM Cyprus。Each member has a different head office and license, XM Australia is registered under the Australian Securities and Investments Commission (reference number: 443670), XM Worldwide is registered under the International Financial Services Commission (60 / 354 / TS / 19), and XM Cyprus is registered under the Cyprus Securities and Exchange Commission (reference number: 120 / 10).。

XM is one of the more experienced brokers in today's online forex trading world。Since its inception, the broker has undergone many changes, including the addition of an ultra-low account and webinar function, which supports 19 different languages with 35 local instructors in each language。

In terms of trading instruments,XM is known for its diversity of asset providers, ranging from Forex, commodities, CFDs for equity indices, precious metals, energy, to equities。XM prides itself on being the ideal broker to execute trades, providing a statistic that 99.35% of orders executed in less than a second。Trading at XM also offers a strict no-re-quote policy, no virtual trader plug-ins, no rejection of orders, real-time market execution, and the option for traders to place orders online or over the phone.。

在在Spreads across all major currency pairs can be as low as 0 in an Ultra-Low account.6 points, while the spread of other accounts usually starts at 1 point。XM chose to limit their leverage to a scale of 1: 888, rather than offering a maximum leverage of 1: 500 or 1: 1000 (whole numbers), a unique number now widely recognized as a trademark of XM.。

In order to protect the client's funds in the case of extreme volatility,XM provides negative balance protection for each type of account。Deposits for micro and standard accounts start at $5, while Ultra-Low accounts require a minimum deposit of $50。Traders who open an account at XM can get conditions similar to a penny account environment in a micro-account, where each lot has a contract size of only 1,000 units.。If you use the smallest number of lots on the MetaTrader platform, which is 0.01 lots, then the trader can trade only 10 units per trade。

For deposits,XM applies zero-fee deposits in most of its available payment methods。Traders can choose to deposit and withdraw money by wire transfer, credit card, and the most popular electronic payment options such as Skrill, Neteller, and FasaPay.。

XM also provides Islamic accounts for Muslim traders who comply with Sharia law that prohibits the use of interest-bearing overnight swaps for each currency pair.。In order to provide their customers with the best trading experience, XM has opened access to MT4 and MT5 platforms, each with more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android and Android tablets).。

In general, there is no doubt,XM has gone global, with its deep commitment to providing trading services worldwide available in more than 15 languages.。In addition to simplifying the trader's experience through mainstream trading platforms and high-quality trade execution, XM is open to all types of traders, from small capital traders to preparing large deposits. More experienced traders.。Even a penny trading environment for traders if they choose to register under a micro account。

for their global approach,XM has ensured that traders from various countries can easily access their services.。This has resulted in different domain names for traders in specific jurisdictions。

Advantages of Nano Account

Nano accounts bring several advantages, not only for the needs of beginners, but also for the psychological aspects and what experienced traders can do with it。

See the big from the small

At the beginning of your trading journey, it is best to keep the risk as low as possible, with a small investment at the beginning。As with everything else, to become a trading expert, you need to practice。

Will you learn to be a good pilot by trying to fly a fighter directly？Will you become a professional scientist without a lot of experiments beforehand？Of course not.。Forex trading is no exception.。It takes time to understand the whole situation and find the system that really suits you。

The Nano account allows you to do this while learning and keep your losses small, and you can always do bigger。When you have enough confidence, you can gradually expand the size of the transaction。

Ideal for testing trading strategies

Now, the next key aspect to consider is your trading strategy。If you have made small transactions but have not made a profit, then all is meaningless。Many people think that using a demo account is important for testing whether the system is profitable, but there is no way to determine until you start investing real money。

Sometimes, you may find a strategy that looks profitable in a demo account, but once you use it in a real account, it comes to naught。By investing a small amount of money in your nano account, you can understand which strategy is best for you and whether you can continue to use the strategy without worrying about huge losses when it doesn't work in a real account。

relieve pressure

The success of Forex trading depends not only on strategy and money management, but also on trading psychology。What's the point of building a highly profitable trading system if you see price fluctuations that are often influenced by emotions?？

Remember that price fluctuations are out of your control and the only way to stay at risk is to control your emotions as much as possible。

Nano accounts can help you relieve stress, as trading stress often comes from high risks that do not meet your tolerance limits。If this happens, you can easily feel anxious and thus tend to trade spontaneously not based on your trading plan。

A smaller deal size can help you get through this and give you peace of mind because the risk is lower。However, once you can put your emotions aside when trading, you can make it big.。

Nano Account and Cent Account Comparison

Nano accounts have similar characteristics to cent accounts, in fact, both types of accounts are suitable for beginners because they can help traders enter the market with very small trading volumes。

So, what's the difference between the two？Which one is better？

"Na" refers to the number of hands and "min" refers to the monetary unit of the account.。Cent accounts can use cent units instead of standard dollars (or other base currencies), so when the volume is 100,000 cents, they actually only bear the risk of $1,000。

Since the minimum number of lots in the MetaTrader platform is 0.01 lots ($1,000 in most cases), so it is obvious that when converted to cents, traders can use as little as $10 (0.0001 lots) of trading volume to open a position。

Finally, if we look at the smallest lot, the nano account and the cent account are actually the same, the only difference is the account currency。

If you are not familiar with the working principle of a cent account and feel that it is troublesome to convert the unit value every time you calculate the actual risk, then it is best to choose a nano account。

It is worth noting that due to the MetaTrader platform's limit on the minimum number of lots filled in (cannot be lower than 0.01), many brokers choose to offer nano-hands in the form of cent accounts。

Even if you are successful enough to trade with a standard-sized account and use a more well-known broker, it is always useful to keep your nano account。You can always use it to test new strategies or pull back when things don't go as planned。