If you want to start Forex trading, you should choose a broker that is regulated and offers low margin。Here are the top 5 lowest deposit brokers regulated by the Financial Services Authority (FSA)。

Over the past decade, Seychelles has successfully established itself as a well-known and respected international financial services jurisdiction.。Through cooperation between the public and private sectors, Seychelles is carefully refining the relevant regulations。This allows the Seychelles to find a balance between international requirements and the needs of global businesses and investors.。

Introduction to FSA

In 2021, the Seychelles Financial Services Authority (FSA) celebrates its 26th anniversary。It is a non-bank financial services regulator that oversees all types of companies while protecting investors from petty practices.。On its website you can read the legal framework of the financial industry and the latest related news。

The FSA's vision is to develop Seychelles into a leading financial services centre by expanding and implementing appropriate regulations。In short, they want to create an environment in which the non-bank financial services sector can grow in line with global economic development strategies.。

It is worth noting that the FSA was established under the Financial Services Authority Act to license, supervise and develop the non-bank financial services industry.。In addition, under the same terms, the FSA is also entrusted with the responsibility of:

• Management of registered institutions。Development of legal, regulatory and supervisory mechanisms。Keep the public informed of important events and news related to financial services。Tough measures against persons engaged in unauthorized financial services in Seychelles。

After Seychelles became the main destination for financial services companies and foreign capital markets to obtain licenses, the presence of the FSA has become increasingly prominent.。

The FSA license is very practical for companies around the world that deal in securities.。Licenses are a powerful tool for attracting clients to a broker or to use a company's services, and companies with them are more trustworthy。

FSA Permits are obtained within 3 months of application。The following is a list of the types of entities supervised and regulated by the FSA:

• Trust Services Capital Markets Collective Investment Plan Insurance Fintech Sandbox International Trade Zone Casino and Slot Machine

However, it is important to note that Seychelles is still considered an offshore jurisdiction.。Offshore regulations are generally friendly to Forex brokers offering high-risk trading conditions, but their terms are also less stringent compared to other more established institutions (such as the UK FCA and the US CFTC), so the process of obtaining a license is simple and quick。

FSA Responsibilities

The FSA is actively warning unscrupulous brokers and monitoring all financial services activities that occur within its jurisdiction。In comparison to brokers who do not have adequate safeguards, the FSA, in carrying out its regulatory and supervisory functions, strictly adheres to international standards to safeguard the health and reputation of the financial centre in the Indian Ocean.。

Recently, the Seychelles FSA and the Ministry of Finance are developing policies to prohibit or license cryptocurrency trading platforms as International Business Companies (IBC) to register in the Seychelles Islands.。The FSA also updates its official website frequently, with much to look out for。

Although the FSA has spared no effort in controlling and supervising, they have urged the public to exercise caution when trading online.。The FSA said it would not be liable if customers continued to trade or interact with brokers that had been warned by the FSA.。

How to determine if a broker is regulated by the FSA？

As mentioned above, the FSA has broad regulatory responsibilities and powers, including the power to issue Seychelles licences to non-bank financial services companies that wish to operate legally.。In addition, the FSA is responsible for licensing international business companies, foundations, brokers and international trust companies.。

Suppose you want to check if a broker or company is regulated by the FSA, the first step is to find out if it has an FSA license number on its website。If already found, cross-check the license number on the FSA website。All legal Seychelles licenses can be consulted directly on the website。

5 FSA Brokers with the Lowest Deposits

When scholars first traded forex, they usually studied several trading conditions, one of which was which broker offered the lowest deposit。

A low minimum deposit is often a goal for beginners, as they are often unable to put a lot of money into trading。They also have a lower risk tolerance per trade。For starters, the advantage of choosing an account with lower deposit requirements is that they can test the waters with actual real accounts without worrying about losing a lot of money。Professional traders can also use it to try out various strategies that need to be implemented realistically in the market。

The following brokers are some of the entities regulated by the Financial Services Authority (FSA) with very low minimum deposit requirements:

1. Exness

Founded in 2008, Exness is now a leading broker with hundreds of thousands of active clients around the world.。Traders are interested in Exness not only because it has a license issued by the FSA and zero fees, but also because it offers multiple types of accounts with a minimum deposit of only $5。

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The choice of broker is adjusted according to the needs of each trader. If you only need the basic platform and trading functions with the best attributes, then Exness may be your best choice。

Exness with its 0 only.Advantages such as the low spread from 1 o'clock make up for the lack of changes in its functions, which is very suitable for traders using scalping strategies (Scalper)。Spreads for major currency pairs in some account types can also be as low as 0.0 point, depending on market conditions。

Not only that, traders can also enjoy other advantages such as automatic withdrawals。Exness will process most customer withdrawals immediately without manual inspection; however, depending on the payment provider or method selected, withdrawals may be restricted。

Exness is one of the STP / ECN brokers in Europe, and the safety of traders' funds is also guaranteed。Exness became the official partner of Real Madrid football team for 3 years from July 2017, which also proves that the company has a high degree of stability.。

Exness supports deposits and withdrawals 24 hours a day, 7 days a week。However, it should be noted that the Company does not assume any responsibility if there is a problem with the deposit or withdrawal due to the payment system.。

Traders don't need to worry about transaction fees when making deposits and withdrawals.。Exness does not charge traders any transaction fees, and the chosen payment provider may incur some fees。Exness offers traders a variety of payment methods, including wire transfers, bank cards, Neteller, Skrill and more。

Financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the world's top four accounting firms。

In addition, Exness is one of the most transparent brokers in the online trading industry, and traders can find all the information about the company on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。

Exness offers different platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms。This makes it easier for traders to trade on Exness because they can also access the Exness platform anytime, anywhere.。

Over the years, Exness has developed into a broker that attracts traders, who comply with financial regulations such as FCA and CySEC, further strengthening their trust.。

One measure of customer confidence is the volume of transactions。As of December 2018, the monthly trading volume of its clients reached $348.4 billion, with more than 50,342 active traders worldwide.。

With the programs offered by Exness, traders also have the opportunity to earn extra income by becoming their partner。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who registers。

Additional income from Exness Partners。Traders who register through the member link can earn up to 25% spread commission per trade.。

Customers can also use their free VPS hosting service when trading at Exness。VPS (Virtual Private Server) provides traders with greater reliability and stability because they can maintain their trading and expert advisors without interruption in the event of unexpected technical problems (such as Internet or power outages)。

In summary, Exness is a trader's favorite broker due to its low spreads and flexible account type, ideal for traders with limited funds but need more opportunities to maximize profits。The broker is also known for its maximum support for new and old partners.。

2. HotForex

In addition to holding multiple licenses issued by the FCA, CySEC, FSCA, DIFC and FSA in the UK, HotForex also offers a number of features for novice traders when opening a trading account, including a minimum deposit of $5 through various payment methods including e-wallets。

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HF Markets is an award-winning Forex and commodities broker founded in 2010, offering trading services and facilities to retail and institutional clients.。More than nine years since opening, HF Markets has opened around 1,500,000 live accounts worldwide with 200 employees.。

From the point of view of its services, HF Markets can be regarded as middle class, customers do not need to prepare a large deposit to join the broker to trade。In addition, there are a variety of account types, trading software and tools for both individual and institutional clients to trade Forex and CFD online。

HF Markets is the registered brand name of HF Markets (Europe), which is regulated by various financial regulators according to its location。Details are as follows:

HF Markets (SV) Ltd, registered as an international business company in Saint Vincent and the Grenadines with registration number 22747 IBC 2015。HF Markets (Europe), licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 183 / 12。HF Markets SA (PTY) is a financial service provider (FSP) licensed and regulated by the South African Financial Sector Conduct Authority (FSCA) under license number 46632.。HF Markets (Seychelles) is incorporated under the laws of the Republic of Seychelles, registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA), securities dealer license number SD015。HF Markets (DIFC) Ltd, licensed and regulated by the Dubai Financial Services Authority (DFSA), license number F004885。HF Markets (UK) Ltd, authorised and regulated by the Financial Conduct Authority (FCA), company reference number 801701。Traders can become professional clients, manage and assess risk if they are more experienced, knowledgeable and have a more mature trading environment。As a result, professional clients can get better rates but less regulatory protection。

Trading through HF Markets gives traders access to a variety of trading tools, such as Forex CFD, cryptocurrencies, rare metals (gold, silver, etc.), energy (oil and gas), commodities (such as coffee, copper and sugar), indices, bonds and popular stocks (such as Google, Apple and Facebook)。

HF Markets offers the lowest spreads on the market, with spreads in zero accounts starting at 0。The broker's quotes for major forex currency pairs are accurate to five decimal places。As a result, traders have the opportunity to obtain more accurate pricing and optimal spreads。

HF Markets has received a number of prestigious titles, including the great honour of being among the world's top 100 companies in world finance.。Other awards include the "World's Best Customer Money Security" award from Global Brands magazine, the Best Global Forex Documentary Trading Platform award from the 2019 Global Forex Awards, and the 2019 Fastest Growing Forex Broker Mena Award from International Business Magazine.。

After opening an account in HF Markets, traders will be able to meet all their trading needs through various forex trading platforms。Whether traders prefer to trade on desktop or mobile, MetaTrader 4 can be used on desktop (terminals, multiterminals and web terminals) and mobile phones (iPhone, iPad and Android)。

Clients' funds are held in separate accounts and only the major banks are used by the market, as successful traders must focus their full attention on trading rather than worrying about the safety of their funds。

HF Markets does not charge any transaction fees when making deposits and withdrawals, and has a variety of payment methods, with a choice of wire transfers, bank cards and online payments (Neteller, iDeal, Soport Banking and Skrill), ensuring that traders can trade quickly 24 / 7 on weekdays.。

Traders can earn extra income by joining affiliate programs offered by Markets。Clients who join the program will get some advantages, such as a 60% net spread based on sub-client trading volume, and net income of up to $15 per lot.。More information about HF Markets can be found on its official website, which supports 27 languages。

In summary, HF Markets is one of the award-winning Forex and Commodities Brokers。Traders can choose from a variety of account types in HF Markets, and the broker itself is a trader's favorite due to its low spreads, ideal for traders with limited funds and a desire to have more opportunities to maximize profits。

3. M4Markets

Trinota Markets Global Limited or M4Markets just two years old。However, the broker has been successful in providing traders with global quality services from its headquarters in Seychelles, which is regulated by the FSA.。You can open an account with this broker through various payment methods with an initial deposit of $5。

4. Alpari

Alpari is a reliable broker with many years of industry experience。Founded in 1998, the company is committed to providing the best service to all types of traders, including new traders, so it continues to attract customers from all over the world.。Alpari's initial deposit starts at just $1。Traders can also pay by credit and debit card。

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Alpari International is one of the largest Forex brands。They always strive to ensure that traders make the best trading and investment decisions。Founded on December 24, 1998, Alpari began as a small group of people looking to start financial ventures during the most economically unstable period in Russian history.。

In 20 years of experience in the Forex industry, around 2 million traders have chosen Alpari as their trading broker.。Alpari's headquarters are located on the 5th floor of Rue du Savoir 355 NEX Tower, Ebene 72201 Cyber City, Mauritius。The company is regulated by St. 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。For higher volumes, the company also offers the Alpari International Direct platform with enhancements for senior investors.。

The company offers a range of real trading accounts to choose from。Each account offers different opportunities, allowing traders to trade in different ways。All accounts use USD, EUR, GBP and NGN as base currencies。But NGN accounts are only open to clients in Nigeria。

Each account has a different spread。Standard accounts have a spread of 1.2, the spread of the micro account is 1.7, the spread between ECN accounts and professional accounts is 0.4。Traders can open an account in Alpari and choose to trade currencies (major forex, minor forex, foreign currencies and rubles), spot metals, spot commodities, stock trading, spot indices and cryptocurrencies。

Traders can understand 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 out from the guide provided by Alpari on its official website。

Their trading guides are designed to break down terms and answer the most frequently asked questions by traders。Traders will soon be able to trade faster and more confidently。

In addition, Alpari offers PAMM (Percentage Allocation Management Module), which allows traders to select the ideal account manager。In this way, traders have the opportunity to make more profits without advanced forex trading knowledge。These managers typically have extensive market experience and proven strategic trading decisions。

The program also offers experienced traders the opportunity to become strategy managers。As a strategy manager, they can use their trading experience to earn more from profitable trading。They have the privilege of using the Alpari advanced program and all the tools to cultivate a large group of investors。Investors will help strategy managers earn more with commissions of up to 40%。

Their website also offers a variety of forex trading strategies。Because to increase your chances of making a profit, you must learn as much as possible about the market and the trading strategies behind it。According to Alpari, strategies provide traders with a roadmap for trading and reduce panic decisions made on the spur of the moment。In other words, trading at Alpari allows traders to learn any forex trading strategy。

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

Alpari offers a very convenient money and withdrawal experience for every trader。Traders can transfer money using 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 Wallet, 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 back office transfers are processed during standard business hours (Monday to Friday, 03: 00 - 19: 00 GMT + 2 (GMT + 3 for daylight saving time))。If traders are still confused, the Alpari team can be contacted by any means such as online chat, Telegram or email。

5. Squared Financial

Squared Financial Ltd is a trusted online forex and CFD broker by its clients as it is regulated by a number of institutions including the UK FSA。The broker offers several advantages, one of which is a minimum deposit as low as $1。

Conclusion

Seychelles wants to continue its expansion until the jurisdiction is recognized around the world as a leading financial services institution.。As a forex trader, you may have specific preferences when choosing a broker。

If you are looking for a low deposit, regulated broker for novice traders, then consider the above list of brokers。In addition to low deposits, beginners should also consider low-fee brokers to help enter the foreign exchange market without spending a lot of money。