FX Choice is a regulated forex broker. To open an account, you must fulfill a minimal first deposit of $100, which is slightly lower than the average. Additionally, FX Choice offers a maximum leverage of 200:1, which is comparable to other forex brokers.
One of recommended brokers that accepts US and accepts down to $100 initial deposit is FX Choice, they are in Belize. I had no problem coming aboard with my $100.
In terms of trading, FX Choice offers excellent conditions: both the standard and ECN account types (named Classic and Pro respectively) come with tight variable spreads – the typical spread on EUR/USD for example is 0.5 pips – however these may widen significantly depending on market conditions. If you sign up for an ECN account, you would also need to factor in the commission of $3.5 per side per lot. The execution is NDD and super fast, so you won’t have to worry about slippage – although the broker practices positive price correction.
If you employ hedging in your trading strategy, you will be pleased to know that FX Choice doesn’t require an additional margin for hedged positions. A margin level below 100% indicates that the trader can continue to open new positions even when their overall equity has dropped below the open margin.
The minimum deposit you need to make in order to open an account is $100 – for both the Standard and Pro account types, which is rare – most brokers ask for much higher initial investments for ECN accounts. Customer money is kept in segregated accounts.
The platform you can trade with is Metatrader 4 (MT4) with all its goodness, such as Expert Advisors for example. Traders with equity of $3,000 or more qualify for free VPS.