Forex Brokers with Nano Lots

Forex Brokers with Nano Lots

There aren’t a lot of forex brokers with Nano lots or cent accounts nowadays. There used to be more of them but it turned out that forex brokers don’t seem to like that form of lot size.

There might be several reasons for that but there are a few that I can think of.

One reason, which of course is looking on the dark side, could be losing money faster when you have a small size account and use larger lots.

Let’s say you want to get your feet wet with a 10 or 20 dollar mini account that has micro-lots starting from 0.01.

You open a trade and set a 25 pip stop loss and you lose that trade. What happens here is that you lose 25% of your $10 account or 12.5% of the $20 account.

You can’t follow money management principles and it’s hard to get out of a losing streak (losses in a row) and save the tiny account.

If it were nano lots or a cent account, you would lose only 2.5% or 1.25%.

The next reason might be related to the strategies like martingale where the more steps you can have, the higher the chance of success.

Another reason, which is looking on the bright side, could be so long as positions taken by nano lots are very small; brokers have to act as market makers which means they need to take the other side of your positions in order to fill them.

In simple words, you sell they buy or you buy they sell.

Since there might be a lot of those accounts and a lot more Nano lots positions, it seems that these types of accounts aren’t worth it.

For whatever reasons, most forex brokers don’t offer Nano lot size; however, there are still a few forex brokers with nano lots.

Forex Brokers with Nano lots

I searched a lot of brokers seeking for Nano lot size and found some. Here’s a list of Forex brokers with nano lots.

Note: the information on the following brokers’ reviews is related to the Nano lot size accounts of the brokers and for their other types of accounts, it may be different. For example, the brokers offer more trading instruments or platforms but the ones that are available in Nano lot size account are mentioned.

1- FXOpen

FXOpen was established in 2005 and is regulated by two top tier regulatory bodies, Financial Conduct Authority (FCA) which is UK regulatory body, and the Australian Securities and Investments Commission (ASIC).

FXOpen offers micro accounts with Nano lots and the minimum lot size is 0.001 with the steps of 0.0001 — for example; 0.001, 0.0011, 0.0012, 0.0013, and etc.

FXopen act as a market maker in this type of account so the order execution method for the micro account is instant. As a result, you get requotes when the market gets volatile such as on the news or when the market has low liquidity such as at the end of the trading day.

Requotes happen when your broker can’t open your position at the price you order so your position isn’t executed and you receive a message showing that, therefore, you need to open your position again.

The maximum lot size is 10 standard lots.

You can open an account with only $1.

FXOpen like any other forex broker offers demo accounts but it’s not available for the micro account.

FXOpen Overview

Location: Nevis, UK, Australia

Foundation Year: 2005

Regulation: ASIC, FCA

Minimum Account Size: $1

Minimum lot size: 0.001

Lot Step: 0.0001

MAX Leverage: 1:500

Maximum balance: $3000

Spread: Floating

Trading Instruments: 28 currency pairs + gold and silver  

Trading Platform: MT5 and MT4 (Desktop, Mobile, Web)

Demo for Nano account: No

Trading Strategy: Scalping: No  Hedging: Yes  Automated trading(EAs): Yes

Payment Methods: Bank Wire, VISA, MasterCard, Neteller, Skrill, Webmoney, UnionPay, Perfect Money, QIWI Wallet, Yandex Money, FasaPay, Paysafecard, Local bank for Malaysia and Indonesia

Banned Countries: U.S, Belgium

Visit FXOpen Website


IFC Markets was founded in 2006 and is regulated by the British Virgin Islands Financial Services Commission (BVI FSC) and also the Cyprus Securities and Exchange Commission (CySEC).

IFC Markets has both floating and fixed spread Nano lot accounts starting from the minimum lot size of 0.001 with the very small steps of 0.00001 which means you can increase lot size by about 0.01 cents (more or less regarding forex pair)

IFC Markets offers different trading platforms including MT4, MT5, and a proprietary trading platform called NetTradeX. The micro account with nano lots is only available for NetTradeX platform.

NetTradeX is different from Metatrader in several aspects but the one, which is related to our subject, is the way that lot sizes are displayed.

Instead of showing the lot sizes in numbers, they’re represented by units.

For example, for choosing 0.001, you have to put it in a unit which is 100 — see here for more information.

The maximum lot size is 100000 units or 1 standard lot so you can open positions from 0.0001 lots to 1 lot.

You can open a demo account for testing their micro account with Nano lot size here. (register > choose demo > for platform select NetTradeX, then you can continue)

IFC Markets Overview

Location: British Virgin Islands, Cyprus

Foundation Year: 2006

Regulation: BVI FSC, CySEC

Minimum Account Size: $1

Minimum lot size: 0.001

Lot Step: 0.00001

MAX Leverage: 1:400

Maximum balance: $5000

Spread: Floating and Fixed

Trading Instruments: 50 currency pairs, Metals (gold, silver, platinum, palladium), indices

Trading Platform: NetTradeX

Demo for Nano account: Yes

Trading Strategy: Scalping: Yes  Hedging: Yes  Automated trading(EAs): n/a

Payment Methods: Bank Wire, VISA, MasterCard, Bitcoin, bitwallet, CASHU, Neteller, Pasargad Novin, Skrill, TopChange, Unistream, WebMoney, Western Union

Banned Countries: the US, Japan, Russia

Visit IFC Markets Website

3- InstaForex

InsaForex was founded in 2007 and is regulated by the British Virgin Islands Financial Services Commission (BVI FSC) and also the Cyprus Securities and Exchange Commission (CySEC).

Note: The cent accounts or Nano lots are not available for EU residents and the minimum lot size is 0.01 in this case.

Instaforex has two types of Nano lot size accounts called Cent.Standard and Cent.Eurica .

The Cent.Standard has fixed spreads and in the Eurica one, commissions are charged instead of spreads which are actually equal to the standard’s spreads — I don’t see any differences.

The method of execution orders is instant so you may get requotes every now and then.

You can deposit from $1, however, there’s a maximum deposit for the Nano lot accounts which is $1000.

Although there’s a 1000 dollar limitation on max deposit, there’s no limitation on the maximum balance or equity which means as your account grows, you can keep trading with Nano lots.

There’s also a better condition for some strategies like martingale which is based on increasing lot size.

The minimum lot size is 0.0001 but you can trade as wide as 1000 lots (or 10000 instaforex lots)

Note: each Instaforex lot is equal to 1 standard lot.

You can trade through MT4 as well as the proprietary web platform of Instaforex,  WebIFX.

Unfortunately, there aren’t any demo accounts for the Nano lot size account of InstaForex.

InstaForex Overview

Location: Regional offices in many countries

Foundation Year: 2007

Regulation: BVI FSC, CySEC

Minimum Account Size: $1

Minimum lot size: 0.0001

Lot Step: 0.0001

MAX Leverage: 1:1000

Maximum balance: unlimited

Spread Fixed

Trading Instruments: 100+ currency pairs, gold and silver, cfd stocks, Indices, Cryptocurrencies

Trading Platform: MT4 (Desktop, Mobile, Web) and WebIFX

Demo for Nano account: No

Trading Strategy: Scalping: Not less than 5 minutes  Hedging: No  Automated trading(EAs): Yes

Payment Methods: Bank Wire, VISA, MasterCard, Alipay, American Express, Bitcoin, DinersClub, JCB, Litecoin, Local Bank Deposits, Local Bank Transfers, PayCo, UnionPay, WeChat Pay

Banned Countries: The US

Visit InstaForex Website

4- PaxForex

PaxForex was established in 2011 and is registered by Financial Services Authority (FSA) in St. Vincent & the Grenadines; however, it’s not regulated by either FSA or any other regulatory Bodies.

PaxForex has a Nano lot size account with the minimum lot size of 0.0001 and you can increase lot size by 0.0001 steps — 0.0001, 0.0002, 0.0003, and etc.

The brokers is a market maker so your positions are executed instantly, therefore, you get requotes instead of slippage (widening spreads).

PaxForex offers various types of trading instruments including forex pairs, indices, cryptos, stocks, metals; however, you can only trade currency pairs with Nano lots.

You can open demo account for nano lot size or cent account, but there’s something you should know so you won’t be confused, like I was.

When you open the account, your account and balance is displayed in cents so if you enter 100 when you’re opening a demo cent account, it’s a 100 cent not dollar account. Subsequently, your lot size in MT4 is from 1 lot, which is actually 0.01 lots, to 0.01 which is 0.0001 lots.

You can open a nano lot demo account here.

PaxForex Overview

Location: Kingstown, St. Vincent and Grenadines

Foundation Year: 2011

Regulation: None

Minimum Account Size: $10

Minimum lot size: 0.0001

Lot Step: 0.0001

MAX Leverage: 1:500

Maximum balance: unlimited

Spread: Fixed

Trading Instruments: 60 currency pairs

Trading Platform: MT4 (Desktop, Mobile, Web)

Demo for Nano account: Yes

Trading Strategy: Scalping: Yes  Hedging: Yes  Automated trading(EAs): Yes

Payment Methods: Bank Wire, Credit/Debit Cards, Skrill, Neteller, WebMoney, Perfect Money, QIWI, FasaPay, Bitcoin

Banned Countries: Japan — they accept US clients

Visit PaxForex Website

What Is Nano lot Size in Forex Brokers?

Nano lot size is the smallest lot size which is equal to 0.001 standard lots or 100 unites of currency, for example $100.

There are various types of lot sizes in forex trading platforms; however, there are 4 main lot sizes:

  • Standard: 1
  • Mini: 0.1
  • Micro: 0.01
  • Nano: 0.001

They are the tradable amount of forex pairs that are measured by the units of currencies that can be USD, GBP, JPY, and etc.

When we turn the lots into units we have:

  • Standard: 100000
  • Mini: 10000
  • Micro: 1000
  • Nano: 100

In Metatrader we trade a pair through lots but there are some platforms that the amount of forex pairs that you want to buy or sell are displayed in units.

For instance, the proprietary platform of IFC Markets, NetTradeX, is one of the platforms that you need to enter the amounts in units.

When you trade one nano lot of EURUSD, you basically tade $100 of that pair but since you use leverage, you don’t need $100 to trade. With a leverage of 1:100, you only need 1$ in order to trade that amount of EURUSD.

Each standard lot of eurusd is worth $10. Considering the above figures, each Nano lot is equal to 1¢ so every pip that eurusd moves, you gain or lose 1¢ while trading with nano lots.

Some forex brokers go even beyond that and offer mini or micro lot sizes for cent accounts.

For example, you have 0.1 or even 0.01 lots in your lot sizes of the cent accounts so basically you can trade with mini nano or micro nano lots as small as 0.0001 and 0.00001 lots.


I hope you enjoyed this post. My name is David and I've been in Forex Market since 2006. I created this site to convey my experience and try to help forex traders to make better decisions. Share this post if you liked it and let me know what you think about it in the comment section.

This Post Has 2 Comments

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