Best Brokers with Low Minimum Deposit for Investors in Malta
Top 3 Brokers available in Malta with a Low or Null Minimum Deposit
AvaTrade's minimum deposit is USD 100 for credit/debit cards and bank transfers, and they do not charge a deposit fee. The average transfer times for the different methods are 2 or 3 days for a bank transfer or a couple of hours when you deposit with a card (credit or debit).
A minor issue with depositing money to AvaTrade is that depositing is not as user-friendly compared to similar brokers.
AvaTrade is a global CFD and forex broker founded in 2006. It is regulated by several top-tier financial authorities, such as the Central Bank of Ireland or Australia's ASIC.
The minimum deposit at XM is $5 and $200 if you transfer, and they do not charge a deposit fee. This is great because the broker won't deduct anything from your deposits, and you only have to calculate the costs charged by the bank or third-party service provider through which you send the money. Additionally, and to avoid the clients from incurring any transfer costs, XM also covers the banking costs. So, although every bank will charge a transfer fee, if you deposit $5 or $1000, you would get the whole amount in the trading account.
XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission of Belize (IFSC).
About our Top 3 rank for Maltese Traders
The minimum deposit amounts required by the different trading and investment apps are very variable, some have no minimum, and others require amounts of 2 thousand dollars. So, a broker that offers to start without a minimum deposit or a tiny one is a plus. Here are a few things that you should take into account:
Not every client is willing (or want) to start using a platform by depositing 2 thousand dollars from the very first moment. Therefore, most brokers offer simulators or Demo Accounts of their platforms since deciding to deposit funds whether to deposit real money is an important decision, especially initially. Therefore, we strongly recommend that you try the Broker's Demo account before deciding to deposit funds.
Many lists on the internet promoted as 'The Cheapest Brokers in Malta may consist of unprofessional platforms and could even be scams. So, beware, and do your checks before transferring funds.
We only display brokers heavily regulated by strict government entities, like the UK's FCA or the Australian ASIC.
Last but not least, the broker has to be available to local traders since some of them do not open accounts locally.
Without further ado, here is our Top 3 Broker with Low Minimum Deposit list, available to clients who reside in Malta.
Founded in Melbourne, Australia, in 2009, Eightcap has built a solid reputation within the industry. They offer a highly reputable ECN account that stands out for its impressive features and robust regulatory framework. With spreads starting from 0.0 pips and a wide range of available instruments encompassing over 800 options, Eightcap offers traders a diverse and competitive trading environment.
One of the notable aspects of Eightcap's ECN account is its transparent commission structure. Traders are charged a commission of 3.5 AUD, USD, NZD, SGD, CAD, 2.25 GBP, or 2.75 EUR per standard lot traded. This allows for greater clarity and control over trading costs.
With a minimum deposit requirement of $100, Eightcap ensures accessibility for traders of various levels, making it an attractive option for both beginners and experienced traders. The account accommodates trade sizes ranging from 0.01 lots to 100 lots, providing flexibility to suit different trading strategies.
Risk management is also prioritized by Eightcap, as demonstrated by their margin call and stop-out levels set at 80% and 50%, respectively. These levels help traders manage their positions and mitigate potential losses effectively.
Furthermore, Eightcap offers a range of account base currencies, including AUD, USD, EUR, GBP, NZD, CAD, and SGD, enabling traders to select their preferred currency for a more personalized trading experience. The allowance of scalping, a popular trading strategy, adds further flexibility and accommodates traders who prefer this approach.
Eightcap is regulated by prominent regulatory bodies, including the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and the Securities Commission of The Bahamas (SCB). This multi-jurisdictional regulation adds an extra layer of trust and assurance for clients.
Overall, Eightcap's ECN account delivers competitive trading conditions, a diverse range of instruments, and a strong regulatory framework. These factors make Eightcap an excellent choice for traders seeking a reliable and transparent ECN broker.
The minimum deposit means that you will need to transfer this amount to your brokerage account from your bank account to start trading. A trading platform that offers a low minimum deposit facilitates access to the world of financial investments for those about to start the journey. So, if you are a Maltese investor and do not wish to compromise a significant investment, we include three of the top regulated Brokers that will not require you to move your Euro bank balance.