You can open with 100.00 and spreads are excellent as others have mentioned. Margin up to 500:1 if you want it. (I use 50:1 max).
let me tell you some words abou forex. I've been trying to trade for 4 years. I've been learning some strategies, guides, watching some reviews, etc... And only nowdays i've got some profit from that. It's really risky and difficult.
Icmarkets seems okay via mt4. Really easy once an account is created to try other types, ie ctrader and mt5 and instantly transfer your funds to experiment, or standard or ecn account, try ecn later. Support chat people very good aswell.
Hope to see from them some protection measures introduced like a recovery fund (like Hotforex made) which protects them from operational risks, like platform freezes, liquidity failures, etc. It will be good protection for traders from black swans etc.
I only keep the min to play 2 or 3 $10 per pt contracts in account and 1 draw down max, limits my risk stops me getting greedy, dont trust brokers that much, no point running account upto 100k to be told you cant withdraw it lol
FXTM is quite good. They are regulated by FCA, CySEC and FSCA. Thus, you can trust them. Their leverage is above market average with 1:1000. Pips are are definetely low. Moreover, i haven't got any problem with their very kind customer service employees. You can give a try.
I'm trading with few brokers but Coinexx is the top favorite here. Spreads are what I like the most, didn't face any issues so far. @kaneutaka they don't offer that leverage anymore.
Does it also support forex pairs? Looks like it is intended to use for cryptocurrencies only which offer measly returns currently
hey! yes I understand your point very well. Cryptos were quite a risky bet this year. But with Coinexx I trade Forex pairs mostly. Infact they offer commodities, indices and a few cryptos apart from more than 50 currency pairs and their spreads on major pairs are very impressive. maybe you should try.