XM vs Exness vs Pepperstone — which is best for EUR 100 starting capital?
How this answer was verified
- Cross-checked against broker-published fact sheets, regulator licensing databases, and ESMA product intervention notices.
- Reviewed by the FX-Brokers EU editorial desks (Markets, Platforms, Regulation). Desk structure disclosed at /about/editorial-desks.
- Refreshed quarterly. The most recent verification date is shown above. Read our methodology.
Related
Broker review: Pepperstone
Pepperstone is a BaFin-regulated broker offering razor-sharp spreads, zero minimum deposit, and excellent execution across MT4, MT5, cTrader, and TradingView.
Broker review: Exness
Exness is a CySEC-regulated broker with ultra-tight pricing, instant withdrawals, and one of the highest monthly trading volumes in the industry ($4T+).
Broker review: XM
XM is ideal for beginner EU traders, offering a $5 minimum deposit, award-winning education, multilingual support in 30+ languages, and CySEC regulation.
How much money do you need to start forex trading?
You can start forex trading with as little as $5-$200 at most EU brokers, but a realistic starting capital for meaningful results is $500-$2,000. This lets you risk 1% per trade (a safe position size) without being forced into oversized losses by the broker's minimum lot size restrictions.
Which forex brokers have no minimum deposit?
Pepperstone, OANDA, and Trading 212 require no minimum deposit for EU clients in 2026. You can fund the account with any amount and start trading. This is ideal for testing a broker before committing larger capital, or for traders working with very limited starting funds.