Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money.
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How Much Money Do You Need to Start Forex Trading?

You can open an account with very little. Trading sensibly takes a bit more. Here's how to work out your own number.

By Forex UK editorial teamUpdated 5 October 20266 min read

In short

  • Many FCA brokers have no minimum deposit.
  • To trade micro lots with 1% risk, around £250–£1,000 is more practical.
  • Only use money you can afford to lose entirely.

What different balances allow

Balance1% riskWith a 20-pip stop on EUR/GBPComment
£100£1Less than a micro lotLearning only
£500£50.02 lotsWorkable for practice with real money
£2,000£200.10 lotsFlexible position sizing
£10,000£1000.50 lotsRoom for several positions

Realistic expectations

Even a skilled trader making 2% a month would turn £1,000 into about £20 a month. Treat early trading as paid education, not income.

Before you deposit

  • Clear any high-interest debt and keep an emergency fund.
  • Practise on a demo account first.
  • Decide in advance how much you're prepared to lose before stopping.

Frequently asked questions

Can I start forex trading with £100?

Yes, using micro lots at many brokers. But with 1% risk per trade, your stop-loss would need to cost about £1, which limits what you can do.

Can I make a living from a small account?

Very unlikely. Trying to earn a salary from a small account pushes traders into excessive risk.

CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading these products. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Content is general information, not financial or tax advice.