Can I Start Indices with Just $100 for Micro Account?
For new traders wanting to begin trading with $100 dollars, the trading micro account option provides them with best account type option - Open Account with $100 - Open Live Account with $100.
The micro account is a trading account type where the traders open stock trades using Micro lots, the micro lots are equivalent to 1 hundredth of the standard lot. This Micro lots are a fraction of standard lots. traders trading using the Micro Account can make a small deposit for example $100 dollars deposit and use leverage provided by the trading micro account to trade the trading micro lots.
For example with the leverage option of 100:1, one can borrow $100 from their broker for each $1 dollar in their account - meaning if they have $100 in their account - they can borrow $100*100:1 leverage = $10,000 dollars after trading leverage. Traders can then use this $10,000 dollars in their margin stock account to open and trade indices micro lots.
To learn and know more about trading leverage & margin account - How to Read the following indices courses:
What's a Trade Plan? - Written Plan Example Template
Alternatives: Automated EA Trading or Copy and Paste Signals
