Can I Start with Just $1000 for Mini Account?
For traders wanting to begin trading with $1,000, the trading Mini account provides them with the best account type option - Open Account with $1000 dollars - Open Real Account with $1000 dollars.
The Mini account is a account type where the traders open stock trade positions using Mini lots, Mini lots are equivalent to a tenth of the standard lot. This Mini lots are a fraction of the standard lots. Traders trading using Mini Account can make a small deposit for example $1,000 dollars deposit and use trading leverage provided by trading Mini account to trade the Mini lots.
For illustration, with the leverage ratio of 100:1, a trader can borrow $100 dollars from their broker for every $1 dollar in their account - meaning if they have $1,000 in their account - they can borrow $1,000*100:1 leverage = $100,000 dollars after trading leverage. Traders then can use this $100,000 dollars in their margin stock account to open & trade Mini contracts.
To learn and know more about trading leverage & margin account - How to Read the following indices courses:
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- Darvas Box Indices Indicator Analysis on Charts
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