Can I Start with Just $1000 for Mini Account?
For traders wanting to start trading with $1,000, the trading Mini account option provides them with the best account type option - Open Account with $1000 - Open Live Account with $1000.
The Mini account is a account type where the traders open stock trades using Mini lots, Mini lots are equal to one tenth of the standard lot. This Mini lots are a fraction of standard lots. traders trading using the Mini Account can make a small deposit for example $1,000 dollars deposit and use trading leverage provided by the trading Mini account to trade the trading Mini lots.
For example with the leverage option 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 can then use this $100,000 dollars in their margin stock account to open and trade Mini 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
