Can I Start Trading with Just $20 for Nano Indices Account?
For beginner traders wanting to start trading with $20 dollars, the Nano account option provides them with best stock account type option - Open Account with $20 - Open Live Account with $20.
The Nano stock trading account is a stock account type where the traders open stock trades using Nano lots, Nano lots are equivalent to 100 Units of base indices. This Nano lots are a fraction of standard lots. Traders trading using the Nano Indices Account can make a small deposit for example $20 dollars deposit and use leverage provided by Nano stock account to trade the Nano lots.
For example, with the stock 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 $20 in their stock account - they can borrow $20*100:1 leverage = $2,000 dollars after stock trading leverage. Traders then can use this $2,000 dollars in their margin trading account to open & trade Nano lots.
To learn & know more about stocks leverage and margin trading account - How to Read the following indices courses:
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