Can I Start with Just $25 for Micro Account?
For new traders wanting to begin indices trading with $25 dollars, the trading micro account option provides them with best account type option - Open Account with $25 - Open Live Account with $25.
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 $25 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 $25 in their account - they can borrow $25*100:1 leverage = $2,500 dollars after trading leverage. Traders can then use this $2,500 dollars in their margin account to open and trade micro lots.
To learn and know more about trading leverage & indices 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
