Can I Start Indices with Just $250 for Mini Account?
For traders wanting to start indices trading with $250 dollars, the trading Mini account option provides them with the best account type option - Open Account with $250 - Open Live Account with $250.
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 $250 dollars deposit and use 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 from their broker for each $1 dollar in their account - meaning if they have $250 in their account - they can borrow $250*100:1 trading leverage = $25,000 dollars after trading leverage. Traders can then use this $25,000 dollars in their margin stock account to open and trade indices 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
