Minimum Deposit Brokers Accounts

If you're a indices trader wanting to open a live account and you're doing some research online to find out 1 or 2 things before opening, then you have come to the right training website.

Opening a real account is a lot different than opening a practice account/demo account. First as a indices trader you do not have unlimited money, maybe you only have $1000 dollars or $5,000 or $10,000 or you're rich and have $50,000 dollars to open one & begin with.

First thing you need to choose is the trading leverage you'll be trading with, if you're good in trading indices you as a trader can choose 100:1 leverage if not then choose 50:1 trading leverage if you have not practiced with a demo then choose 10:1 leverage. The other thing is that even though you select 100:1 leverage for your trading account: this doesn't mean that you will trade with all the 100:1 leverage, you'll only use 5% of these stock trading leverage & only open trades with a maximum of 5:1 trading leverage. The remaining trading leverage will be used to maintain what is known as free margin; money required by a broker so as to maintain your open trades.

The other thing to know is what type of account you are going to open, depending on your capital that you want to start with:

If you have $1000 dollars or less

Open a micro stock account - with $1000 dollars it is best to only trade with micro lots, forget what your indices broker tells you, anything bigger than micro lots will only increase your risks to levels which you don't have enough capital for - Minimum Deposit Brokers Accounts - Brokers with Minimum Deposit Indices Accounts. If you want to keep your money and make profits with this micro stock account trade on micro lots.

If you have got $10,000 dollars

Open a mini stock account - with $10,000 you as a trader can open a mini stock account & transact only mini lots. +Mini lots on a $10,000 capital is enough capital to allow you to trade & make trading profits without taking on too much risk.

If you have $50,000 or more

If you have $50,000 dollars or more then you have got enough trading capital to open standard lots, & you as a trader can open a standard stock account. With $50,000 dollars then your trade capital is enough to transact the standard lots and contracts without much risk to your trade capital. However, make sure that you as a trader have read this tutorial: indices money management and indices money management methods.

The other thing to know is that to open a live account you have to send to send to your indices broker a copy of Government Issued ID card and a copy of a utility bill that is showing your physical residential address. Some traders are surprised when asked for these docs, but all traders send them before opening their account, it's a requirement by all regulators that requires regulated indices brokers to get these documents before accepting a deposit from anyone. Also make sure you choose a regulated stock indices trading broker that way your money is safe.

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Minimum Deposit Brokers Accounts