Minimum Deposit Brokers Trading Accounts
If you're a trader wanting to open a live account and you're doing some research online to find out one or two things before opening, then you have come to the right training website.
Open a real account is different than opening a practice. First as a trader you don’t 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 will be trading with, if you're good in trading indices you 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 choose 100:1 leverage for your trading account: this does not mean that you'll trade with all the 100:1 leverage, you will 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 transact with micro lots, forget what your indices broker tells you, anything bigger than micro lots will only increase your risks to levels which you do not have enough capital for - Minimum Deposit Brokers Accounts - Brokers with Minimum Deposit Indices Accounts. If you want to keep your money & make profits with this micro stock trading account trade on micro lots.
If you have $10,000 dollars
Open a mini stock account - with $10,000 dollars you can open a mini stock trading account & transact only mini lots. Trading mini lots on a $10,000 capital is enough capital to allow you to trade & make profits without taking too much risk.
If you have $50,000 or more
If you have $50,000 dollars or more then you have enough capital to open standard lots, & you can open a standard stock trading account. With $50,000 dollars then your capital is enough to trade standard lots without much risk to your capital. However, make sure that you 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 showing your physical 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 select a regulated stock indices trading broker that way your money is safe.
