What's Account Types?

Accounts Types - Trading Accounts are classified into various different stock trading accounts types that are suited for different types of stock traders.

The four stock trading account types are:

1. Standard Trading Account
2. Mini Account
3. Micro Account
4. Nano Account

Standard Trading Account Type - standard account is suitable for experienced traders who have an initial deposit capital of more than $10,000. Standard account trades using indices trading standard lots. Indices standard lots the profit per one pip is equal to $10.

Mini Account Type - mini stock trading account is suitable for traders who want to trade in smaller indices trading contracts called mini lots instead of trading with the standard lots. Mini stock trading accounts are suitable for investors who have an initial deposit capital of between $1,000 and $5,000 dollars. The mini trading account trades using indices trading mini lots. Indices mini lots the profit per one pip is equivalent to $1.

Micro Account Type - micro stock trading account is suitable for beginners & it is suitable for traders who have initial deposit of between $250 & $500. The micro trading account trades using micro lots which are smaller than mini lots. The micro trading account trades using micro lots. The micro lots profit per pip for this stock accounts is calculated as $0.1.

Nano Account Type- nano stock trading account is also suitable for beginners and it's suitable for traders who have initial deposit of between $50 and $100. Nano trading account trades using nano lots which are smaller than micro lots. The nano lots are also called cent lots because the profit per pip for this stock trading accounts is calculated in cents. Nano stock trading accounts are also called indices trading cent accounts.