The Four CFD Account Types
CFD Accounts Types - CFD Accounts are classified into various different cfd accounts types that are suited for different types of cfds traders.
The four cfd account types are:
- Standard CFDs Account
- Mini CFDs Account
- Micro CFDs Account
- Nano CFDs Account
Standard CFD Account Type - standard cfd account is suitable for experienced cfd traders who have an initial deposit capital of more than $10,000. Standard cfd account trades using cfd standard lots. CFD standard lots the profit per one pip is equal to $10.
Mini CFD Account Type - mini cfd account is suitable for cfd traders who want to trade in smaller cfd contracts called mini lots instead of trading with the standard cfd lots. Mini cfd accounts are suitable for investors who have an initial deposit capital of between $1,000 and $5,000 dollars. The mini cfd account trades using cfd mini lots. CFD mini lots the profit per one pip is equal to $1.
Micro CFD Account Type - micro cfd account is suitable for beginners and it's suitable for cfd traders who have initial deposit of between $250 & $500. Micro cfd account trades using micro lots which are smaller than mini lots. The micro cfd account trades using micro lots. The micro lots profit per pip for this cfd accounts is calculated as $0.1.
Nano CFD Account Type- nano cfd account is also suitable for beginners & it is suitable for traders who have initial deposit of between $50 & $100. The nano cfd 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 cfd accounts is calculated in cents. Nano cfd accounts are also called cfd cent cfd accounts.
