Can I Start Gold with $10 for Nano Trading Account?
For beginner traders wanting to start gold trading with $10 dollars, the Nano account provides them with the best account type option - Open Account with $10 dollars - Open a Live Trading Account with $10 dollars.
The Nano account is a account type where the traders execute trades using Nano lots, Nano lots are equivalent to 100 Units of base gold. This Nano lots are a fraction of the Micro lots. Traders transacting using Nano Trading Account can make a small deposit for examples $10 dollars deposit & use gold trading leverage provided by Nano account to trade the Nano lots.
For example, with the leverage option of 100:1, a trader can borrow $100 dollars from their gold broker for each $1 dollar in their account - meaning if they have $10 in their account - they can borrow $10*100:1 leverage = $1,000 dollars after leverage. Traders can then use this $1,000 dollars in their margin trading account to open and trade gold Nano lots.
To learn more about leverage and margin trading account - Read the following gold guides:
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