Can You Start XAU/USD with $5000 for Standard XAUUSD Trading Account?
For traders wanting to start gold trading with $5000 dollars, the Standard account option provides them with best gold account type option - Open Account with $5000 - Open Live Account with $5000.
The Standard trading account is a account type where the gold traders open trade transactions using Standard lots. This Standard contracts are fraction of standard lots. Traders trading using the Standard Gold Account can make a small deposit for example $5000 dollars deposit and use trading leverage provided by the Standard account to trade the trading Standard lots.
For example illustration, with the leverage option of 100:1, a trader can borrow $100 from their broker for every $1 dollar in their account - meaning if they have $5000 in their xauusd account - they can borrow $5000*100:1 gold leverage = $500,000 dollars after gold trading leverage. Traders then can use this $500,000 dollars in their margin gold trading account to open and trade gold Standard lots.
To learn more about xauusd trading leverage & margin account - Study the following gold tutorial guides:
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