Minimum Deposit Brokers Accounts

If you are a gold trader who wants to open a live account & you're doing some research online to find out one or two things before opening, then you've come to the right training site.

Opening a real account is different than opening a practice account. First as a gold trader you do not have unlimited money, maybe you only have $1000 dollars or $5,000 or $10,000 or you're rich & have $50,000 dollars to open one & start with.

First thing you need to select is the trading leverage you'll be trading with, if you are good in trading 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 xauusd gold trading leverage. The other thing is that even though you select 100:1 leverage for your account: this does not mean that you will trade with all the 100:1 xauusd gold trading leverage, you will only use 5% of these leverage & only open trades with a maximum of 5:1 xauusd gold 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 trade positions.

The other thing to know is what type of account you're going to open, depending on your capital you want to begin and start with:

If you have $1000 dollars or less

Open a micro account - with $1000 it is best to only transact and trade with micro lots, forget what your broker tells you, anything bigger than micro lots will only increase your risks to levels which you do not have enough capital for - Brokers with Minimum Deposit Accounts. If you want to keep your money and make profits with this micro account trade on micro lots.

If you have got $10,000

Open a mini account - with $10,000 you can open a mini account & transact only mini lots. The mini lots on a $10,000 capital is enough capital to allow you to trade & make trading profits without taking on too much risk.

If you have $50,000 or more

If you have $50,000 dollars or more then you've got enough trading capital to open standard contracts, & you can open a standard trading account. With $50,000 then your trade capital is enough to trade the standard lots without much risk to your trading capital. However, make sure that you have read this tutorial: gold money management and gold money management methods.

The other thing to know is that to open a real account you've to send to send to your broker a copy of Government Issued ID card and a copy of utility bill showing your physical residential address. Some traders are surprised when asked for these documents, but all traders send them before opening their account, it is a requirement by all regulators that requires regulated brokers to get these docs before accepting a deposit from anybody. Also make sure you select a regulated trading online broker that way your money is safe.

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Minimum Deposit Brokers Accounts