How Much Money Do You Need to Start with a Micro Account?

How Much Does it Cost to Open Micro Account?

What's the amount of money Required to Start Day Trading with a Micro Account

Minimum amount of money required to open a trading Micro account is $50 dollars. Therefore, if you want to open a Micro account it will cost you $50 dollars as the minimum capital to open a micro account.

With $50 minimum gold trading deposit for a Micro Account traders can open a micro account and trade micro lots.

The Micro Account uses Micro Lots when opening new xauusd trades.

1 Micro Lot is equal to 1 hundredth of standard xauusd trading lot

The Pip value amount calculation for 1 Pip in a micro account is equal to $0.1. Therefore traders trading on this micro account using micro lots will make a profit of $0.1 per 1 pip movement if the trade goes in their direction or makes a loss of $0.1 per 1 pip movement if the trade decides to go against their trade direction.

This Micro account is best for new traders because one can trade using smaller lots - micro lots and learn how to trade without investing a lot of money in their micro account.