Standard accounts, usually have slightly higher start up costs, anywhere from $5000 and upwards. They
also allow for trading on much lower spreads then that of the mini account, which usually means you
have the potential to make much greater earnings. If you have the money for the initial start up
costs, then you”re best off going with a standard account rather than a mini.
Advanced(Institutional) Accounts
Advanced accounts are made for advanced traders only. They allow for trading in the lowest spread,
usually 2-3 pips on the major currencies and instantly execute every trade you make. They also
require much higher startup costs, sometimes $50,000 or more! The potential to make a lot of money is
certainly higher with this particular account, but so are the losses, so leave it to the experts,
unless you are one yourself!
Free Account
Most brokers allow people to try out forex trading before they make a decision to create an account.
These free accounts are just practice accounts and don”t deal in actual real money. They are a good
way to get to know what it’’s like to trade on the forex market and it’’s recommended that you try
one of these accounts before you move onto the real thing.
ForexGen.com has released its new MultiTerminal Platform.
The new platform is designed to manage multiple accounts to be used by IBs and Money Managers. For
more information, please contact us.
No comments:
Post a Comment