Trade Forex Trading

Can I Start Trading with $1,000 for Mini Account? - How to Open Account with $1000

For forex traders wanting to start trading with $1,000, the Mini account option provides them with the best account type option - Open Account with $1000 dollars - Open Live Account with $1000 dollars.

The Mini account is a account type where the traders execute trade transactions using Mini lots, the Mini lots are equal to 10,000 units of base currency. This Mini lots are a fraction of standard lots. Traders trading using the Mini Account can make a small deposit for example $1,000 dollars deposit and use forex leverage provided by the Mini account to trade the Mini lots.

For example, with the leverage ratio of 100:1, a trader can borrow $100 from their forex broker for every $1 dollar in their account - meaning if they have $1,000 in their forex account - they can borrow $1,000*100:1 leverage = $100,000 after forex leverage. Traders can then use this $100,000 in their margin forex account to open and trade forex Mini lots.

To know more about leverage and forex margin account - Read the following forex lessons: