Can I Start Trading with $20 for Nano Account? - How to Open Nano Account with $20
For new traders wanting to start trading with $20 dollars, the Nano account option provides them with best account type option - Open Account with $20 - Open Live Account with $20.
The Nano account is a account type where the traders open trades using Nano lots, Nano lots are equal to 100 Units of base currency. This Nano lots are a fraction of standard lots. Traders trading using the Nano Account can make a small deposit for example $20 dollars deposit and use leverage provided by Nano account to trade the Nano lots.
For example, with the leverage ratio of 100:1, one can borrow $100 from their broker for every $1 dollar in their account - meaning if they have $20 in their account - they can borrow $20*100:1 leverage = $2,000 dollars after leverage. Traders can then use this $2,000 dollars in their margin account to open & trade Nano lots.
To learn more about leverage & margin account - Study the following lessons:
