Standard Account Forex Brokers - Forex Standard Account Explained

How to Open Standard Account - Standard Forex Account Opening

There are many different types of forex accounts available to anyone who wants to invest in the currency market. Forex market is a highly leveraged market for speculating on currency valuations. Traders can purchase large amounts of currency units using little capital. However, trading on leverage is very risky and there are different types of forex accounts available to help investors better manage their risk.

It is therefore important that the currency trader consider what they want to get out of their account, before deciding on forex account type to open.

Standard Forex Account

A standard trading account is a account that allows forex traders to make trades using standard lots. A standard lot is equivalent to $100,000 which is one standard contract. Forex brokers offer standard accounts to traders who have a lot of capital as well as experienced forex traders.

Standard accounts - currency is traded in lots of 100,000.

This is trading account type is recommended for those with enough capital to fund their forex account as well as experienced forex traders alike.

If an exchange rate for EURUSD is quoted at 1.400, then the smallest trade available in a standard forex account is worth $140,000 of currency to buy 100,000 EUR.

A standard account is suitable for account balances over $10,000.

Standard account 1 pip = $1