What is the Forex Trading Minimum Deposit for Standard Account?

A Standard Forex Account is denominated in US Dollars and trade transactions are placed using standard lots. One standard lot is 100,000 units of currency. One forex lot is also referred to as a one forex contract. Minimum account opening capital - at-least $10,000 USD.

1 forex contract refers to the minimum size of a single trade transaction. This option is the most suitable for traders with a enough capital to invest - this option requires $10,000 to $50,000 dollars in starting capital, for this Standard Forex Account the trader will not be undercapitalized and with good forex money management rules and forex money management strategies, this option has the highest chance for profitability because it is not under capitalized. Under capitalization is what makes most traders not profitable.

It isn't recommended to open a Standard Forex Account unless you have a balance of at between $10,000 minimum and $50,000.

Professional Money Managers recommend $50,000 Dollars minimum to open this Standard Forex Account and only opening 1 or 2 lots maximum per every $50,000 dollars you have in your Standard Forex Account. However, most online forex brokers will still open this Standard Forex Account for you if you have more than $10,000.

If an exchange rate for EURUSD is quoted at 1.4000, then the smallest trade transaction available in a standard forex account is worth $140,000 of currency to buy 100,000 EUR. With leverage of 100:1, this is only $1,400 of your money and the rest of the money you will borrow from your forex broker (with leverage of 100:1, your forex broker gives you $100 dollars for every $1 dollar that you have, therefore for this transaction using only $1,400 of your invested capital, the broker will give you $100 dollars of leverage for every $1 dollar you have, meaning after leverage you will have $1,400*100=$140,000 which you can then buy 1 standard contract of EURUSD).

For Standard Lots Minimum Price Movement of 1 pip = $10