What is Stocks Account Types?
Stocks Accounts Types - Stocks Accounts are classified into various different stocks accounts types that are suited for different types of stock traders.
The four stocks account types are:
- Standard Stock Account
- Mini Stock Account
- Micro Stock Account
- Nano Stock Account
Standard Stocks Account Type - standard stocks account is suitable for experienced stocks traders who have an initial deposit capital of more than $10,000. The standard stocks account trades using stocks standard lots. Stocks standard lots the profit per one pip is equal to $10.
Mini Stocks Account Type - mini stocks account is suitable for stocks traders who want to trade in smaller stocks contracts called mini lots instead of trading with the standard stocks lots. Mini stocks accounts are suitable for investors who have an initial deposit capital of between $1,000 and $5,000 dollars. The mini stocks account trades using stocks mini lots. Stocks mini lots the profit per one pip is equal to $1.
Micro Stocks Account Type - micro stocks account is suitable for beginners & it is suitable for stocks traders who have initial deposit of between $250 and $500. Micro stocks account trades using micro lots which are smaller than mini lots. The micro stocks account trades using micro lots. The micro lots profit per pip for this stocks accounts is calculated as $0.1.
Nano Stocks Account Type- nano stocks account is also suitable for beginners & it is suitable for traders who have initial deposit of between $50 & $100. The nano stocks account trades using nano lots which are smaller than micro lots. The nano lots are also called cent lots because the profit per pip for this stocks accounts is calculated in cents. Nano stocks accounts are also called stocks cent stocks accounts.
