Can I Start Gold with $1,000 for Standard Gold Account?
For new traders wanting to start gold trading with $1,000 dollars, the Standard account provides them with best account type option - Open Account with $1000 - Open Live Account with $1000.
The Standard account is a account type where the traders open trades using Standard lots. This Standard lots are fraction of standard lots. Traders transacting using Standard Gold Account can make a small deposit for example $1000 dollars deposit and use gold leverage provided by the Standard account to trade the Standard lots.
For example, with the leverage ratio of 100:1, one can borrow $100 from their gold broker for every $1 dollar in their account - meaning if they have $1000 in their account - they can borrow $1000*100:1 leverage = $100,000 after leverage. Traders then can use this $100,000 in their margin account to open and trade gold Standard lots.
To learn more about leverage and margin account - Study the following gold guides:
