Can I Start with $250 for Mini Account?
For traders wanting to start trading with $250 dollars, the trading Mini account option provides them with best account type option - Open Account with $250 - Open Live Trade Account with $250.
The Mini xauusd account is a account type where the gold traders open trades using Mini lots, the Mini contracts are equal to 1 tenth of the standard lot. This Mini lots are fractions of the standard lots. Traders trading using the Mini Account can make a small deposit for example $250 deposit and use leverage provided by the Mini account to trade the trading Mini lots.
For example illustration, with the leverage option of 100:1, a trader can borrow $100 from their broker for every $1 dollar in their account - meaning if they have $250 in their account - they can borrow $250*100:1 leverage = $25,000 dollars after leverage. Traders then can use this $25,000 dollars in their margin account to open and trade Mini contracts.
To learn more about leverage and margin trading account - Study the following gold tutorial guides:
Study More Tutorials and Lessons:
- How Can I Trade 100.0% Fib Extension Level?
- The Difference Between STP XAU/USD Broker & ECN XAU/USD Broker
- What is Free XAU USD Margin Level in XAU USD Trading?
- Head and Shoulders & Reverse/Inverse Head and Shoulders XAUUSD Patterns
- How Can I Read Aroon Oscillator Technical Indicator?
- XAUUSD Trend-line Breakout Strategies
- XAU/USD System for Generating Gold Buy & Sell XAU USD Signals
- MT4 Charts Bar & Gold Charts Tabs
- Multiple Chart Timeframe Analysis in Gold Charts Analysis
- Where Do I Study How to Trade in MetaTrader 4 App illustrated?
