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 Trading Account with $250.
The Mini xauusd account is a account type where the traders open trades using Mini lots, the Mini lots are equal to one tenth of the standard lot. This Mini lots are a fraction 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 trading Mini account to trade the trading Mini lots.
For example, 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 lots.
To learn more about leverage and margin account - Study the following gold guides:
