Can I Start Gold Trading with $500 for Mini Gold Trading Account?
For gold traders wanting to begin gold trading with $500 dollars, the gold trading Mini account option provides them with best xauusd account type option - Open Gold Trading Account with $500 - Open Live Gold Trading Account with $500.
The Mini xauusd trading account is a xauusd trading account type where the traders open xauusd trades using Mini lots, the Mini lots are equivalent to one tenth of standard gold lot. This Mini lots are a fraction of the standard gold lots. Gold traders trading using the Mini Gold Trading Account can make a small deposit for example $500 dollars deposit and use gold trading leverage provided by the gold trading Mini account to trade the gold trading Mini lots.
For example with the gold leverage option of 100:1, a trader can borrow $100 dollars from their gold broker for every $1 dollar in their account - meaning if they have $500 in their xauusd account - they can borrow $500*100:1 gold trading leverage = $50,000 dollars after xauusd trading leverage. Traders can then use this $50,000 dollars in their margin xauusd trading account to open & trade gold trading Mini lots.
To learn more about xauusd leverage and gold margin account - Read the following gold tutorials:
