Types of Trading Accounts you Can Open with a Right Broker

1. Types of Trading Accounts you Can Open with a Right Broker There are many trading accounts you can open with a broker, and some of them will depend on your budget too. What you want is totally up to you and as a trader, you should always select that. What is a Trading Account? A trading account is an investment account comprising the securities, cash and information of a client. Once you open this type of account, you are eligible to do the trading by depositing your funds and getting the leverage through it. Having an account is your key to entering the Forex world. Benefits of Trading Account • Single Point Access • Right Information • Customizations • Notifications • Flexibility • Easy Transactions

2. Essential Documents You Need for Account •Identity Proof Be sure that you have a PAN card with you along with a valid photograph. You also need to have the voter id or license or a passport. You may also demand to provide the identity proof which is majorly issued by the central or state government, regulatory authorities, commercial banks, financial institutions, affiliated colleges and more. •Address Proof With the right address proof, you can open an account because it’s mandatory to show you as a real person who is opening a trading account. The account opening managers need certain things as identity proof and these can be your sale agreement of residence, driving license, insurance copy and more. Landline bills, electricity bills can also come under the residential proof segment. Trading Accounts Types You Can Open with a Broker •Micro Account This is an account type that can be opened easily using a right Forex broker that is as low as $5. Here, the account is best for those who are looking for the lowest account opening amount and don’t have any prior knowledge of the trading world. The starting of this record will help you learn the tips and tricks of trading and give you a chance to be a pro at trading. You will get 1.2 spreads from pips, 30% stop out level, 50% margin call, 1:1000 of max leverage, swap-free accounts, 250 open orders, expert

3. advisor, hedging, 5 lot trade volumes, and further benefits if you associate yourself with this account. Being a beginner, it’s easy to have this account opened as a lot of learning is there. •Standard Account The standard account provided by a top Forex broker is for those who have experienced trading in the past. Just use $250 in your trading account and get 1 spread from pips, 30% stop out level, 60% margin call, 1:400 maximum leverage, swap-free Islamic accounts, 0.01 minimum order lot sizes, 500 max open orders, expert advisors, hedging, 50 lot of max trade volume, bonus, self-account management and more. •ECN Account We can open this type of account by depositing the $250 into the trading broker’s platform. The account can give you raw spreads that won’t cost you much from your pocket and will just give you low commission to your investor that won’t be considered a partiality for you as the investor. You can get the maximum leverage of up to 1:400, 0.01 maximum order lot sizes, hedging, 50 lot maximum trade volume, self-account management, and the support of expert advisors who are always there to give you the next trading move advice. •ECN Pro It’s the type of account that can be opened with just $5000. This type of account will include the raw spreads, $5 commissions, 30% stop out level, 60% margin call, 1:200 maximum leverage, 0.1 minimum order size in lots, unlimited maximum open orders, expert advisors, hedging, 100 max trade volume, self-account management and higher. •VIP Account It’s the type of account that is highly-priced but can give you maximum returns in terms of value. You need $20,000 to open this account and can enjoy features like raw spreads, 1$ commission, 30% stop out level, 60% margin call, market execution, unlimited orders, self-account handling, and the same features of ECN pro. Try Out the Xtreamforex Trading Account If you want your account’s money safe and you wish to do the rapid transfer of funds between one to another account, don’t forget to visit the Xtreamforex site. The site has all the above-mentioned features that are discussed and will be profitable to you in the long and short term.