Your first trading account will be opened automatically when you send form from our Contact Page.
The minimum deposit depends on the account type, but generally $100.
No, it’s not. To change the type or the base currency of the account, you have to open a new account with required parameters.
Example:
You buy 1 lot of EURUSD.
Account currency: EUR.
Leverage: 1:100.
<Margin> = 100,000 / 100 = 1,000 EUR
If your account currency differs from the base currency of the instrument, you have to convert the margin amount into the account currency at the rate when your position is opened.
Example:
You buy 1 lot of EURUSD.
Account currency: USD.
Margin in the base currency of the asset: 1,000 EUR.
Current EURUSD rate: 1.2345.
<Margin> = 1,000 * 1.2345 = 1,234.50 USD
Demo accounts are usually used in three cases:
- If you are a beginner and want to learn basics of trading on financial markets without risking to lose your own money.
- When you want to test the conditions provided by the brokerage company before opening a real account.
- In case of testing your new trading strategy.
“Not enough money” means that there is not enough margin on your account to open a position of the desired volume.
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