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pipsboy

PLEASE INTERPRET THIS ACCOUNT

I am a newbie. I would to open an account of USD 300 using this broker.The account type as follows:
STANDARD ACCOUNT
# Spread from 2 pips (additional information in Contract Specification)
# Leverage from 1:1 to 1:500 (1:500 allowed for accounts up to US$25000)
# Minimum initial deposit US$25
# No maximum balance limit
# Trading volume from 0.1 standard lot, 1 pip is 1 USD approximately (1 standard lot =100000 points of the base currency).
MICRO ACCOUNT
# Spread from 2 pips (additional information in Contract Specification)
# Leverage from 1:1 to 1:500
# Minimum initial deposit US$1
# Maximum balance allowed is US$3000 (When the account reaches a balance of US$3000 or more, the leverage will be reduced 100x (for example from 1:500 to 1:5). To adjust the leverage back to the level of your choice, you can withdraw from your account (or close some losing positions) to make the balance less than US$3000, then adjust the leverage from your account.
Please explain. Thanks

over 2 years ago

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PippiPips

First and for all I with only $300 to trade I would take a micro account, because with a mini you would be risking to much on each trade.

Then I would check out the links mentioned below, and may be there are other brokers you might want to consider.

over 2 years ago

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