papia09 Posted November 24, 2014 Report Share Posted November 24, 2014 Let us discuss about two such accounts in detail- οΆ Micro Account- For beginners, this is the most apt account. The benefits you get with this type of account are- ο The starting minimum deposit is only $5, hence you need not make a initial huge investment ο No issues related to requotes ο The floating spread begins from 0.2pips ο Leverage is up to 1:500 ο The minimum volume for investment is 0.01 lot ο Expert advice always available οΆ ECN Account-This kind of account is more apt for more knowledgeable traders and offers brilliant trading conditions like- ο Order execution possible in less than 0.1 seconds ο No issues related to requotes ο The minimum deposits are $50. ο Execution order in less than a second ο Can trade in gold/silver/28 different currency pairs ο Access to real interbank liquidity ο Stop out level at 15% ο Option of 5 digit quotes ο Margin call level at 25% So depending on your trading pattern and your knowledge, you could choose the kind of account you would like to hold. Link to comment Share on other sites More sharing options...
John Bryce Posted December 28, 2014 Report Share Posted December 28, 2014 When I started I hardly had much investment to depend upon, therefore I select using Micro account and at that point I was not entirely happy as I thought it would have loads of restrictions and no benefits at all but ever since using the Micro account, I donβt want to switch to normal one, as OctaFX has provided so much like you mention that it is tough to switch to any other account, only with 5 USD investment we get treatment like 50-60k! Link to comment Share on other sites More sharing options...
Gloria Posted August 2, 2015 Report Share Posted August 2, 2015 I like that kind of financial leverage. Fresh has 1:1000 and as for me, it's a little bit risky. Link to comment Share on other sites More sharing options...
Rajesh Posted March 17, 2016 Report Share Posted March 17, 2016 I use regulator type trading account of TradingBanks broker, although I wanted to start with standard type trading account. But, my trading capital is not appropriate for trade with standard type trading account. Whatever, I am really happy on this ECN broker as I get true ECN trading environment into this regular type trading account. Link to comment Share on other sites More sharing options...
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