Forex Trading Platforms | how much money do you need to open a standard trading forex account?

8 Responses to “how much money do you need to open a standard trading forex account?”

1. Fred on May 13th, 2010 11:05 pm

   It depends on the brokerage firm. There is no ’set’ amount, however, $200 is typically the going rate for opening any type account with a brokerage firm. I would suggest that you find a broker who you like and ask them or look at there ‘policies’ page.

2. Sela M on May 13th, 2010 11:29 pm

   depends on the broker really but most these days require at least $200 to open an account. here is one site that would lead you to a leading forex broker which requires the following standard deposits- mini $200, gold $500, platinum $1K and vip $10K. of course, the benefits and trading features vary and becomes better if you open a higher level of trading account. one very good feature they have is that once you open an account, a dedicated personal account service manager or asm will be assigned to you to assist you in your trading needs and act as your mentor and consultant as necessary. discussions can be done live via phone, email, chat or even personal meeting if you happen to reside near any of its regional offices in the usa, canada, uk, europe, australia, middle east or asia. all the best.

3. Ezekiel on May 13th, 2010 11:33 pm

   Yes it depends on the broker. some brokers like oanda allow you to trades with very minimum capital.
   However, you should learn how to trade and understand how the market moves first before investing in real money.

   Asia Forex Mentor
   Ezekiel
   http://www.asiaforexmentor.com

4. Livermore on May 14th, 2010 12:17 am

   It depends on the broker, but usually a Standard account will start on the $5K.

5. Andrew M on May 14th, 2010 12:38 am

   I opened with $50, with Forex-Metal broker.

6. OKBusinessGroup@ on May 14th, 2010 1:09 am

   There is a complete list of forex brokers and their minimum deposits here http://www.forex4pros.co.uk/metatrader-forex-brokers.html

   I personally use FOREXHUNT http://www.forex-hunt.com

7. FxGuru on May 14th, 2010 2:06 am

   You can open account for only 200$

8. Akshay on May 14th, 2010 2:23 am

   hi. the important question is not what is the minimum amount a forex broker can take but what is the minimum amount required for beginners to start trading forex. No wise man would recommend u less than a thousand dollars to start trading forex. 200-300$ would be lost by u in the first 3-4 days of trading and then u would need more to recover them if u r a beginner. so if u r planning to invest only that much and u r a novice in forex world forget trading and use that money for furure medical bills.

   Secondly when it comes to choosing a broker choose one whichwilll give u the best support in terms of charts and entry/exit signals. Or atleast buy signals from some one. Search them out on the web. I am a free-lance forex market analyst and increase money by 8-10% every month for my clients and keep some percentage of profit as my fund management charge. So the client does not have to worry about tradindecisionsns or loosing money because all that is done by me and the client has to wait for the profit at the end of the month. Fo more information on managed accounts contact me on akshay_open@yahoo.co.in

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