What's Indices Trading Account Types?
Indices Accounts Types - Indices Trading Accounts are classified into various different stock indices trading accounts types that are suited for different types of stock indices traders.
The four stock indices trading account types are:
- Standard Indices Trading Account
- Mini Indices Trading Account
- Micro Indices Trading Account
- Nano Indices Trading Account
Standard Indices Trading Account Type - standard stock indices trading account is suitable for experienced indices traders who have an initial deposit capital of more than $10,000. Standard indices trading account trades using indices trading standard lots. Indices Trading standard lots the profit per one pip is equal to $10.
Mini Indices Trading Account Type - mini stock indices trading account is suitable for indices traders who want to trade in smaller indices trading contracts called mini lots instead of trading with the standard indices lots. Mini stock indices trading accounts are suitable for investors who have an initial deposit capital of between $1,000 and $5,000 dollars. The mini indices trading account trades using indices trading mini lots. Indices Trading mini lots the profit per one pip is equivalent to $1.
Micro Indices Trading Account Type - micro stock indices trading account is suitable for beginners & it is suitable for indices traders who have initial deposit of between $250 & $500. The micro indices trading account trades using micro lots which are smaller than mini lots. The micro indices trading account trades using micro lots. The micro lots profit per pip for this stock indices accounts is calculated as $0.1.
Nano Indices Trading Account Type- nano stock indices trading account is also suitable for beginners and it's suitable for traders who have initial deposit of between $50 and $100. Nano indices trading account trades using nano lots which are smaller than micro lots. The nano lots are also called cent lots because the profit per pip for this stock indices trading accounts is calculated in cents. Nano stock indices trading accounts are also called indices trading cent accounts.
