Forex Broker Foreign Exchange Rate Currency Trading Money

Forex brokers have made it possible to trade in the currency market with just about any level of available capital. Generally, accounts are broken down into three levels: micro, mini and standard. However, since account-naming terminology isn’t widely agreed upon, one broker’s micro account could be another broker’s standard account.

Micro Account

On the lower end of the spectrum is the micro account, which is offered by several online FX brokers. These accounts give beginning traders—and those who are testing trading strategies—the opportunity to experience the FX market without putting a large amount of capital at risk.

In fact, many brokers, such as FXCM, offer micro Forex accounts with a minimum deposit of $25.

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