Which type of account you will be suggest for those traders, who's investment is not more than $1000?

Pankaj D Costa 2015.03.11 05:25

Total voters: 44

Rozana Sustar 2015.03.11 05:59 #1

It really depends on the strategy used...

Pankaj D Costa 2015.03.11 06:18 #2

Matija14:
It really depends on the strategy used...

Think about general traders who is depending on MA, indicators even EA.

david mackay 2015.03.11 17:35 #3

Might be best to use a demo account for each type of account and see where the results are best. Eacg strategy can have varied results.

Alain Verleyen 2015.03.11 18:09 #4

Cent account without a doubt. With 100$ you can manage your lotsize (and so your risk) as if you had a 10,000$ capital.

Pankaj D Costa 2015.03.11 18:28 #5

angevoyageur:
Cent account without a doubt. With 100$ you can manage your lotsize (and so your risk) as if you had a 10,000$ capital.

I am also supporting my friends circle to use cent account for small amount, other choice 4 digit fixed spread account.

Alain Verleyen 2015.03.11 18:35 #6

nirob76:
I am also supporting my friends circle to use cent account for small amount, other choice 4 digit fixed spread account.

I don't see how a 4 digit, with fixed spread broker, or an ECN broker as most answers, will help you with a low capital.

The main thing is always to protect your capital, as tiny it can be, so you need to manage your risk.

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Pankaj D Costa 2015.03.11 18:45 #7

angevoyageur:

I don't see how a 4 digit, with fixed spread broker, or an ECN broker as most answers, will help you with a low capital.

The main thing is always to protect your capital, as tiny it can be, so you need to manage your risk.

I am also surprised to see the majority vote. Personally I scared with ECN account due to some difficulties and never advised to anyone.

So far I know, ECN account, starting lot 0.10, Leverage max. 1:200, Stop out call 50% or more, spread low but have to pay lot commission.

This is why I am stay far from ECN.

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Francis Dogbe 2015.03.11 18:59 #8

ECN is always the right choice

Pankaj D Costa 2015.03.11 19:02 #9

Roszey:
ECN is always the right choice

ECN is suitable for 1000$ account?

Thanks.

Alain Verleyen 2015.03.11 19:03 #10

Roszey:
ECN is always the right choice

The topic being "no more than $1000 capital", can you explain why an ECN is the right choice ?

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