Forex trading is a potentially profitable investment option, but many newcomers need to be made aware cash they’ll need to get going. Leading online FXCM Forex Markets service provider FXCM Markets provides a variety of configurable account choices to suit traders of all experience levels and capitalization levels.
Your unique financial status and investing objectives will significantly determine how much money you need to start trading forex in Malaysia. With minimum deposits ranging from $50 to $25,000, FXCM Markets offers several account categories, including micro, regular, and active trader accounts.
The micro account is a fantastic choice for new traders since it enables them to start with a modest investment and develop expertise at a lesser risk. A micro account with FXCM Markets requires a minimum deposit of $50, and traders can trade with as low as one micro lot or 1,000 units of the base currency.
A regular account is a popular option for investors with more capital to risk and excellent trading experience. Traders can trade with standard lot sizes of 100,000 units of the base currency and a $5,000 minimum deposit for a basic account. In addition, this account type provides access to sophisticated trading tools and features and competitive spreads.
The active trader account has a $25,000 minimum deposit requirement and is the best choice for high-volume traders. Even lower spreads and commissions are available with this account type and access to individualized support and premium trading resources.
FXCM Markets provides a variety of trading platforms in addition to the numerous account kinds to meet various needs and preferences. For example, the MetaTrader 4 platform is best for traders who seek a more personalized trading experience. In contrast, the Trading Station platform is well-liked for its user-friendly interface and sophisticated charting capabilities.