Forex Trading Account Types
Different types of accounts
An Islamic Account can be any on above, and is managed according to Sharia Law.
Difference in spreads are in the table below on the page umarkets.net/instruments/forex
To accommodate all traders by considering their preferences and startup trading capital, Umarkets features four different forex trading accounts. Umarkets offers the Mini Forex Account, Standard Forex Account, Gold Forex Account, and the Platinum Forex Account.
Each of these accounts has respective startup trading capitals and corresponding services available for account users.
Forex investors need to get a good understanding of the differences of these trading account types to figure out the account type that suits them best and situate their trading experience off to a good start.
Differences in Trading Account Types
Umarkets has made trading more accessible for both novice and experienced traders by providing four trading accounts to choose from.
Nuances in spread or price difference in trading, initial deposit amount, and minimum deal amount are what set the four-fold Forex trading accounts apart that Umarkets gladly offers.
Are you a first-time trader and are looking to try trading with small working capital? Go for the safer option and try the Mini Forex Account. As its name suggests, it only requires $500 as the minimum first deposit but you can trade by as much as $10,000 as a minimum deal.
If you are gutsy enough to go with your trading instincts and experience trading without reservations, the Standard Account could be a fit for you. To acquire the Standard Forex Account, you need to have a $5,000 minimum deposit and $10,000 minimum of trade deals.
If you wish to raise the bar and aim to earn higher, the Gold Forex Account is considered a good choice. A $50,000 worth of minimum deal can be leveraged complemented with a $10,000 worth of minimum deposit.
Lastly, to go all out in forex trading here at Umarkets, the Platinum Account will require you to deposit a minimum of $35,000 but a good minimum deal of $150,000 awaits you.
Get started by choosing your preferred forex trading account and make your pitch to the forex trading market. If each page refers to a separate webpage on the Umarkets website, please include a “Your capital is at risk” disclaimer at the footer of each page. If all this information regarding accounts will be displayed on one webpage you should insert the capital is at risk warning at the end of the text.
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