minimum deposit whereas standard accounts generally require a minimum deposit of a few thousand dollars. LCG has been operating since 1996 and is FCA regulated. When trading forex, a trader does not have to pay for the advanced trading tools, just the spreads. In 2014 the broker also introduced execution-only stockbroking in the UK and Ireland, later rolling it out to the Netherlands and Germany. For instance, in order to buy 1 lot GBP/USD (1 contract is 100,000 and the margin rate.5 one has to deposit at least 500. This allows traders to refine their trading strategy with smaller deposits before moving to larger account sizes. Currently, the group of companies offers wide range of products for online trade, available on a selection of platforms: contracts for difference (CFDs) on currency pairs, indices, commodities, stocks, financial spread betting (in the UK and Ireland as well as binary options. It is, therefore, an ideal way for a new trader to practice trading in the markets, without risking large amounts of capital. Traders also sometimes use micro accounts to try out new brokers with a live account whilst reducing the risks.
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The best forex trading platform comparison requirement for a minimum deposit is 100. Yet, many FCA-regulated brokers provide higher leverage ratios: FxPro, for instance, offers leverage up to 1:500. The Ireland-based broker operates under EU regulations. It is a double-sided coin. In addition, traders who are used to the good old MetaTrader 4, are able to use it with. So, for instance, you may get offered lower spreads and a higher leverage with a larger account type. With a micro account, a beginner trader can feel how it is to trade in real life with real money, with real risks, while still only risking only a small portion of their capital. The broker is listed on the LSE.