Are you familiar with 3 main types of Forex Trading Accounts? 1 Article to answer all your questions

What types of accounts do you need to know ？

Before trading, you need to check whether the broker offers a demo account to back test your trading strategies. You will be able to understand how it is working on the platform as the demo account is valid for 30 days.

There are three main types of trading accounts you can choose from a broker while trade on the real platform—micro,mini, and standard. How to choose a best-suited account for you depends on your tolerance of risk, the amount of your initial investment, and how much time you want to spend on daily trading.

1: Micro Account

If you do not have much money or do not want to invest a lot at the beginning, a micro account is the best choose that you can invest a few hundred dollars in your trading account. This account allows you to trade with a small amount of money, which would reduce risks for you .

2: Mini Account

If you have accumulated some experience and have a couple of thousand spare money, you could opt for mini account. This account open 10,000USD for investors to trade. You would make more money than a micro account holder.

3: Standard Account

This account is the most common for investors. The trading amount of the account reaches 100,000USD, which means you have the ability to invest more than 10,000 USD. The higher investment is accompanied by the higher risks, as well as the higher profits.

Furthermore, customer services arealso importantfor you duringforex trading. In Nigeria, youd better to know the customer services support contact details so that you can reach out to your broker promptly in 24 hours. If the broker you want to work with does not answer you promptly and resolve your problems, you should consider to remove it from your broker list.

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It, possessed by Wiki Co., LIMITED that was established in Hong Kong Special Administrative Region of China, mainly provides basic information inquiry, regulatory license inquiry, credit evaluation for the listed brokers, platform identification and other services. At the same time, Wiki has set up affiliated branches or offices in Hong Kong, Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted WikiFX to global users in more than 14 different languages, offering them an opportunity to fully appreciate and enjoy the convenience Chinese Internet technology brings. WikiFXs social media account as below:

Facebook:

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Wiki Fair Forum Function:

In order to help more investors, WikiFX has launched the “Wiki Fair” forum, which aims to provide urgently needed and professional services to Nigerian forex investors.

The exposure function of “Wiki Fair” includes the following features:

1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)

As long as there is sufficient evidence, a review panel and an executive team will contact the broker to discuss the complaint or expose it directly through the media. Here are the exposure channels:

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More details about how to download WikiFX App:

Please download WikiFX APP from links below or scan QR code ：

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If you have any questions, please feel free to contact us at wikifx@wikifx.com