Online trading is one of the fastest developing and the most appealing financial activities existing in the world. Day by day it becomes more and more popular by the number of attractive and profitable opportunities that it offers to everyone. There was a time, when the main and the only asset of internet trading was the currency. However, with the development of the world, everything has changed and today, traders have an opportunity of trading not only various currency pairs, but also other financial instruments such as precious metals, commodities, indices, etc. The emergence of new trading instruments has made online trading even more attractive, interesting and what the most important is even more beneficial.
Compare online trading accounts of NetTradeX and MetaTrader 4 trading platforms
For being able to take part in and get the full advantages of online trading, one will need to download a trading platform and open an online trading account. Currently, IFC Markets provides its customers with 3 types of trading accounts for each of the trading platforms offered: NetTradeX and MetaTrader 4. The trading accounts offered are Demo NetTradeX, Beginner NetTradeX, Standard NetTradeX, Demo MT4, Micro MT4 and Standard MT4. Now let us compare online trading accounts of NetTradeX and MetaTrader 4 trading platforms and see what the main differences are.
When opening a Beginner or a Micro account, traders can invest as low sum, as the deposit method will allow. In other words, there is no exact amount of initial deposit. However, there is a restriction concerning the maximum allowed amount of equity for these accounts which is USD 5 000 / EUR 5 000 / JPY 500 000. In case of reaching or exceeding the maximum equity, traders will not be able to open a new position. For being able to continue trading, they will need either to change the account type to Standard or withdraw the extra money to decrease the Equity to USD 3 000 / EUR 3 000 / JPY 300 000 or lower. The leverage offered for the Beginner and the Micro accounts is up to 1:400.
However, there is a key difference between Micro and Beginner accounts. In Beginner NetTradeX account one can start trading with as low as 100 units (0.001 lot), whereas on Micro MT4 the minimum allowed volume is 0.01 lot, which equals to 1000 units of base instrument.
In case of opening a Standard account both on NetTradeX and MetaTrader 4 trading platforms traders will be required to make an initial deposit of $1000. In contrast to the Beginner and the Micro online trading accounts, here there are no restrictions concerning the Equity. The leverage offered for the Standard account is up to 1:200. Traders and investors can open an online trading account in the following currencies: USD, EUR and JPY.
In case you start trading for the first time, it is highly advisable to open a Demo account either on NetTradeX, MetaTrader 4 or MetaTrader 5 trading platforms and start using your knowledge regarding trading in practice.
Obviously, online trading is very attractive. If you have already made up your mind to take up trading, then open an online trading account and enjoy the full benefits of the financial world.