FXCM acknowledges that all of the accounts they offer have been given awards, still the best thing to learn are the basics that makes these accounts worth trading into. FXCM account types come in a number of forms. From the most basic to the most complex. But the important thing about these accounts is that the resources are from the very best and are all designed for traders who trade in great volumes like Plus500 traders.
Different FXCM account types
The Standard. Customers who have an FXCM Standard account will an all-day and all-week support system backing them up and will have free access to the FXCM site. It offers a buy and sell like environment with pricings of commissions on the lower end. Aside from this, the trader will enjoy access to a lot of trading tools which he can use while trading in the foreign currency market. A standard account requires a minimum of 2,000 British pounds deposit.
The Mini. Xtrade customers can start with a Mini account that worth only 50 British pounds. This is an account that is best when dealing with smaller amounts of trades and prices. But make no mistake about it, the services provided are the same ones offered in the other accounts. It does not necessarily mean that if the amount involved is much less, the attention given is less too. That is not what FXCM account types is all about
The Active Trader. This is the most complex of all the FXCM account types being offered today. For this account, a trader will get the most comprehensive market research information, all of the solutions a trader might need and all of the support that will require trading on a world-wide stage. This will get you to gain access to commentaries fro top analysts in the world of foreign exchange trading. The Active Trader requires a minimum of 25,000 British pounds deposit from its customers.
Iforex for Demo Accounts
Truth be told, there is another type of account that exists for traders in the foreign exchange trading world out there. This is called the Demo account. This is one account that most traders use in their practices. At this point, they are still trying to gain all the knowledge and the training they could get on how to make a trade. iForex traders will certainly benefit a lot from this demo account.
Now here is the thing, you know have a little knowledge about the three main FXCM account types. You can now learn more about the other details of foreign exchange currency trading that you might need to integrate into the accounts that have been discussed above. Details that you will need to learn about are the free signals, futures and all the tools that can be interjected into the trade you are doing.
The three types of main accounts are the ones that will give you the big bucks you came by for. However, in between trades, it is suggested that you keep on practicing with the use of demo account. The importance of which is that you can actually put into practice some strategies in a free and real life atmosphere and see the results.