Standard Account

What is a Standard Forex Account?

A standard forex account is one of the basic account types used to trade in the forex market. It is generally suitable for beginners or traders with intermediate experience. This account type requires a lower minimum deposit than other account types.

How does it work?The standard forex account offers traders the ability to trade currency pairs, commodities, indices and other financial instruments. Once the account is opened, traders gain access to the trading platform and can start trading. You can trade with the leverage ratio determined according to the account balance. Leverage allows you to open a larger position on your investment.

What are the advantages?

• Low Minimum Deposit: Standard forex accounts require a lower minimum deposit than other account types. This makes access easier for new traders.
• Wide Choice of Instruments: This account type provides the ability to trade many different currency pairs and other financial instruments. In this way, you can diversify your portfolio.
• Flexibility: The standard forex account generally allows for all kinds of trading strategies. You can try a variety of trading approaches, from short-term to long-term investments.
• Gaining Experience: This account type is ideal for traders who want to learn and gain experience how the forex market works. You can gain trading experience by keeping the risk low.