In this category, you will find the most popular and demanded Forex accounts provided by time-proven brokers.
To start a trading activity in the foreign exchange market, it is necessary to open the account in the Forex system. Only after registration and confirmation the client will feel free to participate in Forex trading in the fullest measure. Nowadays it is quite simple to open an account, requiring the minimum costs of time and efforts. However, before opening a real trading account it is advisable to gain some experience in working with the software and execution methods by opening the Forex demo account.
Whether you are a professional trader or a beginner, Guru Trade offers you a broad range of trading accounts, so that you could analyze, compare and choose whatever works best for you.
Forex Accounts Monitoring – an Important Component of Working Process
Every broker in the GuruTrade Rating provides at least two types of Forex accounts. Depending on the size of the traded lot, the trader can choose Mini or even Micro accounts. The most popular accounts among traders are Standard, Classic, and Professional trading accounts. Depending on the trading orders type of execution and the scheme of spread forming, the provided Rating includes the following account types: NDD (Non Dealing Desk), ECN (Electronic Connection Network) and STP (Straight Through Processing).
Islamic Forex accounts worth mentioning as a separate point. On Islamic accounts the swap isn't charged, such accounts give to their owners an opportunity to keep the orders open during the unlimited period. Therefore, only currency rates changes can influence the outcome of a transaction.
The client decides what account to choose
Every type of account possesses pros and cons, and the trader should thoroughly estimate its working conditions and other parameters. Provided privileges and the eligibility of trading instruments depend on the broker because every company has their own strong points, including types of services, trading methods and bonuses, including the return of the commission from the spread and various prizewinning promotions.
In this Catalog, every trader will find the account that will fit perfectly his trading strategy, corresponding to all desires and preferences of the client.