Trading conditions are one of the key criteria while choosing a broker and trading account type. Besides to good execution, stable work of a trading platform and reputation of the Forex company, parameters of the provided trading conditions plays an important role for profitable trading of the clients. These characteristics can vary depending on the type of the trading account and include:
- Types of trading platforms and terminals
- Base currency of the trading account
- Size of the minimum deposit
- Mode of execution - Instant execution/Market execution
- Minimum order size
- Maximum order size
- Range of leverage size
- The average size of spread (for accounts with floating spread)
- Extra commissions
- Number of available trading instruments
In addition to the main points of the trading conditions offered by brokerage companies, there are various services and features urged to make the trading process the most comfortable and profitable.
One of the mentioned above services are demo accounts at various brokers, which almost completely duplicate conditions of real trading accounts, giving new clients an opportunity to test them without capital damage. Considering that the majority of trading parameters and characteristics in the account types accepted to be called “classical” are almost identical, trading conditions on demo accounts are approached to them in the greatest degree. It allows trader to understand easily and quickly the main functions of the trading terminal and to practice the real trade on virtual means.