When you start trading, the first thing after some research is opening an account that will serve you exclusively for trading. This is something you usually contact a brokerage house or their website to get more information about the company, check (online, on your own) if they are accredited, and then proceed with learning how to trade.
It doesn’t matter if you are a beginner or have some trading experience. There is always something new to learn. Whether it be a new approach to the way you trade or merely getting to know a different broker and learning something from their experience, it can benefit you. Indeed, there are many brokers, but we offer you more information about SpreadEX because we think it’s worth a try.
For opening trading accounts, you don’t need much money. At SpreadEx, the broker asks for a bare minimum for opening a live account. Why? Because you need to have something if you want to trade it for something else, and even if it’s the only dollar, IT IS something. Not having to invest hundreds of dollars is appropriate for newbies, since many people are scared of going into the world of trading because they think they will waste away everything they have.
This information is false because even if you invest a thousand dollars, you can still choose to trade only with 10$ if you are comfortable with it at the beginning. If the broker is asking you to invest everything, it’s probably a scam. That’s why we want to recommend this broker because, first of all, the service is secure and straightforward, you don’t have to worry about putting too much money into opening your trading account, but you will still get full transparency and help.
Giving some necessary information about yourself is not a new thing or something to be suspicious about. Providing your name, address, and financial data will only help transparency. Also, telling the broker about your financial goals and your current situation is helpful. It gets easier to devise a proper trading strategy if your broker knows what he and you are dealing with.
Once you feel confident enough, you can invest more money, but start small, research, and consult with your broker regularly. Trading small will help you to get into the trader mindset, but won’t hurt your pocket. You will start to catch up on various patterns and figure out what kind of trader you are to understand further what’s the best way for you to trade. SpreadEX offers multiple ways of educating, and whether you put ten or a thousand dollars into your trading account, the service won’t change. You will still have an equal chance to develop and learn like someone who invested a lot more. This is only fair and makes everyone see how much they can cooperate and be aware of their money and trading steps.
Is there any difference between accounts then?
The short answer is yes. Once you sign up, you automatically get the retail account, mostly for traders who are new in the field. There is also a pro account, where the broker will ask you for more documents so they can be sure you are not merely trying to gamble, but you’re someone serious who’s ready to invest and be smart about their money. There are also fewer risk factors, but neither of the two is necessarily better. The difference is only if you are entirely new to everything, and how much you know about trading.
An essential fact is that SpreadEX has a certification, and you can check on the UK’s FCA website for yourself that they are legit. The company has built up quite a reputation because of its technical and practical security. Still, we advise you to check any company for yourself if it’s certified. You can read more about it and read this useful SpreadEX Broker Review to get more information, and then go to the UK regulation website to see for yourself that it’s regulated. Our advice is to do it for every company and broker you come across. SpreadEX is undoubtedly the right choice, and you will be surprised how much they are ready to help and teach you without any loopholes.