Foreign exchange has been a relatively hot international trading market in recent years. It has been favored by investors mainly due to its low investment threshold, high return, fast capital operation, and strong liquidity.

How much does it cost to open a foreign exchange account?

For the foreign exchange market, some investors may not know what kind of existence it is, but now with the rapid development of the global foreign exchange market, investors need to understand it. The core of this article-how much foreign exchange account opening amount needs to be analyzed, and what determines its amount, etc. Let us take a look at it below.

Generally speaking, foreign exchange dealers mostly adopt leveraged trading mode, and theoretically speaking, as long as the leverage is large enough, 1 US dollar can be used for foreign exchange. However, it is not up to the dealer to decide how much money is required to open a foreign exchange account.

How much does it cost to open a foreign exchange account?

For example, if an investor opens a real account with 200 USD and the leverage is 100 times, then 100 USD is required to trade 0.1 lot. There is still a margin of 100 US dollars, which can only carry 100 points of risk. Once the market fluctuates sharply, then the investor’s 200 US dollars will be lost several times. Therefore, the entry threshold for foreign exchange account opening is not set by foreign exchange dealers, but determined by the risk range that investors themselves can bear.

There is no fixed standard for how much money is needed for foreign exchange speculation. If you have a lot of funds and good technology, you can invest tens of thousands, hundreds of thousands or even millions of funds to do it; if you don’t have much funds and the skills are not good Dozens or hundreds of dollars for the novice level is also possible.

How much does it cost to open an account from the number of transactions on the platform?

Some platforms can do the minimum trading lot size is 0.01 standard lot. Generally, the trading margin will not exceed 10 US dollars, and the spread fee is only about 0.3 US dollars. Therefore, from this perspective, 50 US dollars is enough. But do you have to consider one order per day? Is the number of lots always only 0.01? What is the estimated loss of each order? All of these must be taken into consideration. According to the transaction statistics of the past years, the general client’s funds are between 500-1000 US dollars, and 0.01 standard lot is relatively cost-effective or risk-resistant.

What is the minimum threshold for opening a foreign exchange account based on accumulated trading experience?

For foreign exchange trading, I think it takes at least half a year from contact to entry. Some friends may say that the accumulation of experience is enough for simulation, but the facts tell us that simulation is only a commodity that helps us familiarize with the operation and trading of the platform. The trading mentality of the account will be completely different. Suffering from gains and losses or impulsiveness will cause you to lose a lot, so a certain period of real account experience is necessary, so from this aspect, it is best to guarantee your funds for half a year or a few months. Time, we suggest it is about 500 dollars.

What is the minimum threshold for foreign exchange account opening based on accumulated trading experience

Real foreign exchange transactions are generally opened in banks. For example, the most common China Merchants Bank and Industrial and Commercial Bank of China have accounts. The characteristics of real orders are that the risks and returns are relatively small, and the transaction fee (spread) is slightly larger. It’s between 10 and 30 o’clock. If the operation is good, the annual income is generally 5% to 10%. If the funds are too small, the benefits may be limited.

Account opening steps: go to the bank counter to apply for a foreign exchange account, then purchase foreign exchange and deposit it into the account, sign a foreign exchange transaction agreement with the bank, apply for online banking, and then log in to the bank’s website with a personal computer at home and enter the online banking for transactions. can.

Foreign exchange margin trading:

Generally, you can apply for account opening through domestic foreign exchange introducing brokers or directly to the websites of foreign investment companies. Margin trading varies greatly according to the size of the position to be established, and the risks and returns vary greatly. I currently operate with a relatively stable leverage of 5-10 times. , Generally, there is no problem with 100% annual income. Generally, the spread is between 3 and 10 points. The disadvantage is that it has higher requirements for the operator’s capital management, and generally can’t resist deadly after making a mistake.

It is not up to the dealer to decide how much money is needed to open a foreign exchange account

For example, if an investor opens a real account with 200 USD and the leverage is 100 times, then 100 USD is required to trade 0.1 lot. There is still a margin of 100 US dollars, which can only carry 100 points of risk. Once the market fluctuates sharply, then the investor’s 200 US dollars will be lost several times.

The threshold for opening a foreign exchange account is not set by the foreign exchange dealer, but determined by the risk range that the investor himself can bear. There is no cost to open an account for foreign exchange speculation. You only need to tell the bank or broker to open the foreign exchange trading function.