Standard Account

Standard Account

• Spread: From 1.0 pip (variable)
• Minimum Deposit: $100 - $500
• Leverage: Up to 1:200
• Platform Compatibility: MT4, MT5
• Features:
  • No commission charges
  • User-friendly, suitable for beginners
  • Flexible trading conditions
  • Access to a wide range of instruments
• Best For: Beginners, casual traders

Overview:
A Standard Account is ideal for beginner to intermediate traders who seek straightforward trading conditions without the need for complex features or high minimum deposits. It offers a balanced trading environment suitable for various trading styles.

Key Features:

• Spread:

  • Typically fixed or variable spreads starting from around 1.0 to 3.0 pips
  • No commission per lot (sometimes commission applies depending on broker)

• Minimum Deposit:

  • Usually $100 - $500, making it accessible for most traders

• Leverage:

  • Up to 1:100 or 1:500 (depending on broker and jurisdiction)
  • Leverage allows controlling larger positions with less capital

• Platform Compatibility:

  • Supported on MetaTrader 4 (MT4), MetaTrader 5 (MT5), and other popular platforms

• Features:

  • User-friendly interface suitable for beginners
  • Standard order types (market, limit, stop-loss, take-profit)
  • No need for high trading volume or complex setups
  • Suitable for a wide range of trading styles, including swing trading and position trading

Advantages:

• Accessible & Affordable:

  • Low minimum deposit makes it suitable for new traders

• Ease of Use:

  • Simple trading environment without the complexity of ECN or PRO accounts

• Flexibility:

  • Suitable for various trading strategies and risk levels

• Educational Friendly:

  • Ideal for traders learning the markets and testing strategies

Disadvantages:

• Higher Spreads:

  • Compared to ECN or PRO accounts, spreads may be wider, leading to higher trading costs

• No or Low Leverage Options:

  • Some brokers limit leverage on Standard accounts for safety

• Slippage & Requotes:

  • During volatile markets, execution might be slower, and requotes can occur more frequently compared to ECN accounts

EA & Automated Trading Compatibility:

• Supported:

  • Compatible with Expert Advisors (EAs) and automated strategies
  • Suitable for both manual and automated trading

• Considerations:

  • Wider spreads may affect EA performance, especially for scalping or high-frequency EAs

Best For:

• Beginners and traders building foundational skills
• Traders with smaller capital
• Those testing strategies before moving to more advanced account types