Mmastodon BusinessPersonal Finance first seen 1 d ago, last 13 h ago, peak #5

What 'no minimum deposit' really means at forex brokers

Original: Reading a 'no minimum deposit' line: on our table the figure is the lowest across a broker's account types, so the accou

Forex traders are being reminded that a broker's advertised 'no minimum deposit' figure is simply the lowest across its account types, and the account a trader actually wants may require more. A finance writer argues the deposit itself is rarely the binding constraint — margin requirements bite first. At 30:1 leverage, a 0.01 lot position in EUR/USD already needs roughly EUR 33 in margin.

Why now: Traders comparing brokers are debating how minimum deposit advertising can mislead beginners about true entry costs.

forex brokersEUR/USD

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Evidence

• Reading a 'no minimum deposit' line: on our table the figure is the lowest across a broker's account types, so the account you want may ask for more. And the deposit is rarely the constraint that bites first; margin is. At 30:1, 0.01 lot of EUR/USD needs about EUR 33. https://… · fxbrokers · 1

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