What is a Rookie account?

1 min. readlast update: 11.28.2023

Who would benefit most from a Rookie account?

The Rookie account is an account type that suitable to use by newbie traders, which providing them with the opportunity to engage in trading with smaller volumes and minimal trading units (cent lots). This account features the smallest minimum trading volumes, making it well-suited for experimenting with and testing various trading strategies. 

Account Details:

Minimum Initial Deposit : $ 1
Swap : Free
Floating Spread : From 0.0 pips
Maximum Leverage : 1:2000
Account Currency : USC
Major Currencies : USD, GBP, EUR, AUD, CAD, JPY 
Execution Type : Market Execution
Minimum Order Volume : 0.01
Minimum Step Volume : 0.01
Minimum Margin : 1
Maximum Order Volume : 100
Margin Call : 30%
Commission : $3/Lot
Trading Instrument : Forex & Commodities
Maximum Position : 100
Stop Out Level : 30% 

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