Which forex broker has Kuwaiti dinar (KWD) as an account base currency, brokers that offer kwd accounts.

Brokers that offer kwd accounts


Replies to this question have been closed. Trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads .

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Which forex broker has Kuwaiti dinar (KWD) as an account base currency, brokers that offer kwd accounts.


Which forex broker has Kuwaiti dinar (KWD) as an account base currency, brokers that offer kwd accounts.


Which forex broker has Kuwaiti dinar (KWD) as an account base currency, brokers that offer kwd accounts.

More trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for experienced traders, allows you to trade up to 60 lots per position.


Which forex broker has kuwaiti dinar (KWD) as an account base currency?


I just want a broker that has that currency.


2 answers


Hi resego we're not aware of any forex or CFD broker that accept that kuwaiti dinar as an account's base currency. All brokers will convert your deposit into their base currency, typically USD, EUR or GBP.


Hi I also want to know which bromer


Replies to this question have been closed.


Best execution

MT4 floating - instant execution

Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant . More trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant execution. All eas are allowed.



  • 500 deposit

  • 1:500 leverage ?

  • 1.71 pips EUR/USD


Best conditions

ECN premier - swap free [vanuatu]

Trade over 120 instruments across forex, commodities, energies, global indices and US equities from . More trade over 120 instruments across forex, commodities, energies, global indices and US equities from 0 pips plus commission.



  • 500 deposit

  • 1:1000 leverage ?

  • 0.3 pips EUR/USD


Best platform

Premium account

Trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads . More trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for experienced traders, allows you to trade up to 60 lots per position.



  • 100 deposit

  • 1:500 leverage ?

  • 1.2 pips EUR/USD


Pro account

Professional account [EU]

Trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and. More trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and commodities. Avatrade accepts all metatrader eas except those with a focus on arbitrage.



  • 100 deposit

  • 1:400 leverage ?

  • 0.6 pips EUR/USD


Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.



Which broker has KWD as a base currency?


For the south african based trader.


1 answer


Hi bradley, unfortunately no broker in our panel accepts deposits in KWD (kuwaiti dinars). If you have AED (U.A.E dirhams) or SAR (saudi riyals), HYCM would be an option for you, as they accept both as account base currencies.


Replies to this question have been closed.


Best execution

MT4 floating - instant execution

Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant . More trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant execution. All eas are allowed.



  • 500 deposit

  • 1:500 leverage ?

  • 1.71 pips EUR/USD


Best conditions

ECN premier - swap free [vanuatu]

Trade over 120 instruments across forex, commodities, energies, global indices and US equities from . More trade over 120 instruments across forex, commodities, energies, global indices and US equities from 0 pips plus commission.



  • 500 deposit

  • 1:1000 leverage ?

  • 0.3 pips EUR/USD


Best platform

Premium account

Trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads . More trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for experienced traders, allows you to trade up to 60 lots per position.



  • 100 deposit

  • 1:500 leverage ?

  • 1.2 pips EUR/USD


Pro account

Professional account [EU]

Trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and. More trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and commodities. Avatrade accepts all metatrader eas except those with a focus on arbitrage.



  • 100 deposit

  • 1:400 leverage ?

  • 0.6 pips EUR/USD


Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.



Compare brokers for mini accounts


For our mini accounts comparison, we found 19 brokers that are suitable and accept traders from united kingdom.


We found 19 broker accounts (out of 147) that are suitable for mini accounts.


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About XTB


Platforms


Funding methods


82% of retail investor accounts lose money when trading cfds with this provider.


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About IG


Platforms


Funding methods


76% of retail investor accounts lose money when trading spread bets and cfds with this provider


Avatrade


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About avatrade


Platforms


Funding methods


79% of retail investor accounts lose money when trading cfds with this provider.


Forex.Com


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About forex.Com


Platforms


Funding methods


79% of retail investor accounts lose money when trading cfds with this provider


Axitrader


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About axitrader


Platforms


Funding methods


68.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


Etoro


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About etoro


Platforms


Funding methods


71% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.



City index


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About city index


Platforms


Funding methods


73% of retail investor accounts lose money when trading cfds with this provider


Easymarkets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About easymarkets


Platforms


Funding methods


83% of retail investor accounts lose money when trading cfds with this provider.


Admiral markets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About admiral markets


Platforms


Funding methods


83% of retail investor accounts lose money when trading cfds with this provider


Thinkmarkets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About thinkmarkets


Platforms


Funding methods


Losses can exceed deposits


Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.


The ultimate guide to


Pros, cons and characteristics of a ‘mini account’ in online trading


Introduction


A trading account is a basic but compulsory requirement for all online trading activity. The trading account is the depository for trading funds and holds information about a trader’s activity. All funds deposited, whether by wire transfer, credit/debit card or by transfer from a trader’s ewallet, such as paypal or skrill, are sent to the trading account. Equally, any returns a trader has been able to accumulate from trading are deposited in the trading account, from where they can be withdrawn.


All traders are not created equal and some brokers have used this knowledge to develop and implement a system of stratification. This means that different account types have been created, each with their own unique characteristics designed to suit the needs of a particular segment of the broker’s client base.


Brokers that offer various account types tend to offer three main types of online trading accounts. These are:


These accounts can have different labels applied, but the architecture of the accounts follows the classification stated above. Mini accounts are the focus of this article and will be discussed in more depth below.


Characteristics of mini accounts


Mini accounts can be described as basic level or entry accounts. They are meant for new traders or those who are entering the world of online trading for the first time. The primary factors that distinguish mini accounts from the other account types are the following:



  1. Minimum deposit amounts

  2. Trade size

  3. Maximum size of investment

  4. Accessibility to certain features



The capital requirements for mini accounts are usually smaller than those for other account types. It is not unusual to see the minimum deposit amounts for mini accounts to be as low as £100 on some platforms, whereas VIP accounts on the same platform may require a minimum of £20,000. There is a reason for this. Entry level traders are not very skilled at trading and using money management techniques. For their own protection and also to enable them to get acquainted with the market using smaller trade sizes, the brokers set a small entry bar for these traders.


Such low minimum deposit requirements also mean that the trade sizes which can be used for online trading are quite small. Mini accounts will usually allow micro-lot trading (i.E. 0.01 lots), with positions sizes not exceeding a few mini-lots. Mini account holders are usually not allowed to hold standard lot positions and are also not allowed to execute full CFD (contracts for difference) contracts.


Mini account holders usually gain access to basic features, which can be increased as the trader steps up the account level.


Mini account pros


What are the benefits of using a mini account?


New traders need to be encouraged, and brokers make this easy for them by introducing a low entry bar for these traders. These accounts do not need to be heavily capitalised.



  1. They are accessible to a greater number of traders. Most people can find £100 to trade with, but not the VIP-level amounts.

  2. They are suitable for a learning experience in the real money trading arena. Mini accounts provide a suitable transition from a demo account to real money trading.



Mini account cons


The biggest issue with mini accounts is that these accounts are not suitable for traders with some level of experience. Once some experience has been acquired by the trader and the desire to start trading larger positions sets in, the mini account will no longer be suited for such purposes.


In addition, mini accounts lack some of the essential features that may enhance trading outcomes, which available to other traders. It is not unusual to see a standard or VIP account holder being given access to daily market analyses and very regular updates, but mini account holders are lacking some of these facilities.


Example of the Different Types of Trading Account


Example of the different types of trading account


The snapshot says it all. The basic account here (which is the mini account) does not offer technical analysis, does not allow scalping and commissions on CFD trades are higher than the standard and VIP accounts (premium and advanced accounts shown here).


Regulated brokers that offer a mini account


Traders such as XTB offer a mini account, which they refer to as a basic account. Their basic account offers fixed spreads, with a minimum spread of 2.0. For their standard and pro accounts, they offer clients floating and market spreads, respectively, with much lower minimum spread values. Guaranteed stop loss is also a feature of the XTB basic account.


In conclusion, a mini account as an online trading setup is the most appropriate account for those who want to make the transition from demo trading to live account trading, however, once a trader becomes more advanced, they will most likely require a standard account to meet their needs.


Why choose XTB
for mini accounts?


XTB scored best in our review of the top brokers for mini accounts, which takes into account 120+ factors across eight categories. Here are some areas where XTB scored highly in:



  • 16+ years in business

  • Offers 1,500+ instruments

  • A range of platform inc. MT4, mirror trader, web trader, tablet & mobile apps


XTB offers three ways to tradeforex, cfds, social trading. If you wanted to trade EURUSD


The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.


XTB have a AAA trust score. This is largely down to them being regulated by financial conduct authority, segregating client funds, being segregating client funds, being established for over 16


Trust score comparison


XTB IG avatrade
trust score AAA AAA AAA
established in 2002 1974 2006
regulated by financial conduct authority financial conduct authority and ASIC central bank of ireland, ASIC, IIROC, FSA, FSB, UAE and BVI
uses tier 1 banks
company type private private private
segregates client funds

A comparison of XTB vs. IG vs. Avatrade


Want to see how XTB stacks up against IG and avatrade? We’ve compared their spreads, features, and key information below.



Best forex brokers with ZAR accounts 2021


We researched 10+ forex brokers that offer ZAR trading accounts, and have listed the best in terms of fees & features.


ZAR forex trading accounts are quite useful for traders in south africa. This will help you avoid losses in fees during the conversion of currency on deposits or withdrawals.


Having a ZAR account implies that all your funds with the broker will be kept in rand. In most cases, this would mean the broker likely has local bank account so you can access quick and convenient withdrawals and deposits through bank transfer.


However, only a few forex brokers in south africa offer ZAR trading accounts. Most of them claim to provide more or less similar trading environment and features. So choosing the best ZAR account broker is not easy.


7 best SA forex brokers that offer ZAR accounts



  1. Hotforex – best ZAR account forex broker in south africa

  2. Exness – ZAR account forex broker with low minimum deposit

  3. XM – low spread ZAR account broker

  4. Plus500 – good forex trading platform with ZAR account

  5. Fxpro – trusted ZAR account broker

  6. Marketsx – overall good ZAR base currency account

  7. Blackstone futures – FSCA regulated



For this guide, we have done extensive research of 10+ forex brokers offering ZAR accounts to help you out. Then, we have chosen only the highly regulated and reliable brokers working in the south african market.


For the safety of your funds, even if your consideration is ZAR base currency account, you must still trade with only brokers that are well regulated with FSCA or other top tier regulators like FCA, ASIC.


Best forex brokers with ZAR account


Bour research offers a comparison of the top regulated forex brokers offering ZAR trading accounts. This includes overall fees (spread +commissions), trading conditions, platforms, and local support.


1. Hotforex – best ZAR account forex broker



Overall rating 9.1/10



  • Trading fees (USD/ZAR): 90 pips on average for USD/ZAR with premium account .

  • Minimum deposit: R75

  • Regulation: FSCA, FCA

  • Bonus offer: 100% deposit bonus for new first time signups ($250+ or ZAR 40,000+ approx. Deposit required)


Ranked #1 ZAR account forex broker in south africa


Hotforex is one of the best ZAR account forex broker for traders in south africa. They are locally regulated with the south africa financial security conduct authority – FSCA (FSP no.46632). Plus, they have been regulated by 2 other tier-1 regulators FCA and CYSEC. Thus we consider HF markets safe for traders in south africa.


Hotforex offers direct marker access being an STP broker. This means your orders get straight-through processing with no dealing desk. Orders are placed directly with their liquidity providers. Therefore conflict of interest is absent.


Fees: we compared their fees and found the cost to be quite fair (though not the lowest). In terms of fees for trading, hotforex has the lowest spread with the zero account. There is no fee for deposits or withdrawals.


The average USDZAR spread with the HF premium account is around 90 (variable as per market conditions). For a zero account, it is usually around 45 pips. Premium account is a commission-free spread only. Zero account has a spread of + $6 per 100,000 units (1 standard lot).


Fair trading conditions: hotforex offers you 50 currency pairs including exotic, minors, and majors. Its trading instruments also include cfds on 56 shares, 4 cryptocurrencies, leading 11 indices globally, 8 commodities, 3 top global bonds, energies such as crude and brent oil, US natural gas, and spot metals – silver and gold. HF offers trading on the latest MT4 and MT5 platforms for all devices.


The minimum balance for opening an account is ZAR 76 approx. & there are no deposit or withdrawal fees. The max. Leverage offered is up to 1:1000 and the speed of order execution is fair. HF also allows scalping, hedging, eas, and swap-free accounts.


Good support: hotforex has a local phone number in south africa (+27-10-443-9924, 0-800-999-265). The live chat support is quick and helpful available 24X5 on weekdays. We did not experience a hold time of above 1 minute while connecting anytime.



  • Regulated with FSCA in south africa & FCA in the UK

  • Spread for premium and micro account is quite competitive. With zero account it is low.

  • New accounts can avail 100% deposit bonus

  • Very good customer support

  • No fees for deposit or withdrawals.




  • Customer support not available during weekends.



2. Exness – ZAR account broker with low minimum deposit



Overall rating 9.0/10



  • Trading fees (USD/ZAR): 194 pips on average for USD/ZAR . 1 pips for EUR/USD.

  • Minimum deposit: $1 (R15)

  • Regulation: FCA, FSCA, cysec


Ranked #2 ZAR account forex broker


Exness is one of the largest forex broker in terms of average daily trading volume. Exness is licensed by 3 top tier regulations i.E. FSCA, FCA & cysec, so it is considered a safe broker.


Fees: the trading fees at exness is very low compared to other forex brokers. With their standard account the average spread is 1 pips for major pair EURUSD, and the spread is much lower with pro account.


Wide trading instruments & features: exness offers over 100+ currency pairs, and cfds on 100+ metals, crptos, stocks & indices


The highest leverage at exness is 1:2000. Exness offers MT4 & MT5 trading platforms.


Good support: customer support at exness is very good. They offer support via email, live chat & phone support as well.


4. Plus500 – good forex trading platform with ZAR account



Overall rating 8.9/10



  • Trading fees (USD/ZAR): 160 pips on average for USD/ZAR . 0.8 pips for EUR/USD.

  • Minimum deposit: R1500

  • Regulation: FCA, cysec, ASIC

  • Bonus offer: 100% deposit bonus for new first time signups ($250+ or ZAR 40,000+ approx. Deposit required)


Ranked #4 ZAR account forex broker


Plus500 is one of the leading forex trading platform. They are well regulated with multiple top tier regulators including with ASIC, FCA & cysec. Moreover, their company is also listed on the london stock exchange and is thus considered a relatively safe broker for traders in SA.


Fees: plus500 offers competitive spread to the traders – as low as 0.6 pips for the benchmark EUR/USD. They also do not charge any fees for withdrawals or deposits.


Moreover, there is no other volume/lot based commission on forex trade. The only fees that it charges are the spread.


Trading conditions & features: there is only a single account type for retail traders at plus500. The minimum deposit is ZAR 1500 and the max. Leverage is 1:300 for SA traders. The broker also provides protection for the negative balance and assured stop-loss protection. This is without charging any additional fees.


Traders can choose from 71 currency pairs, 1000+ cfds on stocks. The other asset classes include 8 commodities, 7 cryptocurrencies, 8 indices, 6 energies, and 4 precious metals.


Plus500 offers you its proprietary trading platforms for web and mobile trading. On the downside, this platform is not accessible in desktop.


Decent support: customer support is available through live chat, email & whatsapp. There is also a decent faqs section for self-help.


Live chat support can be accessed only when logged in. It is necessary to fill contact form for availing e-mail support. On testing, we received a response within 1 hour on a weekday.



  • Regulated with 2 tier 1 regulators FCA and ASIC.

  • Competitive spread for forex majors and crypto cfds.

  • Their platform provides access to 15 crypto cfds.

  • No charges for withdrawals and deposits.

  • Good mobile platform/app.

  • Good risk management features including guaranteed stop loss protection & negative balance protection.




  • Plus500 proprietary platform for trading is not accessible on desktop.

  • Third party popular metatrader or ctrader platforms are not available.

  • Account options are limited.

  • Education section for traders is very limited.



Why choose a ZAR account forex broker?


There are a few advantages to trading with a broker that offers ZAR base currency accounts.


A. Depends on your mostly traded trading instrument:
this is if your account is funded through the most frequently traded quote currency. For instance, if you mostly trade south african rand pairs with quote currency in ZAR such as USDZAR, EURZAR, GBPZAR, then there may be certain advantages to opening ZAR account.


If your account is funded in ZAR, then your account balance will be in rand, and all your profits too will by default be converted into ZAR (rand) once you close the trade. In case you are trading mostly ZAR quote currency pairs, then a conversion transaction will not be required. You will also save the commissions if your broker charges commission for the transaction to convert.


It is preferred if your account currency is the same as the quote currency of your most traded pairs. If not, you will lose during the re-conversion of funds to your funding currency each time you trade. You may have to pay an extra commission each time you trade if the broker charges for conversion. This could add up to much eventually.


B. Conversion charges during withdrawal (by your bank and/or the broker):
once you decide on the withdrawal, you will want to get withdrawal from your broker in your south african bank account.


In case you hold a ZAR account, the broker can directly send your withdrawal in rand. Instead consider a case where you request the withdrawal in USD (if your base currency is US dollar), then your bank, broker (or both) may charge you fees for the USD wire transfer to your SA based bank account.


Here, the currency conversion fees/spread on exchange rates of anywhere from 2%-6% could be charged by your bank. If the USD/ZAR exchange rate is 19, your bank will charge its fees on the exchange rate and offer you around 18.6. Your broker and bank may also levy wire charges for receipt of USD payments.


But in case of ZAR account, it is very likely that the rand withdrawal transfer by broker be from the broker’s local bank account in south africa.


This will save you the fees for withdrawal that can incur for your wire withdrawals.


Comparison of forex brokers with ZAR accounts


Below comparison table shows the features, fees of SA forex brokers that offer ZAR accounts.


ZAR forex broker regulation average spread (EUR/USD) leverage minimum deposit visit website
hotforex ZAR account FSCA, FCA, cysec 1.2 pips with premium account up to 1:1000 $5 (

Frequently asked questions: ZAR account forex brokers


Which is the best forex broker that offers ZAR trading accounts?


According to our comparison these 3 brokers offer ZAR base currency option & are better than most other brokers out there for similar features:



  1. FSCA regulated & offers ZAR account: hotforex

  2. Good trading app: plus500

  3. Low spread: XM broker



Are there any advantages to opening a ZAR trading account?


Yes, there are some benefits but it mostly depends on your choice.


If you mostly trade on rand pairs like USD/ZAR then it is preferred to open a ZAR account with the broker. As you could save on the conversion losses.


Moreover, another plus point to creating ZAR account over USD or EUR, is that you can make deposits & withdrawals in rand. In this case, there will be no losses on exchange rates or transfer fees that would be charged by your bank (or broker) if you were to say make transfer to your broker in USD.


Which ZAR base currency account forex brokers are regulated with FSCA?


As per our research, there are about 10 FSCA regulated forex brokers that offer ZAR accounts. We have listed 3 such brokers here in our list (last updated in august 2020): hotforex, fxpro & blackstone futures. We will add more ZAR account offering brokers in this list once we have compared their features & fees.


In terms of fees (USDZAR benchmark) – hotforex has 90 pips spread on average with their premium account (1.2 pips for EURUSD). Blackstone futures has spread as low as 10 points (variable) for USD/ZAR currency pair.


ZAR account brokers comparison summary


Here are our 2020's 3 recommended best forex brokers with ZAR account.





Trading cfds is risky. Your capital is at risk.
Disclosure: we earn a commission if you sign up with a broker through referral links in this review. This helps us cover the expenses for running the website.


Hotforex is the #1 ZAR account broker


Forexbrokers.Co.Za is a broker comparison & education website for south africans. We aim to help traders in south africa find the best forex brokers. Read more..


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  • Risk disclaimer


Risk warning: trading leveraged instruments such as forex & cfds are risky and can result in lose of your capital. Read full risk disclaimer..



Compare share dealing accounts


A share dealing account could help you to add value to your portfolio whether you are a new or experienced trader. Compare platform fees and the price per trade to find cheaper investing.


Your investments are not guaranteed; they can decrease in value as well as increase and you may not get back
the full amount you put in.


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  • Most popular

  • Share dealing

  • Online trading

  • Execution only

  • More from share dealing

  • Certificated

  • Share dealing guides

  • Who we compare


What is a share?


A share's a unit of ownership in a company. To work out the value of a share, you divide the value of a company by the number of shares available. It's important to understand this when you're choosing the best shares to buy.


If a company's valued at Ј50 million and there are 25 million shares available, the share value is Ј2. But this value can rise and fall, depending on how the stock market performs and other economic factors.


Share dealing is a form of investment trading. It lets you buy and sell shares in publicly listed companies using a share dealing account.


How to buy shares


If you're wondering how to buy shares and sell shares online here's a step-by-step guide:


Find an online share dealing account. Use this share dealing comparison table to compare different accounts. This'll help you find the right one for you.


Open your chosen share dealing account. Transfer in however much money you want to use for buying shares.


When you're ready to buy shares, choose which ones you want and buy them through your account. Then you can start share trading. That's when you buy shares and sell them through your chosen trading platform.


If you're interested in how to buy shares in other ways, you could use a traditional stockbroker, financial adviser or investment manager. You can find out more about share dealing here.


Which are the best shares to buy?


When you're buying and selling shares, you'll need to think carefully about what you choose to invest in.


You should think about how much you want to invest; how long you want to invest for; and how much risk you're willing to take.


If you're looking for help on which companies or stocks to invest in, it's a good idea to get the advice of a financial adviser or broker.


Buying shares through a share dealing broker


If you're thinking about how to buy stocks, UK investors sometimes like to use a specialist broker. They act as a middleman between you and the stock market.


A broker will buy stocks and shares, and sell them, on your behalf. They'll be aiming to get the best price possible for you.


There are three types of share dealing brokers who can buy shares on your behalf. If you want to use a broker, you'll need to know how to buy and sell shares through each type before you choose one.


Execution only brokers follow your instructions to buy shares - and sell them - without giving you any financial advice.


Advisory brokers advise you on the best shares to buy and sell but leave the final decision up to you.


Discretionary broker take complete control of buying stocks and shares for you. But they usually have higher share dealing charges on their services.


If someone else is going to be buying shares on your behalf, you'll need a brokerage account.


What is the best online share dealing platform?


If you're interested in buying shares online, you'll need to choose an online share dealing platform. The share dealing account comparison above shows brokers that let you make share dealing trades online.


When you're deciding which platform to buy shares on ask yourself these questions:


How often do you want to trade?


How much money do you want to invest?


It's important to think about your own personal needs and goals when choosing a share dealing platform.


Buying and selling shares


You'll use your trading platform to buy and sell stocks and shares.


When you want to sell, you can either sell a specific number of shares, or sell your shares by their value.


If you want to sell all the shares you own in a company, you'll have to sell them by number.


It's important to know that when you sell your shares, you might be quoted a price that's lower than what you originally paid.


Once you make the order to sell, the transaction's done. The money from the sale will then appear in your trading account.


Paying tax on shares


You will not need to pay tax on your profit or purchases if your shares are held in an ISA. If they are not, you may need to pay capital gains tax and stamp duty.


You will need to pay 0.5% of the trade's value in stamp duty reserve tax (SDRT) if you buy UK shares that are settled through CREST (the UK electronic settlement system).


If you buy shares that cannot go through the CREST system (known as 'residual securities') you will still need to pay 0.5% SDRT, but rounded up to the nearest multiple of Ј5 and only on trades with a value of over Ј1,000.


When you sell your shares, the amount of capital gains tax you pay will depend on which income tax bracket you are in and how much money you make from the sale. In the 2020-21 tax year, capital gains tax is 10% for basic rate taxpayers and 20% for higher and additional rate taxpayers.


For the 2020/21 tax year there is a capital gains tax-free allowance of Ј12,300. Your gains would need to exceed this in order for you to be required to pay capital gains tax.


What costs to look out for when you start share trading


Before you open a share account and start looking at how to buy shares, there are some share dealing costs to think about.


The charge per trade is how much you pay for making a single share dealing trade.


The frequent trader rate is a discounted charge per trade for doing a minimum number of deals each month. It's a good way to save on your share trading.


Platform fees are an annual cost for transferring money in or out of your stock account. But not all accounts charge these - most accounts are free.


It's important to look at share dealing fees before you make any decisions.
The share dealing comparison shows how much each share dealing account charges you per trade.


How can shares earn you money?


When you start buying shares and selling them, there are a couple of ways you can earn money.


One way is through growth. That's when your shares increase in value and you can sell them at a profit.


The other way is through dividends. These can be paid out a few times a year, based on company performance. Remember that not all shares offer dividends. If yours do, the amount they'll pay out is based on how many shares you own.



CBK forex brokers in kuwait


The central bank of kuwait (CBK) was established in 1968, and it is one of the largest financial institutions in kuwait. The bank replaced the currency board which had limited power (issuance of banknotes and coins), while the CBK is also in charge of developing and implementing monetary policies and supervising bank activities. The financial and monetary policies are aimed at contributing to social and economic development of the country; stabilizing the national currency, the KWD (kuwait dinar); and enabling free convertibility into other currencies. The bank is also a banker and advisor to the government. The bank is in charge of developing credit policies to enhance national income and contribute to social and economic growth. The KWD is a very strong currency thanks to a strong market in oil exports. Oil accounts for 94% of the country’s exports. The KWD is stronger than the USD (0.30 KWD equals 1USD).


Forex brokers under CBK supervision


The CBK is in charge of the forex market and all other capital markets. Forex companies in kuwait have to comply with the rules and regulations defined by the CBK. The CBK is a serious institution, and there is not much space left for manipulations by forex companies. They have to meet the high standards of the industry and fulfill all obligations related to getting the CBK license. Those mostly include sufficient capital for covering the risks, consumer protection, transparency, and fairness.


Advantages of dealing with CBK regulated broker


The CBK takes their role as a regulator very seriously. Kuwait forex brokers who obtain their operating licenses are the ones that employ truly transparent, fair and honest business practices. Kuwait, as a rich and financially stable country, has no need to allow shady operators. For this reason, the number of CBK licensed brokers is not big. There aren’t that many companies ready to put their entire business operation under the scrutiny of the CBK. Those who do are the ones you can fully trust with your money and your investments, as they will certainly treat you right.


Kuwait and international forex brokers


Many international forex brokers also operate in kuwait, trying to secure and attract clients from the middle east who are also more than interested to participate in the dynamic market. The kuwaiti, as well-off people, try to make some profits themselves by trading currencies. This is not unusual since almost entire middle east is engaged in the forex business. Some participate to win extra cash, others for entertainment, etc. Just like the western world, middle east traders are also eager to place trades and to find good brokers who take good care of their clients. Forex is a global business and does not differ much in the eastern world. The business conduct, supervisory bodies, and trading styles are more or less the same all over the world. If traders would like to trade in an exotic market, they should not be discouraged by foreign cultures since the forex business works on the same principles regardless of the destination. Traders can also look for famous brokers who are registered in the desirable foreign country. Kuwait is an attractive destination for broker companies because the value of the national currency suggests that the population is wealthy and that people would be willing to invest their money in lucrative, profitable possibilities. However, this also means that there are some forex brokers in kuwait who try to fly under the radar and operate without a proper license. As a rule of a thumb, if you are looking to trade with a broker offering services in a particular country, you should always look for those who are also licensed in that country. In this particular case, it means finding CBK regulated brokers. Always remember that serious brokerage firms will go that extra mile to get a local license in order to reassure traders about their intentions. While licensing process can sometimes be painstaking, it is well worth it for the companies that truly want to establish their position on the market.



Forex no deposit bonuses


Forex Free Bonuses
Presented free bonuses are a great way to learn about the forex market. By real cash trading, you can feel the emotions and pressure related to the struggle for earning real money. No deposit require bonuses are the best option to start trading without the risk of losing your own money. Here you will find the best no deposit required bonuses offered by forex brokers. Information are regularly updated. Click “broker review” to view details of broker or “more information” to view details of promotion.


List of free forex no deposit bonuses 2021



Forex no deposit bonuses 2021


No-deposit bonuses, which require or may require a deposit in order to withdraw them or profit


Ended bonuses


Is it really free money?


Yes. Brokers offer free bonuses with real money. They are free but require you to do certain activities to receive them and to withdraw them.


Can I withdraw no deposit bonus?


It depends. Some bonuses can be paid out and others cannot. On the other hand, almost always profit is withdrawable.


What should I check when choosing a bonus?


– terms and conditions, the bonuses with the detailed rules are much more reliable
– possibility and requirements to withdraw the bonus
– countries where it is available
– verification procedure, required documents
– possible fees for inactive account


Why brokers offer forex no-deposit bonuses?


To promote themselves. It’s a great way to encourage traders to start trading with the selected forex broker.


What is the difference between no deposit bonuses and deposit bonuses?


No deposit bonuses are incentives that are very rare. Getting this means that the broker is shelling out something to get the investor without receiving a deposit. However, it is best to read the fine print on any advertisement and clarify the information before deciding on this. As opposed to the no deposit bonus, forex deposit bonuses are promotions that are given to new traders who deposit investment money for the first time. There are some brokers who offer this every time additional money is deposited to the account.


Leave a comment or suggest new forex non-deposit bonus


What’s new?


Hotforex – 100% supercharged bonus


Seven capitals – real $100 account


XM group – year of the metal ox


XM group – red envelope 2021


Roboforex – welcome bonus 30$


117 COMMENTS


Friends. Do not enter these brokers, they are thieves. Brokers have to offer an ECN account welcome bonus


Thanks you are doing great things


Scam scam scam scam scam and big scam
windsor brokers free account $30
I make 31.40 profit when i send to request for withdraw my profit my account is terminated and after received this mail.
Please be informed that the company is not able to verify your identity and therefore may not allow you to proceed with the opening of a trading account as of the 10/07/2020.


So, guys please, don’t waste you time on windsor brokers


Thanks for advice, which one is better?


Can someone here please recommend a trustable NDB broker,really really needed.Thanks for the help in advance .Stay safe!


I once traded with them but only my luck of knowledge…..But they are cool!


As long as the road is right, you are not afraid of the road


Od, and problem solving are concerned as wel facebook.Com


Comment: fund your own account if you don’t want sh***t to happen. These bonus things are have impossible T&C’s, some of the rules change during the course of the trading journey


Traders never ever trade with extreme forex because they are extremely scammers.I traded with their no deposits bonus and completed 5lots with 3weeks but they didn’t allow withdraw


There is no single bonus of new bonuses without proper deposit
all – other than it’s small and trivial – are also false
each of the companies that advertise their offers sets conditions that are impossible to meet
please contact the site management to review these bonuses and make sure they are serious and credible
if I found false do not enable this company to advertise on the site
because these companies are fraudulent and advertising through the site will cause the site to lose its credibility
I hope to work and repeat please that the administrators of the site work with this advice
thanks management site


Ive been try for the freshforex no deposit with bonus of 2019.. I have been trade for 7 days after they withdraw my profit 112 dollars this is. A big scam bonus.


25% deposit bonus
open a new live account and receive a deposit bonus up to $500.


The following terms and conditions apply:


The bonus will be deposited together with your initial deposit.
The minimum deposit for the deposit bonus is $500.
Once we have received your deposit, we will add 25% more in your trading account as a credit, for example if you deposit $1000, we will add a $250 credit, for a $2000 dollar deposit $500 will be added etc.
The maximum deposit bonus credit is $500.
The bonus credit can be withdrawn after the total volume of traded orders reach bonus size divided by 2. For example if your deposit is $1000 and bonus $250, in order to withdraw the bonus, you need have traded at least 125 full lots during the past 6 months.
The campaign applies only to new clients unless invited separately.
Only one deposit bonus is allowed for each client. Family members are not considered as new clients.
The bonus credit cannot be used for margin. If your account balance drops to 20% of your original deposit, the bonus credit will be removed.
Max leverage for accounts with the bonus credit is 1:200.
The bonus has to be requested separately after your account has been activated.
Assetsfx reserves the right to make changes to these terms and end the campaign at its own discretion without any prior warning.


Instant cash back
open a new live account with at least $500 and receive $1.50 instant cash back for each lot you trade!


No need to wait until the end of the month and calculate if have you opened enough trades. We return immediately $1.50 per lot to your account as soon as the trade has been closed.


The following terms and conditions apply:


The minimum initial deposit for a new account is $500 or equivalent in BTC.
The promotion applies only to new clients or returning clients who have not traded their account for at least 6 months.
The bonus has to be requested separately after your account has been activated.
Applies only to forex pairs and metals.
Cannot be added to an account which has been signed under an IB.
Cannot be combined with any other promotion.
Assetsfx reserves the right to make changes to these terms and end the campaign at its own discretion without any prior warning.


Windsor is a scam broker i applied for no deposit bonus when i made 71$ and place the withdraw request they refused and replied you are not entitled for this bonus i advise all the brokers please please don’t waste you on windsor this is a shit broker………


هi trade with them and i take my profit bro i toke 131 dollar


Tell meh about broker you use plz
claudyjumaa@gmail.Com


Which broker did you use,sir?


Roboforex scam don’t open account with them I, after my account verified they said I can’t get 30 bonus


Roboforex is indeed a scam after I verified my doc the say antifraud won’t allow me to receive a bonus


From what I read. You need deposit $10 using your own bank card in order to get the bonus. Please read the terms before registering to any of bonus offered.


Thanks for advice, which one is better?


Hello I just want to know which broker I should open please I open FBS n when I withdrew their tell me stories


It sucks in mongolia, scammed many traders, have issues with withdrawing and pricing. Also it sucks it disapperas money from account (used, regretted, not recommended at all.


XM ер нь хамгийн сайн нь байх гэж бодож байна найзаа. Яагаад гэвэл шалгуур болон боломж нь илүү найдвартай байдаг шд.


Withdraw хийхэд дажгүй болоод л байдаг шд. Удаан л болохоос *hehe*


Haha..I know this brooker very well. I dont wanna lost even bigger with them.


I start my trade with xm and he is the best broker my son introduced me and now I experience myself that he is one of brokers i chose and i recommend my students also to register with xm with 30 no deposit bonus you can make good profit


What are the requirements or terms and conditions before you withdraw ur profits you made by their bonus?


Tell me about they keep saying staff that don’t make sense hot forex is the best


Actually I use FBS withdrawal is easy


WELCOME BONUS OF USDT 100 ( no-deposit bonus )


Inoex exchange offers you the free funding of USDT 100 as welcome bonus to commence risk-free crypto trading.
As, we have integrated meta trader 5, we are pleased to offer ease in trading using salient features of meta trader 5.
Bitcoin, ethereum, ripple; these are some of the highly traded 30+ crypto currencies that you can trade against USDT in meta trader 5.
And the best part is you can trade these at leverage of 1:100. This means you have high margin of profitability as you can control and manage your trade with more sophistically.


When it comes to withdrawal, we offer instant withdrawals on profits made by using USDT 100 welcome bonus. (T&C applies)
our dedicated support team is available 24/7 to help you out of any problem, if any.
In short, inoex gives you the free balance to trade in meta trader 5 and you will have instant withdrawal of profits from the trading.


Sign up now: https://inoex.Exchange/en/index.Html
download MT5: https://inoex.Exchange/en/mt5.Html


Terms and conditions
for USDT100 welcome bonus, you are required to open account with inoex exchange
to avail the USDT100 welcome bonus, you are required to request by contacting us
welcome bonus will be credited to your meta trader 5 trading account
this welcome bonus is in the ownership of the company and is not cash-able
30+ crypto currencies are available for trading including bitcoin, ehtereum, and ripple
the profit can be withdrawn at any time, as long as the equity is at least USDT 100
if the equity is less than USDT 100, withdrawal will be rejected
maximum profit, which can be withdrawn, is equal to USDT 200
withdrawing the profit, welcome bonus and all remaining profit shall be taken out from the trading account
to withdraw the profit, client must deposit at least USDT 100 in the trading account
to withdraw the profit, client must commence trading of 10 lots
the welcome bonus has unlimited duration and can be cancelled at any time on sole discretion of the company
profit earned using welcome bonus is also under the ownership of the company and can be cancelled at any time in sole discretion of the company
it is strictly prohibited to get the welcome bonus again by using a new registration or new trading account
by having this USDT 100 welcome bonus, you agree to the right of the company to cancel the bonus and all profits obtained through the bonus at any time without giving any reasons at sole discretion of the company


Đã nêu chương trình khuyến mãi không cần ký gửi mà yêu cầu phải nạp 100$. Khác gì lừa đảo.


I have profit from broker amega with use promo 222 usd account and i withdraw my profit 22.39 usd from my account 1000016874


I have profit from broker amega and i withdraw my profit 22.39 usd from my account 1000016874


I’m just starting trade with amega no deposit bonus $222.So far this broker is very fast when you close your order.My friend have two times withdraw with no deposit bonus $222.So I recommend this broker you should try.


Many of the bonnets without filing have become unreal
so we ask the officials in the site not to announce them so as not to lose credibility
examples of these bounses:
1 – XM group
2 – kirik markets
3 – forexchief
4 – corsa capital
5 – fxplayer
6 – upforex
7 – CF merchants
8 – fxreino
9 – fxlinked
10 – windsor brokers
11 – emporio tradin
12 – N1CM
13 – FW markets
14 – world forex
15 – paxforex
16 – fortfs
17 – fxgiants
18 – tradevest
19 – continue FX
20 – honor FX
all these companies are fraudulent


XM GROUP is exempted they can be trusted


Si asi es yo retire 1000 dolares de ahi en xm si se puede comerciar


Fraudulent as [moderated] XM


Comment: i give signals, will you try it out.


Uniglobemarkets is offering $100 no deposit bonus
NO deposit bonus $100
https://www.Uniglobemarkets.Com/fb-no-deposit-bonus/


The terms are so unfavorable. 15 lots so many to meet for one to be able to withdraw, no joke when dealing in a volatile market.


I want a no deposit trade


Following no deposit bonus promotion, there are rules to look for. Many traders are late aware of the shortage because they do not really understand the rules. If it is like that, then it doesn’t matter how good the trading, it will not bring desired profit. Therefore, before signing up for a no deposit bonus, understand carefully every policy specified by broker. If you object to the rules, it’s better to leave early than to regret later. After all, no deposit bonus promotion not only available in one broker. Every traders are free to choose the most ideal no deposit bonus promotion according to their condition.


Hello. My account 26258 REALTRADE. I trading profit 70 eur and withdraw to skrill. I waiting money 10 day and support silent…. Broker scam! Carefully.


Https://fxfinance-pro.Com very good brokers offer $100


How do I claim the bonus?


I’ve used windsor and I traded and made 32$ profit and I did withdraw to webmoney they approved my request very fast


If you want a real NDB that you have dreamed about, unlike any other, join the fxfinance-pro promotion before it ends. No limits on profit! Only 1 lot per $10 requirement! No restrictions!


I am so tired of reading bogus reviews running down brokers with this word “scam”. I can bet that most of them are made by people without proper ID or they have used irregular trading methods to obtain profits and lot requirements. These reviews are made in frustration and provide no help to those of us who are looking and searching to kick off their trading careers with a NDB. One of the purposes of no deposit bonuses is to attract new clients and for the broker to test trading conditions. You cant expect to just take something and not be prepared to give something back in good faith. They cannot do their research if you are not trading in a normal fashion.


Another thing is that if you are stupid enough to allow an “advisor” to take over your account and do your trading for you then you shouldn’t cry when you lose all your money. Just because you lost all your money on a bad trade doesn’t necessarily make that broker a “scam”. It is the name of the game. You must know when to pull out of a bad trade before you lose everything. Make your own decisions on when to trade. There are no fantastic “once in a lifetime opportunities” to be missed in this game. Don’t let anyone try tell you that! The stock market exist with thousands of instruments breaking out in all directions every minute. Things go up and down all the time 24/7 365 days a week. Every one is an opportunity not to be missed. Have read fundamental analysis by top “financial experts” saying completely different things on the same day on the same trade. I have read multiple experts all saying the same thing and the market failed to respond. No one knows for sure. Do your own research and use and trust your own instincts. It must be great to be an advisor and play with other people’s money! Their advice is not flawless. They have nothing to lose and will gamble with your hard earned savings without a shadow of regret. Sometimes their job might be to in fact make you lose your money in the case of a market maker stock broker (as opposed to ecn or dma) who would benefit from that, and to get their commission. Their instrument for making making money isn’t the stock market, it’s the telephone! How can you trust someone who you have never ever seen?


That doesn’t make market maker stock brokers a bad thing. I would warn people not to accept a mentor. Be careful if you are asked to provide credit card pics revealing all the numbers or asked to give the numbers over the phone. Don’t give verbal agreement to allow the operator to make a deposit. Only make deposits within an encrypted website. It is possible that account managers act on their own scam operations within good brokers in their greed to earn more commissions. I have no doubt there are some brokers that are complete scams though.


Who can you trust? That is what these reviews are for. To give useful information. Sometimes you may even get a review site that looks good but is a part of a scam and will adverise the scam broker included with the good ones! You can’t just accuse everyone you don’t like as a “scam” or because they didn’t open your account. To “scam” means to steal something valuable from you. If you didn’t make a successful withdrawal from a NDB does NOT mean you got scammed. You can’t get scammed out of a no deposit bonus. You have absolutely nothing to lose except your ID theft at the worst. The only way to do your research and avoid getting
your ID information stolen is to read reviews. Just bear in mind that most of the reviews are bogus and not a true reflection of the broker. If you were not successful with a NDB does not mean that you have been scammed. They have the right to cancel the agreement at anytime and it is the basic agreement of every NDB. They do not have to provide a reason and spend time negotiating on your credibility. I would say that most of the people pointing the scam finger are themselves guilty of doing the scamming or guilty of some dodgey move. That is why they were not paid out. It’s a pity that successful withdrawls are rarely posted.


NDB’s are there for us to learn from our mistakes, and if you are very very very lucky you will be able to actually begin a trading career without an outlay. Most of the time it is just a deposit bonus in disguise. It is very difficult to make any success with anything less than $100 so a lot of them are just a waste of your time. Some of them require you to close 50 lots to achieve $25 which is only available if you deposit another $25!


Like you I have also lost many NDB’s with almost every broker out there trying to get off the ground. I hope that you have learnt your lessons through these experience as I have.


So far I have been lucky with fxfinance-pro. I haven’t made a requested for withdrawal yet, but I have faith that these ruskies will honour the agreement. They don’t have online chat or account managers calling you every five minutes, but if you have a problem their support will get back to in around 24 hours.


Posting this review is not part of their bonus agreement although you do have to make a repost on a russian site merely explaining the terms of the bonus. They do not pay you to make reviews like this, so before you accuse me of working for them, f@# you in advance.


I put my cock on the block and recommend fxinance -pro for a REAL and proper NDB that can get you started and a russian broker you can trust.


Am so happy with this review because likes you just said I have lost many NDB and just lost one today with a very big lesson out of it which made me to start another search again for another NDB and I guess I have found one and strongly believe that this very one will get me started. Thanks.


Hi, bro. I’m a beginner in this world and reading you I noticed you know a lot about it. I would like to talk to you about trading. Can we? Here is my phone number to chat via whatsapp +57 (310) 770-7998.


Ilqar august 7, 2017 at 6:01 pm


Terms & conditions of no deposit bonus


To take part in the promotion, you need to be a client of “GICM” with a real account and verified personal details
minimum withdrawal is 25 USD
bonus amount can’t be use for internel transfer
account should be maintained with us for 30 days
trades should be done as per our terms and conditions
only profit amount allowed to withdraw and it will be processed in any of our payment methods in the direction of company.
The bonus can be awarded once per household or IP address or phone number or a customer.
Good groker il like it
reply


Well, I do find fresh forex as a good broker. I utilised their no deposit bonus and made profit from trading and withdrew without a problem after fulfilling the necessary lots. The speed and execution on their ECN account is great, the customer service is very helpful. No commission on deposits and I am actually impressed with the overall service, so far so good. I recommend.


Why on their terms and conditions written that you should deposit funds similar to gained profit for you to withdraw?


I believe capital one is a scam, the way they spam is so serious.


Totradefx $15 no deposit bonus


The best no deposit bonus offer is back from totradefx.. Register now and get $15 absolutely free.. Best conditions to with draw bonus


These are good brokers XM, fx pro, iron FX and hot forex.


WTF iron fx just askme to deposit 40k to start trading…



Compare brokers for mini accounts


For our mini accounts comparison, we found 19 brokers that are suitable and accept traders from united kingdom.


We found 19 broker accounts (out of 147) that are suitable for mini accounts.


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About XTB


Platforms


Funding methods


82% of retail investor accounts lose money when trading cfds with this provider.


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About IG


Platforms


Funding methods


76% of retail investor accounts lose money when trading spread bets and cfds with this provider


Avatrade


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About avatrade


Platforms


Funding methods


79% of retail investor accounts lose money when trading cfds with this provider.


Forex.Com


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About forex.Com


Platforms


Funding methods


79% of retail investor accounts lose money when trading cfds with this provider


Axitrader


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About axitrader


Platforms


Funding methods


68.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


Etoro


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About etoro


Platforms


Funding methods


71% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.



City index


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About city index


Platforms


Funding methods


73% of retail investor accounts lose money when trading cfds with this provider


Easymarkets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About easymarkets


Platforms


Funding methods


83% of retail investor accounts lose money when trading cfds with this provider.


Admiral markets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About admiral markets


Platforms


Funding methods


83% of retail investor accounts lose money when trading cfds with this provider


Thinkmarkets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About thinkmarkets


Platforms


Funding methods


Losses can exceed deposits


Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.


The ultimate guide to


Pros, cons and characteristics of a ‘mini account’ in online trading


Introduction


A trading account is a basic but compulsory requirement for all online trading activity. The trading account is the depository for trading funds and holds information about a trader’s activity. All funds deposited, whether by wire transfer, credit/debit card or by transfer from a trader’s ewallet, such as paypal or skrill, are sent to the trading account. Equally, any returns a trader has been able to accumulate from trading are deposited in the trading account, from where they can be withdrawn.


All traders are not created equal and some brokers have used this knowledge to develop and implement a system of stratification. This means that different account types have been created, each with their own unique characteristics designed to suit the needs of a particular segment of the broker’s client base.


Brokers that offer various account types tend to offer three main types of online trading accounts. These are:


These accounts can have different labels applied, but the architecture of the accounts follows the classification stated above. Mini accounts are the focus of this article and will be discussed in more depth below.


Characteristics of mini accounts


Mini accounts can be described as basic level or entry accounts. They are meant for new traders or those who are entering the world of online trading for the first time. The primary factors that distinguish mini accounts from the other account types are the following:



  1. Minimum deposit amounts

  2. Trade size

  3. Maximum size of investment

  4. Accessibility to certain features



The capital requirements for mini accounts are usually smaller than those for other account types. It is not unusual to see the minimum deposit amounts for mini accounts to be as low as £100 on some platforms, whereas VIP accounts on the same platform may require a minimum of £20,000. There is a reason for this. Entry level traders are not very skilled at trading and using money management techniques. For their own protection and also to enable them to get acquainted with the market using smaller trade sizes, the brokers set a small entry bar for these traders.


Such low minimum deposit requirements also mean that the trade sizes which can be used for online trading are quite small. Mini accounts will usually allow micro-lot trading (i.E. 0.01 lots), with positions sizes not exceeding a few mini-lots. Mini account holders are usually not allowed to hold standard lot positions and are also not allowed to execute full CFD (contracts for difference) contracts.


Mini account holders usually gain access to basic features, which can be increased as the trader steps up the account level.


Mini account pros


What are the benefits of using a mini account?


New traders need to be encouraged, and brokers make this easy for them by introducing a low entry bar for these traders. These accounts do not need to be heavily capitalised.



  1. They are accessible to a greater number of traders. Most people can find £100 to trade with, but not the VIP-level amounts.

  2. They are suitable for a learning experience in the real money trading arena. Mini accounts provide a suitable transition from a demo account to real money trading.



Mini account cons


The biggest issue with mini accounts is that these accounts are not suitable for traders with some level of experience. Once some experience has been acquired by the trader and the desire to start trading larger positions sets in, the mini account will no longer be suited for such purposes.


In addition, mini accounts lack some of the essential features that may enhance trading outcomes, which available to other traders. It is not unusual to see a standard or VIP account holder being given access to daily market analyses and very regular updates, but mini account holders are lacking some of these facilities.


Example of the Different Types of Trading Account


Example of the different types of trading account


The snapshot says it all. The basic account here (which is the mini account) does not offer technical analysis, does not allow scalping and commissions on CFD trades are higher than the standard and VIP accounts (premium and advanced accounts shown here).


Regulated brokers that offer a mini account


Traders such as XTB offer a mini account, which they refer to as a basic account. Their basic account offers fixed spreads, with a minimum spread of 2.0. For their standard and pro accounts, they offer clients floating and market spreads, respectively, with much lower minimum spread values. Guaranteed stop loss is also a feature of the XTB basic account.


In conclusion, a mini account as an online trading setup is the most appropriate account for those who want to make the transition from demo trading to live account trading, however, once a trader becomes more advanced, they will most likely require a standard account to meet their needs.


Why choose XTB
for mini accounts?


XTB scored best in our review of the top brokers for mini accounts, which takes into account 120+ factors across eight categories. Here are some areas where XTB scored highly in:



  • 16+ years in business

  • Offers 1,500+ instruments

  • A range of platform inc. MT4, mirror trader, web trader, tablet & mobile apps


XTB offers three ways to tradeforex, cfds, social trading. If you wanted to trade EURUSD


The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.


XTB have a AAA trust score. This is largely down to them being regulated by financial conduct authority, segregating client funds, being segregating client funds, being established for over 16


Trust score comparison


XTB IG avatrade
trust score AAA AAA AAA
established in 2002 1974 2006
regulated by financial conduct authority financial conduct authority and ASIC central bank of ireland, ASIC, IIROC, FSA, FSB, UAE and BVI
uses tier 1 banks
company type private private private
segregates client funds

A comparison of XTB vs. IG vs. Avatrade


Want to see how XTB stacks up against IG and avatrade? We’ve compared their spreads, features, and key information below.





So, let's see, what we have: I just want a broker that has that currency. At brokers that offer kwd accounts

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