Many of you might know that the regulated broker Eurotrader offers three types of trading accounts, including- Micro, Zero, and Hero. In this ForexFactory thread, according to our analysis, we will let you know which one of those types of accounts is the most worthy and cost-effective for retail forex traders.
To let you know, we are saying that $50 is the minimum deposit for a Micro account, $500 for a Zero account, and $25,000 for a Hero account. In bare eyes, It appears micro account is the best option for a retail trader.
But if you take into account the cost amount, we will say that the ZERO account of Eurotrader broker is the best option for retail forex traders.
Why is the Zero account the best option for Retail Forex traders?
- Look, if you use the micro account of the Eurotrader broker, you are left with no option for selecting commission-type or spread-type. But the thing is different for the Zero account, as you have the options available here.
- A ZERO account is more cost-efficient for you than a MICRO account, which is considered one of the best facilities you are going to enjoy with the ZERO account. To put it simply, whereas the spread in a micro account is 1-1.2 pips, it is only 0-0.3 pips in a Zero account. So, the difference in spread between these two types of accounts is clearly visible.
- Contrarily, to talk about money-making opportunities, in a micro account, your maximum trade lot size will be not more than 10, whereas it is 50 in a Zero account. So, the money-making opportunity with a Zero account is 5X more than a micro account.
That’s why we highly recommend you Zero account of Eurotrader broker if you would like to trade large capital cost-effectively with a high security.
To let you know, we are saying that $50 is the minimum deposit for a Micro account, $500 for a Zero account, and $25,000 for a Hero account. In bare eyes, It appears micro account is the best option for a retail trader.
But if you take into account the cost amount, we will say that the ZERO account of Eurotrader broker is the best option for retail forex traders.
Why is the Zero account the best option for Retail Forex traders?
- Look, if you use the micro account of the Eurotrader broker, you are left with no option for selecting commission-type or spread-type. But the thing is different for the Zero account, as you have the options available here.
- A ZERO account is more cost-efficient for you than a MICRO account, which is considered one of the best facilities you are going to enjoy with the ZERO account. To put it simply, whereas the spread in a micro account is 1-1.2 pips, it is only 0-0.3 pips in a Zero account. So, the difference in spread between these two types of accounts is clearly visible.
- Contrarily, to talk about money-making opportunities, in a micro account, your maximum trade lot size will be not more than 10, whereas it is 50 in a Zero account. So, the money-making opportunity with a Zero account is 5X more than a micro account.
That’s why we highly recommend you Zero account of Eurotrader broker if you would like to trade large capital cost-effectively with a high security.