About Minimum Deposits
To activate your account and begin trading you need first to transfer an amount to your Broker. Now the minimum deposit requirements between the Brokers differ a lot and this can even become even more complicated when you have to choose between the different accounts that your Broker offers. The Mini account may request a minimum deposit of $50 but for a Standard account with better trading conditions and services you will need to deposit $1,000.
To choose a specific Forex Broker is already a hard decision but also to choose which account you want to activate and how much you need to deposit so you can activate the account makes the decision even harder. There are Brokers that offer 5 different account types but in general Brokers decide to offer three different account types. They usually create the accounts according to the trading experience of their clients. For a beginner without any knowledge in the market they offer the Mini account that the minimum deposit requirement is relatively small. For clients that have already traded in the past and they have a general knowledge of the market they offer a Standard account that the deposit is higher but the conditions and the spreads are better than the Mini account. For professional traders with years of experience in the market they offer the Premium or Professional account with the best conditions they have but to activate the account you need to deposit a significant amount.