Centrade broker Accounts

Centrande Account Type

　　Centrade offers a variety of trading accounts tailored to meet different investor needs. The main account types include:

　　Standard Account: This is the most common type, allowing traders to access standard lots of currency, each worth $100,000. It typically requires a minimum balance of $2,000 to $10,000 and offers a leverage of up to 100:1.
　　Mini Account: Designed for beginners or those with a lower risk tolerance, this account allows trading in mini lots of $10,000. Most mini accounts can be opened with $250 to $500, and leverage can go up to 400:1.
　　Managed Account: In this account type, a professional manager makes trading decisions on behalf of the investor. Minimum investments generally start at $2,000 for pooled funds and $10,000 for individual accounts.
　　Hedging and Netting Accounts: These specialized accounts allow for different trading strategies. Hedging accounts permit both long and short positions on the same symbol, while netting accounts only allow one open position for the same symbol.

　　Opening an account with Centrande is a straightforward process. Follow these steps:

　　Choose Your Account Type: Determine which type of account suits your trading needs—standard, mini, managed, hedging, or netting.
　　Visit the Website: Go to Centrande's official website to start the application process.
　　Fill Out the Application: Provide necessary personal information such as your legal name, address, and identification details.
　　Submit Required Documents: You may need to upload verification documents, including a government-issued ID and proof of residency.
　　Fund Your Account: After your application is approved, you can fund your account through bank transfers. The funds will typically be available within a few days.
　　Start Trading: Once your account is funded, you can begin trading on the platform.