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DSY offers various account types tailored to meet the needs of different traders. The primary account types include:
Cash Account: This account requires traders to pay the full amount for securities purchased. It is ideal for those who prefer to avoid borrowing funds and want to manage their investments without the risk associated with margin trading.
Margin Account: This account allows traders to borrow funds from the broker to purchase securities, providing greater purchasing power. The margin requirement for DSY is 20%, and leverage is set at 1:5. This account is suitable for experienced traders who understand the risks of trading on margin.
CFD Account: This account enables traders to invest in Contracts for Difference (CFDs), allowing them to speculate on price movements without owning the underlying asset. Traders can go long or short, benefiting from both rising and falling markets.
Opening an account with DSY is a straightforward process that can be completed in a few steps:
By following these steps, traders can effectively set up their DSY accounts and start engaging in the financial markets.
Explore broker markets account types: forex/trading accounts with demo access.