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License
Micig offers various types of trading accounts tailored to meet the needs of different traders. The primary account types include:
Standard Account: This account type is suitable for most traders and allows for trading a wide range of assets with competitive spreads. It typically requires a minimum deposit of $100.
Micro Account: Designed for beginners, this account allows trading in micro lots, which equal 1,000 units of the base currency. This account type has lower minimum deposit requirements, often starting from as low as $10, making it accessible for new traders.
Margin Account: This account enables traders to borrow funds from the broker to increase their trading capacity. It requires a minimum equity and involves higher risks due to the potential for margin calls.
Demo Account: A risk-free environment for traders to practice their strategies without financial risk. This account type typically offers the same features as a live account but uses virtual funds.
Opening a broker account with Micig is a straightforward process that can be completed in a few simple steps:
Choose Your Account Type: Decide whether you want to open a Standard, Micro, Margin, or Demo account based on your trading needs and experience level.
Fill Out the Application: Complete the online application form, providing necessary personal information such as your name, address, phone number, and email.
Verification: After submitting your application, you will need to verify your identity. This process may require uploading identification documents such as a passport or drivers license.
Fund Your Account: Once your account is verified, you can deposit funds. Micig typically allows various funding methods, including bank transfers, credit/debit cards, and electronic wallets.
Start Trading: After funding your account, you can start trading by accessing the trading platform provided by Micig.