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POTAI offers various types of trading accounts to cater to the needs of different traders. The primary account types include:
Standard Account: This is the most common type, allowing traders to access standard lots of currency worth $100,000. It typically requires a minimum deposit of $2,000 to $10,000, depending on the broker's policies. Leverage is generally set at 100:1, meaning traders can control larger positions with a smaller amount of capital.
Mini Account: Designed for beginners or those with lower risk tolerance, mini accounts allow trading with mini lots of $10,000. The minimum funding requirement is usually between $250 and $500, providing higher leverage up to 400:1.
Managed Account: This account type is for investors who prefer a professional to manage their trades. Minimum investments typically start at $2,000 for pooled accounts and $10,000 for individual accounts, with management fees applicable.
Micro Account: Some brokers may offer micro accounts that trade in $1,000 lots, suitable for new traders with limited capital. These accounts can usually be opened with as little as $25.
Opening a broker account with POTAI is a straightforward process that involves the following steps:
Choose Account Type: Determine which account type suits your trading style and capital. Consider your risk tolerance and investment goals.
Visit the Website: Navigate to the official POTAI website here.
Fill Out Application: Complete the online application form, providing necessary personal information such as your name, contact details, and financial background.
Submit Identification: You may need to upload identification documents, such as a government-issued ID and proof of address, to verify your identity.
Fund Your Account: After your application is approved, fund your account using various methods, such as bank transfer or credit card. The minimum deposit will depend on the account type selected.
Start Trading: Once your account is funded, you can begin trading on the POTAI platform, which supports MT4 for various asset classes including forex, stocks, and commodities.
For further details, you can refer to the official POTAI website or contact their customer support.