Skyaray Account Types

Skyaray offers various types of trading accounts tailored to meet the needs of different traders. The primary account types include:

• Standard Account:
• Lot Size: Standard lots of $100,000.
• Leverage: Typically 100:1.
• Minimum Deposit: Generally requires a minimum balance of $2,000.
• Pros: Access to better services and potential for higher gains (e.g., $10 per pip).
• Cons: Higher capital requirement and potential for significant losses.
• Mini Account:
• Lot Size: Mini lots of $10,000.
• Leverage: Up to 400:1.
• Minimum Deposit: Can be opened with as little as $250.
• Pros: Lower risk and capital requirement, ideal for beginners.
• Cons: Lower reward potential ($1 per pip).
• Managed Account:
• Management: Managed by professional account managers.
• Investment: Minimum investment typically starts at $2,000.
• Pros: Professional guidance and portfolio management.
• Cons: Additional fees and less control over trades.

Skyaray Broker Account Opening Process

Opening a broker account with Skyaray is a straightforward process that can typically be completed in just a few steps:

• Choose Your Account Type: Decide which type of account best suits your trading needs—Standard, Mini, or Managed.

• Complete the Application: Fill out the online application form, providing necessary personal information such as your name, address, and financial details.

• Fund Your Account: After your application is approved, you will need to deposit funds into your account. The minimum deposit varies based on the account type:

• Standard Account: Minimum $2,000.
• Mini Account: Minimum $250.
• Managed Account: Minimum $2,000.

• Verification: Some brokers may require verification steps, such as confirming your identity and banking information.

• Start Trading: Once your account is funded and verified, you can begin trading on the Skyaray platform.

By following these steps, you can easily set up your trading account and start your investment journey with Skyaray.