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Xinghui offers several types of trading accounts designed to meet the diverse needs of traders. The primary account types include:
Standard Account: This account provides access to standard lots of currency, typically requiring a minimum deposit of $2,000. It is suitable for experienced traders who are comfortable with higher capital requirements and the associated risks.
Mini Account: Aimed at beginners or those who prefer a lower risk profile, this account allows trading in mini lots, each worth $10,000. Most brokers offering mini accounts require a minimum deposit of $250 to $500, making it more accessible for new traders.
Managed Account: In this account type, traders can have their capital managed by professional portfolio managers. This option is ideal for those who prefer a hands-off approach to trading and are willing to pay additional fees for professional guidance.
Micro Account: Some brokers, including Xinghui, may offer micro accounts, which allow trading in smaller increments of $1,000. This account type is suitable for novice traders who want to start with minimal capital, often requiring as little as $25 to open.
To open an account with Xinghui, follow these steps:
Visit the Website: Navigate to the Xinghui official website (http://www.xhforex.cn).
Select Account Type: Choose the type of account you wish to open (Standard, Mini, Managed, or Micro) based on your trading experience and capital availability.
Complete the Application Form: Fill out the online application form with your personal information, including:
Submit Identification: Provide a copy of a government-issued ID (e.g., drivers license or passport) and any other required documentation for verification.
Fund Your Account: Once your application is approved, you will need to fund your account. The minimum deposit varies by account type.
Start Trading: After funding your account, you can begin trading using the platform provided by Xinghui, which typically utilizes the MetaTrader 4 software.
Ensure that you understand the terms and conditions associated with your chosen account type and the fees involved before finalizing your application.
Explore broker markets account types: forex/trading accounts with demo access.