| Online Broker | Real Account Minimum Deposit | Online Trading Platforms |
|---|---|---|
| Deriv | None - $5 (Depending on the Platform) Minimum Deposit | MT5, Deriv X Online Trading Platforms |
| ThinkMarkets | None (For the Standard account) Minimum Deposit | MT4, MT5, ThinkTrader Online Trading Platforms |
Trading Platform With No Minimum Deposit - What Does This Mean When Trading
When the trader opens a live account they need to deposit a minimum deposit to trade. The minimum deposit is not specific to the trading platform, but is determined by the broker through which the trader will trade on the trading platform. However some trading platforms are provided by brokers which have no minimum deposit requirement.
To actually open a position on a live account the trader will need to deposit some funds. How much is a matter depending a wide range of variable factors, but looked at only in terms of trading a market, it requires a sufficient sum to open a position and enough in the account to be able to withstand adverse moves when trading the position.
However what that amount is, depends on factor such as leverage and trade size. Higher leverage can enable a trader to open a position with a smaller account size, but increasing leverage increases risk. Smaller trade sizes can also let the trader trade with smaller account sizes. In general the trader can use both leverage and trade size to find a comfortable way to trade given their account size.
The point is that while a trader may want a broker with no minimum deposit, they also might consider that they will need to deposit a sum to trade with. If the trader wants to trade with a very small account size, then they can consider a Cent account broker (which goes down the route of offering very small trade sizes) or a broker which has a low minimum order size (which lets the trader trade small order sizes).
If the trader want to trade with no money deposited, then they can consider using a demo account, which will provide virtual finds to trade with. Virtual funds are not real money and cannot be withdrawn, but on a demo account the trade can trade with no risk, test out the online trading platform or platforms provided by the broker and practice trading and try out trading ideas and tool, such as technical indicators.
What then is the potential advantage of a broker with no minimum deposit. It can provide flexibility, as the trader can deposit what they want, considering the factors which determine whether a trade can actually trade on the account. But what amount is required to deposit to trade is based on factors not necessarily related to the minimum deposit requirement of the broker.
