HiWayFX Forex Trading Accounts

HiWayFX is a global broker and acts as the medium between a trader and a network of banks. Before you start trading with HiWayFX, you need to consider certain guidelines to ensure efficient management of your trading account.

The first step requires you to register a forex trading account. Opening an account is actually very simple and is quite similar to opening a bank account. The types of trading accounts offered by HiWayFX are variable depending on your preferences. All of the trading accounts here give you a personal account manager, free economic calendars and educational videos. Also, for all accounts, the currency used for depositing is Euros.

Standard NDD AccountThe first one is, the Standard NDD (Non Dealing Desk) account. It is one of the most basic accounts as one can start trading with only a deposit of as low as 20 dollars (US). The Standard NDD allows a 5 digit pricing quote.

The features of this account include a spread of market from 0.8 pips. This account gives a leverage from 1:1 to 1:1000. It is a Swap free account and Hedging is possible. There is 0 commission involved. The locked margin, margin call level and stop out level are at 50, 100 and 20 percent respectively.

ECN NDD AccountThe second one is, ECN NDD. This account is well suited for a more innovative type of a trader. To start trading with this account one has to deposit 1000 dollars (US). This, like the standard account is also NDD type.

The features include a spread of market from 0 pips. Leverage is 1:1 to 1:500, while commission is 0.002 percent. Locked margin, margin call level and stop out level are at 50, 100 and 50 percent respectively. Hedging and scalping is possible.

Zulu Trade;
MyFxBook;
Demo Accounts;

Eventually when one has learned about trading forex and managing trades, he/she can start a real account with HiWayFX.

- See more at: https://www.hiwayfx.com/forex-articles/hiwayfx-forex-trading-accounts#sthash.BmRYkjuG.dpuf