Online Broker Account Options

Account Options

The investment endeavour of online trading has numerous benefits to traders of all experience levels. Literally anyone can profit from online trading, as there are numerous account types out there for everyone. Depending on the traders needs, the account they choose helps fulfill their needs and desires. The account options available to traders come complete with unique rules, methods and techniques tailored to meet the investors end goals.

Since online trading is a world-wide endeavour, brokerages operating in the global financial markets don’t necessarily follow a uniform code of practice when it comes to gaining clientele. Different countries and their brokerages may offer potential investors laxed requirements for opening an account with them. As well, some brokerages can offer different trading strategies than others. This is all due to the diverse rules and regulations that make up brokerages from around the world.

Forex trading and binary options trading are some of the most popular types of online trading and offer traders a tremendous amount of account types.

Binary Options Account Types
Often brokerages will offer potential clients three or five different account types. These account types are often determined by the initial deposit amount type, with the lowest being as low as $1. However, brokerages will provide account types to more serious traders as well, offering substantial bonuses for large initial deposits. The five common account levels for binary options accounts are bronze, silver, gold, platinum, and diamond. In addition to these account types, to test the platform and account itself, brokerages will offer demo accounts.

Below is an example of the three most common account types and what they offer investors.

Bronze Account features:

• Withdrawals in 1 hour
• $250 deposit = Bonus +20%
• Trading course (book and video)
• Demo account

Silver Account features:
• Withdrawals in 1 hour
• $1000 deposit = Bonus +50%
• Trading course (book and video)
• Demo account
• Master class (web session)
• First 3 risk free trades*

Gold Account features:
• Withdrawals in 1 hour
• $3000 deposit = Bonus +100%
• Trading course (book and video)
• Demo account
• Master class (web session)
• First 3 risk free trades*
• Swiss prepaid card
• Individual account manager

Forex Account Types
Forex brokerages were among the very first companies to embrace online trading, and have thus provided numerous account types to suit the diversity of traders needs. With forex trading there are several different trading concepts and trading tools that forex brokersmust incorporate into different accounts to accommodate various trader styles and methods. As well, there are various types of trading platforms available to traders, which then results in demo accounts for each. Traders can test the platforms via a live demo account with virtual money.

In addition to the various forex trading accounts, traders can indulge in a variety of managed accounts as well. These accounts have a few different options as well, such as PAMM, LAMM, and MAM accounts. There are different rules and specifications for each of these account types resulting in various options for every type of trader.

As well, traders can indulge in various types of social trading accounts and ECN accounts (electronic communications networks). These account types offer traders a new level of interaction among traders, and thus provides new opportunities to profit for both beginner and advanced investors.