These days, anyone can make money even amid global financial and economic uncertainty and instability. Financial markets can give you a true way to financial freedom as long as you are smart enough to see it.
Indeed, in order to trade Forex or other financial markets professionally, you just have to be skilled and experienced. The best and shortest way of acquiring those skills and experience is to practice a lot. Still, trading can be dangerous to rookie traders, i.e. most rookies lose money before some of them learn to break even and then to win in the long run. In other words, practice can be rather costly when it comes to financial markets.
Luckily, more and more broking companies launch their own new types of trading accounts for rookie traders. They are often referred to as cent/micro/accounts. They allow traders to deposit small amount of money they can easily afford to lose in the worst-case scenario. At the same time, when trading for small amounts, rookies manage to drop all the psychological burden of their shoulders and concentrate on studying the market and learning/developing winning strategies, which can further be used to trade big and win big.
Indeed, cent or nano accounts play a big role in today’s broking industry, thereby allowing beginners to experience the same genuine trading environment and to enjoy the progress they gradually make.
At the same time, the industry’s best broking companies keep improving the trading conditions for such accounts since they understand that their future depends on winners, not losers, and therefore they strive to help beginners realize their potential to the full and to find those precious trader nuggets among the crowd of rookies that come and go.
Alpari is one of such companies. This is a company that has no need to be introduced to the trading public. It is sufficient to say that this is a major Forex broker with billion-dollar monthly turnovers and hundreds of thousands of active trading accounts.
Improved Nano Accounts by Alpari
Not so long ago, Alpari improved its nano accounts (nano.mt4). The biggest benefit for rookie traders is that they can use nano.mt4 to trade really small amount of money (more than 100 times as low as the standard lot). The currency units are cents (not dollars or euros). This means anyone can train or test his/her strategies within the scope of a real market environment without jeopardizing thousands of dollars.
This is what Alpari's official website reads:
Account Type: nano.mt4
This trading account is a perfect fit for beginners and for traders looking to work out their strategies on a live account with minimum risk. Our Nano Accounts are denominated in USD cents and EUR cents, meaning the margin requirements are 100 times lower than with our other account types.
Trading Platform: MetaTrader 4
Mobile Trading:
Spreads / Contract Specifications
Margin Requirements
Source: alpari-forex.com, "Account Types and Terms"
The list of trading conditions incudes:
Deposit Currency - USD cents, EUR cents
Minimum Deposit - 0 USD cents / 0 EUR cents
Leverage Offered - 1:5005
Available Contracts - 25 Currency Pairs, 2 Spot Metals
Spreads - Fixed From 2.0 Pips
Execution - Instant Execution
Minimum Order Size, Lots - 0.01 (Trade Size Increment: 0.01)
Maximum Trade Size, Lots - 100 / 100
Maximum Open/Pending Orders - 1004 / 1,000
Stop Out - 10%
Telephone Dealing -Only for Closing Positions
Source: alpari-forex.com, "Account Types and Terms"
As you can see, Alpari's nano accounts have everything you need to get up and running in Forex trading really fast. When coupled with the company's status of a major licensed broker, this is truly a perfect option for those who make their first steps in spot Forex trading.
