There is a profusion of account types offered by an even more plentiful profusion of brokers. If you have selected the right broker according to the previous section, now it is the time to check if the broker you have selected is offering the right account.
The right trading account is a crucial part in securing a safe and profitable trading. Indeed trading conditions are the game's rules and are truly what determined whether a trading account is winnable or not. It is fairly similar to a card game for which you need to know which cards are the good cards and which strategy is the good strategy. It is the game's rules that will make the difference between winning or loosing. Therefore you need to select the account type carefully.
Below are three tables summing up the parameters you need to check in order to select an appropriate trading account.
> In bold are the elements with higher importance.
> The mention "Does not matter" means that the impact of the parameter on the overall performance of Captain Algorithm is marginal - in the extent to which the value of such parameter remains within the range of what is commonly offered by brokers.
> Usually broker will present an even more numerous set of parameters or options in the specification of the accounts. However those parameters can be overlooked - unless of course if such parameters introduce some unusual disadvantageous trading clauses.
> The cornerstone rule being to always choose the account type according to the equity with which you intend to start trading.
> Sometimes it is easier to search for the appropriate account first before searching for the right broker offering it. Finding the right account can be achieved by searching on notable Forex review websites - particularly when filtering option is available.
RISK WARNING : retail Forex and/or CFDs trading is a form of speculative investment and the risk of you loosing partially or entirely your investment exists.
Therefore trade only with the money you are willing to risk in order to earn financial gains with. Do not trade with money you cannot afford to lose. Captain Algorithm Co. being
a software provider will not accept liability for any loss or damage, including without limitation to, any loss of profit,
which may arise directly or indirectly from the use of Captain Algorithm software or reliance on any information provided by Captain Algorithm Co. relating to the use and/or promotion of its