sg master, I've been practicing and now I want to trade with a $100 deposit in Insta. What account can I use? What leverage is suitable for me as a beginner? Please advise.
You can open a cent account. You can choose leverage between 1:600 / 1:400
Cent Account
Lot 0.10 = $0.001
Lot 1.00 = $0.01
Lot 10.00 = $0.10
Lot 100.00 = $1.00
For beginners, you can trade with small lots. Be careful not to use Lot 100 because its value = $1. If your capital is $100, your balance strength is 100 Pips if using Lot 100.00. If trading with lot 1.00 = $0.01. Your capital strength is 10000 pips.
I suggest being careful. What you need to know is that you BUY SELL using the broker's money, and your capital becomes collateral to the broker.
Affiliate code can be filled with the code CIFZ
Thanks
To Ady Abdul Majd,
You could try a cent account. With around USD 100, you can use high leverage settings, for example 1:500 or higher.
Hope this helps.