The best forex account type for beginners is a standard xm radio customer service phone numberccount|accounts|bank account|consideration, which comes with low trading fees and no commissions. There are no minimum deposit requirements with a standard account, and the company has 24 hour customer support available. There are multiple payment options, including PayPal, Neteller, Skrill, and credit cards. Different forex brokers offer different types of accounts, and different deposit amounts. Typically, a novice trader will open a demo account. Demo accounts are available from all top forex brokers, and they are very easy to set up. They also do not involve the risk of losing money. Beginners may also use a demo account to try out the trading platform before deciding to open a real money account. Beginners should also consider the speed of depositing and withdrawing funds. Many beginners overlook this indicator, but it is a critical one. In order to participate in large trades, a beginner may need a fast deposit option. A deposit that takes two to five days can make a|can xm adrian jones forex trader a big difference. When you are ready to trade, you should choose a foreign exchange account type that suits your trading style and initial investment level. While a standard forex account is the most popular type, there are other options. A mini forex account is designed for beginners, while a managed forex account offers professional portfolio management. Beginners should make sure that they choose a broker that has an excellent educational section. This section of the broker s website will provide a wealth of useful information about forex trading, including how to set up a demo account. Many brokers offer free demo accounts for beginners, which are perfect for testing out their trading strategy without risking real money. Micro accounts are also an excellent option for beginners. The size of these accounts is comparable to 1/100 of a standard account. Many leading forex brokers offer these accounts, and they re designed for beginners. They re available for as little as $25. Micro accounts are perfect for beginners who have limited knowledge of forex trading.