ACCOUNT PREFERENCES
Minimum Account Deposit
The minimum account deposit is important for all traders. Forex beginners don’t want to risk much money before understanding what is really going on in the Forex market. Furthermore advanced Forex traders may wish to deposit only a few hundred bucks in a Forex Broker in order to test its real trading conditions. If they are happy they usually deposit more funds. Therefore the minimum account requirements are important for all traders.
Micro Account Type
A micro account is an account type for beginners who wish to trade Forex in much smaller increments than advanced and professional Forex traders. A micro lot is equal to 1,000 units of a base currency compared with the 100,000 units of a standard account. That means less risk and less trading cost for Forex beginners and it is an important feature for them.
Demo / Practice Account
All Forex brokers nowadays offer a free demo / practice account. A demo account is very useful to test the trading platform and the trading conditions of any Forex broker prior to opening a Real Account. This is important as you save a lot of time but also you may save some money too. Even if you have open and fund a Real Account you may use the Demo Account as a pilot of your trades. For example if you open 1 lot on USD/TRY which is offered usually in very expensive spreads, a Demo can help you calculate your trading cost before opening this position on your real account.
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If you have already downloaded and installed the WSOP software, you can upgrade to a real money account by doing the following. Go to the Cashier in the lobby and click ‘deposit’. This will bring up the Cashier screen. In a column along the left side of the Cashier you will see a few payment options. You can play free poker games in various forms. You can use a no deposit bonus to play real money games and tournaments (e.g. the one at 888poker), open an account on a hybrid site to combine play money and real money games (e.g. PokerStars), enter a freeroll tournament, or download a free mobile poker app (e.g. WSOP Poker). ClubWPT VIP Members Can Watch All The New World Poker Tour® TV Show Episodes Currently Premiering On FSN, Including A Library Of Two Decades Worth Of Pokertainment. You may also notice that the term “low limit” or “low stakes” poker hasn’t been used here. That term is more commonly used when referring to playing live poker in casinos, with anything up to $3 $5 being considered low limit (crazy I know). It’s just another one of those things in poker.
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