Newbie needs help!

[benji2010]

Hi there,

What is lowest amount you can have on a point?

Is it £1.00?

 

[bigal60]

Hi

I've only been trading 2 weeks myself with IG Index. Their minimum is a £1.00/point unless you take their free study modules and then they will allow 0.10/pt for 2 weeks, 0.20/pt for 2 weeks, 0.50/pt for 2 weeks and after that £1.00/pt. So basically you have 6 weeks of trading small amounts to gain some experience. I've just 'progressed' to 0.20/pt; I did request an extension for this but they won't do it unfortunately. Cheers, BigAl

 

[everyonerich]

for fx, oanda broker is smallest. $0.0001 per pips

 

[meanreversion]

Isn't it better to start on a demo account first? (i.e. zero per point)

 

[benji2010]

Yes I have a demo account with Paddy Power!

 

[meanreversion]

they do spread betting on financials??