How much money do you need to trade with Forex advisors?
Automated Forex trading is one of the most popular areas of trading among investors.
Almost any trader has tried to use or uses advisors on a regular basis in their work.
But the more popular the trading method, the more questions beginners have regarding the nuances that arise in the process.
One of the most frequently asked questions is – How much money do you need to work with a stock advisor?
The question is quite important because if there is not enough money in the account, the robot will not open new transactions, and in the worst case, it can completely drain the deposit.
Minimum and recommended deposit amounts
There are currently a huge number of trading advisors that put forward their own requirements for the minimum and recommended deposit.
Typically, the minimum deposit amount ranges from $50 to $1,000, while the recommended deposit is usually between $300 and $5,000.
Most of the robots you encounter require a deposit of $1,000, so to ensure full functionality, you need to aim for this amount.
Checking operating parameters
Before launching, it is advisable to test the advisor on a demo account with a deposit amount corresponding to the amount you plan to trade with on your real account.
This will ensure that the robot will not throw you any surprises when working on a real account.
You can also test the functionality on a cent account ; some scripts work fine on cent accounts with a much smaller deposit amount than specified in the user manual.
In general, the recommended deposit size isn't such a big issue at the moment, as you can always find a robot with lower account requirements.
