Retail broker Admiral Markets announced some significant changes to two of its trading accounts on Tuesday morning.
The company said that it was reducing the minimum deposit requirements for Admiral.Prime accounts.
Popular with most of its traders, Admiral.Prime accounts allow users to trade with MetaTrader 4. Its main appeal is the ability to trade with no spread.
Until now, traders using the account had to deposit a minimum of 1,000 euros ($1,120) or the equivalent amount in another currency.
The broker has now changed that and users will be able to access the account with a minimum deposit of 200 euros ($224).
On top of that, Admiral Markets said that it had developed low-spread trading in index-based contracts for difference (CFDs). The broker noted that this was specifically aimed at scalp traders.
One euro equity trading
Alongside the change in deposits for its Admiral.Prime accounts, Admiral Markets also said there would be a significant change to its Admiral.Invest accounts.
Currently, traders using an Admiral.Invest account have to deposit a minimum of 500 euros ($560).
That has now been reduced so that traders can deposit as little as one euro ($1.12).
Launched in April of last year, Admiral.Invest accounts allow Admiral Market’s clients to trade in real stocks and not just CFDs.
That means traders can actually access the market, without having to use high Leverage , and earn dividends on any of their investments.
The account, which uses the MetaTrader 5 platform, is an example of what the future of the retail trading industry may look like.
With traders increasingly demanding multi-asset trading - not just foreign Exchange and CFDs - we can expect to see more Admiral.Invest-style accounts in the coming years.
