TRADING ACCOUNT

Trading accounts are where money is kept and used for the purpose of trading the financial markets and there are many providers of trading accounts from spread betting firms to professional clearing operators such as banks and financial institutions. Both individuals and businesses can open trading accounts and they are used to execute orders in various traded markets, such as stocks, commodities, bonds, FX etc…

Trading accounts are generally available to people who are classed as professional or non-professional and the type of account you can open is based on whether you have proof of tangible trading experience or relevant financial qualifications. For those who do not have qualifications or experience in trading retail trading accounts are the most commonly available. To put it simply, professional trading accounts may incur higher fee’s but they generally give users direct market access (DMA) to exchanges therefore. They are trading live exchange traded products that offer certain levels of security and protection which may not be provided by retail trading accounts.