Trading is a good way to make money, whether you are trading options or stocks. Can you trade with R100 and money with it? This is a question that we will answer in this post.
Trading options
Can you trade options like Forex and binary options? Yes, you can use R100 to place it on a trade. But can you open an account with a broker with just R100? The answer is no. Most brokers require you to make a deposit of R500 at the very least into your account.
However, once your account has been activated; you can use R100 and even less to place on trades when using most brokers. But it’s highly unlikely that you can open an account with a broker with just R100.
Trading stocks
Stock trading works more like an investment, you buy company stocks hoping that they will go up in value. Unlike with Forex and Binary options where you can bet for either side and profit when the market goes down.
You can be able to trade stocks with just R100 and open an account with a broker for that amount. However, there is only one broker that I know which doesn’t require minimums and that’s EasyEquities. You can open an account for free, deposit your R100 and start trading stocks.
Conclusion
Yes, you can trade with R100, you just have to know the limitations. Do you have any thoughts or questions? Comment below.
Buhle ngcobo
I would like to open an account with you guys