#beginners

Quick EBC account setup breakdown for gold traders: Minimum deposit: No official minimum (practical: $100-$200 to trade 0.01 gold lots) Account types: Standard (no commission) / Raw (lower spread + $6/round lot) Leverage: Up to 1:500 for XAUUSD Base currencies: USD, EUR, GBP, JPY Deposit methods: Bank wire, Visa/MC, USDT, Skrill, Neteller Islamic accounts: Yes (swap-free) The Standard account at 0.12-0.18 pip spread with zero commission is probably the most cost-effective entry point for retail gold traders. At 1:500 leverage, a 0.01 lot of XAUUSD needs about $4.70 margin. For new gold traders: start on the Standard account, trade 0.01 lots, focus on consistency over size. The broker matters less than your risk management — but a broker with tight spreads and no requotes definitely helps.