Brokers with mini contract size
Nov 04, 2014 at 07:52
1,000 Views
10 Replies
Biedrs kopš
3 ieraksti
Nov 04, 2014 at 07:52
Good day to all,
Do anybody know of a broker who have mini contract sizes (10,000units) on which you can trade 1lot, 0.1lot and 0.01lot for MT4 platform both live and demo.
IBFX had but they sold out and InstaTrader have but their servers is too slow.
Do anybody know of a broker who have mini contract sizes (10,000units) on which you can trade 1lot, 0.1lot and 0.01lot for MT4 platform both live and demo.
IBFX had but they sold out and InstaTrader have but their servers is too slow.
Biedrs kopš
12 ieraksti
Nov 04, 2014 at 11:51
Try XM.com Good and fast on demo, although I have a live account with them I've not used it yet.
Biedrs kopš
1718 ieraksti
Nov 04, 2014 at 11:55
Hi,
Check out FXCM
Check out FXCM
Biedrs kopš
13 ieraksti
Nov 04, 2014 at 13:53
if this is still of interest, try Armada
Biedrs kopš
416 ieraksti
Nov 04, 2014 at 15:21
Oanda offers very small contract sizes. Another option would be to use a cent account.
forex_trader_214841
Biedrs kopš
137 ieraksti
Nov 04, 2014 at 19:44
Yes use cent account on Liteforex ;)
Biedrs kopš
3 ieraksti
Nov 04, 2014 at 19:48
Thanks for the information. I have download all their mt4, registered demo but all the demos is standard lot sizes. A micro account demo would also work but can't seem to find one. Oanda would work great but their MT4 is still standard contract sizes.
Also how do brokers work with micro account if you trade 0.01 of the lot. Do you get a tenth of a cent?
Also how do brokers work with micro account if you trade 0.01 of the lot. Do you get a tenth of a cent?
Biedrs kopš
3 ieraksti
Nov 05, 2014 at 07:42
With various live chat with brokers I have come to the conclusion that I either don't understand forex maths or that brokers false advertise their products. Please see table below of how I understand contract sizes to lot sizes. The values would be 1 pip on any xxxUSD currency.
Standard Contract Size Mini Contract Size Micro Contract Size
Units: 100,000 10,000 1,000
Standard Lot (1 lot) 10$ 1$ 0.10$
Mini Lot (0.10 lot) 1$ 0.10$ 0.01$
Micro Lot (0.01 lot) 0.10$ 0.01$ ???
I understand that a broker will cap you on a Micro Account of minimum lot size 0.1 and step of 0.1. Could someone please explain to me what is wrong with my calculations?
Standard Contract Size Mini Contract Size Micro Contract Size
Units: 100,000 10,000 1,000
Standard Lot (1 lot) 10$ 1$ 0.10$
Mini Lot (0.10 lot) 1$ 0.10$ 0.01$
Micro Lot (0.01 lot) 0.10$ 0.01$ ???
I understand that a broker will cap you on a Micro Account of minimum lot size 0.1 and step of 0.1. Could someone please explain to me what is wrong with my calculations?
Biedrs kopš
138 ieraksti
Nov 09, 2014 at 12:50
I think activtrades does.
Biedrs kopš
8 ieraksti
Nov 11, 2014 at 16:14
I am on Oanda's MT4 platform right now. They allow for mico lots. You may have to type '.01' in the volume drop down.
The Trend is your Friend. ~~
Biedrs kopš
696 ieraksti
Nov 12, 2014 at 08:23
Thats curious. Dont look for 0.1 or 0.01 lot size. Its better to look for low contracts, like eg 10 contracts for indices. This will make You able to enter market at lower margin needen when have 1:100 leverage.
PAMM MANAGER // Professional Fund Manager
*Spams netiks pieļauts, un tā rezultātā var slēgt kontu.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
