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Brokers with mini contract size
Nov 04, 2014 at 07:52
Przeglądane 1,282
10 Replies
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.
Uczestnik z Nov 21, 2011
1601 postów
Nov 04, 2014 at 11:55
Hi,
Check out FXCM
Check out FXCM
Uczestnik z Aug 21, 2014
11 postów
Nov 04, 2014 at 13:53
if this is still of interest, try Armada
Uczestnik z Jan 16, 2014
401 postów
Nov 04, 2014 at 15:21
Oanda offers very small contract sizes. Another option would be to use a cent account.
forex_trader_214841
Uczestnik z Nov 02, 2014
125 postów
Nov 04, 2014 at 19:44
Yes use cent account on Liteforex ;)
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?
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?
Uczestnik z Jun 09, 2014
134 postów
Nov 09, 2014 at 12:50
I think activtrades does.
Uczestnik z Jun 03, 2010
675 postów
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.
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