Mini Trading Account
Mini Differences
The FX Trading Mini trading account uses the same state-of-the-art trading platform as the regular trading account. There is no additional software to download.
Account Size
The minimum amount that is required to open a FX TRADING Mini trading account is $250. Of course, due to the high leverage and the extremely volatile nature of the Forex market, the recommended minimum investment size is $2,000.
Trade Size
On the FX Trading Mini trading platform all trades are executed in sizes of 10,000 base currency per one lot. There is no maximum trading volume on the FX TRADING Mini trading platform.
Pip/Tick Value
Profit and loss is easy to calculate when trading on the FX Trading Mini platform. In the EUR/USD and many other currency pairs, a one pip (or tick) movement in the exchange rate is equal to a one-dollar gain or loss in the account value per lot (and approximately $1 in the 17 other currency pairs).
Margin Requirement- 400:1 Leverage
Clients must have $25 in their account to open each mini lot (10,000 unit) of currency being traded. This equates to 400:1 leverage (10,000/400 = 25). This amount does not change after 5:00 PM New York time, which is the rollover cut off, but stays constant at $25 per mini lot the entire day and overnight.
Negative Balance Protection
There is also an important safety feature imbedded in this system that prevents clients from losing more money than they have in the account. Should the account equity -- meaning the total floating value of the account -- fall below $50 in a mini account, the dealing desk will close all positions.
Spreads
Spreads on the major currencies are the same as a standard account. All spreads are fixed intra-day and night and do not widen regardless of market conditions.
Currency Pair |
Spread |
Currency Pair |
Spread |
|
EUR/USD |
2 or 3 pips | EUR/CHF | 7 pips |
| USD/JPY | 2 or 3 pips | EUR/CAD | 10 pips |
| USD/CHF | 2 or 3 pips | EUR/AUD | 15 pips |
| USD/CAD | 2 or 3 pips | GBP/JPY | 9 pips |
| GBP/USD | 2 or 3 pips | GBP/CHF | 15 pips |
| EUR/JPY | 4 pips | CHF/JPY | 9 pips |
| AUD/USD | 2 or 3 pips | AUD/CAD | 10 pips |
| NZD/USD | 2 or 3 pips | AUD/JPY | 8 pips |
| EUR/GBP | 3 pips | AUD/NZD | 13 pips |
| NZD/JPY | 10 pips |
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