Mini Forex Trading Account For Small Lots
The mini account requires a larger initial deposit and has a minimum trade size of one mini lot or 10,000 units of the base currency. These accounts can be a step up for beginners, or they may suit those who need more control over their trade size.
||FCA, SFC, Central Bank of UAE
||CySEC, FCA, FSB, DFSA, SCB
|| ||FIBO Group
||FSC, CySEC, FCA
||CySEC, FCA, IFSC
||BaFin, CNMV, CySEC, FCA, IFSC
|| ||City Index
||ASIC, FCA, FSA, IIROC, MAS, NFA
||CySEC, FCA, MiFID, DFSA, SFC
||ASIC, BVI, CBI, FSCA
||DFSA, FINMA, SFC
Mini lots are one-tenth the size of a standard lot: 10,000 units instead of 100,000 units. Because currencies trade in "pips," which each represent 1% of a single basis point, a currency movement equal to a single pip would result in a $10 change for a standard lot position. However, that same one-pip move would result in only a $1 change if the trader used a mini lot position. Mini forex accounts allow traders to make use of these smaller, less leveraged lots.
Mini forex accounts can also help traders reduce their risk in other ways. For instance, trading in mini lots can permit greater levels of diversification, because the same amount of capital can be invested across a greater number of lots.
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