Forex Mini Trading Differences
The 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 Mini trading
account is $300. Of course, due to the high leverage and the
extremely volatile nature of the Forex market, the
recommended minimum investment size is $2,000.
Note: Leverage without proper risk management can
lead to large losses as well as gains. Trade Size
On the Mini trading platform all trades are executed in
standard sizes of 10,000 base currency per one lot. There is
no maximum trading volume on the Mini trading platform.
Pip/Tick Value
Profit and loss is easy to calculate when trading on the
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
Up to 200:1 Leverage:
Clients must have approximately 1/2% of the value of the
positions they hold in their account for each lot of
currency being traded (approximately 200:1 leverage).
Leverage without proper risk management, this high degree of
leverage can lead to large losses as well as gains. This
equates to $50 per lot (10,000 units). This amount does not
change after 5:00 PM New York time, which is the rollover
cut off, but stays constant at approximately 1/2% per lot
the entire day and overnight.
Guaranteed Limited Risk: 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 the margin
requirement of approximately 1/2% per lot, the dealing desk
may close all positions.
Spreads
| |
These
spreads may vary depending on market conditons. |
| |
Currency Pair |
Spread |
|
Currency Pair |
Spread |
|
|
| |
EUR/USD |
03 pips |
|
EUR/CHF |
07 pips |
|
|
| |
USD/JPY |
04 pips |
|
EUR/CAD |
10 pips |
|
|
| |
USD/CHF |
05 pips |
|
EUR/AUD |
15 pips |
|
|
| |
USD/CAD |
05 pips |
|
GBP/JPY |
09 pips |
|
|
| |
GBP/USD |
05 pips |
|
GBP/CHF |
15 pips |
|
|
| |
EUR/JPY |
04 pips |
|
CAD/JPY |
10
pips |
|
|
| |
AUD/USD |
04 pips |
|
CHF/JPY |
09 pips |
|
|
| |
NZD/USD |
04 pips |
|
AUD/CAD |
10
pips |
|
|
| |
EUR/GBP |
03 pips |
|
AUD/JPY |
08 pips |
|
|
| |
NZD/JPY |
10 pips |
|
AUD/NZD |
13
pips |
|
| |
GBP/AUD |
15 pips |
|
EUR/NZD |
30
pips |
|
|
|
|
Free
Practice Trading Account