Micro Lot Accounts

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Micro Lot Accounts #408036 09/24/12 08:07 09/24/12 08:07
Joined: Jul 2000 Posts: 27,986 Frankfurt jcl OP Chief Engineer
jcl OP Chief Engineer Joined: Jul 2000 Posts: 27,986 Frankfurt	FXCM and other brokers now also offer micro accounts where one lot is only 1000 contracts, not 10000 as in a normal mini account. Micro lot accounts have two advantages. You can trade with less money - margin is only about $5, so you need very little money in your account, even $200 can suffice for a start. Also, Zorro can better adjust the the trade volume due to the finer granularity. This gives slightly better profit. It is therefore recommended to open a micro lot account when your broker offers it. BUT: With FXCM even micro lot accounts have standard lot sizes for CFDs, indexes and commodities! So when trading with SPX500, XAU/USD and so on you still need a margin in the $50 range.

Re: Micro Lot Accounts [Re: jcl] #408039 09/24/12 08:23 09/24/12 08:23
Joined: Sep 2012 Posts: 24 G Gattaca Newbie
Gattaca Newbie G Joined: Sep 2012 Posts: 24	The demo account also seems to be a micro account ? So I would have to adjust margin/risk to 200/10 ? Last edited by Gattaca; 09/24/12 08:28.

Re: Micro Lot Accounts [Re: Gattaca] #408041 09/24/12 08:50 09/24/12 08:50
Joined: Sep 2012 Posts: 74 Niedersachsen, Germany P PriNova Junior Member
PriNova Junior Member P Joined: Sep 2012 Posts: 74 Niedersachsen, Germany	As far as I know is, that activtrades offers fractional lots for trading s&p, dax and other underlyings as low as 0.1 lot which requires fewer margin. Last edited by PriNova; 09/24/12 09:01.

Re: Micro Lot Accounts [Re: PriNova] #408042 09/24/12 09:04 09/24/12 09:04
L liftoff Unregistered
liftoff Unregistered L	Lets start playing then

Re: Micro Lot Accounts [Re: jcl] #408371 09/30/12 13:09 09/30/12 13:09
Joined: Sep 2012 Posts: 24 G Gattaca Newbie
Gattaca Newbie G Joined: Sep 2012 Posts: 24	Originally Posted By: jcl FXCM and other brokers now also offer micro accounts where one lot is only 1000 contracts, not 10000 as in a normal mini account. Micro lot accounts have two advantages. You can trade with less money - margin is only about $5, so you need very little money in your account, even $200 can suffice for a start. Also, Zorro can better adjust the the trade volume due to the finer granularity. This gives slightly better profit. It is therefore recommended to open a micro lot account when your broker offers it. BUT: With FXCM even micro lot accounts have standard lot sizes for CFDs, indexes and commodities! So when trading with SPX500, XAU/USD and so on you still need a margin in the $50 range. Do you have a link to open a micro-acount? I didn't find an option to open a micro account on the german FXCM site. Last edited by Gattaca; 09/30/12 13:09.

Re: Micro Lot Accounts [Re: Gattaca] #408433 10/01/12 07:48 10/01/12 07:48
L liftoff Unregistered
liftoff Unregistered L	http://www.forexmicrolot.com/

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