"The market giveth and the market taketh away"
50 Lots and Up (Your Experience Trading Large Lots) 7 replies
Looking for Reliable broker to trade DAX 0.01 lots 47 replies
How to make lots of money using micro lots 16 replies
Disliked1 cent per pip is a micro lot i.e $1000 lot.
Check out Alpari, FXCM...
Regards,
Ghous.Ignored
DislikedForgive me, I am new to this, but as far as I know IBFX's micro account is actually 1/10 of alpari's, fxcm etc.
1 pip with IBFX is 1 cent, whereas 1 pip with Alpari is 10 cents? I have a 'micro' account with IBFX and Alpari and the pip values are most definitely different by 1/10Ignored
DislikedForgive me, I am new to this, but as far as I know IBFX's micro account is actually 1/10 of alpari's, fxcm etc.
1 pip with IBFX is 1 cent, whereas 1 pip with Alpari is 10 cents? I have a 'micro' account with IBFX and Alpari and the pip values are most definitely different by 1/10Ignored
QuoteDisliked"We are now offering the possibility to trade micro lots.
Minimum contract size for all trading accounts (demo and live) is 0.01 of a lot (1,000 units of base currency). This option is enabled on all accounts and there is no need to change anything in your client terminal."
DislikedI think $100 lot sizes do exist, they are called "nano lots" although I'm not sure who offers them...maybe try a Google search.Ignored
DislikedA micro lot has a 10 cent value per pip not 1 cent.
For a 1 cent pip you need nano lots which you get by entering .01 lots with an IBFX mini account.Ignored
DislikedA micro lot has a 10 cent value per pip not 1 cent.
For a 1 cent pip you need nano lots which you get by entering .01 lots .......Ignored
DislikedWhat I meant was that the 1c per pip trade is easily achievable via a micro account with an mt4 broker...Ignored
DislikedThis is correct.
Nowadays we have terms for really small lot sizes (mini, micro, nano)
for brokers willing to offer this level of lot size flexibilty.
There are occasions where this could be of value in a strategy where
an exact amount of currency was to be delt against another.
Banks are accepting smaller and smaller deal sizes these days.
I think some of the "nanolot" domain addresses are still available thru internic.
Who'll be the first company to specialize in nanolots?
[b]And since "bucket" will be too large of a container,...Ignored
DislikedI can only think of Oanda. You can trade any size you want. 1 penny per pip.Ignored
Dislikedim pretty sure ibfx is the only reputable one that offers it.
Ghous you are wrong other brokers have 10cent not 1centIgnored