Hi,
I've been comparing brokers and I'm wondering about something. Most often when brokers state that they offer Standard, Mini and Micro lot sizes, this means that it is possible to open a trade with respectively volume of 1, 0.1 and 0.01, representing respectively 100000, 10000 and 1000 units of the base currency.
However, some brokers (i know of one, trading point) have a micro account where one lot represents 1000 units. This means that entering a trade of 0.01 lots represents only 10 units of the base currency. Are there other brokers out there where this is possible?
Thanks
I've been comparing brokers and I'm wondering about something. Most often when brokers state that they offer Standard, Mini and Micro lot sizes, this means that it is possible to open a trade with respectively volume of 1, 0.1 and 0.01, representing respectively 100000, 10000 and 1000 units of the base currency.
However, some brokers (i know of one, trading point) have a micro account where one lot represents 1000 units. This means that entering a trade of 0.01 lots represents only 10 units of the base currency. Are there other brokers out there where this is possible?
Thanks