Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

MT4 Order Plugin: Trade by lines with risk based lot sizing 1,298 replies

How to calculate forex position sizing / lot sizing 17 replies

I need lot sizing program for micro account 6 replies

BUY run profit 1 lot, SELL LIMIT 2 LOT down again n BUY 1 lot - EA Reqd 5 replies

Help with Lot sizing 3 replies

IBFX Lot sizing

  • Post #1
  • Quote
  • First Post: Dec 13, 2007 4:25pm Dec 13, 2007 4:25pm
To anyone who uses IBFX, do I have this right? I just talked to customer support about their account types. I want to trade micro, although they offer 0.1 lots on mini which is esentially the same. Yes?
What did the CS guy tell you?
Quoting renegade7
To anyone who uses IBFX, do I have this right? I just talked to customer support about their account types. I want to trade micro, although they offer 0.1 lots on mini which is esentially the same. Yes?
Almost...

You open a mini account, in which 1 lot = $1.00 / pip (in GBPUSD).

But the system allows you to trade as low as 0.01 lot (microlot) = $0.01 / pip.

You can enter the lot size you wish from 0.01 (0.02 / 0.15 / 0.50 / whatever)

Hope it helps
Quoting opie999
What did the CS guy tell you?
That's what he told me, that Ic ould make a standard account mini by lot sizing or mini into micro. I also asked him about their position as a market maker and if they hedge client positions and he said that they don't have a dealing desk, so I said "Would you consider yourself an ECN then?" and he said he did not know what that was. So I asked him if their primary profits were from spreads and he said yes.
Quoting cesarnc
Almost...

You open a mini account, in which 1 lot = $1.00 / pip (in GBPUSD).

But the system allows you to trade as low as 0.01 lot (microlot) = $0.01 / pip.

You can enter the lot size you wish from 0.01 (0.02 / 0.15 / 0.50 / whatever)

Hope it helps
Right, ok that makes sense. Do you know how many lots they allow per order?
Quoting renegade7
Right, ok that makes sense. Do you know how many lots they allow per order?
I can't remember that. You'd better contact them

And also, the MT4 has a dropdown list of lot sizes. But you can type the amount you wish. You're not stuck to those options...
Quoting cesarnc
I can't remember that. You'd better contact them

And also, the MT4 has a dropdown list of lot sizes. But you can type the amount you wish. You're not stuck to those options...
Ok, I am on with them right now and they are saying 50 in mini 100 in standard...hmmm.
They also said 0.01 for standard and mini, which means I could open a standard and just use 0.01 for micro thereby increasing ammount of lots available.
Quoting renegade7
They also said 0.01 for standard and mini, which means I could open a standard and just use 0.01 for micro thereby increasing ammount of lots available.
Then you change the "size" of your microlots.

If you open:

- a standard account, 1 lot = $10 / pip (in GBPUSD)
- so 0.01 lot = $0.1/ pip

- a mini account, 1 lot = $1 / pip
- so 0.01 lot = $0.01/pip
Quoting cesarnc
Then you change the "size" of your microlots.

If you open:

- a standard account, 1 lot = $10 / pip (in GBPUSD)
- so 0.01 lot = $0.1/ pip

- a mini account, 1 lot = $1 / pip
- so 0.01 lot = $0.01/pip
Exactly.
Perfect!

Thanks!
  • Post #11
  • Quote
  • Last Post: Dec 13, 2007 5:15pm Dec 13, 2007 5:15pm
Quoting renegade7
I also asked him about their position as a market maker and if they hedge client positions and he said that they don't have a dealing desk, so I said "Would you consider yourself an ECN then?" and he said he did not know what that was. So I asked him if their primary profits were from spreads and he said yes.
Funny.
0 traders viewing now