Check Account Type: Standard/Mini | Forex Factory

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Check Account Type: Standard/Mini

  • #1
  • First Post: Jul 17, 2009 1:57pm Jul 17, 2009 1:57pm
I have a customer who requested this...

Anyone knows if there is any reliable way to check the account type? E.g. Standard or Mini account.

As far as I know, there is no standard definitions for account types... A mini account at Oanda might be a standard account elsewhere... Thoughts?
  • #2
  • Jul 17, 2009 3:54pm Jul 17, 2009 3:54pm
Quoting findmanu
I have a customer who requested this...

Anyone knows if there is any reliable way to check the account type? E.g. Standard or Mini account.

As far as I know, there is no standard definitions for account types... A mini account at Oanda might be a standard account elsewhere... Thoughts?
call the broker
  • #3
  • Jul 18, 2009 2:42am Jul 18, 2009 2:42am
Quoting findmanu
I have a customer who requested this...

Anyone knows if there is any reliable way to check the account type? E.g. Standard or Mini account.

As far as I know, there is no standard definitions for account types... A mini account at Oanda might be a standard account elsewhere... Thoughts?
Not sure exactly what you mean. As far as I know, the MarketInfo(<pair>,MODE_MINLOT) function gives the minimum lot size tradable. Values of 1, 0.1, 0.01 etc should give the answer. Or am I misunderstanding your question?
  • #4
  • Jul 18, 2009 6:08am Jul 18, 2009 6:08am
you can figure it out using: pipvalue =MarketInfo(Symbol(),MODE_TICKVALUE);

This will tell you the value of 1 pip move. Use this to determine if your on Std or Mini or Micro based on the return value. 2 steps instead of one.
  • #5
  • Jul 18, 2009 5:46pm Jul 18, 2009 5:46pm
This is my observation. Can this be called a definition?

Micro Account:
1 lot = 1000 units
EUR/USD pip value = $0.10

Mini Account:
1 lot = 10,000 units
EUR/USD pip value = $1

Standard Account:
1 lot = 100,000 units
EUR/USD pip value = $10
  • #6
  • Last Post: Jul 19, 2009 3:08pm Jul 19, 2009 3:08pm
Quoting findmanu
This is my observation. Can this be called a definition?
That is the way I've always understood it, but I can't prove with 100% certainty that it's a universally held definition.
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