MT4 Broker allowing less than .01 lots? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

CFD Brokers allowing micro lots on indices 0 replies

How to make lots of money using micro lots 16 replies

How to make 1 trade so sell lots = buy lots? 6 replies

Open 4 trades for 4 lots or 1 trade for 4 lots? 5 replies

live acc trial ... ecn/scalping brokers allowing micro/mini lots 1 reply

MT4 Broker allowing less than .01 lots?

  • #1
  • First Post: Mar 18, 2011 8:15am Mar 18, 2011 8:15am
Any exist? I'm currently trading basically .0025 lots (2.5c a pip) on Oanda but using their java interface and using a demo MT4 for charting. It seems every broker only allows .01 lots in MT4 even when you can type your own value in that box. I feel like these ultra small lots allow me to learn and have an emotional attachment as well (something pure demo doesn't give you)...

I debated posting this in rookie discussion...
  • #2
  • Mar 18, 2011 8:23am Mar 18, 2011 8:23am
Can you not create a sub-account in oanda and make it MT4 enabled. Then chart on MT4 but enter your trade on Oanda java at 0.0025 lots. Then manage the trade in the MT4 interface.

Note that I do NOT KNOW that this will work. I just know that I have been demoing oanda and I have done this with normal lot numbers. I entered 100,123 units on java and i managed it on mT4 where it showed as 1 lot but on java it still showed as 100,123 units. I am new to oanda (demo only on it) so I could be totally wrong.

Quoting fldash
Any exist? I'm currently trading basically .0025 lots (2.5c a pip) on Oanda but using their java interface and using a demo MT4 for charting. It seems every broker only allows .01 lots in MT4 even when you can type your own value in that box. I feel like these ultra small lots allow me to learn and have an emotional attachment as well (something pure demo doesn't give you)...

I debated posting this in rookie discussion...
  • #3
  • Mar 18, 2011 8:42am Mar 18, 2011 8:42am
Quoting flyer415
Can you not create a sub-account in oanda and make it MT4 enabled. Then chart on MT4 but enter your trade on Oanda java at 0.0025 lots. Then manage the trade in the MT4 interface.

Note that I do NOT KNOW that this will work. I just know that I have been demoing oanda and I have done this with normal lot numbers. I entered 100,123 units on java and i managed it on mT4 where it showed as 1 lot but on java it still showed as 100,123 units. I am new to oanda (demo only on it) so I could be totally wrong.
I honestly didn't think about this... You enter the trade in java, but you can then manage it in MT4? I thought when you enabled an account for MT4 on Oanda, you couldn't use the java interface anymore...
  • #4
  • Mar 18, 2011 9:01am Mar 18, 2011 9:01am
i just did it again in demo.

But when I tried 250 units it did not move to MT4. Seems like you can do it subject to minimums on Mt4. Sorry

Quoting fldash
I honestly didn't think about this... You enter the trade in java, but you can then manage it in MT4? I thought when you enabled an account for MT4 on Oanda, you couldn't use the java interface anymore...
  • #5
  • Mar 18, 2011 9:09am Mar 18, 2011 9:09am
Quoting flyer415
i just did it again in demo.

But when I tried 250 units it did not move to MT4. Seems like you can do it subject to minimums on Mt4. Sorry
Thanks for the help...
  • #6
  • Mar 19, 2011 8:34pm Mar 19, 2011 8:34pm
Quoting fldash
Any exist? I'm currently trading basically .0025 lots (2.5c a pip) on Oanda but using their java interface and using a demo MT4 for charting. It seems every broker only allows .01 lots in MT4 even when you can type your own value in that box. I feel like these ultra small lots allow me to learn and have an emotional attachment as well (something pure demo doesn't give you)...

I debated posting this in rookie discussion...
IBFX Australia offer standard and mini mt4 accounts, so a mini account trading 0.01 lots should give you 1c/pip lot sizes I believe, whereas a standard account 0.01 lots is 10c/pip. I think I'm right in saying this, but I don't trade with them so not 100% sure.

regards

murray
  • #7
  • Mar 20, 2011 9:16am Mar 20, 2011 9:16am
Go Markets L-Plate account, minimum trade size is 100 units, 1 cent per pip
  • #8
  • Mar 20, 2011 9:22am Mar 20, 2011 9:22am
Quoting muzza
IBFX Australia offer standard and mini mt4 accounts, so a mini account trading 0.01 lots should give you 1c/pip lot sizes I believe, whereas a standard account 0.01 lots is 10c/pip. I think I'm right in saying this, but I don't trade with them so not 100% sure.

regards

murray
Indeed IBFX offers mini accounts where 1 lot = 10000 units ($) and 0.01 lots = 100 units ($0.01/pip), and not only in Australia...
http://www.ibfx.com/Promo/Account-Types
  • #9
  • Last Post: Edited 10:31pm Mar 20, 2011 10:17pm | Edited 10:31pm
Quoting muzza
IBFX Australia offer standard and mini mt4 accounts, so a mini account trading 0.01 lots should give you 1c/pip lot sizes I believe, whereas a standard account 0.01 lots is 10c/pip. I think I'm right in saying this, but I don't trade with them so not 100% sure.

regards

murray
Thanks muzza. I never knew this. I thought IBFX was USA only. Do they have other countries as well? I looked for link, but could not find one.

sorry, i see now. USA and Australia are only choices.
0 traders viewing now