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looking for Broker with Micro accounts accepting paypal

  • #1
  • First Post: May 24, 2011 8:06am May 24, 2011 8:06am
i want to test a few things in the summer on a small live account, so i am looking for a broker offering micro accounts (0.01 lot) , with MT4 , accepting paypal.

i would prefer that you have tried that broker either on micro or regular account. feel free to fire away.
cheers
  • #2
  • May 24, 2011 9:19am May 24, 2011 9:19am
Oanda.
  • #3
  • May 24, 2011 12:32pm May 24, 2011 12:32pm
alpari uk
  • #4
  • May 24, 2011 5:14pm May 24, 2011 5:14pm
you could always get a paypal debit card and thus use any broker who accepts credit/debit cards while withdrawing from your paypal balance.

also you don't incur fees (i've noticed most brokers accepting paypal won't subsidize the fee or instead give "credit"), if anything you could get a small % back at the end of the month if you sign up for the cash back program with paypal
  • #5
  • May 25, 2011 12:34am May 25, 2011 12:34am
gomarketsaus.com

What neuron said is also correct. the credit/debit option is good for you if you use it properly.
Measure trends automatically with zero lag
  • #6
  • May 25, 2011 9:41am May 25, 2011 9:41am
thanks for the answers so far, feel free to add any that you have used and is not already posted (meeting the requirements of course).
  • #7
  • May 25, 2011 2:30pm May 25, 2011 2:30pm
I would say the best broker that offers micro accounts is fxopen. Really easy to open an account as well.
  • #8
  • May 28, 2011 3:35am May 28, 2011 3:35am
great, i will be checking all those
any more?
  • #9
  • May 30, 2011 2:54pm May 30, 2011 2:54pm
Quoting qwertymyfx
I would say the best broker that offers micro accounts is fxopen. Really easy to open an account as well.
I traded live at fxopen, liteforex, forex4you and Gomarkets (L-Plate).

Best spreads and execution you will get at Gomarkets.
They are my #1 broker.

Very good broker for micro accounts ( 1 Pip = 0.1 Cents, yes, not 1 Cent but 0.1 Cents ) is forex4you.
Convenient funding and withdrawl, no problems since 2 years with them.

Third place is fxopen because on the Cent account you cannot trade 0.01 lots, only 0.1 lot .
---> you need more money to test certain strategies which require a big balance.
  • #10
  • Jun 1, 2011 4:54pm Jun 1, 2011 4:54pm
Quoting fxtr51
I traded live at fxopen, liteforex, forex4you and Gomarkets (L-Plate).

Best spreads and execution you will get at Gomarkets.
They are my #1 broker.

Very good broker for micro accounts ( 1 Pip = 0.1 Cents, yes, not 1 Cent but 0.1 Cents ) is forex4you.
Convenient funding and withdrawl, no problems since 2 years with them.

Third place is fxopen because on the Cent account you cannot trade 0.01 lots, only 0.1 lot .
---> you need more money to test certain strategies which require a big balance.
what is an "L-plate" ?
  • #11
  • Jun 2, 2011 3:02am Jun 2, 2011 3:02am
Quoting asos101
what is an "L-plate" ?
Please read on the GoMarkets website.
It is explained there.

In short: you can trade 0.01 lots on a L-plate account
but 1 Pip is not 10 Cents like in a standard account, on L-Plate
1 Pip is 1 Cent.
  • #12
  • Jun 2, 2011 5:23am Jun 2, 2011 5:23am
Quoting fxtr51
Please read on the GoMarkets website.
It is explained there.

In short: you can trade 0.01 lots on a L-plate account
but 1 Pip is not 10 Cents like in a standard account, on L-Plate
1 Pip is 1 Cent.
gotcha, cheers
  • #13
  • Jun 2, 2011 6:56am Jun 2, 2011 6:56am
Quoting nebuman213
Oanda.

Agree. Oanda will be the best choice!
  • #14
  • Last Post: Jun 2, 2011 1:20pm Jun 2, 2011 1:20pm
hey guys how's fxsol uk ??
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