What's the smallest possible trade size on Oanda's MT4? Is it really 100 units?
I can vaguely remember reading somewhere it was 1000 units. On their Java platform you can trade as small as 1 unit but MT4 is somehow restricted to certain minimum lot sizes.
Is there any metatrader broker that allows to buy $100 lots?
Ignored
Hi Jasus,
FXCM offers MT4 with No Dealing Desk (NDD) forex execution where the pip value is about $0.10 for major pairs per 0.01 lots traded (microlots). Our NDD execution means we send every order automatically to our price providers and we make money from a mark-up on the spread, avoiding a conflict of interest. You can also scalp, trade news, or trade any EA you want without requotes.
Just so you are aware, there may be some execution differences if you trade in such small lot sizes. For example, nanalot brokers may need to act as a dealing desk (DD), meaning they may need to take on market risk because most major banks will not trade in such small lot sizes. Depending on how you are trading and if you do find a nanolot broker, you may want to ask how they execute trades - are they NDD/ DD? are there order restrictions? how frequent are requotes?
What I'm getting at is that there are additional things to consider along with the lot size.
Yup, FXCM has most every option under the sun so long as you don't mind dealing with a company that when forced to pay for slippage on American accounts, opts to not do same for all of their account holders world wide.
An unethical broker can offer you pretty much whatever the heck you want.
