Any broker allows lot size where 1 pip = 0.001 cents | Forex Factory

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Any broker allows lot size where 1 pip = 0.001 cents

  • #1
  • First Post: Aug 12, 2010 5:22am Aug 12, 2010 5:22am
Hi
Is there any broker who allows trading lot size where 1 pip movement will be 0.001 cents?
  • #2
  • Aug 12, 2010 6:08am Aug 12, 2010 6:08am
Quoting arni_venky
Hi
Is there any broker who allows trading lot size where 1 pip movement will be 0.001 cents?
the only broker I know is oanda

trade any amount from 1 unit to 10,000,000 same price and features

probably the biggest retail fx broker
  • #3
  • Aug 12, 2010 6:56am Aug 12, 2010 6:56am
I think maybe fxopen.

ask them.
  • #4
  • Aug 12, 2010 10:27am Aug 12, 2010 10:27am
1 pips = 0.001 cent or 0.001 dollar?

instaforex and forexhunt offer 0.1 cent per pips with cent accounts.
In forex, one currency is always up!
  • #5
  • Aug 12, 2010 6:05pm Aug 12, 2010 6:05pm
Quoting arni_venky
Hi
Is there any broker who allows trading lot size where 1 pip movement will be 0.001 cents?
Using Oanda trading $1.00 lot sizes is equal to each pip being 1/100th of a cent (0.0001 in decimals I think ). No other broker offers that that I'm aware of.
  • #6
  • Aug 16, 2010 7:30am Aug 16, 2010 7:30am
Quoting arni_venky
Hi
Is there any broker who allows trading lot size where 1 pip movement will be 0.001 cents?
Why bother? You'll have more fun and less hassle on a demo.

I wonder who would be the first on the forum to complain of stop hunting on a 1 millionth of a cent trade.
  • #7
  • Aug 16, 2010 8:43am Aug 16, 2010 8:43am
Quoting Steph
Why bother? You'll have more fun and less hassle on a demo.

I wonder who would be the first on the forum to complain of stop hunting on a 1 millionth of a cent trade.
ha ha ha we should set up an odds thread............
  • #8
  • Aug 17, 2010 7:07am Aug 17, 2010 7:07am
Quoting arni_venky
Hi
Is there any broker who allows trading lot size where 1 pip movement will be 0.001 cents?

You can try eglobal, but they are a MM and you will notice it.
  • #9
  • Jan 17, 2013 4:21am Jan 17, 2013 4:21am
.
A few Broker exist that have "cents" accounts.
As anyone knows MT4 has only 2 digit lotage and the minimal is 0.01 or 1000 units of currency
and 1000 untis increments.

These "cents" broker have solve that problem by converting dollars into cents, so if you open
and account with 10 dollars then convert then into cents and show 1000 in the account.

Lotage will be the same as if you really had 1000 dollars but it is 1000 cents.

Everything in the account, including profits, losses, spreads and statements show as a normal
dollars account.

As you can guess, orders probably never leave the Broker to a liquidity provider and is a matter of market
making and matching clients orders.

These, unluckily are very popular with scams and smoke seller. They show up quite well in myfxbook and other
similar stats sites.

In one of these is possible to get 0.001 cents pip.
Any other options would be with non-mt4 Broker like Oanda that their platform has non-conventional lotage with
a lot more decimals. I am not sure what is the minimum purchase in Oanda.

J.
  • #10
  • Jan 17, 2013 10:11am Jan 17, 2013 10:11am
you may try http://www.roboforex.com/operations/no-deposit-bonus/ they offer $15 no deposit cent account.
or try Exness , forex4you or liteforex. all of them have cent accounts
  • #11
  • Feb 25, 2013 9:11am Feb 25, 2013 9:11am
Quoting mr.az
the only broker I know is oanda

trade any amount from 1 unit to 10,000,000 same price and features

probably the biggest retail fx broker
Good to hear, im thinking to open an account with them..
  • #12
  • Feb 25, 2013 9:12am Feb 25, 2013 9:12am
Quoting kidspips
1 pips = 0.001 cent or 0.001 dollar?

instaforex and forexhunt offer 0.1 cent per pips with cent accounts.
Insta is scam imo..
  • #13
  • Apr 9, 2013 7:37am Apr 9, 2013 7:37am
GFT does global forex trading and I really like their trading platform too
  • #14
  • Apr 16, 2013 2:56am Apr 16, 2013 2:56am
FXCM having reasonable spreads, i like their web platform trading
  • #15
  • Apr 18, 2013 4:29am Apr 18, 2013 4:29am
Ibfx Au
XeMarkets
Traders Way
FxOpen Micro accounts ($3k account balance limit)
and a few others already mentioned all have cent accounts
Measure trends automatically with zero lag
  • #16
  • Apr 18, 2013 8:03pm Apr 18, 2013 8:03pm
Quoting Ammeo
Insta is scam imo..
Yes, I am agree with you ... insta is a scam. They does not give the bonus with some reasons (they own create the reason for that), they will open your closed stop loss orders, and you will get more loss .... they will make requote ... and requote at big move, it your order direction is right (even you have set the spread to 10 pips !! ). Don't deal with them ....
Similarity can change your life !
  • #17
  • Apr 19, 2013 12:01am Apr 19, 2013 12:01am
instaforex has a standard.cent and eurica.cent account. however, they are a market maker with a 3 pip fixed spread on all major pairs. if you can handle those conditions, then by all means go for them. if you can't, then probably not a good idea to trade with them.
  • #18
  • Feb 7, 2017 1:41pm Feb 7, 2017 1:41pm
Hello Guys! Need to refresh thread a bit ...

I need cents account for forex which doesn't have limitations for Lot size, most of brokers limitate max 10 or 30 lots.

Do you know some brokers which are regulated and have good cents account?
  • #19
  • Last Post: Feb 8, 2017 9:00pm Feb 8, 2017 9:00pm
Quoting explorn
Hello Guys! Need to refresh thread a bit ... I need cents account for forex which doesn't have limitations for Lot size, most of brokers limitate max 10 or 30 lots. Do you know some brokers which are regulated and have good cents account?
since you want big Lot size, why use cent accounts then?

as I know, no regulated brokers provide such CENT accounts except some small unregulated brokers
Forex, my love!
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