Micro Account
FOREX MICRO ACCOUNT
Micro account is the kind of trading account that is perfect for those Forex traders
who are new to this kind of trading. You will be able to practice as well as learn
the art of Forex trading by opting for this kind of account. If you are looking
forward to trade in this market with as little risk as possible, then a micro account
can offer you that. As compared to trading with the ‘normal’ Forex trading account,
the micro account permits you to carry out trading in the market with a small account.
Many a times, investors get confused about demo accounts and micro accounts. There
are some people who believe that micro accounts are not profitable and they can
not be considered as serious but this is where they are wrong. Micro accounts are
as real and as serious as the normal accounts and they can make you profit too.
These are some of the features of a micro account:
- The platforms are easy to use.
- There is flexible leverage.
- The pip value is about $0.10 approximately.
- You can start a micro account with an amount of your choice. You will
not find any minimum initial deposit in this kind of account.
- Ten micro lots is the maximum trade volume.
- One micro lot is the minimum trade volume.
The minimum amount that you will have to use to open micro account is just $100
and just like in the normal account, it is possible for you to leverage your money
in 1:200. All the trades in the trading platform of a micro account are carried
out in standard sizes. When it comes to trading on micro account, you will find
that there is no maximum trading volume.
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