The Mini account was
designed for those who are new to the FX market. The Mini
account trades in smaller contract sizes of 10,000 units,
1/10th the size of the standard account.
Why Trade a Mini?
Who Should Trade a
|$25 Minimum Account Size
||New FX Traders
Account Balance is Less Than 10K
|1 pip = $1.00
||New To Forex
Need to Build Confidence
a Disciplined Trading Strategy
Ask any successful trader and they will tell you that the
key to trading success is discipline. Everyone has heard the
expression “cut your losses and let your profits run” yet
how many traders actually practice this?
Many traders will hold on to losses hoping it will reverse
eventually, only to see the loss get progressively larger.
These “irrational” trading decisions are based on emotional
reactions to fluctuating profits and losses, a common
pitfall for new traders.
Losses can AND WILL occur. A trader's ability to limit his
losses is just as important (or even more important) than
determining entry points.
Many traders trade mini to develop disciplined trading
strategies, basing decision on pip movement and market
Start Small - Build Up
There is NO MAXIMUM trade volume on the Mini account.
Although the standard trade size is 10,000 units – you are
not limited to trading one lot! For instance, you can trade
10,000 units, 50,000 units or 150,000 units. This means as
you become more seasoned and build up confidence you can
slowly increase the size of your positions. In fact the trade size of 10,000 units allows for
more flexibility in terms of customizing the size of your
trade. The ability to customize the size of the trade
enables better risk management.
Ideal for Accounts under
It is recommended that all traders with account balances less
than $10,000 trade a Mini account. This gives you more
staying power in the market, and the ability to take
advantage of multiple opportunities without over-leveraging
your account. If you over-leverage your account you will not
give yourself room for error. Even if you are correct on the
direction of the market, minor fluctuations can generate a
margin call and liquidate a good position.
Take a Mini Challenge!
Due to the over-the-counter nature of the FX market,
execution varies depending upon the firm you trade with.
The market maker has the reputation of providing high
qualities of execution and service in the FX industry. When you trade FX
online you receive:
New accounts can be up and
running in as little as one business day (subject to method
of funding). Convenient Funding options are:
Credit & Debit Card ($10,000 max per month)
Bank Wire (USD, EUR,
GBP, JPY and AUD only)
***Leverage without proper risk management, this high degree
of leverage can lead to large losses as well as gains.