Forex micro vs standard account

Forex micro vs standard account

  this is typically an operational mode for small clients, whereas larger traders normally choose standard accounts. That said, using a micro account forex is in many cases the optimal way to make the first steps in the forex market. Forex trading is risky at any level of deposits involved, but micro account money management is relatively easy.

  lets recap briefly the difference between a forex micro account and a forex standard account forex standard accounts usually offer minimum trade sizes as low as 1 micro lot. Forex micro accounts, on the other hand, offer minimum trade sizes as low as 1 nano lot.

A standard lot stands for 100,000 units of the base currency a mini lot stands for 10,000 units, a micro lot stands for 1,000 units while a nano lot stands for 100 units of the base currency. So, if you buy a standard lot of a currency pair, you are buying 100,000 units of the base currency.

  the micro account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of 5. The standard account allows you to operate with standard lots and it has minimum initial deposit of 5.

  micro account units eurusd pip value 0,10 mini account 1 lot 10. 000 units eurusd pip value 1 standard account 1 lot 100. 000 units eurusd pip value 10 efxs eurusd pip value remains always 0,10.

  forex for beginners part 5 - what is lot? Micro, mini, and standard account - youtube. Forex for beginners part 5 - what is lot? Micro, mini, and standard account.

Forex accounts at xm can be opened in micro, standard or xm zero formats as shown in the table above. Please note that forex (or currency) trading is available on all xm platforms.

  forex micro lots are equivalent to 1,000 units of the base currency. Essentially, a standard account lot is equal to ten mini account lots which is equal to ten micro account lots.

  the main difference between xm micro and standard accounts would be the trading volume.

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Forex micro vs standard account

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