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:
An intuitive and user-friendly trading software
Rapid execution from live, streaming prices
New accounts can be up and running in as little as one business day (subject to method of funding). Convenient Funding options are:
Online check
Credit & Debit Card ($10,000 max per month)
Bank Wire (USD, EUR, GBP, JPY and AUD only)
Paper Check
***Leverage without proper risk management, this high degree of leverage can lead to large losses as well as gains.
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:
An intuitive and user-friendly trading software
Rapid execution from live, streaming prices
New accounts can be up and running in as little as one business day (subject to method of funding). Convenient Funding options are:
Online check
Credit & Debit Card ($10,000 max per month)
Bank Wire (USD, EUR, GBP, JPY and AUD only)
Paper Check
***Leverage without proper risk management, this high degree of leverage can lead to large losses as well as gains.
Easy-Forex has a range of different trading accounts with varying benefits and spreads. With the help of a personalized Account Service Manager, you can choose the trading account that is best for you.
When first setting up an account with Easy-Forex you may define the type of forex account you like.
You may open a mini-account with a margin of as little as $12.5. Additional account types are Gold, Platinum and a Tailor Made Import-Export account. The type of the account will also determine the spread offered to the client, ranging from 10 pips for a mini-account, 7 pips for gold accounts, 5 pips for platinum accounts and 3 pips for tailor made accounts.
When first setting up an account with Easy-Forex you may define the type of forex account you like.
You may open a mini-account with a margin of as little as $12.5. Additional account types are Gold, Platinum and a Tailor Made Import-Export account. The type of the account will also determine the spread offered to the client, ranging from 10 pips for a mini-account, 7 pips for gold accounts, 5 pips for platinum accounts and 3 pips for tailor made accounts.
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Forex mini accounts only require $250. The Mini Forex account designed for those who are new to the Forex market. The Forex Mini account trades in smaller contract sizes of 10000 units.
Risk Warning: please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone.
Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don't trade with money you can't afford to lose.
Any opinions, news, research, analyses, prices or other information contained on this website, by EasyForexForum.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. EasyForexForum.com Easy Forex Trading System will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don't trade with money you can't afford to lose.
Any opinions, news, research, analyses, prices or other information contained on this website, by EasyForexForum.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. EasyForexForum.com Easy Forex Trading System will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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Until recently anyone wishing to trade the Forex market needed thousands of dollars just to open an account. This put the market out of reach for anyone other than large businesses and cash rich individuals.
These mini accounts are set to help the foreign exchange become the worlds most popular trading activity. Everyone from students and housewives right up to millionnaire entrepeneurs can now trade the Forex on a mini account and still make large profits.
These mini accounts are set to help the foreign exchange become the worlds most popular trading activity. Everyone from students and housewives right up to millionnaire entrepeneurs can now trade the Forex on a mini account and still make large profits.
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Forex Mini Account Easy Forex
With eToro you get the lowest forex spreads |
For many traders new to the Forex market, opening a mini-account is the next logical step after practicing in a demo-environment. With a Forex mini account you can expect low minimum deposits of as little as $100 which can usually be deposited through bank transfer or Credit Card, sometimes even Debit Cards which is obviously very advantageous.
The idea of a Forex mini account is that it allows a new trader to get started in currency trading with small amounts until they gain the confidence, experience and profits to be able to tackle a professional account and make the really big money.
To help you do this many mini accounts come packaged with a variety of support tools from simple charting right through to personal 1 to 1 tuition. The software of the mini account is usually very easy to use since its main user is the inexperienced trader and there are usually measures in place to help you manage your trading and avoid any significant losses.
A mini Forex account will still offer you good leverages (often up to 200:1) and competitive pip spreads (3-5 is the typical) so you can still make big profits while you learn the fundamentals of trading and work on developing your own Forex strategy. A mini Forex account is best for those who intend on depositing less than $1,000 and for those who are new to online currency exchange. We always stress that it is important to learn to run before you walk in Forex and for that reason when starting to trade you should ideally start by opening a forex mini account with a reputable Forex broker.
The idea of a Forex mini account is that it allows a new trader to get started in currency trading with small amounts until they gain the confidence, experience and profits to be able to tackle a professional account and make the really big money.
To help you do this many mini accounts come packaged with a variety of support tools from simple charting right through to personal 1 to 1 tuition. The software of the mini account is usually very easy to use since its main user is the inexperienced trader and there are usually measures in place to help you manage your trading and avoid any significant losses.
A mini Forex account will still offer you good leverages (often up to 200:1) and competitive pip spreads (3-5 is the typical) so you can still make big profits while you learn the fundamentals of trading and work on developing your own Forex strategy. A mini Forex account is best for those who intend on depositing less than $1,000 and for those who are new to online currency exchange. We always stress that it is important to learn to run before you walk in Forex and for that reason when starting to trade you should ideally start by opening a forex mini account with a reputable Forex broker.
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Mini Forex Accounts
Forex Mini Accounts are Perfect for New Traders
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Start Trading Forex Small
Build up confidence. There is no maximum trade volume on the Mini Forex account. Although the standard trade size is 10,000 units – you are not limited to trading one lot. For example, one 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.
Build up confidence. There is no maximum trade volume on the Mini Forex account. Although the standard trade size is 10,000 units – you are not limited to trading one lot. For example, one 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.