Micro Account Forex Brokers
Micro Accounts that are offered by various brokers allows live trading made up of contracts or on Forex markets, while the trading process itself performed through micro lots equivalent to 1,000 units of the base currency or asset.
Which means instead of trading a full unit, the trader gets an opportunity to speculate on the price through the initial low balance and small capital requirements which decreases dramatically the risks involved.
- According to the allowed and offered leverage by a particular broker and his regulatory restrictions, the trader still achieves a quite good bunch of trading opportunities or options, and even run long-term positions.
- Another potential of the micro accounts are technological trading practices, as the traders who would like to test their algorithms, robots or strategies are in need to trade within the real environment, however while limiting potential losses.
- Recently among the leading regulated brokers that offer setting trading with Micro Accounts and the minimum deposits from only 1$, along with the numerous possible advantages bringing an exciting opportunity to access minimal transaction volume, yet engage into the real trading.
Micro Account is a popular choice among the beginning traders and usually chosen with the purpose to engage into the real trading environment without a significant amount of investment.
Nevertheless, the micro accounts under very high levels of leverage might be very tricky, thus you should choose carefully the broker you deal with and choose among reputed regulated brokers. As the unscrupulous, non-regulated or offshore brokers may easily manipulate trades and blow accounts even with an attractive offering, as they are overseen by none of the authorities.
Min. Deposit: 250 US$
Max. Leverage: 1:30
Trading Platforms: ActivTrader, MT4, MT5
Regulation: FCA, CBS