Forex ideas

The Mini trading account uses the same state-of-the-art trading platform as the regular trading account. There is no additional software to download.

Account Size
The minimum amount that is required to open a Mini trading account is $300. Of course, due to the high leverage and the extremely volatile nature of the Forex market, the recommended minimum investment size is $2,000. Note: Leverage without proper risk management can lead to large losses as well as gains.

Trade Size
On the Mini trading platform all trades are executed in standard sizes of 10,000 base currency per one lot. There is no maximum trading volume on the Mini trading platform.

Pip/Tick Value
Profit and loss is easy to calculate when trading on the Mini platform. In the EUR/USD and many other currency pairs, a one pip (or tick) movement in the exchange rate is equal to a one-dollar gain or loss in the account value per lot (and approximately $1 in the 17 other currency pairs).

Margin Requirement
Up to 200:1 Leverage: Clients must have approximately 1/2% of the value of the positions they hold in their account for each lot of currency being traded (approximately 200:1 leverage). Leverage without proper risk management, this high degree of leverage can lead to large losses as well as gains. This equates to $50 per lot (10,000 units). This amount does not change after 5:00 PM New York time, which is the rollover cut off, but stays constant at approximately 1/2% per lot the entire day and overnight.

Guaranteed Limited Risk: There is also an important safety feature imbedded in this system that prevents clients from losing more money than they have in the account. Should the account equity -- meaning the total floating value of the account -- fall below the margin requirement of approximately 1/2% per lot, the dealing desk may close all positions.

Spreads
Dealing Spreads

--------------------------------------------------------------------------------

These spreads may vary depending on market conditons.

Currency Pair Spread Currency Pair Spread

EUR/USD 03 pips EUR/CHF 07 pips

USD/JPY 04 pips EUR/CAD 10 pips

USD/CHF 05 pips EUR/AUD 15 pips

USD/CAD 05 pips GBP/JPY 09 pips

GBP/USD 05 pips GBP/CHF 15 pips

EUR/JPY 04 pips CAD/JPY 10 pips

AUD/USD 04 pips CHF/JPY 09 pips

NZD/USD 04 pips AUD/CAD 10 pips

EUR/GBP 03 pips AUD/JPY 08 pips

NZD/JPY 10 pips AUD/NZD 13 pips
GBP/AUD 15 pips EUR/NZD 30 pips