Quote:
Originally Posted by aleccoh
Good Day All
To Omelette
Yes we offer Microlots. This is how it goes.
If you open a standard account and trade 1 lot of EURUSD , each pip will represent 10$
If you open a standard account and trade 0.1 Lot of EURUSD , each pip will represent 1$
If you open a Mini account and trade 1 lot of EURUSD , each pip will represent 1$
If you open a Mini account and trade 0.1 lot of EURUSD , each pip will represent 0.1 $ ( or microlots)
We are in the process of implementing the 0.01 lots on Mini accounts so if you trade 0.01 lot of EURUSD, each pip represents 0.01 $ (nanolots)
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aleccoh, I appreciate the reply. I'm well aware of pip-values, btw. However, your website clearly states that 0.01 lot trading on standard accounts is permitted which is misleading and should be changed imo.
The reason I'm pursuing this is that I have opened a standard account with you, partly in the belief that I would be able to work with 0.01 lot sizes for EA-testing purposes. I was already informed by your support team that this was not possible and I would have to open a mini account, which entails going through the entire application process again - inconvenient to say the least...
Finally, as I suggested in my preceding post, details of the exact swap interest offered on the various pairs is missing from your site. As you know, these can vary considerably between brokers so most would consider its availability mandatory.
I appreciate the info. on interest-free accounts. One question. Is this $5-per-day charge per full-lot size, $0.5 per mini-lot (0.1) and $0.05 per micro/nano-lot (0.01)? Thanks.