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Hi, Im a newbie trader still on demo accounts but your minilite account has a opening deposit of $1 USD however your lot sizes are 100k with a leverage of 1:100 or 1:200 meaning the minium to open a order would be $500-1000 USD if i am not mistaken how come the inital deposit is so low when you would be unable to make any trades?
The reason i ask is that at some point i will want to get a feel for the market outside of a demo situation however i would like to dip my feet in the market with $250 USD and use .1 or .01 lot sizes in order (yes im fully aware i will loose that cash, i consider it a "course fee")
Well i e-mailed LFX over 5 hours ago in the middle of my working day, i have not heard any response from them, given the market is 24/7 im disappointed i didnt get a reponse as i liked the look of their accounts and services.
Hi, Im a newbie trader still on demo accounts but your minilite account has a opening deposit of $1 USD however your lot sizes are 100k with a leverage of 1:100 or 1:200 meaning the minium to open a order would be $500-1000 USD if i am not mistaken how come the inital deposit is so low when you would be unable to make any trades?
Lot size for MINILite and 100KLite accounts is 100000 US Cents. Minimum size per trade is 0.1 Lot meaning 50-100 Cents per one position.
Well i e-mailed LFX over 5 hours ago in the middle of my working day, i have not heard any response from them, given the market is 24/7 im disappointed i didnt get a reponse as i liked the look of their accounts and services.
You can ask any questions on our forum, if time of response is too long for you.