Micro Trading Account
Micro accounts are based on the Market Maker execution.
FXOpen Forex Micro accounts are denominated in US cents. These accounts stand out for the minimal initial deposit ($1 only), small transaction size and low margin requirements. While requiring very little money, Micro forex accounts offer basically the same trading conditions as STP accounts. Forex Micro accounts can be useful for all types of trader from the novice looking to learn to seasoned professional looking for ways to test new strategies, indicators and expert advisors with minimal risk.
|Micro Trading Account|
|Minimum deposit||from $1|
|Minimum transaction size||0.01 microlots|
|Maximum transaction size||25 microlots|
|Minimal increment||0.01 microlots|
|Leverage||up to 1:500*|
|Open orders (max)||100|
|Instruments||28 currency pairs + gold and silver|
|Market depth with level 2 quotes||No|
|Trading time||00:00 Mon – 22:59 Fri (FXOpen Server Time)|
|Inactive account fees||
maintenance - $10 per month
reactivation - $50
Maximum allowed number of Micro accounts to open is 2.
The balance for Micro Forex account in the Meta Trader is indicated in US Cents.
Our spreads may be increased with news or other high/low volume conditions.
*Once the balance of a Micro account exceeds $3000, the leverage will be decreased 100x (for example: from 1:500 down to 1:5).
**For overnight positions we charge an additional commission equal to the Swap rate of the particular currency pair.