⭐ Mini Account Forex Brokers
Mini account = account with the smallest deposit requirement
- Mini Forex accounts are designed for novice traders. The tiniest accounts are known as Cent accounts
- They have lowest minimum deposit, highest leverage and micro lot trading
- However, the costs - spreads and commission - will always be on the high end
- Mini accounts are a good entry level, but not a sustainable choice in the long run
- If a Forex broker runs 2 books (A-book and B-book), Mini accounts will always be on the B-book
Mini account = account with the smallest deposit requirement ...read more
- Mini Forex accounts are designed for novice traders. The tiniest accounts are Cent accounts.
- They have lowest minimum deposit, highest leverage and micro lot trading
- However, the costs - spreads and commission - will always be on the high end
- Mini accounts are a good entry level, but not a sustainable choice in the long run
- If a Forex broker runs 2 books (A-book and B-book), Mini accounts will always be on the B-book
Mini Account Forex broker
— a dealer that facilitates mini-trading by opening smallest trading accounts with as lows as $1 initial deposit and accepting volume in micro lots as low as 0.01 lotHow Mini Account Forex brokers work?
- Price: Mini Account Forex brokers in their majority will execute orders via a B-book. Means they will be the sole execution venue for all Mini-account Clients
- Trade: Trading is done in the smallest lots of 0.01 or less, however the trading cost (pip price) is always the highest comparing to Standard Forex accounts
- What's the deal? Clients can practice live trading with relatively low investments. Ideal for beginner traders as well as for low-risk testing of new trading strategies in Live mode.
