Hudson Posted February 7, 2023 Share Posted February 7, 2023 I prefer a standard account than micro because a standard account lot is equal to ten mini account lots, which is, in turn, equal to ten micro account lots. Quote Link to comment Share on other sites More sharing options...
nanamage Posted February 23, 2023 Share Posted February 23, 2023 What advantages does the FBS micro account provide? Is there no swap free? Quote Link to comment Share on other sites More sharing options...
radex78 Posted February 23, 2023 Share Posted February 23, 2023 Beginners traders suitable to use micro account and start trading with low budget below $100, they can safe trade using smallest micro lot. If micro account able to make the money grow to bigger, then they can trying standard account to get new challenge. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 31 Share Posted January 31 On 2/24/2023 at 4:59 AM, radex78 said: Beginners traders suitable to use micro account and start trading with low budget below $100, they can safe trade using smallest micro lot. If micro account able to make the money grow to bigger, then they can trying standard account to get new challenge. We will need to start using the ECN based accounts as they have lowest market spreads. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted February 26 Share Posted February 26 Micro accounts like from HFM offer several advantages for traders, including lower minimum deposit requirements, smaller position sizes, and the opportunity to practice trading with real money but limited risk. However, not all brokers offer swap-free options for micro accounts. Traders who require swap-free accounts due to religious or other reasons may need to inquire with their broker about the availability of such options for micro accounts. Quote Link to comment Share on other sites More sharing options...
bigxy Posted March 28 Share Posted March 28 Traders having small amounts can start with the micro accounts offered by brokers like hfm etc. They also offer good earning if you are a trained trader. Quote Link to comment Share on other sites More sharing options...
radex78 Posted June 25 Share Posted June 25 The micro account is most suitable for beginner traders because it has lower risk, if the standard account uses a contract size of 1 lot of $100k, the micro account of 1 lot uses a contract size of $1000, another type of account that has a lower contract value is the nano account, this uses a contract size 1 lot of nano is equal to $100. Now I use a standard account at FXOpen ECN Quote Link to comment Share on other sites More sharing options...
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