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micro account is back


kaito kid

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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.

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  • 4 weeks later...

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.

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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 

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