mini forex

Account Types: Standard & Mini

GTL supports two different account types for FX trading, "Standard," and "Mini." The "Mini" account is designed for clients who wish to minimize their risk and be able to leverage smaller amounts of currency.

Standard FX accounts have a lot size of 100,000 USD, and a default margin requirement of $500.

Mini FX accounts have a lot size of 10,000 USD, and a default margin requirement of $50. The value of one pip, and therefore the scale of profit/loss potential, is 10 times smaller for Mini FX accounts than for Standard FX accounts.

A Mini FX account is an excellent "first step" to FX trading, where a client new to a particular instrument or to FX can explore strategies and learn the market with a smaller loss potential than with the Standard FX accounts. Once the client has perfected their approach on the Mini FX account, their account can be upgraded to Standard and they can begin to truly reap the profit potential of FX.