The following are the characteristics of a Forex Mini Account. Minimum required account deposit = $300 Recommended required account deposit = $2,000 Traded in 10,000-unit currency lots Default Margin: set at 0.5% ($50 per mini-lot)
Leverage up to = 200:1
Contrary to what you may be tempted to think, there is no downside to trading a Forex mini account, you will be enjoying all the benefits that full-size FX account holders enjoy; including, same state-of-the art trading software from your broker, charts, resources, and tools.
This mini accounts are ideal for a new Forex trader to develop a disciplined, rational forex trading strategy and technique without excessively focusing on the fear naturally arising from thinking too much about profits and losses.
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