Forex Brokers with Micro Accounts
Here you can find the Forex brokers that offer micro-lot accounts to their traders. One micro-lot is a hundredth of a standard lot, or 1,000 units of a currency. Despite its reputation, a micro-Forex account can be very useful even if you have enough trading capital for a standard account. It is much easier to implement conservative position sizing techniques with micro-lots. Some trading strategies require simultaneous creation of tens of market positions; in this case micro-lots will surely help to size and scale the positions adequately. Additionally, an option to open a micro account with a Forex broker can turn out to be useful if you want to test its execution, live accounts support and deposit/withdrawal speed without risking too much cash. You will find 224 brokers listed in the table below.
Here, you will find two valid reasons to trade with a broker offering micro- or nano-accounts:
- Your account is not big enough to tolerate bigger lot size.
- Your deposit is big enough, but you want more precision in your position sizing.