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$300 Minimum Account
- Up
to 200:1 Leverage*
- 1
Pip ≈ $1.00
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Smaller Trade Size
- 27
currency pairs
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New FX Traders transitioning from stocks or futures
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Account Balances with less then $10,000
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Traders wanting to test out FXCM Execution and services
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Experienced traders looking to fine tune trading approach
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Traders Wanting Free Access to FXCM Trade Ideas
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Plus Mini Accounts Include All
The Features of a 100K Account Including:
View All Benefits |
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No Dealing Desk execution
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Euro/US dollar spread frequently
2 pips,
British pound/dollar 3 pips
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Greater stability during
volatile markets
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Trading from charts
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Hedging
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Receive positive rolls at all
margin levels
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24-hour online access to
exclusive trading ideas
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The FXCM
Mini account was designed for those who are new to the FX
market. The Mini account trades in smaller contract sizes of
10,000 units, 1/10th the size of the standard account. In
addition, the Mini account allows traders to become familiar
with FXCM, specifically the quality and reliability of FXCM
dealing practices and the stability of the FX Trading Station.
Develop a Disciplined Trading
Strategy
Ask any
successful trader and they will tell you that the key to
trading success is discipline. Everyone has heard the
expression “cut your losses and let your profits run” yet how
many traders actually practice this?
Many traders will hold on to losses hoping this trend will
reverse eventually, only to see the loss get progressively
larger. These “irrational” trading decisions are based on
emotional reactions to fluctuating profits and losses, a
common pitfall for new traders.
Losses can AND WILL occur. A trader's ability to limit his
losses is just as important as (or even more important than)
determining entry points.
Because the pip value on the Mini Account is about $1 per pip,
traders can focus on developing a disciplined trading
strategy, basing decisions on pip movement and market
conditions.
Consider the Following Example: When trading a FXCM Mini
account, a 30-pip floating loss is approximately $30. That
same 30–pip move against you on the 100K account now becomes a
$300 floating loss. Based on this example, by starting with a
Mini account, a trader loses only a small amount on every
losing transaction making it easier to stick to a disciplined
trading strategy. Generating larger losses on the 100K account
can be detrimental to new traders as the temptation to hold on
to the loss is much greater based on the size of the loss.
Start Small—Build Up Confidence
There is
NO MAXIMUM trade volume on the FXCM Mini account. Although the
standard trade size is 10,000 units – you are not limited to
trading one lot! For instance, you can trade 10,000 units,
50,000 units or 150,000 units. This means as you become more
seasoned and build up confidence you can slowly increase the
size of your positions. In fact the trade size of 10,000 units
allows for more flexibility in terms of customizing the size
of your trade. The ability to customize the size of the trade
enables better risk management.
Ideal for Accounts under $10,000
FXCM
recommends that all traders with account balances less than
$10,000 trade a Mini account. This gives you more staying
power in the market, and the ability to take advantage of
multiple opportunities without over-leveraging your account.
If you over-leverage your account you will not give yourself
room for error. Even if you are correct on the direction of
the market, minor fluctuations can generate a margin call and
liquidate a good position.
Take a Mini Challenge!
Due to
the over-the-counter nature of the FX market, execution varies
depending upon the firm you trade with. FXCM provides
execution and service reputed to be among the highest quality
in the FX industry. When you trade online with FXCM you
receive:
- An
intuitive and user-friendly trading software
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Rapid execution from live, streaming prices
New accounts can be up and running in
as little as one business day (subject to method of funding).
Convenient Funding options are:
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Online Check
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Credit & Debit Card ($10,000 max per month)
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Bank Wire (USD only)
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Paper Check
*Leverage
is a double-edged sword. Without proper risk management,
this high degree of leverage can lead to large losses as
well as gains.
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MINI FOREX TRADING | FXCM MINI
ACCOUNT | MINI FOREX
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