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Trading 0.001 lot or less

10 replies

tnickel

Customer, bbp_participant, community, sq-ultimate, 457 replies.

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5 years ago #114237

Hi I have a Question.

 

It is possible to trade very small accounts with the SQ EAs.

 

For example 0.001 lot  or less?

 

Who have experience with this?

 

I opened a cent Account at Forex4You

 

thomas

https://monitortool.jimdofree.com/

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munchie

Customer, bbp_participant, community, 63 replies.

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5 years ago #132854

Maybe you could try it on their demo?

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mikeyc

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5 years ago #132858

Forex4You.

 

The service is not available for US, UK and Japan residents.

 

 

Sounds suspicious to me.  Another market maker broker that will ensure you never make a profit and if you do, cancel your trades and throw you out?

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munchie

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5 years ago #132861

Seems like it, why else would they not operate in the key regulated markets?

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mikeyc

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5 years ago #132862

Regulated in some tinpot tax haven island too.

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munchie

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5 years ago #132863

Don’t tell me it’s Cyprus?!

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mikeyc

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5 years ago #132905

British Virgin Islands….

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Patrick

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5 years ago #132908

if you have no money its better not to trade 😀

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mikeyc

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5 years ago #132909

if you have no money its better not to trade 😀

 

Or trade with a micro cent account and turn $10 into $20 over a 10 year period. 😀

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munchie

Customer, bbp_participant, community, 63 replies.

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5 years ago #132910

Or save up and buy a lottery ticket and hope for the best!

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geektrader

Customer, bbp_participant, community, 542 replies.

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5 years ago #132947

There are no Forex brokers that support sub 0.01 lots, because Metatrader does technically not allow it. The lowest possible lot-size is always 0.01. If you want to trade less than 1000$ (0.01), you have to open a cent account. There you also trade 0.01 lots, but in this case they equal 100$ or 10$, depending on the broker. But remember, cent accounts are ALWAYS run by market maker (that will cheat you), as no ECN will accept lower than a 1000$ trade size (since banks won´t accept lower amounts).

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