Forex trading micro account definition explained by MiniForex.com experts, Learn what is micro Forex trading account and advantages of online trading with Forex trading micro account brokers, Finding out list of top micro forex brokers in the world.
What Is Forex trading micro account
Forex trading micro accounts are one of common types of accounts in foreign exchange market that investors use when trading currencies, the other two are mini FX accounts and standard FX accounts. The Forex Trading Micro Account usually used by beginner traders.
How much is a micro Forex trading lot?
In Forex Trading Micro Account a lot worth of $1000 of the base currency, If one Forex micro lot of the EUR/USD is being traded, each pip would be worth $0.1, as opposed to $10 for a standard lot. The following are the quantities typically used in the foreign exchange market: A standard lot is equal to 100,000 units of base currency. A mini Forex lot is equal to 10,000 units of base currency.
Advantages of Forex Trading Micro Account
The Forex Trading Micro Account is one of the best options for beginners, As you can trade as low as few dollars with a micro Forex account and experience real currency trading online so a Forex Trading Micro Account is the best option for dummies.
Best Micro Forex Brokers In UK, South Africa, Europe, Asia
Fxpro
Fxpro Forex Broker Founded in 2006, London-based FXPro is an online broker offering Micro Forex trading account along with CFD’s. The MT4, MetaTrader5 and cTrader online trading platforms are available.
XM.com
The XM.com forex broker was established in 2009 in the Republic of Cyprus using the name Trading Point of Financial Instruments Ltd. The broker is regulated by CySEC as well as the UK’s Financial Services Authority (FCA), XM Forex Trading Micro Account starts as low as $5.
Alpari
Alpari Ltd was created in Russia in 1998 but moved its headquarters to the UK, Alpari UK has merged with Alpari Global and is regulated by FCA in United Kingdo, Alpari is one of popular brokers providing Forex trading micro account in UK and Europe.
FXTM
FXTM is an acronym for ForexTime.com, which is a new platform to the world of forex investing, The FXTM forex broker is owned and operated by its holding company FT Global Services Ltd and is based in Cyprus, Belize and Europe’s trading capital of London, UK. The company provides Forex Trading Micro Account with low initial deposits.
Exness
Exness Group was founded in 2008 and regulated in Cyprus by CySEC, the broker provides Forex Cent accounts, as well as micro, mini and standard accounts. The broker provides Forex Trading Micro Account with high leverage.
IG Group
IG Group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders.
While the majority of the IG Group’s activities are based in the UK, the company has expanded internationally. IG Markets is the oldest broker in the top Forex trading brokers list.
Plus500
Plus500 was established in 2008 as an online international trading platform that is popularly used in Asia, Europe and Australia and elsewhere in the world.
CMC Markets
CMC Markets is licensed and regulated by the Financial Conduct Authority of the United Kingdom (FCA), one of the strictest regulatory agencies in the world.
eToro
eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom. The broker provides social Forex Trading Micro Account with low amount.
HYCM
HYCM previously known as HY Markets broker is headquartered in London and is authorized and regulated by the Financial Conduct Authority of the United Kingdom.
City Index
City Index was founded in the UK in 1983 and now enjoys a global footprint that includes the US, Singapore, China, Poland and Australia.
Markets.com
Markets.com maintains its headquarters in Cyprus, UK and is an investment services firm that is operated by Safecap Investments Limited (Safecap), which was founded in 2006 and is a subsidiary of Playtec PLC.
AvaTrade
AvaTrade was founded in 2006 in Dublin, Ireland and is licensed and fully regulated in the EU and BVI, as well as Australia, Japan and South Africa.
ETX Capital
ETX Capital is a broker that was established in 2002 and is headquartered in London, England.
EasyMarkets
The easyMarkets broker is the result of the re-branding of “easy forex“, the name under which this broker was established in 2003. The easyMarkets firm is headquartered in Limassol Cyprus and maintains satellite offices in London UK, Sydney Australia and Warsaw Poland, You can open Forex Trading Micro Account with low amounts.
London Capital Group
London Capital Group Ltd or LCG was founded in 1996 in the United Kingdom and regulated by the Financial Conduct Authority (FCA) of the UK.
Best Forex Trading Micro Account Broker In Australia
Pepperstone broker is founded in Australia, Melbourne and has offices in USA, Dallas and China, Shanghai. Pepperstone is one of top Australian online retail foreign exchange broker specializing in Forex Trading Micro Account.
Top Micro Forex Bank In Denmark
Saxo Bank is a Danish investment bank. It was founded as a brokerage firm in 1992. Saxo bank offers Forex trading micro account through its online platform SaxoTrader in FX, stocks, CFDs, futures, funds, bonds and futures spreads. Private wealth management services are also offered.
Best Forex Trading Micro Account Brokers in Swiss
Dukascopy Bank
Dukascopy Bank SA is known for its transparency in its Swiss SWFX market place. In June 2011, the product is officially referenced on Dukascopy Bank’s official web site.
Swissquote Bank
Swissquote Group Holding SA is a Swiss banking group specializing in the provision of online financial and trading services.
U.S. Top Forex Trading Micro Account Brokers
Forex.com
The Forex.com broker Owned by parent company GAIN Capital . Operating since 1999, FOREX.com was a first mover in bringing currency markets to the retail trader. The company provides market access and trade execution services in foreign exchange, contracts for differences and exchange-based products to retail investors.
FXCM
Forex Capital Markets, better known as FXCM, is an online Foreign exchange market broker based in the United States. The broker is popular for providing Forex Trading Micro Account, The FXCM micro account starts from $50.
Oanda
Oanda broker is a Canadian-based Forex company providing currency conversion, online micro forex trading account, online foreign currency transfers, and Forex information. The Oanda micro account starts from $1.
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