why dont open in 0.01 lot size ?

[adonainet]

many mrokers open in this volume.. other brokers and etc.. but dont open..both Demo and Real Accounts.

[getpaid2trade.com]

The ECN/STP platform sends your orders directly out into the open market which does not validate any order lower than 1 standard lot, and seeing as there is no dealing desk to push the order through like with the normal MT4 platform, it cannot be placed.

The brokers you mentioned are market makers so they allow any size order.

FXOpen's normal micro account does allow for such small orders to be processed.

[mayowa4u]

i think fxopen broker is a standard broker which accept standard trader to trade standard account thats why they will not accept 0.01lots

[FXOpen Manager]

i think fxopen broker is a standard broker which accept standard trader to trade standard account thats why they will not accept 0.01lots

FXOpen ECN Live allow you to open 1 standard lot as a minimum trade volume.
If you like to trade smaller volumes please use FXOpen Marke Maker Micro account with minimum trading volume of 0.1 micro lot which is equal to 0.001 standard lot (1 pip = 1 cent approx. ).

[lizerzoltan]

Even though ECN wont allow us to open 0.01, i dont happen to see this option on standard account neither, where orders arent always routed out anyway....
not meaning it as position entry size, but at least as a size increment from minimum, say, to be able to place order such 0.12 lot on standard account, what would be very beneficial to my money management
any possibility at least on standard accountto implement it?

[getpaid2trade.com]

You can open trades from 0.1 micro lots on a micro account which is equal to 0.001 standard lots. On the Standard Account this is not possible, mostly due to the MT4 programming standards.

[lizerzoltan]

I know that, but micro account has a upper limit of account size, if i am correct, something like 3000$.
now, take an account with 4000$, 0.1 standard lot in EURUSD with 200:1 leverage needs about 80$ to open, or 2% equity.....but i cant open something for 100$ or 120$, and 4% risk on a trade might be beyond my MM in most case.

hope i got the lev and margin requirenets mostly correct, though the point is clear there, i believe.

[getpaid2trade.com]

I understand your point. Micro accounts do not have an upper account limit, just that after you surpass $3,000 USD your available leverage is dropped down substantially.

I understand your posts, and I find myself having to amend my MM slightly when I enter positions as well, but as I mentioned this is an MT4 issue as their software only allows for increments of 1/10th of a lot.

The ECN platform does allow for 0.01 increments, but the minimum is 1 standard lot, so on larger accounts MM can be fine tuned.

[xena2000]

I know that, but micro account has a upper limit of account size, if i am correct, something like 3000$.
now, take an account with 4000$, 0.1 standard lot in EURUSD with 200:1 leverage needs about 80$ to open, or 2% equity.....but i cant open something for 100$ or 120$, and 4% risk on a trade might be beyond my MM in most case.

hope i got the lev and margin requirenets mostly correct, though the point is clear there, i believe.

how much you deposit and have u reach 3000$ in ur acc```

[lizerzoltan]

on this particular account the deposit is about 4000$.
my micro balance before wasnt higher than 1100$....so, not yet infected then, but does with this standard account. since price can and do move crazy sometimes, i would like to have as much flexibility as possible with my position sizes.

[FXOpen Manager]

Dear Friends, This thread is pecified for ECN Bugs discussion, I propose you to open new thread to discuss FXOpen accounts types for example if you like further conversation. Thanx