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Thread: Good news for Micro Accounts!

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    Director of FXOpen Aus FXOjafar's Avatar
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    Default Good news for Micro Accounts!

    FXOpen is happy to announce a huge change in the trading conditions for Micro Accounts.

    As of the open of the market on Monday, 25th August, the new conditions will be as follows.

    1) The spread on all pairs is being reduced to the same as they are on a Standard account! (from 2 pips on majors)

    2) The new maximum balance on Micro is US$3000

    3) When the account reaches a balance of US$3000 or more, the leverage will be reduced 100x (for example from 1:500 to 1:5). To adjust the leverage back to the level of your choice, you can withdraw from your account (or close some losing positions) to make the balance less than US$3000, then adjust the leverage from your MyFXOpen area.

    We are sure that the reduced spreads will be useful to our micro account traders and we hope that it will help you to make more profits.

    Regards
    Jafar Calley - Director
    FXOpen AU Pty Ltd
    Level 26 • 1 Bligh Street
    Sydney NSW 2000
    Australia
    AFSL:412871 ABN:61 143 678 719
    http://www.fxopenaus.com

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    Bullish herry_winandi's Avatar
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    damn, this changes late by few days..

    i already transfer my money from micro to standar account due to it's maximum balance.. i should back to my micro again..

    thx fxopen ^^

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    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Quote Originally Posted by herry_winandi View Post
    damn, this changes late by few days..

    i already transfer my money from micro to standar account due to it's maximum balance.. i should back to my micro again..

    thx fxopen ^^
    As you know internal transfer is free of charge so no need to worry

    Denis Peganov
    Development Director
    FXOPEN NZ LIMITED
    E-mail: [email protected]
    http://www.fxopen.com/

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    at micro account using 1:500 leverage we can trade UJ with $2 only, isn't right ?

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    well... this is very helpful like me that have micro acc, thanks FX0pen

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    Bullish jebat66's Avatar
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    good new...thx fxopen

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    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Quote Originally Posted by cleeon View Post
    at micro account using 1:500 leverage we can trade UJ with $2 only, isn't right ?
    with 1:500 leverage you will be able to open 0.1 micro lot with only 20 cents

    Denis Peganov
    Development Director
    FXOPEN NZ LIMITED
    E-mail: [email protected]
    http://www.fxopen.com/

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    thanks for this new trading condition on micro..

    now i have a lot of opportunity to control my money management very well..

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    Bullish
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    well... this is very helpful like me that have micro acc, thanks FX0pen

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    my client is starting with $1000 on standard account with leverage 1:500 (is it possible?)

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    Director of FXOpen Aus FXOjafar's Avatar
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    Yes, you can have 1:500 up to $25k.
    Jafar Calley - Director
    FXOpen AU Pty Ltd
    Level 26 • 1 Bligh Street
    Sydney NSW 2000
    Australia
    AFSL:412871 ABN:61 143 678 719
    http://www.fxopenaus.com

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    Quote Originally Posted by FXOpen Manager View Post
    with 1:500 leverage you will be able to open 0.1 micro lot with only 20 cents
    hmm... i got knocked over my euro/usd today may be i should think of this option now!

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    I want to transfor fund to my micro account from my standard account .what I shall do ?

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    can this same condititon also apply for a standard account, ie using 1:500 leverage and attaining a certain balance where the leverage would be reduced? and can be readjusted

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    Director of FXOpen Aus FXOjafar's Avatar
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    Quote Originally Posted by bibhutibhusan chand View Post
    I want to transfor fund to my micro account from my standard account .what I shall do ?
    You are free to transfer to your micro account. Conditions are the same as a withdrawal ie.. you must have available equity/free margin, not transferring bonus amounts before 10 lots volume etc...

    Quote Originally Posted by H.P STRAT View Post
    can this same condititon also apply for a standard account, ie using 1:500 leverage and attaining a certain balance where the leverage would be reduced? and can be readjusted
    You can have 1:500 leverage up to an account size of $25,000 on a standard account. After that, it is reduced to 1:200 up to $100,000 then 1:100.
    Jafar Calley - Director
    FXOpen AU Pty Ltd
    Level 26 • 1 Bligh Street
    Sydney NSW 2000
    Australia
    AFSL:412871 ABN:61 143 678 719
    http://www.fxopenaus.com

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