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Thread: Types of Account

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    Default Types of Account

    I understand that Fxegypt has now micro account but I have a suggestion here:-

    Is it possible to have a mini-micro account where:-
    a. 1 lot is 10000 units, 0.1 lot is 1000 units and 0.01 lot is 100 units.
    b. the max capacity of the current micro which is $200 be removed to be unlimited or maybe set around $10000 or $5000.
    c. if possible can we trade in USD not cents as seriously it is very very confusing at times, i am very sure it is possible to implement it as all other brokers are already doing it, so FXE too can!!

    I am asking this as I was an InterbankFX mini account client before, and i shifted over here in anticipation tht FXE will be also having a micro account, but since it has many limitations, it saddens me to say it makes me think twice now.I wish to stay here as it is comfortable and user-friendly, thats why I really hope these can become reality as I am sure many others too want these features too.

    In InterbankFX a mini account cannot become a Standard account in anyway, but just the restriction of max fund of a few thousands, limit here of $200 is extremely too low for medium-ranged traders like me.

    As I can see now, FXE only caters to the lower-end of traders who are willing to risk very little(micro account) and also the high-end traders who are willing to risk more(Real account), so how about me as a medium-ranged trader who are willing to risk between those 2 ranges?Can it be done?

    I thank you in advance.
    Last edited by bear1305; 08-08-2007 at 07:28 PM.

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    Quote Originally Posted by bear1305 View Post
    I understand that Fxegypt has now micro account but I have a suggestion here:-

    Is it possible to have a mini-micro account where:-
    a. 1 lot is 10000 units, 0.1 lot is 1000 units and 0.01 lot is 100 units.
    b. the max capacity of the current micro which is $200 be removed to be unlimited or maybe set around $10000 or $5000.

    I am asking this as I was an InterbankFX mini account client before, and i shifted over here in anticipation tht FXE will be also having a micro account, but since it has many limitations, it saddens me to say it makes me think twice now.I wish to stay here as it is comfortable and user-friendly, thats why I really hope these can become reality as I am sure many others too want these features too.

    In InterbankFX a mini account cannot become a Standard account in anyway, but just the restriction of max fund of a few thousands, limit here of $200 is extremely too low for medium-ranged traders like me.

    As I can see now, FXE only caters to the lower-end of traders who are willing to risk very little(micro account) and also the high-end traders who are willing to risk more(Real account), so how about me as a medium-ranged trader who are willing to risk between those 2 ranges?Can it be done?

    I thank you in advance.
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    Default

    The difference between standart and micro is that all operations on micro accounts are held in cents...so 1 lot = 100000 cents on micro.
    200$ on micro is equal to 20000$ on standart account, I think, more than enough to trade...very possible that we will try to find mixed type with higher limits or 10 cents minimum volume...we will see.

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    Default

    I juz added one more suggestion at my top post..is it possible not to use cents as it can be very very confusing at times.

    Erm, frankly sir, your reply is very confusing too since with the cents and dollars, this is what I am trying to say, can we standardize all accounts, by tht at least a standard for all accounts is there and easier to discuss without confusions.

    To my knowledge, now in FXE, 0.1 lots=100 units which means 1 lot=1000 units (take note usage of volume reference word 'unit' being used,not pip value word like cents/dollars) , I will not use cents as not all pips are worth 1 cent at the minimum.So is it possible to make it a mini-micro account?As mentioned above **** does it fine(they have mini-micro account), but i dont really like their mini server as it give hiccups at times. So thats why i really do hope FXE too can have one like tht, as seriously, no, medium-ranged traders are lost here, as we cant fit in both real or micro account..

    I would seriously be happy if this type of account can be made possible, as many will look forward, as now many are stuck not knowing where to fall in as nothing caters to medium-ranged people like me..
    Last edited by bear1305; 08-08-2007 at 07:45 PM.

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    i agreee
    please raise the maximum deposit for micro to something around 5000$-10000$
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    Quote Originally Posted by FX Ind Manager View Post
    i agreee
    please raise the maximum deposit for micro to something around 5000$-10000$
    why what wrong with the maximum deposit or how mucj

    is the maximum deposit for micro

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    If my micro account is over 200$.in the first add funds I add 100$ and trade and get profits so my micro account is over 200$.U might move me to stand account?

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    Default

    Quote Originally Posted by pkkmmm View Post
    If my micro account is over 200$.in the first add funds I add 100$ and trade and get profits so my micro account is over 200$.U might move me to stand account?
    The limit for micro accounts is now $500. After that, the account reverts to standard.
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    anujgoyal.1
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    Default

    oh i c means if i get bonus$25 and trade and my account size becomes 500 then it will be reverts to standard then only i can have more money. is this right?

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    Quote Originally Posted by anujgoyal.1 View Post
    oh i c means if i get bonus$25 and trade and my account size becomes 500 then it will be reverts to standard then only i can have more money. is this right?
    Technically - yes.

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    Quote Originally Posted by RebateFX.com View Post
    The limit for micro accounts is now $500. After that, the account reverts to standard.
    i suggest FXOpen to increase the limit for micro acc more higher. Example:$1k - $5k.

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    Default

    tq..hope will be a good news..

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    Default

    is it possible to post the 25$ to my micro account or its only for standard account

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    Default

    Quote Originally Posted by hesham_bakr View Post
    is it possible to post the 25$ to my micro account or its only for standard account
    You mean the $25 posting bonus? No, that is for standard accounts only. If you have $25 of your own to deposit, a micro account is highly recommended.
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