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Thread: What in the heaven's name ?????

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    In Profit junglelion's Avatar
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    Default What in the heaven's name ?????

    As per fxegypt policies for micro account.

    • Micro account starts at $ 1 and has maximum upper limit of $200
    • After $200 micro account converts to standard account


    So if a person registered for a micro account and deposited $20K how can he remain in micro, why was he not converted to standard account.

    Even after 2 weeks he still remains in micro account, against all explainable fxegypt policies.

    How ?

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    Quote Originally Posted by junglelion View Post
    As per fxegypt policies for micro account.

    • Micro account starts at $ 1 and has maximum upper limit of $200
    • After $200 micro account converts to standard account


    So if a person registered for a micro account and deposited $20K how can he remain in micro, why was he not converted to standard account.
    So you have deposited $20K or shown as 2M cents in your account.
    What's the problem? Isn't that good for you, as you can open lots from 0.1 to 1000 micro lots or equivalent to 0.001 to 10 standard lots.
    Or are you planning to open more than 10 standard lots?

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    In Profit junglelion's Avatar
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    Quote Originally Posted by fireflies View Post
    So you have deposited $20K or shown as 2M cents in your account.
    What's the problem? Isn't that good for you, as you can open lots from 0.1 to 1000 micro lots or equivalent to 0.001 to 10 standard lots.
    Or are you planning to open more than 10 standard lots?

    the problem is that as an IB i would get $700 commission on 70 lots traded as standard account, but as micro account i get just $7 commission.

    That is my problem.

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    Quote Originally Posted by junglelion View Post
    the problem is that as an IB i would get $700 commission on 70 lots traded as standard account, but as micro account i get just $7 commission. That is my problem.
    Yes it is only $7 if it's 70 micro lots. Think about that. If he really has $20K in his account, he can open 7000 micro lots easy. And that translates to the same amount $700. All he has to do is multiply his traded lot by 100.
    But if he intentionally only wanted to open 70 micro lots, then what can we say? It's your client choice.

    In fact personally I prefer that micro lots with big account size, that way I can open trades at various lot sizes.
    Last edited by fireflies; 08-20-2007 at 09:03 AM.

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    I was wrong here, the balance is shown in cents, i forgot.

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