Forex Micro Account, MT4
Start trading the markets with a minimal deposit
The perfect bridge between Demo and Live Accounts
Experience trading with our Micro Account – a traditional trading account, except when it comes to the balance, which is always displayed in cents. Deposit ten dollars and it will appear as 1000 cents in your account.
In short, our Micro Account is tailormade for market beginners and traders who wish to brush up on their forex trading skills.
Why should I open a Micro Account?
A minimum deposit of five dollars, pounds or euros is all that’s needed to open a Micro Account and start trading in the live markets. If that wasn’t reason enough, this type of account has many other benefits, including:
- Newbies can try out their newly acquired forex trading skills without the high risks that other types of accounts may pose.
- The simple trading environment allows traders to exploit real opportunities and acquire the knowledge before stepping up and risking bigger amounts of money.
- Traders can test their Expert Advisors without making a big dent in their capital.
Account Specifications
| Parameter | Value |
|---|---|
| Account Currency | USD / EUR / GBP / NGN |
| Leverage / Margin req. | Fixed 1:400 |
| Maximum deposit | X |
| Minimum deposit | $/€/£ 5, ₦1 000 |
| Commission | x |
| Order execution | Instant Execution |
| Spread | From 1.7 |
| Margin Call | 50% |
| Stop Out | 30% |
| Swap-Free | V |
| Limit & Stop Levels | 1 spread |
| Pricing | 5 decimals for FX (3 on JPY pairs), 2 decimals for Spot Metals |
| Trading Instruments | Majors, Minors - 25 Spot Metals - 2 |
| Instrument Naming | EURUSD_m |
| Minimum Volume per Trade | 0.01 |
| Step Lot | 0.01 |
| Maximum Volume per Trade | 1 |
| Maximum Number of Orders | 1000 |
| Maximum Volume of Orders | 5 |
| Maximum Number of Pending Orders | 100 |
Notes:
1 NGN accounts are only available to clients in Nigeria.
3 Spreads are floating and they may increase during specific periods of the day depending on the market conditions.
12 Please bear in mind that the Company may at its sole discretion switch the leverage to a maximum of up to 1:100 for all forex currency pairs and spot metals within the hour before the trading session ends on every Friday if any positions are opened, closed or modified on a Standard MT4 or Micro MT4 account. However, before the beginning of the next trading session, the leverage will be reset based on the total volume of open positions on the account. Moreover, kindly note that the Company may extend these amendments for as long as it deems necessary after the market opening, by providing the Client with prior written notice.
13 On Cent server 1 Lot size is 0.01 Standard Lots or 1,000 units. The maximum volume per trade on our Cent server is 100 Cent lots which is equal to 1 Standard lot or 100,000 units.
17Micro Accounts offer a fixed leverage which is based on your experience and knowledge and can be changed within your MyAlpari.