Forex Mini Account Dealing Details

Forex Mini Account Hours:

The forex mini account dealing desk is continually open between Sunday 5:00 PM New York time and Friday 4:00 PM New York time.

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Forex Mini Account Mode of Dealing:

Forex Mini Account Quotations, Order Placements, and Confirmations available only via the Internet.

Forex Mini Account Order Sizes:

Forex Mini account trades are executed in standard sizes of 20,000 base currency. Each unit of 20,000 is called a "lot".

U.S. Dollar/ Japanese Yen (20,000 U.S. Dollars)
U.S. Dollar/ Swiss Franc (20,000 U.S. Dollars)
U.S. Dollar / Canadian Dollar (20,000 U.S. Dollars)
Euro/ U.S. Dollar (20,000 Euros)
Euro/ Great Britain Pound (20,000 Euros)
Euro/ Japanese Yen (20,000 Euros)
Euro / Swiss Franc (20,000 Euros)
Euro / Canadian Dollar (20,000 Euros)
Euro / Australian Dollar (20,000 Euros)
Great Britain Pound/ U.S. Dollar (20,000 Great Britain Pounds)
Great Britain Pound/ Swiss Franc (20,000 Great Britain Pounds)
Great Britain Pound/ Japanese Yen (20,000 Great Britain Pounds)
Swiss Franc / Japanese Yen (20,000 Swiss Francs)
Australian Dollar / U.S. Dollar (20,000 Australian Dollars)
Australian Dollar / Canadian Dollar (20,000 Australian Dollars)
Australian Dollar / Japanese Yen (20,000 Australian Dollars)
New Zealand Dollar / U.S. Dollar (20,000 New Zealand Dollars)

Forex Mini Account Types of Orders:

Market, Entry, Stop-Loss, and Limit.

Forex Mini Account Margin:

PFG enables foreign exchange trading to be conducted on a highly leveraged basis. Every client is able to select the degree of leverage or gearing that the client wishes to employ in trading. Unless the client specifies otherwise, PFG sets the leverage level at PFG’s most lenient requirement. The requirements for leverage vary with account size.

-Forex Mini Account Minimum $500 in equity per open lot (2.5%)

Equity is the value of funds in the account adjusted for floating positions. One forex mini account lot has an approximate market value of $20,000. A requirement of $500 in equity per open lot is, therefore, approximately equal to a maximum leverage or gearing of 40:1. This high degree of leverage can lead to large losses as well as gains.

Clients are fully responsible for monitoring the activity in their forex mini account.

In the event that an account exceeds its maximum allowable leverage, the dealer has the right and will liquidate all positions in the account. This liquidation of all positions may occur, regardless of the size or the nature of positions held within the account.

Forex Mini Account Rollover/Interest Policy:

In the spot forex market, trades must be settled in two business days. If a trader sells 10,000 euros on Tuesday, the trader must deliver 10,000 euros on Thursday, unless the position is rolled over. As a service to our traders,  PFG automatically rolls over all open positions in your forex mini account to the next settlement date at 5:00 PM New York time. There is a $1 US Dollar Rollover charge per 1 lot.