Mini
Forex Trading Differences
The
PFG Mini Forex Trading account uses the same
state-of-the-art trading
platform as the regular trading
account. There is no additional
software to download.
Click here
for your Free forex e Guide
Mini Forex Trading Account
Size
The
minimum amount that is required
to open a PFG Mini forex trading
account is $5000.
Mini Forex Trading Trade
Size
On the
PFG Mini forex trading platform
all trades are executed in
standard sizes of 20,000 base
currency per one lot. There is
no maximum trading volume on the PFG Mini
forex trading platform.
Mini Forex Trading Pip/Tick
Value
Profit and
loss is easy to calculate when
trading on the PFG Mini
forex trading platform. In the EUR/USD and
many other currency pairs, a one
pip (or tick) movement in the
exchange rate is equal to a
one-dollar gain or loss in the
account value per lot (and
approximately $1 in the 14 other
currency pairs).
Mini Forex Trading Margin
Requirement
Clients must maintain $500 in
the account for each lot of
currency being traded
(approximately 50:1 leverage).
Please note that a high degree
of leverage can lead to large
losses. This amount does not
change after 5:00 PM New York
time, which is the rollover cut
off, but stays constant at $500
per lot the entire day and
overnight. There is also an
important safety feature
imbedded in this system, which
prevents clients from losing
more money than they have in the
account. Once the account falls
below $500 per lot, all positions
are closed, and this acts as a
final stop for those that have
not set stop-loss orders to
close losing positions.
Mini Forex Trading Spreads
PFG
maintains tight spreads in EUR/USD and USD/JPY.
Mini Forex Trading Rollover/Over
Night Interest
There is a
fixed $1 rollover fee per lot
for positions held past 5:00 PM
New York time, which is the
rollover cutoff.
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