About the Micro Account of Forex, Precious Metals (MetaTrader 4/Electronic Communication Network (ECN), Straight Through Processing (STP)) offered by FXOpen.
Type and Conditions
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General Trading Conditions
By opening an Micro Account with FXOpen, you can trade Forex, Precious Metals through MetaTrader 4 trading platform.
Mainly FXOpen Micro account offers Electronic Communication Network (ECN), Straight Through Processing (STP) execution model, the maximum leverage is 1:500, spread is Variable from 2.0 pips.
Available Base Currencies
You can choose from USD (US Dollar) as your account base currency.
Negative Balance Protection
FXOpen adopts NBP(Negative Balance Protection), this means that you will not lose more than you deposit in your Forex & CFDs investment.
Margin call & Stop out
In the Micro Account, Margin call is 20% and Stop out is set to 10%, so all your positions will be automatically closed when the margin level reaches down to 10%.
Allow Trading Strategies
FXOpen allows EAs (Expert Adviser, Automated Trading), Hedging trading and does not allow Scalping, News Time Trading trading in a platform of Micro Account.
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FXOpen Trading Accounts Comparison
Here are the details of all Forex trading accounts of FXOpen.
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