Community Forex Questions
What is a mini account in Forex?
An account that is referred to as a mini account refers to a mini lot of 10000 in case of currency pairs, an account that is referred to as a micro account is as low as 1000, and the account that has the biggest lot size is the standard account with a lot of 100000 which is the standard measure, similarly, when you have an account. Your lot size was 100000, so if you traded 1 lot, the point value would equal 10 USD with each price tick. Trading 0.01 lot would make the point value equal 0.10 USD. Nevertheless, using an account with a specific name and predicting the value of one point based on that name is not recommended due to the different lot sizes between currency pairs, precious metals and/or energy resources. Check the market watch section to find out more about each lot's specifications rather than relying on the account name or type.

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