Small live account

[indy360]

Hi All,

I want to open a small live account to test systems etc but I only want to trade pennies on it. Who would you reccoment for a nano / penny account?

Thanks in advance.

[Gamma_gallus]

Hello, maybe Alpari Uk or MB Trading UK ? I can't really remember the minimum they allow.

Gamma

[RockyJ]

I have had a micro account with FXOpen for almost a year that I use for testing EA's and such with no problems so far. Pretty sure it can be opened with a very small amount..

If you have other accounts with them you can transfer money between accounts online very easily as well..

[AnotherBrian]

What are some brokers (Canada or US) that have

• easy to open demo account
  mini lots
  micro lots
  let you use the comment field
  let you use magic numbers
  Half decent spread (I trade 1 hour and above so not such a big deal but lower spread = savings)
  ECN

[gaheitman]

What are some criminals (Canada or US) that have

• easy to open demo account
  mini lots
  micro lots
  let you use the comment field
  let you use magic numbers
  Half decent spread (I trade 1 hour and above so not such a big deal but lower spread = savings)
  ECN

I believe Cowboy IBFX offers what you are looking for:

What account types do you offer?
Mini
Leverage: 50:1
Contract Size: 10,000
Trade Size: 0.01~50.00 lots
Margin Requirement: $200 per 1 lot trade
Pip value: This depends on currency pair. Please visit:
Pip Calculator

Standard
Leverage: 50:1
Contract Size: 100,000
Trade Size: 0.01~50.00 lots
Margin Requirement: $2,000 per 1 lot trade
Pip value: This depends on currency pair. Please visit:
Pip Calculator

*Please note that you can trade as little as 0.01 lots in both types of accounts. 0.01 lots in a standard account is a micro lot. 0.01 lots in a mini account is a nano lot.

[AnotherBrian]

I believe Cowboy IBFX offers what you are looking for:

What account types do you offer?...........

Thanks, I'm looking at Cowboy IBFX and FXCM now. I spent the day looking around at brokers, there are some crappy set-ups out there!

I was with MF Global, there Canadian office - so I'm looking for Canadian regulated as well, since I actually received my entire 8K back from my MF Global account.

UPDATE: Tradestation aquired Cowboy IBFX and they do not accept Candians any longer. F'em.

[gustav213]

Cowboy IBFX if you are in the U.S. is the best if you want to trade pennies, I use them for my testing account in live mode and have had no problems. I know they where acquired by Tradestation so I am hoping they do not change many things for american users.

[mandolin]

Hello,

open an acc at "Masterforex" it is a Centbroker. They do all the same calkulation like all other brokers but it is based in Cent not in $. So each investment is only 100th part of a $ invest

Or use"InstaForex". You can open an acc like at "Masterforex" or choose a Micro-Dollar account. They are calkulating a Market Lot with 10.000$ only, not with 100.000$ as usual. So if you invest o.o1 Lot of such a mini Maret Lot you also are investiong only Cent instede of $. Plus they provide a huge leverage of up to 1000.
(and they are paying its not a scam)

If you are american resident and want to follow your countrylows choose a mimi acc at Cowboy IBFX as suggested before and only invest 0.01 Lot per position.

mandolin

[carolco]

Hello, maybe Alpari Uk or MB Trading UK ? I can't really remember the minimum they allow.

Gamma

both have minimum 1000 base currency which is mini lot..
But thank you for pointing me to MBT UK. I was with them for a while and my impression is that they are far the best and honest Empty4 broker.. Now they are in UK allowing hedge and 1:100 leverage. I keep an eye on them..