Below is the largest list of Forex brokers who offer mini and micro accounts under $1000 and mini lot size trading of 10 000 units or less.
Lot size reference:
1 lot = 100k = 100 000 units (standard lot)
0.1 lot = 10k = 10 000 units (mini lot)
0.01 lot = 1k = 1000 units (micro lot)
"any amount" = no limitation on position sizes
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trader
January 23, 2010hi,
i m new to forex world. all the informaiton you have provided is excellent plus so much material available on internet has helped me a lot to learn about forex. now i wanted to open a live Micro Account with 0.01 lot size. there are many brokers on your list which offer this. but i m not sure how secure is my money with them. i have heared a lot of stuff about forex brokers which altimately make you loss all your money.
i need your guidence from your past experience ..... just give me some name of real fair brokers from UK or USA.
thanks
BrokerGuru
January 23, 2010From USA would be those, who are regulated with NFA
From UK, those who are FSA regulated.
This will narrow down your search. The rest would depend on the leverage you need, the spread you want and the minimum deposit you're willing to put in.
trader
January 25, 2010Hello! Any body home? :)
BrokerGuru
January 25, 2010Yes!
trader
January 25, 2010Thanx a lots ....... that was such a basic point that i was missing .......... :P
ok, your views about ........
- Fx solutions UK
Forex.com UK
trader
January 25, 2010thankx for your reply,
this was a basic point that i was missing.
anyways, i have selected a few brokers .......
1-Fx Solutions UK
2-Hy Markets
3-Windsor Broker
your review about these ........ please.
BrokerGuru
January 26, 2010I'm glad you've narrowed down the search to few brokers.
Your best adviser now is reviews from live traders left on various online resources.
The web policy of this website doesn't allow me to review brokers myself. Sorry.
trader
February 4, 2010Hello everyone - ABOUT FORINVEST - STAY AWAY!
It seems as though everyone is aching to know more about ForInvest from the perspective of a live client. Well I am one and have been for just over a month. I am actually a professional trader and you can see some of my reviews under 'West Coast Pips' in the broker reviews. I have had live accounts with about 20 brokers. All I can say for now is DO NOT OPEN A LIVE ACCOUNT WITH FORINVEST. I had a pretty large account with them and they are not paying me (for the moment) a huge $21,800. ForInvest are deceitful, liars and cheats.
I will not divulge too much information right now as I in the process of major disputes with this unreputable broker. I am currently informing the Swiss authorities about this SCAM broker. I have contacted FINMA: http://www.finma.ch/e/pages/default.aspx who have told me ForInvest are not even regulated in Switzerland. ForInvest used to have their Swiss contact information on their website. It has been removed for several weeks now. They have a phone contact & address in the US but NO ONE EVER ANSWERS your call. In fact when you dial in there is a message giving you 5 options. I have tried to press all 5 options and none of them register. You can only leave a voice mail and no one ever gets back to you, especially if you have a live account. Because they are not regulated in Switzerland they have their banking in Cyprus. They used to have a Swiss phone number but it was barely in operation. I have kept it on file and now the number goes through to a cell phone.
As far as I have ascertained there are only 3 people that work for this company and I say that with honesty. ForInvest are a small outfit, non-regulated and desperate for your money. When you have a live account with them and have outstanding issues with their diabolical, unstable and fraudulent MT4 platform they will not get back to you.
Before opening an account with them I had many questions for them by email. I would get very prompt replies and even the odd phone call here and there to assure me and give me the information I wanted to hear. My first trade went very well and I made good profit. Subsequently they started to trade against me.
Their website contains a lot of fraudulent and misleading information. How they can be 'Broker of the year' is certainly not proven and can only be made up by them. THIS PART BE VERY WARY OF: "NDD/STP Broker, No requote, No reject, No slip." Your first trade can be very true of that. I used SNW and when I made my second trade they would not allow me to close my order by market. I was forced to put in a stop loss. As far as no requotes YOU WILL GET TONS! As far as 'no slips' YOU WILL GET TONS.
The WORST IS STILL TO COME and I will happily tell you all what other fraudulent action ForInvest has performed with my account. Please feel happy to contact me if you need more information.
ONCE AGAIN, DO NOT OPEN A LIVE ACCOUNT WITH FORINVEST UNLESS YOU WANT TO LOSE YOUR ENTIRE BALANCE.
BrokerGuru
February 5, 2010Thank you.
Your review has been published at ForInvest reviews page:
http://www.100forexbrokers.com/reviews-ratings/forinvest
trader
March 9, 2010Alpari Micro account has a maximum 2 standard lots open limit. Limit is off for the Classic account only.
Anyone knows which non US broker offer micro account with no limit. Thanks
BrokerGuru
March 11, 2010We're still working on the lists for the max lot parameter, sorry for not being able to advice anything at this stage.
trader
March 16, 2010thank u for this info. i need a broker that will meet my forex needs. and ur compilation is an easy way out.
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