The FXCM Mini trading account uses the same state-of-the-art trading platform as the regular trading account. There is no additional software to download.
Account Size
The minimum amount that is required to open a FXCM Mini trading account is $300. Of course, due to the high leverage* and the extremely volatile nature of the Forex market, the recommended minimum investment size is $2,000.
Trade Size
On the FXCM Mini trading platform all trades are executed in standard sizes of 10,000
base currency per one lot. There is no maximum trading volume on the FXCM Mini trading platform
Pip/Tick Value
Profit and loss is easy to calculate when trading on the FXCM Mini 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.
Margin Requirement:
Up to 200:1 Leverage:* Clients must have approximately 1/2% of the value of the positions they hold in their account for each lot of currency being traded (approximately 200:1 leverage). This equates to $50 per lot (10,000 units). This amount does not change after 22:00 GMT, which is the rollover cut off, but stays constant at approximately 1/2% per lot the entire day and overnight.
Guaranteed Limited Risk: There is also an important safety feature imbedded in this system that prevents clients from losing more money than they have in the account. Should the account equity -- meaning the total floating value of the account -- fall below the margin requirement of approximately 1/2% per lot, the dealing desk may close all positions.
Spreads
Lowest and average spreads detailed below. For the majority of our currency pairs, lowest spreads are most commonly found during US & European trading sessions.
Spreads
Currency Pair
As Low As
Typical Spread
EUR/CHF
0.1 pip
2 pips
EUR/GBP
0.6 pip
2.4 pips
EUR/USD
0.9 pip
2.3 pips
USD/JPY
0.5 pip
2.9 pips
GBP/USD
0.8 pip
3.7 pips
USD/CHF
1 pip
3.8 pips
AUD/USD
1 pip
3.7 pips
USD/CAD
1 pip
4.8 pips
EUR/JPY
0.9 pips
3.9 pips
CHF/JPY
1 pip
3.5 pips
AUD/JPY
2.3 pips
5 pips
NZD/USD
0.8 pip
4 pips
GBP/CHF
1.1 pips
6.8 pips
EUR/CAD
2.4 pips
6 pips
AUD/CAD
2.6 pips
6.5 pips
CAD/JPY
1.3 pips
5 pips
GBP/JPY
3 pips
5.3 pips
NZD/JPY
2.9 pips
6 pips
EUR/AUD
2.8 pips
7.9 pips
EUR/NZD
2.5 pips
7 pips
AUD/NZD
4 pips
7 pips
GBP/AUD
4.7 pips
10 pips
USD/DKK
0.2 pip
6.3 pips
AUD/CHF
1.6 pips
4.8 pips
USD/SGD
3.5 pips
7 pips
USD/HKD
4.5 pips
13 pips
GBP/CAD
0.6 pip
10.8 pips
GBP/NZD
7.8 pips
17 pips
USD/MXN
Variable
Variable
*Leverage is a double-edged sword. Without proper risk management, this high degree of leverage can lead to large losses as well as gains.
