Forex Newbie – Is a Forex Mini Account Better than a Standard Account for Beginners?

One Comment

1. Sherlyn says:

   October 5, 2009 at 5:36 am

   Yes, a forex mini account lets you start with a lower minimum balance (often $250-500) compared to a standard account which requires a higher balance.

   The main difference between a mini and standard account is the lot size you get to trade. In a mini account, your trade value is $1 per pip, while in a standard account it is $10 per pip.

   With a mini account, you can step into forex trading with minimum risks and a chance for above-average returns.