FCA and CySEC regulated broker FXPro has announced today the introduction of micro-lots to potential and current clients looking for small unit sizes for their expert advisers. Previously, it was only possible to trade a minimum lot size of 0.10 (10,000 base currency units) or roughly $1 per pip on the Metatrader 4 (MT4).
This requirement may have put trading FX with FxPro out of reach with many investors due to the higher deposit requirements associated with larger lot sizes. Now clients can trade micro lot sizes of 0.01 (1,000 base currency units) roughly $0.10 a pip. The introduction of the micro lot account is particularly important for those clients who use MT4 Expert Advisers or algorithms for their trading.
Charalambos Psimolophitis, CEO at FxPro said: “Having worked closely with our liquidity providers we are delighted to be able to offer the micro lot trade size to our clients for the MT4 trading platform. Allowing clients to trade micro lots is another step towards making the FX markets more accessible for a wider range of traders and investors. FxPro is constantly looking to make forex trading simpler, more transparent and at the same time helping clients to manage their risk more effectively.”