Introduction Of Micro Lots Account From FxPro Helps To Reduce Risk Of Forex Trading
LONDON, May 15, 2014 /PRNewswire/ --
Clients of FxPro now have the ability to trade in even smaller lot sizes following the introduction of a micro lot account. Previously it was only possible to trade a minimum lot size of 0.10 (10,000 base currency units) on the Metatrader 4 (MT4). This put trading forex with FxPro out of the reach of many investors due to the higher deposit requirements associated with the larger lot sizes. Now clients can trade micro lot sizes of 0.01 (1,000 base currency units). The introduction of the micro lot account is particularly important for those clients who use MT4 Expert Advisers or algorithms for their trading.
FX trading allows clients to trade using high leverage, but giving clients the ability to trade in micro lots allows them to reduce their leverage and therefore their risk. FxPro's is driven to promote responsible trading and being an Agency Model broker wants to see clients trade more profitably.
"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." Charalambos Psimolophitis, CEO at FxPro.
Notes to Media
About FxPro
FxPro is an award-winning, 100% Agency Model FX broker that has its interests totally aligned with its clients. FxPro serves clients worldwide with advanced trading tools and aims to be the leading provider of FX solutions for algorithmic trading.
FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (previously, Financial Services Authority) (registration no. 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07).
Risk Warning
Trading CFDs involves a high risk of loss.
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SOURCE FxPro
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