Nano Account Forex Broker - Nano Account Forex Brokers - Forex Nano Account Brokers

Forex Nano Account Explained - Nano Forex Account Opening - Forex Account Types Nano Account Meaning

There are many different types of forex accounts available to anyone who wants to invest in FX market. Forex market is a highly leveraged trading market for speculating on currency valuations. Traders can purchase large amounts of currency units using little capital. However, trading on leverage is very risky and there are different types of forex accounts available to help forex traders better manage their risk.

It is therefore important that the currency trader consider what they want to get out of their forex account, before deciding on the forex account type to open.

Nano Forex Trading Account

Forex nano account use lot sizes of only 100 currency units. These forex accounts are often appropriate for a beginner trader. Risks for this trade size are low and these nano forex accounts can sometimes be opened with only a $10 minimum balance.

A Forex nano account is generally used by new forex traders who wish to experience a live forex trading environment without risking a big amount of money. Nano forex accounts allow the trader to trade in nano lots. 1 nano lot is one- tenth of a micro lot and one-hundredth of a mini lot.

If an exchange rate for EURUSD is quoted at 1.400, then the smallest trade available in a nano forex account is worth $140 of currency to buy 100 EUR. Nano accounts are generally best suited for account balances which are between $100 & $1,000.

Nano account 1 pip = $0.01