What are Forex Mini Accounts?
Forex Mini Accounts are forex accounts type where forex traders open forex trades using Mini lots. 1 Forex Mini lot is the equivalent of 10,000 units of the base currency.
The Mini forex accounts allows many retail forex traders to access the forex market because with these Mini forex accounts traders can trade smaller forex lots known as Mini lots therefore the capital needed to open these Mini forex accounts is not a lot as that required for opening standard forex accounts.
Mini lots are equivalent to one tenth of standard forex lot.
For Mini lots the pip value per trade is equal to $1
