What's a Mini Account in Forex Trading? - Mini Account Definition in Forex Trading

Mini Account Definition - the definition of a forex Mini account is an account type where forex traders open trades using Mini lots. 1 Mini lot is the equivalent of 10,000 units of the base currency.

The Mini forex account allows many retail forex traders to access the forex market because with this account forex traders can trade smaller forex lots referred to as Mini lots therefore the capital needed to open this Mini forex account is not a lot as that required for opening a standard forex account.

The Mini lot is equal to one tenth of standard forex lot.

For Mini lot the pip value per trade is equal to $1