## What is a real difference between a standar, mini and micro?

This is a discussion on What is a real difference between a standar, mini and micro? within the First Steps forums, part of the Reception category; Hi! If I have Standard Lot account And buy 1 lot isn't it the same as I would buy 0.1 ...

 Dec 1, 2017, 1:26pm #1 Joined Oct 2017 What is a real difference between a standar, mini and micro? Hi! If I have Standard Lot account And buy 1 lot isn't it the same as I would buy 0.1 lot at Mini Account? So what is the purpose of having a standard , mini or micro lot account? Can't I just put a different lot size like 0.1 or 0.01 in a standard account to get the same result? Thanks for the help!
Dec 2, 2017, 12:26am   #2
Joined May 2012
Quote:
 Originally Posted by InwestorWkapeluszu Hi! If I have Standard Lot account And buy 1 lot isn't it the same as I would buy 0.1 lot at Mini Account?
The problem is that your question is not of fact but of logic. Obviously 1 lot is not the same as 0.1 lot just as 1 is not the same as 0.1. You are conflating account type with position sizing - their relationship is mutually independent.
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Dec 2, 2017, 1:20pm   #3
Joined Oct 2017
Quote:
 Originally Posted by Brumby The problem is that your question is not of fact but of logic. Obviously 1 lot is not the same as 0.1 lot just as 1 is not the same as 0.1. You are conflating account type with position sizing - their relationship is mutually independent.
Sorry. I meant - if standard position with leverage is 10 000\$ and for mini 1000\$ isn't the same amount to trade for 0.1 position in mini as 1 in standard?

Can't I just put different position sizing to get this same result in different account?

Dec 3, 2017, 3:21am   #4
Joined May 2012
Quote:
 Originally Posted by InwestorWkapeluszu Sorry. I meant - if standard position with leverage is 10 000\$ and for mini 1000\$ isn't the same amount to trade for 0.1 position in mini as 1 in standard? Can't I just put different position sizing to get this same result in different account?
The simple answer is no. If you use the same multiple to leverage then you will end up with a different amount and by default a different outcome.

If you use a different multiple to leverage in order to equalise the comparative positions, then the risk profile on the higher multiple will be exponentially increased.
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 The following members like this post: InwestorWkapeluszu
 Dec 6, 2017, 7:32am #5 Joined Nov 2013 they are only the name for a certain number of trading volume (lot). You should know every broker call differently each account types. Micro and mini, premium and standard. You should care how much you earning from your broker.
 Dec 7, 2017, 9:23am #6 Joined Oct 2017 I can't get it right! Please help me! Can you give a clear example of a trade on Standard and Mini lot account? So I can see a difference? Is Lot connected with Leverage? I'm so confused... Neither book nor articles make this point clear for me. Please, can somebody give me a brief example? Is there a limit to a lot size that You can make on the account? Can I put an order for example 0.001 lot on a Standard account? My point is - Can I have a standard account and place an order for 0,1 lot and get an order for 1 mini lot? If so, why the broker offers the Different type of account instead of just standard lot account? Last edited by InwestorWkapeluszu; Dec 7, 2017 at 9:44am.
 Dec 7, 2017, 9:59am #7 Joined Jul 2004 try a demo account and see what happens
 Dec 7, 2017, 10:12am #8 Joined Oct 2017 On a demo account: Set an order for 100 000 - get 10\$ on a 1 pip (standard lot) Set an order for 10 000 - get a 1\$ on a 1 pip (mini lot) It still doesn't make sense for me why brokers have a different account type if I can set a different value for lot size on one account type and get a result that I want...
 Dec 7, 2017, 10:17am #9 Joined Oct 2017 And one more think - Is a leverage connected to lot size that I place?
 Dec 7, 2017, 10:25am #10 Joined Jul 2004 1) find a broker that you like 2) read all about different types of account on that particular brokers site (DMA, dealing desk , minmum account size, spread, commission,leverage and more) 3) then try a demo
Dec 7, 2017, 10:29am   #11
Joined Oct 2017
Quote:
 Originally Posted by kalott 2) read all about different types of account on that particular broker's site (DMA, dealing desk, minimum account size, spread, commission, leverage and more)
Good point. I will certainly do that. thanks!

 Dec 7, 2017, 5:34pm #12 Joined Oct 2017 One simple question - If I fill an order for 10 000 and get 1\$ per pip, does it mean that I had some kind of leverage? It depends on the size of the deposit that broker charge before making an order? Do I got it correct? Last edited by InwestorWkapeluszu; Dec 7, 2017 at 8:54pm.
 Dec 12, 2017, 12:29pm #13 Joined Jan 2017 If you have around 1k on your account, then yes
 Dec 13, 2017, 9:41am #14 Joined Oct 2017 Thank You! Now I got it
 Dec 27, 2017, 7:53pm #15 Joined Sep 2015 Every broker has his own parameters of such accounts and first of all you should see what differences they have.