UK broker - 0.001 lot size

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Old Mar 30, 2009, 1:55pm   #1
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Default UK broker - 0.001 lot size
I am looking for a good UK based broker that will enable me to trade in GBP with lots of 0.001 size and preferably using MT4.
Does anyone have any recommendations? I've been looking myself but it is a minefield and I am finding the terms mini and micro lots mean different things to different people!
Tia
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Old Apr 5, 2009, 4:13am   #2
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Default Re: UK broker - 0.001 lot size
do u mean 100 units ? i dont think so but i am not sure , but alpari offers 0.01 lot = 1000 unit ...
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Old Apr 5, 2009, 5:52am   #3
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Default Re: UK broker - 0.001 lot size
0.001 lots is ridiculously small. If you really need to trade that small then you probably ought to just demo trade. Oanda.com lets you do this size, however.
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Old Apr 5, 2009, 6:33pm   #4
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Default Re: UK broker - 0.001 lot size
LesE started this thread
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Originally Posted by shadowninja View Post
0.001 lots is ridiculously small. If you really need to trade that small then you probably ought to just demo trade. Oanda.com lets you do this size, however.
I am using Scaled Equation from Hedge Master and it works very well. But to use it you really need 0.001 lots because you place at least 4 trades per signal and possibly 6.
Do Oanda let you have an account in GBP?
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Old Apr 5, 2009, 6:53pm   #5
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Default Re: UK broker - 0.001 lot size
Alpari UK will let you go 0.01 but not 0.001 I don't think..
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Old Apr 5, 2009, 10:55pm   #6
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Default Re: UK broker - 0.001 lot size
Quote:
Originally Posted by LesE View Post
I am using Scaled Equation from Hedge Master and it works very well. But to use it you really need 0.001 lots because you place at least 4 trades per signal and possibly 6.
Do Oanda let you have an account in GBP?
yes

https://fxtrade.oanda.com/your_accou...accounts.shtml
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Old Apr 6, 2009, 9:11am   #7
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Default Re: UK broker - 0.001 lot size
I agree, 0.001 lots is so small as to be pointless! 0.01 lots is 10c a pip and nobody can trade much smaller than that without using up more electricity than any possible profits.
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Old Apr 6, 2009, 9:57am   #8
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ODL securities?
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