UK broker - 0.001 lot size

This is a discussion on UK broker - 0.001 lot size within the Forex Brokers forums, part of the Commercial category; I am looking for a good UK based broker that will enable me to trade in GBP with lots of ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Mar 30, 2009, 7:55pm   #1
Joined Mar 2008
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
Les
LesE is offline   Reply With Quote
Old Apr 5, 2009, 10:13am   #2
tar
 
tar's Avatar
Joined Nov 2006
do u mean 100 units ? i dont think so but i am not sure , but alpari offers 0.01 lot = 1000 unit ...
tar is offline   Reply With Quote
Old Apr 5, 2009, 11:52am   #3
 
shadowninja's Avatar
Joined Jul 2007
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.
__________________
The markets can stay solvent longer than you can stay irrational.
My sports trading challenge: http://www.trade2win.com/boards/trad...challenge.html
shadowninja is offline   Reply With Quote
Old Apr 6, 2009, 12:33am   #4
Joined Mar 2008
LesE started this thread
Quote:
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?
LesE is offline   Reply With Quote
Old Apr 6, 2009, 12:53am   #5
 
wasp's Avatar
Joined Aug 2003
Alpari UK will let you go 0.01 but not 0.001 I don't think..
wasp is offline   Reply With Quote
Old Apr 6, 2009, 4:55am   #6
tar
 
tar's Avatar
Joined Nov 2006
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
tar is offline   Reply With Quote
Old Apr 6, 2009, 3:11pm   #7
 
£10kLoser's Avatar
Joined May 2008
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.
£10kLoser is offline Trading system vendor   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Value of Bid Size and Ask Size bigjohnY First Steps 18 Apr 6, 2009 5:04am
Ratio between account size and bet size cshieldsx Spread Betting & CFDs 4 Aug 13, 2007 3:05pm
Typical bet size boskis Spread Betting & CFDs 9 Dec 13, 2004 8:49pm
Pip Size damianoakley Forex 5 Aug 16, 2004 3:40pm
Size Robertral Futures & Options 8 Jul 21, 2004 9:41am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)