• What is the FXCM Mini Account
• Minimum account size
• Differences between regular and Mini accounts
• Trading Size
• Trading Cost
• Margin
• Open a Mini Demo Account
• Open a Mini account

The FXCM Mini Trading Account was designed for those new to online foreign exchange trading. There is a smaller deposit required to open an FXCM mini account than a regular account because trading sizes are 1/10th the size of a regular account. The FXCM Mini is intended to introduce traders to foreign exchange.

With a mini account, traders use the same state of the art trading platform as a regular trading account. The difference between the FXCM mini account and the regular trading account is the trading sizes, which are 1/10th the size of a regular account. The pip value is approximately $1 on the major currency pairs and their crosses.

The minimum amount that is required to open a Mini FXCM trading account is $300. Of course, due to the high leverage and the extremely volatile nature of the FX market, the recommended trading account size is a minimum of $2,000. The minimum transaction size is US $10,000 (one lot). This means with $50 margin deposit you can place a $10,000 position in the market. Please be aware, however, that this higher degree of leverage may magnify losses as well as gains, especially under poor risk management.

On the Mini FXCM trading platform all trades are executed in standard sizes of 10,000 base currency per one lot. There is no maximum trading volume on the Mini FXCM trading platform.

Clients must maintain $50 in the account for each lot of currency being traded. This amount does not change after 5:00 PM EST, which is the rollover cut off, but stays constant at $50 per lot the entire day and overnight. One lot is valued at approximately $10,000. There is also an important safety feature imbedded in this system, which prevents the clients from losing more money than they have in the account. Once the account falls below $50 per lot, all positions are closed, and this acts as a final stop for those that have not set stop-loss orders to close losing positions.

The FXCM Mini Trading Account was designed for those new to online foreign exchange trading. There is a smaller deposit required to open an FXCM mini account than a regular account because trading sizes are 1/10th the size of a regular account. The smaller trading sizes enable traders to take smaller size risks. The FXCM Mini is intended to introduce traders to foreign exchange.

Mini Trading Procedures:
1. Download the Mini Software
2. Register for an account

To open a MINI ACCOUNT, please read and download the Trading Account Letter. Only the last page (page no. 7) needs to be completed and provided to us.

The paperwork can be faxed to FXCM at: +1 (212) 897-7669

Please do NOT send funds until after your account forms have been received and processed by FXCM. A member of the FXCM staff will contact you via email immediately after receiving your account forms.

Please be sure to type or clearly print your E-mail address on the Customer Information page, as this will be the medium used to contact you following the receipt of the application.

Account applicants can choose to send FXCM by wire, money order, certified or cashier's check with their account application or wait for their account to be approved. If the account cannot be opened, FXCM will send back the canceled check.

Account applications are evaluated immediately after being received. FXCM will contact the trader within one business day of receiving the application. To open an FXCM MINI ACCOUNT, an initial deposit of $300 is required by wire, money order, certified or cashier's check.