Brokers with Micro Lots
Compare Forex and CFD brokers in India that allow you to trade micro lots. These are well suited for beginners or those with small deposits.
Trade without restrictions with Octa, an international broker with millions of trading accounts. Octa supports all trading styles and EAs on MetaTrader 4, 5 and OctaTrader, its in-house platform.
- Likes
- Trade without restrictions on MetaTrader of OctaTrader.
- Enjoy a 10% to 50% bonus on every deposit.
- Fast and free deposits and withdrawals.
- Copy trading is available.
- Dislikes
- You cannot buy shares or cryptocurrency (only CFDs).
- Only supports 2 account base currencies: USD, EUR.
Octa is popular with traders seeking high leverage and low floating spreads. Enjoy 1:500 leverage across currencies, rising to 1:1000 around contests and promotions. Use leverage with caution as negative balance protection only applies on stop-outs.
Octa charges no fees on deposits or withdrawals, and will even cover third-party fees from time to time. Octa has a reputation for quick deposits and withdrawals, with withdrawals processed manually within 3 hours for your security.
Make your funds go further with a 10% to 50% bonus on every deposit from $50. The bonus amount can be withdrawn once relatively low trading volume requirements have been met.
Understanding Forex trading sizes and terminology can be a challenge. That's why we've compiled commonly used phrases below.
The standard Forex trading size is 100,000 units of your funding currency. This means $100,000 if your account is in dollars. However, some brokers allow you to trade smaller sizes from 10,000 to 1,000 and even 1 unit.
- Standard lot: 1 lot = 100,000 currency units.
- Mini lot: 0.1 lots = 10,000 currency units.
- Micro lot: 0.01 lots = 1,000 currency units.
- Fractional lots: refers to smaller trades.
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About the author
I'm Stéphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.