If you are just starting out in foreign currency trading then you will almost certainly want to start by trying your hand at mini Forex trading; You can open your Mini account with as little as $2500.

A standard account will usually be operated in trading lots of 100,000 (meaning that you have to purchase 100,000 dollars, euros, yen etc.) whereas a mini Forex account you will normally allow you to trade in lots of just 10,000

A Forex trading mini account operates by allowing you to use leverage in trading so that you are effectively trading with more money than you actually have in your account. The leverage available will vary between brokers, but is typically in the region of 200 to 1.

So, what does this mean?
If we assume that the minimum required to trade a lot is $10,000 then, with a leverage of 200 to 1, you would be able to trade with as little as $50 ($50 X 200 = $10,000) and so, with an initial deposit of $250, you would be able to trade up to 5 lots.

This is of course a very simple introduction to online mini account Forex trading and there is a little bit more to it than portrayed here.

Nevertheless, the principle behind Forex mini trading is simply to allow those who are just starting out in the world of foreign exchange trading to learn the ropes without investing too much money or taking too high a risk.

Opening the account is just as easy as opening a standard one and follows the same procedure; You can ask for help opening the account or just fill-in the requested forms yourself and send them to our support team to get started.