eWeb-Forex Mini Description

Profits and losses are easy to calculate when trading on The eWeb-Forex MINI Platform. In the EURO/USD and many other currency pairs, a one pip or tick movement in the exchange rate is equal to one-dollar gain or loss in account value for each lot. Since many of our clients are new to online trading, eWeb-Forex wanted to develop a product that contained the excitement of online trading without the risk of taking on positions in excess of $100,000. Our response is The eWeb-Forex MINI.

With risking only a few hundred dollars, you can open an eWeb-Forex MINI account. You trade using the same platform as our regular traders. The big difference between the eWeb-Forex MINI ACCOUNT and a regular trading account is the size of the trade. For the eWeb-Forex MINI ACCOUNT, trade sizes are in multiples of 10,000 base currency instead of the 100,000 in a regular trading account.

The eWeb-Forex MINI ACCOUNT enables clients to make trades for amounts significantly less than inter-bank sizes. As a result, offsetting these trades requires more effort by eWeb-Forex than for a regular account. To compensate for the additional effort, eWeb-Forex has slightly larger spreads on some currencies and adds a small commission charge.

Currency trading involves the use of greater leverage than equities/futures/options trading. Profits and losses in currency trading can be much greater than in other markets. Although the eWeb-Forex MINI ACCOUNT provides as much leverage as a regular account, clients have the opportunity to take smaller size positions, taking on less total risk. Until clients are completely comfortable trading foreign exchange on a highly leveraged basis, trading smaller amounts on The eWeb-Forex MINI is highly recommended.