Any NT compatible brokers that support microlot Forex trading?

[Elliott Wave]

I'm wondering if any of the NT compatible brokers support microlot trading?

If not, is this already supported by the application in the event a compatible broker becomes available?

[NinjaTrader_Dierk]

I'm not aware of a broker technology "microlot trading" so I guess the answer is "no".

[Elliott Wave]

Microlot trading is simply trading forex lots of 0.01. Its extremely important for martingale, anti-martingale and other money management systems.

I guess the only difference to NinjaTrader is an extra decimal place, hopefully there'll be a NT compatible broker in the future...

[NinjaTrader_Ray]

Not sure what a lot of 0.01 is.

Expressed in total units of the base currency:

MBT supports 10K lot size
GAIN supports 100K and 10K lot size
Interactive Brokers supports 1 lot size

In terms of price quotes:

MBT quotes in 1/10 pips
GAIN quotes in either pips or 1/10 pips depending on your account
IB quotes in 1/2 pips

[Elliott Wave]

A micro-lot would be 1k units of base currency (0.01 x $100,000 standard lot). An increasing number of brokers support it. While Interactive Brokers may have no minimun trade size, the $10,000 required acct minimum and low leverage defeat the purpose.

Using any type of strategy that doubles the lot size on either winners or losers, would exceed the GAIN maximun lot of size of 25 in only 4 trades, not to mention the increased margin requirements...

IBFX

What is the Minimum Trade Size?
Typically the standard minimum transaction size in the FX market is 1 lot, or 100,000 of the base currency, with a minimum margin deposit of 1%. For example, a US $100,000 position would require an initial margin deposit of US $1,000. IBFX also offers the option of trading ‘micro lots’, lot sizes that can be as small as .01 or 1% of either a standard or mini lot.

Alpari (US)
Minimum lot 0.01

Micro lots: minimum contract size 0.01 of a lot (1,000 units of base currency)

STIFX
" Dear Respected Clients,

We are pleased to announce, that we are now offering the possibilty to trade in micro lots. Minimum contract size has been set for all spot currency pairs, gold, silver is 0.01 of a lot (1,000 of a base currency) for all trading accounts (demo and live). Spot Oil minimum contract size is same as 0.10 of a lot. We have enabled this option in MetaTrader 4.

LiteForex.org
Oanda

[mason]

While Interactive Brokers may have no minimun trade size

IB requires 25,000 USD trade size as their minimum lot size, which in MT4 turns to be 2.5 mini lot size. For EUR, 18,000 EUR.

[NinjaTrader_Ray]

Right but you can trade 25,001 --> That is what I meant.

[BIGRED]

MBT allows 1,000.00. NT supports it via the workspace naming/acct/trade size.

[Elliott Wave]

Thanks for pointing that out. You're right MBTrading does support microlot trading.

Unfortunately though, along with Afghanistan, Cuba, Iran, Nigeria, Iraq, North Korea, Sudan and Syria the evil empire of Canada is on their restricted country list, so I won't be able to open an account!

[Dhanvika (Forex Trading)]

Not sure what a lot of 0.01 is.

Expressed in total units of the base currency:

MBT supports 10K lot size
GAIN supports 100K and 10K lot size
Interactive Brokers supports 1 lot size

In terms of price quotes:

MBT quotes in 1/10 pips
GAIN quotes in either pips or 1/10 pips depending on your account
IB quotes in 1/2 pips

Hey,

Thanks for providing this great information. Please keep me updated like this.

[Elliott Wave]

GAIN/Forex.com now support microlot trading with MetaTrader, perhaps they can be persuaded to add support for NinjaTrader as well...

[Poocher]

EW I don't know if you're still interested but NT is free for live trading at Gain:

http://www.gaincapital.com/trading_ninja.html

[Elliott Wave]

I've been using GAIN/Forex.com since the start. Overall I've been satisfied.

GAIN/Forex.com recently introduced microlot trading for MetaTrader and I asked them if they planned to support it for NT and they said they had no plans.

I really hope they do, because it would be much easier to move the decimal in the lot size than it would be in my account size.

[marketstudent]

Right but you can trade 25,001 --> That is what I meant.

How to set up the mini/micro lot in NT? Thanks!

[NinjaTrader_RJ]

How to set up the mini/micro lot in NT? Thanks!

Hi,

Who are you connecting to? (broker/datafeed)

Are you able to enter quantities of .01M?