What is the Forex Trading Minimum Deposit for Micro Account?

Micro Forex Account use contract sizes of only 1,000 currency units. These Micro Forex Accounts are often appropriate for traders without a lot of capital and can sometimes be opened with only a $5 minimum balance - Best Forex Account for Beginner Traders.

This Micro Forex Accounts option allows the trader to open trades in micro lots. 1 micro is one - tenth of a mini & one-hundredth of a standard contract.

If an exchange rate for EUR USD is quoted at 1.400, then the smallest transaction available in a micro lot is worth $1,400 used to buy 1,000 EUR. With leverage, this is only $14 of your money. This Micro Forex Accounts option is generally best suited for equity balances that are between $1,000 and $5,000 - Best Forex Account for Forex Beginner Traders

For Micro lots - Minimum Price Movement of 1 pip = $0.1