Hi Vahid,

I am planning to open a real trading account soon. Please could you advise what is the ideal Account Size to start that leave ample room to avoid margin call.

I used my Demo Account to trade standard lot ie USD100,000.

Thanks in advance.

AL

It depends on if you are intending to use proper position size management or not. It would appear that if you just traded standard lots on demo, in which case I suggest that you continue on demo and practice using position sizing according to your stop loss and risk per trade.
1 standard lot is different with different currency pairs.
Please don't rush into opening a real trading account until you are ready.

It also depends on the leverage that you opt for. A $1000 trading account with 100/1 leverage is not likely to be enough to trade standard lots.

Thank you Keith

Hi,

You can open a $1000 account and trade 0.05 lot but before that you should make sure that your broker lets you trade mini lots (0.01 or 0.05). FxPro doesn't. You can not trade less than 0.1 lot with FxPro.

Thanks for your response Keith and Vahid.

With the leverage of 100:1, does that mean that i would need at least $20,000 funding to trade with standard lot of 100k?

Brgds,
Alex

I would have thought so, unless you are going to have many trades open at the same time. You would theoretically be able to open 20 standard $ lots as long as they didn't go into a net loss. Maybe 15 lots, without risking a margin call.
If you only ever have 2 or 3 trades open at one time, a $5,000 account with 100:1 leverage should be enough.
The broker that I use for spread-betting has various leverage for different instruments. Mostly 20 or 30 to 1, but they adjust the margin requirement to take into consideration any stop-loss that I have in place.