LiteForex announced about some changes for their mini Forex trading accounts. These changes became active today, on September 3rd. Decreasing the minimum trading lot size, margin requirement for hedging positions and minimum deposit amount is a step towards the more easier trading for small traders and Forex newbies:
Aspiring to provide to our clients the best trading conditions on international financial markets, the group of companies LiteForex (www.LiteForex.org) has made the following improvements of our trading conditions:
1. Decreased minimum contract size for MINIForex accounts, — starting September 03, 2007 the minimum contract size for MINIForex accounts becomes 0.01 lot with step 0.01; The maximum contract size was not changed and remains 10 lots.
2. Decreased margin requirements to keep opposite (locked) positions (AKA “hedged margin”) on MINIForex and 100KForex accounts, — starting September 03, 2007 the hedged margin for all Forex instruments (EURUSD, GBPUSD, USDCHF, USDJPY, USDCAD, AUDUSD, NZDUSD, EURGBP, EURCHF, EURJPY, EURCAD, EURAUD, EURNZD, GBPCHF, GBPJPY, GBPCAD, GBPAUD, GBPNZD, CHFJPY, CADCHF, AUDCHF, NZDCHF, CADJPY, AUDJPY, NZDJPY, AUDCAD, NZDCAD, AUDNZD, including XAUUSD, XAGUSD) on MINIForex and 100KForex accounts becomes 25%. Previously hedged margin was 50%.
3. Removed the limitation on minimum initial deposit for MINIForex accounts, — starting September 03, 2007 there is no minimum deposit requirements for MINIForex accounts.
