I take a 1 lot position on GBPUSD simultaneously on both these demos.
at the same pip value the profit on Alpari is $1-00 per pip and on IBFX it is $0-10 per pip
What is the difference between a pip and a point? I think a point is 1/10 th pip, however I heve seen somewhere that the 2 terms may be used interchangeably.
Thanks D-pip, both these companies quote on 5 decimals, so that’s not it.
and thanks phil-383. what you say probably explain it, I find it hard to believe though, that one account only produces 10% of the return of the other!
why would micro accounts be so badly penalised? will one be able to build it up?
I think using a micro account is pointless unless you want to use it as a high risk demo account.
The micro account isn’t being penalized at all. It’s just that 1 lot is less money on a micro account.
When you trade 1 lot on the mini account you are trading $10,000, but when you trade 1 lot on the micro account you are only trading $1000. You can trade the same amount on each account if you want, just trade 1 mini lot and 10 micro lots… Then you are trading $10,000 on each account.
As a percentage my biggest loss was 120%. Yes, you heard me right. I was way over exposed and hadn’t hedged my position over the weekend and price gapped down on the EUR/CHF past the all time lows about 300 pips or so.That was my worst.i was not trading with using the Money managements. I had made that time my biggest mistake also and i have since then learned a lot. What is more important to me now is the fact that i want to make less profits and less loss. What you think about this?