Noob MT4 Question - How do you look at account size?

Hi guys, I have a question here. How do I know from the platform what is my account size (standard, mini or micro)? I’m demo trading using MT4 with MB-Trading.

And on the trading order window, when i select 0.10 for volume does that means I am trading 1/10th of a standard trading lot?

Please help as I could not find any answers to my questions anyway and it’s kinda confusing for me. :confused:

I’m not sure how to check for your first question, but yes to the second one. It would be 1/10th of the standard lot size FOR THAT ACCOUNT because remember, that account could be mini,micro,or standard.

Standard: lot size 100 000
Mini: lot size 10 000
Micro: lot size 1000

Correct me if I’m wrong PLEASE this is just what I’ve concluded.

You can’t tell from the MT4 platform, you’ll have to ask your broker or place a test trade to find out.

Since it’s a demo just open a random trade for 1 lot and see how much money you make/lose per pip. If it’s approx. $10 per pip you have a standard account, $1 it’s a mini, and $0.10 it’s a micro. :slight_smile:

And if you open a .10 lot trade that is 1/10 of whatever lot size your account is in. If you have a micro account you are opening 1/10th of a micro lot, not a standard lot.

Thanks guys for your comment. From the test trade results, I can safely conclude it’s a micro account since each pip is calculated at 0.10. Thanks and have a pleasant trading day ahead! :smiley: