Account Type Requirements
Minimum Account Size and Margin Requirements
The FX Net has amazing profit potential, and as its name derived, it can have a big number of trades opened simultaneously, just like spreading a net and catching a large number of fish. Sometimes up to a couple of hundreds of open orders
And though it uses the smallest lot size, of 0.01 for every trade on a 10k account, for account safety and maneuverability it requires:
- For standard account, that allows a 0.01 lot size, where (1 pip=10 cent) a minimum account size of $3000 account with minimum leverage of 100:1, preferably more, in order to keep a safe margin.
- For Mini account, that allows a 0.01 lot size, where (1 pip=1 cent) a minimum account size of $1000 account with minimum leverage of 100:1, preferably more, in order to keep a safe margin.
The trading account must not limit the simultaneous number of open orders, to allow The FX Net strategy a correct operations.
Sometimes the strategy has BUY and SELL positions open at the same time for the same pair (hedge), so unfortunately its not compatible with U.S. traders on FIFO accounts.