Account Type Requirements

‌ 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.

Simultaneous Open Order Limitation

The trading account must not limit the simultaneous number of open orders, to allow The FX Net strategy a correct operations.

Hedging Required

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.