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I'm familiar with how it went down, and it is referenced all the time.
If they were as transparently underhanded as Insta appears to be, and there were many who could talk about their experiences first-hand, I'd have the same comment without a doubt. I don't think that was the case with Refco.
I spose, it's also possible we're all just blindly buying the slander, as the rep suggests...
 
I am researching a standard-cent account at IF. I am trying to understand the order sizes accepted.

From what I think I have figured out is 5 different decimal type of orders (maybe only 3, this is unsure and not clear):

1.0 =? per PIP
0.1=? per PIP
0.01=? per PIP
0.001=? per PIP (unsure, not clear))
0.0001=? per PIP (unsure, not clear)

What are the per pip values for each of these above...assuming I got this right.

Maybe it is like this:

Standard-Dollar Account
1.0- 1 PIP=10 Dollars (standard)
0.1- 1 PIP = 1 Dollar (mini)
0.01- 1 PIP = 10 cents (micro)

Standard-Cent Account:
1.0- 1 PIP = 1 dollar (mini)
0.1- 1 PIP = 10 cents (micro)
0.01- 1 PIP =1 cent (nano)
 
Ok..I got the answer from the InstaForex support email...

Dollar account:

0.01 = 1 cent
0.1 = 10 cents
1.0 = 1 dollar
10.0 = 10 dollars
100.0 = 100 dollars
1000.0 = 1000 dollars


Cent account*:

0.1 = 1/10th of 1 cent
1.0 = 1 cent
10.0 = 10 cents
100.0 = 1 dollar
1000.0 = 10 dollars

ES

* = Demo not available.

Quote from ElectricSavant:

I am researching a standard-cent account at IF. I am trying to understand the order sizes accepted.

From what I think I have figured out is 5 different decimal type of orders (maybe only 3, this is unsure and not clear):

1.0 =? per PIP
0.1=? per PIP
0.01=? per PIP
0.001=? per PIP (unsure, not clear))
0.0001=? per PIP (unsure, not clear)

What are the per pip values for each of these above...assuming I got this right.

Maybe it is like this:

Standard-Dollar Account
1.0- 1 PIP=10 Dollars (standard)
0.1- 1 PIP = 1 Dollar (mini)
0.01- 1 PIP = 10 cents (micro)

Standard-Cent Account:
1.0- 1 PIP = 1 dollar (mini)
0.1- 1 PIP = 10 cents (micro)
0.01- 1 PIP =1 cent (nano)
More...
 
Quote from Jackshark:

Whoa, I guess dats da end of em.
More...
Maybe not, if what we hear is true and InstaForex head office and funds are in Russia, firmly beyond the US jurisdiction.
 
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