How many lots can be used in a mini-account?

K

kazoo

I'm a newbie to the world of forex. I would like to know if there is a limit to the number of lots I can buy in a mini-account. If I wanted to, for example, could I buy 100 lots? Thanks in advance.
 
im guessing he's going to say it depends on how much money is in the account. in the emini futures its your account size devided by the brokers margin. if the brokers margin is $500 and you have $5,000 in your account, if your stupid enough you could trade 10 contracts. every broker/fcm has a different margin for day trading. when you hold contracts overnight, margins get very standard between the fcm's. im sure it very similiar for the forex. though i don't know that for sure.
 
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