Of Micros & Nanos - Best Brokers to Start With

In these recent 12 months, many brokers are now jumping on the bandwagon to allow smaller volume transaction units.

I think this is a fantastic move, because it allows new traders to get live as soon as possible without risking too much capital.

The concept has all awhile been very simple to me, yet I believe brokers do not bother to give you small units because it encourages lower volume (i.e. lower revenue). However, market tide has changed, and they are forced to listen to the consumer.

Here's a list of the best places to start an account with!

Oanda.com - Our recommended broker. Unbeatable "buy-as-you-wish"

City Index Asia - Local Singapore broker, minimum Volume is 1000 units. Currently, the lowest in Singapore, with no-strings attached. We have a referral structure with them. Sign up through us, and you pay exactly the same rates etc, but we'll accumulate your rebates and work out a loyalty reward for you. Contact us at ask@forexdrivingschool.com

New Entrants (In last 12 months)

IBFX.com - Use the nano-lots (or super micro, i can't remember the name). It is 100 units per transaction minimum.

FXCM.com - They now have a micro-account, which they are aggressively marketing.

Note: I know there are some small brokers that also offer micro-units. I rather you sign up with one of these large brokers listed above. The benefits are endlessly more.

Enjoy your trading! Always start small, because it feels different when trading with different sums of money.

Cheers,

W

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