Good evening sir.....kind regards
1. If in the xm account there is a description of the micro account min trade mt5 0.1 lot and the standard account 0.01 lot.....it means the pip value is the same right....yes 0.1 usd per pip.....so if I deposit 10 usd it only holds for 100 pips....why can't I trade at 0.01 in the micro account....is that the broker's policy....what is a safe capital for trading in the micro account.....
2. If in the live account on mt5 is the balance value already an accumulation of the value per pip that we gain loss or profit calculated based on USD conversion.....please enlighten me thank you
@ Dennt:
1. Pip values are not the same. For micro accounts, the minimum trade is 0.01 lot with a contract value of USD 1,000, and for standard accounts, the minimum trade is 1 lot with a contract value of USD 100,000.
The value per pip for the XXX/USD pair (EUR/USD, GBP/USD, AUD/USD, NZD/USD) in a micro account is USD 0.1 and in a standard account is USD 10.
For capital in a micro account with a resilience of around 1000 pips not including margin, it can be minimal with USD 100.
2. - … Is the balance value already accumulated from the value per pip we get from loss or profit calculated based on USD conversion?
Yes, it is accumulated, but not from the value per pip, but rather the total profit or loss at that time, both for positions that have been closed and floating positions (still open).
Balance: Equity - Floating Profit / Loss
Floating profit: open positions that are profiting
Floating loss: open positions that are losing