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Micro account

Odin Forex Micro accounts Details:

Trading Platform MetaTrader 4
Account Currency USD
Financial Instruments 28 currency pairs, gold, silver.See the full list of instruments.
Pricing Format 5th decimal pricing (0.12345)
Spreads ** Fixed. From 2 to 4 pips on the major currency pairs.See the list of spreads for all pairs.
Commissions No commissions to open/close a trade.
Open Positions Rollover See the list of SWAPS for all pairs.
Minimum Deposit $10,000 USD
Minimum Transaction Size 0.01 lot (1K)
Maximum Transaction Size 10 lot(1000K)
Open Trades Max Up to 100 trades open at the same time.
Leverage 1 : 100
Margin Call 60%:warning level, appears when ratio of funds to pledge becomes lower than allowed value. In this case dealer has a right (but not obliged) to close one or several client's positions according to market conditions.
Stop Out 30% :liquidation level, appears when ratio of funds to pledge becomes lower than allowed value. In this case dealer is obliged to close one or several client's positions in order to avoid negative balance on the account.
Expert Advisors Allow
Scalping With limitations.
News Trading With limitations.

* Five hour before market closing margin call/stop out levels can be increased up to 200%. Please be careful with positions that you leave for weekend.

* Level of limit and stop orders means minimal interval between current price and pending order level (in points). Inside the interval Take-Profit, Stop-Loss and pending orders can't be placed. When placing orders within the range, server will give an error message and won't accept the order. Limit and stop orders level is equal to 3-7 times spread.

* Due to increased market volatility, from January 1, 2012, on 'Micro' accounts spread for some pairs can be raised during important economic and political News.

* Placing, modifying or deleting pending Buy Stop and Sell Stop orders (including opposite Stop orders) is not permitted during Freeze Time (immediately before, during and some time after a news release).