No micro-lot trading at Dukascopy Metatrader 4 accounts

By Paul | Published: February 7, 2010

Just received the following news from Dukascopy (attached below) regarding their Metatrader accounts. Basically, they are raising their minimum lot-size on MT4-enabled accounts to a mini-lot (10k). Micro-lot (1000 units) trading remains exclusive to their basic (JForex only) accounts.

Well, why do bad news keep coming to me just when I’m about to go live with a forex broker? First it was Oanda (although the problem was at my end with them), then Dukascopy. There’s no way I’m able to trade with a mini-lot because of my strict risk management rules. So I would be stuck with the JForex platform for a while if I’m going to trade with them.

I like the JForex platform. It is simple, clean, easy to use, and powerful. However, Metatrader is just substantially more popular. There are hundreds of free scripts, indicators, and expert advisers published at MQL4.com for me to edit to my liking. If I go with JForex, I’d have to write everything from scratch. The whole point of me using a built-in editor is to save time. So I might as well program in Python and use an API if I need to go through learning JForex scripting, programming, and testing.

As much as I like Dukascopy (35% commission rebate affiliate link), I may not be going through to trade with them anymore. Unfortunate, really.

Dear BetaTester,

Starting from Sunday 07.02.2010 Dukascopy (Suisse) SA SWFX MetaTrader 4 platform will no longer support the 0.01 fractional position trading. Minimum Trading amount on MT4 platform will be 10,000 (0.10) units of Base Currency on all available Currency Pairs.

All positions with amounts less than minimum requirement – will be closed by Dukascopy (Suisse) SA Staff at market rate. If you would like to close those positions yourself please do so before 22:00 GMT 05.02.2010.

In the future for trading on LIVE and DEMO MetaTrader4 accounts the minimal amount will remain as 10,000 units of base currency.

Dukascopy (Suisse) SA will continue to offer minimum trading amount of 1,000 units for traders who are using only JForex platform (without possibility of trading on MT4 platform).

If you will have any further questions please do not hesitate to contact us for assistance.

Regards,

Dukascopy (Suisse) SA
ICC, Route de Pre-Bois 20
1215 Geneva 15
Switzerland

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