Retail forex brokers or market makers handle a minute fraction of the total volume of the foreign exchange market. According to CNN, one retail broker estimates retail volume at $25–50 billion daily, which is about 2% of the whole market and it has been reported by the CFTC website that unexperienced investors may become targets of forex scams.
Mini accounts are ideal for traders who have practiced trading with a demo account, and would like to gain more experience before opening a standard GFT trading account. Mini accounts allow traders to become more familiar and comfortable trading with GFT’s award-winning software, DealBook® 360, without risking large amounts of capital.Due to the smaller lot sizes, lower minimum account deposit requirements and the ability use higher leverage, mini accounts allow novice forex traders to develop trading strategies and build confidence in the market. With available leverage of up to 400:1, you can trade more efficiently by getting one of the highest leverage ratios in the forex market through GFT. Without appropriate use of risk management, a high degree of leverage can lead to large losses as well as gains. Accounts opened with minimum deposits will be liquidated should they fall below GFT minimum margin requirement
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