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Micro Lots MT4

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Hi. I read IG MT4 does have micro lots but my account on MT4 only offers 0.1. have I missed something? Thanks, David

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Hi @BOBCAT01,  on the spread betting mt4 platform 1.00 equates to £1/point so 0.10 is £0.10/point, 10 pence per point.

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Any idea why this is on MT4 especially with IG server, as ive seen others adding micro lot positions under other brokers on MT4, is this just due to MT4 or something else?

On ‎11‎/‎05‎/‎2019 at 13:41, Caseynotes said:

Hi @BOBCAT01,  on the spread betting mt4 platform 1.00 equates to £1/point so 0.10 is £0.10/point, 10 pence per point.

 

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8 hours ago, TnlVision said:

Any idea why this is on MT4 especially with IG server, as ive seen others adding micro lot positions under other brokers on MT4, is this just due to MT4 or something else?

 

Hi @TnlVision,  couldn't say really except that, as you say all the others do it, so I guess IG would be at a disadvantage if they didn't.

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Hi @Caseynotes

On demo account for MT4 I can order 0.01 lots. Is it not possible on live accounts?

Also what I wonder is the overnight charges on those types of lots. Is it the same formula*lot percentage?

Thanks.

Izzet

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On 09/08/2019 at 22:43, Izzet said:

Hi @Caseynotes

On demo account for MT4 I can order 0.01 lots. Is it not possible on live accounts?

Also what I wonder is the overnight charges on those types of lots. Is it the same formula*lot percentage?

Thanks.

Izzet

Hi @Izzet,  the mt4 demo platform uses metatrader lot sizes which if I remember right goes down to 0.01 which equates to 10 pence per point but the live platform used IG lot sizes and only goes down to 0.10 but that still equates to the same 10 pence per point and so a £1.00 lot size is £1 per point on the live platform. A bit confusing I know.

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