What's a Mini Account in Indices Trading?

Mini Account Definition - the definition of a trading Mini account is an account type where traders open trades using Mini lots. 1 Mini lot is the equivalent of one tenths units of the base lot of indices.

The Mini account allows many retail stock traders to access the trading market because with this account stock traders can trade smaller lots referred to as Mini lots therefore the capital needed to open this Mini account is not a lot as that needed for opening a standard account.

The Mini lot is equal to one tenth of standard lot.