How is Lott Size Calculated in Gold for Cent Account?

Calculate XAUUSD Lot Size for Cent Lots

1 Cent gold lot - Lot size for Cent lots is equal to one thousandth of base xauusd lot.

The Cent lot is calculated as a equivalent to one tenth of Micro gold lot. Cent lot volume in trading transaction is therefore specified as 0.01 on the gold platform.

To Specify a Cent Lot trade size when opening a trade on the MetaTrader 4 Platform, use Meta Trader 4 open gold orders guide described below:

To set these gold orders on the MetaTrader 4 Platform: open MetaTrader 4, open a "chart", rightclick on "chart", select "New Order" and then choose order either sell or buy as pictured below. (Key board Short-Cut Keys - Press F9 Key). Choose The Symbol you want to trade and then below the gold Symbol, Select the trade "Volume" as 0.001 to specify Cent Lot Size.

How Do I Calculate a Cent Lot Size in MT4 Cent Account

Cent Account Meaning - the definition of a trading Cent account is an account type where gold traders place trades using Cent lots. 1 Cent lot is equivalent of 100 units of the base lot of gold.

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