What are Micro Gold Trading Accounts?

Micro Gold Trading Accounts are xauusd trading accounts type where gold traders open xauusd trades using micro lots. 1 Gold Trading Micro lot is the equivalent of 1,000 units of the base lot of gold.

The Micro xauusd trading accounts allows many retail traders to access the xauusd market because with these micro xauusd trading accounts traders can trade smaller gold lots known as micro lots therefore the capital needed to open these micro xauusd trading accounts is not a lot as that required for opening standard gold trading accounts.

Micro lots are equal to one hundredth of the standard xauusd trading lot.