Micro Account Definition in Gold Trading

Micro Account Definition - The definition of a trading micro account is an account type where traders place trade transactions using micro lots. 1 Micro lot is the equal to one hundredth of the standard xauusd lot.

The Micro account allows many retail xauusd traders to access the xauusd market because with this account traders can trade smaller gold lots referred to as micro lots therefore the capital required to open this micro account isn't a lot as that required for opening a standard account.

Micro lot is equal to one hundredth of standard xauusd lot.