Mini Gold Account Meaning in Gold Trading

Mini Gold Account Definition - the meaning 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 base lot of gold.

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

Mini lot is equivalent to one tenth of standard xauusd lot.