What's Gold Account Type?
Gold Accounts Types - Gold Accounts are classified into various different xauusd trading accounts types that are suited for different types of traders.
The four xauusd trading account types are:
- Standard Gold Account
- Mini Gold Account
- Micro Account
- Nano Account
Standard Gold Account Type - standard trading account is suitable for experienced gold traders who have an initial deposit capital of more than $10,000. Standard trading account trades using gold trading standard lots. Gold standard lots the profit per one pip is equal to $10.
Mini Gold Account Type - mini trading account is suitable for traders who want to trade in smaller gold trading contracts called mini lots instead of trading with the standard lots. Mini trading accounts are suitable for investors who have an initial deposit capital of between $1,000 and $5,000 dollars. The mini trading account trades using gold trading mini lots. Gold mini lots the profit per one pip is equal to $1.
Micro Account Type - micro account is suitable for beginners and it is suitable for traders who have initial deposit of between $250 & $500. The micro account trades using micro lots which are smaller than mini lots. The micro account trades using micro lots. The micro lots profit per pip for this accounts is calculated as $0.1.
Nano Account Type- nano trading account is also suitable for beginners and it's suitable for traders who have initial deposit of between $50 and $100. Nano account trades using nano lots which are smaller than micro lots. The nano lots are also called cent lots because the profit per pip for this trading accounts is calculated in cents. Nano trading accounts are also called gold trading cent accounts.
