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