What is Difference Between Cent and Micro Gold Trading Account?
What is Difference Between Cent XAUUSD Account and Micro XAUUSD Trading Account Types in XAUUSD Trading?
The difference between Cent Gold Account and Micro Gold Trading Account is the trading volume of the gold trading transaction that is opened on the Cent xauusd trading account & the trading volume opened for a Micro xauusd trading account.
For the Cent xauusd account the trading volume is equivalent to one thousandths units of base xauusd trading lot
For the Micro xauusd trading account the trading volume is equivalent to 1 hundredth of the standard xauusd trading lot
Cent Lots - for the Cent xauusd account the trading volume is equivalent to one thousandths units of base gold lot is referred to as 1 Cent lot. The Cent gold lot is equivalent to one tenth of Micro xauusd trading lot.
Micro Lots - for the Micro xauusd trading account the trading volume is equivalent to 1 hundredth of the standard gold lot is referred to as one Micro lot.