What is the Difference Between Micro and Standard Gold Trading Account?

What is the Difference Between Micro XAUUSD Trading Account and Standard XAUUSD Trading Account Types in XAUUSD Trading?

This difference between Micro Gold Trading Account and Standard Gold Trading Account is the trading volume of the gold trading transaction that is opened on the Micro xauusd trading account and the trading volume opened for a standard xauusd trading account.

Micro Lots - for the Micro xauusd trading account the trading volume is equal to one hundredth of the standard gold lot. The Micro gold lot is equivalent to one hundredth of the standard xauusd trading lot.

Standard Lots - for the Standard xauusd trading account the trading volume is referred to as one standard lot.