What are Micro Accounts?
Micro Accounts are xauusd trading accounts type where traders open trades using micro lots. 1 Gold Micro lot is the equivalent of 1,000 units of the base lot of gold.
The Micro accounts allows many retail investors to access the market because with these micro accounts traders can trade smaller lots known as micro lots therefore the capital needed to open these micro accounts is not a lot as that required for opening standard trading accounts.
Micro lots are equal to one hundredth of the standard xauusd lot.
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