Micro Account Definition in Gold Trading
A Micro Account enables traders to use micro-lots for their positions, which are one-hundredth the size of a standard XAUUSD lot. This account type is ideal for those seeking lower risk and smaller trade sizes.
The Micro account allows many retail xauusd traders to access the xauusd market because with this account traders can trade smaller gold lots referred to as micro lots therefore the capital required to open this micro account isn't a lot as that which is required for signing up a standard account.
Micro lot is equal to one hundredth of standard xauusd lot.
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