What are XAUUSD Cent Accounts?

XAUUSD Cent Accounts are accounts type where traders place trades using Cent lots. 1 XAUUSD Cent lot is the equivalent of 100 units of the base lot of xauusd.

The Cent accounts allows many online retail traders to access the market because with these Cent accounts traders can trade smaller lots known as Cent lots therefore the capital needed to open these Cent accounts is not a lot as that required for opening standard accounts.

Cent lots are equal to one tenth of the Micro gold lot.