What are XAUUSD Micro Accounts?

XAUUSD Micro Accounts are xauusd accounts type where xauusd traders open gold trades using micro lots. 1 XAUUSD Micro lot is the equivalent of 1,000 units of the base lot of xauusd.

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

Micro lots are equal to one hundredth of standard gold trading lot.