What's a Cent Lot in XAUUSD for Cent Account?

Definition of What's the Lot Size for Cent Lots

One Cent lot is equivalent of 100 units of base lot of xauusd instrument - Lott size for Cent lots is therefore 100 Units of base xauusd

The Cent lot is equivalent to one tenth of Micro lot. The Cent lot volume in trading is therefore specified as 0.01 on platform.

To Specify a Cent Lot for trading in MetaTrader 4 Platform, use MetaTrader 4 open xauusd orders tutorial explained below:

To set these orders on the MetaTrader 4 Software: open MetaTrader 4, open a " chart', right-click the ' chart', select "New Order" & then choose the trade order either sell or buy as illustrated below. (Short Cut Keyboard Keys - Press F9). Select The Quote you want to trade and then below the Symbol, Select the trade "Volume" as 0.001 to specify Cent Lot.

How to Open XAUUSD Cent Lot on MT4 Cent Account

XAUUSD Cent Account Meaning - the meaning of a xauusd Cent account is an account type where traders place trade transactions using Cent lots. 1 Cent lot is equivalent of 100 units of base lot of xauusd.

The Cent account allows many retail traders to access the market because with xauusd account traders can trade smaller lots known as Cent lots therefore the capital needed to open this Cent account isn't a lot as that required for opening a standard account.