What's the Difference Between Cent and Standard Account?
What's the Difference Between Cent XAUUSD Account and Standard Account Types in XAUUSD?
The difference between XAUUSD Cent XAUUSD Account and Standard Account is the volume of transaction that's opened on the Cent account and the trading volume opened for a standard account.
For the Cent account the trading volume is equal to 100 Units of base xauusd
For the Standard account the trading volume is equal to 1 xauusd trading lot
Cent Lots - for the Cent account the trading volume is equal to 100 Units of base xauusd is referred to as 1 Cent lot. Cent lot is equivalent to one tenth of Micro gold trading lot.
Standard Lots - for the Standard account the transaction volume is referred to as one standard lot.