What's the Difference Between Micro and Standard Account?

What is Difference Between Micro Account and Standard Account Types in XAUUSD?

This difference between Micro Account and Standard Account is the volume of the transaction that is opened on the Micro account and the volume opened for a standard account.

Micro Lots - for the Micro account the volume is equal to 1 hundredth of the standard lot. The Micro lot is equivalent to one hundredth of the standard lot.

Standard Lots - for the Standard account the volume is referred to as one standard lot.