What's the Difference Between Standard Contract and Nano Contract?

What is the Difference Between Standard Contract and Nano Contract in XAUUSD?

The difference between Standard Contract and Gold Nano Contract is the trading volume of the transaction that's opened using the Standard Contract and that which is opened using Gold Nano Contract.

Standard Contract - the trading volume is equal to 1 xauusd trading lot

Nano Contract - the trading volume is equivalent to 1 hundredth of mini gold trading lot

Standard Contracts - for the Standard Contracts the trading volume is equal to 1 lot is also referred to as One Standard lot or 1 Lot. For Standard Contract the pip value is equivalent to $10.

Nano Contracts - for the Nano Contracts the trading volume is equivalent to 1 hundredth of mini lot is referred to as one Nano lot or one xauusd Nano lot. For Nano Contract the pip value is equivalent to $0.01 or 1 Cent.