How is Lott Size Calculated in Forex for Cent Account? - How to Calculate Cent Lot Size in Forex

Calculate Lot Size for Cent Lots

1 Cent lot is the equivalent of 100 Units of the base currency - Lot size for Cent lots is therefore 100 Units of base currency.

Cent lot is calculated as the equal to one tenth of Micro lot. The Cent lot volume in trading is hence specified as 0.01 on platform.

To Specify a Cent Lot trade size when opening a trade on MetaTrader 4 Software, use the MetaTrader 4 open orders tutorial described below:

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

How Do I Calculate a Cent Lot Size on MT4 Cent Account

For Cent lot the pip size per trade is equal to $0.01 or 1 Cent

Forex Cent Account Definition - the definition of a Cent account is an account type where traders place trades using Cent lots. 1 Cent lot is the equivalent of 100 Units of the base currency.

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