How Much Money is 1 Micro lot in Forex? - Micro Lot Definition

The Micro forex account allows many retail forex traders to access the forex market because with this account forex traders can trade smaller forex lots known as micro lots therefore capital needed to open this micro forex account is not a lot as that required for opening a standard forex account.

1 Micro lot is the equivalent of 1000 Units of the base currency.

The Micro lot is equivalent to one hundredth of the standard forex lot.