What are Forex Nano Accounts?

Forex Nano Accounts are forex accounts type where forex traders open forex trades using Nano lots. 1 Forex Nano lot is the equivalent of 100 Units of the base currency.

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

Nano lots are equivalent to one tenth of the Micro forex lot.

For Nano lots the pip value per trade is equal to $0.01