What's a Micro Account in Forex Trading? - Micro Account Definition in Forex Trading

Micro Account Definition - The definition of a forex micro account is an account type where forex traders open trades using micro lots. 1 Micro lot is the equivalent of 1000 Units of the base currency.

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.

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

For Micro lot the pip value per trade is equal to $0.1