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

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

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

Nano lot is equivalent to one tenth of Micro forex lot.

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