What is Difference Between Cent and Forex Micro Account? - Cent vs Micro Account

What is Difference Between Cent Account and Micro Account Types in Forex Trading?

The difference between Forex Cent account and Micro Account is the trading volume of the forex trading transaction that is opened on Cent account and the trading volume opened for a Micro account.

For the Cent account the trading volume is equivalent to 100 Units of base currency

For the Micro account the trading volume is equal to 1,000 units of base currency

Cent Lots - for the Cent account the trading volume is equivalent to 100 Units of base currency is referred to as 1 Cent lot. The Cent forex lot is equal to one tenth of Micro forex lot.

Micro Lots - for the Micro account the trading volume is equal to 1,000 units of base currency is referred to as one Micro lot.