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

What is Difference Between Cent Account & Mini Account Types in Forex Trading?

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

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

For the Mini account the trading volume is equal to 10,000 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 equivalent to one tenth of the Mini forex lot.

Mini Lots - for the Mini account the trading volume is equal to 10,000 units of base currency is referred to as one Mini lot.