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

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

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

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

For the Standard account the trading volume is equal to 100,000 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.

Standard Lots - for the Standard account the trading volume is equal to 100,000 units of base currency is referred to as one standard lot.