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

What's Difference Between Micro Account & Standard Account Types in Forex Trading?

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

For the Micro account the trading volume is equal to 1,000 units of base currencyFor the Standard account the trading volume is equal to 100,000 units of base currency

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