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

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

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

For the Mini account the trading volume is equal to 10,000 units of base currency

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

Mini Lots - for the Mini account the trading volume is equal to 10,000 units of base currency is referred to as 1 Mini lot. The Mini forex lot is equivalent to one tenth 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.