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

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

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

For the Nano 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

Nano Lots - for the Nano account the trading volume is equivalent to 100 Units of base currency is referred to as 1 Nano lot. The Nano 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.