What is Difference Between Standard Contract & Nano Contract? - Standard vs Nano Lot

What is Difference Between Standard Contract & Nano Contract in Forex Trading?

The difference between Forex Standard Contract & Nano Contract is the trading volume of the forex trading transaction that is opened using the Standard Contract & that which is opened using Forex Nano Contract.

Standard Contract - the trading volume is equal to 100,000 units of base currency

Nano Contract - the trading volume is equal to 100 units of base currency

Standard Contracts - for the Standard Forex Contracts the trading volume is equal to 100,000 units of base currency is also referred to as 1 Standard lot or 1 Lot. For Standard Contract the pip value is equal to $10.

Nano Contracts - for the Nano Forex Contracts the trading volume is equal to 100 units of base currency is referred to as one Nano lot or one forex Nano lot. For Nano Contract the pip value is equal to $0.01 or 1 Cent.