What's a Micro Trading Account in Indices Trading?

Micro Trading Account Definition - The definition of a trading micro stock account is an account type where traders open trades using micro lots. 1 Micro lot is equal to one hundredth of the standard lot.

The Micro account allows many retail stock traders to access the stock trading market because with this account stock traders can trade smaller lots known as micro lots therefore the capital needed to open this micro stock account is not a lot as that needed for opening a standard account.

The Micro lot is equal to one hundredth of standard lot.