Definition of What is the Lot Size for Trading Cent Lots

Definition of What's the Lot Size for Trading Cent Lots

1 Cent lot - Lot size for Cent lots is equal to one thousandth of base indices lot

The Cent lot is equivalent to one tenth of Micro lot. The Cent lot volume in trading is therefore specified as 0.01 on software.

To Specify a Cent Lot for trading on MT4 indices Platform, use MetaTrader 4 open orders guide described below:

To set these orders in MT4 Software: open MT4, open a " chart', right-click on ' chart', select 'New Order' and then choose order either sell or buy as pictured below. (Short Cut Keyboard Keys - Press F9). Select The Symbol you want to trade & then below the Symbol, Select the trade "Volume" as 0.001 to specify Cent Lot.

How to Open Indices Cent Lot on MetaTrader 4 Cent Account

Cent Account Definition - the definition of a Cent account is an account type where traders open trades using Cent lots. 1 Cent lot is the equivalent of 100 units of the base lot of indices.

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