What is Difference Between Cent Account & Micro Trading Account?
What is Difference Between Cent Account & Micro Trading Account Types in Indices Trading?
The difference between Cent Account & Micro Trading Account is the volume of the indices transaction that's opened on Cent stock indices account and the volume opened for a Micro account.
For the Cent stock indices account the volume is equivalent to one thousandths units of base indices lot
For the Micro account the volume is equal to 1 hundredth of standard indices lot
Cent Lots - for the Cent stock indices account the volume is equivalent to one thousandths units of base indices lot is referred to as 1 Cent lot. The Cent indices lot is equal to one tenth of Micro indices lot.
Micro Lots - for the Micro account the volume is equal to 1 hundredth of standard indices lot is referred to as one Micro lot.