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