@Rafael, These Micro and Cent accounts are like the training wheels of trading, perfect for newbies or anyone who likes to keep things on the low. Now, there might be some differences depending on which broker you're talking to, but here's the gist:
- Micro Account: It's like your regular trading account. You're dealing in bucks – like dollars or euros. Your lot size starts at 0.01, and how much you can go in depends on the broker. Your account balance is in regular currency, so if you see $100, it means a hundred real bucks.
- Cent Account: Now, the Cent account is like the baby version of the Micro. It still lets you start with 0.01 lots, but here's the twist – it's all in cents. So, if you got 10,000 cents, that's like $100. Everything's just smaller in the Cent world.
In simpler terms, Cent accounts are like Micro accounts' little sibling. And here's the cool part – if you're working with a Micro account, bumping up your lot size by 100 is like playing in the big leagues, just like a regular standard account.