A micro-lot is a trading unit derived from the standard trading unit, which in the Forex world is the lot. While 1 lot represents a transaction of 100,000 units of the currency mentioned first in a currency pair, the value of 1 micro lot is 1,000 units
If you are interested in the relationship between lots, micro-lots, leverage, and margin, we recommend reading the article about micro-lots
we wrote on the subject.
A micro lot is 0.01 lot.