What is a Micro Commodity Trading Account in Commodities?

Micro Commodity Trading Account Definition - The definition of a commodity micro commodity account is an account type where commodity traders open trades using micro lots. 1 Micro lot is the equal to one hundredth of standard commodity lot.

The Micro commodities trading account allows many retail commodities traders to access the commodity market because with this commodities account commodities traders can trade smaller commodity lots referred to as micro lots therefore the capital needed to open this micro commodity account is not a lot as that required for opening a standard commodities account.

Micro lot is equal to one hundredth of standard commodity lot.