What is a Mini Commodity Trading Account in Commodities?

Mini Commodity Trading Account Definition - the definition of a commodity Mini commodity account is an account type where commodity traders open trades using Mini lots. 1 Mini lot is equivalent of one tenths units of the base lot of commodity.

The Mini 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 known as Mini lots therefore capital needed to open this Mini commodity account is not a lot as that required for opening a standard commodities account.

Mini lot is equal to one tenth of the standard commodity lot.