What is Commodity Trading Account Types?
Commodity Accounts Types - Commodity Trading Accounts are classified into various different commodity accounts types that are suited for different types of commodities traders.
The four commodity account types are:
- Standard Commodities Trading Account
- Mini Commodities Trading Account
- Micro Commodities Trading Account
- Nano Commodities Trading Account
Standard Commodity Trading Account Type - standard commodity account is suitable for experienced commodity traders who have an initial deposit capital of more than $10,000. The standard commodity account trades using commodity standard lots. Commodities standard lots the profit per one pip is equal to $10.
Mini Commodity Trading Account Type - mini commodity account is suitable for commodity traders who want to trade in smaller commodity contracts called mini lots instead of trading with the standard commodity lots. Mini commodity accounts are suitable for investors who have an initial deposit capital of between $1,000 and $5,000 dollars. The mini commodity account trades using commodity mini lots. Commodities mini lots the profit per one pip is equal to $1.
Micro Commodity Trading Account Type - micro commodity account is suitable for beginners & it is suitable for commodity traders who have initial deposit of between $250 and $500. Micro commodity account trades using micro lots which are smaller than mini lots. The micro commodity account trades using micro lots. The micro lots profit per pip for this commodity accounts is calculated as $0.1.
Nano Commodity Trading Account Type- nano commodity account is also suitable for beginners and it is suitable for traders who have initial deposit of between $50 & $100. Nano commodity account trades using nano lots which are smaller than micro lots. The nano lots are also called cent lots because the profit per pip for this commodity accounts is calculated in cents. Nano commodity accounts are also called commodity cent commodity accounts.
