What is Difference Between Commodities Standard Contract & Micro Contract?

What is Difference Between Commodities Standard Contract & Micro Contract in Commodities?

The difference between Commodities Standard Contract & Commodity Trading Micro Contract is the trading volume of the commodity transaction that is opened using the Standard Contract & that which is opened using Commodity Trading Micro Contract.

Standard Contract - the trading volume is equal to 1 commodities trading lot

Micro Contract - the trading volume is equivalent to one hundredth of the standard commodities trading lot

Standard Contracts - for Standard Commodities Contracts the trading volume is equal to 1 commodity lot is also referred to as 1 Standard lot or 1 Commodity Lot. For Standard Contract the pip value is equal to $10.

Micro Contracts - For the Micro Commodities Contracts the trading volume is equivalent to one hundredth of the standard commodity lot is referred to as one Micro lot or one commodity Micro lot. For Micro Contract the pip value is equal to $0.1 or 10 Cents.