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