What is a Cent Lot in Commodity Trading for Cent Commodity Trading Account?

Definition of What is Lot Size for Commodity Trading Cent Lots

1 Cent commodity lot - Lot size for Cent lots is equal to one thousandth of base commodity lot

Cent lot is equal to one tenth of the Micro commodity lot. The Cent lot volume in trading is therefore specified as 0.01 on commodity trading platform.

To Specify a Cent Lot for trading on MT4 commodity trading Platform, use the MT4 open commodity orders tutorial described below:

To set these commodity orders on the MT4 Platform: open MT4, open a "commodity chart", right click on "commodity chart', select 'New Order' & then select the order either sell or buy as shown below. (Short Cut Keys - Press F9). Select The Commodity Trading Symbol you want to trade and then below commodity Symbol, Select the trade "Volume" as 0.001 to specify Cent Lot.

How to Open a Commodity Trading Cent Lot on MT4 Cent Commodity Trading Account

Cent Commodity Trading Account Definition - the definition of a commodity trading Cent commodities trading account is an account type where commodity traders open trades using Cent lots. 1 Cent lot is equivalent of 100 units of the base lot of commodity.

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