What are Micro Oil Trading Accounts?

Micro Oil Trading Accounts are crude oil trading accounts type where traders open crude oil trades using micro lots. 1 Oil Trading Micro lot is the equivalent of 1,000 units of the base lot of oil.

The Micro crude oil trading accounts allows many retail crude oil traders to access the crude oil market because with these micro crude oil trading accounts crude oil traders can trade smaller oil lots known as micro lots therefore the capital needed to open these micro crude oil accounts isn't a lot as that required for opening standard oil trading accounts.

Micro lots are equal to one hundredth of standard oil trading lot.