What are Standard Oil Trading Accounts?

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

The Standard oil account allows Standard lots therefore the capital needed to open this Standard crude oil account is a lot more than that required for opening a Mini crude oil trading account.

Standard lot is equal to one standard oil trading contract.