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