What's Difference Between Cent and Micro Oil Trading Account?

What's Difference Between Cent Oil Account & Micro Oil Trading Account Types in Oil Trading?

The difference between Cent Oil Account & Micro Oil Trading Account is the trading volume of the oil trading transaction that is opened on the Cent crude oil account & the trading volume opened for a Micro crude oil trading account.

For the Cent crude oil trading account the trading volume is equivalent to one thousandths units of base oil lot

For the Micro crude oil account the trading volume is equal to 1 hundredth of the standard oil lot

Cent Lots - for the Cent crude oil trading account the trading volume is equivalent to one thousandths units of base oil lot is referred to as 1 Cent lot. Cent oil lot is equivalent to one tenth of Micro oil lot.

Micro Lots - for the Micro crude oil account the trading volume is equal to 1 hundredth of the standard oil lot is referred to as one Micro lot.