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

What's Difference Between Cent Oil Account and Standard Oil Trading Account Types in Oil Trading?

The difference between Cent Oil Account and Standard 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 standard 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 Standard crude oil account the trading volume is equivalent to 1 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.

Standard Lots - for the Standard crude oil trading account the trading volume is referred to as one standard lot.