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

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

The difference between Mini Oil Account and Standard Oil Trading Account is the trading volume of the oil trading transaction that is opened on the Mini crude oil account & the trading volume opened for a standard crude oil trading account.

For the Mini crude oil account the trading volume is equal to 1 tenth of the standard oil lot

For the Standard crude oil account the trading volume is equivalent to 1 oil lot

Mini Lots - for the Mini crude oil account the trading volume is equal to 1 tenth of the standard oil lot is referred to as 1 Mini lot. The Mini oil lot is equivalent to one tenth of the standard oil lot.

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