Cent/micro accounts for oil trading? Worth doing?

[admin]

Hello is it worth trying to trade oil with like $500 account?

i found that even when trading micro lot 0.01 volume, my looses or gains are too large for the account to survive just a few days.

another thing are Swap. When i want to buy oil (long position), then on the BRENT chart Speciffication i see long position has swap -36.57USD/lot. So the micro lot is 100 times lower: $0.37 for single day (over night)?!!

What about Cent account, does it make any difference?
Here i found some cent accounts:

http://www.roboforex.com/analytics/forex-calculator/
Have Cent account, but can trade only currencies and gold, not oil.
Accept Bitcoin probably.

https://secure.instaforex.com/en/
Probably same as Roboforex

https://www.instaforex.com/account_types + https://www.instaforex.com/forex_calculator
Probably same as previous, maybe even Oil

https://fbs.com/trading/cent
Only currencies and metals, PerfectMoney + OKpay

-------
Some comparison of the cent brokers: https://www.earnforex.com/cent-forex-brokers/

[Ianvel]

If you are using instaForex or FreshForex (https://freshforex.com/) then I'll suggest using cent account since they cut very less spreads plus you will get higher leverage facilities on this account. But yes, of you have very less amount than you should use micro account. That's it.