Frequently Asked Questions

What is a Lot?

A lot is the smallest available trade size that you can place when trading currency pairs in the foreign exchange market (Forex). Currencies are traded in lots, which are batches of currency used to standardize the quantity for Forex trades. A standard lot is 100 000 units of currency. There are also smaller sizes available, known as mini lots and micro lots, worth 10 000 and 1000 units correspondingly.