FAQs & More

What is a lot? How much is a lot?

A lot represents the volume / contract size of a symbol that you would like to buy or sell. Contract sizes tend to vary per account type.

For example:
1 standard lot on USDJPY is equivalent to 100,000 USD.
1 mini lot on USDJPY is equivalent to 10,000 USD.

Some instruments have other specific values for lots. For example, 1 Standard lot on XAUUSD (Gold) is 100 Troy Ounces, or 100 contracts.

For more details on how much a lot is equivalent to per account type, please refer to the ‘Markets’ section on our website.

You can also view lot sizes directly from your trading platform, by right clicking on a symbol of your choice and selecting ‘Specification’.

What is a GTLot?

1 GTLot = 100,000 USD of trading volume

The GTLot is an innovative unit, specially designed by FXGT for measuring and benchmarking the trading volume of a client’s Live Trading Account across all CFD instruments and asset classes. The GTLot was created with the purpose of unifying the diversity of the contract size, the denomination, and the nominal value of all available CFD instruments into a single standardised unit.

Where can I view GTLots?

You can check your trading account’s volume in GTLots through your client portal by navigating to the Reports section, then Trading Activity.

To learn more about GTLot, you can visit this page.

How are GTLots calculated?

1. To calculate the volume in GTLot for both Fiat and Crypto currency pairs we use this formula:
   
   Volume in USD = Lot x Contract Size x Base Currency to USD Price
   BTCUSD example:
   If BTCUSD has 1 lot, base currency BTC contract size 1, and base currency price USD 40,000.
   Volume in USD= Lot * contract size * base currency to USD price
   Volume in USD=1 * 1 * 40000=40000
   Then:
   GTLot=Volume in USD/100000
   GTLot=40000/100000=0.4
   
   
2. To calculate the volume in GTLot for Stocks, Indices, Precious Metals, Energies, and other non-currency instruments we use this formula:
   
   USD Volume = Lot X Contract Size x Price x Base Currency to USD Price
   Apple stock (#AAPL) example:
   If #AAPL has 1 lot, base currency USD contract size 100, current price 2000 and base currency price USD 1 (USDUSD)
   Volume in USD= Lot * contract size * price * base currency to USD price
   Volume in USD=1 * 100 * 2000*1=200000
   Then:
   GTLot=Volume in USD/100000
   GTLot=200000/100000=2

What are GTLots useful for?

GTLots are used by FXGT only for benchmarking, promotional, and marketing purposes.

They can act as a trading performance indicator, allowing the trader to find out, in a quick and simple way, exactly how much overall volume they are trading in their account.

GTLots can be used as a target or performance metric in promotions, campaigns, and competitions. For example, in a trading promotion, participants might be asked to trade X GTLots to be eligible.

Similarly, GTLots can be a trading requirement that needs to be maintained, e.g., a monthly trading volume of 5 GTLots, to be eligible for the FXGT VIP Services.

To learn more about GTLot, you can visit this page.

Does a GTLot replace a standard lot?

We created GTLots as a new method of measuring and comparing trading volumes across different instruments and asset classes. So, a GTLot does not substitute the traditional concept of lots / standard lots in any way.