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.
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’.