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?

GTLot is an innovative unit, we created for measuring and benchmarking the trading volume of our live trading accounts across all CFD instruments and asset classes. We wanted to unify the diversity of contract sizes, denomination, and nominal value of all available CFD instruments, including Cryptos, into a single standardized unit.

It works by converting the overall trading volume of an account to USD and standardizing 1 GTLot to equal to 100,000 USD of trading volume. 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?

We created GTLots for benchmarking, promotional and marketing purposes.

GTLots can act as a trading performance indicator on the participants dashboard, allowing traders a quick and simple way of knowing how much overall volume they are trading.

GTLots are also a target or performance metric in promotions, campaigns, and competitions. For example, in a trading promotion, participants might be asked to trade a specific amount of GTLots to be eligible to participate and win a prize.

For more information, 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.