Lot converter
A lot is the size of a trade. One standard lot is 100,000 units of the base currency. This converter turns any lot size into units and shows what one pip is worth.
Rates for pegged currencies are fixed. Edit the rate for others.
Lot converter
Lots, units and what a 1-pip move is worth.
Units of base currency–
Lot type–
1 pip on a USD pair–
How to use it
- Type a lot size, for example 0.10.
- Read the units and the lot type.
- Check the one-pip value on a USD pair to judge whether the size fits your account.
Questions, answered plainly.
How many units is a mini lot?
A mini lot is 0.10 lot, which is 10,000 units of the base currency.
What is the smallest lot I can trade?
Most brokers allow 0.01 lot, a micro lot of 1,000 units, worth about 0.10 dollars per pip on EUR/USD.
Which lot size should a beginner use?
Start with micro lots on a small account and let the position size calculator decide, not a guess.