There are four categories of lot sizes for traders. These are:

  1. Standard lot
  2. Mini lot
  3. Micro lot
  4. Nano lot

We at IGM Forex Ltd offer Standard lot, Mini lot, Micro Lot

A standard lot is defined as 100,000 units of the base currency. So, as an example, when you buy 1 standard lot of EUR/USD, you are purchasing 100,000 Euro with U.S. dollars. Which represents $10 a Pip when using EUR/USD A mini lot is defined as 10,000 units of the base currency. So, as an example, when you buy 1 mini lot of EUR/USD, you are purchasing 10,000 Euro with U.S. dollars. Which represents $1 a Pip when using EUR/USD

A micro lot is defined as 1,000 units of the base currency. So, as an example, when you buy 1 Micro lot of

EUR/USD, you are purchasing 1,000 Euro with U.S. dollars. Which represents $0.01 a Pip when using EUR/USD

The lot size decreases by a factor of 10 from standard, to mini, to micro, and finally to nano, as shown in the table below.

Lot Size Category             Number of Units     

Standard                           100,000

Mini                                     10,000

Micro                                    1,000

Nano                                       100