Lot Size Converter
Instantly convert between standard, mini, micro lots, and currency units.
Enter Value
⚡ Results update automatically as you type
Conversion Results
Per pip movement for your position size
*Approximate for USD quote pairs
Understanding Lot Sizes
Standard Lot
100,000 units of base currency. For EUR/USD, 1 standard lot = €100,000. Typically $10 per pip for USD pairs.
Mini Lot
10,000 units of base currency. 1/10th of a standard lot. Typically $1 per pip for USD pairs. Good for smaller accounts.
Micro Lot
1,000 units of base currency. 1/100th of a standard lot. Typically $0.10 per pip. Ideal for beginners and precise sizing.
📊 Lot Size Conversion Table
| Standard Lots | Mini Lots | Micro Lots | Units |
|---|---|---|---|
| 0.01 | 0.1 | 1 | 1,000 |
| 0.1 | 1 | 10 | 10,000 |
| 0.5 | 5 | 50 | 50,000 |
| 1.0 | 10 | 100 | 100,000 |
| 2.0 | 20 | 200 | 200,000 |
| 5.0 | 50 | 500 | 500,000 |
| 10.0 | 100 | 1,000 | 1,000,000 |
📐 Conversion Formulas
Mini Lots = Standard Lots × 10 Micro Lots = Standard Lots × 100 Units = Standard Lots × 100,000 = 5 Mini Lots
= 50 Micro Lots
= 50,000 Units
Frequently Asked Questions
What is a lot size in forex trading?
A lot is a standardized unit for measuring trade size in forex. The standard lot equals 100,000 units of base currency. Our lot size converter helps you convert between standard lots, mini lots, micro lots, and units instantly.
How do I convert between lot sizes?
Use these conversions: 1 Standard Lot = 10 Mini Lots = 100 Micro Lots = 100,000 Units. For example, 0.5 standard lots = 5 mini lots = 50 micro lots = 50,000 units. Our lot size converter calculates all conversions automatically.
Which lot size should I use for trading?
Choose based on your account size and risk management. Beginners should start with micro lots (0.01 standard) to limit risk. As a rule, risk no more than 1-2% of your account per trade. Use our Position Size Calculator to determine the appropriate lot size for your risk tolerance.
What is the difference between standard, mini, and micro lots?
Standard lot: 100,000 units (~$10/pip for USD pairs). Mini lot: 10,000 units (~$1/pip). Micro lot: 1,000 units (~$0.10/pip). The lot size determines your pip value and therefore your potential profit/loss per trade.
What is a nano lot in forex?
A nano lot is 100 units of base currency, or 1/1000th of a standard lot. Not all brokers offer nano lots. They're useful for extremely precise position sizing or very small accounts. Pip value is approximately $0.01 for USD pairs.
Why do forex brokers use different lot notations?
Some brokers show position size in standard lots (1.00 = 100,000 units), while others use mini or micro as the base. Always check your broker's lot notation in contract specifications. Our lot size converter helps you convert between any notation system.
Does lot size affect spread cost?
Yes, larger lot sizes mean higher spread costs in absolute terms. With a 1 pip spread: 1 standard lot costs ~$10, 1 mini lot costs ~$1, and 1 micro lot costs ~$0.10. The pip spread percentage remains the same regardless of lot size.
What is the minimum lot size I can trade?
This depends on your broker. Most brokers allow micro lots (0.01 standard lots = 1,000 units). Some offer nano lots (0.001 standard lots = 100 units). Check your broker's specifications for minimum trade sizes and lot step increments.
How does lot size affect pip value?
Pip value scales directly with lot size. For USD quote pairs: 1 standard lot = $10/pip, 1 mini lot = $1/pip, 1 micro lot = $0.10/pip. Use our lot size converter alongside the pip calculator to understand your potential profits and losses.
Can I use this lot size converter for MT4/MT5?
Yes! Our lot size converter works with MetaTrader 4, MetaTrader 5, cTrader, and all other trading platforms. The lot size standards are universal across forex platforms. Enter any value to convert between standard lots, mini lots, micro lots, and units.