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Mini lot

A mini lot is 0.1 lot, or 10,000 units of the base currency. On a dollar-quoted pair, one pip is worth about $1.

The mini lot sits between the standard lot and the micro lot. On your platform it shows as 0.10. It represents 10,000 units: 0.1 lot of EUR/USD means €10,000 exchanged against dollars.

On EUR/USD or GBP/USD, each pip is then worth roughly $1. A 40-pip move against you costs about $40, which makes it a common size for accounts of a few thousand.

Don't be fooled by the name: a mini lot is still a leveraged position. At 30:1 leverage, it ties up about €360 of margin on EUR/USD near 1.08, for exposure of almost $11,000.

The full lessonLots in trading: standard, mini, micro and nanoStandard lot of 100,000 units, mini lot, micro lot, nano lot: understand how lot size drives pip value and your risk, with worked examples to double-check.← Full glossary