Forex lot size converter
Turn any trade size into standard, mini, micro and nano lots and units, and see the trade's value and what one pip is worth. Free, no sign-up, nothing leaves your browser.
- 1Type in your own numbers
- 2The tool works it out
- 3See the answer clearly
The starting price is only an example. This is a converter, not advice: trading on margin can lose more than you put in.
The common lot sizes
In forex trading, a lot is a set amount of currency you trade in one go. A standard lot is 100,000 units of the base currency, a mini lot 10,000 units, a micro lot 1,000 units, and a nano lot, offered by some brokers, 100 units.
How lot size changes a pip
For a pair like EUR/USD, where a pip is 0.0001, one pip on a standard lot is worth about 10 US dollars, on a mini lot about 1 dollar, and on a micro lot about 10 cents. The same price move costs or earns ten times more with each step up in lot size, and leverage makes losses grow just as fast as gains.
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SendPay does not offer forex trading, lots or leverage. SendPay platforms include multi-currency accounts and currency exchange for payments, where the platform owner sets their own exchange fee.