DEFINITION of 'Micro-Lot'

The equivalent to a contract for 1,000 units of the base currency in a forex trade. The base currency is the first currency in a pair, or the currency that the investors buys or sells. Trading in micro-lots enables traders to trade in small increments.


When an investor places an order for a micro lot, this means they have placed an order for 1,000 units of the currency being bought or sold. For example, in a USD/AUD currency pair, the U.S. dollar is the base currency.

Investors use micro-lot sizes when they prefer not to trade mini or standard lots. Ten mini lots is equal to 100 micro lots, which is equal to one standard lot.

  1. Micro Account

    A forex trade made up of contracts for 1,000 units of currency. ...
  2. Forex Market

    The market in which participants are able to buy, sell, exchange ...
  3. Forex Account

    The type of account a forex trader opens with a retail forex ...
  4. Forex - FX

    The market in which currencies are traded. The forex market is ...
  5. Authorized Forex Dealer

    Any type of financial institution that has received authorization ...
  6. Forex Mini Account

    A type of brokerage account that is used by beginner traders ...
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