Mini-Lot

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DEFINITION of 'Mini-Lot'

A currency trading lot size that is 1/10 the size of the standard lot of 100,000 units. One pip of a currency pair based in U.S. dollars is equal to $1 when trading a mini-lot, compared to $10 for a standard-lot trade. Mini-lots are available to trade if you open a mini-account with a forex dealer.

INVESTOPEDIA EXPLAINS 'Mini-Lot'

Mini-accounts are not limited to only trading with one mini-lot at a time. To make an equivalent trade to a one standard-lot, a trader can trade 10 mini-lots. By using mini-lots instead of standard-lots, a trader can customize the trade, and have greater control of their risk exposure.

RELATED TERMS
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  2. Micro Account

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  3. Standard Lot

    The equivalent to 100,000 units of the quote currency in a forex ...
  4. Forex - FX

    The market in which currencies are traded. The forex market is ...
  5. Lot

    In general, any group of goods or services making up a transaction. ...
  6. Pip

    The smallest price change that a given exchange rate can make. ...
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