Lot / Unit Converter

A lot is the standardised trade-size unit in forex: a standard lot is 100,000 units of the base currency, a mini lot is 10,000 units, a micro lot is 1,000 units, and a nano lot — offered by some brokers for very small accounts — is 100 units. Quoting position size in lots rather than raw units gives traders and brokers a common, comparable unit regardless of the currency pair being traded. Smaller lot sizes exist specifically so traders with smaller accounts, or those who want finer control over risk, can size a position precisely rather than being forced into 100,000-unit increments. A trader risking a small account on a tight stop-loss, for example, may need a fraction of a standard lot to keep the dollar risk sensible — micro and nano lots make that possible. Converting between these tiers is simple division: the number of lots at any tier is the raw unit size divided by that tier's unit count (100,000 for standard, 10,000 for mini, and so on).