Mini Lot
Trading BasicsA trade size of 10,000 units of the base currency, equal to one-tenth of a standard lot. One pip equals roughly $1 on EUR/USD.
What Is a Mini Lot?
A mini lot is 10,000 units of the Base Currency in a forex trade. It is one-tenth the size of a standard Lot (100,000 units). When you trade one mini lot of GBP/USD, you are controlling 10,000 British pounds.
Mini Lot Pip Value
For EUR/USD, one Pip on a mini lot is worth approximately $1. For GBP/USD, it is also close to $1. For USD/JPY, the pip value is roughly $0.67 (varies with the exchange rate). Use our Pip Value Calculator for exact values.
When to Use Mini Lots
Mini lots are popular with traders who have accounts between $1,000 and $10,000. They provide more precise position sizing than standard lots while still generating meaningful returns. For a $5,000 account risking 1% ($50) with a 25-pip Stop-Loss, you would trade 2 mini lots (25 pips x $1 x 2 = $50 risk). Our Position Size Calculator handles this math automatically.
Related Terms
Lot
The standard unit of trade size in forex. One standard lot equals 100,000 units of the base currency.
Micro Lot
A trade size of 1,000 units of the base currency, equal to one-hundredth of a standard lot. One pip equals roughly $0.10 on EUR/USD.
Nano Lot
A trade size of 100 units of the base currency, the smallest available lot size. One pip equals roughly $0.01 on EUR/USD.
Position Sizing
The process of determining how many lots or units to trade based on your account size, risk tolerance, and stop-loss distance. Proper position sizing ensures no single trade can cause catastrophic damage to your account.