Lot
A standardized trade size. In forex a standard lot is 100,000 units of the base currency.
Why Lot Matters
Understanding Lot helps you compare brokers on accounts & trading and avoid surprises. It's one of the details our reviews check so you can judge a broker on evidence, not marketing.
Example of Lot
When you read a MyTradingReviews listing, Lot is one of the data points we verify and display — so you can see exactly how each broker handles it before you open an account.
Compare how each broker handles lot in our independent broker reviews and the comparison tool.
Definitions follow one published methodology — verified data, real accounts and dated evidence, not marketing. When a broker changes its terms, the reviews change with it.
Related Terms
Trading with borrowed capital, e.g. 1:500 means controlling $500 for every $1 of your own money. It amplifies both profits and losses.
The collateral you must set aside to open a leveraged position.
A broker's warning that your account equity has fallen too low to support open positions; positions may be closed automatically.
An account with spread-only pricing (no separate commission), suited to most retail traders.