How Much Does a Forex Mini Lot Cost? - What Leverage Should I Use to Trade 1 Forex Mini Lot?

1 Mini Lot is equal to 10,000 units of base currency

To trade 1 Mini Lot in forex which is equal to 10,000 units of base currency will depend on the forex leverage that a trader is using to open forex trades.

For Example - Leverage 100:1

With leverage 100:1 a trader can borrow 100 dollars for every 1 dollar on their Mini Forex Account and use this leverage to trade with.

Therefore, to trade 1 Mini Lot using 100:1 leverage - 10,000 units of base currency divided by leverage 100:1 is equal to $100 dollars.

Therefore, a trader will need $100 to open a forex Mini lot - therefore 1 Mini lot will cost $100 dollars to trade using leverage 100:1.

Example 2 - Leverage 50:1

With leverage 50:1 a trader can borrow 50 dollars for every 1 dollar on their Mini Forex Account and use this leverage to trade with.

Therefore, to trade 1 Mini Lot using 50:1 leverage - 10,000 units of base currency divided by leverage 50:1 is equal to $200 dollars.

Therefore, a trader will need $20 to open a forex Mini lot - therefore 1 Mini lot will cost $200 dollars to trade using leverage 50:1.

Example 3 - Leverage 20:1

With leverage 20:1 a trader can borrow 20 dollars for every 1 dollar on their Mini Forex Account and use this leverage to trade with.

Therefore, to trade 1 Mini Lot using 20:1 leverage - 10,000 units of base currency divided by leverage 20:1 is equal to $500 dollars.

Therefore, a trader will need $50 to open a forex Mini lot - therefore 1 Mini lot will cost $500 dollars to trade using leverage 20:1.

Example 4 - Leverage 10:1

With leverage 10:1 a trader can borrow 10 dollars for every 1 dollar on their Mini Forex Account and use this leverage to trade with.

Therefore, to trade 1 Mini Lot using 10:1 leverage - 10,000 units of base currency divided by leverage 10:1 is equal to $100 dollars.

Therefore, a trader will need $1000 to open a forex Mini lot - therefore 1 Mini lot will cost $100 dollars to trade using leverage 10:1.