How Much Money is 1 Mini Lot in Forex? - Mini Lot Definition

The Mini forex account allows many retail forex traders to access the forex market because with this account forex traders can trade smaller forex lots referred to as Mini lots therefore the capital needed to open this Mini forex account is not a lot as that required for opening a standard forex account.

1 Mini lot is the equivalent of 10,000 units of the base currency.

The Mini lot is equal to one tenth of standard forex lot.