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How Much Money is 1 Standard lot in Forex? - Standard Lot Definition

Standard accounts necessitate the use of Standard lots/contracts, consequently requiring substantially greater initial capital for opening this account type compared to what is needed to register for a Mini account.

1 Standard lot is equal to 100,000 units of the base currency.

Standard contract/lot is equivalent to one standard lot.

For Standard lot the pip value per trade is equivalent to $10

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