What's a Standard Account in Forex Trading? - Standard Account Definition in Forex Trading

Standard Account Definition - the definition of a forex Standard account is an account type where forex traders open trades using Standard lots. 1 Standard lot is the equivalent of 100,000 units of the base currency.

The Standard forex account allows Standard lots therefore the capital needed to open this Standard forex account is a lot more than that required for opening a Mini forex account.

Standard lot is equivalent to one standard forex contract.

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