What's a Mini Lot in Forex for Mini Account? - Definition of Lot Size for Mini Lots

Definition of What's the Lot Size for Forex Mini Lots

1 Mini lot is the equivalent of 10,000 units of the base currency - Lot size for Mini lots is therefore 10,000 units of base currency

The Mini lot is equal to one tenth of standard forex lot. The Mini lot volume in trading is therefore specified as 0.1 on forex trading platform.

To Specify a Mini Lot for trading in MetaTrader 4 forex Platform, use the MT4 open forex orders tutorial described below:

To set these Mini lots forex orders in MetaTrader 4 Platform: open MetaTrader 4, open a "forex chart", right click on "forex chart', choose "New Order", then choose order either sell or buy as shown below. (Short Cut Keys - Press F9). Select The Currency Symbol you want to trade for example EURUSD and then below the currency Symbol, Select trade 'Volume' as 0.1 to specify Mini Lot.

How to Open a Forex Mini Lot on MT4 Mini Forex Account

For Mini lot the pip value per trade is equal to $1

Forex Mini Account Definition - the definition of a forex Mini account is an account type where forex traders open trades using Mini lots. 1 Mini lot is the equivalent of 10,000 units of the base currency.

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.