1 standard lot is 100,000 euros. Each pip (0.0001) is worth £10 per lot; the calculator converts it to your account currency.
Position size
0.00 lots
Exact lot size —
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| Size | Lots | Units | Pip value |
|---|---|---|---|
| Standard | 1.00 | 100,000 | 10.00 GBP |
| Mini | 0.10 | 10,000 | 1.00 GBP |
| Micro | 0.01 | 1,000 | 0.10 GBP |
EURGBP: 1 pip = 0.0001 in price. Values in GBP, the currency it is quoted in; the calculator converts them to your account currency.
Specification checked on (standard in MT4 and MT5).
A $10,000 account, 1% risk ($100) and a stop 15 pips away. Each pip is worth 10.00 GBP per lot, so the stop costs 150.00 GBP per lot: 100 ÷ 150.00 = 0.66 lots.
On EURGBP, 1 pip is a move of 0.0001 in the price. With 1 lot (contract size 100,000) it is worth £10; with 0.10 lots, £1, and with 0.01 lots, £0.10. As EURGBP is quoted in GBP, the calculator converts it to your account currency at the ECB exchange rate.
With a 15-pip stop, each lot loses £150. To risk £100: 100 ÷ 150.00 = 0.6667 lots, which rounded down to the 0.01 step is 0.66 lots.
At almost every MT4 and MT5 broker it is 0.01 lots (a micro lot), that is 1,000 EUR, and each pip is worth £0.10 at that size.
For retail clients in the EU, ESMA caps EURGBP at 1:30. At a price of 0.86000, 1 lot controls £86,000 and needs about £2,867 of margin.