PipDesk

Lot Size Calculator

Convert between standard, mini, micro, and nano lots and see the units traded.

Position Sizing

Standard lots

1

Units of base currency

100,000

Contract size

100,000 / lot

Lot typeEquivalent sizeUnits
Standard (1.0)1100,000
Mini (0.1)10100,000
Micro (0.01)100100,000
Nano (0.001)1,000100,000

1 standard lot = 100,000 units of the base currency for most FX pairs (100 oz for gold, 5,000 oz for silver). Use this to convert a size quoted in one lot type into any other.

How to use it

Using the Lot Size Calculator in 3 steps

  1. 1Enter the size you want to convert and choose which lot type it represents.
  2. 2Pick the instrument — contract size varies (100,000 units for most FX pairs, 100 oz for gold, 5,000 oz for silver).
  3. 3View the equivalent size in every other lot type, plus the exact units traded.

Why it matters

What this does for your trading

  • Clears up confusion when a strategy or signal quotes size differently than your platform.
  • Removes ambiguity when switching between brokers with different lot conventions.
  • A quick sanity check that your intended size matches what you'll actually execute.

Settings for this tool

What you can customize via Settings

  • Settings → Trading: Preferred lot type and Preferred pair pre-fill the starting size and instrument.
Settings →

FAQ

Lot Size Calculator — frequently asked questions