Micro lot
1,000 units of the base currency, shown as 0.01 lots and the smallest size at most brokers. On USD-quoted pairs one pip is worth about $0.10.
With real data
Pip value of 0.01 lot (USD account)
Calculated from price data up to 6 October 2026.
In practice
Micro lots are ideal for learning and for small accounts. 0.01 lots of EUR/USD is about $0.10 per pip, so even a 50-pip stop risks only around $5.
Thinking micro-lot trading is risk-free. Ten micro lots is a mini lot; adding positions quickly can still build a large exposure.
Related terms
Lot
A standardised position size. A standard lot is 100,000 units of…
Mini lot
10,000 units of the base currency, shown as 0.10 lots. On…
Nano lot
100 units of the base currency. Only some brokers offer it,…
Standard lot
100,000 units of the base currency, shown as 1.00 in most trading…
Account currency
The currency your trading account is held in. Profits, losses and…
Ask
The price at which the market will sell to you, so it is the price…