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Instead of offering fixed trade sizes (lots), the OANDA platform is designed so traders may place trades from as small as 1 unit of currency. Thus, OANDA does not differentiate between standard, mini or micro accounts. One unit is equal to one of the base currency in a currency pair.
For example, one unit of USD/CHF is equal to one dollar and one unit of EUR/USD is equal to one Euro. Using units means you are not required to round your position size to a lot, mini lot, or micro lot.
If you are accustomed to trading in lots, the relationships are as follows:
1 standard lot = 100,000 units
1 mini lot = 10,000 units
1 micro lot = 1,000 units.
Unlike OANDA platform, the MT4 platform does trade in lots.
Therefore when entering trades on MT4, a standard lot is 1, a mini lot is 0.1, and a micro lot is 0.01
Still have questions? Chat with an agent.
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| © 1996 - 2023 OANDA Corporation. All rights reserved. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. All other trademarks appearing on this website are the property of their respective owners.<![CDATA[]]> OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.<![CDATA[]]> Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circ*mstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section. OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. More Information is available using the NFA Basic resource. On this website, we provide translated content for your convenience. In case of any inconsistency or discrepancy between the original English content and its translated versions, the English version shall prevail. |
