A lot is the smallest trade size available and is determined by the account type. FXCM offers standardized trade sizes and the lot determines the trade sizes available as well.
For example, with an FXCM Standard account, the lot size is 10,000 units of currency. Therefore, the smallest trade size is 10,000 units of currency. Additionally, Standard account holders can place trades of any size, so long as they are in increments of 10,000 units like, 20,000, 30,000, 100,000, 310,000, etc.
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