What are the specifications for contracts and lot sizes?

What are the specifications for contracts and lot sizes?

Contract Specifications

To access the contract specifications for all symbols, follow these steps:

  1. On the Trading Platform:

    • Navigate to Market Watch.
    • Right-click on the symbol you are interested in.
    • Select Specification from the context menu.

  2. On the Mobile App:

    • Tap on the symbol you want to review.
    • Select Details to view the contract specifications.

  3. Contract Size Table:

    • For a comprehensive list of contract sizes per symbol offered by each broker, refer to the table located at the bottom of this article.

These methods will provide you with detailed information about contract sizes and specifications for all available symbols.

How to Calculate Pips and Leverage

Lot size limitations on the broker level are influenced by leverage and the simulated equity available in your account. Here's a guide to calculating the maximum number of lots you can trade based on leverage:

  1. Calculate Available Capital:

    • Formula: Available Capital=Account Simulated Equity×LeverageAvailable Capital=Account Simulated Equity×Leverage

  2. Determine Maximum Number of Lots:

    • Formula: Max Lots=Available CapitalContract SizeMax Lots=Contract SizeAvailable Capital​

  3. Pip Value:

    • For a standard lot size of 100,000 units, the pip value is $10. This is calculated as 100,000×0.0001=10 USD100,000×0.0001=10 USD

Examples:

Example 1:

  • Account: Virtual Funds $100K
  • Leverage: 1:40
  • Calculation:
    • Available Capital: $100,000 \times 40 = $4,000,000
    • Max Lots: $4,000,000 / 100,000 = 40 lots

Example 2:

  • Account: Virtual Funds $200K Rapid Swing
  • Leverage: 1:40
  • Calculation:
    • Available Capital: $200,000 \times 40 = $8,000,000
    • Max Lots: $8000,000 / 100,000 = 80 lots

Example 3:

  • Account: Virtual Funds $50K
  • Leverage: 1:40
  • Calculation:
    • Available Capital: $50,000 \times 40 = $2,000,000
    • Max Lots: $2,000,000 / 100,000 = 100 lots

Use these calculations to determine how many lots you can trade based on your account’s leverage and equity.


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