What is a Micro-Lot?

A Micro-Lot is the smallest position size that can be traded.
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A Micro-Lot is the smallest position size that can be traded and is 1/10 the size of a mini lot and 1/100 the size of a standard lot. A micro-lot is equal to 1000 units of the base currency to be traded. The pip size for trading 1 micro-lot if trading EUR/USD would be $0.1 compared to $10 for a standard lot.

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