Do you offer trading in lots?
The following table provides information on trading units used across OANDA’s sub-accounts and compatible platforms:
v20 sub-account | v20 MT4 sub-account | OANDA One sub-account | |
OANDA platform | Units | Units | Lots |
MT4 platform | N/A | Lots | N/A |
MT5 platform | N/A | N/A | Lots |
How does trading in units work?
Instead of offering fixed trade sizes (lots), the v20 and v20 MT4 sub-accounts on the OANDA platform are designed so traders may place trades from as small as 1 unit of currency. 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.
How does trading in lots work?
MT4 and MT5 platforms offer trading in lots. Therefore when entering trades on MT4 and MT5 platforms, a standard lot is 1, a mini lot is 0.1, and a micro lot is 0.01