Lots and units
A lot is the unit of trade size. One lot is not the same number of units on every account type, so the same size produces different P&L.
One lot by account type
STANDARD and PRO: one lot is 100,000 units. Micro: one lot is 1,000 units. The minimum size on both is 0.01 lots — 1,000 units on STANDARD and PRO, 10 units on micro.
The same word, one lot, covers a hundredfold difference in units — and in what a pip is worth.
What one pip is worth
On USDJPY, one pip is 1,000 JPY on 100,000 units and 10 JPY on 1,000 units. Starting at 0.01 lots lets you feel the movement at a small figure.
Size sets the margin
One lot of USDJPY at 150.00 is a 15,000,000 JPY position. At 1000:1 that needs 15,000 JPY of margin; 0.1 lots needs a tenth of it.
Prove it small first
A micro account moves in 10-unit steps, which makes it the right place to check how orders and closes actually behave with real money.
This page explains our trading conditions and is not a recommendation to trade. Margin trading carries the risk of losing your invested capital.
Getting started is simple
Opening an account is free and the application is completed online in 3 to 5 minutes.
Foreign exchange trading carries the risk of losing your invested capital, and higher leverage increases that risk. Please consider the risks carefully and trade only within a range of loss you can bear.
Past performance neither indicates nor guarantees future results.
This website is not directed at residents of Japan. AXIA PHOENIX FINE PROJECT does not provide services to residents of certain jurisdictions, including the United States, Afghanistan, Belarus, Burma, the Central African Republic, Congo, Cuba, Egypt, Guinea, Iraq, Iran, Lebanon, Libya, Mauritius, North Korea, Pakistan, Somalia, Sudan, Syria, Venezuela, Yemen and Zimbabwe.