---
title: "Standard lot - Meaning & GFN's Figure - Get Funded Now"
description: "100,000 units of the base currency - the full-size forex contract. On most dollar-quoted pairs it is worth roughly $10 per pip, which makes it the…"
url: "https://getfundednow.com/glossary/standard-lot"
language: "en"
last_modified: "2026-09-22"
publisher: "Get Funded Now (getfundednow.com)"
translations:
  es: "https://getfundednow.com/es/glossary/standard-lot"
  pt-BR: "https://getfundednow.com/pt-br/glossary/standard-lot"
  fr: "https://getfundednow.com/fr/glossary/standard-lot"
  it: "https://getfundednow.com/it/glossary/standard-lot"
  de: "https://getfundednow.com/de/glossary/standard-lot"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Trading mechanics

# Standard lot

100,000 units of the base currency - the full-size forex contract. On most dollar-quoted pairs it is worth roughly $10 per pip, which makes it the reference every other size is scaled from.

GFN’s figure

On a $10,000 GFN Instant account the 3% daily loss limit is $300 - 30 pips at one standard lot worth $10 per pip, before commission.

In detail

## Standard lot, explained

A standard lot is a large position on a small account. Ten pips against you is $100, which is a third of the daily allowance on a $10,000 account with a 3% limit.

Its usefulness is as a mental benchmark: price a trade at one standard lot first, then scale down to the size your stop distance and daily limit actually allow.

[The rule in full →](https://getfundednow.com/rules/margin-and-lot-size) · [Rules handbook](https://getfundednow.com/rules) · [More trading mechanics](https://getfundednow.com/glossary/category/mechanics)

Related

## Terms that come with it

Most rules only make sense next to the ones they interact with. These are the entries this one depends on.

- [Lot](https://getfundednow.com/glossary/lot) - The unit position size is measured in. One standard forex lot is 100,000 units of the base currency; mini and micro lots are one tenth and one hundredth of that.
- [Mini lot](https://getfundednow.com/glossary/mini-lot) - 10,000 units of the base currency, one tenth of a standard lot. On most dollar-quoted pairs it is worth about $1 per pip, which is the size most small evaluation accounts actually trade.
- [Micro lot](https://getfundednow.com/glossary/micro-lot) - 1,000 units of the base currency, one hundredth of a standard lot. Worth roughly $0.10 per pip on most dollar-quoted pairs, it is the smallest size most accounts can trade.
- [Pip](https://getfundednow.com/glossary/pip) - The standard unit of price movement in forex - 0.0001 for most pairs, 0.01 for yen pairs. A pipette is one tenth of a pip, which is why most quotes carry a fifth or third decimal place.
- [Position size](https://getfundednow.com/glossary/position-size) - How many lots a trade is placed in. It is calculated from the dollar amount being risked and the stop distance, not chosen first - which is the reverse of how most traders approach it.

Also governed by [/rules/margin-and-lot-size](https://getfundednow.com/rules/margin-and-lot-size)

[Margin](https://getfundednow.com/glossary/margin) · [Free margin](https://getfundednow.com/glossary/free-margin)

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Source: https://getfundednow.com/glossary/standard-lot
Facts about Get Funded Now in one file: https://getfundednow.com/llms.txt