Brokers With The Highest Lot Size - Are There Any With Unlimited?
A lot size is a standard unit for measuring the volume of trade size. In forex trading, a standard lot is equivalent to 100,000 units of the base currency in a trade. There are three other lot sizes commonly used when trading. These include mini-lots and micro-lots. A mini lot is 10 times smaller than a standard lot while a micro lot is 100 times smaller than a standard lot. Finally, a nano lot is 1,000 times smaller than a standard lot.
Needless to say, the lot size of trade directly affects the impact market movements have on your account balance. Specifically, the larger the lot size, the higher the potential profits and losses. In this piece, we are going to look at some brokers with the highest lot sizes. We will try to see if there are any with unlimited lot sizes.
About Lot Sizes?
When you place orders on your trading platform, orders are placed in sizes quoted in lots. Lots are subdivided into four sizes: standard, mini, micro, and nano. This helps to give traders more control over the amount of exposure they have. The greater the lot size the more money you will need in your account to control trades.
Needless to say, not all traders will have the funds to control large trade sizes. This is where an important tool in trading comes in. Leverage allows traders to invest using borrowed money. When using leverage, traders only need to fund a small portion of the order and the broker lends them the rest of the money needed.
Although leverage does not increase lot size, it allows a trader to have a greater pool of funds since the greater the lot size the more money you will need to put down. Hence leverage plays a significant role in determining the size of the lot a trader can get. So, are there any brokers with unlimited lot sizes? Let's find out.
Are There Any Brokers With Unlimited Lot Sizes?
We scoured many corners of the internet to try to answer this question. After the research, we found only one reputable broker that could be regarded as a broker that has an unlimited lot size.
FXCM does not have limits on the maximum exposure a client gets so this means there is no limit on the lot size. However, there is a maximum limit per order. FXCM allows traders to place orders as large as 50 million per trade for forex pairs. Some pairs might have a lower limit and a popup appears to inform traders allowing them to confirm the limit. On top of that, traders outside the EU receive one of the highest leverages at 1:1000.
Notably, this broker site allows traders to invest in a variety of global markets. These include forex, indices, shares, and commodities. The trading platforms available to choose from include Trading Station and MetaTrader 4. Further, the spreads for trading on this broker site are fairly low starting from 1.0 pips for major currency pairs.
FXCM is regulated by multiple reputable organizations from different jurisdictions. Specifically, the broker operates under the supervision of the FCA, the FSCA, the CySEC, and the ASIC. The company also has over 20 years in the market which is noteworthy.
Is That All?
Unfortunately, we couldn’t find any other broker with an unlimited lot size. Even if there are any, they are not reputable enough to form a reputation among traders. Either way, it does not make much sense to look for a broker with an unlimited lot size. There are other far more important factors to look at before selecting a broker to invest with. Moreover, if you have a large enough leverage, then you can still control fairly large trade positions.
Some of the factors to look at before selecting a broker include:
- The credibility of a broker - The credibility of a broker mainly relies on its regulatory status.
- Spreads and other fees - Needless to say, the broker of your choice should feature competitively low fees to allow traders to maximize their returns.
- Leverage level - Note that leverage is an important tool but has its downsides. Nonetheless, traders always want to know they have a reasonably high leverage in case they need it.
- Availability of assets - Traders prefer brokers with a deep collection of trading instruments so that they can diversify their investments all from one location.
- Advanced trading platform - As financial markets are fast-moving, traders prefer brokers that provide fast-execution trading platforms. The fastest-order execution brokers are very popular among investors.
With that said, let's take a look at some reputable brokers with some of the highest lot sizes in the market.
IC Markets says on its website that there are no limits or restrictions on trade sizes. However, a post on their official site from 2014 says that the maximum lot size available for brokers is 1,000. Whether you receive an unlimited lot size or 1,000 lots, you are still in a position to control enormous positions. Moreover, traders receive one of the highest maximum leverages when using this broker site. The leverage sits at 1:500 for clients outside the EU and only 1:30 in the EU.
Notably, traders can invest in more than 2,250 different assets. The market offered by the broker ranges from forex, indices, commodities, futures, stocks, bonds, and many more. The variety attracts traders who want to diversify their investments. Traders can invest using several trading platforms including MetaTrader 4, MetaTrader 5, and cTrader. These platforms combine high-performing speeds with deep liquidity and provide clients with an advanced trading solution.
Further, IC Markets offers two main trading accounts, the raw spread account, and the standard account. The standard account has spread as low as 0.6 pips for major currency pairs with no commission. On the other hand, the raw spread account features spread as low as 0.0 pips for major currency pairs with a small commission of $3.5 per lot per side. There is also an Islamic account for Muslim traders where interest fees will not be debited or credited.
IC Markets does not disappoint when it comes to regulations. The broker has licenses from reputable organizations in the market. These include the CySEC in Cyprus and the ASIC in Australia. These regulations help to safeguard client's interests and ensure fair trading conditions.
Exness offers a fairly high maximum lot size of 200. What's more, the broker has an unlimited leverage that does not limit a trader on the position they can control. Exness has licenses and is regulated by top regulators in the market. The broker is regulated by CySEC in Cyprus, the FSCA in South Africa, and the FCA in the UK with this kind of regulation Exness stands out among its competitors.
Further, Exness has several accounts to choose from. They include two standard accounts one of which is standard and the other is the standard cent account. Both the accounts are spread-based and feature spreads as low as 0.3 pips with no commission. There are also three professional accounts with spreads as low as 0.0 pips for major currency pairs and each has a different commission structure.
Additionally, Exness provides its clients with a wide range of trading instruments. Specifically, clients can trade various global markets including forex, stocks, indices, metals, energies, and cryptocurrencies. The diversity helps traders spread their risk across the various global markets.
Exness offers world-class trading platforms for traders to choose from that are easy to use for all types of traders. The trading platforms offered by Exness include MetaTrader 4, MetaTrader 5, Exness Terminal, and Exness trading app. This gives clients the freedom to choose the best platform that suits their needs.
Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.
Pepperstone is one of the reputable brokers with a high lot size. The broker has a maximum lot size of 100 lots. However, the maximum lot size varies depending on the instrument an investor is trading. Traders can invest in forex, indices, commodities, shares, ETFs, and many more. These instruments are available in a variety of market-standard trading platforms offered by Pepperstone including MT4, MT5, TradingView, and cTrader. Notably, Pepperstone offers some of the fastest order execution speeds in the market with no dealing desk. Most orders are executed in under 30 milliseconds or under 60 milliseconds depending on the branch of the broker a trader uses.
There are two accounts a trader can choose from; the razor and the standard account. The spreads depend on the type of account a trader uses. The standard account features spreads as low as 1.0 pips for major currency pairs with no commission. In contrast, the razor account has spreads that start as low as 0.0 pips with a small commission depending on the platform a user chooses. The commission on the MetaTrader platforms sits at $3.5 per side per lot and it sits at $3 per side per lot for cTrader and TradingView traders.
Regulations are essential when choosing a broker and Pepperstone does not disappoint. The broker has licenses from several reputable organizations in the market. These include the CySEC in Cyprus, the ASIC in Australia, the FCA in the UK, and the CMA in Kenya. This suggests that traders can expect fair trading conditions. The maximum leverage a trader can enjoy varies depending on the jurisdiction. In the EU, the maximum sits at 1:30 while outside it is fairly higher at 1:400.
74.6% of retail CFD accounts lose money
The broker offers the possibility to trade with micro or standard lots. When trading standard lots, traders have a maximum lot size of 50 lots per position. Additionally, XM offers some of the highest leverage in the market of up to 1:1000. This means that traders can still control fairly large positions with this broker site.
Traders on XM can start trading on various trading instruments including forex, cryptocurrencies, stock, indices, shares, and commodities. There are several platforms available for trade on XM. These include the MT4, WebTrader, and MT5. XM offers some of the tightest spreads in the market. The spread offered by the broker starts from as low as 0.6 pips for major currency pairs on the XM Ultra Low account.
Closing out on this broker, let’s look at its regulations. The company’s activities are supervised by the FCA in the UK, the CySEC in Cyprus, and the ASIC in Australia, and with such regulations, traders can get a sense of safety when trading.
72.89% of retail investor accounts lose money when trading CFDs with this provider.
FP Markets has a maximum lot size of 50 lots that traders can use. While the broker doesn’t have unlimited lot size, it has deep liquidity as an ECN broker. On top of that, it has a fairly high leverage of 1:500 outside the EU. In the EU, the maximum leverage is only at 1:30. Positively, the broker operates under the supervision of several reputable organizations in the market. The broker has regulations from ASIC in Australia, the CySEC in Cyprus, and FSCA in South Africa.
FP Markets traders have access to over 10,000 global markets instruments that include forex, indices, commodities, stock, and crypto. These instruments are available on their market standard trading platforms. They include WebTrader, MetaTrader 4, MetaTrader 5, IRESS, and cTrader. The broker also allows traders to use Expert Advisors in trading.
FP Markets offers two account types for traders to choose from. They include the standard and the raw account. The standard account has a low spread from 1.0 pips with no commission for major currency pairs. On the other hand, the raw account has spreads as low as 0.0 pips with a small commission of $3 per lot per side.
73.85% of retail CFD accounts lose money
When choosing a lot size you should consider the risk you want to take. The greater the lot size the more money you will need to put down or leverage. However, it may not make much sense to only look for a broker that offers a high lot size. There are other important factors that play a bigger role.
As such, traders should do a lot of research when looking for the highest lot sizes in the market. The brokers we have listed here have competitive spreads, are regulated, have a variety of trading instruments, and have industry-standard trading platforms. Since we have listed only a few brokers with the highest lot sizes, our list may not be exhaustive. Hence we advise traders to do their analysis and find the best broker that better suits their needs.