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November 19, 2016

Question:Is lot(contract) size different for each symbol on MT4 (MetaTrader4)?

Answer:

Yes, contract Sizes are different for each CFD symbol on HotForex MT4.

Here are the contract size of all financial instruments offered by HotForex.

1 lot size (Contract Size)

Forex Currency Pairs 100,000 units
Natural Gas 1,000 MMBtu
UKOil &USOil 100 Barrel
XAG (Silver) 1,000 ounces
XAU (Gold) 100 ounces
Coffee 37500 Lbs
Copper 25000 Lbs
Corn 5000 Bushels
Palladium 100 Troy Oz
Platinum 50 Troy Oz
Sugar #11 112000 Lbs
Wheat 5000 Bushels
Stock CFDs 100 shares
Index CFD 1 Index
The above contract sizes are subject to change by HotForex at anytime. (November 2016)

Contract sizes are very important when calculating margin requirements to trade them.

HotForex Official Website

For example

If you like to trade XAUUSD(Gold), then you may need to calculate the margin requirement with the below formula:

Notional Value*/100

Notional Value = Number of ounces* Current Market Price

For example if an account open 1 lot (or 100 ounces) of gold the required margin will be the following:

100 * 1585 /100 = $1585

The pip value for a 1 lot position is $1 per pip

The contract size directly affects the required margin for your positions.

You can find out how much margin is required open a position, in the Official Website.

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