1 standard lot is 100,000 dollars. Each pip (0.0001) is worth 10 Canadian dollars per lot; the calculator converts it to your account currency.
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0.00 lots
Exact lot size —
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| Size | Lots | Units | Pip value |
|---|---|---|---|
| Standard | 1.00 | 100,000 | 10.00 CAD |
| Mini | 0.10 | 10,000 | 1.00 CAD |
| Micro | 0.01 | 1,000 | 0.10 CAD |
USDCAD: 1 pip = 0.0001 in price. Values in CAD, the currency it is quoted in; the calculator converts them to your account currency.
Specification checked on (standard in MT4 and MT5).
A $10,000 account, 1% risk ($100) and a stop 20 pips away. Each pip is worth 10.00 CAD per lot, so the stop costs 200.00 CAD per lot: 100 ÷ 200.00 = 0.50 lots.
On USDCAD, 1 pip is a move of 0.0001 in the price. With 1 lot (contract size 100,000) it is worth CA$10; with 0.10 lots, CA$1, and with 0.01 lots, CA$0.10. As USDCAD is quoted in CAD, the calculator converts it to your account currency at the ECB exchange rate.
With a 20-pip stop, each lot loses CA$200. To risk CA$100: 100 ÷ 200.00 = 0.5000 lots, which rounded down to the 0.01 step is 0.50 lots.
At almost every MT4 and MT5 broker it is 0.01 lots (a micro lot), that is 1,000 USD, and each pip is worth CA$0.10 at that size.
For retail clients in the EU, ESMA caps USDCAD at 1:30. At a price of 1.40000, 1 lot controls CA$140,000 and needs about CA$4,667 of margin.