A lot is the standard unit size of a transaction. Depending on the financial instrument traded, the lot size is determined, i.e. a standard lot traded at WB Trade for Forex trading usually consists of a contract size of 100,000 (units of the base currency). The contract size is then proportionate as per the lot indication – standard, mini or micro lot.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.