Choosing the right account type for you can help set you up for trading success. Let's review the account types to ensure you can make an informed decision. This is the original type of account in retail Forex. "Standard" refers to "Standard lot sizes." A Standard Lot equals 100,000 currency units, or $10 per pip if the quote currency is USD (e.g., EUR/USD). Buying or selling one Standard Lot means buying or selling 100,000 units of the base currency. If I buy one Standard Lot of EUR/USD, I buy 100,000 units of EUR as the base currency and sell USD as the counter or quote currency. If the ask or bid price of EUR/USD is $1.2000, 100,000 EUR will cost 120,000 USD. If the quote currency is not USD, for example, with USD/JPY, the quote currency is JPY, the value of one pip will depend on the Forex pair and its price. DailyForex's Pip Calculator can calculate the pip value automatically. What about margin ? If my leverage is 1:30, the margin requirement will be $...