You can open mini lots (0.10 lot) and micro lots (0.01 lot) at Pips Markets, in addition to standard lots (1.00 lot), depending on the instrument and margin available in your account.
If you want to calculate your margin before opening a position, you can use any standard online Forex margin calculator.
When using a calculator, always make sure you enter the correct contract size (“Units”) for the symbol. On the TradeLocker platform, you can find this information by clicking on a symbol and selecting “Details”.
Below are some helpful formulas for margin and lot size calculations:
Maximum lot size
(Balance×Leverage)÷(Symbol Price×Contract Size)=Max Lot Size
Margin required
(Contracts×Symbol Price)÷Leverage=Margin required
Margin required
((Lot Size×Contract Size)×Symbol Price)÷Leverage=Margin required
These formulas can help you estimate how many lots you can open and how much margin will be used for a given trade.