XM Lot Size Explained — 1 Lot, 0.1 Lot and 0.01 Lot (with Cashback per Size)
Short answer: on XM, 1 standard lot of a Forex pair is 100,000 units of the first currency, and 1 lot of Gold (XAUUSD) is 100 ounces. 0.1 lot is one tenth of that and 0.01 lot — the smallest size — is one hundredth. On pairs quoted in USD such as EURUSD, a one-pip move is worth about $10 per lot, $1 at 0.1 lot and $0.10 at 0.01 lot. Cashback scales the same way: with partner code CBT90, 1 lot of Gold returns $9.00, 0.1 lot returns $0.90 and 0.01 lot returns $0.09.
What is a lot on XM?
A lot is the unit XM uses to measure the size of a trade. Instead of typing "100,000 euros" or "100 ounces of Gold", you choose a lot size, and the platform converts it into the contract amount for that instrument. Everything that depends on size — how much each price move is worth, the spread you pay, and the cashback you get back — is quoted per lot.
| Lot size | Common name | Forex pair (e.g. EURUSD) | Gold (XAUUSD) |
|---|---|---|---|
| 1.00 | Standard lot | 100,000 units of the base currency | 100 oz |
| 0.10 | Mini lot | 10,000 units | 10 oz |
| 0.01 | Micro lot (smallest size) | 1,000 units | 1 oz |
"Micro lot" here means the 0.01 trade size. It is not the same thing as XM's Micro account, which is an account type with its own contract specifications — if you trade on a Micro account, check the contract size shown in your platform.
What is 1 pip worth per lot?
A pip is the standard unit of price movement — the fourth decimal on most pairs (0.0001), the second on JPY pairs. On pairs where the US dollar is the second currency (EURUSD, GBPUSD, AUDUSD, NZDUSD), the value is simple:
| Lot size | 1 pip on EURUSD | 10 pips on EURUSD |
|---|---|---|
| 1.00 lot | about $10 | about $100 |
| 0.10 lot | about $1 | about $10 |
| 0.01 lot | about $0.10 | about $1 |
On other pairs the pip value moves with the exchange rate, so treat the figures above as a rule of thumb for USD-quoted pairs only. XM's platform shows the exact value before you place the order.
What is 1 lot of Gold worth per move?
Because 1 lot of XAUUSD is 100 ounces, every $0.01 change in the Gold price is worth $1.00 per lot, and a $1.00 change is worth $100 per lot. At 0.01 lot (1 oz), the same $1.00 move is worth $1. This is why Gold positions feel bigger than Forex positions of the same lot size — and why lot size is the first thing to get right when you trade it.
How much cashback does each lot size earn?
CashBackXM cashback is a fixed amount per lot, so it scales exactly with your trade size — from the smallest 0.01 lot, with no cap. Rates for accounts opened with partner code CBT90:
| Symbol (account) | 1.00 lot | 0.10 lot | 0.01 lot |
|---|---|---|---|
| GOLD / XAUUSD (Standard) | $9.00 | $0.90 | $0.09 |
| BTCUSD (Standard) | $10.60 | $1.06 | $0.106 |
| GBPUSD (Standard) | $5.30 | $0.53 | $0.053 |
| EURUSD (Standard) | $4.80 | $0.48 | $0.048 |
| GOLD# (Ultra Low) | $3.70 | $0.37 | $0.037 |
| EURUSD# (Ultra Low) | $1.80 | $0.18 | $0.018 |
Cashback is counted on closed volume, not on the number of trades. Ten trades of 0.1 lot and one trade of 1 lot both add up to 1 lot — $9.00 on Gold either way. Rates for every pair are on the rates table, and Gold is covered in detail in XM Gold cashback.
Worked example: small lots add up
A trader who closes 0.5 lot of Gold twice a day, on 20 trading days, has traded 20 lots in the month. On a Standard account under CBT90 that is $180 credited to MyWallet over the month — win or lose on the individual trades. The same volume on EURUSD returns $96. This illustrates how volume adds up; it is not a forecast of what you will trade or earn. Try your own volume in the cashback calculator.
Which lot size should you use?
Lot size decides how much money each price move is worth, so it is a risk decision first, not a cashback decision. Cashback never makes a larger position safer: it returns part of your trading cost, but a $1.00 move against a 1-lot Gold position is still $100. Many traders size each position so that the distance to their stop-loss risks only a small share of the account, and start at 0.01 lot while they learn how an instrument moves. Trade the size that fits your plan — cashback will follow whatever volume you trade.
How to get cashback on every lot
- Open an XM account with partner code CBT90. Step-by-step guide →
- Choose Standard for the higher per-lot rate, or Ultra Low for tighter spreads — compared in Standard vs Ultra Low cashback.
- Trade any lot size from 0.01. Cashback for each closed lot is credited to your MyWallet the next day.
CashBackXM is an independent cashback service and an official XM partner (code CBT90). We are not XM and never hold your funds; XM credits the cashback directly to your own MyWallet. Trading CFDs on leverage carries a high risk of loss. Cashback lowers your cost per lot but does not change the risk of any trade.
Cashback on every lot, from 0.01.
Open your XM account under official XM partner code CBT90 — $9 per lot of Gold, credited to your MyWallet the next day.
XM lot size — questions traders ask
How much is 1 lot on XM?
1 standard lot is 100,000 units of the base currency on a Forex pair (for EURUSD, 100,000 euros) and 100 ounces on Gold (XAUUSD). 0.1 lot is one tenth of that and 0.01 lot is one hundredth.
What is 0.01 lot of Gold on XM?
0.01 lot of XAUUSD is 1 ounce of Gold. A $1.00 move in the Gold price is worth about $1 at that size. With partner code CBT90 on a Standard account, each 0.01 lot of Gold earns $0.09 cashback.
How much is 1 pip worth on XM?
On pairs quoted in US dollars, such as EURUSD or GBPUSD, 1 pip is worth about $10 per standard lot, $1 at 0.1 lot and $0.10 at 0.01 lot. On other pairs it varies with the exchange rate; the platform shows the exact value.
Do I get cashback on 0.01 lot trades?
Yes. Cashback starts at 0.01 lot and scales exactly with volume: $0.09 per 0.01 lot of Gold and $0.048 per 0.01 lot of EURUSD on a Standard account under CBT90. There is no minimum and no cap.
Is cashback counted per trade or per lot?
Per lot of closed volume. Ten trades of 0.1 lot earn the same cashback as one trade of 1 lot — $9.00 on Gold on a Standard account.