After opening the gold order placement window, the trading volume cannot be filled in without limits. Platforms usually set the minimum and maximum trading lots for a single transaction. Understanding this range helps users figure out why certain trading volumes can be submitted while others trigger invalid prompts.
I. What is the minimum lot size at Lucky Gold
The minimum trading volume for London Gold at Lucky Gold is 0.01 lot. One standard lot equals 100 ounces, so 0.01 lot corresponds to approximately 1 ounce. This is the small-lot trading unit offered by the platform.
II. What is the maximum lot size per single order
The maximum single-trade volume for both London Gold and London Silver at Lucky Gold is 10 lots.
For London Gold: 1 lot equals 100 ounces. 5 lots equal 500 ounces. 10 lots equal 1000 ounces.
The maximum limit of 10 lots refers to the upper trading volume cap for a single order.
III. Is the maximum per single order the same as total open positions?
No.
Lucky Gold’s current trading rules specify a minimum of 0.01 lot and maximum of 10 lots per single order, with no upper limit set for total open positions.
In other words, the 10-lot restriction applies to an individual trade. Users need to distinguish between "trading volume per single order" and "the total existing positions in the account".
IV. Why cannot larger numbers be submitted when entered in MT5
The available trading volume in MT5 depends on the parameters configured for the corresponding instrument on the trading server. When users enter a trading volume exceeding the permitted range, the order cannot be submitted through the normal process.
Therefore, given that the maximum single order for Lucky Gold London Gold is 10 lots, numbers beyond this range should not be entered directly in the volume field of one order.
V. What is the difference between 0.01 lot and 10 lots
There is a 1000-fold difference between them.
Based on the specification of 100 ounces per lot for London Gold: 0.01 lot corresponds to approximately 1 ounce. 10 lots correspond to 1000 ounces.
Thus, even if the figure in the software only changes from 0.01 to 10, the actual trading scale is completely different.
VI. How to avoid input errors when placing orders
The simplest method is not to rely on the trading volume retained from the previous order. Reconfirm the lot size every time you open the order window.
Particularly when switching from a demo account to another account, or right after completing an order with a large lot size, you should check whether the volume field still retains the old value.
Lucky Gold supports a range from 0.01 lot up to 10 lots per single order, offering users various lot options. Nevertheless, the final volume entered should be determined based on personal trading plans.