Lot has a particular significance in relation to IG's platform. Here, we define lot in general investing and explain what it means to you when trading with IG.
A lot is a standardised group of assets that is traded instead of a single asset.
Often, the actual value of an asset or security means that trading a single unit of it isn’t viable. In these cases, traders will use a lot: a set amount of a particular asset that is the amount you buy or sell with each transaction. It means that investors have a standardised contract and always known how much of an asset they are trading when they open a position.
IG uses lots when CFD trading, where a single contract can be equal to a larger amount of the underlying asset.