Cant place trades on US500 - mt4. And indicies Lot sizes

[PipsSnatcher]

Recently I decided to add US500 to my watchlist but when I try to place an order on my MT4 It’s not letting me (Screenshot).
Also how do lot sizes differ from forex pairs and indicies? I noticed when I calculate the loz sizes for indices it’s not the same as with forex.

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Thank you in advance.

[ponponwei]

Yeah lot sizes for indices are 1 I believe which means you don’t have enough money to open a position. I believe MT4 has a section where you can check the contract specification to see lot size / margin info!

[ria_rose]

Hmmm. This is a response to a similar question so it might be of some help!

Trading Indices - Lot sizes

If you are using metatrader, you can check the specification of the pair that you are trading in the market watch window (right-click pair and select ‘specification’). The contract specification can tell you the lot size and the margin currency. For example, the contract/lot size for S&P 500 is probably 1. The S&P 500 is around $3,100 right now, so one lot would be about $3,100 USD in value.

[averied]

Just email your broker and ask. Start with the Minimum lot size available.