MT4 phone app lot sizes range from 0.10 to 1000.0 help

Hello,

I’m with Pepperstone UK broker with a spread betting account and I added their quotes/spreads and next to their quotes I see the message, for example the EURUSD_SB quote, I assume SB stands for spread betting, ok this message that I see on screen is ‘Bet in £1 per point’.

Does this mean £1 per pip otherwise what does it mean £1 per point?

So the lowest I can do is 0.1 lot, this means my spread betting account with my broker does not support micro 0.01 lots, only supports lowest mini 0.1 lots?

Highest lot size I can go up to is 1000.0, this means I can have a 1000 standard lots?

Is higher lots sizes includes leverage or separate from lot sizes?

Cheers,