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WHAT IS THE VALUE OF A PIP?

WHAT IS THE VALUE OF A PIP?

If your account is in US Dollars, and you are trading a pair with USD as the base currency (ex. EUR/USD), then the following is true:

  • 1 pip trading with a 0.01 (Micro Lot) is equivalent to $0.10 USD
  • 1 pip trading with a 0.10 (Mini Lot) is equivalent to $1.00 USD
  • 1 pip trading with a 1.00 (Standard Lot) is equivalent to $10.00 USD

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