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What is a PIP?

Pip (or points) is a term used in forex market to indicate the smallest incremental move an exchange rate can make. Depending on context, this is normally one basis point 0.0001 in the case of EUR/USD, GBD/USD, USD/CHF and .01 in the case of USD/JPY.

Lot or Contract is the standard unit of trading on certain exchanges.


Pip Calculator
Currency Pair
Lot Size
Standard lot equals 100,000 BC
/ Rate
CALCULATE
RESULTS PIP VALUE IN USD

Generate a PIP Calculator

Forex Contract Size

Standard Lot = $100,000
Mini lot = $10,000
Micro lot = $1,000

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*During normal market conditions. The spreads are not fixed and may fluctuate with market volatility. Click here to see our spread chart.