Risk warning: Trading CFDs and FX carries significant risk and is not suitable for everyone. You have no ownership of the underlying asset. Pepperstone Financial Services (DIFC) Limited is regulated by the DFSA. Arranging for Pepperstone Group Limited, AFSL 414530, the product issuer.

What is a pip?

A pip is a unit of measurement used to convey the change in value of a currency pair. For FX pairs with 5 decimal places, a pip is the 4th decimal place, and for pairs with 3 decimal places it is the 2nd. You can calculate the value of a pip using the pip calculator in your secure client area.

Tip: A pip is always the second last number on any instrument.

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