We quote currency pairs by "5, 3 and 2" decimal places – also known as fractional pips or pipettes.
- On a 5 decimal place currency pair a pip is 0.00010
- On a 3 decimal place currency pair a pip is 0.010
- On a 2 decimal place currency pair a pip is 0.10
For example: If GBP/USD moves from 1.51542 to 1.51552, that .00010 USD move higher is one pip.
When trading margin FX and other symbols, there are some easy rules to calculate the 'pip-value' of the trade so you can work out your potential gains and losses quickly.
A list of all traded symbols and their pip values is shown below. The pip scales in direct proportion to the trade size – so a 2 lot trade will have twice the value per pip as a 1 lot trade.
Pip values:
Margin FX pairs
| Margin FX pairs | Pip value per 1 standard lots | Pip value per 0.1 standard lots | Pip value per 0.01 standard lots |
|---|---|---|---|
| AUDUSD | 10 USD | 1 USD | 0.10 USD |
| EURUSD | 10 USD | 1 USD | 0.10 USD |
| GBPUSD | 10 USD | 1 USD | 0.10 USD |
| USDJPY | 1000 JPY | 100 JPY | 10 JPY |
Commodity CFDs
| Commoditiy CFD | Pip value per 1 standard lots | Pip value per 0.10 standard lots | Pip value per 0.01 standard lots |
|---|---|---|---|
| XAUUSD | 10 USD | 1 USD | 0.10 USD |
Indices
| Indices | Point value per 1 standard lot |
|---|---|
| US500 | 1 USD |
| AUS200 | 1 AUD |