Pip Calculator

To calculate your pip value, simply select your currency pair from the drop list, enter the contract size, enter the current price and push the Calculate button.

Note: MetaTrader calculates the value of a pip at the price a ticket was opened. Thus, the value-per-pip may differ between 2 trades on the same currency pair.

A pip represents the smallest incremental move an exchange rate can make. Depending on context, a change of 1 pip is normally one basis point or 0.0001. However, it is .01 in the case of USD/JPY and other Yen-based pairs.

Note: MetaTrader calculates the value of a pip at the price a ticket was opened. Thus, the value-per-pip may differ between 2 trades on the same currency pair.

Forex contracts are referred as “lots.” A micro lot is equal to 1,000 units of the base currency, a mini lot is equal to 10,000 units of currency and a standard lot is equal to 100,000 units of currency. A trader placing a trade of four standard lots is therefore trading 400,000 units of the base currency in the market. Because iBull Capital offers leverage of up to 200:1, a trader would only need to deposit $2,000 to place that a trade in USD/JPY and control 400,000 units of US Dollars ($2,000 x 200 = $400,000).