CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

76.09% of retail investor accounts lose money when trading CFDs with this provider.

What is a Pip?

A pip in forex is an acronym for ‘point in percentage’ and is a basic unit of measurement for currency pairs. In fact, a pip is the smallest amount of change a currency pair is quoted in. In most cases, a pip represents 1/100th of 1 per cent. That means for every 1 pip, a currency pair moves 0.0001. That’s because currency pairs are usually represented by four numbers after a decimal point. This excludes the Japanese Yen, which only has two numbers after a decimal point.