What is a fractional pip?
Posted by Anna .T on 28 April 2014 04:58 PM
Fractional pips are a new pricing feature which allows you to see more price action detail and will help you to make more informed trading decisions. A fractional pip is a tenth of a pip and the addition of this feature to your account allows you to take advantage of smaller price increments and moves in the market.
Instead of quoting prices with four digits, i.e. EURUSD at 1.4251 / 1.4253, we will now quote the pair as 1.42508 / 1.42528 with the last digit (quoted as a subscript) referring to the fractional pip. The pip value for a EURUSD 100,000 position is $10 and the value of a fractional pip for this same position is $1 which is the tenth of a pip.