Formula
Pip value = position size in base units × pip size × quote-to-account conversion rate. The pip size is instrument-specific and must not be inferred from the number of displayed decimal places.
Assumptions and limitations
This model is for linear Forex exposure only. It does not model metals, CFDs, futures, or broker-specific contract adjustments. The conversion rate is user supplied and is not refreshed or verified by this page. Commission, spread, swap, slippage and gaps are excluded.