Pip definition.
Pip has a particular significance in relation to IG's platform. Here, we define pip in general investing and explain what it means to you when trading with IG.
A pip is a measurement of movement in forex trading, defined as the smallest move that a currency can make.
Usually, a pip is 0.01% of a single unit of currency, or the fourth digit after the decimal point. In EUR/USD, for instance, a move of 1.0001 to 1.0002 would be a single pip move.
This isn't always the case however. Some currencies (such as the yen) delineate a pip as 1% of a single unit of currency. In USD/JPY, a move of 120.01 to 120.02 would be a single-pip move.
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Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is not directed at residents of countries where its distribution, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
IG is a trading name of IG US LLC (a company registered in Delaware under number 6570306). Business address, 1000 West Fulton Street, Chicago, IL 60607. IG is a registered RFED and IB with the Commodities Futures Trading Commission and member of the National Futures Association (NFA ID 0509630).
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