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December 13, 2017

Question:How to calculate Pip Value of a financial instrument on MT4?

Answer:

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Value of pip can be calculated with the following formula.

0.0001 or 0.01 x notional value*

*Depends on the currency – 4th decimal for 5 decimal currencies and 2nd for 3 decimal currencies.

Example: 1 lot of EUR/USD

0.0001 x 100,000 (1 lot= 100,000) = 10 USD.

Alternatively, you can find the value of a pip using our Pip Calculator.

Please note that pip value is always denominated in the quote currency. You can find all information on the Contract Specifications page.

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