It is each broker’s commitment to provide the traders with access to the best fixed spreads and execution methods, and this is why you may at times noticed additional smaller numbers at the end of a currency rate.
These numbers are referred to as “Fractional pips” and they renew pricing feature which lets you see more price action detail and helps you 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 to 2 or 4 decimals, with fractional pips, they quote an extra digit.
For example, normally the EUR/USD ask would be quoted as 1.3251 while with fractional pips we quote 1.32518.
With the last smaller digit representing the fractional pip.
Deals of €100,000 and $50,000 may seem quite large, especially if you’re new to trading but this is where an important factor comes in, the use of leverage.
Leverage basically means you can trade larger amounts than your initial investment.
Pip hunting is normally refer to the situation in which the Client opens a position and closes it in a very short time, usually trading incorrect spikes in the market, or taking advantage of feed indicative prices.
IronFX has the right to take any necessary actions similar to scalping clients, at its sole discretion, and without any prior written notice to protect itself since this action is prohibited.