First, it's not the size of your account, but the size of the trade that determines the pip value. Second, the answer is "It depends". For non-USD based pairs it varies. Nor does my permissible leverage. There are only two things which define pip values. The first is the pair being traded. The second is how big a trade I make. Pips, lots and a little bit of math: Thanks to Daydreamer65 for your hyperlink - gone to my favourites. You certainly do have a way of making things especially simple - I like it.
It is clear then, that a 1 micro pip value depends not only on the micro lot but also on how many of these lots you are trading.
Micro account has of any currency I am using. And as a beginner I am having just pounds in my account. This is dependent upon the pair, the lot size and the brokerage commission. I use MB Trading, and they have a "pay for limits" program which enables me to trade without commission, and also to receive credits.
So, let's do the math: Now, let's consider if I use Marketable orders for the transaction. The result is not so good. Moral of the story: Use Limit orders to offset commission, and you can trade either commission free or you can offset commissions by enough Credits so that your Net Commission is neutral. HyperScalper Hope the math is correct, you get the idea anyway!
How much is 1 pip in a micro account Beginner Questions. I just wanted to no how much was one pip in a micro account. This appears a little confusing. Here you go Tymen I found the math. Thanks, Rhodytrader for clarifying your answer. Not that I did not know what a 1 micro pip was - but I wanted to see what you people had to say.More...