Pip
The smallest standard price move in forex, usually 0.0001 for most currency pairs. Spreads are quoted in pips.
Why Pip Matters
Understanding Pip helps you compare brokers on trading costs and avoid surprises. It's one of the details our reviews check so you can judge a broker on evidence, not marketing.
Example of Pip
When you read a MyTradingReviews listing, Pip is one of the data points we verify and display — so you can see exactly how each broker handles it before you open an account.
Compare how each broker handles pip in our independent broker reviews and the comparison tool.
Definitions follow one published methodology — verified data, real accounts and dated evidence, not marketing. When a broker changes its terms, the reviews change with it.
Related Terms
The difference between the buy (ask) and sell (bid) price of an instrument — the basic cost of a trade.
The unmarked spread received from liquidity providers, often near 0.0 pips; the broker charges a separate commission instead.
A fixed fee charged per trade (often per lot), typically on ECN/raw-spread accounts.
Interest paid or earned for holding a position overnight, based on the interest-rate difference between the two currencies.