CFD - Pip value
The pip value for CFDs is calculated using the following formula:
where:
- K — Profit Currency (second currency in the symbol) to Deposit Currency conversion rate.
- Volume — volume of position in lots.
- Lot Size — number of ounces, barrels or commodity units in one lot.
- Digits — number of decimal places.
Example:
- Trade: #UK100
- Conversion rate (K): 1.6127
- Volume: 1 lot
- Lot Size: 1
- Digits: 1
Pip value: 1.61 (USD)
Example:
- Trade: US Crude
- Conversion rate (K): 1
- Volume: 1 lot
- Lot Size: 1
- Digits: 2
Pip value: 10 (USD)
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