CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

Pip definition

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Pip has a particular significance in relation to IG's platform. Here, we define pip in general investing and explain what it means to you when trading with IG.

A pip is a measurement of movement in forex trading, defined as the smallest move that a currency can make.

Usually, a pip is 0.01% of a single unit of currency, or the fourth digit after the decimal point. In EUR/USD, for instance, a move of 1.0001 to 1.0002 would be a single pip move.

This isn't always the case however. Some currencies (such as the yen) delineate a pip as 1% of a single unit of currency. In USD/JPY, a move of 120.01 to 120.02 would be a single-pip move.

With IG

At IG we measure currency moves in pips for CFD trades, but we refer to them as points

Visit our forex section

Find out more about forex trading with IG.

Contact us

Our office is open 5 days a week, Sunday to Thursday from 8am to 7pm (Dubai time). Support line is available 24hrs a day, 7 days a week, except for Saturday from 1am to 11am (Dubai time).

+971 (0) 4 559 2108

You can also email us at: helpdesk.ae@ig.com

 

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.