Trade Responsibly. Trade Responsibly.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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A pip (or percentage in point) consists of a small unit of the value of a currency pair. This is usually the fourth decimal place or 1/10,000th of the quote currency in a pair. In the case of the Japanese yen, it is the second decimal place or 1/100th of the quote currency in a JPY pair. Most currency pairs are calculated to five decimal places with the fifth decimal place often referred to as the ‘pipette’ or 'point'.

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