How do I calculate the value of a pip?

Submitted by Bhupesh.Belchandan on
How do I calculate the value of a pip?

0.0001 or 0.01 x notional value (depends on the currency – 4th decimal for 5 decimal currencies and 2nd for 3 decimal currencies)

Example: 1 lot of EUR/USD

0.0001 x 100,000 (1 lot= 100,000) = 10 USD.

Alternatively, you can find the value of a pip using our Pip Calculator.

Pip value is always denominated in the quote currency. You can find all information on our Contract Specifications page.

How can I calculate margin?

Submitted by Bhupesh.Belchandan on
How can I calculate margin?

Margin = Notional value / Leverage

Example: 1 lot EUR/USD at 1:1000 Leverage:

100,000 EUR / 1000 = 100 EUR

For metals = Volume * Contract Size * Open Price / Leverage

Example: 1 lot XAUUSD: 1 * 100 * 1,263.14 / 500 = $252.63

For shares = Volume * Contract Size * Open Price * Margin %

Example: 1 lot AAPL: 1 * 100 * 42.96 * 0.04 = $171.84

What are your commission fees on accounts?

Submitted by Bhupesh.Belchandan on
What are your commission fees on accounts?

Commission is applied only on our Advantage MT4 account and the Advantage MT5.

Advantage MT4: Commission is charged at 4 units of the Base currency and the conversion rate to the trading account’s currency (if applicable).

Example:

If your account is in USD.

If you trade 1 lot USD/JPY. Commission will be $4.00

If you trade 1 lot EUR/USD. Commission will be 4.00 EUR * (exchange rate) 1.10873 = $4.43

If your account is in EUR:

You trade 1 lot EUR/USD. Commission will be EUR 4.00

If you trade 1 lot USD/JPY. Commission will be $4.00 / (exchange rate) 1.10873 = 3.60 EUR

Advantage MT5: Commission is fixed at $4, which is $2 when you open a position and $2 when you close it.

You can find more information on our Swap & Commissions page.

I suspect that someone has been placing trades on my behalf. What should I do?

Submitted by Bhupesh.Belchandan on
I suspect that someone has been placing trades on my behalf. What should I do?

The first thing you should do is change your trading account password.

Then you should take a look at your trading history:

  1. Click on the ‘Journal’ tab in your MT platform.
  2. Within the ‘Journal’ tab, right click anywhere and select ‘Open’.
  3. View your trading activity.

If you’re using the MT platform on more than one device, you will have to retrieve all log files in order to your entire history.

If you need any help, please contact Customer Support.

Subscribe to