how many pips equal USD $1 on the Y scale?

Created at 03 Jan 2021, 15:32
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EagleMoxy

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Joined 21.10.2015

how many pips equal USD $1 on the Y scale?
03 Jan 2021, 15:32

Hello,

I`m confused as to how to read the bitcoin pips in cTrader, 

do you know how many pips equal $1 USD on the Y scale?

 

the other thing is it seems to limit me to 10 lots, which is only 0.13 cents per pip, and no commission is being given, I`m using ic markets version of Ctrader.

 

@EagleMoxy
Replies

PanagiotisCharalampous
04 Jan 2021, 09:28

Hi EagleMoxy,

You can find the pip decimal place in the Symbol Info window.

Best Regards,

Panagiotis 

Join us on Telegram

@PanagiotisCharalampous

EagleMoxy
07 Jan 2021, 10:55 ( Updated at: 21 Dec 2023, 09:22 )

RE:

ah ok brilliant, that makes sense now. At 1 lot, each pip is 1 cent.

Pip values USD.

1 lot = 0.01 cent USD

10 LOTS = .10 CENTS

100 LOTS = $1.00 USD.

1000 LOTS = $10.00 USD

Mini lot .1 = $0.001 cents (1/1,000th of a cent)

Micro lot 0.01 = 0.0001 cents (1/10,000th of a cent)

thats IC MARKETS via cTrader.

On Pepperstone they offer 1 LOT at 10 CENTS.

So its not one size fits all...

 

PanagiotisCharalampous said:

Hi EagleMoxy,

You can find the pip decimal place in the Symbol Info window.

Best Regards,

Panagiotis 

Join us on Telegram

 

@EagleMoxy
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