1 pip value = Contract size * Pip (check the last second digit)
For example:
EURUSD's price is 1.08212
Contract size: 100,000
Digit: 0.0001
Margin currency: USD
According to the above formula, the value of EURUSD 1 pip is:
= 100,000 units of currency * 0.0001
= 10 USD
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The information provided on this website is general in nature and does not take into account your personal objectives, financial situation, or needs. Before acting on any advice, you should assess its appropriateness in light of your individual circumstances and consult our legal documentation.
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Regulatory Information:
Ultima Markets is a trading name shared amongst multiple entities operating in various jurisdictions. These following entities are authorised to operate under the Ultima Markets brand and trademarks.
Ultima Markets UK Limited, reference number 470325, is authorised and regulated by the Financial Conduct Authority (FCA). Registered address: 1 Blossom Yard, Fourth Floor, London, E1 6RS, UNITED KINGDOM.
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Registered address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.
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