How Much is One Pip Worth in a Cent Account Trading Forex Cent Lots?

Cent Account Meaning - the meaning of a forex Cent account is an account type where forex traders open trades using Cent lots.

1 Cent lot is the equivalent of 100 Units of the base currency.

The Cent lot is equivalent to a tenth of Micro lot.

For Cent lot the pip value per trade is equal to $0.01 or 1 Cent

Calculating Pip Value for Cent Account trading Cent Lots

1 pip is the smallest/minimum currency pair movement which is used by the traders when trading the currencies.

1 pip movement when trading Cent lots is equal to $0.01 or 1 Cent (100 Units of a currency * 0.0001 = $0.01 dollars or 1 Cent )

For Example if EURUSD moves from 1.3000 to 1.3001 this is equal to 1 pip - a pip is the 4th decimal place in the forex quote.

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