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 one 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 currency pair movement used when trading currencies.

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

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