How Much is 1 Pip Worth in a Micro Account Trading Forex Micro Lots? - Pip Value for Micro Lot

Micro Account Definition - the definition of a forex micro account is an account type where forex traders open trades using micro lots.

1 Micro lot is the equivalent of 1000 Units of the base currency.

The Micro lot is equivalent to one hundredth of the standard forex lot.

For Micro lot the pip value per trade is equal to $0.1

Calculating Pip Value for Micro Forex Account trading Micro Lots

1 pip is the smallest currency pair movement used when trading forex currencies.

1 pip movement when trading Micro lots is equal to $0.1 dollars (1,000 units of currency * 0.0001 = $0.1 )

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