How Much is 1 Pip Worth in a Mini Account Forex Mini Lots?

Mini Account Definition - the definition of a Mini account is an account type where forex traders place trades using Mini lots.

1 Mini lot is the equivalent of 10,000 units of base currency.

The Mini lot is equivalent to 1 tenth of standard lot.

For Mini lot the pip value per trade is equivalent to $1

Calculating Pip Value for Mini Account Mini Lots

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

1 pip move when trading Mini lots is equivalent to $1 (10,000 units of currency * 0.0001 = $1)

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

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