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

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

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

The Mini lot is equal to one tenth of standard forex lot.

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

Calculating Pip Value for Mini Forex Account trading Mini Lots

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

1 pip movement when trading Mini lots is equal to $1 dollars (10,000 units of currency * 0.0001 = $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.