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 the base currency.

The Mini lot is equivalent to one 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 smallest forex pair movement used when trading currencies.

1 pip move when trading Mini lots is equivalent 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 4th decimal place in the forex quote.