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

Mini Account Defined - A Mini account denotes a brokerage account classification that permits foreign exchange traders to execute transactions using smaller volume units known as 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.

A Single Pip Movement When Trading Mini Lots Translates to a Value of $1 (Calculated as 10,000 Currency Units Multiplied by 0.0001)

For Example, if the EUR/USD currency pair changes from 1.3000 to 1.3001, that's one pip. One pip is the 4th number after the dot in the forex price.

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