What's a 100 Pip value for Cent Account? - How Many Dollars is 100 Pips for Cent Forex Account?

How to Calculate 100 Pips Value Forex Profit and Loss in a Cent Account

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

1 pip move when trading Cent lots is equivalent to $0.01 or 1 Cent dollars (100 Units of currency * 0.0001 = $0.01 or 1 Cent )

For Example if EURUSD moves from 1.2000 to 1.2001 this is equal to 1 pip - 1 pip is the 4th decimal place in the currency quote.

Therefore, for 100 Pips Move in a Cent Account the profit or loss will be equal to:

100 pips* $0.01 or 1 Cent per pip = $1

Therefore, 100 pips move for Cent lot is equivalent to $1 dollars