In Forex, a pip is the 4th number after the decimal and is known as 1/100th of a *cent*.

*Example: if the EUR/USD moves from 1.2364 to 1.2365, that is ONE pip (the 4th number after the decimal). A positive or negative pip value is how you measure your profit or loss. The more pips gained, the greater the profit, conversely the more pips lost, the greater the loss. *

In all other markets such as Stocks, Cryptocurrencies, Commodities, Indices, and ETFs it is known as a "point" and each point equals 1 *cent. *

*Example: if Apple Inc. moves from $205.66 to $205.67, that is ONE point (the last number after the decimal). A positive or negative point value is how you measure your profit or loss. The more points gained, the greater the profit, conversely the more points lost, the greater the loss. *

*CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please click here for the CFDs risk warning which specifies the % of retail investor accounts that lose money on a 12 month period on our platform. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.*

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