So I was wondering about the profit on my demo account. Here is my trade information:

Sell USD/JPY at price: 110.650

Current Price: 110.578

Size: 0.01
So basically I gain 72 Pips.
As I calculated, 1 Pip = $0.09. So I should gain $6.48.
But in MT4, the profit shows that I gain only $0.65.
What was wrong here? Thank you for reading! I really appreciate it.

Iâ€™m also trading this pair today on IC markets. My leverage is 100:1 and my lot size is 0.01. Which means at 110.553 entry and 110.549 currently, I profit by $0.04 in total.

I see. But why is my calculation wrong? Could you please explain clearly? I really appreciate!
1 Pip = $0.09 > 72 Pips = $6.48. Am I missing something?

You calculated the pip values to the 3rd decimal place. For JPY pairs itâ€™s to the 2nd decimal place. So you gained 7.2 pips. When you correct this, your math will line up with what your broker provided.

For more details you can find how itâ€™s calculated here:

Youâ€™ll notice how it reads the value in points, not pips. Atleast for MT4/5 platforms, points for JP pairs are listed to 3 decimal places and non JPY to 5 decimal places. Pips are not equal to points.

After executing a few trades you get used to it and your mind adapts automatically though

I got it. Thank you!
I have never read about the Point definition on babypips before, so when I changed the profitâ€™s display from â€śas deposit currencyâ€ť to â€śas pointsâ€ť, I thought that was the Pips.