Hi,
You can check above screenshot from my Mobile MT4. For EURJPY it says spread 22 what it means 22 pips or 22 points ?
and
According to some broker 1 pips = 10 points
According to FBS and other brokers 1 point = 10 pips
Which is correct? I am really confused.
Here anyone please clarify.
I use a spreadbetting broker and they do not as far as I can tell refer to pips or points by name.
They quote JPY pairs to 3 decimal places and others to 5. They describe the smallest amount by which you can change your entry price as the “minimum price increment”, which is the same, the 3rd decimal digit for JPOY pairs and the 5th for others. The use of the words pips and points is just confusing and they shouldn’t be relied on.
@shanmugapradeep, Your Broker would be quoting Points in this instance…
If there was a 7 pip spread on the EURUSD or a 19 pip spread on the AUDUSD… It would be time to find another Broker… FAST!
You can see it displayed in the prices eg: GBPUSD 1.38252 - 1.38240 = a difference of 12 Points…
As an example… EURUSD is 0.7 pip spread and GBPUSD will be 1.2 pip spread…
Hope this is of help.
EUR/JPY point spread 79.0 - 76.8 = 2.2. I consider 10 points = 1 pip. As a general rule, when you set a S/L with a USD currency pair at 200, that equals a 20 dollar pip range. Slightly different for the above pair.
My broker telling me. They says EURUSD 7 pips spread and GBPUSD 12 pips spread.
My broker (FBS) telling me opposite. They says 1 point = 10 pips 
@shanmugapradeep, Find another Broker… these guys are thieves with spreads that size…
@steve369, is correct, 10 points = 1 Pip…
You are either not understanding what they are telling you… Or they are totally clueless of these markets and you should get away from them quickly and find a new honest Broker.
Support screenshot
Can you suggest any A book (STP, ECN) broker with low and fixed spread
Another Support screenshot :
@shanmugapradeep, ask to speak to someone else in Customer Service… Sunit is wrong…
If the concept of a “pip” isn’t already confusing enough for the new forex trader, let’s try to make you even more confused and point out that a “point” or “pipette” or “fractional pip” is equal to a “ tenth of a pip “.
Have a read through FBS’s 191 reviews on the Trustpilot website
Sunit is definitely wrong, but I don’t understand why this matter is an issue. When you’re a client and you look at the broker’s chart or you open an order window, you see the quote in numerical form - it doesn’t matter what the broker calls the different digits, you see the numbers and you either trade or you don’t.
I confirmed with different person of FBS support and he says same
They also provided me a link to calculate : Trader’s Forex Calculator
Trustpilot is full of junky review like advertising, affiliate etc. i am using FBS over 6 months and till now i never faced any issues with withdrawal but i am confused about there spread.
I keep Take profit (TP) to 30 pips and my trade are closing in negative when it hit TP? how it possible, if it hit TP it should be in profit but my trades are in loss, then i notice spread is above 30 pips that why even my trade are in my direction it closing in negative.
It matter because i use 2 different EA.
1st EA : it option to set TP and SL in point
2nd EA : it option to set TP and SL in pips.
I am confused how to calculate in FBS which is pip and which is point.
My TP trades are closing in negative
@shanmugapradeep, I have had a quick read through a number of explanation’s and the points that FBS are referring to are used in different markets to Forex…
It’s obvious that BabyPips, Exness and all of us that have responded have no idea?
You’ve been using them for 6 months and are only asking this now?
If you have a TP of 30 Pips(?) and are closing losing trades it’s either sky high SWAP rates or huge Pip spreads… And I’m betting on the latter. Either way you better find out…
I’m out.
