Hello everybody !
i am confused about pip value on MT5.
i read on every web site that the pip movement begin on 4th decimal.
but on my mt5 platform i have 5 decimal !
how i can put mt5 to have 4 decimal ?
thx !
Hi @LoveFX,
Whether forex prices are quoted to 4 decimal places or 5 decimal places is determined by your broker. Most forex brokers quote prices to 5 decimal places which is better for you. (Would you rather pay 2 pips or 1.2 pips in spread cost as FOREX.com typically charges for trading EUR/USD? A spread cost of less than 2 full pips but more than 1 full pip is only possible if your forex broker quotes prices to 5 decimal places to the tenth of a pip.)