Is the spread for oil 11 pips with this broker or is it 1.1 pips? I opened a position of .01 lots and I was in $1 in drawdown … from 77.38 to 77.63 I was in -$2.40 drawdown …
This makes me think there is a $1 movement for every tenth decimal place but I thought a pip was the hundredth decimal place for oil.
Even with this broker on Nasdaq with .01 lots every point is $1 … is this normal?
Thanks!!
