- FXCM offers prices in tenths of a pip to provide lower spreads for popular currency pairs.
- The digit representing a tenth of a pip appears to the right of the two large, bold-faced digits.
The Benefit
Fractional pip pricing should reduce bid/ask spreads for each of the more popular currency pairs.
Our aim is to provide you with very competitive transaction costs—tight bid/ask spreads on every currency pair.
To view full list of spreads, please click here.
Without fractional pip pricing, the buy price is rounded up to the nearest pip, and the sell price is rounded down. With fractional pip pricing, prices are quoted to an the additional decimal place. As a result, you will see a more accurate and usually tighter-spread. For instance, you might see a buy price of 1.34557 instead of 1.3456 and a sell price of 1.34532 instead of 1.3453. In this case, you would have a spread of 2.5 pips instead of 3.
To view full list of spreads, please click here.
P/L in Pips Now Quoted Fractionally
On your Open and Closed Positions on the FX Trading Station, your P/L will now show tenths of a pip.
For more information, please call us at 1800 109 751 for Australia or 0800 444 635 for New Zealand.