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Basics

Pipette

A pipette is one tenth of a pip: the extra decimal place many platforms show in prices. For most pairs it is the fifth decimal place.

Also called: fractional pip, point

Hypothetical example

Hypothetically, a quote of 1.10005 ends in a pipette: 0.5 of a pip above 1.1000.

Related terms

Used in these guides

  • Basics8 min read

    Pips, lots and spreads explained

    How price moves are measured, how trade size turns pips into money, and what the spread costs you on every trade.

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