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How many decimal places are used in price quotes?

Tim avatar
Written by Tim
Updated over 4 months ago

Atmexx quotes most Forex currency pairs with an extra decimal place for greater pricing precision.

  • The last decimal digit represents a pip

  • The second-to-last digit represents a point (also called a pipette or fractional pip)

For example:
If the price quote is 1.23456

  • The ‘6’ is the pip

  • The ‘5’ is the point

This level of precision helps traders manage tighter spreads and more accurate risk control.

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