Mini Account in Forex

In the example about How FX Trade work that we learn before, Trader X had the potential to earn a profit of $1.000 when the exchange rate rose 100 pips and also when it fell 100 pips. For any currency pair in which the US dollar is the second in the pair e.g. GBP/USD, EUR/USD, AUD/USD and NZD/USD, the value of pip is fixed at $10 per 100,000 unit lot.

In the Mini Account where a mini lot is 1/10th the size of a 100K lot, the pip value is 1/10th that of the 100K account. Accordingly the pip value for any pair in which th USD is the counter currency is fixed at $1