Brokers other than Insta that value each pip at 1 USD

Forex trading
U
Untung Sarjito
17 Jun 2013, 10:32 5,777 Views

Bro, I want to ask if there are any brokers other than InstaForex with a per pip value of 1 USD (1 lot X 1 pip = 1 USD) or with a contract size of 10,000?

Most of the brokers I know have a per pip value of 10 USD (1 lot X 1 pip = 10 USD)

Thank you, Bro

6 Answer

R
Rachmat 17 Jun 2013, 12:07

The easiest thing is what type of account is used?
If on Insta a standard account, then:

lot 1.00 =     $1.00/pips contract size 10,000
lot 0.10 =     $0.10/pips  contract size 1,000
Lot 0.01 =    $0.01/pips contract size  100

If you find a broker where 1 lot = $10/pips when broken down:

lot 0.01 = $0.10/pips contract size 1,000
lot 0.10 = $1.00/pips contract size 10,000
lot 1.00 = $10.00/pips contract size 100,000

As for the terms cent, mini, micro or standard accounts, each broker differs in the application of its contract size. So you can investigate, if
1 lot is $100/pips what is the contract size? just break it down.

Thanks

M
martin 17 Apr 2017, 01:50

@ Untung Sarjito:

All brokers are the same, for 1 lot on the XXX/USD pair (EUR/USD, GBP/USD, AUD/USD, etc.) the value per pip for 1 lot is USD 10, including InstaForex. 1 lot has a contract value of standard (regular) which is USD 100,000.
If you want the value per pip = USD 1 for the XXX/USD pair, then you need to trade at 0.1 lot or what is commonly referred to as a mini lot where the contract value is USD 10,000.

Currently, almost all brokers offer mini accounts where you can trade with mini lots, not just InstaForex.
Please read at: Forex Broker Review

S
Surahman 17 Apr 2017, 09:52
@martin: On Insta, the master account is different, it's true that the calculation is specifically the value per pip 1 lot = 1 USD. lot instaforex So is it true that only Insta is like this? Or are there other brokers besides Insta that master knows of?
M
martin 18 Apr 2017, 03:14

@ Untung Sarjito & Surahman:

Sorry, my previous answer was wrong. Specifically for InstaForex, it does have its own standard as you mentioned, which is for 1 lot the pip value = USD 1.
I did not pay attention to the standard size because I have never traded at InstaForex. I initially thought all brokers used the same standard. In my opinion, InstaForex created its own standard because this broker is indeed not regulated by any specific regulatory body.

I asked the InstaForex head office in Russia why their size is not standard, and they replied so that their traders can be more comfortable…:)



For other brokers that have the same standard size as InstaForex, I currently do not know. If I find out, I will inform you in this section.

L
luki 31 Jan 2020, 15:31
mostly play on cent/micro accounts at RoboForex, it's the same as a standard Insta account
T
Taan 13 Feb 2021, 10:48
Tifia Broker. Account START (STR/micro). Contract value = $10,000

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