Clear this confusion - Spread, Pips and Points

[shanmugapradeep]

Hi,



You can check above screenshot from my Mobile MT4. For EURJPY it says spread 22 what it means 22 pips or 22 points?

and

According to some broker 1 pips = 10 points
According to FBS and other brokers 1 point = 10 pips

Which is correct? I am really confused.

Here anyone please clarify.

 

[Enivid]

That's 22 points spread on EUR/JPY.

1 standard pip = 10 points = 10 fractional pips.
For EUR/JPY, 1 standard pip = 0.01.
For EUR/USD, 1 standard pip = 0.0001.

However, sometimes people just call a point (a fractional pip) a pip.

PS: "1 point = 10 pips" is bullshit, no one (sane person) uses such naming.

 

[shanmugapradeep]

PS: "1 point = 10 pips" is bullshit, no one (sane person) uses such naming.

FBS Support team :



Confirmed with other support person from FBS :



Explanation from FBS :



According to FBS 1 point = 10 pips

 

[Enivid]

That tells us a lot about proficiency of FBS’ support service.

 

[JoshEvansFX]

Hi,

View attachment 18766

You can check above screenshot from my Mobile MT4. For EURJPY it says spread 22 what it means 22 pips or 22 points?

and

According to some broker 1 pips = 10 points
According to FBS and other brokers 1 point = 10 pips

Which is correct? I am really confused.

Here anyone please clarify.

22 points is 2.2 pips.

 

[Jotori]

spread is the difrerence between the ask and bid price

 

[vicjon1995]

If the broker is displaying the prices till 3rd decimal place for EURJPY and the difference between the prices or the spread is 22, then it is equal to 2.2 pips.