Clear this confusion - Spread, Pips and Points

Dec 18, 2020
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Hi,

1625462268281.png

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

Administrator
Staff member
Nov 30, 2008
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Odessa
www.earnforex.com
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.