Dear members,
PIP refers to “Percentage in Point”. It will be determined by the digits in the MT5 market details and description. A pip calculator calculates the value of a pip in monetary terms, helping you estimate potential profit or loss based on trade size.
Formula:
Pip value USD: Pip Size* x Lots x Contract Size x QTE/USD*
*QTE/USD is the conversion rate from the quote currency (QTE), referred to as the “Profit Currency” in MT5, to USD.
Example:
You are trading 0.25 lots of EUR/GBP, with a GBP to USD conversion rate of 1.31386.
The calculation would be:
This means that for every pip movement of EUR/GBP, your profit or loss (PnL) will change by 3.28 USD.
Note: These values are approximate and may vary based on the leverage set for your account and the specific asset being traded.
Hope the information above is insightful for you and happy trading with us 
If you have any questions, please visit our Help Centre or contact us via Live Chat and WhatsApp.