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IB Pip/point/qty?

  #3 (permalink)

San Jose, Ca
Trading Experience: Beginner
Platform: MetaTrader 4
Broker/Data: Interactive Brokers
Favorite Futures: Forex
Joseph689's Avatar
Posts: 121 since Sep 2012
Thanks: 113 given, 37 received

Okay...I found an answer to my #1 question.

When entering an order with IB, via NT, the following apply:

Full LOT = 0.1M = 1000,000 = $10. per pip
Mini LOT = 0.01M = 10,000 = $1. per pip
Micro LOT = 0.001M = 1,000 = $.10 per pip (not sure if IB allows Micro)

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