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BlogWhat is Pipette in forex trading?
A fractional pip, representing 1/10th of a standard pip. Most brokers quote with 5 decimals (or 3 for JPY), allowing for tighter spreads and more precise pricing.
What this looks like across the brokers we track
Across the 42 brokers BrokerAnalysis tracks, the median EUR/USD spread is 0.5 pips, ranging from 0.0 to 1.5 pips, with 36 figures taken from the broker's own published specification.
Measured across 42 entities in the BrokerAnalysis dataset. See the full broker comparison
Detailed Explanation
Most brokers quote with 5 decimals (or 3 for JPY), allowing for tighter spreads and more precise pricing.
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