Pipette
A pipette is the extra decimal some platforms add beyond a pip. IG also calls it a fractional pip or micro pip.
Explanation
IG's pip definition says that although most forex pairs are quoted to two or four decimal places, some brokers display one more decimal. That extra decimal is a pipette. It is a display choice of the quoting platform, not a separate product and not a regulator's unit. Ten pipettes make one pip where the platform uses that extra digit. MetaTrader 5 measures spread and stop distances in points, which may be finer than a pip. The symbol specification shows the price step.
This page explains published terms for education and reference. It is not financial, investment, tax, or trading advice, and it does not recommend a firm, product, or strategy.
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Sources and last check
Last checked . Rules, prices, and product names change. Read the source.