One-tenth of a pip — the fifth decimal place on most forex quotes, shown by brokers that quote fractional pips.
A pipette is one-tenth of a pip. Most brokers now quote prices to five decimal places instead of four (six for yen pairs instead of five), and that extra digit is a pipette. It lets brokers offer tighter spreads — a 0.8-pip spread is really 8 pipettes.
Pipettes don't change how you think about trades. Your stop loss, take profit, and risk math all still work in full pips. Pipettes just give brokers a finer pricing grid and slightly better fills.
If your chart shows EUR/USD at 1.09551, that last "1" is 1 pipette. When the price ticks to 1.09552, that's +1 pipette, or +0.1 pip.
On EUR/USD during the London open, spreads often tighten to 3–5 pipettes on good brokers but widen to 20+ pipettes during the New York close.
Frequently asked about pipette
What is a pipette in trading?+
One-tenth of a pip — the fifth decimal place on most forex quotes, shown by brokers that quote fractional pips.
When will I see pipette used in real trading?+
On any broker platform that quotes to 5 decimal places (most of them now). Scroll spreads in terms of pipettes are normal.
What is the most common mistake traders make with pipette?+
Thinking a 0.8 pip spread is somehow cheaper than it sounds because it has a decimal. It's not — 0.8 pips is 0.8 pips, and on a standard lot that's still about $8 per trade.
What do experienced traders know about pipette that beginners don't?+
Ignore pipette-level noise when placing stops. A stop that's exact to the pipette will get hunted. Round your stops to the nearest 5 pips minimum.
Read the lesson here. Mark the chart on TradingView. Compare brokers with the checklist.
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