Pipette

A pipette is one-tenth of a pip, representing a more precise price movement than a standard pip. It appears as the fifth decimal place for most currency pairs (for example, 1.10505) or the third decimal place for pairs that include the Japanese yen (for example, 110.505). Pipettes allow brokers to quote tighter, more accurate spreads than whole-pip pricing.

Pipettes became common as five-decimal pricing replaced four-decimal pricing across most retail forex brokers. With pipettes, a broker might quote EUR/USD at 1.08505 rather than 1.0850. That extra digit lets the broker narrow the spread below 1 full pip, which matters for active traders who depend on cost efficiency. Scalpers and high-frequency systems especially benefit when spreads are quoted in fractional pips.

For example, if you buy EUR/USD at 1.08505 with 1 standard lot and sell at 1.08510, you gained 0.5 of a pip, or about $5 in profit before fees. The same move with whole-pip pricing would look flat. Over hundreds of trades, that fractional precision adds up. A 10 pipette improvement per trade across 500 trades is the equivalent of 50 full pips captured from better pricing, or roughly $500 on a standard lot account.

In copy trading, pipettes matter because costs compound. SteadyFlowFX's strategy runs across 9 algorithms and 8 currency pairs, so even small savings on spread translate into meaningful differences over a year of trading. The verified Myfxbook track record with 1.73 profit factor and 12 percent average monthly net return (3-year) reflects results after real spreads. When choosing a broker, prefer five-decimal (pipette) pricing because tighter spreads directly improve the outcomes your copied strategy delivers.