Points to Pips Calculator
"Points" and "pips" get used inconsistently across brokers and platforms — this calculator converts between them using your own platform's actual ratio, rather than assuming one fixed convention.
What's the difference between a point and a pip?
A pip is a standardized unit tied to a specific instrument's quoting convention (the fourth decimal for most forex pairs, the second for JPY pairs). A point is a smaller, platform-defined unit — on many 5-digit MT4/MT5 quotes, for example, one pip equals 10 points.
Converting 50 points on a platform where 10 points make up one pip:
Why isn't the points-to-pips ratio the same on every broker/platform?
The ratio depends on how many decimal places your specific broker/platform quotes an instrument to, not a universal forex rule. A 5-digit quoting convention commonly makes 10 points equal to 1 pip, while a 4-digit convention makes 1 point equal to 1 pip directly — and the ratio can differ again for indices, metals, and crypto, which don't follow forex quoting conventions at all.
How do I know my broker's own points-per-pip ratio?
Check your platform's contract specification page for the instrument (in MT4/MT5: right-click the symbol in Market Watch, then Specification) — it will state the digits/decimal places the price is quoted to, which determines the ratio. Always verify this per instrument rather than assuming it's the same across your whole watchlist.
A complete conversion, from chart to order
Take EURUSD on a broker that quotes five decimals, so a point is 0.00001 and a pip is 0.0001. Price rises from 1.15234 to 1.15484:
Now USDJPY on a broker that quotes three decimals, so a point is 0.001 and a pip is 0.01. Price rises from 157.250 to 157.480:
Both pairs give a ratio of 10 because the broker quotes one digit beyond the pip. A broker quoting EURUSD to four decimals, such as 1.1523, has a ratio of 1, because its smallest step is already a pip.
Common points-per-pip ratios
- Five-decimal quote on a pair like EURUSD or GBPUSD: 10 points per pip
- Three-decimal quote on a JPY pair: 10 points per pip
- Four-decimal quote, or a two-decimal JPY quote: 1 point per pip
- Gold quoted to two decimals: a point is 0.01 in price, and some brokers call 0.10 a pip while others call 0.01 a pip, so the ratio is 10 or 1 depending on the broker
The last line is why this calculator takes the ratio as an editable field. Enter the ratio your own platform uses and the result matches what you see on your chart. The direction toggle converts either way: points to pips divides by the ratio, and pips to points multiplies by it.
When the unit costs real money
Many expert advisors and scripts ask for stop-loss and take-profit distances in points, while charts and trading plans use pips. Suppose you plan a 30-pip stop on EURUSD with 0.20 lots and an EA input reads in points. Typing 30 sets a stop of 30 / 10 = 3 pips.
A stop 3 pips from entry is inside normal price noise, so the position is usually closed within minutes. The mistake also works in reverse: typing 300 into a field that expects pips would set a 300-pip stop and risk ten times what you intended.
Convert a stop in points into dollars
To turn a stop given in points into money, divide by the ratio to get pips, then multiply by the pip value and the lot size. A 150-point stop on a five-decimal EURUSD quote is 150 / 10 = 15 pips. At 0.30 lots and $10.00 per pip, that is 15 x $10.00 x 0.30 = $45.00 at risk.
For a fuller risk calculation, use the Lot Size calculators, which work out the lots from your balance, risk and stop distance.
Reading the spread and slippage fields in points
MT4 shows the spread in points, so a reading of 17 on a five-digit EURUSD feed is 17 / 10 = 1.7 pips. At 0.50 lots and $10.00 per pip, that costs 1.7 x $10.00 x 0.50 = $8.50 to cross.
Maximum slippage in an order ticket is also set in points. A value of 30 is 3 pips on a five-digit broker, but 30 pips on a four-digit one, which is ten times wider than most traders intend.
Gold and indices
Gold quoted to two decimals moves from 2,350.00 to 2,358.50, a raw move of 8.50. With a point of 0.01 that is 850 points. If your broker treats 0.10 as one pip, the ratio is 10 and the move is 85 pips; if it treats 0.01 as a pip, the same move is 850 pips.
Money does not depend on the label. Assuming a 100-ounce contract, a move of $8.50 on 0.10 lots is 8.50 x 100 x 0.10 = $85.00, however you count the pips. An index works the same way: US30 moving from 39,000.0 to 39,125.5 is 125.5 in price, and with one decimal quoted it is 1,255 points if a point is 0.1.
Going the other way: pips to points
Switch the direction toggle to convert pips into points. A 12.5-pip target on a five-digit EURUSD feed is 12.5 x 10 = 125 points, and on JPY pairs with three decimals it is also 125 points.
Use this when a platform setting or an expert advisor asks for a value in points but your plan is written in pips. Always read the converted number back against the chart to confirm it is the distance you meant.
Check this against your broker
In MT4 or MT5, right-click the symbol in Market Watch, choose Specification and read the Digits row. Five digits on EURUSD or three on USDJPY mean a ratio of 10; four and two mean a ratio of 1. Check each instrument separately, because one broker can quote forex, metals and indices with different digits.
Conclusion
Because this ratio is broker- and instrument-specific, this calculator leaves it as a field you enter directly rather than guessing a single value — confirm it against your own platform before relying on a converted figure for a real trade. See the Pip Value calculator and BabyPips' explanation of pips and pipettes.
Frequently asked questions
Is a point always one-tenth of a pip?
Not always — that is the common case on 5-digit forex quotes, but the actual ratio depends on your specific broker's quoting convention and can differ for indices, metals, and crypto.
Does this conversion affect the actual dollar value of a trade?
No — converting between points and pips doesn't change price or dollar value by itself; it just expresses the same move in a different unit. Pip value calculations still need the instrument's real pip size and contract specification.
Does leverage change points or pips?
No. Points and pips measure price movement, and leverage does not affect price. Leverage only changes the margin your broker holds for a position. Your position size, set by your risk and your stop distance, decides how many dollars a given number of pips is worth.
Why does my chart show a different number of points than I expected?
Usually because the broker quotes a different number of digits from the one you assumed. The same 25-pip move reads as 250 points on a five-digit EURUSD quote and 25 points on a four-digit one. Read the Digits row in the symbol Specification to see which applies to you.
Can I use this for indices, gold or crypto?
Yes, as long as you know the ratio your platform uses. These instruments do not follow the forex pip convention, so there is no universal ratio. Enter the one from your broker's specification, and confirm it per instrument rather than assuming the forex value.