Forex brokers permit trading in fractional pips, also known as pipettes, which are one-tenth of a pip. This allows traders to enter and exit positions with greater precision and flexibility.
Fractional pips are particularly useful in currency pairs that have a tight spread, as they give traders the ability to execute trades at more accurate price levels. For example, in the EUR/USD currency pair, the spread may be as low as 0.1 pips, making fractional pips essential for traders who want to take advantage of small price movements.
Not all forex brokers offer fractional pips, so it’s important for traders to choose a broker that does if they want to take advantage of this feature. Below are some of the top forex brokers that permit trading in fractional pips.
1. IC Markets
IC Markets is a well-regulated forex broker that offers trading in a wide range of currency pairs, including those that allow fractional pips. The broker offers competitive spreads and low trading fees, making it a popular choice for both beginner and experienced traders.
IC Markets also offers a range of trading platforms, including MetaTrader 4 and 5, as well as cTrader. Traders can access these platforms on desktop, web, and mobile devices, giving them the flexibility to trade from anywhere.
2. Pepperstone
Pepperstone is another popular forex broker that permits trading in fractional pips. The broker offers tight spreads and low trading fees, making it an attractive option for traders who want to keep their costs low.
Pepperstone also offers a range of trading platforms, including MetaTrader 4 and 5, as well as cTrader. The broker’s platforms are available on desktop, web, and mobile devices, giving traders the flexibility to trade from anywhere.
3. XM
XM is a well-regulated forex broker that offers trading in a wide range of currency pairs, including those that allow fractional pips. The broker offers competitive spreads and low trading fees, making it a popular choice for both beginner and experienced traders.
XM also offers a range of trading platforms, including MetaTrader 4 and 5. The broker’s platforms are available on desktop, web, and mobile devices, giving traders the flexibility to trade from anywhere.
4. FXTM
FXTM is a well-regulated forex broker that offers trading in a wide range of currency pairs, including those that allow fractional pips. The broker offers competitive spreads and low trading fees, making it a popular choice for both beginner and experienced traders.
FXTM also offers a range of trading platforms, including MetaTrader 4 and 5. The broker’s platforms are available on desktop, web, and mobile devices, giving traders the flexibility to trade from anywhere.
5. AvaTrade
AvaTrade is a well-regulated forex broker that offers trading in a wide range of currency pairs, including those that allow fractional pips. The broker offers competitive spreads and low trading fees, making it a popular choice for both beginner and experienced traders.
AvaTrade also offers a range of trading platforms, including MetaTrader 4 and 5, as well as AvaTradeGO. The broker’s platforms are available on desktop, web, and mobile devices, giving traders the flexibility to trade from anywhere.
In conclusion, trading in fractional pips is essential for traders who want to take advantage of small price movements in currency pairs with tight spreads. Not all forex brokers offer this feature, so it’s important for traders to choose a broker that does if they want to take advantage of this flexibility. The above-listed forex brokers are some of the top options for traders who want to trade in fractional pips.
