[156]

Hello,

I wanted to know how I can calculate the price per pip I get per one futures contract with them? I am currently looking at the margin page

http://individuals.interactivebroker...?ib_entity=llc

and I am trying to compare contracts on different criteria, can you help me on that ?

Thanks!

Well, first off, let's start with nomeclature.

The naming convention for the smallest incremental price move in the futures world is a TICK.

In forex, it may be referred to as a pip (fractional pips excepted), but not in futures.

[Head2k]

Originally Posted by 156 »

Hello,

I wanted to know how I can calculate the price per pip I get per one futures contract with them? I am currently looking at the margin page

http://individuals.interactivebroker...?ib_entity=llc

and I am trying to compare contracts on different criteria, can you help me on that ?

Thanks!

Look at contract specification. Search for point value and tick size (= minimum increment size) in points. Multiply these two numbers and that is what you want. But I believe they have $ value of tick written there, too.

[156]

I am not sure where the point value is ...

[Kiwi]

It trades in dollars USD. The multiplier is 1000. The price increment is .01.

So the minimum move is 1000 * .01 = USD10.00 for the minimum order size of 1

[BlowFish]

Also be aware on spot forex if you don't trade at least $25000 your order will be handled differently and will likely cost more.

http://individuals.interactivebroker...=products&p=fx

[156]

Thanks for your reply guys, now I get it

[Gringo]

Good luck. You may find it's not the end of the world to switch brokers. Keep your eyes open for a change if you find your demands require other services that must be given preference.