4 Digit and 5 Digit Brokers
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Thread: 4 Digit and 5 Digit Brokers

  1. #1
    I have a question in regards 4 and 5 digit brokers, the thing that I dont understand is if a 5 digit broker proceeds 10 pips. . Is that only 1 pip for your 1 4 digit broker??

    For instance:

    Price on a 5 digit is 1.47612 and if it goes 10 pips its 1.47622

    but the exact same move on a 4 digit broker is: 1.4761 then after the 10 pip transfer is 1.4762 therefore its 1 pip

    I was wondering if that is correct. . And if so. . What exactly does it imply?? wich one is better ?? And when folks talk about stop loss and profit by pips might be quite confusing if a person is talking about a 30 pip SL or a 50 pip profit and is using a 4 digit account it would signify that its actualy a 300 SL and also a 500 profit. .

    I hope someone can help out cause i find this very confusing. .

    Thank You!!

  2. #2
    So you believe all feeds are equivalent - LOL check out this - Alpari demonion vs FXDD Live these crooks just running those limits.


  3. #3
    So its basically the exact same thing then?

  4. #4

  5. #5
    But check out this screen shot, and I've tried it with the broker, Oanda and Fxopen, Oanda is demo and Fxopen is live.

    This doesnt seem exactly the same, I attempted the commerce with the systems and Oanda goes into possitive profit much quicker than Fxopen.

    I aint no expert but I am just a bit confused here.

  6. #6
    Quote Originally Posted by ;
    But check out this screen shot, and I have tried it with the broker, Oanda and Fxopen, Oanda is demo and Fxopen will be live.

    This doesnt seem exactly the same, I tried the commerce with the systems and Oanda goes into possitive profit substantially quicker than Fxopen.

    I aint no pro but I am just a bit confused here.
    IMO those feeds are somewhat different from broker to broker in accore with their servers.

  7. #7
    Quote Originally Posted by ;
    But take a look at this screen shot, and I have tried it with both the broker, Oanda and Fxopen, Oanda is demonion and Fxopen is live.

    This doesnt seem the same, I attempted the commerce with both the systems and Oanda goes into possitive profit much faster than Fxopen.

    I aint no expert but I am just a little confused here.
    Come on, this is due to the fact that the spread is a lot wider in your FxOpen case, it has nothing to do with all the 4 or 5 digits.
    That is basic maths... You have a spread of 2,2 pips on Oanda and 10 pips on FxOpen (almost 5 times longer!)

    0,001 = 0,00100, in comparison with 0,00022

  8. #8
    The extra digit is equal to 0.1 pips. MT4 doesn't have the capability to understand fractional pips so a 10 pip move will appear as 100 on the screen for a 5 digit broker.

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