Profit and Loss for every position is shown in "real time" on the HONEST electronic trading system. This means that clients can see P&L in their account instantly as the market moves.
Approximate pip values for the major currencies are as follows:
USD/JPY: 1 pip = $15.40; A change from 130.50 to 130.51 is worth about $15.40 per $200,000.
EUR/USD: 1 pip = $20.00; A change from 0.9050 to 0.9051 is worth $20.00 per 200,000 Euros.
GBP/USD: 1 pip = $20.00; A change from 1.4650 to 1.4651 is worth $20.00 per 200,000 Pounds.
USD/CHF: 1 pip = $11.80; A change from 1.6850 to 1.6851 is worth about $11.80 per $200,000.
Interest
Trader will receive or pay an interest on an open trade held overnight on a daily basis, depending on the position. Positive carry positions (for example, long USD/JPY) result in a daily credit to the clients account. Negative carry positions (for example, short USD/JPY) result in a similar debit to the clients account.
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