---
title: What is a pip/tick?
description: "Pip/tick refers to the minimum price fluctuation of a financial instrument. More information is available in the \"Product Outline” under the Legal Document section in your Portal or on our website [https://ms.wmmarkets.com/mt4-products/](https://ms.wmmarkets.com/mt4-products/)"
url: "https://ms.wmmarkets.com/knowledge-base/trading/what-is-a-pip-tick/"
updated: "2024-10-09"
category: Trading
---

# What is a pip/tick?

Pip/tick refers to the minimum price fluctuation of a financial instrument. More information is available in the "Product Outline” under the Legal Document section in your Portal or on our website [https://ms.wmmarkets.com/mt4-products/](https://ms.wmmarkets.com/mt4-products/)