What makes NAS100's pip value behave the way it does
On NAS100, the quoted price is the index level itself, and a pip is conventionally one index point. Your pip value is therefore the money your account gains or loses when the index moves by one point, expressed in your account currency. Because the index is quoted in US dollars, any account currency other than USD introduces a conversion through the prevailing exchange rate before the value lands in your balance.
What sets NAS100 apart from a forex pair is that the contract size is fixed in index units, so pip value does not vary with the price level the way it can on currency pairs. Instead, it is stable per point and scales linearly with your position size. The live calculator above applies the current conversion and contract terms to your inputs, so the figure it returns is specific to your account currency and lot size rather than a generic number.
| Instrument class | Index CFD |
|---|---|
| One point | 1 |
| Standard lot | 1 index unit |
| Value of one point per lot | $1.00 |
| Typical spread | 0.4 points — · FxPro verified |
| Notional value of one lot | — |
| Margin on one lot at 1:30 / 1:100 / 1:500 | — |
The last two rows move with the market and are filled in from the live rate; everything above them is fixed by the contract. Leverage available to you depends on your regulator and account type — check it in the platform before you size a position.
What actually moves NAS100
Two verified drivers dominate the index: US technology earnings and Federal Reserve policy. The Nasdaq 100 is heavily weighted toward large US technology and growth companies, so their earnings reports and forward guidance can reprice the index quickly, especially outside regular hours. Federal Reserve policy matters because growth stocks are valued on discounted future cash flows; changes in the interest rate outlook shift that discount and move the index even when earnings themselves are unchanged.
For pip value, these drivers matter indirectly: they change volatility, which changes how many points the index travels, and therefore how much your fixed per-point value translates into profit or loss. A wider range in points does not change pip value itself, but it multiplies the effect of each point on your account.
| Currency | Central bank | Policy rate | What moves it |
|---|---|---|---|
| NAS100 | Nasdaq-100 index | No policy rate | earnings · FOMC · real US yields |
Liquidity and what to watch before entering
NAS100 is most liquid during the US cash session, when the underlying market is open and the cash index is actively trading. Liquidity is thinner in the Asian session and around the transition into the European session, and spreads can widen sharply outside the US session and around major scheduled releases. For a pip value calculator, the practical point is that your effective cost per point is not just the pip value but the spread you cross on entry and exit, so check the current spread before sizing a trade.
Before entering, confirm your account currency conversion is current, review upcoming US technology earnings and Federal Reserve communications, and check whether the market is in the US cash session or a thinner period. These checks ensure the pip value the calculator shows matches the conditions you will actually trade in.
Spreads are tightest when two sessions are open at once and widest when one desk has gone home and the next has not arrived. The shaded band is the overlap.
Pip values sourced from ECB reference data (Frankfurter API). Live BTC/ETH prices from CoinGecko. All values are indicative and for educational purposes — not live trading quotes. See full pip value table →