US500 Pip Value — Contract Specs & Lot Sizes
One standard lot of US500 is 1 index point = $1.00 per lot (IC Markets standard; varies by broker) with a pip size of 1.0 point. Pip value per standard lot: $1.00 per point per lot.
US500 Contract Specifications
| Instrument | US500 — US SPX 500 (S&P 500) |
| Contract Size (1 standard lot) | 1 index point = $1.00 per lot (IC Markets standard; varies by broker) |
| Pip Size | 1.0 point |
| Pip Value (1 lot) | $1.00 per point per lot |
| USD Equivalent | $1.00 (broker-dependent — verify in MT5 specs) |
| Minimum Lot | 0.1 |
| Maximum Lot | 100+ (broker-dependent) |
| Typical Spread | 0.4–0.6 points (IC avg 0.49) raw / 0.8–1.5 points standard |
| Trading Hours | Sunday 22:00 – Friday 21:00 GMT (cash 13:30–20:00 GMT) |
| Platform Aliases | SPX500, ES, S&P 500 |
US500 Pip Value by Lot Size
| Lot Size | Pip Value |
|---|---|
| 0.01 lot | scales linearly — $1.00 per point per lot |
| 0.10 lot | scales linearly — $1.00 per point per lot |
| 1.00 lot | scales linearly — $1.00 per point per lot |
| 10.00 lot | scales linearly — $1.00 per point per lot |
Values scale linearly with volume: 0.01 lot = 1% of the 1-lot value, 10 lots = 10×. $1.00 (broker-dependent — verify in MT5 specs)
How to Calculate US500 Pip Value
Because the quote currency is USD, the pip value in USD is fixed regardless of price. Verify exact contract size in your platform (MT4/MT5 → Market Watch → right-click → Specification).
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Frequently Asked Questions
What is the pip value of US500?
One pip of US500 on a 1.00 standard lot is worth $1.00 per point per lot ($1.00 (broker-dependent — verify in MT5 specs)).
How do I calculate US500 pip value?
Multiply pip size by contract size: 1.0 point × 1 index point = $1.00 per lot (IC Markets standard; varies by broker) = $1.00 per point per lot per standard lot.
Does the US500 pip value change?
No — with a USD quote currency the USD pip value is constant at any price level.
What is the contract size of US500?
One standard lot is 1 index point = $1.00 per lot (IC Markets standard; varies by broker). Minimum trade size is 0.1 lots at most brokers.
How many pips does US500 move per day?
~65 points (≈0.85%) on average (August 2026 window) — medium volatility among the 35 instruments in our database.
Data compiled 22 August 2026 from IC Markets product specification sheets, Myfxbook live spread/swap/volatility feeds and public education sources (FOREX.com Academy, BabyPips, FXStreet). Spreads, swaps and daily ranges change continuously — values above are representative, not quotes, and vary by broker. Verify everything in your platform's contract specification window. Educational content only — not financial advice. See our Terms.
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