The only differce is the amount of margin required to open a position. The pip value remains the same:
1.00 lot (100.000 units of base currency):
1:100
pip value= 10$
margin required=1000$ (your broker will set apart 1000$ from your account to be used as margin)
you will get 1000$ back in case of a margin call
1:200
pip value= 10$
margin required=500$ (you essentially have twice as much margin)
you will get 500$ back in case of a margin call |