A basis point, written bps, is one hundredth of a percent. One basis point is 0.01 percent of a price, so a 2 bps gap on a price of 4000 is 0.80, and the same 2 bps on a price of 1.10 is 0.00022. It always describes a fraction of the price it is measured against, never a fixed amount.
That relative nature is the whole point. A pipPipThe smallest standard price increment on a currency pair, usually the fourth decimal.Click the word to learn more is an absolute step, and it is a different amount on every instrument. One pip is 0.01 on gold, 0.0001 on a currency pair, a whole unit on Bitcoin. So the same real executionExecutionHow the broker turns an order into a real fill: speed, routing, and the price you actually get.Click the word to learn more quality can read as 80 pips on gold and 2 pips on a euro pair while being identical underneath. Averaging pip counts across instruments mixes units and produces a number that swings with the instrument mix rather than with the broker.
Basis points remove that. Because the gap is divided by the price, gold, currencies and crypto all land on one ruler, and an average across them means something.
Javlot measures broker slippageSlippageThe gap between the price you asked for on an order and the price the broker actually filled it at.Click the word to learn more in basis points under the hood, then shows it back in pips for readability, with the basis point figure beside it so the comparable number is never hidden. The internal broker diagnostics stay in basis points, the standard unit for execution quality.