Hi everyone!

Sorry for my english. I am new in this world and I am triying to understand everything I could. I have a question however before I comment the situation:

I have a demo account and I started a place of 0.01 lots having a 100:1 leverage in EUR/USD, and that I thought as a pip is 1 ? When you trade with 1 lot, I trade with 0.01 lots, 1 pips = 0.01 ? But I utilize a 100:1 leverage whats make 1 pip = 1 ? . Thw surprise came when I checked my own position and I had 12 pips but the profit was 0.87 ? .

I do not understand the reason. Can someone explain me this?

Thanks