Trader's calculator
Know the cost before you click.
Pip value, margin, position size and trade cost for every instrument and account type, worked from the published pricing.
At a glance
- Instruments
- 45
- Account types
- Standard · Pro · Zero
- Pricing source
- Published spreads
- Login
- Not required
Calculator
Lot size
Account tier
Notional value
$108,500
Total contract value
Margin required
$217
To open at 1:500
Per pip
$10
Per pip of movement
Spread cost
$5.00
One round-trip at this size
Commission
$0
No commission on this tier
Total cost / trade
$5.00
Spread + commission, round-trip
Indicative figures based on published pricing. Live spreads and swap rates apply at execution in the terminal. Currency conversion uses indicative rates.
How the maths works
Every number, explained.
The same formulas the calculator runs, written out.
- How is margin required calculated?
- Margin = notional value ÷ leverage. Example: 1 standard lot of EUR/USD (100,000 × $1.0850) ÷ 500 leverage = $217 margin. The lower your leverage, the more margin is needed; higher leverage means less margin and a larger position relative to your deposit.
- How is pip value calculated?
- Pip value depends on the instrument. For EUR/USD: 0.0001 × 100,000 = $10 per pip per standard lot. For USD/JPY: 0.01 × 100,000 = ¥1,000 per pip per lot, then converted to your account currency. The calculator handles the instrument-specific arithmetic.
- What is the difference between pips and points?
- Pips for forex (the fourth decimal place for most pairs, the second for JPY pairs). Points for indices and crypto (the smallest price movement, which varies by instrument). Conceptually the same thing: the smallest standard unit of price change for that instrument.
- Why are commission costs different on Zero?
- Standard and Pro have no commission; the cost is in the spread. Zero charges $3.50 per lot per side ($7 round trip per standard lot) in exchange for raw spreads. The trade-off pays on instruments where the spread saving exceeds $7 per lot, which depends on the instrument.
- How accurate are these calculations?
- The arithmetic is exact. The spread used for the cost line is the published figure for that instrument and account type, so the trade cost is indicative: the live spread at the moment you trade can be wider or tighter than the published one, and swap rates change daily.
Open an account
Calculate, then trade.
Open an account from $10 and fund it when the figures make sense to you.