Pip Calculator
How to use the calculator
Step 1
Choose your account base currency
Step 2
Select your trading instrument
Step 3
Specify your intended trade size
The calculators are used for illustrative purposes only and use default account settings, including standard margin rates. It does not consider all variables such as dynamic margin rates or effective leverage. Calculations may vary based on different server setups or client specific account settings.
What is a pip in trading?
A pip (short for "percentage in point" or "price interest point") is the smallest price movement a currency pair or financial instrument can make in the market. It’s a standard unit of measurement used to express price changes in trading.
For most forex pairs, a pip is 0.0001 of the quote currency. If EUR/USD moves from 1.1000 to 1.1001, that’s a 1 pip movement. While pips are most used in Forex, similar principles apply to commodities, indices, and shares — though they may use different terms such as points, ticks, or price increments.
What is a pip calculator?
A pip calculator is an essential trading tool for risk management. The calculator is used to work out the pip value of forex pairs, precious metals, indices, and more, in the account currency.
By knowing the pip value before opening a position, traders can better calculate their potential exposure and set more precise stop-loss and take-profit levels. It also helps ensure consistent position sizing across different currency pairs — even when dealing with fluctuating exchange rates.
Specify your intended trade size
Pip Value
=
Pip size in decimal form
Trade size (in lots)
Exchange rate
Example
Trading instrument
AUS200
Account base currency
GBP
Pip Size
1
Trade size
5 lots
Leverage
30:1
GBPUSD rate
1.79
The above exchange rate is used for illustrative purposes.
Required Margin Calculator
Our margin calculator will help you determine the margin — the amount of money required to open a trading position.
Calculate margin
Profit/Loss Calculator
Use our P/L calculator to estimate your potential gains or losses and decide on where to place stop-loss and take-profit orders.
Calculator Profit/Loss
Currency Converter
This quick and convenient tool uses real-time market rates to convert one currency into another at the click of a button.
Convert currencies
