Pip value calculator
What one pip is worth in US dollars for any lot size, and what a move of so many pips makes or loses. One standard lot of a USD-quoted pair is $10 a pip.
- 100,000units in one standard lot
- 0.0001one pip on most pairs, 0.01 on yen pairs
- $10a 0.10 move on 1.00 lot of gold
One standard lot is 100,000 units; a mini lot (0.10) is 10,000 and a micro lot (0.01) is 1,000. Prices move, so a converted pip value moves with them.
How it is calculated
Find the pip size
A pip is the standard unit a currency price moves in: the fourth decimal place on most pairs (0.0001) and the second on yen pairs (0.01). On gold most traders call a 0.10 move a pip.
Multiply by the units
One standard lot = 100,000 units, a mini lot (0.10) = 10,000, a micro lot (0.01) = 1,000. EURUSD, 1.00 lot: 0.0001 × 100,000 = $10 a pip.
Convert to dollars
When the dollar is the base, divide by the price: USDJPY at 150.00 is 0.01 × 100,000 ÷ 150 = $6.67. On a cross, multiply by the quote currency in dollars: EURGBP with GBPUSD at 1.30 is $10 × 1.30 = $13.
Pip value per 1.00 lot, by pair
One pip on one lot, pair by pair
The same arithmetic on the pairs traders ask about most, at the prices in the examples. Prices move, so a converted pip value moves with them.
Contract sizes on forex and gold are standard across MT5 servers; for indices, oil and crypto CFDs check the symbol's specification in MetaTrader 5 (right-click the symbol, Specification) before you size a trade.
Commission per lot
On WhitePips CFD accounts commission is charged per lot, round turn: forex $5 on Edge and Instant and $4 on Prime, metals $6 and $5, energy $6; indices and stocks are free. It is charged half on the open and half on the close, on top of the pip value here.
For education. The results are arithmetic on the figures you enter; the contract specification, prices and commission on your platform decide real results. Nothing here is financial advice, and trading leveraged products can lose money.
Pip value calculator: questions
How much is one pip worth on one lot?
$10 on any pair quoted in US dollars (EURUSD, GBPUSD, AUDUSD, NZDUSD). On other pairs it is converted: about $6.67 on USDJPY at 150, about $7.41 on USDCAD at 1.35.
What is the difference between a pip and a point?
On a five-digit MT5 quote a point is one tenth of a pip: EURUSD moving from 1.10000 to 1.10010 is 10 points, which is 1 pip. MT5 measures stops and spreads in points.
What is a pip on gold?
Most traders call a 0.10 move on XAUUSD a pip. With 100 ounces in a lot, that is $10 per lot, and a $1 move is $100 per lot.
Why is my pip value different from the calculator?
Prices move, so a converted pip value moves with them, and some brokers use a different contract size on CFDs. The figure on your platform is the one that counts.
Put the numbers to work
Every plan, size and price, with the rules printed before you buy. No time limit on any evaluation.