See what a pip means for your trade.

Estimate the value of a one-pip EURUSD movement for your volume and the calculator’s USD or EUR account currency.

CFDs are high-risk, leveraged instruments. Losses may exceed deposited funds. Risk disclosure ›

One pip on most pairs: 0.0001
One pip on 1 lot of EURUSD: $10
Units in one standard lot: 100,000
Minimum trade size: 0.01 lot

Pip calculator

Price movement becomes a cash amount.

Choose volume and the supported account currency. The EURUSD estimate uses hypothetical conversion inputs, not a live price feed.Choose volume and the supported account currency. The EURUSD estimate uses hypothetical conversion inputs, not a live price feed.

Estimated value per pip

$10.00 per pip

1 lot of EURUSD, USD account

Value in quote currency: 10.00 USD
Conversion to account currency: None needed
A 10-pip move: $100.00
A 50-pip move: $500.00

Pip value measures a price movement before trading charges. Currency conversion may also change its account-currency value.

Calculated from the inputs shown. Actual trading costs may differ.⁸

Risk warning

A pip move works for or against you in equal measure. Losses may exceed deposited funds.

How it’s worked out

Pip size times trade size.

0.0001Pip size

100,000Units in 1 lot

$10Per pip, EURUSD

Multiply the contract quantity by pip size, then convert the quote-currency result if needed. Pair, volume and conversion rate change the amount.

Pip values

Check the pip size and contract.

For a 100,000-unit contract and a 0.0001 pip, one pip is 10 quote-currency units. For JPY pairs using a 0.01 pip, it isJPY 1,000 before conversion.

Pip values for one standard lot of eight forex pairs
Pair	Contract size	Price step	Pip size	One pip, 1 lot
EURUSDEuro vs US dollar	100,000	0.00001	0.0001	10 USD
GBPUSDBritish pound vs US dollar	100,000	0.00001	0.0001	10 USD
AUDUSDAustralian dollar vs US dollar	100,000	0.00001	0.0001	10 USD
EURGBPEuro vs British pound	100,000	0.00001	0.0001	10 GBP
USDCHFUS dollar vs Swiss franc	100,000	0.00001	0.0001	10 CHF
USDCADUS dollar vs Canadian dollar	100,000	0.00001	0.0001	10 CAD
USDMXNUS dollar vs Mexican peso	100,000	0.00001	0.0001	10 MXN
USDZARUS dollar vs South African rand	100,000	0.00001	0.0001	10 ZAR

Pip values for one standard lot of eight forex pairs
Pair	One pip, 1 lot	Contract size	Price step	Pip size
EURUSDEuro vs US dollar	10 USD	100,000	0.00001	0.0001
GBPUSDBritish pound vs US dollar	10 USD	100,000	0.00001	0.0001
AUDUSDAustralian dollar vs US dollar	10 USD	100,000	0.00001	0.0001
EURGBPEuro vs British pound	10 GBP	100,000	0.00001	0.0001
USDCHFUS dollar vs Swiss franc	10 CHF	100,000	0.00001	0.0001
USDCADUS dollar vs Canadian dollar	10 CAD	100,000	0.00001	0.0001
USDMXNUS dollar vs Mexican peso	10 MXN	100,000	0.00001	0.0001
USDZARUS dollar vs South African rand	10 ZAR	100,000	0.00001	0.0001

One-lot arithmetic for selected pairs, using specifications captured on 5 November 2026. Availability can change.⁹ Check each symbol’s pip convention and minimum price increment.

Forex pairs

Beyond forex

Use the price step for other contracts.

Metals, indices and other CFDs can use different contract sizes and minimum price increments. Check the symbol before applying a forex pip convention.

Gold · XAUUSD
$1 per step, per lot
0.01price step
Contract size 100, so a $1.00 move in the price is 100 steps, or $100 on one lot.
Metals
US crude · USOIL
$10 per step, per lot
0.01price step
Contract size 1,000, so each 0.01 move changes one lot by $10.
Energy CFDs
US 500 index · US500
$5 per step, per lot
0.1price step
Contract size 50, so each 0.1 move changes one lot by $5.
Index CFDs

Point-step arithmetic using contract sizes and minimum increments captured on 5 November 2026.⁹ Check the current symbol specification in MetaTrader.

Risk warning

With a CFD you trade the price only: you do not own the underlying share or index.

Questions

Pips

Pips, answered.

A pip is a conventional forex price movement: commonly 0.0001, or 0.01 for JPY pairs. Extra quote digits can represent fractions of a pip.

Multiply the contract quantity by pip size, then convert the quote-currency result if needed. Pair, volume and conversion rate change the amount.

Choose volume and the supported account currency. The EURUSD estimate uses hypothetical conversion inputs, not a live price feed.

Pip value measures a price movement before trading charges. Currency conversion may also change its account-currency value.

CFDs are high-risk, leveraged instruments. Investors should carefully assess whether they understand the mechanics and risks of CFD trading before investing, as losses may exceed deposited funds. Risk disclosure

Start

Demo or live

Check the size of every movement.

Use the exact pip convention, contract size and account-currency conversion for the trade you are considering.

Use the profit and loss calculator Explore forex

CFDs are high-risk, leveraged instruments. Losses may exceed deposited funds. Risk disclosure ›

See what a pip means for your trade.

Estimate the value of a one-pip EURUSD movement for your volume and the calculator’s USD or EUR account currency.

Open an account Try a demo

CFDs are high-risk, leveraged instruments. Losses may exceed deposited funds. Risk disclosure ›

One pip on most pairs: 0.0001
One pip on 1 lot of EURUSD: $10
Units in one standard lot: 100,000
Minimum trade size: 0.01 lot

Pip calculator

Price movement becomes a cash amount.

Estimated value per pip

$10.00 per pip

1 lot of EURUSD, USD account

Value in quote currency: 10.00 USD
Conversion to account currency: None needed
A 10-pip move: $100.00
A 50-pip move: $500.00

Pip value measures a price movement before trading charges. Currency conversion may also change its account-currency value.

Calculated from the inputs shown. Actual trading costs may differ.⁸

Risk warning

A pip move works for or against you in equal measure. Losses may exceed deposited funds.

How it’s worked out

Pip size times trade size.

0.0001Pip size

100,000Units in 1 lot

$10Per pip, EURUSD

Multiply the contract quantity by pip size, then convert the quote-currency result if needed. Pair, volume and conversion rate change the amount.

Pip values

Check the pip size and contract.

For a 100,000-unit contract and a 0.0001 pip, one pip is 10 quote-currency units. For JPY pairs using a 0.01 pip, it isJPY 1,000 before conversion.

Pip values for one standard lot of eight forex pairs
Pair	Contract size	Price step	Pip size	One pip, 1 lot
EURUSDEuro vs US dollar	100,000	0.00001	0.0001	10 USD
GBPUSDBritish pound vs US dollar	100,000	0.00001	0.0001	10 USD
AUDUSDAustralian dollar vs US dollar	100,000	0.00001	0.0001	10 USD
EURGBPEuro vs British pound	100,000	0.00001	0.0001	10 GBP
USDCHFUS dollar vs Swiss franc	100,000	0.00001	0.0001	10 CHF
USDCADUS dollar vs Canadian dollar	100,000	0.00001	0.0001	10 CAD
USDMXNUS dollar vs Mexican peso	100,000	0.00001	0.0001	10 MXN
USDZARUS dollar vs South African rand	100,000	0.00001	0.0001	10 ZAR

Pip values for one standard lot of eight forex pairs
Pair	One pip, 1 lot	Contract size	Price step	Pip size
EURUSDEuro vs US dollar	10 USD	100,000	0.00001	0.0001
GBPUSDBritish pound vs US dollar	10 USD	100,000	0.00001	0.0001
AUDUSDAustralian dollar vs US dollar	10 USD	100,000	0.00001	0.0001
EURGBPEuro vs British pound	10 GBP	100,000	0.00001	0.0001
USDCHFUS dollar vs Swiss franc	10 CHF	100,000	0.00001	0.0001
USDCADUS dollar vs Canadian dollar	10 CAD	100,000	0.00001	0.0001
USDMXNUS dollar vs Mexican peso	10 MXN	100,000	0.00001	0.0001
USDZARUS dollar vs South African rand	10 ZAR	100,000	0.00001	0.0001

One-lot arithmetic for selected pairs, using specifications captured on 5 November 2026. Availability can change.⁹ Check each symbol’s pip convention and minimum price increment.

Forex pairs

Beyond forex

Use the price step for other contracts.

Metals, indices and other CFDs can use different contract sizes and minimum price increments. Check the symbol before applying a forex pip convention.

Gold · XAUUSD
$1 per step, per lot
0.01price step
Contract size 100, so a $1.00 move in the price is 100 steps, or $100 on one lot.
Metals
US crude · USOIL
$10 per step, per lot
0.01price step
Contract size 1,000, so each 0.01 move changes one lot by $10.
Energy CFDs
US 500 index · US500
$5 per step, per lot
0.1price step
Contract size 50, so each 0.1 move changes one lot by $5.
Index CFDs

Point-step arithmetic using contract sizes and minimum increments captured on 5 November 2026.⁹ Check the current symbol specification in MetaTrader.

Risk warning

With a CFD you trade the price only: you do not own the underlying share or index.

Questions

Pips

Pips, answered.

A pip is a conventional forex price movement: commonly 0.0001, or 0.01 for JPY pairs. Extra quote digits can represent fractions of a pip.

Multiply the contract quantity by pip size, then convert the quote-currency result if needed. Pair, volume and conversion rate change the amount.

Choose volume and the supported account currency. The EURUSD estimate uses hypothetical conversion inputs, not a live price feed.

Pip value measures a price movement before trading charges. Currency conversion may also change its account-currency value.

Start

Demo or live

Check the size of every movement.

Use the exact pip convention, contract size and account-currency conversion for the trade you are considering.

Use the profit and loss calculator Explore forex

CFDs are high-risk, leveraged instruments. Losses may exceed deposited funds. Risk disclosure ›

Price movement becomes a cash amount.

Pip calculator

Pip size times trade size.

Check the pip size and contract.

Use the price step for other contracts.

$1 per step, per lot

$10 per step, per lot

$5 per step, per lot

Pips, answered.

What is a pip?

Why is a pip worth more on some pairs?

How do I use pip value to size a trade?

Is pip value the final trade result?

What are the risks of trading CFDs?

Check the size of every movement.

Price movement becomes a cash amount.

Pip calculator

Pip size times trade size.

Check the pip size and contract.

Use the price step for other contracts.

$1 per step, per lot

$10 per step, per lot

$5 per step, per lot

Pips, answered.

What is a pip?

Why is a pip worth more on some pairs?

How do I use pip value to size a trade?

Is pip value the final trade result?

What are the risks of trading CFDs?

Check the size of every movement.