Pip value calculator
See what one pip is worth in your money, for the pair and lot size you trade.
Value of one pip
$10.00
Each pip is worth about $10.00 on 1 lot of EUR/USD.
- Pip size
- 0.0001
- In your account currency
- $10.00
- Commission (open and close)
- $0.00
- Enter the spread to see your rebate on this trade.
Spec used for EUR/USD
- Symbol at Exness
- EURUSD
- Contract size
- 100,000 EUR per lot
- Pip size
- 0.0001
- Price decimals
- 5
- Trade size (lots)
- Min 0.01 · step 0.01 · max 200Sample value — check with your broker
- Margin
- Leverage-based, in the base currency
- Maximum leverage
- Not listedSample value — check with your broker
- Commission
- 0 USD per lot, each sideWorked out from the broker's figure
- Swap long / short
- Not listedSample value — check with your broker
- Swap charged 3 times on
- Wednesday
- RebateFX rebate
- 10% of the spreadSample value — check with your broker
Sources · Checked on 28 Oct 2026.
How this is calculated
- Pip value = pip size × contract size × lots.
- The result is in the quote currency. We convert it at the price or rate you enter.
- Commission: per lot, each side × lots × 2 (open and close).
- Rebate: the rate per lot × lots, or the rate % of the spread or of the fee.
We worked this formula out from the sources below.
- MQL5 Reference — ENUM_SYMBOL_CALC_MODE:
Profit: (close_price - open_price) * Contract_Size*Lots
- Babypips — What Is a Pip in Forex?:
[(.0001 CAD) / (1.0200 CAD)] x 1 USD = 0.00009804 USD per unit traded
- CMC Markets — Lot Size in Forex:
Lot Size = (Account Balance × Risk Percentage) / (Stop Loss in Pips × Pip Value)
- MetaTrader 5 Help — Margin Calculation:
Volume in lots * Contract size / Leverage
Estimate only. Spread is not included, and other costs only where a line shows them. Your trading terminal shows the exact numbers. This is not investment advice. Read the risk disclosure
How to calculate pip value
Pip value is the money you make or lose when the price moves one pip.
- Find the pip size. Most pairs use 0.0001. Yen pairs use 0.01.
- Multiply the pip size by the contract size and by your lots.
- The result is in the quote currency, the second one in the pair.
- If your account uses another currency, convert it at the current price.
Worked examples
The first example uses the calculator's example values; the others change the product and inputs. Every result comes from the calculator above.
EUR/USD on a $10,000.00 account
- Trade: 1 lot. Pip size 0.0001, contract size 100,000.
- Pip value: 0.0001 × 100,000 × 1 = $10.00.
XAU/USD on a $10,000.00 account
- Trade: 0.5 lot. Pip size 0.01, contract size 100.
- Pip value: 0.01 × 100 × 0.5 = $0.50.
USD/JPY on a $10,000.00 account
- Trade: 1 lot. Pip size 0.01, contract size 100,000.
- Pip value: 0.01 × 100,000 × 1 = ¥1,000.
- In your account currency, that is about $6.25.
Common mistakes
- Using 0.0001 as the pip of a yen pair. Yen pairs use 0.01.
- Reading the result in the wrong currency. It starts in the quote currency.
- Mixing up pips and points. Exness counts 1 pip as 10 points.
- Treating pip value as fixed. If the quote currency is not your account currency, it moves with the exchange rate.
How a rebate changes this
Pip value stays the same with a rebate
The rebate is paid apart from your trades, from fees you already pay. It lowers your costs, but it does not turn a losing trade into a winning one.
Questions
What is a pip?
A pip is a small, standard price step. On most pairs it is the fourth decimal place.
Why is a pip different on yen pairs?
Yen pairs are priced with fewer decimals. One pip is the second decimal place.
Is pip value the same at every broker?
The formula is the same. Contract size and pip size can differ, so check your broker's specifications.
Already trading? Part of your fees can come back.
Open your account through RebateFX, and the broker pays part of your fees back to you. Your spread and fees stay the same.
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