Forex Pip Calculator — Value, Profit & Spread
Calculate pip value, profit/loss on any trade, and the real cost of your broker's spread. Covers 28+ instruments across forex majors, crosses, metals, and indices.
What is a pip?
A "pip" (percentage in point) is the smallest standardized price move for a currency pair. For most pairs it is the 4th decimal place (0.0001). For yen pairs like USDJPY it is the 2nd decimal (0.01). Gold (XAUUSD) treats $0.01 as a pip, while some brokers use $0.10.
How is pip value calculated?
Pip value depends on the pair, lot size, and your account currency. For a USD-denominated account trading 1 standard lot (100,000 units) of EURUSD, one pip = $10. At 0.1 lots (mini) it's $1 per pip; at 0.01 lots (micro) it's $0.10 per pip. Yen-pair pip values depend on the current USDJPY rate.
How do I calculate profit or loss on a forex trade?
Profit = (exit price − entry price) ÷ pip size × pip value × lot size (for a buy). For a sell, reverse entry and exit. The profit mode in this calculator applies that formula automatically — enter your entry, exit, direction, and size and it shows the result in your account currency.
Why does spread cost matter?
The spread is the gap between bid and ask — you pay it on every trade you open. A 1-pip spread on 1 lot of EURUSD costs $10 per trade. If you take 500 trades per year at 1 pip average spread, you're paying $5,000 before you make a single pip of profit. Tight spreads compound dramatically over time.
Frequently asked questions
Is this pip calculator free?
Yes. No signup, no email required. The calculator is part of MyVeridex's public tools — use it as often as you like.
Does this calculator handle gold and indices?
Yes. XAUUSD, XAGUSD, US30, US500, NAS100, GER40, UK100, and JPN225 are all supported. Pip values for indices and metals differ from forex pairs — the calculator handles that automatically.
What's the difference between pip value and profit?
Pip value tells you how much one pip is worth on your position ($10 for 1 lot of EURUSD). Profit is pip value multiplied by the number of pips you gained or lost. Profit mode adds entry/exit price inputs to compute both.