Pip & Margin Calculator

Pip value is the profit or loss for each 1-pip move on your open position. For USD-quoted majors, the standard is $10 per pip on 1 standard lot (100,000 units of the base currency). For gold, 1 pip is 10 “points” ($0.10 of price movement), and 1 standard lot of gold is 100 troy ounces — so 1 pip on 1 lot is worth $10 too. BTCUSD is usually quoted with a “point” equal to $1 of price movement, and contract sizes vary between brokers — always confirm the specs on your account.

Point value is different from pip value.Some pairs (like gold) quote in points that are one-tenth of a pip; others (like most FX majors) quote in fractional pips (also called “pipettes”) that are one-tenth. Point value is what your MT5 terminal actually shows in the “Profit” column, so make sure you know which one your risk formulas use.

Margin is capital reserved, not lost. Required margin is the deposit your broker holds while your trade is open — lots × contractSize × price / leverage. It comes back the moment you close. Higher leverage lets you trade a bigger position with less margin held — but it doesn't change the risk of the trade, only the size of the position that a given balance can support.

JPY pairs.USDJPY's pip is 0.01 (the second decimal), and the pip value on 1 lot depends on the current USDJPY price — typically around $6.50–$7 per pip. We display an approximation flag on JPY-quoted symbols; for exact JPY pip value use your broker's ticket calculator or scale it from your current fill price.